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"
    data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-03/Federal%20Scale.jpg.webp?h=6eea91f1&amp;itok=P_7Az3mI 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-03/Federal%20Scale.jpg.webp?h=6eea91f1&amp;itok=ez2u4KMR 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-03/Federal%20Scale.jpg.webp?h=6eea91f1&amp;itok=EvpEVx1b 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2025-03/Federal%20Scale.jpg.webp?h=6eea91f1&amp;itok=rJxZDsFG 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2025-03/Federal%20Scale.jpg.webp?h=6eea91f1&amp;itok=nsZKYYdS 1530w"
     loading="lazy" alt="An American eagle on a weigh scale holding bags of money one says yay the other says nay, equal weight" width="650" height="365" data-multiplier="1x" data-ratio="16:9" class="easy-lqp-image"
    />
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      <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight">
        <a href="/mises-wire/look-behind-feds-curtains"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    A Look Behind the Fed’s Curtains</a>

      </h2>
              <div class="font-myriad text-base my-3.5 teaser" >
          
            <div><p>Jonathan Newman was present as one of the Federal Reserve governors gave a talk and was able to ask questions. It seems there is not much behind the Fed’s technocratic veneer.</p></div>
      
        </div>
            <div  data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap items-center gap-1 mb-1.5 font-semibol">
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  <time datetime="2026-04-23T05:02:12Z">04/23/2026</time>

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              <span aria-hidden="true">&bull;</span>
        <span class="mises-link">
  <a href="/mises-wire" hreflang="en">Mises Wire</a>
</span>
                                                                                                                                                                            <span aria-hidden="true">&bull;</span>
        <span class="mises-link"><a href="/profile/jonathan-newman" hreflang="en">Jonathan Newman</a></span>
                                  </div>

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  </article>
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        <a href="/mises-wire/why-trumps-populism-failed" class="max-w-full w-full">
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  <img
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     loading="lazy" alt="The US Pentagon in Washington, DC" width="650" height="365" data-multiplier="1x" data-ratio="16:9" class="easy-lqp-image"
    />
</picture>


        </div>
      </a>
    </section>
    <section class="-lg:col-span-12 col-span-6 flex flex-col">
    <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight">
      <a href="/mises-wire/rothbard-was-right-libertarians-must-never-warm-warfare-state"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Rothbard Was Right: Libertarians Must Never Warm to the Warfare State</a>

    </h2>
          <div class="font-myriad text-base my-2">
        A foreign policy that seeks to maintain a global empire is entirely incompatible with the laissez-faire, free-market system at home that many hawkish self-described libertarians claim to support.
      </div>
        <div  data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap items-center gap-1 mb-1.5 font-semibol">
      <span>
  <time datetime="2026-04-22T05:02:23Z">04/22/2026</time>

</span>
                                                                                                                                                                              <span aria-hidden="true">&bull;</span>
        <span class="mises-link"><a href="/profile/connor-okeeffe" hreflang="en">Connor O&#039;Keeffe</a></span>
                                  </div>

  </section>
</article>


              
  

<article data-component-id="mises:card-image-title-teaser-latest-6-articles" class="-lg:mb-[30px] mb-10 last:mb-0 grid gap-6 grid-cols-12">
  
      <section class="-lg:col-span-12 col-span-6 flex">
      <a href="/mises-wire/who-pays-hormuz-toll" class="max-w-full w-full">
        <div class="border-t-4 md:border-t-8  border-misesBlue border-top-style: solid">
          


          
<picture class="easy-lqp-picture">
  <img
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     loading="lazy" alt="muz" width="650" height="365" data-multiplier="1x" data-ratio="16:9" class="easy-lqp-image"
    />
</picture>


        </div>
      </a>
    </section>
    <section class="-lg:col-span-12 col-span-6 flex flex-col">
    <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight">
      <a href="/mises-wire/who-pays-hormuz-toll"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Who Pays the Hormuz Toll?</a>

    </h2>
          <div class="font-myriad text-base my-2">
        According to Rothbard’s first law of incidence, “<em>no tax can be shifted forward</em>.” That is, the person or company paying the tax cannot make the buyer pay the tax.&nbsp;
      </div>
        <div  data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap items-center gap-1 mb-1.5 font-semibol">
      <span>
  <time datetime="2026-04-21T14:02:22Z">04/21/2026</time>

</span>
                                                                                                                                                                              <span aria-hidden="true">&bull;</span>
        <span class="mises-link"><a href="/profile/kristoffer-mousten-hansen" hreflang="en">Kristoffer Mousten Hansen</a></span>
                                  </div>

  </section>
</article>


              
  

<article data-component-id="mises:card-image-title-teaser-latest-6-articles" class="-lg:mb-[30px] mb-10 last:mb-0 grid gap-6 grid-cols-12">
  
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      <a href="/mises-wire/raico-ekirch-and-tragedy-american-militarism" class="max-w-full w-full">
        <div class="border-t-4 md:border-t-8  border-misesBlue border-top-style: solid">
          


          
<picture class="easy-lqp-picture">
  <img
    src="data:image/jpeg;base64,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"
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    />
</picture>


        </div>
      </a>
    </section>
    <section class="-lg:col-span-12 col-span-6 flex flex-col">
    <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight">
      <a href="/mises-wire/raico-ekirch-and-tragedy-american-militarism"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Raico, Ekirch, and the Tragedy of American Militarism</a>

    </h2>
          <div class="font-myriad text-base my-2">
        In dealing with the question of why the United States, a country founded on liberty, turned into a militaristic behemoth, Ralph Raico looked to the work of historian Arthur Ekirch for answers.
      </div>
        <div  data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap items-center gap-1 mb-1.5 font-semibol">
      <span>
  <time datetime="2026-04-21T14:02:20Z">04/21/2026</time>

</span>
                                                                                                                                                                              <span aria-hidden="true">&bull;</span>
        <span class="mises-link"><a href="/profile/joseph-solis-mullen" hreflang="en">Joseph Solis-Mullen</a></span>
                                  </div>

  </section>
</article>


              
  

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<picture class="easy-lqp-picture">
  <img
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    <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight">
      <a href="/mises-wire/god-bless-captain-vere-when-constitutional-duty-yields-institutional-power"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    God Bless Captain Vere: When Constitutional Duty Yields to Institutional Power</a>

    </h2>
          <div class="font-myriad text-base my-2">
        With President Trump demanding people in the armed forces as well as in other government offices do his bidding no matter what the law might be, it is time for people to learn the lesson of Captain Vere.
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        <div  data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap items-center gap-1 mb-1.5 font-semibol">
      <span>
  <time datetime="2026-04-21T11:02:33Z">04/21/2026</time>

</span>
                                                                                                                                                                              <span aria-hidden="true">&bull;</span>
        <span class="mises-link"><a href="/profile/patrick-frise" hreflang="en">Patrick Frise</a></span>
                                  </div>

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</article>


              
  

<article data-component-id="mises:card-image-title-teaser-latest-6-articles" class="-lg:mb-[30px] mb-10 last:mb-0 grid gap-6 grid-cols-12">
  
      <section class="-lg:col-span-12 col-span-6 flex">
      <a href="/mises-wire/peaceful-nationalism-foundation-economic-liberalism" class="max-w-full w-full">
        <div class="border-t-4 md:border-t-8  border-misesBlue border-top-style: solid">
          


          
<picture class="easy-lqp-picture">
  <img
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    <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight">
      <a href="/mises-wire/peaceful-nationalism-foundation-economic-liberalism"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Peaceful Nationalism as a Foundation for Economic Liberalism</a>

    </h2>
          <div class="font-myriad text-base my-2">
        Ludwig von Mises Mises argues in <em>Nation, State, and Economy</em> that nationalism is compatible with economic and political liberty if it is peaceful, based on self-determination as an individual right.
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      <span>
  <time datetime="2026-04-21T05:02:21Z">04/21/2026</time>

</span>
                                                                                                                                                                              <span aria-hidden="true">&bull;</span>
        <span class="mises-link"><a href="/profile/wanjiru-njoya" hreflang="en">Wanjiru Njoya</a></span>
                                  </div>

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            <div>In this issue of <em>The Misesian</em>, Patrick Newman explores the many ways that Rothbard remains relevant to current economic and political controversies. And other articles, all of which are in the Rothbardian tradition.</div>
      
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    src="data:image/jpeg;base64,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"
    data-srcset="https://cdn.mises.org/styles/responsive_4_3_650w/s3/images/2026-03/SanDiego_EventGraphic.jpg.webp?h=e8ed248f&amp;itok=NLXYfE7v 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/images/2026-03/SanDiego_EventGraphic.jpg.webp?h=e8ed248f&amp;itok=922thaur 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/images/2026-03/SanDiego_EventGraphic.jpg.webp?h=e8ed248f&amp;itok=B4Hh_kam 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/images/2026-03/SanDiego_EventGraphic.jpg.webp?h=e8ed248f&amp;itok=nR0iySy9 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/images/2026-03/SanDiego_EventGraphic.jpg.webp?h=e8ed248f&amp;itok=E-zXFRO6 1530w"
     loading="lazy" alt="San Diego 2026 Circle" width="650" height="487" data-multiplier="1x" data-ratio="4:3" class="easy-lqp-image"
    />
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          <a href="/events/californias-decline-warning-america"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    California&#8217;s Decline: A Warning to America</a>

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                  fill="currentColor" class="bi bi-calendar4" viewBox="0 0 16 16" aria-hidden="true">
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                </svg>
                April 25, 2026
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                          <span aria-hidden="true">&bull;</span>
            
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                  fill="currentColor" class="bi bi-geo-alt" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M12.166 8.94c-.524 1.062-1.234 2.12-1.96 3.07A32 32 0 0 1 8 14.58a32 32 0 0 1-2.206-2.57c-.726-.95-1.436-2.008-1.96-3.07C3.304 7.867 3 6.862 3 6a5 5 0 0 1 10 0c0 .862-.305 1.867-.834 2.94M8 16s6-5.686 6-10A6 6 0 0 0 2 6c0 4.314 6 10 6 10"/>
                  <path d="M8 8a2 2 0 1 1 0-4 2 2 0 0 1 0 4m0 1a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/>
                </svg>
                San Diego, California
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                <svg xmlns="http://www.w3.org/2000/svg" width="14" height="14"
                  fill="currentColor" class="bi bi-tag" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M6 4.5a1.5 1.5 0 1 1-3 0a1.5 1.5 0 0 1 3 0m-1 0a.5.5 0 1 0-1 0a.5.5 0 0 0 1 0"/>
                  <path d="M2 1h4.586a1 1 0 0 1 .707.293l7 7a1 1 0 0 1 0 1.414l-4.586 4.586a1 1 0 0 1-1.414 0l-7-7A1 1 0 0 1 1 6.586V2a1 1 0 0 1 1-1m0 5.586 7 7L13.586 9l-7-7H2z"/>
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                <a href="/taxonomy/term/5454" hreflang="en">Mises Circle</a>
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<div class="prose max-w-none prose-headings:text-misesBlueDark first:prose-p:mt-0 first:prose-ol:mt-0 first:prose-ul:mt-0 first:prose-h2:mt-0 first:prose-h3:mt-0 first:prose-figure:mt-0 prose-th:font-bold prose-figure:my-1 prose-img:my-1 hover:prose-a:no-underline" data-component-id="mises:atom-body-copy">
  <p>California was once known as a powerhouse for entrepreneurs, the middle class, and businesses. Today, it's known for high taxes, bureaucrats, and leftwing billionaires. Is this a warning to the rest of America?&nbsp;</p>
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  </article>

  

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          <a href="/events/spring-campus-mises-book-clubs" class="block border-t-4 border-misesBlue">
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<picture class="easy-lqp-picture">
  <img
    src="data:image/jpeg;base64,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"
    data-srcset="https://cdn.mises.org/styles/responsive_4_3_650w/s3/images/2026-01/bookclub%20graphic.jpg.webp?h=e8ed248f&amp;itok=Y4UrA4HO 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/images/2026-01/bookclub%20graphic.jpg.webp?h=e8ed248f&amp;itok=ins4sToD 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/images/2026-01/bookclub%20graphic.jpg.webp?h=e8ed248f&amp;itok=3N0yUHoz 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/images/2026-01/bookclub%20graphic.jpg.webp?h=e8ed248f&amp;itok=YkAIWaVu 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/images/2026-01/bookclub%20graphic.jpg.webp?h=e8ed248f&amp;itok=-T83G8BX 1530w"
     loading="lazy" alt="Mises Book Club" width="650" height="487" data-multiplier="1x" data-ratio="4:3" class="easy-lqp-image"
    />
</picture>

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          <a href="/events/spring-campus-mises-book-clubs"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Spring Campus Mises Book Clubs</a>

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                  fill="currentColor" class="bi bi-calendar4" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M3.5 0a.5.5 0 0 1 .5.5V1h8V.5a.5.5 0 0 1 1 0V1h1a2 2 0 0 1 2 2v11a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V3a2 2 0 0 1 2-2h1V.5a.5.5 0 0 1 .5-.5M2 2a1 1 0 0 0-1 1v1h14V3a1 1 0 0 0-1-1zm13 3H1v9a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1z"/>
                </svg>
                <time datetime="2026-04-28T22:00:00Z">April 28, 2026</time>

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                          <span aria-hidden="true">&bull;</span>
            
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                  fill="currentColor" class="bi bi-geo-alt" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M12.166 8.94c-.524 1.062-1.234 2.12-1.96 3.07A32 32 0 0 1 8 14.58a32 32 0 0 1-2.206-2.57c-.726-.95-1.436-2.008-1.96-3.07C3.304 7.867 3 6.862 3 6a5 5 0 0 1 10 0c0 .862-.305 1.867-.834 2.94M8 16s6-5.686 6-10A6 6 0 0 0 2 6c0 4.314 6 10 6 10"/>
                  <path d="M8 8a2 2 0 1 1 0-4 2 2 0 0 1 0 4m0 1a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/>
                </svg>
                Various Locations
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                  fill="currentColor" class="bi bi-tag" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M6 4.5a1.5 1.5 0 1 1-3 0a1.5 1.5 0 0 1 3 0m-1 0a.5.5 0 1 0-1 0a.5.5 0 0 0 1 0"/>
                  <path d="M2 1h4.586a1 1 0 0 1 .707.293l7 7a1 1 0 0 1 0 1.414l-4.586 4.586a1 1 0 0 1-1.414 0l-7-7A1 1 0 0 1 1 6.586V2a1 1 0 0 1 1-1m0 5.586 7 7L13.586 9l-7-7H2z"/>
                </svg>
                <a href="/taxonomy/term/5455" hreflang="en">Seminar</a>
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<div class="prose max-w-none prose-headings:text-misesBlueDark first:prose-p:mt-0 first:prose-ol:mt-0 first:prose-ul:mt-0 first:prose-h2:mt-0 first:prose-h3:mt-0 first:prose-figure:mt-0 prose-th:font-bold prose-figure:my-1 prose-img:my-1 hover:prose-a:no-underline" data-component-id="mises:atom-body-copy">
  <p>This spring, students from across the US are participating in Mises Book Clubs led by scholars at various universities and colleges. These student groups promote deep reading in Austrian economics.</p>
</div>

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          <a href="/events/research-fellowship-residence-2026" class="block border-t-4 border-misesBlue">
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  <img
    src="data:image/jpeg;base64,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"
    data-srcset="https://cdn.mises.org/styles/responsive_4_3_650w/s3/images/2026-01/Fellows%20Graphic.jpg.webp?h=e8ed248f&amp;itok=blWCPSTP 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/images/2026-01/Fellows%20Graphic.jpg.webp?h=e8ed248f&amp;itok=Toc19Pzh 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/images/2026-01/Fellows%20Graphic.jpg.webp?h=e8ed248f&amp;itok=PxjzioBq 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/images/2026-01/Fellows%20Graphic.jpg.webp?h=e8ed248f&amp;itok=sxG0QrlM 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/images/2026-01/Fellows%20Graphic.jpg.webp?h=e8ed248f&amp;itok=Gi75IlnF 1530w"
     loading="lazy" alt="Fellowship in Residence" width="650" height="487" data-multiplier="1x" data-ratio="4:3" class="easy-lqp-image"
    />
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          <a href="/events/research-fellowship-residence-2026"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Research Fellowship in Residence 2026</a>

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                  fill="currentColor" class="bi bi-calendar4" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M3.5 0a.5.5 0 0 1 .5.5V1h8V.5a.5.5 0 0 1 1 0V1h1a2 2 0 0 1 2 2v11a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V3a2 2 0 0 1 2-2h1V.5a.5.5 0 0 1 .5-.5M2 2a1 1 0 0 0-1 1v1h14V3a1 1 0 0 0-1-1zm13 3H1v9a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1z"/>
                </svg>
                <time datetime="2026-05-11T15:00:00Z">May 11, 2026</time>

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                          <span aria-hidden="true">&bull;</span>
            
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                  fill="currentColor" class="bi bi-geo-alt" viewBox="0 0 16 16" aria-hidden="true">
                  <path d="M12.166 8.94c-.524 1.062-1.234 2.12-1.96 3.07A32 32 0 0 1 8 14.58a32 32 0 0 1-2.206-2.57c-.726-.95-1.436-2.008-1.96-3.07C3.304 7.867 3 6.862 3 6a5 5 0 0 1 10 0c0 .862-.305 1.867-.834 2.94M8 16s6-5.686 6-10A6 6 0 0 0 2 6c0 4.314 6 10 6 10"/>
                  <path d="M8 8a2 2 0 1 1 0-4 2 2 0 0 1 0 4m0 1a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/>
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                Auburn, AL
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                          <span aria-hidden="true">&bull;</span>
            
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                  <path d="M6 4.5a1.5 1.5 0 1 1-3 0a1.5 1.5 0 0 1 3 0m-1 0a.5.5 0 1 0-1 0a.5.5 0 0 0 1 0"/>
                  <path d="M2 1h4.586a1 1 0 0 1 .707.293l7 7a1 1 0 0 1 0 1.414l-4.586 4.586a1 1 0 0 1-1.414 0l-7-7A1 1 0 0 1 1 6.586V2a1 1 0 0 1 1-1m0 5.586 7 7L13.586 9l-7-7H2z"/>
                </svg>
                <a href="/taxonomy/term/5455" hreflang="en">Seminar</a>
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<div class="prose max-w-none prose-headings:text-misesBlueDark first:prose-p:mt-0 first:prose-ol:mt-0 first:prose-ul:mt-0 first:prose-h2:mt-0 first:prose-h3:mt-0 first:prose-figure:mt-0 prose-th:font-bold prose-figure:my-1 prose-img:my-1 hover:prose-a:no-underline" data-component-id="mises:atom-body-copy">
  <p>Research Fellowships at the Mises Institute in Auburn, Alabama, are available to graduate students and post-docs interested in scientific research in the Austrian school and libertarian political economy.</p>
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          <a href="/events/rothbard-university"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">    Rothbard University</a>

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                <time datetime="2026-05-14T22:00:14Z">May 14, 2026</time>
 - <time datetime="2026-05-16T22:00:32Z">May 16, 2026</time>

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                Auburn, AL
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                <a href="/taxonomy/term/5452" hreflang="en">Conference</a>
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  <p>Join us as we commemorate the Year of Rothbard with a special conference.</p>
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                <a href="/complexity-liberty-vs-power"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline text-white font-crimson font-bold text-2xl">Complexity: Liberty vs. Power</a>

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            <div>Can we find freedom and opportunity in an uncertain future? This series explores the complex systems that shape our world.</div>
      
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"
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     loading="lazy" alt="American Empire" width="650" height="365" data-multiplier="1x" data-ratio="16:9" class="easy-lqp-image"
    />
</picture>

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      </a>
    </section>
    <section class="body-container">
                <h3 class="my-4">
                <a href="/america-republic-empire"  data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline text-white font-crimson font-bold text-2xl">America: From Republic to Empire</a>

      </h3>
              <div class="teaser-text-container font-myriad text-base text-white my-2">
        
            <div>&quot;War is the health of the state.&quot; —Randolph Bourne</div>
      
      </div>
      </section>
</article>


                    





<article data-component-id="mises:card-image-title-teaser-accordion" class="article-container mx-2 flex-1">
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