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The Dangers of a "Universal Basic Income"

InterventionismValue and Exchange

Blog8 hours ago

A "universal basic income" serves to make workers and entrepreneurs less likely to produce goods and services the consumers need most.

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In a Free Market, No Profit is "Excessive"

The EntrepreneurPrices

Blog16 hours ago

Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

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Will Trump Continue the Bush-Obama Legacy?

The FedTaxes and Spending

Blog18 hours ago

The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.

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Free Market Economics and Crony Capitalism

Corporate WelfareFree MarketsWorld History

Blog01/13/2017

Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?

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No Country Should Be Bigger Than This

Big GovernmentPolitical TheoryPrivate Property

Blog01/13/2017

Even if we agreed that states can provide certain amenities of value, state powers still become dangerously prone to abuse the larger the state grows.

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Week in Review: January 14, 2017

Corporate WelfareTaxes and SpendingPolitical Theory

Blog01/13/2017

The nation braces itself for the inauguration of a new president. Politics, however, will not cure what ails us.

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Good Economics Is "Bizarre" for Minimum Wage Supporters

Free MarketsAustrian Economics Overview

What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.

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Beware "Revenue Neutral" Tax Reform

Taxes and Spending

Blog01/12/2017

There is a lot of talk about tax reform these days. Not surprisingly, none of it involves cutting spending or lessening government revenue.

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What European Integration Should Look Like

World HistoryPhilosophy and MethodologyPolitical Theory

Blog01/12/2017

The European Union could have been a mere union of states committed to increasing free trade and free movement. But, it has become nothing of the sort.

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Tom Woods and Shawn Ritenour Discuss The Mises Reader

Blog01/12/2017

Shawn Ritenour and Tom Woods discuss The Mises Reader, now available from The Mises Institute.

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The Fed Needs Competition, Not Rules

The FedMoney and BanksMoney and Banking

Blog01/12/2017

If a monetary rule like the Taylor Rule is not a solution to the problem of the Fed, what is? Competition.

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Happy Birthday Butler!

Blog01/12/2017

Today is the birthday of Butler Shaffer, a pioneer of the libertarian movement and an outstanding legal theorist.

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Mexicans Are Blaming "Neoliberalism" for Socialism's Failures

Global EconomyMonopoly and CompetitionPolitical Theory

Blog01/11/2017

A state monopoly on the oil industry has been impoverishing Mexicans for decades. Yet, the market is blamed for the economy's woes.

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Why Fractional-Reserve Banking Would Be Limited in an Unhampered Market

Money and Banking

Blog01/15/2017

In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."

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Let Businesses Decide for Themselves Where to Make Their Products

U.S. EconomyPolitical Theory

Blog01/13/2017

Some products are best made in the USA, and some or not. Business themselves are the only ones in the position to make an informed choice on this.

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Jeff Sessions's Drug War May End What's Left of States' Rights

Legal SystemU.S. HistoryPolitical Theory

Blog01/10/2017

The Drug War has become a linchpin in the fight against continued federal centralization of power. Jeff Sessions is on the wrong side of the fight.

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Taxpayers Footing the Bill for the Inauguration Junkets

U.S. HistoryPolitical Theory

Blog01/10/2017

The inauguration events are nothing more than pro-government propaganda and fundraising. And, they will cost the taxpayers more than $100 million.

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The "Curse" of Labor-Saving Machinery Is Nothing New

Free MarketsWorld HistoryPolitical Theory

Blog01/10/2017

Amazon's new cashier-less and staff-less store is just the latest move in a long history of innovations that have made workers obsolete.

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What's the Correct Number of Women Commandos?

Taxes and SpendingWar and Foreign PolicyCalculation and Knowledge

Blog01/10/2017

The military can't rationally allocate resources because it can't properly determine prices for them.

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Italy Needs a Dose of Bugatti Capitalism

World HistoryPolitical Theory

"Bugatti capitalism," typified by hyper-inventiveness and cutting-edge technological prowess that changed the course of Italian industry.

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