Mises Institute
Wednesday, March 13, 2024
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The Welfare State Prolongs Recessions
Patrick Barron
Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.
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The Swiss National Bank vs. the Federal Reserve: The Fed's Capital Losses in Perspective
Alex J. Pollock
Do you like your central bank capital positive or negative? The Fed is bankrupt, but even after taking recent losses, the Swiss National Bank still has positive capital.
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Who Hijacked Our Free Will?
We may be governed by incompetent elites, but even they have not taken away our free will and ability to think for ourselves.
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The European Miracle
The first lecture in Ralph Raico's 2003 seminar on the history of Liberty: its origin, its development, its friends, and its enemies.
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Clarifying Scarcity: The Garden of Eden
Did scarcity begin with Adam and Eve in the Garden of Eden? Or were human beings and their surroundings already bound by time and space before they ate the forbidden fruit?
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Become a Patron Today
Human Action was arguably the most important book of the twentieth century. Help us spread Mises’s ideas to more and more people in the twenty-first century.
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The Absurdity and Danger of the State of the Union
The opening of the president's State of the Union speech revealed the troubling mindset of the Washington establishment.
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The Founding of the Federal Reserve
A speech by Murray Rothbard, presented at the Mises Institute's 1984 "Seminar on Money and Government" in Houston.
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Let's Abolish Government
Lysander Spooner (1808–1887) was an American individualist anarchist and legal theorist, and the author of some of the most radical political and economic writings of the 19th century.
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