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February 12, 2021

Mises Institute

By Patrick Barron

The World Needs a Gold-Backed Deutsche Mark

Reinstating the mark, a peaceful act by a sovereign country, would create a cascade of monetary reform throughout the world. Europe's trading partners would find the cost of necessary imports rising in terms of their local currencies, forcing them to adopt fiscal and monetary responsibility.

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By Bradley Thomas

How Not to Argue against the Minimum Wage

There are plenty of sound reasons to oppose government mimimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that's the "businesses will pass on the costs to consumers" objection.

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By Murray N. Rothbard

The Depression of the 1780s and the Banking Struggle

In an unhampered market, there is no such thing as "excess" consumption of imports. But thanks to the creation of monopoly banks like the Bank of North America, an inflationary expansion of bank credit led to an artificial expansion of imports.

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