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February 25, 2020

Mises Institute

By William L. Anderson

Why Wall Street Bankers and Federal Lawyers Hate Michael Milken

Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.

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By Per Bylund

When It Comes to Raw Power, Few Have More of It Than Central Bankers

Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.

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By Ludwig von Mises

The Origins of Nazism

Ludwig von Mises explains how the weakened state of German liberalism left the door open to German socialism which paved the way for Nazi ideology.

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By Frank Shostak

How Fractional Reserve Lending Makes Money Disappear

Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.

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