Author: Mises

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Violence: How It’s Different From Market Exchange

The analysis in chapter 1 was based on the logical implications of the assumption of action, and its results hold true for all human action. The application of these principles was confined, however, to “Crusoe economics,” where the actions of […]

When Will The European Super-Bubble Pop?

When Will The European Super-Bubble Pop?

France’s new president can’t keep the European Union together. In early May, France elected globalist darling Emmanuel Macron. His victory gave the EU a short-term boost. However, it did not change the fundamental problems with Europe’s artificial mega-state. Doug Casey agrees: The […]

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There’s More Debt, But Not More Wealth

We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The […]

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Are Highly Paid People Just Lucky?

One of the most influential theories in contemporary political philosophy is “luck egalitarianism.” The late G.A. Cohen stated the position in this way, in his Rescuing Justice and Equality (Harvard, 2008): People with greater-than-average talents and abilities should not in justice […]

Ludwig von Mises Understood “Meme Magic”

Ludwig von Mises Understood “Meme Magic”

One of the most consistent themes through the works of Ludwig von Mises is the role ideas play in shaping society. As he wrote in Theory and History: Thoughts and ideas are not phantoms. They are real things. Although intangible […]

US Household Debt Rises To All-Time Highs

US Household Debt Rises To All-Time Highs

Following the 2008 financial crisis, many observers were surprised by how much many Americans began saving. From 2009 to 2012, total household debt fell considerably, dropping by more than 12 percent from 2008 to 2013. According to the Wall Street Journal, […]

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What Do Governments Want From Bitcoin?

Several large regimes have hinted they’ll be looking more favorably on bitcoin, leading to record prices for the digital currency. Everett Numbers reports at The Anti-Media: The price of bitcoin just surpassed $1,800, its second all-time high this week. As […]