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Why We Need Profits

Taxes and SpendingCalculation and KnowledgeMonetary TheoryValue and Exchange

Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.

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Decentralize the Nuclear Arsenals

Taxes and SpendingWar and Foreign PolicyPolitical Theory

Blog07/26/2016

With the American state broke and deeply in debt, it is just a matter of time until nuclear proliferation spreads to Japan, Germany, and South Korea.

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Discrimination Against Discrimination: Why We Don’t Need Anti-Discrimination Laws

Big GovernmentLegal SystemInterventionism

Blog07/26/2016

Allow discrimination for anybody for any reason so that those who discriminate for the "wrong" reasons are naturally removed from the market.

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Why a "Dollar" Should Only Be a Name for a Unit of Gold

Business CyclesMonetary Theory

Blog07/25/2016

No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.

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Did Debt Exist Before Money? It Doesn't Matter

Monetary Theory

We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.

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Are Advertising "Bribes" Unethical?

Media and CulturePolitical TheoryPrivate Property

Blog07/25/2016

If the FTC really cared about the harmful effects of hidden sponsorships and fraudulent goods, it would spend all its time investigating government.

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The Week in Review: July 23, 2016

Big GovernmentThe EntrepreneurMedia and CultureStrategyPolitical Theory

Blog07/22/2016

As expected, this week's political convention failed to offer any real solutions to the problems we face.

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The Consequences of Militarized Police Forces

Big GovernmentU.S. HistoryPrivate Property

Blog07/22/2016

When police are trained to regard the citizens as military opponents, bad things happen.

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Britain's Minimum Wage Short-Changes Young Workers

Global EconomyCalculation and KnowledgePrices

Blog07/21/2016

In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.

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NBC's The Blacklist: Why Reddington Is Better than the State

Media and Culture

Blog07/21/2016

The Blacklist's Raymond Reddington illustrates how private-sector criminals are often better than the public-sector kind.

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America Needs a Good, Old-Fashioned Economic Depression

Global EconomyFiscal TheoryInterventionism

Blog07/21/2016

Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."

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FTC Cracks Down on Sponsored Content

Free MarketsLegal SystemMedia and Culture

Blog07/21/2016

Even if consumer protection regulation is motivated by good intentions, it inevitably undermines competition and consumer welfare.

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Brazil's Lost Decade: We Must Free Our Economy

Global EconomyWorld HistoryPolitical Theory

Blog07/20/2016

Here in Brazil, free-market ideas have long been ridiculed and ignored, with disastrous results.

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The Pharma-Fed Doctor

HealthMedia and CultureTaxes and Spending

Blog1 hour ago

It is true that perks from pharma companies influence doctors. But pharma dollars are nothing compared to the subsidies doled out by governments.

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When Guerrilla Warfare Can Succeed — And When It Will Fail

U.S. HistoryWar and Foreign Policy

Blog07/20/2016

Murray Rothbard suggested that non-state insurgents were preferable to state-operated militaries. But can non-state armies ever succeed?

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Clinton and Trump Embody Plunder and Paternalism

Big GovernmentPolitical Theory

Blog07/20/2016

Hillary Clinton and Donald Trump represent variations of the same political theme.

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Why A Brexit Crisis Is Not A Bust

Booms and BustsBusiness CyclesMoney and Banking

The UK's exit from the EU cannot and will not, in itself, trigger malinvestments and their subsequent inevitable liquidation through a bust.

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Our Disastrous Monetary System: A New Must-Read Book

Global EconomyMoney and BanksMonetary TheoryMoney and Banking

Blog07/19/2016

Blind Robbery!, a new, easy-to-read book on money is a must-read for anyone who wishes to understand the damage our easy-money system is doing.

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We Need More Borders and More States

Global EconomyWorld HistoryPolitical Theory

Blog07/19/2016

As Venezuela shows, living close to an international border can be an important lifeline. This illustrates the benefits of political decentralization.

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The Problem With Socialism

EducationTaxes and SpendingPolitical Theory

Blog07/19/2016

My hope is that my new book, The Problem with Socialism, will be viewed as a companion to Henry Hazlitt's classic Economics in One Lesson.

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