LMR – December 2016

Probably at no other time of the year except during Thanksgiving and Christmas are we made more aware of the consumer market and its enormous purchasing power. This is because these holidays have within them the impetus for the manufacturing, the buying and the selling of lots of goods. Yet, it is the average person’s decision to buy, or not to buy, that ultimately determines what should be produced and in what quantity and quality.

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LMR – November 2016

At the recent Freedom Advisor event in St. Louis, Carlos and I shared our thoughts on the U.S. economy in light of Donald Trump’s shocking election. After our discussion, one of the attendees said to me, “Bob, that was the most optimistic I’ve ever heard you!” It was true.

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LMR – October 2016

We live in a world where capitalism is increasingly seen as unjust. Socialism, on the other hand, is openly embraced as the most righteous ideology. Yet all those who reject capitalism on moral grounds by calling it an unfair system have no idea what capital is. What’s more, they have no idea how capital comes into existence, nor how it fits in the production process that yields widespread abundance.

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LMR – September 2016

This election is more vitriolic than any we can remember. Even Americans who are normally apathetic about politics are breaking friendships over this pair of deplorables. Trump’s critics point out that he is a boor, liar, and hardly a Christian role model in his business enterprises. Clinton’s critics point out that she is a criminal, liar, and hardly a peacemaker in her conduct of foreign policy. To all of which we say: You’re right.

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LMR – August 2016

It is common when we give lectures to the public that someone asks, “Are these people in DC evil, or just stupid?” One of us (Murphy) typically handles this question by responding, “Well, they’re not stupid…” and then letting the pregnant pause sink in. Humor aside, it is important to understand precisely what has gone wrong in academia and policy circles.

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LMR – July 2016

You have read and heard us say that when an unshakable belief is held by only 10% of the people it inevitably becomes the majority’s belief. But when the number of committed opinion holders is below 10 percent, there is no visible progress. It is only when that number grows to the 10 percent tipping point that this unshakable belief becomes a universal conversion.

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LMR – June 2016

In an excerpt —taken from a lecture Mises gave in Argentina in 1958—Mises put his finger on one of the key issues underlying not only the Brexit vote but also the current American election. Now Mises was a champion of classical liberalism and saw firsthand how the “passports, please” limitations on migration had gone hand in hand with the rise of socialism and fascism in Europe.

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LMR – May 2016

Card tricks and sleight of hand schemes have been entertaining audiences for centuries, but great magic tricks require much more than the talent to perform them. The magician must have the talent to control the audience.

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LMR – April 2016

Tyranny is difficult to establish in the beginning. This we have learned from great thinkers like Mises, Bastiat, Etienne De La Boetie and others. They tell us that most people, if they are given a choice, would much rather be free than a slave. The idea that it would be better to be ordered around by a single individual really makes no sense to a sound thinking person.

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LMR – March 2016

“Why do people obey the commands of the government, which always constitutes a small minority of the total population?” In 1553 Etienne De La Boetie, a young French law student and member of the ruling class, asked this intuitive question and then proceeded to answer it. In doing so he delved deeply into the nature of tyranny and into the nature of state rule itself. The insight he found is astonishing.

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