Free Markets

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Ron Paul's Liberty Defined Now in Portuguese

Free MarketsPolitical Theory


Thanks to Helio Beltrão and Instituto Ludwig von Mises Brasil for Definindo a Liberdade, the...

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Pope Francis, Income Inequality, Poverty, and Capitalism

Free Markets


The criticisms of free markets in Pope Francis’s Apostolic Exhortation Evangelii Gaudium ("The Joy of the Gospel") have generated strong reactions around the world.


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VIDEO: Peter Klein Explains the Basics of Government-regulated Healthcare

Free MarketsHealth


Peter G. Klein explains how "Healthcare" would work, if it functioned in a free market.  


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And the Actual Customers....

Free Markets


Unlike clients of a government agency, customers of a commercial enterprise really are customers, representing potential profit, not cost. In contrast to the DMV sign I shared the other day, consider the sign below,...

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The Gold Standard that Never Was

Free MarketsGold StandardMoney and Banking


Thorsten Polleit delivered a speech at the Austrian Economics Research Conference entitled “The Gold Standard That Never Was.” Thorsten was...

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David Howden on the Euro

Free MarketsGold StandardMoney and Banking


David Howden is interviewed on the GoldMoney show with Andy Duncan.

"Howden thinks that the Euro will hold together in the short term, but he is rather pessimistic on the long term outlook of...

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The Anti-Utopianism of Private-Property Anarchism

Free MarketsPolitical TheoryPrivate Property


"As a reflection of this fundamental realism—anti-utopianism—of his private-property anarchism, Rothbard, unlike most contemporary political philosophers, accorded central importance to the subject of punishment.  For him, private property and the right to physical defense...

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Back alley organ transplants

Free MarketsHealthInterventionism


How do you create back alley organ transplants? Simple, just prohibit the buying and selling of human organs and then go all over the world trying to stop the market from working. Government payment for organs and control over distribution is no answer and would no doubt cause economic and...

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Free Trade versus Free-trade Agreements

Free MarketsValue and Exchange


The Mises Institute has consistently favored free trade--the real thing--while criticizing "free-trade agreements" as mercantilism in disguise. The position is a lonely one, except that looking back history we find that the Austrians were against trade agreements from the beginning,...

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IP = right to profits. Nothing more and nothing less.

Free MarketsCalculation and KnowledgeMoney and Banking


IP is the manifestation on creativity of an underlying Marxist theme: the labor theory of value.

What if I discover/invent something but others market it first? What if they market it better?

Am I not entitled to profits for my discovery or invention?Answering yes to the...

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