Mises Daily

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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Switzerland Frees the Swiss Franc

Mises DailyJanuary 17, 2015
The Swiss franc was pegged to the euro in 2011, but after years of easy money in the eurozone, the Swiss have bailed in an effort to save the franc from even more inflation that's expected from the Europen Central Bank...

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The True Cost of the Homeownership Obsession

Mises DailyJanuary 16, 2015
The homeownership rate is now back where it was forty years ago. So what did all that federally-subsidized homebuying over the past decade accomplish? There was a lot of malinvestment, and a lot of politically-favored interest groups that got richer.

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Bait & Switch: "Economic Development" in the States

Mises DailyJanuary 15, 2015
States could attract more businesses and jobs by lowering taxes and making government smaller. But since governments hate cutting taxes and regulations, they instead choose to lure new firms with temporary tax breaks and special favors.

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The Fed: Reality Trumps Rhetoric

Mises DailyJanuary 14, 2015
The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.

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