Mises Daily

The Cultural and Political Consequences of Fiat Money

Mises DailyNovember 20, 2014
Our global system of fiat moneys favors spenders and borrowers over savers. Low- and moderate-income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century.

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Global Irrational Exuberance Enters a New Phase

Mises DailyNovember 19, 2014
The present global plague of asset price inflation — with its origins in Federal Reserve quantitative easing policies and featuring much irrational exuberance — is transitioning into a new phase. Some optimistic commentators suggest a benign and painless end to the plague lies ahead,...

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The New Mises.org Is Here!

Mises DailyNovember 18, 2014
The new mises.org is not just a renovation of the old site, but rather a wholly new platform that will serve as the foundation from which we can adopt new innovations in web design, social media, mobile technology, and more.

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Central Banks Are Not Innocent Bystanders

Mises DailyNovember 17, 2014
The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to account for the behavior of central...

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Middle-of-the-Road Policy: Lessons from Argentina and Venezuela

Mises DailyNovember 15, 2014
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right.

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Can Anarcho-Capitalism Work?

Mises DailyNovember 14, 2014
The term “anarcho-capitalism” has, we might say, rather an arresting quality. But while the term itself may jolt the newcomer, the ideas it embodies are compelling and attractive, and represent the culmination of a long development of thought...

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What A Divided Berlin Still Teaches Us Today

Mises DailyNovember 13, 2014
Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get.

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Pakistan and the Problem of Military Aid

Mises DailyNovember 13, 2014
War is the outcome of class conflict inherent in the political relationship — the relationship between ruler and ruled, parasite and producer, tax-consumer and taxpayer. The parasitic class makes war with purpose and deliberation in order to conceal and ratchet up their exploitation of the...

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The Case for Optimism

Mises DailyNovember 12, 2014
The state seems more powerful than ever, but the state is both economically and intellectually unsustainable. We're already witnessing a breakdown in the state's legitimacy and power, and we should be optimistic about seeing more of this in the future...

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The Economics of Tipping

Mises DailyNovember 12, 2014
Many people think that tipping is a results from stingy employers not paying a "living wage." But tipping solves multiple economic problems while making employers more likely to hire untried workers...

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