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Watching Iran

The US and Israeli governments have long wanted an excuse to militarily confront Iran, but it’s been a difficult situation. Now that there seems to be a popular uprising, a sudden collection of intense protests which even include some deaths, the Iranian government is under pressure to make zero mistakes. Any misstep could initiate foreign …

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Anti-German Propaganda and the Roots of Western Messianism

The title of this post certainly promises more than the post delivers. But after my previous excerpt on the matter of Churchill, I was motivated to follow it up with a few miscellaneous thoughts I’ve had as of recent. First, Hoppe mentioned in his celebration of Murray Rothbard earlier this year, that the two of …

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Skousen on the Tom Woods Show– The Bull Market in Stocks

A quick thought on Tom‘s Skousen podcast today. Skousen expressed dissent from the general tendency amongst Austrians to always be fearing the next financial bust, instead arguing that people ought to invest in the markets. He argues that the reason the US stock markets constantly do well year over year is because we are still …

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Hoppe on Milton Friedman and the Drift Toward Statism

From Natural Elites, Intellectuals, and the State: This seemingly unstoppable drift toward statism is illustrated by the fate of the so-called Chicago School: Milton Friedman, his predecessors, and his followers. In the 1930s and 1940s, the Chicago School was still considered left-fringe, and justly so, considering that Friedman, for instance, advocated a central bank and …

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Hans-Hermann Hoppe on the Long-Term Capital Effects of Taxation

From The Economics and Ethics of Private Property Taxation is a coercive, non-contractual transfer of definite physical assets (nowadays mostly, but not exclusively money), and the value embodied in them, from a person or group of persons who first held these assets and who could have derived an income from further holding them, to another, …

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Quote from Guido Hulsmann’s Mises Biography

Guido Hulsmann’s massive biography of Ludwig von Mises, entitled “Mises: The Last Knight of Liberalism” is a real gem. Liberalism in the title, of course, refers to the Old Liberalism, or classical liberalism, (pre-American Progressivist/socialist “liberalism.”) which taught the freedom of the individual against statism and political power– and more importantly at a historical level, developed the …

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There’s No Difference Between a Kind Capitalism and a Greedy Capitalism

I’m responding specifically to sentiments I’ve seen expressed in the conservative world as of recent. I’ve noticed there’s been a large injection lately of attempts to piously criticize a sort of “greedy” or “profit-oriented” capitalism. All of this is nonsense on stilts, built on the foundation of what Mises called the “Anti-capitalist mentality.” It is …

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Keynes as Convenient Justifier of State Power

Mises makes a great point on the role John Keynes’ works played with respect to justifying state power. Rothbard (and Hoppe) later extrapolated on this theme, and I think it is important to remember. In sum, “academics” like Keynes merely offer to the politicians exactly what they wanted to hear: that the accumulation of increased …

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The Court Economists: Justification for Power

Mises: The great economists were harbingers of new ideas. The economic policies they recommended were at variance with the policies practiced by contemporary governments and political parties. As a rule many years, even decades, passed before public opinion accepted the new ideas as propagated by the economists, and before the required corresponding changes in policies …

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