Mises Daily

Our Current Illusion of Prosperity

Mises DailyApril 1, 2015
The Fed and Washington politicians tell us how well the economy is doing, but the problems of the last financial crisis remain, and if we look closer, we find stagnant wages, ageing equipment, and lenders looking to scrape the bottom of the barrel.

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How the West Invented Individualism

Mises DailyMarch 31, 2015
Throughout most of history, “citizens belonged to the city, body and soul,” writes Larry Siedentop in his new book Inventing the Individual . Even today, the Western idea of the free individual remains largely confined to the West...

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Why Is the Fed Punishing My Parents?

Mises DailyMarch 30, 2015
Thanks to the central bank, those who worked hard and "played by the rules" all their lives now face an uncertain future as inflation chips away at their savings and threatens their financial stability.

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Why We Need Deflation and Higher Interest Rates

Mises DailyMarch 28, 2015
Once a recession sets in, markets can only repair themselves if prices — including wages — are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring new economic activity...

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Brazil: Victim of Vulgar Keynesianism

Mises DailyMarch 27, 2015
Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in.

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Progressive Luddites and Gustave de Molinari’s Final Words

Mises DailyMarch 26, 2015
The opponents of technological innovation in free markets have been with us for a long time. A century ago, Gustave de Molinari was defending the automobile from the technology haters of his day. Little has changed since then.

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Middle Eastern Barriers to an Agile Marketplace

Mises DailyMarch 25, 2015
The Middle East once enjoyed unprecedented economic prosperity, but thanks to centuries of bureaucratic centralization and institutional barriers to free-market growth, the modern Middle East has long since fallen behind the West.

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Judge Napolitano on Self-Ownership and 'National Defense'

Mises DailyMarch 24, 2015
Natural rights are fundamentally different from goods and services. Judge Napolitano explains in his new book how the acquisition of a mere service — security — cannot be based on the destruction of rights, which cannot be traded away...

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What’s Behind the Gender Wage Gap

Mises DailyMarch 23, 2015
If all work and all workers were homogenous, we might be able to say that the gender wage gap is caused by sexism, but the gap is better explained by big differences in the life goals and chosen industries of men and women.

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The "Natural Interest Rate" Is Always Positive and Cannot Be Negative

Mises DailyMarch 21, 2015
We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate...

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