
Mises Institute
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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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Card trading meets the requirements of Menger’s price theory. | Kevin Van Elswyk
mises.org/power-market/p…
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PREMIUM: Brokenomics | Austrian Economics with Jonathan Newman
@Kingbingo_ speaks with @NewmanJ_R of the @mises Institute about Austrian Economics.
Watch the video here: lotuseaters.com/premium-broken…

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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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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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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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What Is Austrian Economics?
Watch @Kingbingo_'s full Brokenomics video with @NewmanJ_R of the @mises Institute here: lotuseaters.com/premium-broken…
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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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Lolcows, part of the world of internet personalities, would seem well beyond the world of economic analysis. Yet, much of what happens can be explained by the paradigm of Austrian economics. | @NeoRothbardian
mises.org/mises-wire/aus…
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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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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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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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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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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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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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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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