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The Free Market 24, no. 12 ( 2004) The democracy of the market is not the democracy that Plato spoke of in his Republic (c. 370 BC) as "a charming form of government, full of variety and disorder, and dispensing a

Twenty twenty was the year college changed forever. How many US universities have been mortally wounded? Covid was the pretense. But the writing was on the wall for decades. Skyrocketing tuition. Useless majors and degrees. Leftist ideologues masquerading as professors. Woke

We're beginning to see some early attempts by private firms to provide simple, affordable private security beyond wealthy or corporate clients.  Original Article: "Private Security Apps May Be the Future of Neighborhood Policing" This Audio Mises Wire is generously sponsored by Christopher

The average American can be forgiven for assuming that he or she can freely criticize the government and government personnel without fear of being sued by the government for libel or slander. This is indeed true most of the time. But

“If the market continues to see wild swings based on Elon Musk tweets, it’s going to be a big setback for this asset class,” Matt Maley, chief market strategist for Miller Tabak + Co. told Bloomberg. “The fact that it

Throughout much of human history, a political ruler was often considered to be only as good as his ability to distribute gifts, booty, and other material rewards to his most valuable and loyal servants. In the “barbarian” days of northern Europe,

[This article is excerpted from chapter 17 of Human Action.] Men have chosen the precious metals gold and silver for the money service on account of their mineralogical, physical, and chemical features. The use of money in a market economy is

The British Austrian economist W.H. Hutt was a great critic of Keynes’s economic theories. However, his speculations on why the New Economics revolution happened are even more fascinating. Hutt shows it to be a fundamentally dishonest undertaking. Keynes held a

From the Late Middle Ages to the nineteenth century, Europe transitioned from being one of the most backward regions in the world and became the world’s economic powerhouse. How did this happen? One reason, as shown by Ralph Raico, is Europe’s unusual

What does it mean to act "on the margin" or to think in terms of "marginality?" Economists use the term often. The Mises Circle in interwar Vienna even had songs with refrains that included the words "marginal utility." On the very