Mises Institute
Wednesday, August 20, 2025
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Does Cutting Government Spending Risk a Recession?
Paul F. Cwik
Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic experience, however, shows us this is a false theory, something Austrian economists have known for a long time.
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Why Do We Live in a Two-Faced World?
George Ford Smith
In normal human affairs, actions like lying, theft, and murder are considered to be immoral and anti-social. However, people are quick to accept those same behaviors from government agents and they will even defend such actions as “necessary” for the “good of society.”
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Plato
Intellectual historian David Gordon presents the first lecture of his 2007 seminar on the history of political philosophy.
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Recollections from the University of Vienna
Presenting at New York University in 1962, Mises recalls his private seminars that began in 1919.
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Another Reason to Ban Tik-Tok?
Sadly, even Tik-Tok videos of parents struggling to afford school supplies will likely not cause Congress to take steps to deal with the Fed.
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Why Are Some Libertarians So Concerned about Tax Loopholes?
Murray Rothbard referred to the idea of a tax loophole that needs to be closed as a great economic myth.
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What is Economics and What Makes a Good Economist?
Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.
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Five Myths About the History of Political Thought
Ryan McMaken, drawing on Ralph Raico, reexamines key myths that distort the history of liberal thought.
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Hayek for the 21st Century—Our New 100,000 Book Giveaway
Hayek for the 21st Century is a primer for the layperson, introducing a new generation of readers to Hayek’s writings and hopefully avoiding the 20th century’s mistakes in the 21st century.
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