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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

Ryan McMaken: The September Issue of The Free Market is Now Online!
The September issue of The Free Market, the Mises Institute's monthly,  is now online! September’s issue features a new book review from David Gordon, and on the 100th anniversary of World War I, Hunt Tooley reflects on modern views ... More »

Ryan McMaken: War is Good for the Economy: Defense Stocks Soar
Well, war is good for certain sectors of the economy. For example: weapons manufacturing. Taxpayers and holders of US dollars won't fare quite as well. Writes Bloomberg: <blockqu ... More »

David Howden: Uncle Sam´s Annual Borrowing 14 Times Worse Than Thought
Lots of people like to concentrate on the deficit when looking at public finances. In 2013, he federal government of the United States ran a budget deficit of $614 billion, which is quite a bit, but seemingly small relative to the $17 trillion econom ... More »

Ryan McMaken: Subsidies, Market Prices, and the 2014 Farm Bill
Mises Daily Wednesday by Dick Clark: 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. ... 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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