Mises Daily

The Absurdity of "Reform" in DC

Mises DailyMarch 2, 2015
Government will be so much better if we just adopt the latest fads in government reform, we’re told. Needless to say, modest reforms have a long record of total failure and the only answer is to make radical cuts to every government program...

Read more

How Money Production Can Worsen Income Inequality

Mises DailyFebruary 28, 2015
Money creation does not benefit equally. It creates a class of winners (those who get new money first) at the expense of losers (those who get new money later). Not surprisingly, an inflationary money supply increases the wealth and income gap in society.

Read more

Senate Republicans Bungle Their Interrogation of Janet Yellen

Mises DailyFebruary 27, 2015
Janet Yellen testified before Congress this week, but the Senate Republicans, who claim to be the guardians of monetary sanity, failed to show any true understanding of monetary policy and the damage the Fed has inflicted.

Read more

The Net Neutrality Scam

Mises DailyFebruary 26, 2015
Politicians are telling us that we need the government to ensure "neutrality" in how broadband resources are allocated. However, not only is neutrality in allocation impossible, the effort to do so only hands more power over to the politicians while rendering consumers powerless...

Read more

What To Do While Waiting to End the Fed

Mises DailyFebruary 25, 2015
The ideal reform is always the elimination of the Fed and other central banks. But given the fact that Austrians understand the monetary system better than others, it's important that Austrians also seek to limit the harm the Fed is doing through less-than-ideal reforms...

Read more

Where is the Skyscraper Curse Today?

Mises DailyFebruary 24, 2015
The world is teeming with skyscraper building from China to London, and a new record-setting skyscraper is planned for 2016 in Saudi Arabia. Will this skyscraper herald the next global economic crisis as Dubai's Burj Khalifa presaged the 2009 crisis?

Read more

A Liberal Education At a Zero Price

Mises DailyFebruary 23, 2015
Some promoters of big government are now worried that the government isn't spending enough taxpayer money, time, and energy on teaching the liberal arts. Society would benefit greatly from a flowering of liberal education, but do we really need the government to make that happen?...

Read more

There’s No Political Freedom Without Economic Freedom

Mises DailyFebruary 21, 2015
Many have tried to create a division between "political freedom" and "economic freedom." But all freedoms ultimately depend on economic freedom, and our view of economic exchange dictates our view of politics...

Read more

South Korea’s Keynesian Experiment Goes Global

Mises DailyFebruary 20, 2015
Korea's economy has taken off since the 1997 financial crisis, and so has Korea's cultural and economic prominence on the world stage. But is Korea repeating the mistakes of Japan and other centrally-planned boom economies?...

Read more

Employment Does Not Drive Economic Growth

Mises DailyFebruary 19, 2015
The Fed — and many economists everywhere — believe that giving more people jobs will drive more economic growth. But more employment is useless for economic growth if employed persons are not contributing to real wealth and capital accumulation.

Read more