Mises Institute
Friday, March 28, 2025
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Herbert Hoover, Enemy of Free Markets
William L. Anderson
An enduring myth among American historians is that President Hoover’s response to the Depression was to let the free market work. This is totally false.
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What Might Austerity Look Like in 21st-Century America?
Jane L. Johnson
Is “austerity” in the future for the US government? Awash in debt and facing economic crises, the government may have to go on a diet, something neither Congress nor the president want to do.
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Class and Conflict
Ralph Raico reveals how classical liberals—not Marxists—crafted the most powerful critique of class conflict, war, and empire.
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1919
In 1919, Mises battled socialism, chaos, and collapse—quietly preventing Bolshevism from overtaking postwar Vienna.
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Public Funding of Universities is Inefficient and Immoral
Public funding of university research and education is neither necessary on practical economic grounds nor defensible on moral grounds.
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Karl Marx’s Missing Link: Erasing the Line Between Mercantilism and Capitalism
By omitting mercantilism, Marx could attribute its exploitative practices—particularly colonialism—directly to capitalism, reinforcing his ideological critique.
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What Made Europe Different
The first thing to say about laissez-faire liberalism is that it arose in Europe, specifically in Western Christendom. This story goes back many centuries. It goes back into the Middle Ages.
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How the Surgery Center of Oklahoma Tapped the Cash Market
Dr. Keith Smith explains how honest pricing and patient-first care are revolutionizing American medicine.
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A Critique of Interventionism
Interventionism gives government indirect control of most of everyday life. According to Ludwig von Mises, the result is instability, resulting in ever greater government control—a road to socialism—or a restoration of a truly free market.
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