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Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”

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One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked out over the Ringstrasse (the main grand boulevard that encircles the center of Vienna). He said to his young friend and former student, Fritz Machlup, “Maybe grass will grow there, because our civilization will end.” He also wondered what would become of many of the Austrian School economists in Austria. He suggested to Machlup that, clearly, they would have to immigrate, perhaps, to Argentina, where they might find work in a Buenos Aires nightclub. Friedrich A. Hayek could be employed as the headwaiter, Mises said, while Machlup, no doubt, would be the nightclub’s resident gigolo. But what about Mises? He would have to look for work as the doorman, for what else, Mises asked, would he be qualified to do? It is worth recalling that in the mid-1920s, Mises had warned of the rise of “national ...

Come to Charleston!

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If you have ever wanted an excuse to visit Charleston, South Carolina, one of the most beautiful cities in the United States, you have it now! The Ron Paul Institute and The Future of Freedom Foundation are teaming up to present an exciting, timely, and critically important conference in Charleston — and during one of the best seasons of the year! The conference will be held on Sunday, April 29, from 1-5 p.m., which will enable you to come in on Friday or Saturday and visit Fort Sumter and go on a legendary tour of Charleston’s historic homes in a horse-drawn carriage. Four speakers: Former U.S. Congressman and GOP presidential candidate Ron Paul, Ron Paul Institute executive director Daniel McAdams, The Citadel’s BB&T Distinguished Professor of Ethics and Free Enterprise Leadership Richard Ebeling, and FFF founder and president Jacob Hornberger. Place: Mills House Wyndham Grand Hotel, 115 Meeting St., Charleston, South Carolina. Admission price: $5. Students: Free. The theme of ...

Collectivism’s Progress: From Marxism to Race and Gender Intersectionality

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By many objective signs and indicators the world is becoming a far more materially comfortable place. Over the last thirty years, tens of millions of people have been raised out of poverty in various parts of Asia, Africa and Latin America. At the same time, new technologies have been transforming communications and conveniences of everyday life. Yet, present political trends in America and other places in the world seem to be suggesting a far different story. Wherever degrees of market freedom exist anywhere around the globe there are amazing successes in creating wealth, opportunity and personal choice. But among many intellectuals and paternalistic ideologues every such improvement in the human condition is matched with condemnations and attempts to smother personal and economic liberty. Statist Trends Around the World, Including America For instance, the Chinese government and Communist Party leadership are proudly hailing its own brand of authoritarianism as a political model for the world, based on the silencing of disagreement and dissent ...

The Latest Conservative Argument for the Drug War

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The libertarian position on the government’s drug war is straightforward. There should be no laws at any level of government for any reason regarding the buying, selling, growing, processing, transporting, manufacturing, advertising, using, possessing, or “trafficking” of any drug for any reason. All government agencies devoted to fighting the war on drugs should be abolished and the war on drugs ...