What the Burgeoning Trade War Really Means for Entrepreneurs

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By: Per Bylund President Donald Trump followed his announcement of steel and aluminum tariffs with a declaration that “trade wars are good, and easy to win” — a stance economists and members of his own political party immediately challenged. Not long after the U.S. announced its tariffs, international trading partners threatened retaliatory fees against American… Read More

60 Years of 'Government – An Ideal Concept'

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By: Gary Galles In 1958, Foundation for Economic Education guiding light, Leonard Read, presented a series of lectures in Argentina against the backdrop of an economy decimated by mis-government which shares a great deal with the same country six decades later. The lectures became a small book– Why Not Try Freedom?—an excellent encapsulation of Read’s… Read More

Forget Security Clearance, John Brennan Should Be Prosecuted

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By: Tho Bishop In the year 2018, it is not remotely shocking to see media attention shift seamlessly from reality show villains to former CIA directors. The Trump Administration’s announcement that it has revoked the security clearance for John Brennan, America’s former Communist-sympathetic spymaster, naturally resulted in a race to see who among the professional… Read More

Congress Has Become Very Good at Spending Money

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By: This week President Trump signed the 2019 National Defense Authorization Act, increasing America’s war budget to a whopping $717 billion. For comparison, this is roughly equal to the next 11 highest military budgets combined. In fact, the $107 billion increase from last year alone is roughly equal to the total military spending of Russia… Read More

The Mission of the Mises Institute, In One Paragraph

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By: Jeff Deist The mission of the Mises Institute, as presaged by Ludwig von Mises in his 1962 review of Murray Rothbard’s Man, Economy, and State:  If we want to avoid the destruction of Western civilization and the relapse into primitive wretchedness, we must change the mentality of our fellow citizens. We must make them realize what… Read More

Don't Fall for Tax Reform

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Please don't fall for tax reform.  It’s a con, and a shell game. It's a promise every presidential candidate makes, including Trump. But we ought to be suspicious of grandiose talk about Congress reforming anything. Tax reform proposals always evade and obscure the real issue, which is the total cost– financial, compliance, and human– taxes impose on society. The… Read More

How I Became a Gold-Bug

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My father was Hugo Salinas Rocha -“Salinas” was his father’s surname, and “Rocha” was his mother’s surname; the custom of using both parents’ surnames is universal in Latin America. Father was a successful merchant in Mexico City, and in the 1930’s he ran a store in downtown Mexico City. The store belonged to a company… Read More

The Political Left’s Shmoo Theory Of Education

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Submitted by Matthew McCaffrey via The Mises Institute, “Uneducated” is the favorite insult and excuse of the political left. In the past year alone, for example, a lack of education among voters has been used to explain each of the left’s electoral failures, as well as to dismiss criticisms of its people, policies, and institutions.… Read More