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Mises Institute

@mises

Everyone, in his own interests, must thrust himself vigorously into the intellectual battle. - Ludwig von Mises | ✉️ subscription below | IG: misesinstitute

Auburn, Alabama Katılım Ocak 2008
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Libertarian Party
Libertarian Party@LPNational·
A lot of people on this app still haven’t read Anatomy of the State and it shows
Libertarian Party@LPNational

What the State Is Not The State is almost universally considered an institution of social service. Some theorists venerate the State as the apotheosis of society; others regard it as an amiable, though often inefficient, organization for achieving social ends; but almost all regard it as a necessary means for achieving the goals of mankind, a means to be ranged against the “private sector” and often winning in this competition of resources. With the rise of democracy, the identification of the State with society has been redoubled, until it is common to hear sentiments expressed which violate virtually every tenet of reason and common sense such as, “we are the government.” The useful collective term “we” has enabled an ideological camouflage to be thrown over the reality of political life. If “we are the government,” then anything a government does to an individual is not only just and untyrannical but also “voluntary” on the part of the individual concerned. If the government has incurred a huge public debt which must be paid by taxing one group for the benefit of another, this reality of burden is obscured by saying that “we owe it to ourselves”; if the government conscripts a man, or throws him into jail for dissident opinion, then he is “doing it to himself” and, therefore, nothing untoward has occurred. Under this reasoning, any Jews murdered by the Nazi government were not murdered; instead, they must have “committed suicide,” since they were the government (which was democratically chosen), and, therefore, anything the government did to them was voluntary on their part. One would not think it necessary to belabor this point, and yet the overwhelming bulk of the people hold this fallacy to a greater or lesser degree. We must, therefore, emphasize that “we” are not the government; the government is not “us.” The government does not in any accurate sense “represent” the majority of the people. But, even if it did, even if 70 percent of the people decided to murder the remaining 30 percent, this would still be murder and would not be voluntary suicide on the part of the slaughtered minority. No organicist metaphor, no irrelevant bromide that “we are all part of one another,” must be permitted to obscure this basic fact. If, then, the State is not “us,” if it is not “the human family” getting together to decide mutual problems, if it is not a lodge meeting or country club, what is it? Briefly, the State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion. While other individuals or institutions obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet. Having used force and violence to obtain its revenue, the State generally goes on to regulate and dictate the other actions of its individual subjects. One would think that simple observation of all States through history and over the globe would be proof enough of this assertion; but the miasma of myth has lain so long over State activity that elaboration is necessary.

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White Metal Macro ✊🏼
Knowledge is free if you know where to look. The @mises institute is a wealth of free knowledge, and they’re giving away free books every month. Value is subjective, but in this case, it’s objectively better than anything the socialists contribute to economics.
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Creative Deduction
Creative Deduction@CreativeDeduct·
The most important economist of the 20th century is mostly ignored by both politicians and academia – and there is a good reason for that: Ludwig von Mises destroyed the idea that they should be in charge of the economy. While much of the economics profession fell in love with socialism and central planning, Mises stood virtually alone in defending reason, liberty and the free market – and he did so with unmatched clarity and courage. Mises made three revolutionary contributions that reshaped economic thought: Praxeology: He developed a deductive science of human action based on the self-evident truth that humans act purposefully. This method produces timeless, certain economic laws rather than fragile statistical correlations. The Economic Calculation Problem: He proved that socialism cannot work. Without private property and genuine market prices, rational resource allocation cannot occur. Central planners have no way to know what should be produced or in what quantities. Business Cycle Theory: Mises showed how central banks create artificial booms through credit expansion, which must end in recession. This theory remains the strongest explanation for financial crises and the boom-bust cycle. Beyond these technical achievements, Mises offered a powerful philosophical defence of capitalism as the only system consistent with human freedom and prosperity. He trained and inspired thinkers like Friedrich Hayek and Murray Rothbard, and his work provided the intellectual backbone for the post-war revival of classical liberalism. In an age when intellectuals were convinced that central planning represented the future, Mises insisted that only free markets, private property and sound money could sustain civilisation. Time has repeatedly vindicated him.
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GuateLibre Mises
GuateLibre Mises@Guate_Libre_·
A pesar de ser agnóstico, Rothbard reconocía al catolicismo como un pilar fundamental para la libertad. Parte del pensamiento de Rothbard fue influenciado por Santo Tomás de Aquino. Rothbard argumentó que el catolicismo sentó las bases para un "anarquismo universal" e individualista, en contraposición a un protestantismo que impulsó el nacionalismo y el culto al Estado. El desarrollo de la ley natural y el pensamiento tomista fueron un gran obstáculo para el absolutismo estatal. Schumpeter, de hecho, afirma que el individualismo comenzó en el pensamiento católico. Fueron los protestantes británicos (influidos por el calvinismo) quienes adoptaron la peligrosa "teoría del valor-trabajo", la misma que más tarde usaría el marxismo para justificar el estatismo. Para Rothbard el catolicismo fomenta un espíritu libertario (antidemocrático), mientras que el protestantismo fomenta el socialismo, el totalitarismo y un espíritu colectivista. El catolicismo se basa en la razón (objetiva) mientras que el protestantismo en las emociones (subjetivas) lo que los hace relativistas. El capitalismo floreció por primera vez en las ciudades católicas italianas del siglo XIV. Además, los teóricos más radicales del laissez-faire y el libre mercado en Europa continental (como los fisiócratas y Frédéric Bastiat) eran profundamente católicos. Según Rothbard, el origen del pensamiento económico premoderno no fue por los protestantes británicos ni Adam Smith, sino por la Escuela de Salamanca. Rothbard consideraba a estos clérigos como auténticos "proto-austriacos": los fundadores de la tradición económica que siglos después retomaría la Escuela Austriaca.
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Mises Institute
Mises Institute@mises·
What led to the creation of the Fed? How was it sold to the public? What was its actual aim? Who were the elites that changed US money and banking forever? Find these answers and more in Rothbard's Origins of the Federal Reserve. Get your free copy: mises.org/giveaway
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Mises Media
Mises Media@mises_media·
When the patient isn't the payer, that is when we have a fully broken healthcare system. @CharlesSauer on the entrepreneurs proving a real market still works: cash-price surgery, direct primary care, reverse-auction healthcare.
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Mises Media
Mises Media@mises_media·
State-controlled US medicine wasn't built on science. It was built to cut the number of doctors and raise their incomes. Licensing and the 1910 Flexner Report shut out homeopaths, women, and Black doctors. @TimothyTerrell
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Connor O'Keeffe
Connor O'Keeffe@connorokeeffe·
Price inflation "slowing" to 3.5% is not, in fact, evidence of a "strong economy."
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Mises Institute@mises·
Great Britain’s “Equality Act” is not simply a civil rights bill gone too far. It is, as Murray Rothbard would have put it, a “monstrous” piece of legislation that looks to create a social and economic equality that could never exist. | @WanjiruNjoya mises.org/mises-wire/uks…
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Mises Media
Mises Media@mises_media·
The US government spends more on healthcare as a percentage of GDP than Canada, Australia, Japan, or Sweden. Not total spending—government spending. The system Americans are told is too free-market already outspends the socialized systems it's compared to. @RyanMcMaken
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Mises Institute@mises·
Since abandoning socialism 30 years ago, Poland’s economy has grown, as one would expect with a market economy. However, there could be more economic freedom there that easily would translate into a booming economy. | Jeremy E. Powell mises.org/mises-wire/pol…
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Mises Media
Mises Media@mises_media·
The nationalists blamed liberty for the post-war depression. Rothbard traced the actual cause: $425 million in paper money printed on top of a $12 million base, fractional-reserve banks inflating credit, and wartime distortions demanding painful correction. soundcloud.com/misesmedia/the…
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Mises Institute@mises·
Carl Menger served as the tutor for Austrian-Hungary’s Crown Prince Rudolf, the only son of Emperor Franz Joseph. But Rudolph’s untimely death in 1889 would end up changing the ruling dynamics of pre-World War I Central Europe. | Justin M. Ptak mises.org/mises-wire/car…
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