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October 26, 2021

Mises Institute

By Joakim Book

Why Interventionist Economists Love to Talk about Externalities

Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities.

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By Llewellyn H. Rockwell Jr.

What Economics Is Not

The Austrian approach to economics dispenses with the idea of "economic man," and broadens economics to include all action, which takes place in a framework of scarcity.

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By Joshua Mawhorter

1789: The First Thing the New American Government Did Was Raise Taxes

It turned out that taxation with representation could be just as oppressive as taxation without representation. Or worse.

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