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February 17, 2020
Mises Institute


By Gregory Bresiger

Social Security Is a Terrible "Investment"

Social Security has been a money-
losing mess for decades, and it's
a major drain on private sector saving
and investment.

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By Murray N. Rothbard

How the Fed Rules and Inflates

The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."

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By Ryan McMaken

Why More Secession Means More Freedom

Anti-secessionists insist radical decentralization means more "nationalism" and protectionism. In practice, the exact opposite is more likely.

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By Ralph Raico

The Conquest of the
US by Spain

The year 1898 was a landmark in American history. It was the year America went to war with Spain—our first engagement with a foreign enemy in the dawning age of modern warfare. Aside from a few scant periods of retrenchment, we have been embroiled in foreign politics ever since.

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