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Subsidies, Market Prices, and the 2014 Farm Bill

2014’s new US Farm Bill eliminates many direct subsidies to farmers, while replacing them with subsidized insurance programs. This will lead to higher costs for taxpayers and distorted markets in the future.


Economic Isolationism in The Walking Dead

In a potentially hostile environment how do we decide if we should trade with strangers? Time preference and the division of labor have a lot to say.


Mises Economics Blog

Peter G. Klein: Israel Kirzner for the Nobel Prize!
Thomson Reuters has been predicting Nobel Prizes for the last dozen years, with modest success, and this year names Israel Kirzner as a potential economics winner, in a hypothetical joint prize with William Baumol for research in entrepreneurship. (T ... More »

Ryan McMaken: Scottish Referendum Gives Reasons to be Hopeful
Mises Daily Tuesday by Ron Paul: Devolving government into smaller units promotes economic growth. The smaller the size of government, the less power it has to hobble free enterprise with taxes and regulations. Just because people do not wish to ... More »

Ryan McMaken: Economic Isolationism in The Walking Dead
Mises Daily Tuesday by Mark Tovey: When dealing with people in a potentially hostile environment (such as a zombie apocalypse) how do we decide if we should trade with strangers or kill them? It turns out time preference and the division of labor ... More »

Ryan McMaken: Does 'Neoliberalism' Make Psychopaths Rise to the Top?
Whenever you see someone use the word neoliberalism you are probably dealing with someone who spends most of his or her time in a left-wing echochamber where people believe they are being oppressed by free markets and that things will be set right on ... More »

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In the Mises Store

Choice in Currency

A path-breaking essay by Hayek, newly in print in cooperation with the Institute of Economic Affairs, this piece first appeared in 1976, during an inflationary bout in the U.S.. Hayek saw that it was ... More »

Economics of Prohibition, The

It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton. Th... More »

Economic Depressions: Their Cause and Cure

Need a short monograph on Austrian business cycle theory? This is the one to get. Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rig... More »

Newly Updated E-books

Planned Chaos

"Woodrow Wilson's Defeat in Yugoslavia: The End of a Multicultural Utopia"

Making Economic Sense

Anatomy of the State

The Private Production of Defense



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