European Unification as the New Frontier of Collectivism: The Case for Competitive Federalism and Polycentric Law

Frankfurt, Bremen, Hamburg, Luebeck are large and brilliant, and their impact on the prosperity of Germany is incalculable. Yet, would they remain what they are if they were to lose their independence and be incorporated?”— Johann Wolfgang von Goethe From the extent of our country, its diversified interests, different pursuits, and different habits, it is too obvious for argument that a single consolidated Government would be wholly inadequate to watch over and protect its interests; and every friend of our free institutions should be always prepared to maintain unimpaired and…

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As the Fed Powell Continues to Flail, Could an MMT Fed Chair Be Next?

Inflation in America continues to rise, and with it skepticism in Federal Reserve chairman Jay Powell’s insistence that increased prices are “transitory.” This double whammy of consumer pain and declining institutional confidence increases the odds of another challenge to the Fed’s current plans: a change in leadership. To date, there has been no indication from either Kamala Harris or Joe Biden that Jay Powell is likely to end up cashing his own covid-boosted unemployment benefits. While a political party losing control of the executive branch typically means a pink slip…

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Understanding Money Mechanics | Mises Institute

Contact Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian. His other works include Chaos Theory, Lessons for the Young Economist, and Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015) which is a modern distillation of the essentials of Mises’s thought for the layperson. Murphy is cohost, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman’s New York Times column.…

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Economy, Society, and History | Mises Institute

In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History. Over ten lectures, one each morning and afternoon for a week, Dr. Hoppe presented nothing short of a sweeping historical narrative and vision for a society rooted in markets and property. Delivered only from notes, to an audience of academics and intellectuals, the lectures showed astonishing depth and breadth.Even the most jaded scholars in the room were blown away by the erudition and scholarship of Hoppe’s presentation.…

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