Mises Institute
Tuesday, October 14, 2025
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“The Public Be Damned”
Clifford F. Thies
The famous phrase was uttered by William H. Vanderbilt, which was interpreted to mean that the capitalists didn’t care for their customers. Vanderbilt knew he worked for his stockholders, but in working for them, he had to provide for his railroad’s passengers.
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Breaking Free From State Rule
George Ford Smith
The present US regime is far more tyrannical than the British government that supposedly was so intolerable that independence was the only way out. Perhaps it is time for another Declaration of Independence.
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AI, Automation, and the Human Advantage
Bob Murphy tackles growing concerns about artificial intelligence, automation, and mass unemployment.
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Meaning and Use of the Study of History
History informs judgment. Praxeology disciplines human action more than any technocrat’s plan or blueprint.
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We Should Stop Using the Term “Balance of Trade”
We should stop using terms such as “trade surplus” or “trade deficit.” Trade is always a surplus and the only deficit comes from government interventions.
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AI: “Existential Crisis” or Excuse for Cronyism?
As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Predictably, they advocate for cronyism under “regulation.”
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History versus Economics: Explaining the Causes of the Great Depression
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It’s time for some truth telling.
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Monetary Metals 101: How Gold and Silver Work in a Free Market
Gold and silver make sense...
until government “helps.”
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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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