Mises Daily

How Free Markets Enhance Freedom of Choice

Mises DailyJanuary 29, 2015
Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices.

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Moving Money Around Won’t Make Us Richer

Mises DailyJanuary 28, 2015
At the individual level, we can't get rich by spending money, but Keynesian stimulus is built on the idea that yes, spending money does in fact make you richer. Unfortunately, it only makes some people richer, not including you...

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Austrians and the Mainstream

Mises DailyJanuary 27, 2015
John Cochran discusses his career as an economist and how the academic world has changed for Austrians in recent decades.

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Why Private-Sector Services Seem to Be More Expensive

Mises DailyJanuary 26, 2015
Unable to compete with cheap, government-subsidized services designed for the low end of the market, entrepreneurs find they must turn to higher-end customers who will pay more. Some wrongly interpret this as proof that markets are more expensive than government services.

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The Private Equity Boom, Easy Money, and Crony Capitalism

Mises DailyJanuary 24, 2015
One essential feature of private equity is the taking advantage of economies of scale in cronyism, and politicians hope private equity will provide them high-paid jobs when they quit Washington.

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How Greek Default May Still Unravel the EU

Mises DailyJanuary 23, 2015
The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even more bailouts.

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Fracking — A New Bubble for a New Year

Mises DailyJanuary 22, 2015
Thanks to high oil prices and years of cheap money, capital-intensive fracking operations became feasible in even some of the most marginal areas. But with easy money comes bubbles, and falling oil prices may soon help pop the fracking bubble.

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Let’s Secede from the American Monetary Union

Mises DailyJanuary 21, 2015
The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.

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Markets Restrain Bank Fraud, But Central Banks Enable It

Mises DailyJanuary 20, 2015
If given a choice, people will avoid paper money that is declining in value, thus putting a restraint on inflationary bank notes. To shield banks from this, they turned to a monopolist central bank that issues legal tender and helps private banks inflate.

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People Have More Money? Let’s Tax It!

Mises DailyJanuary 19, 2015
The drop in gas prices has left households with a little extra money to spend. So naturally, the state thinks it's a great time to raise gas taxes. Otherwise, taxpayers would just waste that money on their families...

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