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Economic Progress Requires Long-Term Thinking

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Robert Luddy gave a lecture in sorely missed 2019 titled “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” Throughout his talk, it’s clear that Hazlitt has had a profound impact on Luddy—an entrepreneur who’s exhibited excellence for decades. How...

Cronyism, Not Welfare, Is China’s Big Problem

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After three decades of promarket reforms, extreme poverty in China has been virtually eradicated. So President Xi Jinping now has the leverage to shift his attention to reducing the wealth gap in Chinese society....

In a Free Economy, Prices Would Be Going down, Not Up

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Whenever politicians and media outlets discuss inflation, they invariably use the Consumer Price Index (CPI) as their measure. The CPI is only one of several price indices on top of the various measures of the...

How Media and Tech Elites Seized Control of Elections

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Mollie Hemingway, an editor of the online magazine The Federalist, calls our attention in this well-researched book to a problem of vital significance. She is a supporter of Donald Trump, though not an uncritical one,...

Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune

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Advocates for vaccine mandates—led by the Biden administration—are apparently unconcerned that the mandates are likely to drive down total employment and reduce access to government services. In many cases these are the same services that mandate-pushing...

What “Inflation” Really Means

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Most commentators label increases in the prices of goods and services over a period of time as inflation. Ludwig von Mises however, held that the popular definition of inflation is erroneous. He wrote in Economic...

Elizabeth Warren Is So Very Wrong about Inflation

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Almost anyone who follows social media is familiar with the latest tweets by Senator Elizabeth Warren, who has pronounced her verdict on higher food and gasoline prices: they are nothing less than the result of...

The Rise of the Sovereign State

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The first myth one has to debunk in order to assess the relationship between the provision of law and order and the rise of the (modern) State is that this political institution is merely...

Monetary Policy Is in Turmoil

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Monetary policy is in turmoil. Ever since the financial crisis erupted eight years ago,* major central banks have fundamentally reformed the way they create and absorb money. Their activism has failed to extinguish the fires....

Smallpox: The Historical Myths behind Mandatory Vaccines

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Throughout the corona “pandemic” the Holy Grail of public health officials has been vaccination: only by vaccinating enough people—first the elderly and infirm, then all adults, and now even children—can the nefarious virus be...