Mises Institute
Saturday, May 31, 2025
 
 
The Economics of Obamacare—Next Round
Łukasz Jasiński
Enrollment in government-subsidized “Obamacare” health insurance programs is expanding—and that is not a good thing. As more people place demands on the medical system, that system is increasingly unable to handle the growing demand.
 
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The Tobacco Standard in Colonial America
Joshua Mawhorter
MMT and chartalism claims that money is a creature of the state and is valued because of state action. The fact that tobacco acted as colonial money independently of the state demonstrates this to be false.
 
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Most popular this week
 
Relearning the Lessons We Never Learned from World War I
We would do well to remember the main lesson from World War I: there is no “honor” in warfare. It is pure murder.
 
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Price Controls and Drug Shortages in France: A Textbook Case of the Evils of Interventionism
France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime.
 
read more
 
 
Is Culture Degeneration Biological or Ideological?
If one looks to Mises and the Austrians, we look squarely at human action that begins with the human mind and purposeful action.
 
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Featured Audio
 
Poland’s Turn Toward a Market Economy Saved It from Poverty
Polish professor of political theory Łukasz Dominiak joins Ryan McMaken to talk about Poland’s rise from poverty.
 
listen
 
 
What the New Right Gets Right—and Wrong—About Free Trade
Bob Murphy offers a charitable yet firm economic critique of the anti-free trade ideas gaining ground on the political right.
 
listen
 
 
Impressed at Vicksburg
Mark Thornton discusses a lesser-known factor in the American Civil War: the Confederate “impressment” policy and its impact at Vicksburg.
 
listen
 
 
 
 
 
MAGA, MAHA, and the Nanny State
 
Modern medicine looks more like a religion than a science, and its priests are bureaucrats.
 
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The World at War
 
Ralph Raico offers a compelling, classical liberal perspective on the economic roots of twentieth-century conflict. Raico weaves together history and theory to illuminate the deeper causes of the world wars—insights that remain strikingly relevant in the context of ongoing debates over intervention and perpetual war.
 
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