CINXE.COM

<!DOCTYPE html> <html lang="en" dir="ltr" prefix="og: https://ogp.me/ns#" class="scroll-smooth"> <head> <meta charset="utf-8" /> <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-588JCSW'); </script> <meta name="description" content="The Mises Institute promotes teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the" /> <link rel="shortlink" href="https://mises.org/" /> <link rel="canonical" href="https://mises.org/" /> <meta property="og:site_name" content="Mises Institute" /> <meta property="og:description" content="With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of" /> <meta property="og:image" content="https://cdn.mises.org/Mises_1200x630_thumbnail_20190329.jpg" /> <meta property="og:image:url" content="https://cdn.mises.org/Mises_1200x630_thumbnail_20190329.jpg" /> <meta name="Generator" content="Drupal 10 (https://www.drupal.org)" /> <meta name="MobileOptimized" content="width" /> <meta name="HandheldFriendly" content="true" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <style>/*! tailwindcss v3.4.1 | MIT License | https://tailwindcss.com*/*,:after,:before{box-sizing:border-box;border:0 solid #e5e7eb}:after,:before{--tw-content:""}:host,html{line-height:1.5;-webkit-text-size-adjust:100%;-moz-tab-size:4;-o-tab-size:4;tab-size:4;font-family:ui-sans-serif,system-ui,sans-serif,Apple Color Emoji,Segoe UI Emoji,Segoe UI Symbol,Noto Color Emoji;font-feature-settings:normal;font-variation-settings:normal;-webkit-tap-highlight-color:transparent}body{margin:0;line-height:inherit}hr{height:0;color:inherit;border-top-width:1px}abbr:where([title]){-webkit-text-decoration:underline dotted;text-decoration:underline dotted}h1,h2,h3,h4,h5,h6{font-size:inherit;font-weight:inherit}a{color:inherit;text-decoration:inherit}b,strong{font-weight:bolder}code,kbd,pre,samp{font-family:ui-monospace,SFMono-Regular,Menlo,Monaco,Consolas,Liberation Mono,Courier New,monospace;font-feature-settings:normal;font-variation-settings:normal;font-size:1em}small{font-size:80%}sub,sup{font-size:75%;line-height:0;position:relative;vertical-align:initial}sub{bottom:-.25em}sup{top:-.5em}table{text-indent:0;border-color:inherit;border-collapse:collapse}button,input,optgroup,select,textarea{font-family:inherit;font-feature-settings:inherit;font-variation-settings:inherit;font-size:100%;font-weight:inherit;line-height:inherit;color:inherit;margin:0;padding:0}button,select{text-transform:none}[type=button],[type=reset],[type=submit],button{-webkit-appearance:button;background-color:initial;background-image:none}:-moz-focusring{outline:auto}:-moz-ui-invalid{box-shadow:none}progress{vertical-align:initial}::-webkit-inner-spin-button,::-webkit-outer-spin-button{height:auto}[type=search]{-webkit-appearance:textfield;outline-offset:-2px}::-webkit-search-decoration{-webkit-appearance:none}::-webkit-file-upload-button{-webkit-appearance:button;font:inherit}summary{display:list-item}blockquote,dd,dl,figure,h1,h2,h3,h4,h5,h6,hr,p,pre{margin:0}fieldset{margin:0}fieldset,legend{padding:0}menu,ol,ul{list-style:none;margin:0;padding:0}dialog{padding:0}textarea{resize:vertical}input::-moz-placeholder,textarea::-moz-placeholder{opacity:1;color:#9ca3af}input::placeholder,textarea::placeholder{opacity:1;color:#9ca3af}[role=button],button{cursor:pointer}:disabled{cursor:default}audio,canvas,embed,iframe,img,object,svg,video{display:block;vertical-align:middle}img,video{max-width:100%;height:auto}[hidden]{display:none}[multiple],[type=date],[type=datetime-local],[type=email],[type=month],[type=number],[type=password],[type=search],[type=tel],[type=text],[type=time],[type=url],[type=week],input:where(:not([type])),select,textarea{-webkit-appearance:none;-moz-appearance:none;appearance:none;background-color:#fff;border-color:#6b7280;border-width:1px;border-radius:0;padding:.5rem .75rem;font-size:1rem;line-height:1.5rem;--tw-shadow:0 0 #0000}[multiple]:focus,[type=date]:focus,[type=datetime-local]:focus,[type=email]:focus,[type=month]:focus,[type=number]:focus,[type=password]:focus,[type=search]:focus,[type=tel]:focus,[type=text]:focus,[type=time]:focus,[type=url]:focus,[type=week]:focus,input:where(:not([type])):focus,select:focus,textarea:focus{outline:2px solid #0000;outline-offset:2px;--tw-ring-inset:var(--tw-empty,/*!*/ /*!*/);--tw-ring-offset-width:0px;--tw-ring-offset-color:#fff;--tw-ring-color:#2563eb;--tw-ring-offset-shadow:var(--tw-ring-inset) 0 0 0 var(--tw-ring-offset-width) var(--tw-ring-offset-color);--tw-ring-shadow:var(--tw-ring-inset) 0 0 0 calc(1px + var(--tw-ring-offset-width)) var(--tw-ring-color);box-shadow:var(--tw-ring-offset-shadow),var(--tw-ring-shadow),var(--tw-shadow);border-color:#2563eb}input::-moz-placeholder,textarea::-moz-placeholder{color:#6b7280;opacity:1}input::placeholder,textarea::placeholder{color:#6b7280;opacity:1}::-webkit-datetime-edit-fields-wrapper{padding:0}::-webkit-date-and-time-value{min-height:1.5em;text-align:inherit}::-webkit-datetime-edit{display:inline-flex}::-webkit-datetime-edit,::-webkit-datetime-edit-day-field,::-webkit-datetime-edit-hour-field,::-webkit-datetime-edit-meridiem-field,::-webkit-datetime-edit-millisecond-field,::-webkit-datetime-edit-minute-field,::-webkit-datetime-edit-month-field,::-webkit-datetime-edit-second-field,::-webkit-datetime-edit-year-field{padding-top:0;padding-bottom:0}select{background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' fill='none' viewBox='0 0 20 20'%3E%3Cpath stroke='%236b7280' stroke-linecap='round' stroke-linejoin='round' stroke-width='1.5' d='m6 8 4 4 4-4'/%3E%3C/svg%3E");background-position:right .5rem center;background-repeat:no-repeat;background-size:1.5em 1.5em;padding-right:2.5rem;-webkit-print-color-adjust:exact;print-color-adjust:exact}[multiple],[size]:where(select:not([size="1"])){background-image:none;background-position:0 0;background-repeat:unset;background-size:initial;padding-right:.75rem;-webkit-print-color-adjust:unset;print-color-adjust:unset}[type=checkbox],[type=radio]{-webkit-appearance:none;-moz-appearance:none;appearance:none;padding:0;-webkit-print-color-adjust:exact;print-color-adjust:exact;display:inline-block;vertical-align:middle;background-origin:border-box;-webkit-user-select:none;-moz-user-select:none;user-select:none;flex-shrink:0;height:1rem;width:1rem;color:#2563eb;background-color:#fff;border-color:#6b7280;border-width:1px;--tw-shadow:0 0 #0000}[type=checkbox]{border-radius:0}[type=radio]{border-radius:100%}[type=checkbox]:focus,[type=radio]:focus{outline:2px solid #0000;outline-offset:2px;--tw-ring-inset:var(--tw-empty,/*!*/ /*!*/);--tw-ring-offset-width:2px;--tw-ring-offset-color:#fff;--tw-ring-color:#2563eb;--tw-ring-offset-shadow:var(--tw-ring-inset) 0 0 0 var(--tw-ring-offset-width) var(--tw-ring-offset-color);--tw-ring-shadow:var(--tw-ring-inset) 0 0 0 calc(2px + var(--tw-ring-offset-width)) var(--tw-ring-color);box-shadow:var(--tw-ring-offset-shadow),var(--tw-ring-shadow),var(--tw-shadow)}[type=checkbox]:checked,[type=radio]:checked{border-color:#0000;background-color:currentColor;background-size:100% 100%;background-position:50%;background-repeat:no-repeat}[type=checkbox]:checked{background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' fill='%23fff' viewBox='0 0 16 16'%3E%3Cpath d='M12.207 4.793a1 1 0 0 1 0 1.414l-5 5a1 1 0 0 1-1.414 0l-2-2a1 1 0 0 1 1.414-1.414L6.5 9.086l4.293-4.293a1 1 0 0 1 1.414 0z'/%3E%3C/svg%3E")}@media (forced-colors:active) {[type=checkbox]:checked{-webkit-appearance:auto;-moz-appearance:auto;appearance:auto}}[type=radio]:checked{background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' fill='%23fff' viewBox='0 0 16 16'%3E%3Ccircle cx='8' cy='8' r='3'/%3E%3C/svg%3E")}@media (forced-colors:active) {[type=radio]:checked{-webkit-appearance:auto;-moz-appearance:auto;appearance:auto}}[type=checkbox]:checked:focus,[type=checkbox]:checked:hover,[type=checkbox]:indeterminate,[type=radio]:checked:focus,[type=radio]:checked:hover{border-color:#0000;background-color:currentColor}[type=checkbox]:indeterminate{background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' fill='none' viewBox='0 0 16 16'%3E%3Cpath stroke='%23fff' stroke-linecap='round' stroke-linejoin='round' stroke-width='2' d='M4 8h8'/%3E%3C/svg%3E");background-size:100% 100%;background-position:50%;background-repeat:no-repeat}@media (forced-colors:active) {[type=checkbox]:indeterminate{-webkit-appearance:auto;-moz-appearance:auto;appearance:auto}}[type=checkbox]:indeterminate:focus,[type=checkbox]:indeterminate:hover{border-color:#0000;background-color:currentColor}[type=file]{background:unset;border-color:inherit;border-width:0;border-radius:0;padding:0;font-size:unset;line-height:inherit}[type=file]:focus{outline:1px solid ButtonText;outline:1px auto -webkit-focus-ring-color}:root{--color-misesBlue:#366e9c;--color-misesBlueHover:#00426b;--color-misesBlueDark:#00426b;--color-misesGreyBlue:#e4ebee;--color-misesGreyBlueLight:#f3f6f7;--color-misesGrey:#494e54;--color-misesGreyLight:#d9d9d9;--color-misesGreyDark:#1a1a1a;--color-misesGreen:#5a8131;--color-misesGreenLight:#5b7f39;--color-misesGreenDark:#3d5826}@font-face{font-family:Crimson;src:url(/themes/custom/mises/assets/fonts/crimson/crimsontext-roman-webfont.woff2) format("woff2"),url(/themes/custom/mises/assets/fonts/crimson/crimsontext-roman-webfont.woff) format("woff");font-weight:400;font-style:normal;font-display:swap}@font-face{font-family:Crimson;src:url(/themes/custom/mises/assets/fonts/crimson/CrimsonText-Semibold.woff2) format("woff2"),url(/themes/custom/mises/assets/fonts/crimson/CrimsonText-Semibold.woff) format("woff");font-weight:700;font-style:normal;font-display:swap}@font-face{font-family:Myriad Pro;src:url(/themes/custom/mises/assets/fonts/myriad/MYRIADPRO-REGULAR.woff2) format("woff2"),url(/themes/custom/mises/assets/fonts/myriad/MYRIADPRO-REGULAR.woff) format("woff");font-style:normal;font-weight:400;font-display:swap}@font-face{font-family:Myriad Pro;src:url(/themes/custom/mises/assets/fonts/myriad/MYRIADPRO-BOLD.woff2) format("woff2"),url(/themes/custom/mises/assets/fonts/myriad/MYRIADPRO-BOLD.woff) format("woff");font-style:normal;font-weight:700;font-display:swap}@font-face{font-family:Myriad Pro;src:url(/themes/custom/mises/assets/fonts/myriad/MYRIADPRO-SEMIBOLD.woff) format("woff"),url(/themes/custom/mises/assets/fonts/myriad/MYRIADPRO-SEMIBOLDIT.woff) format("woff");font-style:normal;font-weight:600;font-display:swap}.-translate-y-0,.-translate-y-0\.5,.-translate-y-1\/2,.atom-svg,.focus\:-translate-y-1,.group-\[\.open\]\:-rotate-45,.group-\[\.open\]\:rotate-45,.group-\[\.open\]\:translate-y-\[-0\.3rem\],.group-\[\.open\]\:translate-y-\[0\.7rem\],.group-open\/top\:-rotate-180,.group-open\:-rotate-180,.hover\:-translate-y-1,.rotate-0,.transform,.translate-x-\[-50\%\],.translate-y-0,.translate-y-0\.5,.translate-y-\[-50\%\]{--tw-translate-x:0;--tw-translate-y:0;--tw-rotate:0;--tw-skew-x:0;--tw-skew-y:0;--tw-scale-x:1;--tw-scale-y:1}.shadow,.shadow-lg,.shadow-md{--tw-ring-offset-shadow:0 0 #0000;--tw-ring-shadow:0 0 #0000;--tw-shadow:0 0 #0000;--tw-shadow-colored:0 0 #0000}.focus\:ring{--tw-ring-inset: ;--tw-ring-offset-width:0px;--tw-ring-offset-color:#fff;--tw-ring-color:#3b82f680;--tw-ring-offset-shadow:0 0 #0000;--tw-ring-shadow:0 0 #0000;--tw-shadow:0 0 #0000;--tw-shadow-colored:0 0 #0000}.blur,.filter,.primary-content:before{--tw-blur: ;--tw-brightness: ;--tw-contrast: ;--tw-grayscale: ;--tw-hue-rotate: ;--tw-invert: ;--tw-saturate: ;--tw-sepia: ;--tw-drop-shadow: }.container{width:100%;margin-right:auto;margin-left:auto;padding-right:1rem;padding-left:1rem}@media (min-width:1320px){.container{max-width:1320px}}@media (min-width:1536px){.container{max-width:1536px}}.prose{color:var(--tw-prose-body);max-width:65ch}.prose :where(p):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.25em;margin-bottom:1.25em}.prose :where([class~=lead]):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-lead);font-size:1.25em;line-height:1.6;margin-top:1.2em;margin-bottom:1.2em}.prose :where(a):not(:where([class~=not-prose],[class~=not-prose] *)){color:#00426b;text-decoration:underline;font-weight:500}.prose :where(strong):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-bold);font-weight:600}.prose :where(a strong):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(blockquote strong):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(thead th strong):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(ol):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:decimal;margin-top:1.25em;margin-bottom:1.25em;padding-left:1.625em}.prose :where(ol[type=A]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:upper-alpha}.prose :where(ol[type=a]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:lower-alpha}.prose :where(ol[type=A s]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:upper-alpha}.prose :where(ol[type=a s]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:lower-alpha}.prose :where(ol[type=I]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:upper-roman}.prose :where(ol[type=i]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:lower-roman}.prose :where(ol[type=I s]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:upper-roman}.prose :where(ol[type=i s]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:lower-roman}.prose :where(ol[type="1"]):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:decimal}.prose :where(ul):not(:where([class~=not-prose],[class~=not-prose] *)){list-style-type:disc;margin-top:1.25em;margin-bottom:1.25em;padding-left:1.625em}.prose :where(ol>li):not(:where([class~=not-prose],[class~=not-prose] *))::marker{font-weight:400;color:var(--tw-prose-counters)}.prose :where(ul>li):not(:where([class~=not-prose],[class~=not-prose] *))::marker{color:var(--tw-prose-bullets)}.prose :where(dt):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-headings);font-weight:600;margin-top:1.25em}.prose :where(hr):not(:where([class~=not-prose],[class~=not-prose] *)){border-color:var(--tw-prose-hr);border-top-width:1px;margin-top:3em;margin-bottom:3em}.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:inherit;font-style:normal;color:var(--tw-prose-quotes);quotes:"\201C""\201D""\2018""\2019";margin-top:1.6em;margin-bottom:1.6em;display:inline-block;background-color:#e4ebee80;padding:2.5rem 2rem 2.5rem 6rem;border:none}.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)) p:first-of-type{position:relative}.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)) p:last-of-type{margin-bottom:0}.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)) p:first-of-type:before{content:"“";color:var(--color-misesBlue);font-family:Crimson;position:absolute;top:0;left:-4.5rem;font-size:12rem;line-height:8rem;font-weight:700}.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)) p:first-of-type:after{content:none}@media (max-width:767px){.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:3rem}.prose :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)) p:first-of-type:before{font-size:4rem;line-height:3rem;left:-2rem}}.prose :where(blockquote p:first-of-type):not(:where([class~=not-prose],[class~=not-prose] *)):before{content:open-quote}.prose :where(blockquote p:last-of-type):not(:where([class~=not-prose],[class~=not-prose] *)):after{content:close-quote}.prose :where(h1):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-headings);font-weight:800;font-size:2.25em;margin-top:0;margin-bottom:.8888889em;line-height:1.1111111}.prose :where(h1 strong):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:900;color:inherit}.prose :where(h2):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-headings);font-weight:700;font-size:1.5em;margin-top:2em;margin-bottom:1em;line-height:1.3333333}.prose :where(h2 strong):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:800;color:inherit}.prose :where(h3):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-headings);font-weight:600;font-size:1.25em;margin-top:1.6em;margin-bottom:.6em;line-height:1.6}.prose :where(h3 strong):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:700;color:inherit}.prose :where(h4):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-headings);font-weight:600;margin-top:1.5em;margin-bottom:.5em;line-height:1.5}.prose :where(h4 strong):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:700;color:inherit}.prose :where(img):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:2em;margin-bottom:2em}.prose :where(picture):not(:where([class~=not-prose],[class~=not-prose] *)){display:block;margin-top:2em;margin-bottom:2em}.prose :where(kbd):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:500;font-family:inherit;color:var(--tw-prose-kbd);box-shadow:0 0 0 1px rgb(var(--tw-prose-kbd-shadows)/10%),0 3px 0 rgb(var(--tw-prose-kbd-shadows)/10%);font-size:.875em;border-radius:.3125rem;padding:.1875em .375em}.prose :where(code):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-code);font-weight:600;font-size:.875em}.prose :where(code):not(:where([class~=not-prose],[class~=not-prose] *)):before{content:"`"}.prose :where(code):not(:where([class~=not-prose],[class~=not-prose] *)):after{content:"`"}.prose :where(a code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(h1 code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(h2 code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit;font-size:.875em}.prose :where(h3 code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit;font-size:.9em}.prose :where(h4 code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(blockquote code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(thead th code):not(:where([class~=not-prose],[class~=not-prose] *)){color:inherit}.prose :where(pre):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-pre-code);background-color:var(--tw-prose-pre-bg);overflow-x:auto;font-weight:400;font-size:.875em;line-height:1.7142857;margin-top:1.7142857em;margin-bottom:1.7142857em;border-radius:.375rem;padding:.8571429em 1.1428571em}.prose :where(pre code):not(:where([class~=not-prose],[class~=not-prose] *)){background-color:initial;border-width:0;border-radius:0;padding:0;font-weight:inherit;color:inherit;font-size:inherit;font-family:inherit;line-height:inherit}.prose :where(pre code):not(:where([class~=not-prose],[class~=not-prose] *)):before{content:none}.prose :where(pre code):not(:where([class~=not-prose],[class~=not-prose] *)):after{content:none}.prose :where(table):not(:where([class~=not-prose],[class~=not-prose] *)){width:100%;table-layout:auto;text-align:left;margin-top:2em;margin-bottom:2em;font-size:.875em;line-height:1.7142857}.prose :where(thead):not(:where([class~=not-prose],[class~=not-prose] *)){border-bottom-width:1px;border-bottom-color:var(--tw-prose-th-borders)}.prose :where(thead th):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-headings);font-weight:600;vertical-align:bottom;padding-right:.5714286em;padding-bottom:.5714286em;padding-left:.5714286em}.prose :where(tbody tr):not(:where([class~=not-prose],[class~=not-prose] *)){border-bottom-width:1px;border-bottom-color:var(--tw-prose-td-borders)}.prose :where(tbody tr:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){border-bottom-width:0}.prose :where(tbody td):not(:where([class~=not-prose],[class~=not-prose] *)){vertical-align:initial}.prose :where(tfoot):not(:where([class~=not-prose],[class~=not-prose] *)){border-top-width:1px;border-top-color:var(--tw-prose-th-borders)}.prose :where(tfoot td):not(:where([class~=not-prose],[class~=not-prose] *)){vertical-align:top}.prose :where(figure>*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0;margin-bottom:0}.prose :where(figcaption):not(:where([class~=not-prose],[class~=not-prose] *)){color:var(--tw-prose-captions);font-size:.875em;line-height:1.4285714;margin-top:.8571429em}.prose{--tw-prose-body:#374151;--tw-prose-headings:#111827;--tw-prose-lead:#4b5563;--tw-prose-links:#111827;--tw-prose-bold:#111827;--tw-prose-counters:#6b7280;--tw-prose-bullets:#d1d5db;--tw-prose-hr:#e5e7eb;--tw-prose-quotes:#111827;--tw-prose-quote-borders:#e5e7eb;--tw-prose-captions:#6b7280;--tw-prose-kbd:#111827;--tw-prose-kbd-shadows:17 24 39;--tw-prose-code:#111827;--tw-prose-pre-code:#e5e7eb;--tw-prose-pre-bg:#1f2937;--tw-prose-th-borders:#d1d5db;--tw-prose-td-borders:#e5e7eb;--tw-prose-invert-body:#d1d5db;--tw-prose-invert-headings:#fff;--tw-prose-invert-lead:#9ca3af;--tw-prose-invert-links:#fff;--tw-prose-invert-bold:#fff;--tw-prose-invert-counters:#9ca3af;--tw-prose-invert-bullets:#4b5563;--tw-prose-invert-hr:#374151;--tw-prose-invert-quotes:#f3f4f6;--tw-prose-invert-quote-borders:#374151;--tw-prose-invert-captions:#9ca3af;--tw-prose-invert-kbd:#fff;--tw-prose-invert-kbd-shadows:255 255 255;--tw-prose-invert-code:#fff;--tw-prose-invert-pre-code:#d1d5db;--tw-prose-invert-pre-bg:#00000080;--tw-prose-invert-th-borders:#4b5563;--tw-prose-invert-td-borders:#374151;font-size:1rem;line-height:1.75}.prose :where(picture>img):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0;margin-bottom:0}.prose :where(video):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:2em;margin-bottom:2em}.prose :where(li):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.5em;margin-bottom:.5em}.prose :where(ol>li):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:.375em}.prose :where(ul>li):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:.375em}.prose :where(.prose>ul>li p):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.75em;margin-bottom:.75em}.prose :where(.prose>ul>li>:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.25em}.prose :where(.prose>ul>li>:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:1.25em}.prose :where(.prose>ol>li>:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.25em}.prose :where(.prose>ol>li>:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:1.25em}.prose :where(ul ul,ul ol,ol ul,ol ol):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.75em;margin-bottom:.75em}.prose :where(dl):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.25em;margin-bottom:1.25em}.prose :where(dd):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.5em;padding-left:1.625em}.prose :where(hr+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose :where(h2+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose :where(h3+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose :where(h4+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose :where(thead th:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:0}.prose :where(thead th:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-right:0}.prose :where(tbody td,tfoot td):not(:where([class~=not-prose],[class~=not-prose] *)){padding:.5714286em}.prose :where(tbody td:first-child,tfoot td:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:0}.prose :where(tbody td:last-child,tfoot td:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-right:0}.prose :where(figure):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:2em;margin-bottom:2em}.prose :where(.prose>:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose :where(.prose>:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:0}.prose :where([class~=align-left]):not(:where([class~=not-prose],[class~=not-prose] *)){margin-right:.5em}.prose :where([class~=align-right]):not(:where([class~=not-prose],[class~=not-prose] *)){margin-left:.5em}.prose :where([class~=align-center]):not(:where([class~=not-prose],[class~=not-prose] *)){width:-moz-fit-content;width:fit-content;margin-left:auto;margin-right:auto}.prose :where(img[class~=align-center]):not(:where([class~=not-prose],[class~=not-prose] *)){width:auto;display:inline-block;margin-left:auto;margin-right:auto}.prose :where(table thead td):not(:where([class~=not-prose],[class~=not-prose] *)){font-weight:700}.prose :where(a[class~=cta-button]):not(:where([class~=not-prose],[class~=not-prose] *)){display:inline-block;padding:.25em 1.25em;background-color:initial;border:1px solid #38709e;text-decoration:none;text-decoration-line:none}.prose :where(a[class~=cta-button]):not(:where([class~=not-prose],[class~=not-prose] *)):hover{color:#fff;background-color:#5b7f39;border-color:#5b7f39}.prose :where(a[class~=cta-button]):not(:where([class~=not-prose],[class~=not-prose] *)):focus{color:#fff;background-color:#5b7f39;border-color:#5b7f39}.prose :where(figure img):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:0}.prose :where(figure video):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:0}.prose :where(figure audio):not(:where([class~=not-prose],[class~=not-prose] *)){width:100%;margin-bottom:0}.prose :where([class~=media-oembed-content]):not(:where([class~=not-prose],[class~=not-prose] *)){width:100%}.prose :where(figure figcaption):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:-.25rem;text-align:center;background-color:#f3f6f7;padding-top:.75em;padding-bottom:.5em}.prose :where(blockquote[class~=simple]):not(:where([class~=not-prose],[class~=not-prose] *)){display:inline-block;margin-top:0;margin-bottom:0;background-color:unset;padding:0 2.5rem;border:none;font-style:normal;font-weight:inherit}.prose :where(blockquote[class~=simple]):not(:where([class~=not-prose],[class~=not-prose] *)) p:first-of-type:before{content:none}.prose :where(blockquote[class~=simple]):not(:where([class~=not-prose],[class~=not-prose] *)) p:first-of-type{position:relative}.prose :where(blockquote[class~=simple]):not(:where([class~=not-prose],[class~=not-prose] *)) p:last-of-type{margin-bottom:0}@media (max-width:767px){.prose :where(blockquote[class~=simple]):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:3rem}}.prose :where(.footnotes__item-wrapper p):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:.5em}.prose-lg{font-size:1.125rem;line-height:1.7777778}.prose-lg :where(p):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em;margin-bottom:1.3333333em}.prose-lg :where([class~=lead]):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:1.2222222em;line-height:1.4545455;margin-top:1.0909091em;margin-bottom:1.0909091em}.prose-lg :where(blockquote):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.6666667em;margin-bottom:1.6666667em;padding-left:1em}.prose-lg :where(h1):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:2.6666667em;margin-top:0;margin-bottom:.8333333em;line-height:1}.prose-lg :where(h2):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:1.6666667em;margin-top:1.8666667em;margin-bottom:1.0666667em;line-height:1.3333333}.prose-lg :where(h3):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:1.3333333em;margin-top:1.6666667em;margin-bottom:.6666667em;line-height:1.5}.prose-lg :where(h4):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.7777778em;margin-bottom:.4444444em;line-height:1.5555556}.prose-lg :where(img):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.7777778em;margin-bottom:1.7777778em}.prose-lg :where(picture):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.7777778em;margin-bottom:1.7777778em}.prose-lg :where(picture>img):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0;margin-bottom:0}.prose-lg :where(video):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.7777778em;margin-bottom:1.7777778em}.prose-lg :where(kbd):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.8888889em;border-radius:.3125rem;padding:.2222222em .4444444em}.prose-lg :where(code):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.8888889em}.prose-lg :where(h2 code):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.8666667em}.prose-lg :where(h3 code):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.875em}.prose-lg :where(pre):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.8888889em;line-height:1.75;margin-top:2em;margin-bottom:2em;border-radius:.375rem;padding:1em 1.5em}.prose-lg :where(ol):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em;margin-bottom:1.3333333em;padding-left:1.5555556em}.prose-lg :where(ul):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em;margin-bottom:1.3333333em;padding-left:1.5555556em}.prose-lg :where(li):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.6666667em;margin-bottom:.6666667em}.prose-lg :where(ol>li):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:.4444444em}.prose-lg :where(ul>li):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:.4444444em}.prose-lg :where(.prose-lg>ul>li p):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.8888889em;margin-bottom:.8888889em}.prose-lg :where(.prose-lg>ul>li>:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em}.prose-lg :where(.prose-lg>ul>li>:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:1.3333333em}.prose-lg :where(.prose-lg>ol>li>:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em}.prose-lg :where(.prose-lg>ol>li>:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:1.3333333em}.prose-lg :where(ul ul,ul ol,ol ul,ol ol):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.8888889em;margin-bottom:.8888889em}.prose-lg :where(dl):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em;margin-bottom:1.3333333em}.prose-lg :where(dt):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.3333333em}.prose-lg :where(dd):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:.6666667em;padding-left:1.5555556em}.prose-lg :where(hr):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:3.1111111em;margin-bottom:3.1111111em}.prose-lg :where(hr+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose-lg :where(h2+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose-lg :where(h3+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose-lg :where(h4+*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose-lg :where(table):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.8888889em;line-height:1.5}.prose-lg :where(thead th):not(:where([class~=not-prose],[class~=not-prose] *)){padding-right:.75em;padding-bottom:.75em;padding-left:.75em}.prose-lg :where(thead th:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:0}.prose-lg :where(thead th:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-right:0}.prose-lg :where(tbody td,tfoot td):not(:where([class~=not-prose],[class~=not-prose] *)){padding:.75em}.prose-lg :where(tbody td:first-child,tfoot td:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-left:0}.prose-lg :where(tbody td:last-child,tfoot td:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){padding-right:0}.prose-lg :where(figure):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:1.7777778em;margin-bottom:1.7777778em}.prose-lg :where(figure>*):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0;margin-bottom:0}.prose-lg :where(figcaption):not(:where([class~=not-prose],[class~=not-prose] *)){font-size:.8888889em;line-height:1.5;margin-top:1em}.prose-lg :where(.prose-lg>:first-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-top:0}.prose-lg :where(.prose-lg>:last-child):not(:where([class~=not-prose],[class~=not-prose] *)){margin-bottom:0}.mises-link,.mises-link a{--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity));text-decoration-line:none}.mises-link a:focus,.mises-link a:hover,.mises-link:focus,.mises-link:hover{--tw-text-opacity:1;color:rgb(56 112 158/var(--tw-text-opacity));text-decoration-line:underline}.cover-image img{position:absolute;top:0;left:0;height:100%;width:100%;-o-object-fit:cover;object-fit:cover}.fill-svg svg{width:100%;height:100%}img[data-ratio="16:9"]{aspect-ratio:16/9}img[data-ratio="3:2"]{aspect-ratio:3/2}img[data-ratio="6:9"]{aspect-ratio:6/9}img[data-ratio="1:1"]{aspect-ratio:1/1}img[data-ratio="4:3"]{aspect-ratio:4/3}img[data-ratio="17:22"]{aspect-ratio:17/22}.mises-page-background{--tw-bg-opacity:1;background-color:rgb(224 227 228/var(--tw-bg-opacity));background-image:url(https://cdn.mises.org/texture-body.svg)}.node-unpublished .primary-content{--tw-bg-opacity:1;background-color:rgb(255 241 242/var(--tw-bg-opacity))}.node-unpublished .primary-content:before{margin-top:.375rem;display:block;width:100%;text-align:center;font-size:3.75rem;line-height:1;--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity));--tw-drop-shadow:drop-shadow(0 4px 3px #00000012) drop-shadow(0 2px 2px #0000000f);filter:var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow);--tw-content:"UNPUBLISHED";content:var(--tw-content)}.mises-print-hidden{display:none}@media (min-width:768px){.mises-print-hidden{display:grid}}form>div[id*=ajax-wrapper]{grid-column:span 4/span 4}.sidebar-menu__title{border-bottom:1px rgb(81 88 92/var(--tw-border-opacity));border-style:solid;--tw-border-opacity:0.25;padding:1rem 1.5rem;font-family:Crimson,serif;font-size:1.5rem;line-height:2rem;font-weight:300;letter-spacing:.025em}.sidebar-menu{background-color:#e4ebee73}.sidebar-menu ul{letter-spacing:.025em}.sidebar-menu ul li{display:block;font-size:1rem;line-height:1.5rem}.sidebar-menu .menu__link--has-children{cursor:pointer}.sidebar-menu ul li .menu__link-wrapper{position:relative;display:flex;width:100%;flex-direction:row;align-items:flex-end;justify-content:flex-start;border-bottom:1px rgb(81 88 92/var(--tw-border-opacity));border-style:solid;--tw-border-opacity:0.25;text-align:left;font-weight:600}.sidebar-menu ul li .menu__link{flex:1 1 0%;padding:.75rem 1.25rem;--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity));text-wrap:balance}.sidebar-menu ul li .menu__link:focus,.sidebar-menu ul li .menu__link:hover{--tw-text-opacity:1;color:rgb(91 127 57/var(--tw-text-opacity))}.sidebar-menu ul li .menu__link.is-active{--tw-border-opacity:1;border-color:rgb(90 129 49/var(--tw-border-opacity));--tw-bg-opacity:1;background-color:rgb(91 127 57/var(--tw-bg-opacity));--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.sidebar-menu ul li .menu__link--button,.sidebar-menu ul li .menu__link--nolink{position:relative;width:100%;text-align:left}.sidebar-menu ul li .menu__link-wrapper .atom-svg{position:absolute;top:50%;right:1rem;--tw-translate-y:-50%;transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y));--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity))}.sidebar-menu ul li .menu__link-wrapper .atom-svg:focus,.sidebar-menu ul li .menu__link-wrapper .atom-svg:hover{--tw-text-opacity:1;color:rgb(91 127 57/var(--tw-text-opacity))}.sidebar-menu ul li .menu__link-wrapper .atom-svg svg{height:1.5rem;width:1.5rem}.sidebar-menu ul li li .menu__link{padding-left:2rem}.sidebar-menu ul li li li .menu__link{padding-left:3.5rem}.sidebar-menu ul li li li li .menu__link{padding-left:5rem}.sidebar-menu ul li li li li li .menu__link{padding-left:6rem}.sidebar-menu li.menu__item--has-children>ul{visibility:hidden;display:none;opacity:0;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,-webkit-backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter,-webkit-backdrop-filter;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.sidebar-menu li.menu__item--has-children.menu__item--is-open>ul{visibility:visible;display:block;opacity:1}.sidebar-menu li.menu__item--has-children.menu__item--is-open>.menu__link--has-children.is-active{--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.sidebar-menu li.menu__item--has-children.menu__item--is-open>.menu__link-wrapper .atom-svg{--tw-rotate:90deg;transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y));--tw-text-opacity:1;color:rgb(91 127 57/var(--tw-text-opacity))}.sidebar-menu li.menu__item--has-children>.menu__link-wrapper .menu__link--has-children.is-active+.menu__link-icon-button--stand-alone .atom-svg{--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.mises-btn-blue{display:inline-flex;--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity));padding:.75rem 1.25rem;--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity));text-decoration-line:none!important;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,-webkit-backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter,-webkit-backdrop-filter;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.mises-btn-blue:focus,.mises-btn-blue:hover{--tw-bg-opacity:1;background-color:rgb(56 112 158/var(--tw-bg-opacity))}.mises-btn-green{display:inline-flex;--tw-bg-opacity:1;background-color:rgb(91 127 57/var(--tw-bg-opacity));padding:.75rem 1.25rem;--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity));text-decoration-line:none!important;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,-webkit-backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter,-webkit-backdrop-filter;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.mises-btn-green:focus,.mises-btn-green:hover{--tw-bg-opacity:1;background-color:rgb(61 88 38/var(--tw-bg-opacity))}.mises-btn-blue-outline{display:inline-flex;border-width:1px;--tw-border-opacity:1;border-color:rgb(0 66 107/var(--tw-border-opacity));background-color:initial;padding:.75rem 1.25rem;--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity));text-decoration-line:none!important;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,-webkit-backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter,-webkit-backdrop-filter;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.mises-btn-blue-outline:focus,.mises-btn-blue-outline:hover{--tw-border-opacity:1;border-color:rgb(56 112 158/var(--tw-border-opacity));--tw-bg-opacity:1;background-color:rgb(56 112 158/var(--tw-bg-opacity));--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.mises-btn-blue-outline-green-hover{display:inline-flex;border-width:1px;--tw-border-opacity:1;border-color:rgb(0 66 107/var(--tw-border-opacity));background-color:initial;padding:.75rem 1.25rem;--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity));text-decoration-line:none!important;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,-webkit-backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter,-webkit-backdrop-filter;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.mises-btn-blue-outline-green-hover:focus,.mises-btn-blue-outline-green-hover:hover{--tw-border-opacity:1;border-color:rgb(91 127 57/var(--tw-border-opacity));--tw-bg-opacity:1;background-color:rgb(91 127 57/var(--tw-bg-opacity));--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.simple-popup-blocks-global{.spb-popup-main-wrapper{width:100%;max-width:650px}.spb_top_center{top:2.5rem}}.view-filters{form{.form-actions{margin-top:1rem;margin-bottom:1rem}}}.sr-only{position:absolute;width:1px;height:1px;padding:0;margin:-1px;overflow:hidden;clip:rect(0,0,0,0);white-space:nowrap;border-width:0}.pointer-events-none{pointer-events:none}.visible{visibility:visible}.invisible{visibility:hidden}.absolute{position:absolute}.relative{position:relative}.inset-0{inset:0}.inset-y-0{top:0;bottom:0}.-left-4{left:-1rem}.-top-2{top:-.5rem}.-top-px{top:-1px}.bottom-0{bottom:0}.bottom-2{bottom:.5rem}.left-0{left:0}.left-2\/4{left:50%}.left-4{left:1rem}.right-0{right:0}.right-2{right:.5rem}.top-0{top:0}.top-1\/2{top:50%}.top-2{top:.5rem}.top-2\/4{top:50%}.top-\[-36px\]{top:-36px}.top-full{top:100%}.z-10{z-index:10}.z-50{z-index:50}.z-\[1\]{z-index:1}.z-\[2\]{z-index:2}.col-span-12{grid-column:span 12/span 12}.col-span-3{grid-column:span 3/span 3}.col-span-4{grid-column:span 4/span 4}.col-span-6{grid-column:span 6/span 6}.col-span-8{grid-column:span 8/span 8}.col-span-9{grid-column:span 9/span 9}.col-span-full{grid-column:1/-1}.col-start-4{grid-column-start:4}.row-span-2{grid-row:span 2/span 2}.row-start-2{grid-row-start:2}.clear-both{clear:both}.m-0{margin:0}.mx-0{margin-left:0;margin-right:0}.mx-14{margin-left:3.5rem;margin-right:3.5rem}.mx-2{margin-left:.5rem;margin-right:.5rem}.mx-\[-1rem\]{margin-left:-1rem;margin-right:-1rem}.mx-auto{margin-left:auto;margin-right:auto}.my-1{margin-top:.25rem;margin-bottom:.25rem}.my-1\.5{margin-top:.375rem;margin-bottom:.375rem}.my-12{margin-top:3rem;margin-bottom:3rem}.my-2{margin-top:.5rem;margin-bottom:.5rem}.my-3{margin-top:.75rem;margin-bottom:.75rem}.my-3\.5{margin-top:.875rem;margin-bottom:.875rem}.my-4{margin-top:1rem;margin-bottom:1rem}.my-5{margin-top:1.25rem;margin-bottom:1.25rem}.my-8{margin-top:2rem;margin-bottom:2rem}.my-9{margin-top:2.25rem;margin-bottom:2.25rem}.my-\[5px\]{margin-top:5px;margin-bottom:5px}.-mb-2{margin-bottom:-.5rem}.-mt-1{margin-top:-.25rem}.-mt-6{margin-top:-1.5rem}.mb-0{margin-bottom:0}.mb-1{margin-bottom:.25rem}.mb-1\.5{margin-bottom:.375rem}.mb-10{margin-bottom:2.5rem}.mb-2{margin-bottom:.5rem}.mb-3{margin-bottom:.75rem}.mb-4{margin-bottom:1rem}.mb-5{margin-bottom:1.25rem}.mb-6{margin-bottom:1.5rem}.mb-7{margin-bottom:1.75rem}.mb-8{margin-bottom:2rem}.mb-9{margin-bottom:2.25rem}.mb-\[60px\]{margin-bottom:60px}.ml-10{margin-left:2.5rem}.ml-2{margin-left:.5rem}.ml-2\.5{margin-left:.625rem}.ml-4{margin-left:1rem}.ml-auto{margin-left:auto}.mr-1{margin-right:.25rem}.mr-2{margin-right:.5rem}.mr-4{margin-right:1rem}.mr-5{margin-right:1.25rem}.mt-0{margin-top:0}.mt-1{margin-top:.25rem}.mt-2{margin-top:.5rem}.mt-3{margin-top:.75rem}.mt-4{margin-top:1rem}.mt-5{margin-top:1.25rem}.mt-6{margin-top:1.5rem}.mt-8{margin-top:2rem}.block{display:block}.inline-block{display:inline-block}.inline{display:inline}.flex{display:flex}.inline-flex{display:inline-flex}.table{display:table}.grid{display:grid}.contents{display:contents}.hidden{display:none}.aspect-4\/3{aspect-ratio:4/3}.aspect-\[16\/9\]{aspect-ratio:16/9}.aspect-\[4\/3\]{aspect-ratio:4/3}.aspect-video{aspect-ratio:16/9}.h-0{height:0}.h-1{height:.25rem}.h-11{height:2.75rem}.h-3{height:.75rem}.h-32{height:8rem}.h-4{height:1rem}.h-5{height:1.25rem}.h-6{height:1.5rem}.h-7{height:1.75rem}.h-8{height:2rem}.h-\[45px\]{height:45px}.h-\[4px\]{height:4px}.h-\[57px\]{height:57px}.h-\[70vh\]{height:70vh}.h-full{height:100%}.max-h-48{max-height:12rem}.max-h-\[25px\]{max-height:25px}.max-h-\[800px\]{max-height:800px}.max-h-max{max-height:-moz-max-content;max-height:max-content}.min-h-\[18rem\]{min-height:18rem}.min-h-\[500px\]{min-height:500px}.w-1\/4{width:25%}.w-11{width:2.75rem}.w-12{width:3rem}.w-14{width:3.5rem}.w-2\/6{width:33.333333%}.w-3{width:.75rem}.w-3\/4{width:75%}.w-3\/5{width:60%}.w-32{width:8rem}.w-4{width:1rem}.w-5{width:1.25rem}.w-6{width:1.5rem}.w-64{width:16rem}.w-7{width:1.75rem}.w-8{width:2rem}.w-\[151px\]{width:151px}.w-\[45px\]{width:45px}.w-full{width:100%}.min-w-\[15rem\]{min-width:15rem}.max-w-2xl{max-width:42rem}.max-w-5xl{max-width:64rem}.max-w-\[25px\]{max-width:25px}.max-w-\[368px\]{max-width:368px}.max-w-full{max-width:100%}.max-w-max{max-width:-moz-max-content;max-width:max-content}.max-w-none{max-width:none}.flex-1{flex:1 1 0%}.flex-none{flex:none}.flex-shrink{flex-shrink:1}.shrink-0{flex-shrink:0}.flex-grow,.grow{flex-grow:1}.-translate-y-0{--tw-translate-y:-0px}.-translate-y-0,.-translate-y-0\.5{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.-translate-y-0\.5{--tw-translate-y:-0.125rem}.-translate-y-1\/2{--tw-translate-y:-50%}.-translate-y-1\/2,.translate-x-\[-50\%\]{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.translate-x-\[-50\%\]{--tw-translate-x:-50%}.translate-y-0{--tw-translate-y:0px}.translate-y-0,.translate-y-0\.5{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.translate-y-0\.5{--tw-translate-y:0.125rem}.translate-y-\[-50\%\]{--tw-translate-y:-50%}.rotate-0,.translate-y-\[-50\%\]{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.rotate-0{--tw-rotate:0deg}.transform{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}@keyframes pulse{50%{opacity:.5}}.animate-pulse{animation:pulse 2s cubic-bezier(.4,0,.6,1) infinite}.cursor-pointer{cursor:pointer}.list-inside{list-style-position:inside}.list-disc{list-style-type:disc}.list-none{list-style-type:none}.appearance-none{-webkit-appearance:none;-moz-appearance:none;appearance:none}.auto-cols-\[250px\]{grid-auto-columns:250px}.grid-flow-col{grid-auto-flow:column}.grid-cols-1{grid-template-columns:repeat(1,minmax(0,1fr))}.grid-cols-12{grid-template-columns:repeat(12,minmax(0,1fr))}.grid-cols-2{grid-template-columns:repeat(2,minmax(0,1fr))}.grid-cols-3{grid-template-columns:repeat(3,minmax(0,1fr))}.grid-cols-4{grid-template-columns:repeat(4,minmax(0,1fr))}.grid-rows-1{grid-template-rows:repeat(1,minmax(0,1fr))}.grid-rows-2{grid-template-rows:repeat(2,minmax(0,1fr))}.flex-row{flex-direction:row}.flex-col{flex-direction:column}.flex-wrap{flex-wrap:wrap}.flex-nowrap{flex-wrap:nowrap}.items-start{align-items:flex-start}.items-center{align-items:center}.justify-start{justify-content:flex-start}.justify-end{justify-content:flex-end}.justify-center{justify-content:center}.justify-between{justify-content:space-between}.justify-items-start{justify-items:start}.justify-items-end{justify-items:end}.justify-items-center{justify-items:center}.gap-0{gap:0}.gap-1{gap:.25rem}.gap-1\.5{gap:.375rem}.gap-10{gap:2.5rem}.gap-12{gap:3rem}.gap-2{gap:.5rem}.gap-2\.5{gap:.625rem}.gap-3{gap:.75rem}.gap-4{gap:1rem}.gap-5{gap:1.25rem}.gap-6{gap:1.5rem}.gap-7{gap:1.75rem}.gap-8{gap:2rem}.gap-\[21px\]{gap:21px}.gap-\[30px\]{gap:30px}.gap-x-2{-moz-column-gap:.5rem;column-gap:.5rem}.gap-x-5{-moz-column-gap:1.25rem;column-gap:1.25rem}.space-y-2>:not([hidden])~:not([hidden]){--tw-space-y-reverse:0;margin-top:calc(.5rem*(1 - var(--tw-space-y-reverse)));margin-bottom:calc(.5rem*var(--tw-space-y-reverse))}.self-end{align-self:flex-end}.overflow-hidden{overflow:hidden}.overflow-x-auto{overflow-x:auto}.overflow-x-scroll{overflow-x:scroll}.scroll-smooth{scroll-behavior:smooth}.break-words{overflow-wrap:break-word}.break-all{word-break:break-all}.rounded{border-radius:.25rem}.rounded-full{border-radius:9999px}.rounded-none{border-radius:0}.rounded-sm{border-radius:.125rem}.rounded-b{border-bottom-right-radius:.25rem;border-bottom-left-radius:.25rem}.border{border-width:1px}.border-2{border-width:2px}.border-\[1px\]{border-width:1px}.border-x-0{border-left-width:0;border-right-width:0}.border-y{border-top-width:1px}.border-b,.border-y{border-bottom-width:1px}.border-l{border-left-width:1px}.border-r{border-right-width:1px}.border-r-0{border-right-width:0}.border-t{border-top-width:1px}.border-t-0{border-top-width:0}.border-t-4{border-top-width:4px}.border-t-8{border-top-width:8px}.border-solid{border-style:solid}.border-none{border-style:none}.border-black{--tw-border-opacity:1;border-color:rgb(0 0 0/var(--tw-border-opacity))}.border-blue-500{--tw-border-opacity:1;border-color:rgb(59 130 246/var(--tw-border-opacity))}.border-gray-300{--tw-border-opacity:1;border-color:rgb(209 213 219/var(--tw-border-opacity))}.border-misesBlue{--tw-border-opacity:1;border-color:rgb(54 110 156/var(--tw-border-opacity))}.border-misesBlueHover{--tw-border-opacity:1;border-color:rgb(0 66 107/var(--tw-border-opacity))}.border-misesGreyDark{--tw-border-opacity:1;border-color:rgb(26 26 26/var(--tw-border-opacity))}.border-misesGreyLight{--tw-border-opacity:1;border-color:rgb(217 217 217/var(--tw-border-opacity))}.border-teal-500{--tw-border-opacity:1;border-color:rgb(20 184 166/var(--tw-border-opacity))}.border-white{--tw-border-opacity:1;border-color:rgb(255 255 255/var(--tw-border-opacity))}.border-yellow-500{--tw-border-opacity:1;border-color:rgb(234 179 8/var(--tw-border-opacity))}.border-b-misesGreyLight{--tw-border-opacity:1;border-bottom-color:rgb(217 217 217/var(--tw-border-opacity))}.border-t-misesGreyLight{--tw-border-opacity:1;border-top-color:rgb(217 217 217/var(--tw-border-opacity))}.border-opacity-50{--tw-border-opacity:0.5}.bg-\[\#E0E3E408\]{background-color:#e0e3e408}.bg-\[\#d9e1e5\]{--tw-bg-opacity:1;background-color:rgb(217 225 229/var(--tw-bg-opacity))}.bg-\[\#ebf0f3\]{--tw-bg-opacity:1;background-color:rgb(235 240 243/var(--tw-bg-opacity))}.bg-\[rgba\(0\2c 0\2c 0\2c 0\.25\)\]{background-color:#00000040}.bg-black{--tw-bg-opacity:1;background-color:rgb(0 0 0/var(--tw-bg-opacity))}.bg-misesBlue{--tw-bg-opacity:1;background-color:rgb(54 110 156/var(--tw-bg-opacity))}.bg-misesBlueDark,.bg-misesBlueHover{--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity))}.bg-misesGreen{--tw-bg-opacity:1;background-color:rgb(90 129 49/var(--tw-bg-opacity))}.bg-misesGreenDark{--tw-bg-opacity:1;background-color:rgb(61 88 38/var(--tw-bg-opacity))}.bg-misesGreenLight{--tw-bg-opacity:1;background-color:rgb(91 127 57/var(--tw-bg-opacity))}.bg-misesGrey{--tw-bg-opacity:1;background-color:rgb(73 78 84/var(--tw-bg-opacity))}.bg-misesGreyBlue{--tw-bg-opacity:1;background-color:rgb(228 235 238/var(--tw-bg-opacity))}.bg-misesGreyBlue\/\[\.45\]{background-color:#e4ebee73}.bg-misesGreyBlueLight{--tw-bg-opacity:1;background-color:rgb(243 246 247/var(--tw-bg-opacity))}.bg-misesGreyDark{--tw-bg-opacity:1;background-color:rgb(26 26 26/var(--tw-bg-opacity))}.bg-misesGreyDarkish{--tw-bg-opacity:1;background-color:rgb(45 45 45/var(--tw-bg-opacity))}.bg-misesGreyLight{--tw-bg-opacity:1;background-color:rgb(217 217 217/var(--tw-bg-opacity))}.bg-misesGreyish{--tw-bg-opacity:1;background-color:rgb(81 88 92/var(--tw-bg-opacity))}.bg-transparent{background-color:initial}.bg-white{--tw-bg-opacity:1;background-color:rgb(255 255 255/var(--tw-bg-opacity))}.bg-opacity-50{--tw-bg-opacity:0.5}.bg-none{background-image:none}.bg-auto{background-size:auto}.fill-misesBlue{fill:#366e9c}.p-10{padding:2.5rem}.p-2{padding:.5rem}.p-3{padding:.75rem}.p-4{padding:1rem}.p-8{padding:2rem}.px-0{padding-left:0;padding-right:0}.px-1{padding-left:.25rem;padding-right:.25rem}.px-1\.5{padding-left:.375rem;padding-right:.375rem}.px-10{padding-left:2.5rem;padding-right:2.5rem}.px-2{padding-left:.5rem;padding-right:.5rem}.px-2\.5{padding-left:.625rem;padding-right:.625rem}.px-3{padding-left:.75rem;padding-right:.75rem}.px-4{padding-left:1rem;padding-right:1rem}.px-5{padding-left:1.25rem;padding-right:1.25rem}.px-6{padding-left:1.5rem;padding-right:1.5rem}.px-8{padding-left:2rem;padding-right:2rem}.px-\[20px\]{padding-left:20px;padding-right:20px}.px-\[3\%\]{padding-left:3%;padding-right:3%}.py-1{padding-top:.25rem;padding-bottom:.25rem}.py-1\.5{padding-top:.375rem;padding-bottom:.375rem}.py-10{padding-top:2.5rem;padding-bottom:2.5rem}.py-12{padding-top:3rem;padding-bottom:3rem}.py-14{padding-top:3.5rem;padding-bottom:3.5rem}.py-2{padding-top:.5rem;padding-bottom:.5rem}.py-3{padding-top:.75rem;padding-bottom:.75rem}.py-4{padding-top:1rem;padding-bottom:1rem}.py-5{padding-top:1.25rem;padding-bottom:1.25rem}.py-7{padding-top:1.75rem;padding-bottom:1.75rem}.py-8{padding-top:2rem;padding-bottom:2rem}.py-\[30px\]{padding-top:30px;padding-bottom:30px}.py-\[50px\]{padding-top:50px;padding-bottom:50px}.py-\[8px\]{padding-top:8px;padding-bottom:8px}.pb-2{padding-bottom:.5rem}.pb-3{padding-bottom:.75rem}.pb-4{padding-bottom:1rem}.pb-5{padding-bottom:1.25rem}.pb-6{padding-bottom:1.5rem}.pb-\[10px\]{padding-bottom:10px}.pb-\[35px\]{padding-bottom:35px}.pl-2{padding-left:.5rem}.pl-3{padding-left:.75rem}.pl-4{padding-left:1rem}.pr-0{padding-right:0}.pr-10{padding-right:2.5rem}.pr-2{padding-right:.5rem}.pr-4{padding-right:1rem}.pr-5{padding-right:1.25rem}.pr-6{padding-right:1.5rem}.pt-2{padding-top:.5rem}.pt-2\.5{padding-top:.625rem}.pt-3{padding-top:.75rem}.pt-4{padding-top:1rem}.pt-5{padding-top:1.25rem}.pt-6{padding-top:1.5rem}.pt-8{padding-top:2rem}.text-center{text-align:center}.text-right{text-align:right}.font-crimson{font-family:Crimson,serif}.font-myriad{font-family:Myriad Pro,san-serif}.text-2xl{font-size:1.5rem;line-height:2rem}.text-3xl{font-size:1.875rem;line-height:2.25rem}.text-4xl{font-size:2.25rem;line-height:2.5rem}.text-5xl{font-size:3rem;line-height:1}.text-base{font-size:1rem;line-height:1.5rem}.text-lg{font-size:1.125rem;line-height:1.75rem}.text-sm{font-size:.875rem;line-height:1.25rem}.text-xl{font-size:1.25rem;line-height:1.75rem}.text-xs{font-size:.75rem;line-height:1rem}.font-black{font-weight:900}.font-bold{font-weight:700}.font-medium{font-weight:500}.font-normal{font-weight:400}.font-semibold{font-weight:600}.uppercase{text-transform:uppercase}.capitalize{text-transform:capitalize}.not-italic{font-style:normal}.leading-7{line-height:1.75rem}.leading-8{line-height:2rem}.leading-\[160\%\]{line-height:160%}.leading-none{line-height:1}.leading-snug{line-height:1.375}.leading-tight{line-height:1.25}.tracking-\[0\.125rem\]{letter-spacing:.125rem}.tracking-wide{letter-spacing:.025em}.tracking-wider{letter-spacing:.05em}.text-\[\#C4C4C4\]{--tw-text-opacity:1;color:rgb(196 196 196/var(--tw-text-opacity))}.text-black{--tw-text-opacity:1;color:rgb(0 0 0/var(--tw-text-opacity))}.text-misesBlue{--tw-text-opacity:1;color:rgb(54 110 156/var(--tw-text-opacity))}.text-misesBlueDark{--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity))}.text-misesGreenDark{--tw-text-opacity:1;color:rgb(61 88 38/var(--tw-text-opacity))}.text-misesGreenerDarkBackgrounds{--tw-text-opacity:1;color:rgb(114 153 73/var(--tw-text-opacity))}.text-misesGrey{--tw-text-opacity:1;color:rgb(73 78 84/var(--tw-text-opacity))}.text-misesGreyDark{--tw-text-opacity:1;color:rgb(26 26 26/var(--tw-text-opacity))}.text-misesGreyish{--tw-text-opacity:1;color:rgb(81 88 92/var(--tw-text-opacity))}.text-white{--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.text-opacity-70{--tw-text-opacity:0.7}.underline{text-decoration-line:underline}.overline{text-decoration-line:overline}.no-underline{text-decoration-line:none}.opacity-0{opacity:0}.opacity-100{opacity:1}.opacity-40{opacity:.4}.opacity-60{opacity:.6}.opacity-\[15\%\]{opacity:15%}.shadow{--tw-shadow:0 1px 3px 0 #0000001a,0 1px 2px -1px #0000001a;--tw-shadow-colored:0 1px 3px 0 var(--tw-shadow-color),0 1px 2px -1px var(--tw-shadow-color)}.shadow,.shadow-lg{box-shadow:var(--tw-ring-offset-shadow,0 0 #0000),var(--tw-ring-shadow,0 0 #0000),var(--tw-shadow)}.shadow-lg{--tw-shadow:0 10px 15px -3px #0000001a,0 4px 6px -4px #0000001a;--tw-shadow-colored:0 10px 15px -3px var(--tw-shadow-color),0 4px 6px -4px var(--tw-shadow-color)}.shadow-md{--tw-shadow:0 4px 6px -1px #0000001a,0 2px 4px -2px #0000001a;--tw-shadow-colored:0 4px 6px -1px var(--tw-shadow-color),0 2px 4px -2px var(--tw-shadow-color);box-shadow:var(--tw-ring-offset-shadow,0 0 #0000),var(--tw-ring-shadow,0 0 #0000),var(--tw-shadow)}.outline{outline-style:solid}.blur{--tw-blur:blur(8px)}.blur,.filter{filter:var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow)}.transition{transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,-webkit-backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter;transition-property:color,background-color,border-color,text-decoration-color,fill,stroke,opacity,box-shadow,transform,filter,backdrop-filter,-webkit-backdrop-filter;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.transition-all{transition-property:all;transition-timing-function:cubic-bezier(.4,0,.2,1);transition-duration:.15s}.duration-200{transition-duration:.2s}.duration-300{transition-duration:.3s}.ease-in{transition-timing-function:cubic-bezier(.4,0,1,1)}.ease-out{transition-timing-function:cubic-bezier(0,0,.2,1)}.no-scrollbar::-webkit-scrollbar{display:none}.no-scrollbar{-ms-overflow-style:none;scrollbar-width:none}.stretched-link:after{content:"";pointer-events:auto;position:absolute;inset:0;z-index:10;background-color:initial}.\[text-wrap\:balance\]{text-wrap:balance}.marker\:text-misesGrey ::marker{color:#494e54}.marker\:text-white ::marker{color:#fff}.marker\:text-misesGrey::marker{color:#494e54}.marker\:text-white::marker{color:#fff}.backdrop\:bg-black::backdrop{--tw-bg-opacity:1;background-color:rgb(0 0 0/var(--tw-bg-opacity))}.backdrop\:opacity-50::backdrop{opacity:.5}.after\:absolute:after{content:var(--tw-content);position:absolute}.after\:inset-0:after{content:var(--tw-content);inset:0}.first\:mt-4:first-child{margin-top:1rem}.first\:border-t:first-child{border-top-width:1px}.first\:pt-0:first-child{padding-top:0}.last\:mb-0:last-child{margin-bottom:0}.last\:border-0:last-child{border-width:0}.last\:border-none:last-child{border-style:none}.last\:pb-0:last-child{padding-bottom:0}.checked\:bg-misesBlueDark:checked{--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity))}.hover\:-translate-y-1:hover{--tw-translate-y:-0.25rem;transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.hover\:cursor-pointer:hover{cursor:pointer}.hover\:border-misesBlueHover:hover{--tw-border-opacity:1;border-color:rgb(0 66 107/var(--tw-border-opacity))}.hover\:border-misesGreenLight:hover{--tw-border-opacity:1;border-color:rgb(91 127 57/var(--tw-border-opacity))}.hover\:bg-misesBlue:hover{--tw-bg-opacity:1;background-color:rgb(54 110 156/var(--tw-bg-opacity))}.hover\:bg-misesBlueDarkHover:hover{--tw-bg-opacity:1;background-color:rgb(56 112 158/var(--tw-bg-opacity))}.hover\:bg-misesBlueHover:hover{--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity))}.hover\:bg-misesGreen:hover{--tw-bg-opacity:1;background-color:rgb(90 129 49/var(--tw-bg-opacity))}.hover\:bg-misesGreenDark:hover{--tw-bg-opacity:1;background-color:rgb(61 88 38/var(--tw-bg-opacity))}.hover\:bg-misesGreenLight:hover{--tw-bg-opacity:1;background-color:rgb(91 127 57/var(--tw-bg-opacity))}.hover\:text-misesBlue:hover{--tw-text-opacity:1;color:rgb(54 110 156/var(--tw-text-opacity))}.hover\:text-misesBlueDarkHover:hover{--tw-text-opacity:1;color:rgb(56 112 158/var(--tw-text-opacity))}.hover\:text-misesBlueHover:hover{--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity))}.hover\:text-misesGreen:hover{--tw-text-opacity:1;color:rgb(90 129 49/var(--tw-text-opacity))}.hover\:text-white:hover{--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.hover\:text-opacity-100:hover{--tw-text-opacity:1}.hover\:underline:hover{text-decoration-line:underline}.hover\:no-underline:hover{text-decoration-line:none}.focus\:-translate-y-1:focus{--tw-translate-y:-0.25rem;transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.focus\:border-misesBlueHover:focus{--tw-border-opacity:1;border-color:rgb(0 66 107/var(--tw-border-opacity))}.focus\:bg-misesBlue:focus{--tw-bg-opacity:1;background-color:rgb(54 110 156/var(--tw-bg-opacity))}.focus\:bg-misesBlueDarkHover:focus{--tw-bg-opacity:1;background-color:rgb(56 112 158/var(--tw-bg-opacity))}.focus\:bg-misesBlueHover:focus{--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity))}.focus\:bg-misesGreenDark:focus{--tw-bg-opacity:1;background-color:rgb(61 88 38/var(--tw-bg-opacity))}.focus\:bg-misesGreenLight:focus{--tw-bg-opacity:1;background-color:rgb(91 127 57/var(--tw-bg-opacity))}.focus\:text-misesBlue:focus{--tw-text-opacity:1;color:rgb(54 110 156/var(--tw-text-opacity))}.focus\:text-misesBlueDarkHover:focus{--tw-text-opacity:1;color:rgb(56 112 158/var(--tw-text-opacity))}.focus\:text-misesBlueHover:focus{--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity))}.focus\:text-white:focus{--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.focus\:underline:focus{text-decoration-line:underline}.focus\:outline-none:focus{outline:2px solid #0000;outline-offset:2px}.focus\:ring:focus{--tw-ring-offset-shadow:var(--tw-ring-inset) 0 0 0 var(--tw-ring-offset-width) var(--tw-ring-offset-color);--tw-ring-shadow:var(--tw-ring-inset) 0 0 0 calc(3px + var(--tw-ring-offset-width)) var(--tw-ring-color);box-shadow:var(--tw-ring-offset-shadow),var(--tw-ring-shadow),var(--tw-shadow,0 0 #0000)}.focus\:ring-indigo-200:focus{--tw-ring-opacity:1;--tw-ring-color:rgb(199 210 254/var(--tw-ring-opacity))}.focus\:ring-opacity-50:focus{--tw-ring-opacity:0.5}.group[open] .group-open\:-rotate-180,.group\/top[open] .group-open\/top\:-rotate-180{--tw-rotate:-180deg;transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.group:hover .group-hover\:bg-misesBlueHover{--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity))}.group.open .group-\[\.open\]\:translate-y-\[-0\.3rem\]{--tw-translate-y:-0.3rem}.group.open .group-\[\.open\]\:translate-y-\[-0\.3rem\],.group.open .group-\[\.open\]\:translate-y-\[0\.7rem\]{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.group.open .group-\[\.open\]\:translate-y-\[0\.7rem\]{--tw-translate-y:0.7rem}.group.open .group-\[\.open\]\:-rotate-45{--tw-rotate:-45deg}.group.open .group-\[\.open\]\:-rotate-45,.group.open .group-\[\.open\]\:rotate-45{transform:translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y))}.group.open .group-\[\.open\]\:rotate-45{--tw-rotate:45deg}.group.open .group-\[\.open\]\:bg-misesBlueHover{--tw-bg-opacity:1;background-color:rgb(0 66 107/var(--tw-bg-opacity))}.group.menu-open .group-\[\.menu-open\]\:opacity-100{opacity:1}.group.open .group-\[\.open\]\:opacity-0{opacity:0}.prose-headings\:text-misesBlueDark :is(:where(h1,h2,h3,h4,h5,h6,th):not(:where([class~=not-prose],[class~=not-prose] *))){--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity))}.prose-headings\:text-white :is(:where(h1,h2,h3,h4,h5,h6,th):not(:where([class~=not-prose],[class~=not-prose] *))){--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.first\:prose-h2\:mt-0 :is(:where(h2):not(:where([class~=not-prose],[class~=not-prose] *))):first-child{margin-top:0}.first\:prose-h3\:mt-0 :is(:where(h3):not(:where([class~=not-prose],[class~=not-prose] *))):first-child{margin-top:0}.prose-p\:my-2 :is(:where(p):not(:where([class~=not-prose],[class~=not-prose] *))){margin-top:.5rem;margin-bottom:.5rem}.prose-p\:mt-0 :is(:where(p):not(:where([class~=not-prose],[class~=not-prose] *))){margin-top:0}.first\:prose-p\:mt-0 :is(:where(p):not(:where([class~=not-prose],[class~=not-prose] *))):first-child{margin-top:0}.last\:prose-p\:mb-0 :is(:where(p):not(:where([class~=not-prose],[class~=not-prose] *))):last-child{margin-bottom:0}.prose-p\:last-of-type\:mb-0:last-of-type :is(:where(p):not(:where([class~=not-prose],[class~=not-prose] *))){margin-bottom:0}.prose-a\:text-misesBlueDark :is(:where(a):not(:where([class~=not-prose],[class~=not-prose] *))){--tw-text-opacity:1;color:rgb(0 66 107/var(--tw-text-opacity))}.prose-a\:text-white :is(:where(a):not(:where([class~=not-prose],[class~=not-prose] *))){--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.prose-a\:underline :is(:where(a):not(:where([class~=not-prose],[class~=not-prose] *))){text-decoration-line:underline}.hover\:prose-a\:no-underline :is(:where(a):not(:where([class~=not-prose],[class~=not-prose] *))):hover{text-decoration-line:none}.prose-figure\:my-1 :is(:where(figure):not(:where([class~=not-prose],[class~=not-prose] *))){margin-top:.25rem;margin-bottom:.25rem}.first\:prose-figure\:mt-0 :is(:where(figure):not(:where([class~=not-prose],[class~=not-prose] *))):first-child{margin-top:0}.prose-strong\:text-white :is(:where(strong):not(:where([class~=not-prose],[class~=not-prose] *))){--tw-text-opacity:1;color:rgb(255 255 255/var(--tw-text-opacity))}.prose-ol\:mt-0 :is(:where(ol):not(:where([class~=not-prose],[class~=not-prose] *))){margin-top:0}.prose-ol\:inline-block :is(:where(ol):not(:where([class~=not-prose],[class~=not-prose] *))){display:inline-block}.first\:prose-ol\:mt-0 :is(:where(ol):not(:where([class~=not-prose],[class~=not-prose] *))):first-child{margin-top:0}.prose-ul\:mt-0 :is(:where(ul):not(:where([class~=not-prose],[class~=not-prose] *))){margin-top:0}.prose-ul\:inline-block :is(:where(ul):not(:where([class~=not-prose],[class~=not-prose] *))){display:inline-block}.first\:prose-ul\:mt-0 :is(:where(ul):not(:where([class~=not-prose],[class~=not-prose] *))):first-child{margin-top:0}.prose-th\:font-bold :is(:where(th):not(:where([class~=not-prose],[class~=not-prose] *))){font-weight:700}.prose-img\:my-1 :is(:where(img):not(:where([class~=not-prose],[class~=not-prose] *))){margin-top:.25rem;margin-bottom:.25rem}@media (min-width:640px){.sm\:grid-cols-1{grid-template-columns:repeat(1,minmax(0,1fr))}}@media (min-width:768px){.md\:-right-4{right:-1rem}.md\:col-span-10{grid-column:span 10/span 10}.md\:col-span-12{grid-column:span 12/span 12}.md\:col-span-2{grid-column:span 2/span 2}.md\:col-span-3{grid-column:span 3/span 3}.md\:col-span-4{grid-column:span 4/span 4}.md\:col-span-6{grid-column:span 6/span 6}.md\:col-span-8{grid-column:span 8/span 8}.md\:col-span-9{grid-column:span 9/span 9}.md\:col-start-3{grid-column-start:3}.md\:mr-\[30px\]{margin-right:30px}.md\:flex{display:flex}.md\:min-w-\[150px\]{min-width:150px}.md\:grid-cols-12{grid-template-columns:repeat(12,minmax(0,1fr))}.md\:grid-cols-2{grid-template-columns:repeat(2,minmax(0,1fr))}.md\:grid-cols-3{grid-template-columns:repeat(3,minmax(0,1fr))}.md\:grid-cols-4{grid-template-columns:repeat(4,minmax(0,1fr))}.md\:grid-cols-5{grid-template-columns:repeat(5,minmax(0,1fr))}.md\:items-end{align-items:flex-end}.md\:items-center{align-items:center}.md\:justify-end{justify-content:flex-end}.md\:gap-10{gap:2.5rem}.md\:border-r{border-right-width:1px}.md\:border-t-0{border-top-width:0}.md\:border-t-8{border-top-width:8px}.md\:py-\[10px\]{padding-top:10px;padding-bottom:10px}.md\:pr-\[30px\]{padding-right:30px}.md\:text-4xl{font-size:2.25rem;line-height:2.5rem}.md\:text-5xl{font-size:3rem;line-height:1}.md\:last\:border-r-0:last-child{border-right-width:0}}@media (min-width:1024px){.lg\:col-span-1{grid-column:span 1/span 1}.lg\:col-span-2{grid-column:span 2/span 2}.lg\:col-span-4{grid-column:span 4/span 4}.lg\:col-span-7{grid-column:span 7/span 7}.lg\:col-span-8{grid-column:span 8/span 8}.lg\:float-left{float:left}.lg\:m-0{margin:0}.lg\:mr-12{margin-right:3rem}.lg\:mr-2{margin-right:.5rem}.lg\:mr-5{margin-right:1.25rem}.lg\:mr-\[30px\]{margin-right:30px}.lg\:block{display:block}.lg\:flex{display:flex}.lg\:hidden{display:none}.lg\:min-h-\[8rem\]{min-height:8rem}.lg\:\!w-full{width:100%!important}.lg\:w-auto{width:auto}.lg\:max-w-\[240px\]{max-width:240px}.lg\:grid-cols-12{grid-template-columns:repeat(12,minmax(0,1fr))}.lg\:grid-cols-2{grid-template-columns:repeat(2,minmax(0,1fr))}.lg\:grid-cols-3{grid-template-columns:repeat(3,minmax(0,1fr))}.lg\:grid-cols-4{grid-template-columns:repeat(4,minmax(0,1fr))}.lg\:grid-cols-5{grid-template-columns:repeat(5,minmax(0,1fr))}.lg\:items-center{align-items:center}.lg\:gap-5{gap:1.25rem}.lg\:gap-6{gap:1.5rem}.lg\:border-r{border-right-width:1px}.lg\:border-t-8{border-top-width:8px}.lg\:border-solid{border-style:solid}.lg\:border-misesBlue{--tw-border-opacity:1;border-color:rgb(54 110 156/var(--tw-border-opacity))}.lg\:px-12{padding-left:3rem;padding-right:3rem}.lg\:px-2{padding-left:.5rem;padding-right:.5rem}.lg\:px-20{padding-left:5rem;padding-right:5rem}.lg\:pr-5{padding-right:1.25rem}.lg\:pr-\[30px\]{padding-right:30px}.lg\:text-6xl{font-size:3.75rem;line-height:1}}@media (min-width:1280px){.xl\:grid-cols-2{grid-template-columns:repeat(2,minmax(0,1fr))}.xl\:grid-cols-3{grid-template-columns:repeat(3,minmax(0,1fr))}.xl\:grid-cols-4{grid-template-columns:repeat(4,minmax(0,1fr))}.xl\:grid-cols-5{grid-template-columns:repeat(5,minmax(0,1fr))}.xl\:pl-9{padding-left:2.25rem}}@media (max-width:1100px){.-lg\:col-span-12{grid-column:span 12/span 12}.-lg\:col-span-5{grid-column:span 5/span 5}.-lg\:col-span-7{grid-column:span 7/span 7}.-lg\:col-span-full{grid-column:1/-1}.-lg\:row-span-1{grid-row:span 1/span 1}.-lg\:row-start-1{grid-row-start:1}.-lg\:mx-0{margin-left:0;margin-right:0}.-lg\:mb-2{margin-bottom:.5rem}.-lg\:mb-2\.5{margin-bottom:.625rem}.-lg\:mb-5{margin-bottom:1.25rem}.-lg\:mb-6{margin-bottom:1.5rem}.-lg\:mb-\[30px\]{margin-bottom:30px}.-lg\:mr-2{margin-right:.5rem}.-lg\:\!flex{display:flex!important}.-lg\:flex{display:flex}.-lg\:hidden{display:none}.-lg\:h-5{height:1.25rem}.-lg\:h-6{height:1.5rem}.-lg\:w-4{width:1rem}.-lg\:w-5{width:1.25rem}.-lg\:max-w-full{max-width:100%}.-lg\:grid-cols-1{grid-template-columns:repeat(1,minmax(0,1fr))}.-lg\:grid-rows-1{grid-template-rows:repeat(1,minmax(0,1fr))}.-lg\:flex-col{flex-direction:column}.-lg\:gap-0{gap:0}.-lg\:gap-2{gap:.5rem}.-lg\:gap-2\.5{gap:.625rem}.-lg\:border-none{border-style:none}.-lg\:px-0{padding-left:0;padding-right:0}.-lg\:text-\[28px\]{font-size:28px}.-lg\:text-base{font-size:1rem;line-height:1.5rem}}@media (max-width:767px){.-md\:hidden{display:none}.-md\:flex-col{flex-direction:column}}@media print{.print\:col-span-full{grid-column:1/-1}.print\:hidden{display:none}}.\[\&\>a\]\:block>a{display:block}.\[\&\>div\]\:w-full>div{width:100%}.\[\&\>div\]\:bg-misesGreyish>div{--tw-bg-opacity:1;background-color:rgb(81 88 92/var(--tw-bg-opacity))}.\[\&\>section\]\:mb-8>section{margin-bottom:2rem}.\[\&\>section\]\:border-b>section{border-bottom-width:1px}.\[\&\>section\]\:border-b-misesGreyLight>section{--tw-border-opacity:1;border-bottom-color:rgb(217 217 217/var(--tw-border-opacity))}.\[\&\>section\]\:pb-8>section{padding-bottom:2rem}.\[\&\>section\]\:first-of-type\:border-none:first-of-type>section{border-style:none}.\[\&\>svg\]\:h-6>svg{height:1.5rem}.\[\&\>svg\]\:h-full>svg{height:100%}.\[\&\>svg\]\:w-6>svg{width:1.5rem}.\[\&\>svg\]\:w-full>svg{width:100%}.\[\&_\.container\]\:p-0 .container{padding:0}.\[\&_\.paragraph\]\:mt-0 .paragraph{margin-top:0}.\[\&_iframe\]\:aspect-video iframe{aspect-ratio:16/9}.\[\&_iframe\]\:h-auto iframe{height:auto}.\[\&_iframe\]\:w-full iframe,.\[\&_img\]\:w-full img{width:100%}.\[\&_summary\:\:-webkit-details-marker\]\:hidden summary::-webkit-details-marker{display:none}.\[\&_video\]\:aspect-video video{aspect-ratio:16/9}.\[\&_video\]\:h-auto video{height:auto}.\[\&_video\]\:w-full video{width:100%}</style> <link rel="preconnect" href="https://cdn.mises.org" /> <link rel="icon" href="/themes/custom/mises/favicon.ico" type="image/vnd.microsoft.icon" /> <link rel="alternate" hreflang="en" href="https://mises.org/" /> <link rel="alternate" hreflang="es" href="https://mises.org/es" /> <title>Mises Institute</title> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_Q8oIUkjGCUsRahNZ-_ZNg3lHi9jTRXG63DQRkT3YBx0.css?delta=0&language=en&theme=mises&include=eJydjtEKwjAMRX9osS_i75SsCRrWNqXJnP69YwoKKogvIZzcc0mamMS1R6nE1cesaQov-5C0c0hamtaV2a6IsQFsRzgxEvdfMlB0lMxAXRvpUr85CTuBFDwyuPgqOKOtekZnc9jDPbdIZ8DukjLbn12HZ4FJaZlj0za3uL1t4QMb7GrOJYxrzXAWXixsc1eU5vxAkdAx8qVp9_BGbtf9jlE" /> </head> <body class="node-published bg-white m-0 text-base font-myriad path-frontpage page-node-type-homepage"> <a href="#main-content" class="visually-hidden focusable skip-link"> Skip to main content </a> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-588JCSW" height="0" width="0" style="display:none;visibility:hidden;"></iframe> </noscript> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas> <div class="layout-container mises-page-background"> <div class="container px-0 bg-white"> <div class="print:hidden"> <header role="banner" class="header bg-white mb-9 -lg:mb-6 border-b border-misesGreyLight border-opacity-50 relative" data-component-id="mises:block-header"> <div class="header__container container grid grid-cols-12 grid-rows-2 -lg:grid-rows-1 pr-0"> <div class="header__logo col-span-3 row-span-2 flex flex-col justify-center items-start text-center border-r border-misesGreyLight border-opacity-50 -lg:row-start-1 -lg:col-span-7 -lg:row-span-1 -lg:border-none"> <a href="https://mises.org/" class="py-4 pr-4"> <img src="data:image/svg+xml;base64,<svg id="Layer_1" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 498.65 79.82" width="500" height="90">
    <defs>
        <style>
            .cls-1{fill:#6d6e71}.cls-2{fill:#54575a}.cls-3{fill:#005595}.cls-4{fill:#226093}
        </style>
    </defs>
    <path class="cls-4" d="M55.39 38.9c0 1.31.04 2.41.14 3.31.09.9.27 1.58.54 2.03.5.77 1.56 1.17 3.19 1.22.5.05.99.08 1.46.1.48.02.99.06 1.53.1v1.35c-1.81-.09-3.49-.15-5.03-.17a358.483 358.483 0 0 0-9.32 0c-1.49.02-2.88.08-4.14.17v-1.42c.36-.04.7-.07 1.02-.07s.63-.02.95-.07c.82-.09 1.5-.21 2.04-.37s.93-.44 1.16-.85c.27-.45.45-1.13.54-2.03.09-.9.14-2.01.14-3.31V6.63c-.95 1.44-1.71 2.69-2.28 3.75a72.67 72.67 0 0 0-1.46 2.87l-12.3 25.91c-.41.9-.82 1.83-1.22 2.77-.41.95-.79 1.89-1.16 2.84-.23.5-.43.98-.61 1.45s-.39.96-.61 1.45h-.82L10.05 7.51l-.68.14-.14 31.25c0 1.31.04 2.41.14 3.31.09.9.29 1.58.61 2.03.23.41.59.69 1.09.85.5.16 1.18.28 2.04.37.41.05.86.07 1.36.07s.95.02 1.36.07v1.42c-.41 0-.9-.01-1.46-.03-.57-.02-1.03-.03-1.39-.03-.86-.05-1.71-.08-2.55-.1a107.137 107.137 0 0 0-5.07 0c-.95.02-1.81.06-2.58.1-.41 0-.83.01-1.26.03-.43.02-.87.03-1.33.03V45.6l2.72-.14c.86-.09 1.55-.21 2.07-.37.52-.16.89-.44 1.12-.84.27-.45.45-1.13.54-2.03.09-.9.14-2 .14-3.31V8.17c0-1.31-.05-2.41-.14-3.31-.09-.9-.27-1.58-.54-2.03-.45-.67-1.52-1.08-3.2-1.22-.41-.04-.85-.07-1.33-.07S.63 1.52.18 1.47V0c.32 0 .63.01.95.03.32.02.59.03.82.03.72.05 1.46.08 2.21.1a85.537 85.537 0 0 0 4.52 0c.81-.02 1.56-.06 2.24-.1.27 0 .57-.01.88-.03.32-.02.61-.03.88-.03l18.46 38.69c2.99-6.31 6.04-12.75 9.16-19.31S46.5 6.36 49.48 0c.27 0 .6.01.98.03.38.02.69.03.92.03.77.05 1.51.08 2.21.1.7.02 1.42.03 2.14.03.68 0 1.45-.01 2.31-.03.86-.02 1.61-.06 2.24-.1.27 0 .52-.01.75-.03.23-.02.48-.03.75-.03v1.42l-2.52.2c-1.68.14-2.74.54-3.19 1.22-.27.45-.45 1.13-.54 2.03-.09.9-.14 2-.14 3.31v30.73Z"/>
    <path class="cls-3" d="M80.84 40.87c0 .98.03 1.81.1 2.49.07.68.2 1.18.41 1.52.37.58 1.16.88 2.35.91.41.03.79.06 1.15.08.36.02.72.04 1.1.08v1.01c-1.36-.07-2.61-.11-3.75-.13-1.14-.02-2.3-.03-3.49-.03s-2.44 0-3.65.03c-1.21.02-2.46.06-3.75.13v-1.01c.41-.03.77-.06 1.1-.08.32-.02.71-.04 1.15-.08 1.19-.03 1.97-.34 2.35-.91.2-.34.34-.85.41-1.52.07-.68.1-1.5.1-2.49V17.79c0-.98-.03-1.81-.1-2.49-.07-.68-.2-1.18-.41-1.52-.17-.27-.44-.48-.82-.63-.37-.15-.88-.25-1.53-.28-.41-.03-.79-.06-1.15-.08-.36-.02-.72-.04-1.1-.08V11.7c1.36.07 2.61.11 3.75.13a190.737 190.737 0 0 0 10.89-.12v1.01c-.41.03-.77.06-1.1.08-.32.02-.71.04-1.15.08-.65.03-1.16.13-1.53.28-.37.15-.65.36-.82.63-.2.34-.34.85-.41 1.52-.07.68-.1 1.51-.1 2.49v23.08ZM113.57 19.67l-.31-2.69c-.03-.37-.08-.69-.15-.96-.07-.27-.18-.52-.33-.76-.15-.24-.37-.47-.66-.71a9.42 9.42 0 0 0-1.2-.81c-.78-.47-1.69-.81-2.73-1.01-1.04-.2-2.06-.3-3.08-.3-.92 0-1.85.16-2.8.48-.95.32-1.8.8-2.55 1.45-.75.64-1.36 1.46-1.84 2.44s-.71 2.13-.71 3.45c0 .91.14 1.74.43 2.46.29.73.77 1.37 1.45 1.93.68.56 1.57 1.02 2.68 1.4 1.1.37 2.49.64 4.15.81 1.8.2 3.42.48 4.87.84 1.44.36 2.67.84 3.67 1.45s1.78 1.4 2.32 2.36c.54.97.82 2.16.82 3.58 0 2.17-.44 4.05-1.33 5.64-.88 1.59-2.05 2.91-3.49 3.96a15.468 15.468 0 0 1-4.92 2.36c-1.84.52-3.71.79-5.61.79-1.8 0-3.46-.19-4.97-.58-1.51-.39-2.69-.79-3.54-1.19.14-.98.22-1.95.25-2.92.03-.96.05-1.94.05-2.92v-1.67h1.12l.41 3.25c.07.58.36 1.12.87 1.62s1.17.96 1.99 1.37 1.72.73 2.73.96c1 .24 2.05.35 3.14.35 1.19 0 2.35-.18 3.49-.53 1.14-.36 2.15-.89 3.03-1.6.88-.71 1.6-1.57 2.14-2.59.54-1.01.82-2.18.82-3.5 0-1.25-.23-2.3-.69-3.15-.46-.85-1.1-1.54-1.94-2.08-.83-.54-1.82-.96-2.96-1.24a30.9 30.9 0 0 0-3.7-.69c-2.01-.24-3.71-.57-5.12-.99-1.41-.42-2.56-.98-3.44-1.67-.88-.69-1.53-1.52-1.94-2.49-.41-.96-.61-2.09-.61-3.37 0-1.96.39-3.65 1.17-5.07.78-1.42 1.79-2.59 3.03-3.53a13.21 13.21 0 0 1 4.16-2.08c1.53-.46 3.06-.69 4.59-.69 1.87 0 3.53.22 5 .66 1.46.44 2.74.86 3.82 1.26.03 0 .08 0 .13.03.05.02.09.03.13.03a27.49 27.49 0 0 0-.54 3.5c-.08 1.08-.13 2.2-.13 3.35h-1.17ZM129.38 17.83c0-.98-.03-1.81-.1-2.48-.07-.68-.22-1.18-.46-1.52-.17-.27-.44-.48-.82-.63-.37-.15-.88-.25-1.53-.28-.37-.03-.75-.06-1.12-.08-.37-.02-.75-.04-1.12-.08V11.7c.37 0 .82 0 1.33.03s.92.03 1.22.03c.99.03 1.97.06 2.96.08.99.02 1.97.03 2.96.03 1.26 0 2.51 0 3.77-.03 1.26-.02 2.46-.04 3.62-.08.92-.03 1.79-.05 2.63-.05h5.46c1.07 0 2.1.03 3.08.1a22.36 22.36 0 0 0-.59 3.53c-.12 1.3-.18 2.56-.18 3.78h-1.27v-3.09c0-.37-.03-.7-.1-.99a.903.903 0 0 0-.51-.63c-.68-.24-1.45-.42-2.3-.56-.85-.13-1.73-.24-2.63-.33-.9-.08-1.82-.13-2.74-.15-.92-.02-1.79-.03-2.61-.03-.72 0-1.47.03-2.25.08s-1.57.18-2.35.38v14.25c1.64.1 3.74.15 6.3.15 3.14 0 5.02-.2 5.63-.61.17-.17.29-.38.36-.63s.12-.57.15-.94c.03-.41.08-.8.13-1.19.05-.39.09-.8.13-1.24h1.07c0 .3 0 .65-.03 1.04-.02.39-.03.7-.03.94-.03.64-.06 1.28-.08 1.9-.02.63-.03 1.24-.03 1.85 0 .58 0 1.23.03 1.95.02.73.04 1.38.08 1.95 0 .27 0 .53.03.79.02.25.03.52.03.79h-1.07l-.26-2.79c-.07-.81-.24-1.32-.51-1.52-.31-.2-.92-.36-1.84-.48s-2.18-.18-3.79-.18c-1.33 0-2.52 0-3.56.03-1.04.02-1.95.06-2.74.13v14.86c.78.24 1.57.38 2.35.43.78.05 1.53.08 2.25.08 1.06 0 2.16 0 3.3-.03a62.2 62.2 0 0 0 3.22-.13c1.01-.07 1.88-.14 2.61-.23.73-.08 1.22-.21 1.46-.38.44-.24.83-.85 1.17-1.85.34-1 .61-2.27.82-3.83h1.22c-.24 1.18-.43 2.46-.56 3.83-.14 1.37-.2 2.73-.2 4.08-.24 0-.46 0-.66.03-.2.02-.46.03-.77.03a197.13 197.13 0 0 1-6.79.11h-1.73c-.54 0-1.26 0-2.14-.03-.88-.02-1.6-.03-2.14-.03-1.26-.03-2.48-.06-3.67-.08-1.19-.02-2.29-.03-3.31-.03-.61 0-1.24 0-1.89.03-.65.02-1.24.04-1.78.08-.27 0-.54 0-.82.03-.27.02-.54.03-.82.03v-1.01c.31-.03.58-.06.82-.08.24-.02.51-.04.82-.08.65-.07 1.15-.16 1.53-.28.37-.12.65-.33.82-.63.24-.34.39-.84.46-1.52s.1-1.5.1-2.48V17.86Z"/>
    <path class="cls-4" d="m179.95 19.67-.31-2.69c-.03-.37-.08-.69-.15-.96-.07-.27-.18-.52-.33-.76-.15-.24-.37-.47-.66-.71a9.42 9.42 0 0 0-1.2-.81c-.78-.47-1.69-.81-2.73-1.01-1.04-.2-2.06-.3-3.08-.3-.92 0-1.85.16-2.8.48-.95.32-1.8.8-2.55 1.45-.75.64-1.36 1.46-1.84 2.44s-.71 2.13-.71 3.45c0 .91.14 1.74.43 2.46.29.73.77 1.37 1.45 1.93.68.56 1.57 1.02 2.68 1.4 1.1.37 2.49.64 4.15.81 1.8.2 3.42.48 4.87.84 1.44.36 2.67.84 3.67 1.45s1.78 1.4 2.32 2.36c.54.97.82 2.16.82 3.58 0 2.17-.44 4.05-1.33 5.64-.88 1.59-2.05 2.91-3.49 3.96a15.468 15.468 0 0 1-4.92 2.36c-1.84.52-3.71.79-5.61.79-1.8 0-3.46-.19-4.97-.58-1.51-.39-2.69-.79-3.54-1.19.14-.98.22-1.95.25-2.92.03-.96.05-1.94.05-2.92v-1.67h1.12l.41 3.25c.07.58.36 1.12.87 1.62s1.17.96 1.99 1.37 1.72.73 2.73.96c1 .24 2.05.35 3.14.35 1.19 0 2.35-.18 3.49-.53 1.14-.36 2.15-.89 3.03-1.6.88-.71 1.6-1.57 2.14-2.59.54-1.01.82-2.18.82-3.5 0-1.25-.23-2.3-.69-3.15-.46-.85-1.1-1.54-1.94-2.08-.83-.54-1.82-.96-2.96-1.24a30.9 30.9 0 0 0-3.7-.69c-2.01-.24-3.71-.57-5.12-.99-1.41-.42-2.56-.98-3.44-1.67-.88-.69-1.53-1.52-1.94-2.49-.41-.96-.61-2.09-.61-3.37 0-1.96.39-3.65 1.17-5.07.78-1.42 1.79-2.59 3.03-3.53a13.21 13.21 0 0 1 4.16-2.08c1.53-.46 3.06-.69 4.59-.69 1.87 0 3.53.22 5 .66 1.46.44 2.74.86 3.82 1.26.03 0 .08 0 .13.03.05.02.09.03.13.03a27.49 27.49 0 0 0-.54 3.5c-.08 1.08-.13 2.2-.13 3.35h-1.17Z"/>
    <path class="cls-2" d="M204.37 38.89c0 1.31.04 2.41.14 3.31.09.9.27 1.58.54 2.03.5.77 1.54 1.17 3.13 1.22.54.05 1.05.08 1.53.1.48.02.96.06 1.46.1V47c-1.81-.09-3.48-.15-5-.17-1.52-.02-3.07-.03-4.66-.03s-3.25.01-4.86.03c-1.61.02-3.27.08-5 .17v-1.35c.54-.04 1.03-.08 1.46-.1.43-.02.94-.06 1.53-.1 1.59-.04 2.63-.45 3.13-1.22.27-.45.45-1.13.54-2.03.09-.9.14-2.01.14-3.31V8.12c0-1.31-.05-2.41-.14-3.31-.09-.9-.27-1.58-.54-2.03-.23-.36-.59-.64-1.09-.85-.5-.2-1.18-.33-2.04-.37-.54-.04-1.05-.08-1.53-.1-.48-.02-.96-.06-1.46-.1V0c1.81.09 3.48.15 5 .17 1.52.02 3.14.03 4.86.03 2.95 0 6.16-.07 9.65-.2v1.35c-.54.05-1.03.08-1.46.1-.43.02-.94.06-1.53.1-.86.05-1.54.17-2.04.37-.5.2-.86.49-1.09.85-.27.45-.45 1.13-.54 2.03-.09.9-.14 2.01-.14 3.31v30.78ZM225.14 17.83c0-.98-.03-1.8-.1-2.48-.07-.67-.2-1.18-.41-1.52-.37-.51-1.17-.81-2.4-.91-.31-.03-.65-.05-1.02-.05s-.71-.02-1.02-.05V11.7c.34 0 .73 0 1.17.03.44.02.8.03 1.07.03.68.03 1.33.06 1.94.08.61.02 1.21.03 1.78.03.27 0 .58 0 .92-.03.34-.02.65-.04.92-.08.17 0 .31 0 .43-.03.12-.02.26-.03.43-.03l25.08 30.84.15-24.71c0-.98-.03-1.81-.1-2.48-.07-.68-.2-1.18-.41-1.52-.34-.51-1.14-.81-2.4-.91-.31-.03-.64-.05-.99-.05s-.71-.02-1.04-.05V11.7c.31 0 .64 0 .99.03s.67.03.94.03c.68.03 1.34.06 1.99.08.65.02 1.26.03 1.83.03s1.21 0 1.91-.03c.7-.02 1.33-.04 1.91-.08.37 0 .72 0 1.05-.03.32-.02.69-.03 1.1-.03v1.12l-2.04.1c-1.22.1-2.02.41-2.4.91-.2.34-.34.84-.41 1.52-.07.68-.1 1.5-.1 2.48V46.2c0 .2 0 .43.03.68.02.25.04.46.08.63v.25c-.78-.14-1.49-.26-2.12-.38-.63-.12-1.33-.25-2.12-.38l-24.73-30.59-.1 24.41c0 .98.03 1.81.1 2.48.07.68.2 1.18.41 1.52.17.3.45.52.84.63.39.12.91.21 1.56.28.31.03.64.05.99.05s.71.02 1.04.05v1.12c-.34 0-.71 0-1.12-.03-.41-.02-.75-.03-1.02-.03-.65-.03-1.28-.06-1.91-.08-.63-.02-1.27-.03-1.91-.03-.54 0-1.17 0-1.89.03-.71.02-1.36.04-1.94.08-.31 0-.63 0-.97.03-.34.02-.66.03-.97.03v-1.12l2.04-.1c.65-.07 1.16-.16 1.53-.28.37-.12.66-.33.87-.63.2-.34.34-.84.41-1.52.07-.67.1-1.5.1-2.48V17.81ZM288.2 19.67l-.31-2.69c-.03-.37-.08-.69-.15-.96-.07-.27-.18-.52-.33-.76-.15-.24-.37-.47-.66-.71a9.42 9.42 0 0 0-1.2-.81c-.78-.47-1.69-.81-2.73-1.01-1.04-.2-2.07-.3-3.08-.3-.92 0-1.85.16-2.8.48-.95.32-1.8.8-2.55 1.45-.75.64-1.36 1.46-1.84 2.44s-.71 2.13-.71 3.45c0 .91.14 1.74.43 2.46.29.73.77 1.37 1.45 1.93.68.56 1.57 1.02 2.68 1.4 1.1.37 2.49.64 4.16.81 1.8.2 3.42.48 4.87.84 1.44.36 2.67.84 3.67 1.45s1.78 1.4 2.32 2.36c.54.97.82 2.16.82 3.58 0 2.17-.44 4.05-1.33 5.64-.88 1.59-2.05 2.91-3.49 3.96-1.44 1.05-3.08 1.84-4.92 2.36-1.83.52-3.7.79-5.61.79-1.8 0-3.46-.19-4.97-.58-1.51-.39-2.69-.79-3.54-1.19.14-.98.22-1.95.25-2.92.03-.96.05-1.94.05-2.92v-1.67h1.12l.41 3.25c.07.58.36 1.12.87 1.62s1.17.96 1.99 1.37 1.72.73 2.73.96c1 .24 2.05.35 3.14.35 1.19 0 2.35-.18 3.49-.53 1.14-.36 2.15-.89 3.03-1.6.88-.71 1.6-1.57 2.14-2.59.54-1.01.82-2.18.82-3.5 0-1.25-.23-2.3-.69-3.15-.46-.85-1.1-1.54-1.94-2.08-.83-.54-1.82-.96-2.96-1.24a30.9 30.9 0 0 0-3.7-.69c-2.01-.24-3.71-.57-5.12-.99-1.41-.42-2.56-.98-3.44-1.67-.88-.69-1.53-1.52-1.94-2.49-.41-.96-.61-2.09-.61-3.37 0-1.96.39-3.65 1.17-5.07.78-1.42 1.79-2.59 3.03-3.53a13.21 13.21 0 0 1 4.16-2.08c1.53-.46 3.06-.69 4.59-.69 1.87 0 3.54.22 5 .66s2.74.86 3.82 1.26c.03 0 .08 0 .13.03.05.02.09.03.13.03a27.49 27.49 0 0 0-.54 3.5c-.09 1.08-.13 2.2-.13 3.35h-1.17ZM310.94 19.11c0-.88-.02-1.75-.05-2.61-.03-.86-.1-1.78-.2-2.77h-8.21c-.88 0-1.48.14-1.78.43-.31.29-.49.79-.56 1.5-.03.68-.07 1.32-.1 1.93-.03.61-.07 1.24-.1 1.88h-1.07c0-1.29-.02-2.58-.05-3.88-.03-1.3-.12-2.6-.25-3.88.92 0 1.79 0 2.63.03.83.02 1.71.04 2.62.08.95.03 1.89.05 2.8.05h13.1c.92 0 1.85-.02 2.8-.05.85-.03 1.72-.06 2.62-.08s1.78-.03 2.63-.03c-.14 1.29-.22 2.58-.25 3.88-.03 1.3-.05 2.6-.05 3.88h-1.07l-.2-3.81c-.07-.71-.25-1.21-.56-1.5-.31-.29-.9-.43-1.78-.43h-8.26c-.07.78-.12 1.61-.15 2.49-.03.88-.05 1.84-.05 2.89v21.76c0 .98.03 1.81.1 2.49.07.68.2 1.18.41 1.52.37.58 1.16.88 2.34.91.41.03.79.06 1.15.08.36.02.72.04 1.1.08v1.01c-1.36-.07-2.61-.11-3.75-.13-1.14-.02-2.3-.03-3.49-.03s-2.44 0-3.64.03c-1.21.02-2.46.06-3.75.13v-1.01c.41-.03.77-.06 1.1-.08.32-.02.71-.04 1.15-.08 1.19-.03 1.97-.34 2.35-.91.2-.34.34-.85.41-1.52.07-.68.1-1.5.1-2.49V19.11ZM343.97 40.87c0 .98.03 1.81.1 2.49.07.68.2 1.18.41 1.52.37.58 1.15.88 2.34.91.41.03.79.06 1.15.08.36.02.72.04 1.1.08v1.01c-1.36-.07-2.61-.11-3.75-.13-1.14-.02-2.3-.03-3.49-.03s-2.44 0-3.65.03c-1.21.02-2.46.06-3.75.13v-1.01c.41-.03.77-.06 1.1-.08.32-.02.7-.04 1.15-.08 1.19-.03 1.97-.34 2.35-.91.2-.34.34-.85.41-1.52.07-.68.1-1.5.1-2.49V17.79c0-.98-.03-1.81-.1-2.49-.07-.68-.2-1.18-.41-1.52-.17-.27-.44-.48-.82-.63-.37-.15-.88-.25-1.53-.28-.41-.03-.79-.06-1.15-.08-.36-.02-.72-.04-1.1-.08V11.7c1.36.07 2.61.11 3.75.13a190.737 190.737 0 0 0 10.89-.12v1.01c-.41.03-.77.06-1.1.08-.32.02-.71.04-1.15.08-.65.03-1.16.13-1.53.28-.37.15-.65.36-.82.63-.2.34-.34.85-.41 1.52-.07.68-.1 1.51-.1 2.49v23.08ZM368.14 19.11c0-.88-.02-1.75-.05-2.61-.03-.86-.1-1.78-.2-2.77h-8.21c-.88 0-1.48.14-1.78.43-.31.29-.49.79-.56 1.5-.03.68-.07 1.32-.1 1.93-.03.61-.07 1.24-.1 1.88h-1.07c0-1.29-.02-2.58-.05-3.88-.03-1.3-.12-2.6-.25-3.88.92 0 1.79 0 2.63.03.83.02 1.71.04 2.62.08.95.03 1.89.05 2.8.05h13.1c.92 0 1.85-.02 2.8-.05.85-.03 1.72-.06 2.62-.08s1.78-.03 2.63-.03c-.14 1.29-.22 2.58-.25 3.88-.03 1.3-.05 2.6-.05 3.88h-1.07l-.2-3.81c-.07-.71-.25-1.21-.56-1.5-.31-.29-.9-.43-1.78-.43h-8.26c-.07.78-.12 1.61-.15 2.49-.03.88-.05 1.84-.05 2.89v21.76c0 .98.03 1.81.1 2.49.07.68.2 1.18.41 1.52.37.58 1.16.88 2.34.91.41.03.79.06 1.15.08.36.02.72.04 1.1.08v1.01c-1.36-.07-2.61-.11-3.75-.13-1.14-.02-2.3-.03-3.49-.03s-2.44 0-3.64.03c-1.21.02-2.46.06-3.75.13v-1.01c.41-.03.77-.06 1.1-.08.32-.02.71-.04 1.15-.08 1.19-.03 1.97-.34 2.35-.91.2-.34.34-.85.41-1.52.07-.68.1-1.5.1-2.49V19.11ZM396.23 17.79c0-.98-.03-1.81-.1-2.49-.07-.68-.2-1.18-.41-1.52-.17-.27-.44-.48-.82-.63-.37-.15-.9-.25-1.58-.28-.37-.03-.74-.06-1.1-.08-.36-.02-.72-.04-1.1-.08V11.7c1.33.07 2.57.11 3.72.13a189.646 189.646 0 0 0 10.86-.12v1.01c-.41.03-.78.06-1.12.08-.34.02-.71.04-1.12.08-.65.03-1.16.13-1.53.28-.38.15-.66.36-.87.63-.2.34-.34.85-.41 1.52-.07.68-.1 1.51-.1 2.49v17.7c0 1.89.24 3.46.72 4.69.48 1.23 1.18 2.22 2.12 2.97.94.74 2.09 1.27 3.45 1.57 1.36.3 2.91.46 4.65.46 1.43 0 2.81-.16 4.14-.48a8.8 8.8 0 0 0 3.5-1.7c1-.81 1.81-1.93 2.4-3.35s.89-3.23.89-5.43V17.79c0-.98-.03-1.81-.1-2.49-.07-.68-.2-1.18-.41-1.52-.34-.51-1.12-.81-2.34-.91-.34-.03-.69-.05-1.05-.05s-.69-.02-.99-.05v-1.06c.27 0 .59 0 .97.03s.7.03.97.03c.68.03 1.33.06 1.96.08.63.02 1.25.03 1.86.03.58 0 1.21 0 1.89-.03.68-.02 1.33-.04 1.94-.08.37 0 .72 0 1.04-.03s.67-.03 1.04-.03v1.06l-1.99.1c-1.26.1-2.06.41-2.4.91-.2.34-.34.85-.41 1.52-.07.68-.1 1.51-.1 2.49v14.86c0 2.71-.27 5.01-.82 6.92-.54 1.91-1.39 3.48-2.55 4.69-1.16 1.22-2.64 2.11-4.46 2.69s-4 .86-6.55.86c-2.14 0-4.06-.18-5.76-.53-1.7-.35-3.14-.98-4.31-1.88-1.17-.9-2.07-2.11-2.7-3.63-.63-1.52-.94-3.43-.94-5.73V17.78ZM447.72 19.11c0-.88-.02-1.75-.05-2.61-.03-.86-.1-1.78-.2-2.77h-8.21c-.88 0-1.48.14-1.78.43-.31.29-.49.79-.56 1.5-.03.68-.07 1.32-.1 1.93-.03.61-.07 1.24-.1 1.88h-1.07c0-1.29-.02-2.58-.05-3.88-.03-1.3-.12-2.6-.25-3.88.92 0 1.79 0 2.63.03.83.02 1.71.04 2.62.08.95.03 1.89.05 2.8.05h13.1c.92 0 1.85-.02 2.8-.05.85-.03 1.72-.06 2.62-.08s1.78-.03 2.63-.03c-.14 1.29-.22 2.58-.25 3.88-.03 1.3-.05 2.6-.05 3.88h-1.07l-.2-3.81c-.07-.71-.25-1.21-.56-1.5-.31-.29-.9-.43-1.78-.43h-8.26c-.07.78-.12 1.61-.15 2.49-.03.88-.05 1.84-.05 2.89v21.76c0 .98.03 1.81.1 2.49.07.68.2 1.18.41 1.52.37.58 1.16.88 2.34.91.41.03.79.06 1.15.08.36.02.72.04 1.1.08v1.01c-1.36-.07-2.61-.11-3.75-.13-1.14-.02-2.3-.03-3.49-.03s-2.44 0-3.64.03c-1.21.02-2.46.06-3.75.13v-1.01c.41-.03.77-.06 1.1-.08.32-.02.71-.04 1.15-.08 1.19-.03 1.97-.34 2.35-.91.2-.34.34-.85.41-1.52.07-.68.1-1.5.1-2.49V19.11ZM475.91 17.83c0-.98-.03-1.81-.1-2.48-.07-.68-.22-1.18-.46-1.52-.17-.27-.44-.48-.82-.63-.38-.15-.88-.25-1.53-.28-.37-.03-.75-.06-1.12-.08-.38-.02-.75-.04-1.12-.08V11.7c.37 0 .82 0 1.33.03.51.02.92.03 1.22.03.99.03 1.97.06 2.96.08.99.02 1.97.03 2.96.03 1.26 0 2.52 0 3.77-.03 1.26-.02 2.46-.04 3.62-.08.92-.03 1.79-.05 2.63-.05h5.46c1.07 0 2.1.03 3.08.1a22.36 22.36 0 0 0-.59 3.53c-.12 1.3-.18 2.56-.18 3.78h-1.27v-3.09c0-.37-.03-.7-.1-.99a.903.903 0 0 0-.51-.63c-.68-.24-1.45-.42-2.3-.56-.85-.13-1.73-.24-2.63-.33-.9-.08-1.82-.13-2.74-.15-.92-.02-1.79-.03-2.61-.03-.72 0-1.47.03-2.25.08s-1.57.18-2.35.38v14.25c1.64.1 3.74.15 6.3.15 3.14 0 5.02-.2 5.63-.61.17-.17.29-.38.36-.63s.12-.57.15-.94c.03-.41.08-.8.13-1.19.05-.39.09-.8.13-1.24h1.07c0 .3 0 .65-.03 1.04-.02.39-.03.7-.03.94-.03.64-.06 1.28-.08 1.9-.02.63-.03 1.24-.03 1.85 0 .58 0 1.23.03 1.95.02.73.04 1.38.08 1.95 0 .27 0 .53.03.79.02.25.03.52.03.79h-1.07l-.26-2.79c-.07-.81-.24-1.32-.51-1.52-.31-.2-.92-.36-1.84-.48s-2.18-.18-3.79-.18c-1.33 0-2.52 0-3.56.03-1.04.02-1.95.06-2.74.13v14.86c.78.24 1.57.38 2.35.43s1.53.08 2.25.08c1.06 0 2.16 0 3.3-.03a62.2 62.2 0 0 0 3.22-.13c1.01-.07 1.88-.14 2.61-.23.73-.08 1.22-.21 1.46-.38.44-.24.83-.85 1.17-1.85.34-1 .61-2.27.82-3.83h1.22c-.24 1.18-.43 2.46-.56 3.83-.14 1.37-.2 2.73-.2 4.08-.24 0-.46 0-.66.03-.2.02-.46.03-.76.03a197.13 197.13 0 0 1-6.79.11h-1.73c-.54 0-1.26 0-2.14-.03-.88-.02-1.6-.03-2.14-.03-1.26-.03-2.48-.06-3.67-.08-1.19-.02-2.29-.03-3.31-.03-.61 0-1.24 0-1.89.03-.65.02-1.24.04-1.79.08-.27 0-.54 0-.82.03-.27.02-.54.03-.82.03v-1.01c.31-.03.58-.06.82-.08.24-.02.51-.04.82-.08.65-.07 1.16-.16 1.53-.28.37-.12.64-.33.82-.63.24-.34.39-.84.46-1.52s.1-1.5.1-2.48V17.86Z"/>
    <path class="cls-1" d="M4.66 64.54h1.73l4.95 12.77H9.53l-1.42-3.89H3.03l-1.34 3.89H0l4.66-12.77Zm-1.17 7.54h4.12l-1.27-3.55c-.31-.84-.58-1.62-.83-2.66h-.03c-.15.84-.36 1.64-.64 2.44L3.5 72.07ZM22.63 64.54v7.38c0 1.69 0 5.6-4.75 5.6s-4.8-3.34-4.8-5.6v-7.38h1.61v7.37c0 1.55 0 4.1 3.05 4.1s3.27-1.8 3.27-4.1v-7.37h1.61ZM27.54 73.06c.02.29.08.82.32 1.3.68 1.37 2.36 1.64 3.25 1.64 1.68 0 3.02-.75 3.02-2.18 0-1.5-1.22-1.82-3.68-2.44-1.58-.39-3.97-.98-3.97-3.53 0-1.98 1.56-3.53 4.26-3.53s4.48 1.32 4.56 3.83l-1.54.12c-.08-.93-.44-2.44-2.95-2.44-1.05 0-2.8.32-2.8 1.91 0 1.11.68 1.52 2.9 2.03 2.22.52 4.76 1.12 4.76 3.92 0 2.12-1.73 3.82-4.49 3.82-2.92 0-4.24-1.18-4.87-2.75-.27-.7-.29-1.23-.31-1.57l1.53-.14ZM42.18 66.05H38.2v-1.52h9.61v1.52h-4.02v11.26h-1.61V66.05ZM50.81 64.54h5.37c.85 0 1.63.02 2.42.34 1.24.5 1.9 1.82 1.9 3.16 0 2.05-1.34 3.16-3.41 3.44v.04c.61.3 1.34.77 2.29 2.32l2.12 3.48h-2.02l-1.59-2.64c-1.73-2.87-2.29-3-3.63-3h-1.85v5.64H50.8V64.55Zm1.61 5.62h3.68c.64 0 1.61-.07 2.14-.61.39-.39.61-.95.61-1.52 0-.8-.42-1.44-.93-1.73-.51-.29-1.03-.36-1.66-.36h-3.83v4.21ZM64.52 64.54h1.61v12.77h-1.61V64.54ZM73.58 64.54h1.73l4.95 12.77h-1.81l-1.42-3.89h-5.07l-1.34 3.89h-1.7l4.66-12.77Zm-1.17 7.54h4.12l-1.27-3.55c-.31-.84-.58-1.62-.83-2.66h-.03c-.15.84-.36 1.64-.64 2.44l-1.34 3.76ZM82.85 64.54h1.64l6.34 10.02h.03V64.54h1.53v12.77h-1.64l-6.34-10.02h-.03v10.02h-1.53V64.54ZM102.34 64.54h8.78v1.52h-7.17v3.91h6.71v1.52h-6.71v4.32h7.46v1.52h-9.07V64.56ZM125.15 73.26c-.93 3.84-3.71 4.26-5.02 4.26-2.1 0-3.36-.77-4.12-1.68-1.24-1.5-1.58-3.58-1.58-5.01 0-4.5 2.75-6.51 5.71-6.51 2.17 0 4.09 1.11 4.8 3.73l-1.58.39c-.32-1.03-1-2.68-3.24-2.68-3.34 0-4.03 3-4.03 5.05 0 .55.03 2.69 1.05 3.94.75.93 1.83 1.32 2.85 1.32 2.31 0 3.24-1.69 3.56-3.25l1.59.43ZM133.69 64.32c3.31 0 5.8 2.52 5.8 6.62s-2.56 6.58-5.8 6.58c-3.8 0-5.81-3.17-5.81-6.44 0-4.53 2.66-6.76 5.81-6.76Zm-.02 11.75c2.22 0 4.15-1.62 4.15-5.14s-2.05-5.17-4.12-5.17c-1.29 0-2.58.59-3.31 1.71-.86 1.28-.86 3.23-.86 3.64 0 2.96 1.68 4.96 4.14 4.96ZM142.87 64.54h1.64l6.34 10.02h.03V64.54h1.53v12.77h-1.64l-6.34-10.02h-.03v10.02h-1.53V64.54ZM161.65 64.32c3.31 0 5.8 2.52 5.8 6.62s-2.56 6.58-5.8 6.58c-3.8 0-5.81-3.17-5.81-6.44 0-4.53 2.66-6.76 5.81-6.76Zm-.02 11.75c2.22 0 4.15-1.62 4.15-5.14s-2.05-5.17-4.12-5.17c-1.29 0-2.58.59-3.31 1.71-.86 1.28-.86 3.23-.86 3.64 0 2.96 1.68 4.96 4.14 4.96ZM170.79 64.54h2.41l2.86 9.04c.41 1.27.47 1.52.56 1.89h.03c.2-.7.25-.84.64-2.05l2.9-8.88h2.14v12.77h-1.53V66.63h-.03l-3.49 10.68h-1.44l-3.48-10.86h-.05v10.86h-1.53V64.54ZM186.44 64.54h1.61v12.77h-1.61V64.54ZM202.44 73.26c-.93 3.84-3.71 4.26-5.02 4.26-2.1 0-3.36-.77-4.12-1.68-1.24-1.5-1.58-3.58-1.58-5.01 0-4.5 2.75-6.51 5.71-6.51 2.17 0 4.09 1.11 4.8 3.73l-1.58.39c-.32-1.03-1-2.68-3.24-2.68-3.34 0-4.03 3-4.03 5.05 0 .55.03 2.69 1.05 3.94.75.93 1.83 1.32 2.85 1.32 2.31 0 3.24-1.69 3.56-3.25l1.59.43ZM206.66 73.06c.02.29.08.82.32 1.3.68 1.37 2.36 1.64 3.25 1.64 1.68 0 3.02-.75 3.02-2.18 0-1.5-1.22-1.82-3.68-2.44-1.58-.39-3.97-.98-3.97-3.53 0-1.98 1.56-3.53 4.26-3.53s4.48 1.32 4.56 3.83l-1.54.12c-.08-.93-.44-2.44-2.95-2.44-1.05 0-2.8.32-2.8 1.91 0 1.11.68 1.52 2.9 2.03 2.22.52 4.76 1.12 4.76 3.92 0 2.12-1.73 3.82-4.49 3.82-2.92 0-4.24-1.18-4.87-2.75-.27-.7-.29-1.23-.31-1.57l1.53-.14ZM218.13 75.52h1.7v1.78c0 .61 0 1.89-1.39 2.51l-.41-.66c.8-.38.92-1.11.93-1.86h-.83v-1.78ZM229.93 64.54h8.19v1.52h-6.58v3.96h5.7v1.52h-5.7v5.78h-1.61V64.55ZM241.55 64.54h5.37c.85 0 1.63.02 2.42.34 1.24.5 1.9 1.82 1.9 3.16 0 2.05-1.34 3.16-3.41 3.44v.04c.61.3 1.34.77 2.29 2.32l2.12 3.48h-2.02l-1.59-2.64c-1.73-2.87-2.29-3-3.63-3h-1.85v5.64h-1.61V64.55Zm1.61 5.62h3.68c.64 0 1.61-.07 2.14-.61.39-.39.61-.95.61-1.52 0-.8-.42-1.44-.93-1.73-.51-.29-1.03-.36-1.66-.36h-3.83v4.21ZM255.04 64.54h8.78v1.52h-7.17v3.91h6.71v1.52h-6.71v4.32h7.46v1.52h-9.07V64.56ZM267.62 64.54h8.78v1.52h-7.17v3.91h6.71v1.52h-6.71v4.32h7.46v1.52h-9.07V64.56ZM280.21 64.54h4.19c1.37 0 3.1 0 4.37 1.55.69.84 1.47 2.19 1.47 4.76 0 2.37-.7 4.12-1.75 5.17-1 1-2.47 1.28-3.92 1.28h-4.37V64.53Zm1.61 11.26h2.59c1.42 0 4.17.02 4.17-4.98.02-1.36-.2-2.94-1.31-3.96-.85-.8-1.86-.8-2.92-.8h-2.54v9.74ZM298.97 64.32c3.31 0 5.8 2.52 5.8 6.62s-2.56 6.58-5.8 6.58c-3.8 0-5.81-3.17-5.81-6.44 0-4.53 2.66-6.76 5.81-6.76Zm-.02 11.75c2.22 0 4.15-1.62 4.15-5.14s-2.05-5.17-4.12-5.17c-1.29 0-2.58.59-3.31 1.71-.86 1.28-.86 3.23-.86 3.64 0 2.96 1.68 4.96 4.14 4.96ZM308.1 64.54h2.41l2.87 9.04c.41 1.27.47 1.52.56 1.89h.03c.2-.7.25-.84.64-2.05l2.9-8.88h2.14v12.77h-1.53V66.63h-.03l-3.49 10.68h-1.44l-3.47-10.86h-.05v10.86h-1.53V64.54ZM323.73 75.52h1.7v1.78c0 .61 0 1.89-1.39 2.51l-.41-.66c.8-.38.92-1.11.93-1.86h-.83v-1.78ZM338.81 64.54h1.73l4.95 12.77h-1.81l-1.42-3.89h-5.07l-1.34 3.89h-1.7l4.66-12.77Zm-1.17 7.54h4.12l-1.27-3.55c-.3-.84-.58-1.62-.83-2.66h-.03c-.15.84-.36 1.64-.64 2.44l-1.34 3.76ZM348.08 64.54h1.64l6.34 10.02h.03V64.54h1.53v12.77h-1.64l-6.34-10.02h-.03v10.02h-1.53V64.54ZM361.6 64.54h4.19c1.37 0 3.1 0 4.37 1.55.7.84 1.47 2.19 1.47 4.76 0 2.37-.69 4.12-1.75 5.17-1 1-2.47 1.28-3.92 1.28h-4.37V64.53Zm1.61 11.26h2.59c1.42 0 4.17.02 4.17-4.98.02-1.36-.2-2.94-1.3-3.96-.85-.8-1.87-.8-2.92-.8h-2.54v9.74ZM381.04 64.54h4.58c1.08 0 2.53 0 3.51.86.83.71 1.17 1.84 1.17 2.84s-.29 2.05-1.02 2.82c-.9.95-2.44 1.09-3.36 1.09h-3.27v5.17h-1.61V64.55Zm1.61 6.08h3.12c.88 0 2.87-.09 2.87-2.34 0-.54-.15-1.21-.66-1.69-.56-.54-1.24-.54-2.24-.54h-3.08v4.57ZM393.65 64.54h8.78v1.52h-7.17v3.91h6.71v1.52h-6.71v4.32h7.46v1.52h-9.07V64.56ZM409.52 64.54h1.73l4.95 12.77h-1.81l-1.42-3.89h-5.07l-1.34 3.89h-1.7l4.66-12.77Zm-1.17 7.54h4.12l-1.27-3.55c-.3-.84-.58-1.62-.83-2.66h-.03c-.15.84-.36 1.64-.64 2.44l-1.34 3.76ZM428.52 73.26c-.93 3.84-3.71 4.26-5.02 4.26-2.1 0-3.36-.77-4.12-1.68-1.24-1.5-1.58-3.58-1.58-5.01 0-4.5 2.75-6.51 5.71-6.51 2.17 0 4.09 1.11 4.8 3.73l-1.58.39c-.32-1.03-1-2.68-3.24-2.68-3.34 0-4.03 3-4.03 5.05 0 .55.03 2.69 1.05 3.94.75.93 1.83 1.32 2.85 1.32 2.31 0 3.24-1.69 3.56-3.25l1.59.43ZM431.79 64.54h8.78v1.52h-7.17v3.91h6.71v1.52h-6.71v4.32h7.46v1.52h-9.07V64.56Z"/>
</svg>
" width="350" height="63" alt="Mises Institute" /> </a> </div> <div class="header__utility relative col-span-9 col-start-4 pl-2 border-b border-r border-misesGreyLight border-opacity-50 top-0 -lg:hidden xl:pl-9"> <div class="header__utility__container flex flex-row justify-start items-center h-full font-semibold"> <span class="font-normal"> <a href="/es" class="text-misesGreyDark text-opacity-70 hover:text-opacity-100">Ver en Español</a> </span> <div class="ml-auto"> <div class="flex flex-row flex-wrap justify-start items-center gap-4" data-component-id="mises:element-social-icons"> <a class="social-link-icon text-misesGreyDark text-opacity-70 hover:text-opacity-100 transition" href="https://facebook.com/mises.institute" target="_blank"> <span class="sr-only">Mises Facebook</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M18 2H15C13.6739 2 12.4021 2.52678 11.4645 3.46447C10.5268 4.40215 10 5.67392 10 7V10H7V14H10V22H14V14H17L18 10H14V7C14 6.73478 14.1054 6.48043 14.2929 6.29289C14.4804 6.10536 14.7348 6 15 6H18V2Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon text-misesGreyDark text-opacity-70 hover:text-opacity-100 transition" href="https://twitter.com/mises" target="_blank"> <span class="sr-only">Mises X</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" viewBox="0 0 16 16"> <path d="M12.6.75h2.454l-5.36 6.142L16 15.25h-4.937l-3.867-5.07-4.425 5.07H.316l5.733-6.57L0 .75h5.063l3.495 4.633L12.601.75Zm-.86 13.028h1.36L4.323 2.145H2.865l8.875 11.633Z"/> </svg> </span> </a> <a class="social-link-icon text-misesGreyDark text-opacity-70 hover:text-opacity-100 transition" href="https://instagram.com/misesinstitute" target="_blank"> <span class="sr-only">Mises Instagram</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M17 2H7C4.23858 2 2 4.23858 2 7V17C2 19.7614 4.23858 22 7 22H17C19.7614 22 22 19.7614 22 17V7C22 4.23858 19.7614 2 17 2Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M16 11.3698C16.1234 12.2021 15.9813 13.052 15.5938 13.7988C15.2063 14.5456 14.5932 15.1512 13.8416 15.5295C13.0901 15.9077 12.2385 16.0394 11.4078 15.9057C10.5771 15.7721 9.80977 15.3799 9.21485 14.785C8.61993 14.1901 8.22774 13.4227 8.09408 12.592C7.96042 11.7614 8.09208 10.9097 8.47034 10.1582C8.8486 9.40667 9.4542 8.79355 10.201 8.40605C10.9478 8.01856 11.7978 7.8764 12.63 7.99981C13.4789 8.1257 14.2649 8.52128 14.8717 9.12812C15.4785 9.73496 15.8741 10.5209 16 11.3698Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M17.5 6.5H17.51" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon text-misesGreyDark text-opacity-70 hover:text-opacity-100 transition" href="https://podcasts.apple.com/us/artist/mises-institute/1280664810" target="_blank"> <span class="sr-only">Mises itunes</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M21.408 10.0081C21.408 4.8241 17.184 0.600098 12 0.600098C6.81598 0.600098 2.59198 4.8241 2.59198 10.0081C2.59198 14.1601 5.27998 17.6641 9.02398 18.9121V20.4481C9.02398 22.0802 10.344 23.4241 12 23.4241C13.6559 23.4241 14.976 22.0801 14.976 20.4241V18.8881C18.696 17.6641 21.408 14.1361 21.408 10.0081ZM13.776 20.4241C13.776 21.4081 12.9839 22.2001 12 22.2001C11.016 22.2001 10.2239 21.4081 10.2239 20.4241V15.1921C10.2239 14.2081 11.016 13.4161 12 13.4161C12.9839 13.4161 13.776 14.2081 13.776 15.1921V20.4241ZM9.79198 10.0081C9.79198 8.78412 10.7999 7.7761 12.024 7.7761C13.248 7.7761 14.256 8.78406 14.256 10.0081C14.256 11.2321 13.248 12.2401 12.024 12.2401C10.7759 12.2161 9.79198 11.2321 9.79198 10.0081ZM13.824 12.8641C14.76 12.2641 15.408 11.2081 15.408 10.0081C15.408 8.13606 13.8719 6.6001 12 6.6001C10.1279 6.6001 8.59196 8.13612 8.59196 10.0081C8.59196 11.2081 9.21594 12.2641 10.1759 12.8641C9.69594 13.2481 9.33594 13.7521 9.16798 14.3521C7.72798 13.416 6.79198 11.8081 6.79198 9.98406C6.79198 7.10406 9.14398 4.75206 12 4.75206C14.88 4.75206 17.232 7.10406 17.232 9.98406C17.232 11.808 16.272 13.4161 14.856 14.3521C14.6639 13.7521 14.3039 13.2481 13.8239 12.8641H13.824ZM14.976 17.6641V15.6481C17.016 14.5681 18.408 12.4561 18.408 10.0081C18.4079 6.4561 15.528 3.6001 12 3.6001C8.47202 3.6001 5.61602 6.4801 5.61602 10.0081C5.61602 12.4561 7.00806 14.5921 9.04802 15.6481V17.6641C5.97602 16.4641 3.79202 13.4881 3.79202 10.0081C3.79202 5.4721 7.46402 1.7761 12 1.7761C16.536 1.7761 20.208 5.4721 20.208 9.9841C20.208 13.4881 18.048 16.4641 14.976 17.6641Z" /> </svg> </span> </a> <a class="social-link-icon text-misesGreyDark text-opacity-70 hover:text-opacity-100 transition" href="https://youtube.com/user/misesmedia" target="_blank" > <span class="sr-only">Mises Youtube</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M22.54 6.42C22.4212 5.94541 22.1793 5.51057 21.8387 5.15941C21.498 4.80824 21.0708 4.55318 20.6 4.42C18.88 4 12 4 12 4C12 4 5.12002 4 3.40002 4.46C2.92927 4.59318 2.502 4.84824 2.16137 5.19941C1.82074 5.55057 1.57881 5.98541 1.46002 6.46C1.14524 8.20556 0.991258 9.97631 1.00002 11.75C0.988802 13.537 1.14279 15.3213 1.46002 17.08C1.59098 17.5398 1.83833 17.9581 2.17817 18.2945C2.518 18.6308 2.93884 18.8738 3.40002 19C5.12002 19.46 12 19.46 12 19.46C12 19.46 18.88 19.46 20.6 19C21.0708 18.8668 21.498 18.6118 21.8387 18.2606C22.1793 17.9094 22.4212 17.4746 22.54 17C22.8524 15.2676 23.0063 13.5103 23 11.75C23.0112 9.96295 22.8573 8.1787 22.54 6.42Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M9.75 15.02L15.5 11.75L9.75 8.47998V15.02Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon text-misesGreyDark text-opacity-70 hover:text-opacity-100 transition" href="/rss.xml" target="_blank"> <span class="sr-only">Mises RSS feed</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M4 11C6.38695 11 8.67613 11.9482 10.364 13.636C12.0518 15.3239 13 17.6131 13 20" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M4 4C8.24346 4 12.3131 5.68571 15.3137 8.68629C18.3143 11.6869 20 15.7565 20 20" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M5 20C5.55228 20 6 19.5523 6 19C6 18.4477 5.55228 18 5 18C4.44772 18 4 18.4477 4 19C4 19.5523 4.44772 20 5 20Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> </div> </div> <div class="ml-2 h-full border-l border-misesGreyLight border-opacity-50"> <a class="inline-flex items-center py-2 px-3 uppercase no-underline text-misesGreenDark hover:text-misesGreen h-full" href="https://store.mises.org"> <span class="atom-svg mr-1 -lg:mr-2" data-component-id="mises:atom-svg"> <svg width="23" height="23" viewBox="0 0 23 23" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path fill-rule="evenodd" clip-rule="evenodd" d="M1 0.909668C0.447715 0.909668 0 1.35738 0 1.90967C0 2.46195 0.447715 2.90967 1 2.90967H3.8337L4.57892 6.63296C4.58323 6.66041 4.58867 6.68749 4.59517 6.71415L6.12031 14.3342L6.12048 14.335C6.24987 14.9854 6.60378 15.5696 7.12032 15.9854C7.63433 16.3992 8.2768 16.62 8.93636 16.6099H17.7971C18.4566 16.62 19.0991 16.3992 19.6131 15.9854C20.1299 15.5694 20.4839 14.9849 20.6131 14.3342L20.6131 14.3342L20.6146 14.3267L22.0759 6.66373C22.1317 6.37098 22.0541 6.06858 21.8641 5.83895C21.6741 5.60933 21.3916 5.4764 21.0936 5.4764H6.3871L5.63394 1.71341C5.5404 1.24605 5.13001 0.909668 4.65339 0.909668H1ZM8.08171 13.9431L6.7874 7.4764H19.8849L18.6514 13.9446L18.6508 13.9475C18.6126 14.1366 18.5093 14.3064 18.359 14.4275C18.2078 14.5491 18.0187 14.6138 17.8247 14.61L17.8056 14.6099H8.92785L8.90869 14.61C8.7147 14.6138 8.52559 14.5491 8.37446 14.4275C8.22332 14.3058 8.11979 14.1349 8.082 13.9446L8.08171 13.9431ZM8.3068 20.2632C8.35465 20.2632 8.39345 20.2244 8.39345 20.1766C8.39345 20.1287 8.35465 20.0899 8.3068 20.0899C8.25894 20.0899 8.22014 20.1287 8.22014 20.1766C8.22014 20.2244 8.25894 20.2632 8.3068 20.2632ZM6.39345 20.1766C6.39345 19.1199 7.25008 18.2632 8.3068 18.2632C9.36351 18.2632 10.2201 19.1199 10.2201 20.1766C10.2201 21.2333 9.36351 22.0899 8.3068 22.0899C7.25008 22.0899 6.39345 21.2333 6.39345 20.1766ZM18.3536 20.2632C18.4015 20.2632 18.4403 20.2244 18.4403 20.1766C18.4403 20.1287 18.4015 20.0899 18.3536 20.0899C18.3057 20.0899 18.2669 20.1287 18.2669 20.1766C18.2669 20.2244 18.3057 20.2632 18.3536 20.2632ZM16.4403 20.1766C16.4403 19.1199 17.2969 18.2632 18.3536 18.2632C19.4103 18.2632 20.2669 19.1199 20.2669 20.1766C20.2669 21.2333 19.4103 22.0899 18.3536 22.0899C17.2969 22.0899 16.4403 21.2333 16.4403 20.1766Z" /> </svg> </span> <span>Mises Store</span> </a> </div> <div class="h-full border-l border-misesGreyLight border-opacity-50"> <a href="/about-mises/subscribe" class="inline-flex items-center py-2 px-4 uppercase no-underline text-misesGreenDark hover:text-misesGreen h-full" data-component-id="mises:element-icon-link" > <span class="atom-svg mr-1 -lg:mr-2" data-component-id="mises:atom-svg"> <svg width="23" height="18" viewBox="0 0 23 18" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M22.099 1.50992C22.0986 1.4942 22.0978 1.4785 22.0966 1.46284C22.0956 1.45005 22.0943 1.43735 22.0928 1.42473C22.091 1.41005 22.0887 1.39544 22.0861 1.38084C22.0838 1.36766 22.0812 1.35459 22.0783 1.34164C22.0751 1.32779 22.0715 1.31407 22.0677 1.30037C22.064 1.28727 22.0602 1.2743 22.056 1.26149C22.0515 1.2481 22.0465 1.23492 22.0414 1.22175C22.0365 1.20914 22.0315 1.19666 22.026 1.1844C22.0202 1.17143 22.0139 1.15869 22.0075 1.14598C22.0014 1.13392 21.9951 1.12198 21.9885 1.11026C21.9815 1.09815 21.9742 1.08624 21.9667 1.07438C21.959 1.06243 21.9512 1.0507 21.943 1.03916C21.9353 1.02829 21.9273 1.01763 21.919 1.00704C21.9097 0.995138 21.9001 0.983563 21.8901 0.97218C21.8855 0.966811 21.8814 0.961104 21.8766 0.955818C21.8725 0.951356 21.868 0.947569 21.8638 0.943212C21.8536 0.932472 21.8429 0.922122 21.8321 0.911927C21.8221 0.902511 21.8121 0.893198 21.8017 0.884328C21.7915 0.875585 21.7809 0.867285 21.7703 0.85904C21.7587 0.850039 21.7471 0.841089 21.7351 0.832763C21.7247 0.8255 21.714 0.818781 21.7032 0.812011C21.6906 0.804022 21.6781 0.796084 21.6651 0.788848C21.6538 0.782468 21.6421 0.776736 21.6304 0.770873C21.6177 0.764491 21.6051 0.758084 21.5921 0.752404C21.5793 0.746748 21.5662 0.74182 21.553 0.736785C21.5406 0.732064 21.5283 0.727266 21.5157 0.723141C21.5019 0.718572 21.4877 0.714762 21.4736 0.710897C21.4611 0.707524 21.4487 0.704074 21.4361 0.701247C21.422 0.698108 21.4077 0.695645 21.3934 0.693206C21.38 0.690923 21.3667 0.688693 21.3532 0.687059C21.3397 0.685425 21.3261 0.684334 21.3124 0.683349C21.2976 0.682259 21.2828 0.681403 21.268 0.681092C21.2619 0.680954 21.2561 0.680176 21.25 0.680176H0.85C0.844293 0.680176 0.838794 0.680928 0.833087 0.681032C0.81742 0.681344 0.801752 0.682225 0.786136 0.683392C0.773217 0.684378 0.760404 0.68539 0.747693 0.686921C0.733426 0.688632 0.719263 0.690966 0.705047 0.693431C0.691507 0.695769 0.677966 0.698075 0.664685 0.701057C0.651298 0.704041 0.638123 0.707672 0.624841 0.711304C0.611454 0.714987 0.598072 0.718593 0.584946 0.722899C0.571664 0.727255 0.558596 0.732315 0.545465 0.737349C0.533066 0.742122 0.520615 0.74679 0.508474 0.752108C0.494934 0.758048 0.481699 0.764741 0.468418 0.771434C0.457262 0.777036 0.446106 0.78251 0.435268 0.78858C0.421987 0.796025 0.409017 0.804198 0.396047 0.812419C0.385671 0.819006 0.375191 0.825544 0.365128 0.832575C0.352937 0.841031 0.34116 0.850106 0.329384 0.859292C0.318903 0.867412 0.308528 0.875557 0.298465 0.884168C0.287985 0.893118 0.277868 0.902534 0.2677 0.912106C0.256961 0.922223 0.24643 0.932495 0.236209 0.943156C0.232059 0.94754 0.227496 0.951353 0.223395 0.955815C0.21857 0.961106 0.214523 0.966813 0.209854 0.972177C0.199945 0.983565 0.190296 0.995135 0.180954 1.00704C0.172706 1.01762 0.164664 1.02829 0.156987 1.03915C0.148789 1.0507 0.140956 1.06242 0.133329 1.07438C0.125806 1.08624 0.118491 1.09814 0.111539 1.11026C0.104898 1.12198 0.0986213 1.13391 0.0925002 1.14597C0.0860668 1.15869 0.0797895 1.17142 0.0739787 1.18439C0.0685313 1.19666 0.0634993 1.20914 0.0586224 1.22175C0.0534863 1.23492 0.0485052 1.2481 0.0440438 1.26148C0.0397938 1.2743 0.0360028 1.28727 0.0323191 1.30037C0.0284803 1.31407 0.0248488 1.32779 0.0216836 1.34164C0.0187787 1.35458 0.0162361 1.36766 0.0139018 1.38084C0.0113082 1.39544 0.00902494 1.41004 0.00720806 1.42473C0.00564973 1.43736 0.0043874 1.45006 0.00342124 1.46283C0.00217599 1.47853 0.00138063 1.49422 0.00103496 1.50991C0.000881963 1.51671 0 1.52333 0 1.53018V15.9802C0.000515459 16.4309 0.179788 16.863 0.498488 17.1817C0.817188 17.5004 1.24929 17.6797 1.7 17.6802H20.4C20.8507 17.6797 21.2828 17.5004 21.6015 17.1817C21.9202 16.863 22.0995 16.4309 22.1 15.9802V1.53018C22.1 1.52333 22.0991 1.51671 22.099 1.50992ZM1.7 3.46247L7.93752 9.18021L1.7 14.8979V3.46247ZM12.3401 8.54449L12.3395 8.54506L11.05 9.72709L3.03523 2.38018H19.0648L12.3401 8.54449ZM9.1955 10.3333L10.4756 11.5068C10.6324 11.6505 10.8373 11.7302 11.05 11.7302C11.2627 11.7302 11.4676 11.6505 11.6244 11.5068L12.9046 10.3333L19.0648 15.9802H3.03528L9.1955 10.3333ZM14.1625 9.18018L20.4002 3.46231L20.401 14.8987L14.1625 9.18018Z" /> </svg> </span> <span>Subscribe</span> </a> </div> <a href="/giving/now" class="mises-btn-green uppercase h-full items-center"> Support Mises </a> </div> </div> <div class="header__main col-span-9 col-start-4 row-start-2 border-r border-misesGreyLight border-opacity-50 -lg:row-start-1 -lg:col-span-5 -lg:border-none"> <div class="header__main__container flex flex-row justify-start items-center h-full -lg:hidden"> <nav class="header__main__desktop h-full flex-grow overflow-x-scroll no-scrollbar"> <ul class="menu menu--main-menu menu--main-menu--en menu--level-1"> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/wire" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="wire">Wire</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/power-market" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="taxonomy/term/5490">Power & Market</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/library" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="library">Library</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/podcasts" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="podcasts">Podcasts</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="https://www.youtube.com/user/misesmedia" class="menu__link menu__link--link menu__link--level-1" target="_blank">Video</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/events" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="events">Events</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/begin" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="begin">Beginners</a> </li> </ul> </nav> <div class="ml-auto h-full"> <form class="flex h-full border-l border-misesGreyLight min-w-[15rem] border-opacity-50" action="/search" data-component-id="mises:element-header-search" id="search-query-desktop-form"> <input class=" form-input flex-grow focus:ring border-none focus:ring-indigo-200 focus:ring-opacity-50 text-sm -lg:text-base " id="search-query-desktop-search-input" name="query" type="text" aria-label="Search" placeholder="Search mises.org" /> <button type="submit" id="search-query-desktop-submit" value="Submit" class="text-misesBlue p-4"> <span class="sr-only">Search</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="20" height="20" viewBox="0 0 20 20" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path fill-rule="evenodd" clip-rule="evenodd" d="M2 9C2 5.13401 5.13401 2 9 2C12.866 2 16 5.13401 16 9C16 10.886 15.2541 12.5978 14.0412 13.8566C14.0071 13.8828 13.9742 13.9116 13.9429 13.9429C13.9116 13.9742 13.8828 14.0071 13.8566 14.0412C12.5978 15.2541 10.886 16 9 16C5.13401 16 2 12.866 2 9ZM14.6177 16.0319C13.078 17.2635 11.125 18 9 18C4.02944 18 0 13.9706 0 9C0 4.02944 4.02944 0 9 0C13.9706 0 18 4.02944 18 9C18 11.125 17.2635 13.078 16.0319 14.6177L19.7071 18.2929C20.0977 18.6834 20.0977 19.3166 19.7071 19.7071C19.3166 20.0977 18.6834 20.0977 18.2929 19.7071L14.6177 16.0319Z" /> </svg> </span> </button> </form> </div> </div> <div class="header__main__container__mobile lg:hidden -lg:flex justify-end items-center h-full"> <div class="header-hamburger-wrapper flex text-misesBlue justify-center items-center flex-col border-r border-l border-misesGreyLight border-opacity-50 h-full w-14 relative group"> <button type="button" class="w-8 group flex flex-col gap-1 justify-center items-center" id="mobile-menu-button"> <span class="sr-only">Open Mobile Navigation</span> <span class="bg-misesBlue block transition-all duration-300 ease-out h-[4px] w-full rounded-sm -translate-y-0.5 group-hover:bg-misesBlueHover group-[.open]:bg-misesBlueHover group-[.open]:rotate-45 group-[.open]:translate-y-[0.7rem] "></span> <span class="bg-misesBlue block transition-all duration-300 ease-out h-[4px] w-full rounded-sm opacity-100 group-hover:bg-misesBlueHover group-[.open]:opacity-0"></span> <span class="bg-misesBlue block transition-all duration-300 ease-out h-[4px] w-full rounded-sm translate-y-0.5 group-hover:bg-misesBlueHover group-[.open]:bg-misesBlueHover group-[.open]:-rotate-45 group-[.open]:translate-y-[-0.3rem]"></span> </button> <div class="absolute bottom-0 w-full h-1 bg-misesBlueHover opacity-0 transition group-[.menu-open]:opacity-100"></div> </div> <div class="header-hamburger-wrapper flex justify-center items-center flex-col h-full p-2 w-14"> <button type="button" class="w-8 flex justify-center items-center flex-col text-misesBlue hover:text-misesBlueHover focus:text-misesBlueHover" id="mobile-search-button"> <span class="sr-only">Open Search</span> <span class="atom-svg flex flex-col items-center fill-svg w-6 h-6" data-component-id="mises:atom-svg"> <svg width="20" height="20" viewBox="0 0 20 20" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path fill-rule="evenodd" clip-rule="evenodd" d="M2 9C2 5.13401 5.13401 2 9 2C12.866 2 16 5.13401 16 9C16 10.886 15.2541 12.5978 14.0412 13.8566C14.0071 13.8828 13.9742 13.9116 13.9429 13.9429C13.9116 13.9742 13.8828 14.0071 13.8566 14.0412C12.5978 15.2541 10.886 16 9 16C5.13401 16 2 12.866 2 9ZM14.6177 16.0319C13.078 17.2635 11.125 18 9 18C4.02944 18 0 13.9706 0 9C0 4.02944 4.02944 0 9 0C13.9706 0 18 4.02944 18 9C18 11.125 17.2635 13.078 16.0319 14.6177L19.7071 18.2929C20.0977 18.6834 20.0977 19.3166 19.7071 19.7071C19.3166 20.0977 18.6834 20.0977 18.2929 19.7071L14.6177 16.0319Z" /> </svg> </span> </button> </div> </div> </div> </div> <div id="block-mobile-dropdown" class="block-mobile-dropdown absolute top-full left-0 bg-misesBlueDark text-white w-full z-50 py-7 overflow-hidden h-0 invisible opacity-0 ease-out duration-300 no-scrollbar" data-component-id="mises:block-header-mobile-dropdown"> <div class="container text-lg"> <nav class="block-mobile-dropdown__menu font-semibold"> <ul class="menu menu--main-menu menu--main-menu--en menu--level-1"> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/wire" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="wire">Wire</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/power-market" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="taxonomy/term/5490">Power & Market</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/library" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="library">Library</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/podcasts" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="podcasts">Podcasts</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="https://www.youtube.com/user/misesmedia" class="menu__link menu__link--link menu__link--level-1" target="_blank">Video</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/events" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="events">Events</a> </li> <li class="menu__item menu__item--link menu__item--level-1"> <a href="/begin" class="menu__link menu__link--link menu__link--level-1" data-drupal-link-system-path="begin">Beginners</a> </li> </ul> </nav> <nav class="block-mobile-dropdown__menu py-7 flex flex-col gap-7 font-semibold"> <a href="/es" class="text-white hover:underline focus:underlin">Ver en Español</a> <a class="inline-flex items-center py-2 px-3 uppercase no-underline text-misesGreenDark hover:text-misesGreen h-full -lg:px-0 text-white hover:text-white hover:underline focus:underline" href="https://store.mises.org"> <span class="atom-svg mr-1 -lg:mr-2" data-component-id="mises:atom-svg"> <svg width="23" height="23" viewBox="0 0 23 23" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path fill-rule="evenodd" clip-rule="evenodd" d="M1 0.909668C0.447715 0.909668 0 1.35738 0 1.90967C0 2.46195 0.447715 2.90967 1 2.90967H3.8337L4.57892 6.63296C4.58323 6.66041 4.58867 6.68749 4.59517 6.71415L6.12031 14.3342L6.12048 14.335C6.24987 14.9854 6.60378 15.5696 7.12032 15.9854C7.63433 16.3992 8.2768 16.62 8.93636 16.6099H17.7971C18.4566 16.62 19.0991 16.3992 19.6131 15.9854C20.1299 15.5694 20.4839 14.9849 20.6131 14.3342L20.6131 14.3342L20.6146 14.3267L22.0759 6.66373C22.1317 6.37098 22.0541 6.06858 21.8641 5.83895C21.6741 5.60933 21.3916 5.4764 21.0936 5.4764H6.3871L5.63394 1.71341C5.5404 1.24605 5.13001 0.909668 4.65339 0.909668H1ZM8.08171 13.9431L6.7874 7.4764H19.8849L18.6514 13.9446L18.6508 13.9475C18.6126 14.1366 18.5093 14.3064 18.359 14.4275C18.2078 14.5491 18.0187 14.6138 17.8247 14.61L17.8056 14.6099H8.92785L8.90869 14.61C8.7147 14.6138 8.52559 14.5491 8.37446 14.4275C8.22332 14.3058 8.11979 14.1349 8.082 13.9446L8.08171 13.9431ZM8.3068 20.2632C8.35465 20.2632 8.39345 20.2244 8.39345 20.1766C8.39345 20.1287 8.35465 20.0899 8.3068 20.0899C8.25894 20.0899 8.22014 20.1287 8.22014 20.1766C8.22014 20.2244 8.25894 20.2632 8.3068 20.2632ZM6.39345 20.1766C6.39345 19.1199 7.25008 18.2632 8.3068 18.2632C9.36351 18.2632 10.2201 19.1199 10.2201 20.1766C10.2201 21.2333 9.36351 22.0899 8.3068 22.0899C7.25008 22.0899 6.39345 21.2333 6.39345 20.1766ZM18.3536 20.2632C18.4015 20.2632 18.4403 20.2244 18.4403 20.1766C18.4403 20.1287 18.4015 20.0899 18.3536 20.0899C18.3057 20.0899 18.2669 20.1287 18.2669 20.1766C18.2669 20.2244 18.3057 20.2632 18.3536 20.2632ZM16.4403 20.1766C16.4403 19.1199 17.2969 18.2632 18.3536 18.2632C19.4103 18.2632 20.2669 19.1199 20.2669 20.1766C20.2669 21.2333 19.4103 22.0899 18.3536 22.0899C17.2969 22.0899 16.4403 21.2333 16.4403 20.1766Z" /> </svg> </span> <span>Mises Store</span> </a> <a href="/about-mises/subscribe" class="inline-flex items-center text-white hover:underline focus:underline" data-component-id="mises:element-icon-link" > <span class="atom-svg mr-1 -lg:mr-2" data-component-id="mises:atom-svg"> <svg width="23" height="18" viewBox="0 0 23 18" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M22.099 1.50992C22.0986 1.4942 22.0978 1.4785 22.0966 1.46284C22.0956 1.45005 22.0943 1.43735 22.0928 1.42473C22.091 1.41005 22.0887 1.39544 22.0861 1.38084C22.0838 1.36766 22.0812 1.35459 22.0783 1.34164C22.0751 1.32779 22.0715 1.31407 22.0677 1.30037C22.064 1.28727 22.0602 1.2743 22.056 1.26149C22.0515 1.2481 22.0465 1.23492 22.0414 1.22175C22.0365 1.20914 22.0315 1.19666 22.026 1.1844C22.0202 1.17143 22.0139 1.15869 22.0075 1.14598C22.0014 1.13392 21.9951 1.12198 21.9885 1.11026C21.9815 1.09815 21.9742 1.08624 21.9667 1.07438C21.959 1.06243 21.9512 1.0507 21.943 1.03916C21.9353 1.02829 21.9273 1.01763 21.919 1.00704C21.9097 0.995138 21.9001 0.983563 21.8901 0.97218C21.8855 0.966811 21.8814 0.961104 21.8766 0.955818C21.8725 0.951356 21.868 0.947569 21.8638 0.943212C21.8536 0.932472 21.8429 0.922122 21.8321 0.911927C21.8221 0.902511 21.8121 0.893198 21.8017 0.884328C21.7915 0.875585 21.7809 0.867285 21.7703 0.85904C21.7587 0.850039 21.7471 0.841089 21.7351 0.832763C21.7247 0.8255 21.714 0.818781 21.7032 0.812011C21.6906 0.804022 21.6781 0.796084 21.6651 0.788848C21.6538 0.782468 21.6421 0.776736 21.6304 0.770873C21.6177 0.764491 21.6051 0.758084 21.5921 0.752404C21.5793 0.746748 21.5662 0.74182 21.553 0.736785C21.5406 0.732064 21.5283 0.727266 21.5157 0.723141C21.5019 0.718572 21.4877 0.714762 21.4736 0.710897C21.4611 0.707524 21.4487 0.704074 21.4361 0.701247C21.422 0.698108 21.4077 0.695645 21.3934 0.693206C21.38 0.690923 21.3667 0.688693 21.3532 0.687059C21.3397 0.685425 21.3261 0.684334 21.3124 0.683349C21.2976 0.682259 21.2828 0.681403 21.268 0.681092C21.2619 0.680954 21.2561 0.680176 21.25 0.680176H0.85C0.844293 0.680176 0.838794 0.680928 0.833087 0.681032C0.81742 0.681344 0.801752 0.682225 0.786136 0.683392C0.773217 0.684378 0.760404 0.68539 0.747693 0.686921C0.733426 0.688632 0.719263 0.690966 0.705047 0.693431C0.691507 0.695769 0.677966 0.698075 0.664685 0.701057C0.651298 0.704041 0.638123 0.707672 0.624841 0.711304C0.611454 0.714987 0.598072 0.718593 0.584946 0.722899C0.571664 0.727255 0.558596 0.732315 0.545465 0.737349C0.533066 0.742122 0.520615 0.74679 0.508474 0.752108C0.494934 0.758048 0.481699 0.764741 0.468418 0.771434C0.457262 0.777036 0.446106 0.78251 0.435268 0.78858C0.421987 0.796025 0.409017 0.804198 0.396047 0.812419C0.385671 0.819006 0.375191 0.825544 0.365128 0.832575C0.352937 0.841031 0.34116 0.850106 0.329384 0.859292C0.318903 0.867412 0.308528 0.875557 0.298465 0.884168C0.287985 0.893118 0.277868 0.902534 0.2677 0.912106C0.256961 0.922223 0.24643 0.932495 0.236209 0.943156C0.232059 0.94754 0.227496 0.951353 0.223395 0.955815C0.21857 0.961106 0.214523 0.966813 0.209854 0.972177C0.199945 0.983565 0.190296 0.995135 0.180954 1.00704C0.172706 1.01762 0.164664 1.02829 0.156987 1.03915C0.148789 1.0507 0.140956 1.06242 0.133329 1.07438C0.125806 1.08624 0.118491 1.09814 0.111539 1.11026C0.104898 1.12198 0.0986213 1.13391 0.0925002 1.14597C0.0860668 1.15869 0.0797895 1.17142 0.0739787 1.18439C0.0685313 1.19666 0.0634993 1.20914 0.0586224 1.22175C0.0534863 1.23492 0.0485052 1.2481 0.0440438 1.26148C0.0397938 1.2743 0.0360028 1.28727 0.0323191 1.30037C0.0284803 1.31407 0.0248488 1.32779 0.0216836 1.34164C0.0187787 1.35458 0.0162361 1.36766 0.0139018 1.38084C0.0113082 1.39544 0.00902494 1.41004 0.00720806 1.42473C0.00564973 1.43736 0.0043874 1.45006 0.00342124 1.46283C0.00217599 1.47853 0.00138063 1.49422 0.00103496 1.50991C0.000881963 1.51671 0 1.52333 0 1.53018V15.9802C0.000515459 16.4309 0.179788 16.863 0.498488 17.1817C0.817188 17.5004 1.24929 17.6797 1.7 17.6802H20.4C20.8507 17.6797 21.2828 17.5004 21.6015 17.1817C21.9202 16.863 22.0995 16.4309 22.1 15.9802V1.53018C22.1 1.52333 22.0991 1.51671 22.099 1.50992ZM1.7 3.46247L7.93752 9.18021L1.7 14.8979V3.46247ZM12.3401 8.54449L12.3395 8.54506L11.05 9.72709L3.03523 2.38018H19.0648L12.3401 8.54449ZM9.1955 10.3333L10.4756 11.5068C10.6324 11.6505 10.8373 11.7302 11.05 11.7302C11.2627 11.7302 11.4676 11.6505 11.6244 11.5068L12.9046 10.3333L19.0648 15.9802H3.03528L9.1955 10.3333ZM14.1625 9.18018L20.4002 3.46231L20.401 14.8987L14.1625 9.18018Z" /> </svg> </span> <span>Subscribe</span> </a> </nav> <a href="/giving" class="block font-semibold w-full py-2 px-8 text-white bg-misesGreen no-underline font-crimsontext-white hover:bg-misesGreenDark focus:bg-misesGreenDark text-center mb-7"> Support Mises </a> <div class="flex flex-col justify-center items-center"> <div class="flex flex-row flex-wrap justify-start items-center gap-4" data-component-id="mises:element-social-icons"> <a class="social-link-icon" href="https://facebook.com/mises.institute" target="_blank"> <span class="sr-only">Mises Facebook</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M18 2H15C13.6739 2 12.4021 2.52678 11.4645 3.46447C10.5268 4.40215 10 5.67392 10 7V10H7V14H10V22H14V14H17L18 10H14V7C14 6.73478 14.1054 6.48043 14.2929 6.29289C14.4804 6.10536 14.7348 6 15 6H18V2Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon" href="https://twitter.com/mises" target="_blank"> <span class="sr-only">Mises X</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" viewBox="0 0 16 16"> <path d="M12.6.75h2.454l-5.36 6.142L16 15.25h-4.937l-3.867-5.07-4.425 5.07H.316l5.733-6.57L0 .75h5.063l3.495 4.633L12.601.75Zm-.86 13.028h1.36L4.323 2.145H2.865l8.875 11.633Z"/> </svg> </span> </a> <a class="social-link-icon" href="https://instagram.com/misesinstitute" target="_blank"> <span class="sr-only">Mises Instagram</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M17 2H7C4.23858 2 2 4.23858 2 7V17C2 19.7614 4.23858 22 7 22H17C19.7614 22 22 19.7614 22 17V7C22 4.23858 19.7614 2 17 2Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M16 11.3698C16.1234 12.2021 15.9813 13.052 15.5938 13.7988C15.2063 14.5456 14.5932 15.1512 13.8416 15.5295C13.0901 15.9077 12.2385 16.0394 11.4078 15.9057C10.5771 15.7721 9.80977 15.3799 9.21485 14.785C8.61993 14.1901 8.22774 13.4227 8.09408 12.592C7.96042 11.7614 8.09208 10.9097 8.47034 10.1582C8.8486 9.40667 9.4542 8.79355 10.201 8.40605C10.9478 8.01856 11.7978 7.8764 12.63 7.99981C13.4789 8.1257 14.2649 8.52128 14.8717 9.12812C15.4785 9.73496 15.8741 10.5209 16 11.3698Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M17.5 6.5H17.51" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon" href="https://podcasts.apple.com/us/artist/mises-institute/1280664810" target="_blank"> <span class="sr-only">Mises itunes</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M21.408 10.0081C21.408 4.8241 17.184 0.600098 12 0.600098C6.81598 0.600098 2.59198 4.8241 2.59198 10.0081C2.59198 14.1601 5.27998 17.6641 9.02398 18.9121V20.4481C9.02398 22.0802 10.344 23.4241 12 23.4241C13.6559 23.4241 14.976 22.0801 14.976 20.4241V18.8881C18.696 17.6641 21.408 14.1361 21.408 10.0081ZM13.776 20.4241C13.776 21.4081 12.9839 22.2001 12 22.2001C11.016 22.2001 10.2239 21.4081 10.2239 20.4241V15.1921C10.2239 14.2081 11.016 13.4161 12 13.4161C12.9839 13.4161 13.776 14.2081 13.776 15.1921V20.4241ZM9.79198 10.0081C9.79198 8.78412 10.7999 7.7761 12.024 7.7761C13.248 7.7761 14.256 8.78406 14.256 10.0081C14.256 11.2321 13.248 12.2401 12.024 12.2401C10.7759 12.2161 9.79198 11.2321 9.79198 10.0081ZM13.824 12.8641C14.76 12.2641 15.408 11.2081 15.408 10.0081C15.408 8.13606 13.8719 6.6001 12 6.6001C10.1279 6.6001 8.59196 8.13612 8.59196 10.0081C8.59196 11.2081 9.21594 12.2641 10.1759 12.8641C9.69594 13.2481 9.33594 13.7521 9.16798 14.3521C7.72798 13.416 6.79198 11.8081 6.79198 9.98406C6.79198 7.10406 9.14398 4.75206 12 4.75206C14.88 4.75206 17.232 7.10406 17.232 9.98406C17.232 11.808 16.272 13.4161 14.856 14.3521C14.6639 13.7521 14.3039 13.2481 13.8239 12.8641H13.824ZM14.976 17.6641V15.6481C17.016 14.5681 18.408 12.4561 18.408 10.0081C18.4079 6.4561 15.528 3.6001 12 3.6001C8.47202 3.6001 5.61602 6.4801 5.61602 10.0081C5.61602 12.4561 7.00806 14.5921 9.04802 15.6481V17.6641C5.97602 16.4641 3.79202 13.4881 3.79202 10.0081C3.79202 5.4721 7.46402 1.7761 12 1.7761C16.536 1.7761 20.208 5.4721 20.208 9.9841C20.208 13.4881 18.048 16.4641 14.976 17.6641Z" /> </svg> </span> </a> <a class="social-link-icon" href="https://youtube.com/user/misesmedia" target="_blank" > <span class="sr-only">Mises Youtube</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M22.54 6.42C22.4212 5.94541 22.1793 5.51057 21.8387 5.15941C21.498 4.80824 21.0708 4.55318 20.6 4.42C18.88 4 12 4 12 4C12 4 5.12002 4 3.40002 4.46C2.92927 4.59318 2.502 4.84824 2.16137 5.19941C1.82074 5.55057 1.57881 5.98541 1.46002 6.46C1.14524 8.20556 0.991258 9.97631 1.00002 11.75C0.988802 13.537 1.14279 15.3213 1.46002 17.08C1.59098 17.5398 1.83833 17.9581 2.17817 18.2945C2.518 18.6308 2.93884 18.8738 3.40002 19C5.12002 19.46 12 19.46 12 19.46C12 19.46 18.88 19.46 20.6 19C21.0708 18.8668 21.498 18.6118 21.8387 18.2606C22.1793 17.9094 22.4212 17.4746 22.54 17C22.8524 15.2676 23.0063 13.5103 23 11.75C23.0112 9.96295 22.8573 8.1787 22.54 6.42Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M9.75 15.02L15.5 11.75L9.75 8.47998V15.02Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon" href="/rss.xml" target="_blank"> <span class="sr-only">Mises RSS feed</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M4 11C6.38695 11 8.67613 11.9482 10.364 13.636C12.0518 15.3239 13 17.6131 13 20" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M4 4C8.24346 4 12.3131 5.68571 15.3137 8.68629C18.3143 11.6869 20 15.7565 20 20" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M5 20C5.55228 20 6 19.5523 6 19C6 18.4477 5.55228 18 5 18C4.44772 18 4 18.4477 4 19C4 19.5523 4.44772 20 5 20Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> </div> </div> </div> </div> <div id="header-mobile-search" class="bg-misesBlueDark flex flex-col justify-center items-center invisible h-0 opacity-0 ease-out duration-300 overflow-hidden" aria-expanded="false"> <div class="container py-7"> <form class="flex h-full min-w-[15rem] w-full" action="/search" data-component-id="mises:element-header-search" id="search-query-mobile-form"> <input class=" form-input flex-grow focus:ring border-none focus:ring-indigo-200 focus:ring-opacity-50 text-sm -lg:text-base " id="search-query-mobile-search-input" name="query" type="text" aria-label="Search" placeholder="Search mises.org" /> <button type="submit" id="search-query-mobile-submit" value="Submit" class="text-white bg-misesGreen p-4"> <span class="sr-only">Search</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="20" height="20" viewBox="0 0 20 20" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path fill-rule="evenodd" clip-rule="evenodd" d="M2 9C2 5.13401 5.13401 2 9 2C12.866 2 16 5.13401 16 9C16 10.886 15.2541 12.5978 14.0412 13.8566C14.0071 13.8828 13.9742 13.9116 13.9429 13.9429C13.9116 13.9742 13.8828 14.0071 13.8566 14.0412C12.5978 15.2541 10.886 16 9 16C5.13401 16 2 12.866 2 9ZM14.6177 16.0319C13.078 17.2635 11.125 18 9 18C4.02944 18 0 13.9706 0 9C0 4.02944 4.02944 0 9 0C13.9706 0 18 4.02944 18 9C18 11.125 17.2635 13.078 16.0319 14.6177L19.7071 18.2929C20.0977 18.6834 20.0977 19.3166 19.7071 19.7071C19.3166 20.0977 18.6834 20.0977 18.2929 19.7071L14.6177 16.0319Z" /> </svg> </span> </button> </form> </div> </div> </header> <div class="container lg:hidden -lg:flex flex-row justify-end items-center -mb-2"> <a href="/giving/now" class="mises-btn-green uppercase h-full items-center"> Support Mises </a> </div> </div> <div class="container mx-auto my-1 region--highlighted"> <div data-drupal-messages-fallback class="hidden"></div> </div> <main role="main" class="mb-7"> <a id="main-content" tabindex="-1"></a> <div class="pre-content container" role="complementary"> </div> <div id="block-mises-content"> <div class="container my-4"> <div data-component-id="mises:atom-heading" class="text-center text-misesGrey text-base"></div> </div> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "Organization", "url": "https://mises.org", "sameAs": [ "https://www.instagram.com/misesinstitute", "https://twitter.com/mises", "https://www.tiktok.com/@misesmedia", "https://www.linkedin.com/company/mises", "https://www.facebook.com/mises.institute", "https://en.wikipedia.org/wiki/Mises_Institute" ], "logo": "https://cdn.mises.org/mises-institute-logo-badge.svg", "name": "Mises Institute", "description": "The Mises Institute promotes Austrian economics, freedom, and peace in the liberal intellectual tradition of Ludwig von Mises through research, publishing, and education.", "email": "contact@mises.org", "telephone": "+1-334-321-2100", "address": { "@type": "PostalAddress", "streetAddress": "518 W Magnolia Ave", "addressLocality": "Auburn", "addressCountry": "US", "addressRegion": "Alabama", "postalCode": "36832-4571" }, "taxID": "52-1263436" } </script> <section class="grid -lg:grid-cols-1 grid-cols-12 gap-10 my-8 container"> <div class="-lg:col-span-full col-span-9 view-latest-articles"> <div class="view-latest-articles__wrapper"> <div class="view-latest-articles__row"> <div class="article-row"> <article data-component-id="mises:card-image-title-teaser-latest-4-mises-wire-articles" class="grid gap-2 grid-cols-12"> <section class="col-span-12 flex relative image-section"> <a href="/mises-wire/sacrificing-truth-leviathans-altar" class="max-w-full w-full"> <div class="border-t-4 lg:border-t-8 border-misesBlue border-top-style: solid relative"> <div> <img loading="eager" src="https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_Leviathan.jpeg.webp?itok=mITeuvEI" width="870" height="489" alt="Leviathan" title="Leviathan" /> </div> </div> </a> </section> <section class="col-span-12 flex flex-col body-section"> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/mises-wire/sacrificing-truth-leviathans-altar" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Sacrificing Truth on Leviathan’s Altar</a> </h2> <div class="font-myriad text-base my-3.5 teaser" > <div><p>There is truth, and then there is <em>government</em> truth. Unfortunately, today‘s ruling class wants us to believe that government (or at least government run by elites) is the source of truth, and not to believe our lying eyes.</p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-19T20:02:16Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"> <a href="/mises-wire" hreflang="en">Mises Wire</a> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/james-bovard" hreflang="en">James Bovard</a></span> </div> </section> </article> </div> </div> <div class="view-latest-articles__row"> <div class="article-row"> <article data-component-id="mises:card-image-title-teaser-latest-4-mises-wire-articles" class="grid gap-2 grid-cols-12"> <section class="col-span-12 flex relative image-section"> <a href="/mises-wire/class-warfare-exploitation-taxpayers-federal-workers" class="max-w-full w-full"> <div class="border-t-4 lg:border-t-8 border-misesBlue border-top-style: solid relative"> <div> <img loading="eager" src="https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_163943371.jpeg.webp?itok=e950Wkba" width="870" height="489" alt="federal" /> </div> </div> </a> </section> <section class="col-span-12 flex flex-col body-section"> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/mises-wire/class-warfare-exploitation-taxpayers-federal-workers" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Class Warfare: The Exploitation of Taxpayers by Federal Workers</a> </h2> <div class="font-myriad text-base my-3.5 teaser" > <div><p>The real class conflict is <em>not</em> between the capitalists and the workers. The real conflict is between the productive taxpayer class, and the parasite government class which exploits everyone else.</p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-19T16:00:00Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"> <a href="/mises-wire" hreflang="en">Mises Wire</a> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/ryan-mcmaken" hreflang="en">Ryan McMaken</a></span> </div> </section> </article> </div> </div> <div class="view-latest-articles__row"> <div class="article-row"> <article data-component-id="mises:card-image-title-teaser-latest-4-mises-wire-articles" class="grid gap-2 grid-cols-12"> <section class="col-span-12 flex relative image-section"> <a href="/mises-wire/trump-cannot-allow-declining-europe-drag-us-down" class="max-w-full w-full"> <div class="border-t-4 lg:border-t-8 border-misesBlue border-top-style: solid relative"> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/AdobeStock_687822576.jpeg.webp?itok=FAn5d6a6 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_687822576.jpeg.webp?itok=dW7QKHel 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/AdobeStock_687822576.jpeg.webp?itok=u_0gCfZh 1090w,/s3/files/styles/responsive_16_9_1310w/s3/images/2025-02/AdobeStock_687822576.jpeg.webp?itok=lk_IlZFw 1310w,/s3/files/styles/responsive_16_9_1530w/s3/images/2025-02/AdobeStock_687822576.jpeg.webp?itok=yyGowcck 1530w" loading="lazy" alt="A tattered European Union flag" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </div> </a> </section> <section class="col-span-12 flex flex-col body-section"> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/mises-wire/trump-cannot-allow-declining-europe-drag-us-down" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Trump Cannot Allow a Declining Europe to Drag the US Down</a> </h2> <div class="font-myriad text-base my-3.5 teaser" > <div><p>Recent comments from JD Vance and Pete Hegseth brought the relationship between the US and its allies in Europe into the spotlight. The unfortunate truth is that most of Europe is deep in a self-imposed decline. US taxpayers should not be forced to have any part of it.</p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-19T11:00:00Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"> <a href="/mises-wire" hreflang="en">Mises Wire</a> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/connor-okeeffe" hreflang="en">Connor O'Keeffe</a></span> </div> </section> </article> </div> </div> <div class="view-latest-articles__row"> <div class="article-row"> <article data-component-id="mises:card-image-title-teaser-latest-4-mises-wire-articles" class="grid gap-2 grid-cols-12"> <section class="col-span-12 flex relative image-section"> <a href="/mises-wire/grove-citys-mises-archives-now-available-online" class="max-w-full w-full"> <div class="border-t-4 lg:border-t-8 border-misesBlue border-top-style: solid relative"> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2024-10/Mises-at-Princeton-1958.jpg.webp?itok=YLc0C4uK 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2024-10/Mises-at-Princeton-1958.jpg.webp?itok=LE9tcH1C 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2024-10/Mises-at-Princeton-1958.jpg.webp?itok=mjugaHrt 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2024-10/Mises-at-Princeton-1958.jpg.webp?itok=v1VTob1i 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2024-10/Mises-at-Princeton-1958.jpg.webp?itok=lBfgCkBa 1530w" loading="lazy" alt="Mises at Princeton, 1958" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </div> </a> </section> <section class="col-span-12 flex flex-col body-section"> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/mises-wire/grove-citys-mises-archives-now-available-online" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Grove City’s Mises Archives Now Available Online</a> </h2> <div class="font-myriad text-base my-3.5 teaser" > <div><p>Our friends at Grove City College have accomplished an incredible feat, digitizing their archive of Ludwig von Mises’s personal papers.</p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-19T10:00:00Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"> <a href="/mises-wire" hreflang="en">Mises Wire</a> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/tho-bishop" hreflang="en">Tho Bishop</a></span> </div> </section> </article> </div> </div> </div> </div> <div class="-lg:col-span-full col-span-3"> <div class="bg-misesGreyBlue bg-opacity-50 p-4 h-full"> <div class="col-span-full flex justify-between mb-2 border-b border-b-misesGreyLight pb-2"> <a href="/power-market" class="font-crimson text-2xl font-normal leading-7 no-underline hover:text-misesBlueHover focus:text-misesBlueHov">Power & Market</a> </div> <div class="views-element-container"><div class="view view-home-page-views view-id-home_page_views view-display-id-power_and_markets js-view-dom-id-e15bd75132a093f5372395bc19c08fa37a94b6bf34a44a65708dd1221c6b1ff0"> <div class="view-content"> <article data-component-id="mises:card-title-author" class="mt-1 mb-2"> <section class="flex gap-1.5 flex-col"> <div class="font-myriad text-base font-semibold mb-0 leading-tight"> <a href="/power-market/when-ulysses-s-grant-tried-annex-dominican-republic" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> When Ulysses S. Grant Tried to Annex the Dominican Republic</a> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol leading-tight"> <span> <time datetime="2025-02-19T17:00:00Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/ryan-mcmaken" hreflang="en">Ryan McMaken</a></span> </div> </section> </article> <article data-component-id="mises:card-title-author" class="mt-1 mb-2"> <section class="flex gap-1.5 flex-col"> <div class="font-myriad text-base font-semibold mb-0 leading-tight"> <a href="/power-market/investment-best-left-private-enterprise" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Investment is Best Left to Private Enterprise</a> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol leading-tight"> <span> <time datetime="2025-02-19T13:01:44Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/eduard-bucher" hreflang="en">Eduard Bucher</a></span> </div> </section> </article> <article data-component-id="mises:card-title-author" class="mt-1 mb-2"> <section class="flex gap-1.5 flex-col"> <div class="font-myriad text-base font-semibold mb-0 leading-tight"> <a href="/power-market/downsizing-government" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Downsizing Government</a> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol leading-tight"> <span> <time datetime="2025-02-19T07:02:21Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/lipton-matthews" hreflang="en">Lipton Matthews</a></span> </div> </section> </article> <article data-component-id="mises:card-title-author" class="mt-1 mb-2"> <section class="flex gap-1.5 flex-col"> <div class="font-myriad text-base font-semibold mb-0 leading-tight"> <a href="/power-market/could-1929-happen-again" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Could 1929 Happen Again?</a> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol leading-tight"> <span> <time datetime="2025-02-19T07:02:22Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/dann-e-kroeger" hreflang="en">Dann E. Kroeger</a></span> </div> </section> </article> <article data-component-id="mises:card-title-author" class="mt-1 mb-2"> <section class="flex gap-1.5 flex-col"> <div class="font-myriad text-base font-semibold mb-0 leading-tight"> <a href="/power-market/trade-war-china-threatens-americas-bubble-economy" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Trade War with China Threatens America’s Bubble Economy</a> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol leading-tight"> <span> <time datetime="2025-02-18T13:00:00Z">02/18/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/brendan-brown" hreflang="en">Brendan Brown</a></span> </div> </section> </article> <article data-component-id="mises:card-title-author" class="mt-1 mb-2"> <section class="flex gap-1.5 flex-col"> <div class="font-myriad text-base font-semibold mb-0 leading-tight"> <a href="/power-market/can-we-really-cut-half-military-budget-you-bet" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Can We Really Cut Half of the Military Budget? You Bet!</a> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol leading-tight"> <span> <time datetime="2025-02-18T12:00:00Z">02/18/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/ron-paul" hreflang="en">Ron Paul</a></span> </div> </section> </article> </div> </div> </div> <div class="flex justify-end mt-4"> <a href="/power-market" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">Read Power & Market</a> </div> </div> </div> </section> <section class="grid -lg:grid-cols-1 grid-cols-12 gap-8 my-8 container"> <div class="-lg:col-span-full col-span-6 flex flex-col gap-8"> <div class="latest-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/isaac-newtons-place-history-economic-thought" class="max-w-full w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/AdobeStock_Isaac%20Newton.jpeg.webp?itok=2YIt-o3R 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_Isaac%20Newton.jpeg.webp?itok=-DCd4zC8 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/AdobeStock_Isaac%20Newton.jpeg.webp?itok=xBYAenJQ 1090w,/s3/files/styles/responsive_16_9_1310w/s3/images/2025-02/AdobeStock_Isaac%20Newton.jpeg.webp?itok=zAyxKeG3 1310w,/s3/files/styles/responsive_16_9_1530w/s3/images/2025-02/AdobeStock_Isaac%20Newton.jpeg.webp?itok=68_bfRUS 1530w" loading="lazy" alt="Isaac Newton" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </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/isaac-newtons-place-history-economic-thought" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Isaac Newton’s Place in the History of Economic Thought</a> </h2> <div class="font-myriad text-base my-2"> Isaac Newton is best known for his development of mathematics and physics, but he also took a keen interest in economics and especially the relationship of money to economic exchange. He also believed that economic laws, like gravity, were immutable. </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-19T09:02:17Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/claudio-restani" hreflang="en">Claudio Restani</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/trumps-revival-lincolns-colonization-plan" class="max-w-full w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <div> <img src="data:image/png;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/tl.png.webp?itok=_QxIn6oU 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/tl.png.webp?itok=so80L3zH 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/tl.png.webp?itok=Npvv0xLy 1090w,/s3/files/styles/responsive_16_9_1310w/s3/images/2025-02/tl.png.webp?itok=bxsBA4iR 1310w,/s3/files/styles/responsive_16_9_1530w/s3/images/2025-02/tl.png.webp?itok=pUe8r9si 1530w" loading="lazy" alt="tl" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </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/trumps-revival-lincolns-colonization-plan" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Trump’s Revival of Lincoln’s “Colonization” Plan</a> </h2> <div class="font-myriad text-base my-2"> Both Trump and Lincoln treat a group of people as lepers—i.e., Palestinians and blacks—who should be removed from society and denied property rights in their own country. </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-18T14:02:30Z">02/18/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/thomas-j-dilorenzo" hreflang="en">Thomas J. DiLorenzo</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/technocracy-movement-and-howard-scott" class="max-w-full w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/AdobeStock_Technocracy.jpeg.webp?itok=5uKJztR1 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_Technocracy.jpeg.webp?itok=tndAuHl8 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/AdobeStock_Technocracy.jpeg.webp?itok=5PoP58IV 1090w,/s3/files/styles/responsive_16_9_1310w/s3/images/2025-02/AdobeStock_Technocracy.jpeg.webp?itok=u74Abxwj 1310w,/s3/files/styles/responsive_16_9_1530w/s3/images/2025-02/AdobeStock_Technocracy.jpeg.webp?itok=5i8vvJ12 1530w" loading="lazy" alt="Technocracy" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </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/technocracy-movement-and-howard-scott" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> The Technocracy Movement and Howard Scott</a> </h2> <div class="font-myriad text-base my-2"> The Technocracy Movement was an offshoot of progressivism, and adherents believed that science and technology were the keys to creating a new Utopia. Not surprisingly, this “Utopia” was anti-individual freedom. </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-18T11:02:18Z">02/18/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/lukas-organ" hreflang="en">Lukas Organ </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/statist-egalitarianism-and-patriotism" class="max-w-full w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/AdobeStock_Egalitarianism.jpeg.webp?itok=iskvpwaC 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_Egalitarianism.jpeg.webp?itok=7mL7W6ov 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/AdobeStock_Egalitarianism.jpeg.webp?itok=lRRRl8Q7 1090w,/s3/files/styles/responsive_16_9_1310w/s3/images/2025-02/AdobeStock_Egalitarianism.jpeg.webp?itok=7X2mzEmH 1310w,/s3/files/styles/responsive_16_9_1530w/s3/images/2025-02/AdobeStock_Egalitarianism.jpeg.webp?itok=yOckyNDn 1530w" loading="lazy" alt="Egalitarianism" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </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/statist-egalitarianism-and-patriotism" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Statist Egalitarianism and Patriotism</a> </h2> <div class="font-myriad text-base my-2"> Modern progressives believe that one can only be loyal to one‘s nation by being loyal to the central government. Yet, American history shows that the “nation” is not the state but rather the community to which one belongs. </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-18T05:02:11Z">02/17/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/wanjiru-njoya" hreflang="en">Wanjiru Njoya</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/trump-must-cut-millions-tax-funded-private-jobs" class="max-w-full w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/png;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/usaid.png.webp?itok=prl9pi-L 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/usaid.png.webp?itok=yaVtbMdN 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/usaid.png.webp?itok=gQxtC0Qh 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2025-02/usaid.png.webp?itok=MrBa-PGV 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2025-02/usaid.png.webp?itok=uCa0Yojz 1530w" loading="lazy" alt="usaid" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </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/trump-must-cut-millions-tax-funded-private-jobs" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Trump Must Cut Millions of Tax-Funded “Private” Jobs</a> </h2> <div class="font-myriad text-base my-2"> There are more federal grantees and contractors at NGOs and private firms than there are “official” federal workers.  These faux “private“ jobs must be cut also. </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-17T21:00:00Z">02/17/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/ryan-mcmaken" hreflang="en">Ryan McMaken</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/purchasing-power-and-international-demand-dollars" class="max-w-full w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <div> <img src="data:image/jpeg;base64,/9j/4AAQSkZJRgABAQEAYABgAAD//gA7Q1JFQVRPUjogZ2QtanBlZyB2MS4wICh1c2luZyBJSkcgSlBFRyB2NjIpLCBxdWFsaXR5ID0gNzUK/9sAQwAIBgYHBgUIBwcHCQkICgwUDQwLCwwZEhMPFB0aHx4dGhwcICQuJyAiLCMcHCg3KSwwMTQ0NB8nOT04MjwuMzQy/9sAQwEJCQkMCwwYDQ0YMiEcITIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy/8AAEQgAFgAZAwEiAAIRAQMRAf/EAB8AAAEFAQEBAQEBAAAAAAAAAAABAgMEBQYHCAkKC//EALUQAAIBAwMCBAMFBQQEAAABfQECAwAEEQUSITFBBhNRYQcicRQygZGhCCNCscEVUtHwJDNicoIJChYXGBkaJSYnKCkqNDU2Nzg5OkNERUZHSElKU1RVVldYWVpjZGVmZ2hpanN0dXZ3eHl6g4SFhoeIiYqSk5SVlpeYmZqio6Slpqeoqaqys7S1tre4ubrCw8TFxsfIycrS09TV1tfY2drh4uPk5ebn6Onq8fLz9PX29/j5+v/EAB8BAAMBAQEBAQEBAQEAAAAAAAABAgMEBQYHCAkKC//EALURAAIBAgQEAwQHBQQEAAECdwABAgMRBAUhMQYSQVEHYXETIjKBCBRCkaGxwQkjM1LwFWJy0QoWJDThJfEXGBkaJicoKSo1Njc4OTpDREVGR0hJSlNUVVZXWFlaY2RlZmdoaWpzdHV2d3h5eoKDhIWGh4iJipKTlJWWl5iZmqKjpKWmp6ipqrKztLW2t7i5usLDxMXGx8jJytLT1NXW19jZ2uLj5OXm5+jp6vLz9PX29/j5+v/aAAwDAQACEQMRAD8A4291C9tkh+z3EoBQEqrbgBgdhnjr6f0qpZ61e2l5M8tzHc7dgJEIwpOCecL9P5ZqzMg+xWm1BlokyI+ARtXk579enrXN3aOl0+zzlBde6ehpyTTcIvRr7zjgqcarfKrn0/Hq5j0tDbzblKA8Gsb/AISGX0/WsTw3ZtaWk7NPDKsyR7TE24DAPX86vfZxXy+Om6deUIvRban0eFjzUlKS1Z5E0oNlaZzt8pMAeu1a5e5ZJLydEVMq6/ejHoaKK+mk/wB58kfO2tWkezp5402JYp3hO0HKcZGKgze/9BCf/vo0UV81S2Pqam5//9k=" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2025-02/AdobeStock_Currency%20exchange%20rate.jpeg.webp?itok=0wgYVYwi 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2025-02/AdobeStock_Currency%20exchange%20rate.jpeg.webp?itok=uU7V2pEh 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2025-02/AdobeStock_Currency%20exchange%20rate.jpeg.webp?itok=Jzy50MuZ 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2025-02/AdobeStock_Currency%20exchange%20rate.jpeg.webp?itok=zcGJZMDd 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2025-02/AdobeStock_Currency%20exchange%20rate.jpeg.webp?itok=37LOrRTs 1530w" loading="lazy" alt="Currency exchange rate" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </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/purchasing-power-and-international-demand-dollars" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Purchasing Power and the International Demand for Dollars</a> </h2> <div class="font-myriad text-base my-2"> What determines currency exchange rates? While “experts” present a number of theories such as trade balance, the most important factor is the purchasing power of the currencies in question. </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-17T11:02:29Z">02/17/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/frank-shostak" hreflang="en">Frank Shostak</a></span> </div> </section> </article> <div class="flex justify-start mt-4"> <a href="/wire" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">Read More at Mises Wire</a> </div> </div> <div class="relative p-10 py-8 bg-misesGreyBlue bg-opacity-50" data-component-id="mises:element-homepage-gb"> <div class="font-crimson text-black text-2xl"> <div>What Has Government Done to Our Money?</div> </div> <div class="border-solid border-t-0 border-x-0 border-2 border-black opacity-[15%] pb-[10px]"></div> <div class="pt-6 grid -lg:grid-cols-1 grid-cols-2 gap-12"> <div class="inline-flex flex-col items-start gap-[21px]"> <div class="font-myriad text-base"> <div>In the last few years, many Americans have started to see the truth about the Federal Reserve. Putting this book in their hands at this moment will have a profound effect for the better.</div> </div> <div class="font-myriad text-base"> <a href=https://mises.org/money class="mises-btn-blue-outline-green-hover">Order Your Free Copy Today</a> </div> <div class="font-myriad text-base"> <a href=https://mises.org/MoneyINT class="mises-btn-blue-outline-green-hover">International Customers Order Here</a> </div> </div> <div class="-lg:hidden block"> <a href="https://mises.org/money"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_650w/s3/images/2024-04/What-Has-Government-Done_Rothbard_20240426.jpg.webp?itok=178UD-Dx 650w,https://cdn.mises.org/styles/responsive_870w/s3/images/2024-04/What-Has-Government-Done_Rothbard_20240426.jpg.webp?itok=yAXCBAZi 870w,https://cdn.mises.org/styles/responsive_1090w/s3/images/2024-04/What-Has-Government-Done_Rothbard_20240426.jpg.webp?itok=rznMcVrI 1090w,https://cdn.mises.org/styles/responsive_1310w/s3/images/2024-04/What-Has-Government-Done_Rothbard_20240426.jpg.webp?itok=F5lZhaUF 1310w,https://cdn.mises.org/styles/responsive_1530w/s3/images/2024-04/What-Has-Government-Done_Rothbard_20240426.jpg.webp?itok=XFXdOmfd 1530w" loading="lazy" alt="What Has Government Done to Our Money?" width="1500" height="2400" data-multiplier="1x" data-lqp="1" /> </div> </a> </div> </div> </div> </div> <div class="-lg:col-span-full col-span-6 flex flex-col gap-8"> <div class="podcast-section bg-misesGreyBlue bg-opacity-50 p-10"> <div class="col-span-full flex justify-between mb-2 border-b border-b-misesGreyLight pb-2"> <a href="/podcasts" class="font-crimson text-2xl font-normal leading-7 no-underline hover:text-misesBlueHover focus:text-misesBlueHov">Podcasts</a> </div> <div class="views-element-container"><div class="view view-home-page-views view-id-home_page_views view-display-id-latest_podcasts js-view-dom-id-561aeb5a06bfa0536b32cb29116cdab32cb1a6404dd19319d577f1eb057eb9e3"> <div class="view-content"> <article data-component-id="mises:card-image-title-teaser-latest-podcasts" class="-lg:mb-[30px] mb-10 last:mb-0 grid -lg:gap-0 gap-[30px] grid-cols-12 first:mt-4"> <section class="-lg:col-span-12 -lg:mb-2.5 col-span-4 flex"> <a href="/podcasts/radio-rothbard/mortgage-markets-and-crony-capitalism" class="max-w-full w-full"> <div> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_1_1_650w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=fADyQ_pr 650w,https://cdn.mises.org/styles/responsive_1_1_870w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=f7gYwt47 870w,https://cdn.mises.org/styles/responsive_1_1_1090w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=fOApoInJ 1090w,https://cdn.mises.org/styles/responsive_1_1_1310w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=6_twVRZR 1310w,https://cdn.mises.org/styles/responsive_1_1_1530w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=Zgbk6vGE 1530w" loading="lazy" alt="Radio Rothbard" width="650" height="650" data-multiplier="1x" data-lqp="1" data-ratio="1:1" /> </div> </div> </div> </a> </section> <section class="-lg:col-span-12 col-span-8 flex flex-col"> <div class=" font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol text-sm text-black opacity-60"> <div> <div><a href="/podcasts/radio-rothbard" hreflang="en">Radio Rothbard</a></div> </div> </div> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/podcasts/radio-rothbard/mortgage-markets-and-crony-capitalism" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Mortgage Markets and Crony Capitalism</a> </h2> <div class="font-myriad text-base my-2"> <div><p>America’s residential mortgage market is mostly controlled by government.</p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-19T08:02:19Z">02/19/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/ryan-mcmaken" hreflang="en">Ryan McMaken</a></span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/alex-j-pollock" hreflang="en">Alex J. Pollock</a></span> </div> </section> </article> <article data-component-id="mises:card-image-title-teaser-latest-podcasts" class="-lg:mb-[30px] mb-10 last:mb-0 grid -lg:gap-0 gap-[30px] grid-cols-12 first:mt-4"> <section class="-lg:col-span-12 -lg:mb-2.5 col-span-4 flex"> <a href="/podcasts/minor-issues/tariff-increases-vs-tax-cuts" class="max-w-full w-full"> <div> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_1_1_650w/s3/images/2024-03/Minor-Issues_720p_20240308.jpg.webp?itok=Hl5ZzzSM 650w,https://cdn.mises.org/styles/responsive_1_1_870w/s3/images/2024-03/Minor-Issues_720p_20240308.jpg.webp?itok=-CTow6hf 870w,https://cdn.mises.org/styles/responsive_1_1_1090w/s3/images/2024-03/Minor-Issues_720p_20240308.jpg.webp?itok=fkKCWNgJ 1090w,https://cdn.mises.org/styles/responsive_1_1_1310w/s3/images/2024-03/Minor-Issues_720p_20240308.jpg.webp?itok=DWbTrU5u 1310w,https://cdn.mises.org/styles/responsive_1_1_1530w/s3/images/2024-03/Minor-Issues_720p_20240308.jpg.webp?itok=XBfRv4_X 1530w" loading="lazy" alt="Minor Issues" width="650" height="650" data-multiplier="1x" data-lqp="1" data-ratio="1:1" /> </div> </div> </div> </a> </section> <section class="-lg:col-span-12 col-span-8 flex flex-col"> <div class=" font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol text-sm text-black opacity-60"> <div> <div><a href="/podcasts/minor-issues" hreflang="en">Minor Issues</a></div> </div> </div> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/podcasts/minor-issues/tariff-increases-vs-tax-cuts" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Tariff Increases vs. Tax Cuts</a> </h2> <div class="font-myriad text-base my-2"> <div><p>The latest political hot potato puts our standard of living at a critical crossroads. Mark Thornton identifies the missing road signs. </p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-15T12:00:00Z">02/15/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/mark-thornton" hreflang="en">Mark Thornton</a></span> </div> </section> </article> <article data-component-id="mises:card-image-title-teaser-latest-podcasts" class="-lg:mb-[30px] mb-10 last:mb-0 grid -lg:gap-0 gap-[30px] grid-cols-12 first:mt-4"> <section class="-lg:col-span-12 -lg:mb-2.5 col-span-4 flex"> <a href="/podcasts/human-action-podcast/unpacking-document-spells-out-trumps-tariff-strategy" class="max-w-full w-full"> <div> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_1_1_650w/s3/images/2024-03/HAPod_1920x1080.jpg.webp?itok=G1354wIN 650w,https://cdn.mises.org/styles/responsive_1_1_870w/s3/images/2024-03/HAPod_1920x1080.jpg.webp?itok=D6tItQhv 870w,https://cdn.mises.org/styles/responsive_1_1_1090w/s3/images/2024-03/HAPod_1920x1080.jpg.webp?itok=-ASlILVh 1090w,https://cdn.mises.org/styles/responsive_1_1_1310w/s3/images/2024-03/HAPod_1920x1080.jpg.webp?itok=mvfkbfV2 1310w,https://cdn.mises.org/styles/responsive_1_1_1530w/s3/images/2024-03/HAPod_1920x1080.jpg.webp?itok=TKSo65bJ 1530w" loading="lazy" alt="Human Action Podcast" width="650" height="650" data-multiplier="1x" data-lqp="1" data-ratio="1:1" /> </div> </div> </div> </a> </section> <section class="-lg:col-span-12 col-span-8 flex flex-col"> <div class=" font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol text-sm text-black opacity-60"> <div> <div><a href="/podcasts/human-action-podcast" hreflang="en">The Human Action Podcast</a></div> </div> </div> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/podcasts/human-action-podcast/unpacking-document-spells-out-trumps-tariff-strategy" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Unpacking the Document that Spells Out Trump’s Tariff Strategy</a> </h2> <div class="font-myriad text-base my-2"> <div><p>Economics Professor Josh Hendrickson breaks down a little-known document from Trump’s incoming economic adviser, revealing their strategic theory behind tariffs.</p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-14T14:32:31Z">02/14/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/robert-p-murphy" hreflang="en">Robert P. Murphy</a></span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/joshua-hendrickson" hreflang="en">Joshua Hendrickson</a></span> </div> </section> </article> <article data-component-id="mises:card-image-title-teaser-latest-podcasts" class="-lg:mb-[30px] mb-10 last:mb-0 grid -lg:gap-0 gap-[30px] grid-cols-12 first:mt-4"> <section class="-lg:col-span-12 -lg:mb-2.5 col-span-4 flex"> <a href="/podcasts/radio-rothbard/there-trump-doctrine-foreign-policy" class="max-w-full w-full"> <div> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_1_1_650w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=fADyQ_pr 650w,https://cdn.mises.org/styles/responsive_1_1_870w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=f7gYwt47 870w,https://cdn.mises.org/styles/responsive_1_1_1090w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=fOApoInJ 1090w,https://cdn.mises.org/styles/responsive_1_1_1310w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=6_twVRZR 1310w,https://cdn.mises.org/styles/responsive_1_1_1530w/s3/images/2024-03/RadioRothbard_1920x1080_20240307.jpg.webp?itok=Zgbk6vGE 1530w" loading="lazy" alt="Radio Rothbard" width="650" height="650" data-multiplier="1x" data-lqp="1" data-ratio="1:1" /> </div> </div> </div> </a> </section> <section class="-lg:col-span-12 col-span-8 flex flex-col"> <div class=" font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol text-sm text-black opacity-60"> <div> <div><a href="/podcasts/radio-rothbard" hreflang="en">Radio Rothbard</a></div> </div> </div> <h2 class="font-crimson font-medium text-2xl text-misesBlue mt-0 leading-tight"> <a href="/podcasts/radio-rothbard/there-trump-doctrine-foreign-policy" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Is There a Trump Doctrine in Foreign Policy?</a> </h2> <div class="font-myriad text-base my-2"> <div><p>Ryan and Zachary Yost try to figure out if there is any consistent philosophy that guides Donald Trump's foreign policy. </p></div> </div> <div data-component-id="mises:element-article-details" class="font-myriad flex flex-row flex-wrap gap-1 mb-1.5 font-semibol"> <span> <time datetime="2025-02-13T20:02:00Z">02/13/2025</time> </span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/ryan-mcmaken" hreflang="en">Ryan McMaken</a></span> <span aria-hidden="true">•</span> <span class="mises-link"><a href="/profile/zachary-yost" hreflang="en">Zachary Yost</a></span> </div> </section> </article> </div> </div> </div> <div class="flex justify-end mt-4"> <a href="/podcasts" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">View All Podcasts</a> </div> </div> <div class="events-section"> <div class="col-span-full flex justify-between mb-2 border-b border-b-misesGreyLight pb-2"> <a href="/events" class="font-crimson text-2xl font-normal leading-7 no-underline hover:text-misesBlueHover focus:text-misesBlueHov">Events</a> </div> <div class="views-element-container"><div class="view view-home-page-views view-id-home_page_views view-display-id-events js-view-dom-id-ef9327262561ec6dff5bdb4bf83db9ab43090f9e6ef8ecaa4669207e8d3a300b"> <div class="view-content"> <article class="card-event-list border-b border-b-misesGreyLight pb-5 my-5 last:border-0 last:pb-0 last:mb-0" data-component-id="mises:card-event-list"> <div class="card-event-list__wrapper grid gap-3 grid-cols-3"> <div class="card-event-list__image-wrapper col-span-3 lg:col-span-1 flex flex-col"> <a href="/events/educating-liberty-mises-circle-tampa" class="max-w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2024-10/16x9%20Ratio.jpg.webp?itok=rBS7lfAc 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2024-10/16x9%20Ratio.jpg.webp?itok=f4dOGOFG 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2024-10/16x9%20Ratio.jpg.webp?itok=bvvDlzkb 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2024-10/16x9%20Ratio.jpg.webp?itok=_VcomPBG 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2024-10/16x9%20Ratio.jpg.webp?itok=EbasOrmr 1530w" loading="lazy" alt="Tampa Circle 2025" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </a> </div> <div class="col-span-3 lg:col-span-2 flex flex-col gap-2"> <div class="card-event-list__title font-crimson font-medium text-2xl mb-0 leading-tight [text-wrap:balance]"> <a href="/events/educating-liberty-mises-circle-tampa" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Educating for Liberty: Mises Circle in Tampa</a> </div> <div class="flex flex-row flex-wrap gap-1 font-myriad text-misesGreyDark"> <div class="flex flex-row flex-wrap gap-1"> <time datetime="2025-02-22T15:00:00Z">February 22, 2025</time> - <time datetime="2025-02-22T19:00:23Z">February 22, 2025</time> </div> <span aria-hidden="true">•</span> <div>Tampa, FL</div> </div> <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>Join the Mises Institute for its fifth year in a row in Tampa for an exciting discussion on the future of academia and alternatives to state-controlled education.</p> </div> </div> </div> </article> <article class="card-event-list border-b border-b-misesGreyLight pb-5 my-5 last:border-0 last:pb-0 last:mb-0" data-component-id="mises:card-event-list"> <div class="card-event-list__wrapper grid gap-3 grid-cols-3"> <div class="card-event-list__image-wrapper col-span-3 lg:col-span-1 flex flex-col"> <a href="/events/mises-apprenticeship-2025" class="max-w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/png;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/apprenticeship_750x615_2023.png.webp?itok=44LktM1M 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/apprenticeship_750x615_2023.png.webp?itok=H5lzsjME 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/apprenticeship_750x615_2023.png.webp?itok=jGhb-W-- 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/apprenticeship_750x615_2023.png.webp?itok=SMnJxm_k 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/apprenticeship_750x615_2023.png.webp?itok=TYCDd8MN 1530w" loading="lazy" alt="Mises Apprenticeship Program" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </a> </div> <div class="col-span-3 lg:col-span-2 flex flex-col gap-2"> <div class="card-event-list__title font-crimson font-medium text-2xl mb-0 leading-tight [text-wrap:balance]"> <a href="/events/mises-apprenticeship-2025" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Mises Apprenticeship 2025</a> </div> <div class="flex flex-row flex-wrap gap-1 font-myriad text-misesGreyDark"> <div class="flex flex-row flex-wrap gap-1"> <time datetime="2025-03-18T05:00:00Z">March 18, 2025</time> </div> <span aria-hidden="true">•</span> <div>Virtual</div> </div> <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>The Mises Apprenticeship is designed for those who want to engage in the battlefield of ideas from outside the constrained and stagnant ivory tower.</p> </div> </div> </div> </article> <article class="card-event-list border-b border-b-misesGreyLight pb-5 my-5 last:border-0 last:pb-0 last:mb-0" data-component-id="mises:card-event-list"> <div class="card-event-list__wrapper grid gap-3 grid-cols-3"> <div class="card-event-list__image-wrapper col-span-3 lg:col-span-1 flex flex-col"> <a href="/events/libertarian-scholars-conference-2025" class="max-w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/jpeg;base64,/9j/4AAQSkZJRgABAQEAYABgAAD//gA7Q1JFQVRPUjogZ2QtanBlZyB2MS4wICh1c2luZyBJSkcgSlBFRyB2NjIpLCBxdWFsaXR5ID0gNzUK/9sAQwAIBgYHBgUIBwcHCQkICgwUDQwLCwwZEhMPFB0aHx4dGhwcICQuJyAiLCMcHCg3KSwwMTQ0NB8nOT04MjwuMzQy/9sAQwEJCQkMCwwYDQ0YMiEcITIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIyMjIy/8AAEQgADQAZAwEiAAIRAQMRAf/EAB8AAAEFAQEBAQEBAAAAAAAAAAABAgMEBQYHCAkKC//EALUQAAIBAwMCBAMFBQQEAAABfQECAwAEEQUSITFBBhNRYQcicRQygZGhCCNCscEVUtHwJDNicoIJChYXGBkaJSYnKCkqNDU2Nzg5OkNERUZHSElKU1RVVldYWVpjZGVmZ2hpanN0dXZ3eHl6g4SFhoeIiYqSk5SVlpeYmZqio6Slpqeoqaqys7S1tre4ubrCw8TFxsfIycrS09TV1tfY2drh4uPk5ebn6Onq8fLz9PX29/j5+v/EAB8BAAMBAQEBAQEBAQEAAAAAAAABAgMEBQYHCAkKC//EALURAAIBAgQEAwQHBQQEAAECdwABAgMRBAUhMQYSQVEHYXETIjKBCBRCkaGxwQkjM1LwFWJy0QoWJDThJfEXGBkaJicoKSo1Njc4OTpDREVGR0hJSlNUVVZXWFlaY2RlZmdoaWpzdHV2d3h5eoKDhIWGh4iJipKTlJWWl5iZmqKjpKWmp6ipqrKztLW2t7i5usLDxMXGx8jJytLT1NXW19jZ2uLj5OXm5+jp6vLz9PX29/j5+v/aAAwDAQACEQMRAD8A8t0CxtLnS7+a5jLFFIRskbMKTkY69q6T4dWUl8lysmj6bd2vzAz3KIzo/wApAG5hx/iaztFnVrprNYI1h3lWGOTlcEg9uK238OWYZfsii2I+9sGdwx0NAHV3ekaVHpt066NpTJHH8r/Y4gxOCSTiT0XjHvXhG+vSX8JIUOb+YBuoGRkZye/ej/hD9E/59X/7+t/jQB//2Q==" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2024-03/LSC%202025%20email%20blast%20%281200x630%29.jpg.webp?itok=19dO5r0o 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2024-03/LSC%202025%20email%20blast%20%281200x630%29.jpg.webp?itok=gUjtOxQ2 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2024-03/LSC%202025%20email%20blast%20%281200x630%29.jpg.webp?itok=gZXacd9n 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2024-03/LSC%202025%20email%20blast%20%281200x630%29.jpg.webp?itok=v7o0KVII 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2024-03/LSC%202025%20email%20blast%20%281200x630%29.jpg.webp?itok=L7SVkQ0n 1530w" loading="lazy" alt="Libertarian Scholars Conference 2025" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </a> </div> <div class="col-span-3 lg:col-span-2 flex flex-col gap-2"> <div class="card-event-list__title font-crimson font-medium text-2xl mb-0 leading-tight [text-wrap:balance]"> <a href="/events/libertarian-scholars-conference-2025" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Libertarian Scholars Conference 2025</a> </div> <div class="flex flex-row flex-wrap gap-1 font-myriad text-misesGreyDark"> <div class="flex flex-row flex-wrap gap-1"> <time datetime="2025-03-20T17:00:00Z">March 20, 2025</time> - <time datetime="2025-03-20T22:30:00Z">March 20, 2025</time> </div> <span aria-hidden="true">•</span> <div>Auburn, AL</div> </div> <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>Join us in Auburn in March for Libertarian Scholars Conference 2025. </p> </div> </div> </div> </article> <article class="card-event-list border-b border-b-misesGreyLight pb-5 my-5 last:border-0 last:pb-0 last:mb-0" data-component-id="mises:card-event-list"> <div class="card-event-list__wrapper grid gap-3 grid-cols-3"> <div class="card-event-list__image-wrapper col-span-3 lg:col-span-1 flex flex-col"> <a href="/events/austrian-economics-research-conference-2025" class="max-w-full"> <div class="border-t-4 md:border-t-8 border-misesBlue border-top-style: solid"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/static-page/img/aerc1200x600_1.jpg.webp?itok=OkWWfLDy 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/static-page/img/aerc1200x600_1.jpg.webp?itok=28JAnrsS 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/static-page/img/aerc1200x600_1.jpg.webp?itok=9JlFPsFf 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/static-page/img/aerc1200x600_1.jpg.webp?itok=Yk-cwT0y 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/static-page/img/aerc1200x600_1.jpg.webp?itok=PjzsFR-m 1530w" loading="lazy" alt="AERC 2024" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </a> </div> <div class="col-span-3 lg:col-span-2 flex flex-col gap-2"> <div class="card-event-list__title font-crimson font-medium text-2xl mb-0 leading-tight [text-wrap:balance]"> <a href="/events/austrian-economics-research-conference-2025" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline"> Austrian Economics Research Conference 2025</a> </div> <div class="flex flex-row flex-wrap gap-1 font-myriad text-misesGreyDark"> <div class="flex flex-row flex-wrap gap-1"> <time datetime="2025-03-20T22:30:00Z">March 20, 2025</time> - <time datetime="2025-03-22T23:30:00Z">March 22, 2025</time> </div> <span aria-hidden="true">•</span> <div>Auburn, AL</div> </div> <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>The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.</p> </div> </div> </div> </article> </div> </div> </div> <div class="flex justify-end mt-4"> <a href="/events" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline">View All Events</a> </div> </div> </div> </section> <section class="px-4 py-12 lg:px-20 my-12 bg-misesBlue relative" data-component-id="mises:element-homepage-bb"> <div class="container"> <h2 class="font-crimson text-white text-3xl text-center mb-3 "> <div>Economics for Beginners</div> </h2> <div class="flex justify-center -md:flex-col flex-row"> <article data-component-id="mises:card-image-title-teaser-accordion" class="article-container mx-2 flex-1"> <section> <a href="/america-republic-empire" class="max-w-full w-ful [&>div]:w-full"> <div> <div><div> <div> <img src="data:image/png;base64,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" data-srcset="/sites/default/files/styles/responsive_16_9_650w/public/american-empire.png.webp?itok=bV9cyHgt 650w,/sites/default/files/styles/responsive_16_9_870w/public/american-empire.png.webp?itok=9mUc1mdx 870w,/sites/default/files/styles/responsive_16_9_1090w/public/american-empire.png.webp?itok=2N9QcpRS 1090w,/sites/default/files/styles/responsive_16_9_1310w/public/american-empire.png.webp?itok=8MPzZ_xy 1310w,/sites/default/files/styles/responsive_16_9_1530w/public/american-empire.png.webp?itok=M-mDaxZ8 1530w" loading="lazy" alt="American Empire" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </div> </div> </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>"War is the health of the state." —Randolph Bourne</div> </div> </section> </article> <article data-component-id="mises:card-image-title-teaser-accordion" class="article-container mx-2 flex-1"> <section> <a href="/progressivism" class="max-w-full w-ful [&>div]:w-full"> <div> <div><div> <div> <img src="data:image/jpeg;base64,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" data-srcset="/sites/default/files/styles/responsive_16_9_650w/public/image1.jpg.webp?itok=UF1-DPfb 650w,/sites/default/files/styles/responsive_16_9_870w/public/image1.jpg.webp?itok=FzQHgI3h 870w,/sites/default/files/styles/responsive_16_9_1090w/public/image1.jpg.webp?itok=rNG0-3Zy 1090w,/sites/default/files/styles/responsive_16_9_1310w/public/image1.jpg.webp?itok=ZRil8ulj 1310w,/sites/default/files/styles/responsive_16_9_1530w/public/image1.jpg.webp?itok=mAIeqXvL 1530w" loading="lazy" alt="The Costs of the Progressives" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </div> </div> </a> </section> <section class="body-container"> <h3 class="my-4"> <a href="/progressivism" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline text-white font-crimson font-bold text-2xl">Progressivism</a> </h3> <div class="teaser-text-container font-myriad text-base text-white my-2"> <div>The battle between American individualism and modern progressive collectivism.</div> </div> </section> </article> <article data-component-id="mises:card-image-title-teaser-accordion" class="article-container mx-2 flex-1"> <section> <a href="/fueling-freer-future" class="max-w-full w-ful [&>div]:w-full"> <div> <div><div> <div> <img src="data:image/jpeg;base64,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" data-srcset="/sites/default/files/styles/responsive_16_9_650w/public/image_main.jpg.webp?itok=3wn6TOR4 650w,/sites/default/files/styles/responsive_16_9_870w/public/image_main.jpg.webp?itok=y90QKYME 870w,/sites/default/files/styles/responsive_16_9_1090w/public/image_main.jpg.webp?itok=rva5pkoz 1090w,/sites/default/files/styles/responsive_16_9_1310w/public/image_main.jpg.webp?itok=SpHAhlKQ 1310w,/sites/default/files/styles/responsive_16_9_1530w/public/image_main.jpg.webp?itok=JZxNUJSa 1530w" loading="lazy" alt="Fueling a Freer Future" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </div> </div> </div> </a> </section> <section class="body-container"> <h3 class="my-4"> <a href="/fueling-freer-future" data-component-id="mises:atom-link" class="text-misesBlue no-underline hover:underline focus:underline text-white font-crimson font-bold text-2xl">Fueling a Freer Future</a> </h3> <div class="teaser-text-container font-myriad text-base text-white my-2"> <div>It’s time for a serious conversation about fossil fuels and their alternatives.</div> </div> </section> </article> </div> <div class="font-myriad text-base flex justify-center"> <a href=/begin class=" inline-block py-[8px] px-[20px] bg-transparent border border-white font-myriad text-base text-white hover:bg-misesGreenLight hover:text-white hover:border-misesGreenLight focus:bg-misesGreenLight no-underline">View all Beginner Video Series</a> </div> </div> </section> <section class="element-title-teaser-image my-8 container" data-component-id="mises:element-title-teaser-image"> <div class="bg-misesBlueDark grid gap-10 px-10 py-12 lg:px-20 grid-cols-2 -lg:grid-cols-1"> <div class="element-title-teaser-image__content"> <div class="font-crimson uppercase text-white text-2xl"> <div>What is the Mises Institute?</div> </div> <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 text-white prose-a:text-white prose-headings:text-white prose-strong:text-white marker:text-white text-lg mt-6" data-component-id="mises:atom-body-copy"> <div><p>The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. </p><p>Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.</p></div> </div> <a href=/giving/now class=" inline-block p-3 bg-misesGreenLight font-myriad text-white text-xl mt-4 hover:bg-misesGreenDark focus:bg-misesGreenDark no-underline" >Become a Member</a> </div> <div class="flex items-center element-title-teaser-image__image [&>div]:w-full"> <div> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_650w/s3/images/2025-01/Mises-Institute_Sign_20250122_0.jpg.webp?itok=XU8_7zsa 650w,https://cdn.mises.org/styles/responsive_870w/s3/images/2025-01/Mises-Institute_Sign_20250122_0.jpg.webp?itok=sVQ0XGfN 870w,https://cdn.mises.org/styles/responsive_1090w/s3/images/2025-01/Mises-Institute_Sign_20250122_0.jpg.webp?itok=FT3g-Kb8 1090w,https://cdn.mises.org/styles/responsive_1310w/s3/images/2025-01/Mises-Institute_Sign_20250122_0.jpg.webp?itok=MbIu-mC1 1310w,https://cdn.mises.org/styles/responsive_1530w/s3/images/2025-01/Mises-Institute_Sign_20250122_0.jpg.webp?itok=Ovsew96r 1530w" loading="lazy" alt="Mises Institute" width="1920" height="1280" data-multiplier="1x" data-lqp="1" /> </div> </div> </div> </div> </section> </div> </main> <footer role="contentinfo"> <section class="print:hidden block-footer bg-misesGreyDark text-white" data-component-id="mises:block-footer"> <div class="block-footer__container container py-12 grid grid-cols-1 grid-rows-1 gap-10 md:grid-cols-2 lg:grid-cols-4"> <div class="block-footer__column"> <div class="font-crimson text-misesGreenerDarkBackgrounds text-2xl"> Browse Library </div> <ul> <li> <a href="/profile/ludwig-von-mises" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/68281">Who is Ludwig von Mises?</a> </li> <li> <a href="/what-austrian-economics" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/129353">What is the Austrian School of Economics?</a> </li> <li> <a href="https://qjae.scholasticahq.com/" class="text-white hover:underline focus:underline py-1 block">Quarterly Journal of Austrian Economics</a> </li> <li> <a href="https://jls.scholasticahq.com/" class="text-white hover:underline focus:underline py-1 block">Journal of Libertarian Studies</a> </li> <li> <a href="/wire" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="wire">Mises Wire</a> </li> <li> <a href="/podcasts/human-action-podcast" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/127168">Human Action Podcast</a> </li> <li> <a href="https://mises.org/library/periodical/misesian" title="The Misesian" class="text-white hover:underline focus:underline py-1 block">The Misesian</a> </li> </ul> </div> <div class="block-footer__column"> <div class="font-crimson text-misesGreenerDarkBackgrounds text-2xl"> About the Mises Institute </div> <ul> <li> <a href="/about-mises/fellowships" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/129373">Fellowship in Residence</a> </li> <li> <a href="/about-mises/what-is-the-mises-Institute" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/128339">What is the Mises Institute?</a> </li> <li> <a href="/map-and-directions-mises-institute" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/129374">Driving Directions to the Institute</a> </li> <li> <a href="https://mises.org/giving/membership" class="text-white hover:underline focus:underline py-1 block">Become a Member</a> </li> <li> <a href="/events" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="events">Mises Events</a> </li> <li> <a href="https://store.mises.org/" class="text-white hover:underline focus:underline py-1 block">Mises Bookstore</a> </li> <li> <a href="/faculty-staff" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="faculty-staff">Faculty & Staff</a> </li> <li> <a href="/board-and-finance" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/129375">Finances and Board</a> </li> <li> <a href="/subscribe-newsletter" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="subscribe-newsletter">Subscribe to Email Lists</a> </li> <li> <a href="/giving" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/130734">Support Mises</a> </li> <li> <a href="/privacy-statement" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="node/128340">Privacy Statement</a> </li> <li> <a href="/contact-us" class="text-white hover:underline focus:underline py-1 block" data-drupal-link-system-path="webform/webform_49328">Contact Us</a> </li> </ul> </div> <div class="block-footer__column"> <div class="flex flex-col gap-3" data-component-id="mises:element-footer-contact"> <div class="font-crimson text-misesGreenerDarkBackgrounds text-2xl"> Contact Us </div> <address class="not-italic flex flex-col gap-3"> <span>Mises Institute</span> <span>518 West Magnolia Avenue</span> <span>Auburn, Alabama 36832-4571</span> </address> <div> <span>Phone:</span> <a href="tel:1-334-321-2100" class="text-white underline hover:no-underline inline-block">334.321.2100</a> </div> <div> <span>Fax:</span> 334.321.2119 </div> <a href="/contact-us" class="text-white underline hover:no-underline inline-block">Email Us</a> <a href="/about-mises/subscribe" class="text-white underline hover:no-underline inline-block">Join our Mailing List</a> <div class="flex justify-start flex-col mt-3"> <div class="flex flex-row flex-wrap justify-start items-center gap-4" data-component-id="mises:element-social-icons"> <a class="social-link-icon" href="https://facebook.com/mises.institute" target="_blank"> <span class="sr-only">Mises Facebook</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M18 2H15C13.6739 2 12.4021 2.52678 11.4645 3.46447C10.5268 4.40215 10 5.67392 10 7V10H7V14H10V22H14V14H17L18 10H14V7C14 6.73478 14.1054 6.48043 14.2929 6.29289C14.4804 6.10536 14.7348 6 15 6H18V2Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon" href="https://twitter.com/mises" target="_blank"> <span class="sr-only">Mises X</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" viewBox="0 0 16 16"> <path d="M12.6.75h2.454l-5.36 6.142L16 15.25h-4.937l-3.867-5.07-4.425 5.07H.316l5.733-6.57L0 .75h5.063l3.495 4.633L12.601.75Zm-.86 13.028h1.36L4.323 2.145H2.865l8.875 11.633Z"/> </svg> </span> </a> <a class="social-link-icon" href="https://instagram.com/misesinstitute" target="_blank"> <span class="sr-only">Mises Instagram</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M17 2H7C4.23858 2 2 4.23858 2 7V17C2 19.7614 4.23858 22 7 22H17C19.7614 22 22 19.7614 22 17V7C22 4.23858 19.7614 2 17 2Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M16 11.3698C16.1234 12.2021 15.9813 13.052 15.5938 13.7988C15.2063 14.5456 14.5932 15.1512 13.8416 15.5295C13.0901 15.9077 12.2385 16.0394 11.4078 15.9057C10.5771 15.7721 9.80977 15.3799 9.21485 14.785C8.61993 14.1901 8.22774 13.4227 8.09408 12.592C7.96042 11.7614 8.09208 10.9097 8.47034 10.1582C8.8486 9.40667 9.4542 8.79355 10.201 8.40605C10.9478 8.01856 11.7978 7.8764 12.63 7.99981C13.4789 8.1257 14.2649 8.52128 14.8717 9.12812C15.4785 9.73496 15.8741 10.5209 16 11.3698Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M17.5 6.5H17.51" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon" href="https://podcasts.apple.com/us/artist/mises-institute/1280664810" target="_blank"> <span class="sr-only">Mises itunes</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M21.408 10.0081C21.408 4.8241 17.184 0.600098 12 0.600098C6.81598 0.600098 2.59198 4.8241 2.59198 10.0081C2.59198 14.1601 5.27998 17.6641 9.02398 18.9121V20.4481C9.02398 22.0802 10.344 23.4241 12 23.4241C13.6559 23.4241 14.976 22.0801 14.976 20.4241V18.8881C18.696 17.6641 21.408 14.1361 21.408 10.0081ZM13.776 20.4241C13.776 21.4081 12.9839 22.2001 12 22.2001C11.016 22.2001 10.2239 21.4081 10.2239 20.4241V15.1921C10.2239 14.2081 11.016 13.4161 12 13.4161C12.9839 13.4161 13.776 14.2081 13.776 15.1921V20.4241ZM9.79198 10.0081C9.79198 8.78412 10.7999 7.7761 12.024 7.7761C13.248 7.7761 14.256 8.78406 14.256 10.0081C14.256 11.2321 13.248 12.2401 12.024 12.2401C10.7759 12.2161 9.79198 11.2321 9.79198 10.0081ZM13.824 12.8641C14.76 12.2641 15.408 11.2081 15.408 10.0081C15.408 8.13606 13.8719 6.6001 12 6.6001C10.1279 6.6001 8.59196 8.13612 8.59196 10.0081C8.59196 11.2081 9.21594 12.2641 10.1759 12.8641C9.69594 13.2481 9.33594 13.7521 9.16798 14.3521C7.72798 13.416 6.79198 11.8081 6.79198 9.98406C6.79198 7.10406 9.14398 4.75206 12 4.75206C14.88 4.75206 17.232 7.10406 17.232 9.98406C17.232 11.808 16.272 13.4161 14.856 14.3521C14.6639 13.7521 14.3039 13.2481 13.8239 12.8641H13.824ZM14.976 17.6641V15.6481C17.016 14.5681 18.408 12.4561 18.408 10.0081C18.4079 6.4561 15.528 3.6001 12 3.6001C8.47202 3.6001 5.61602 6.4801 5.61602 10.0081C5.61602 12.4561 7.00806 14.5921 9.04802 15.6481V17.6641C5.97602 16.4641 3.79202 13.4881 3.79202 10.0081C3.79202 5.4721 7.46402 1.7761 12 1.7761C16.536 1.7761 20.208 5.4721 20.208 9.9841C20.208 13.4881 18.048 16.4641 14.976 17.6641Z" /> </svg> </span> </a> <a class="social-link-icon" href="https://youtube.com/user/misesmedia" target="_blank" > <span class="sr-only">Mises Youtube</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M22.54 6.42C22.4212 5.94541 22.1793 5.51057 21.8387 5.15941C21.498 4.80824 21.0708 4.55318 20.6 4.42C18.88 4 12 4 12 4C12 4 5.12002 4 3.40002 4.46C2.92927 4.59318 2.502 4.84824 2.16137 5.19941C1.82074 5.55057 1.57881 5.98541 1.46002 6.46C1.14524 8.20556 0.991258 9.97631 1.00002 11.75C0.988802 13.537 1.14279 15.3213 1.46002 17.08C1.59098 17.5398 1.83833 17.9581 2.17817 18.2945C2.518 18.6308 2.93884 18.8738 3.40002 19C5.12002 19.46 12 19.46 12 19.46C12 19.46 18.88 19.46 20.6 19C21.0708 18.8668 21.498 18.6118 21.8387 18.2606C22.1793 17.9094 22.4212 17.4746 22.54 17C22.8524 15.2676 23.0063 13.5103 23 11.75C23.0112 9.96295 22.8573 8.1787 22.54 6.42Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M9.75 15.02L15.5 11.75L9.75 8.47998V15.02Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> <a class="social-link-icon" href="/rss.xml" target="_blank"> <span class="sr-only">Mises RSS feed</span> <span class="atom-svg" data-component-id="mises:atom-svg"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" xmlns="http://www.w3.org/2000/svg"> <path d="M4 11C6.38695 11 8.67613 11.9482 10.364 13.636C12.0518 15.3239 13 17.6131 13 20" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M4 4C8.24346 4 12.3131 5.68571 15.3137 8.68629C18.3143 11.6869 20 15.7565 20 20" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M5 20C5.55228 20 6 19.5523 6 19C6 18.4477 5.55228 18 5 18C4.44772 18 4 18.4477 4 19C4 19.5523 4.44772 20 5 20Z" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> </a> </div> </div> </div> </div> <div class="block-footer__column"> <div class="flex flex-col justify-center items-center gap-6 text-center" data-component-id="mises:element-footer-charity"> <qoute class="p-4 bg-[#E0E3E408] font-crimson text-2xl"> Tu ne cede malis, sed contra audentior ito </qoute> <p> Website powered by Mises Institute donors </p> <a href="https://www.charitynavigator.org/ein/521263436" target='_blank'> <img width="235" height="65" src="/themes/custom/mises/components/elements/element-footer-charity/charity-navigator.png" alt="Rated 4 stars in Charity Navigator" loading="lazy" /> </a> <p> Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 </p> </div> </div> </div> </section> </footer> <div class="pop-up-container"> <div id="block-mises-fallcampaign" class="p-4" style="display: none;"> <a href="https://mises.org/fall2024"> <div> <img src="data:image/jpeg;base64,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" data-srcset="https://cdn.mises.org/styles/responsive_16_9_650w/s3/images/2024-09/Splashify_Fall-Campaign_2024.jpg.webp?itok=BR2uaOcs 650w,https://cdn.mises.org/styles/responsive_16_9_870w/s3/images/2024-09/Splashify_Fall-Campaign_2024.jpg.webp?itok=XReCDzmS 870w,https://cdn.mises.org/styles/responsive_16_9_1090w/s3/images/2024-09/Splashify_Fall-Campaign_2024.jpg.webp?itok=I2jBnSUb 1090w,https://cdn.mises.org/styles/responsive_16_9_1310w/s3/images/2024-09/Splashify_Fall-Campaign_2024.jpg.webp?itok=QEM-HnwP 1310w,https://cdn.mises.org/styles/responsive_16_9_1530w/s3/images/2024-09/Splashify_Fall-Campaign_2024.jpg.webp?itok=fNPt3mc_ 1530w" loading="lazy" alt="Support Mises!" width="650" height="365" data-multiplier="1x" data-lqp="1" data-ratio="16:9" /> </div> </a> </div> </div> </div> </div> </div> <script> window.setTimeout(function() { !function(c,h,i,m,p){m=c.createElement(h),p=c.getElementsByTagName(h)[0],m.async=1,m.src=i,p.parentNode.insertBefore(m,p)}(document,"script","https://chimpstatic.com/mcjs-connected/js/users/bf16b152ccc444bdbbcc229e4/c8c0fca67e3d9a33203f7e01e.js"); window.document.dispatchEvent(new Event("DOMContentLoaded", { bubbles: true, cancelable: true })); }, 3000 ); </script> <script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","pathPrefix":"","currentPath":"node\/14","currentPathIsAdmin":false,"isFront":true,"currentLanguage":"en"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"simple_popup_blocks":{"settings":[]},"user":{"uid":0,"permissionsHash":"912ef8c2341987c61ce627c9864a70f40fa57bf56b43b64a195a87acf2e98846"}}</script> <script src="/sites/default/files/js/js_xpx-LbR6In4ijKNoP0_8gcM2vVGfaBKFXnudRtL7LPc.js?scope=footer&delta=0&language=en&theme=mises&include=eJxty0EOwyAMRNELQTmS5cAotRpiC5O09PRF3SbbN3-yNqSs1XTH3v1RxeExctcaFy0jZrUR8n21bJpf8QkuaAHsgxp8Ni4nSCqv8DRFvnN2qbaBTO0w-h893Vg4BW-nwp0JH9PW00V-zvJHXQ"></script> </body> </html>