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The State’s Worst Atrocity

Just about everyone makes the perfunctory nod to the tragedy of war, that war is a last resort only, and that everyone regrets having to go to war. But war has been at the heart of much pro-government ideology, and remains so today.


Confusing Capitalism with Fractional Reserve Banking

Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today.


Mises Economics Blog

Mises Updates: The State’s Worst Atrocity
Mises Daily Thursday by Lew Rockwell: Just about everyone makes the perfunctory nod to the tragedy of war, that war is a last resort only, and that everyone regrets having to go to war. But war has been at the heart of much pro-government ideology ... More »

Ryan McMaken: Video: Mises Institute Review and Judge Napolitano Interview
Kal Molinet and Matt Battaglioli [Mises U alum, '13 and '14] bring you the News From Underground covering the Ludwig von Mises Institute experience for aspiring Austrian economists. Also included is a bonus interview with Judge Napolitano on ... More »

Joseph Salerno: The Ethanol Industry: An Engine of Economic Destruction
In his recent Mises Daily, Dave Albin admirably elucidates the tangle of unseen, long-run consequences that has resulted from uncoordinated government subsidies to the sugar, corn and ethanol industries.   But if we narrow our focus to the ... More »

Jeff Deist: Is Your Checking Account a Deposit Contract?
The blogger Bionic Mosquito has a post relating to today's Mises Daily article on fractional reserve.  Mosquito makes that point that modern deposit contracts are not bailments, with the depositor retaining ownership. Instead, the indiv ... More »

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In the Mises Store

The Law

How is it that the law enforcer itself does not have to keep the law? How is it that the law permits the state to lawfully engage in actions which, if undertaken by individuals, would land them in j... More »

Principles of Economics - Pocket Edition

This edition is absolutely gorgeous - handy, economical, and beautifully printed. We've never had an edition of this core work that is so nicely done. In the beginning, there was Menger. It was t... More »

Mystery of Banking, The

Readers of The Mystery of Banking will find that money and banking are, contrary to what the book’s title might suggest, no longer a mystery to them. Textbooks on money and banking are often... More »

Newly Updated E-books

America's Great Depression

Education: Free and Compulsory

Forty Centuries of Wage and Price Controls: How Not to Fight Inflation

Liberalism: In the Classical Tradition

Toward a Libertarian Society



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