Less Marx More Mises

Post persuasion America. The regime has dropped it's mask completely.

"Read Democracy: the God that Failed by Hans-Hermann Hoppe" - @moicanoufc

Renato "Sound Money" @moicanoufc beats the odds, upsets Benoit Saint Denis in his own country, and then spits a promo for Hoppe's Democracy The God That Failed. Warrior. *Some adult language*

During an interview with @RonPaul, Arizona Senate candidate @bgmasters credited reading Ludwig von Mises, Murray Rothbard, and Ron Paul's End the Fed for providing a better education on money and banking than he received at Stanford University.

Happy Birthday to Ludwig von Mises, a man who dedicated his life to saving civilization from the intellectual and political disasters of the 20th Century. He was the leading critic of the inflationism, managerialism, and authoritarianism that haunts the world today.

Happy Birthday, Ludwig von Mises. Help us celebrate: mises.org/$5

Ludwig von Mises has three of the top 10 economics books on Amazon currently.

Menos Marx Mais Mises 🔥🔥🔥 @moicanoufc

If you love your country, read Ludwig von Mises.

Read the article by Hayek referenced by @JMilei at this link: mises.org/library/use-knowle…

Source: mises.org/blog/candidate-tru… @RonPaul @RonPaulInstitut

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"Every socialist is a disguised dictator. Woe to all dissenters! They have forfeited their right to live and must be "liquidated."" - Ludwig von Mises, Human Action mises.org/library/human-acti…

> Moves to beef tallow fries. > Immediately Mises-posts Proceed ever more boldly, @steaknshake

What Vegas didn't understand is there was no way @moicanoufc was losing on Ludwig von Mises's birthday.

On this day in 1971, Nixon lied to the American people. The dollar's last link to gold was broken. Americans have been paying the price ever since. Inflation is theft. #EndTheFed

Renato Moicano: "If You Care About Your...Country, Read Ludwig von Mises." Read the book promoted by Brazilian fighter Renato @moicanoufc at UFC 300 for free. mises.org/mises-wire/renato-…

Happy Birthday @RonPaul!

"The essence of a credit-expansion boom is not overinvestment, but investment in wrong lines, i.e., malinvestment." - Ludwig von Mises, Human Action

Woodrow Wilson's Christmas Grift of 1913 | George Ford Smith Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since. mises.org/wire/woodrow-wilso…

We're going back to the gold standard, lads.

The Christmas truce, which occurred primarily between the British and German soldiers along the Western front in December 1914, is an event the official histories of the "Great War" leave out, and the Orwellian historians hide from the public. mises.org/library/christmas-…

This morning we took our case to @WSJ: it's time to #EndtheFed. Thank you to the following legislators who have signed on to the cause. @BasedMikeLee, @RepThomasMassie, @MattGaetz, @chiproytx, @andybiggs4az, @laurenboebert, @RepBrecheen, @timburchett, @EricBurlison, @RepKatCammack, @MichaelJCloud, @RepEliCrane, @RepJeffDuncan, @RepBobGood, @DrPaulGosar, @RepMTG, @RepHageman, @RepRalphNorman, @RepScottPerry, @RepKeithSelf, @RepSpartz, @RepTiffany, @RepRosendale, @CoryMillsFL, @GReschenthaler Who Needs the Fed? Perhaps nothing in financial news receives more attention than an announcement from the Federal Reserve. About eight times per year, the Federal Reserve’s Federal Open Market Committee meets to formally decide and announce its plans for monetary policy. Every announcement has the potential to cause a rally, or a rout, in financial markets. It makes sense that a mere announcement from the Fed has the power to move markets in a big way. The Fed wields vast power over interest rates, bank regulation, and the money supply. When it comes to policies that affect the everyday lives of nearly every American—and even countless people outside the United States—it is likely that no government institution is more powerful than America’s central bank, the Federal Reserve. Yet this institution works largely in secret, has never been audited by Congress, and is virtually never challenged by anyone in Washington or in the legacy media. In this era of eroding public trust in Congress, the presidency, the media, and even the military, it’s quite remarkable that the Federal Reserve faces so little scrutiny. Much of this is because the Fed’s supporters have for decades so successfully spread myths about how the Fed provides stability and prosperity. A closer look at the reality of the Fed reveals that the Fed does not benefit ordinary people nor does it make the economy more stable. Instead, the Fed was the primary source of the forty-year highs in inflation consisting of sharp spikes in food, housing, healthcare, and transportation prices. In many cases, rising prices outpaced wage growth, meaning that millions of American households—mostly those with lower incomes and fixed incomes—have experienced negative real income growth in recent years. Meanwhile, Fed policy has also driven inflation in real estate and equity prices, which has padded the portfolios of wealthy households, banks, and governments. The Fed may claim it is expertly managing the economy, but in 2024, it is still doing what it has been doing since it was established in 1913: creating more economic instability with seemingly endless crises such as we saw in 1953, 1957, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008, and 2020. The best we can say about the Fed is that it failed to prevent the Great Depression, the 1970s stagflation, and the Great Recession. But the Fed didn’t merely fail to prevent all this. The Fed created these economic disasters. The Fed claims—always without evidence—that everything “would have been worse” without the Fed. Yet history has shown that economic growth and a rising standard of living hardly depend on the existence of the Fed. Indeed, in the second half of the nineteenth century—when the nation had no central bank at all—America experienced an incredibly dynamic period of rising standards of living. Notably, this period was also characterized by deflation—something the Fed hates—which helped drive down the prices of goods and services, thus increasing real wages. The Fed today assures us that economic growth depends on inflation, which ultimately destroys the dollar’s purchasing power. The Fed has gone to great lengths to institutionalize inflation, in fact. Although Congress as recently as the 1980s instructed the Fed to seek a goal of 0 percent inflation, the Fed invented a totally arbitrary 2 percent inflation standard in the 1990s. Now, the Fed tells us that the economy needs 2 percent inflation at a minimum to keep the economy “stable.” Fed economists employ a variety of poorly devised economic theories to justify the Fed’s inflationary agenda. But politics, not economics, is the real driving force here. The incessant call for more monetary inflation and ultra-low interest rates serves to benefit certain influential and powerful interest groups at the expense of the beleaguered middle and working classes. As the Fed forces down interest rates to fuel more monetary inflation, governments are able to borrow more money at lower interest rates. Fed policy allows elected officials to expand government budgets and spending while minimizing the cost of maintaining huge federal deficits. Without the Fed, the runaway profligacy of the covid years would have never been possible—nor would we have had the surge in price inflation that followed. The government itself is the primary beneficiary here. The organizations that are on the receiving end of Washington’s financial favors—bailed-out banks and government contractors, for example—share in the windfall brought by spending newly created inflationary money. The same cannot be said of ordinary people further down the economic food chain, who experience rising prices without the easy largesse of the government class and its allies. Contrary to the many myths propping it up, the Federal Reserve has never been anything more than a tool of wealth redistribution that fuels economic inequality and government profligacy. The Fed’s mission has never been founded on sound economics. The Fed is beyond reform, and the time has come to finally end the Fed. This article appears as a full-page ad in the Wall Street Journal today, June 24, 2024, and was made possible by one of our generous donors. To receive a free copy of the booklet mentioned in the ad, visit Mises.org/WSJ.

Marxist socialists vociferously object to being classified under the same heading that includes Fascist Socialists and National Socialists. But as Mises showed, all distinctions between these groups are on the surface. Economically, they are united. mises.org/wire/nazis-were-no…

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End The Fed Learn why: mises.org/fire

"Even if we do not see our ideas triumph during our lifetime, we will know and be eternally proud that we gave it our all, and that we did what every honest and noble person had to do." - Hans-Hermann Hoppe Happy Birthday, Dr. Hoppe

"Friedman is not an economist. He’s a statistician.” - Mises on Milton Friedman

Read it for free! mises.org/library/book/anato…

"The members of the School of Salamanca would not have been fooled by the fallacies that dominate modern economic theory and policy today." mises.org/mises-wire/true-fo…

What has government done to our money?

Well earned, @RonPaul!

.@TuckerCarlson: "Why would the average person twenty years ago have a better sense about [the Fed] than, say, me, who was paid to follow the subject but wasn't. How did people know? @RonPaul: I got it from literature...the Mises Institute Tucker: Yes Ron: I think they're important people...I think the ideas are the most important.

Read like @JMilei Hayek's classic is available for free: mises.org/library/individual…

Happy Birthday @RonPaul!

In celebration of his birthday, a look at the life of Ludwig von Mises. Mises was born on Sept 29, 1881 in the city of Lemberg, Galicia, Austria-Hungary (now Lviv, Ukraine) Here's a photo of young Lu (center), with his brothers Karl (left) and Richard (right)

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"What causes #poverty? Nothing. It's the original state, the default and starting point. The real question is, What causes #prosperity?" - @PerBylund

Yes

Help support the work of the Mises Institute by becoming a member for just $5 a month (and receive 5 free gifts.) Mises.org/5for5 We're also available on Amazon Smils: smile.amazon.com/ref=smi_ext…

Fauci lied. The Fed lied. The notion of American democracy is a lie. mises.org/power-market/fauci…

The purpose of National Review was to capture the American Right for neoconservatism. The full story 👇 mises.org/library/book/betra…

No, Milei Is Not a Fascist | @praxben Despite the accusations that Javier Milei is a fascist in libertarian clothes, many of his reforms have been successful in reversing some of the damage done to Argentina's economy by real fascists. mises.org/mises-wire/no-mile…

Ludwig von Mises escaped Hitler in Europe, only to see their economic ideas spread in his new home. They continue to thrive today.

"I know only too well how hopeless it seems to convince impassioned supporters of the Socialistic Idea by logical demonstration that their views are preposterous and absurd. "I know too well that they do not want to hear, to see, or above all to think, and that they are open to no argument. "But new generations grow up with clear eyes and open minds. "And they will approach things from a disinterested, unprejudiced standpoint, they will weigh and examine, will think and act with forethought. "It is for them that this book is written." - Ludwig von Mises mises.org/library/socialism-…

This is huge. Thank you to our friends at @GroveCtyCollege for making available for the first time their 20,000-page archive of his papers. This is an incredible opportunity for those inspired by Ludwig von Mises to better study the man and his ideas.

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White pill: On Amazon right now, $40 Hoppe is currently outselling $6 Marx.

Javier Milei Ended a DC-Sized Deficit in...Nine Weeks | @profstonge How did he do it? Easy: he cut a host of central government agency budgets by 50% while slashing crony contracts and activist handouts. mises.org/wire/javier-milei-…

The Fed doesn't simply inflate away the value of the dollar, it erodes the culture of our society. End the Fed. mises.org/mises-wire/cultura…

The state is a predatory entity. It does not produce anything but rather steals resources from those engaged in production. mises.org/library/anatomy-st…

YouTube has removed @ThomasEWoods's video The Covid Cult from the @mises_media page.

End the Fed. Learn why: Mises.org/fire

"Liberty is always freedom from the government." - Ludwig von Mises

Thank you for your support, @RobSchneider. "In the long run even the most despotic governments with all their brutality are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant’s feet." - Mises

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Ludwig von Mises would agree with @elonmusk. The Nazis were not "Marxists", but they were socialists. mises.org/mises-wire/nazis-w…

Biden has proposed a new $200 tax on rifles and magazines, with a $10,000 fine for noncompliance. Registration involves filling out a thirteen-page form, with fingerprints and a photograph of yourself. | @DrMarkThornton mises.org/wire/joe-biden-wan…

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Happy Birthday Mises!

What Ludwig von Mises Thought About the Fall of the Roman Empire Knowledge of the effects of government interference with market prices makes us comprehend the economic causes of a momentous historical event, the decline of ancient civilization. It may be left undecided whether or not it is correct to call the economic organization of the Roman Empire capitalism. At any rate it is certain that the Roman Empire in the second century, the age of the Antonines, the “good” emperors, had reached a high stage of the social division of labor and of interregional commerce. Several metropolitan centers, a considerable number of middle-sized towns, and many small towns were the seats of a refined civilization. The inhabitants of these urban agglomerations were supplied with food and raw materials not only from the neighboring rural districts, but also from distant provinces. A part of these provisions flowed into the cities as revenue of their wealthy residents who owned landed property. But a considerable part was bought in exchange for the rural population’s purchases of the products of the city-dwellers’ processing activities. There was an extensive trade between the various regions of the vast empire. Not only in the processing industries, but also in agriculture there was a tendency toward further specialization. The various parts of the empire were no longer economically self-sufficient. They were mutually interdependent. What brought about the decline of the empire and the decay of its civilization was the disintegration of this economic interconnectedness, not the barbarian invasions. The alien aggressors merely took advantage of an opportunity which the internal weakness of the empire offered to them. From a military point of view the tribes which invaded the empire in the fourth and fifth centuries were not more formidable than the armies which the legions had easily defeated in earlier times. But the empire had changed. Its economic and social structure was already medieval. The freedom that Rome granted to commerce and trade had always been restricted. With regard to the marketing of cereals and other vital necessities it was even more restricted than with regard to other commodities. It was deemed unfair and immoral to ask for grain, oil, and wine, the staples of these ages, more than the customary prices, and the municipal authorities were quick to check what they considered profiteering. Thus the evolution of an efficient wholesale trade in these commodities was prevented. The policy of the annona, which was tantamount to a nationalization or municipalization of the grain trade, aimed at filling the gaps. But its effects were rather unsatisfactory. Grain was scarce in the urban agglomerations, and the agriculturists complained about the unremunerativeness of grain growing. The interference of the authorities upset the adjustment of supply to the rising demand. The showdown came when in the political troubles of the third and fourth centuries the emperors resorted to currency debasement. With the system of maximum prices the practice of debasement completely paralyzed both the production and the marketing of the vital foodstuffs and disintegrated society’s economic organization. The more eagerness the authorities displayed in enforcing the maximum prices, the more desperate became the conditions of the urban masses dependent on the purchase of food. Commerce in grain and other necessities vanished altogether. To avoid starving, people deserted the cities, settled on the countryside, and tried to grow grain, oil, wine, and other necessities for themselves. On the other hand, the owners of the big estates restricted their excess production of cereals and began to produce in their farmhouses—the villae—the products of handicraft which they needed. For their big-scale farming, which was already seriously jeopardized because of the inefficiency of slave labor, lost its rationality completely when the opportunity to sell at remunerative prices disappeared. As the owner of the estate could no longer sell in the cities, he could no longer patronize the urban artisans either. He was forced to look for a substitute to meet his needs by employing handicraftsmen on his own account in his villa. He discontinued big-scale farming and became a landlord receiving rents from tenants or sharecroppers. These coloni were either freed slaves or urban proletarians who settled in the villages and turned to tilling the soil. A tendency toward the establishment of autarky of each landlord’s estate emerged. The economic function of the cities, of commerce, trade, and urban handicrafts, shrank. Italy and the provinces of the empire returned to a less advanced state of the social division of labor. The highly developed economic structure of ancient civilization retrograded to what is now known as the manorial organization of the Middle Ages. The emperors were alarmed with that outcome, which undermined the financial and military power of their government. But their counteraction was futile as it did not affect the root of the evil. The compulsion and coercion to which they resorted could not reverse the trend toward social disintegration which, on the contrary, was caused precisely by too much compulsion and coercion. No Roman was aware of the fact that the process was induced by the government’s interference with prices and by currency debasement. It was vain for the emperors to promulgate laws against the city-dweller who “relicta civitate rus habitare maluerit.” The system of the leiturgia, the public services to be rendered by the wealthy citizens, only accelerated the retrogression of the division of labor. The laws concerning the special obligations of the shipowners, the navicularii, were no more successful in checking the decline of navigation than the laws concerning grain dealing in checking the shrinkage in the cities’ supply of agricultural products. The marvelous civilization of antiquity perished because it did not adjust its moral code and its legal system to the requirements of the market economy. A social order is doomed if the actions which its normal functioning requires are rejected by the standards of morality, are declared illegal by the laws of the country, and are prosecuted as criminal by the courts and the police. The Roman Empire crumbled to dust because it lacked the spirit of liberalism and free enterprise. The policy of interventionism and its political corollary, the Führer principle, decomposed the mighty empire as they will by necessity always disintegrate and destroy any social entity. From Human Action

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Argentina's @JMilei is proposing to “declare it an imprescriptible crime for the state and the central bank to monetize the public deficit and create inflation.” While it may be politically rejected, it does show the dangers of inflation. | @JHS_Oficial mises.org/mises-wire/brief-n…

In 1971, Nixon used a fiscal crisis to justify severing the dollar's last connection to gold. It was the same old story: "we must vastly expand government power because of a 'crisis.'" The government never gives up these new powers. | @NewmanJ_R mises.org/wire/how-nixon-and…

"It is noteworthy to remember that no other American milieu was more enthusiastic in the endorsement of communism than that of people cooperating in the production of...silly plays and films." - Ludwig von Mises mises.org/mises-wire/communi…

Happy Birthday Dr. @RonPaul!

Conventional progressive wisdom says that Nazism and Fascism were polar opposites to Communism. Yet, all of these totalitarian worldviews came from the same collectivist origins. | Amirhossein Ojaqfaqihi mises.org/mises-wire/nazism-…

Inflation is theft. Inflation is policy. Inflation is a choice. Time for something different. mises.org/fire

RIP, Walter Williams.

Happy Birthday @RonPaul! Share your favorite Ron Paul quote 👇

Thank you for joining us at #MisesU!

Trump's trade war doesn't mark the end of American "free trade." We didn't have free trade to begin with. @connorokeeffe explains:

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Viva la Libertad, carajo

The Mises Institute announced that Thomas DiLorenzo has been named its next president, following approval by its Board of Directors. DiLorenzo has a long and distinguished career as an academic economist, author, and speaker. He was Professor of Economics at Loyola University, Maryland, from 1992 to 2020. He served previously as the Probasco Chair of Free Enterprise at the University of Tennessee at Chattanooga, Assistant and Associate Professor of Economics at George Mason University, John M. Olin Visiting Professor of American Business at Washington University, St. Louis, and Assistant Professor of Economics at the State University of New York at Buffalo. A specialist in political economy, public choice economics, and economic history, his books include The Real Lincoln (2002) and Lincoln Unmasked (2008), Hamilton’s Curse (2009), The Politically Incorrect Guide to Economics (2022), How Capitalism Saved America (2004), Destroying Democracy (1985), Underground Government (1983), and many others. DiLorenzo’s research has been published in journals such as the American Economic Review, Public Choice, Southern Economic Journal, Economic Inquiry, Journal of Labor Research, and other outlets. DiLorenzo is a Senior Fellow of the Mises Institute and has been associated with the Institute for many decades. He received his Ph.D. in Economics from Virginia Polytechnic Institute and State University in 1979. “Tom DiLorenzo is a brilliant scholar, writer, and speaker and has long been dedicated to the Mises Institute’s mission,” said Lew Rockwell, Founder and Chairman of the Mises Institute. “We’re delighted that Dr. DiLorenzo will be joining us as our next president. His scholarship, leadership abilities, and commitment to the cause of liberty make him the ideal person to continue the excellent work of the Institute. He joins us after a thorough and comprehensive search led by the Board of Directors.” “The Mises Institute continues to be a beacon of liberty and the leading center of research, teaching, and outreach in the tradition of the Austrian School of economics,” said Peter Klein, chair of the search committee. “Tom has the academic and professional experience to spearhead this effort in the years to come.” Based in Auburn, Ala., and reporting to the Board of Directors, DiLorenzo will oversee all aspects of the Mises Institute’s programs and operations. “It is the honor of a lifetime to be entrusted with continuing the mission of the Mises Institute that Lew started forty-one years ago,” said DiLorenzo. “In the back of my mind I will always be thinking that Murray Rothbard and Ludwig von Mises are looking over my shoulder every day. In fact, I intend to have framed portraits of both of them on the wall behind my desk at the Institute. I am forever grateful to Lew and the board of directors for giving me this opportunity to expand the scope and impact of the Misesian/Rothbardian tradition of Austrian economic scholarship and education.”

"Winston Churchill was a Man of Blood and a politico without principle, whose apotheosis serves to corrupt every standard of honesty and morality in politics and history.” | @NewmanJ_R mises.org/mises-wire/truth-a…

So true!

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” - Henry Hazlitt

Love to see it.

"Government spending is not “investment” at all; it is simply money spent for the edification or the power of the unproductive ruling elite in the government. All government spending...is in reality consumption spending by politicians and bureaucrats." - Murray Rothbard

“The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.” ― Henry Hazlitt #EconomicsInOneTweet

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Historically accurate.

It is no crime to be ignorant of economics, which is a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud & vociferous opinion on economic subjects while remaining in this state of ignorance.- Rothbard

Mises knows.

The Coronavirus and financial meltdown have Americans questioning government and the Fed like never before.  Traffic at mises.org has never been higher.  We are grateful to our readers, fans, and supporters.

Get ready for the global debut of Playing With Fire: Money, Banking, and the Federal Reserve on October 12th. This documentary features some of the brightest minds in Austrian economics, looking at the history of money, the Federal Reserve, the consequences of post-2008 monetary policy, the government's inflationary response to covid, and what comes next. Our film will be available free on YouTube and other channels. Learn more at Mises.org/fire.

From Auburn, AL to Paris, France We're rooting for Renato Sound Money @moicanoufc tonight. Proceed Ever More Boldly.

Just in time for #misesu, the first copies of @PerBylund's Austrian economics primer have arrived. Let us know who you think most needs this book!

The Fed can't predict inflation. The Fed can't predict economic growth. The Fed can't even predict the Fed.