Mises Daily

Mises’s Contribution to Understanding Business Cycles

Mises DailySeptember 29, 2014
In The Theory of Money and Credit , Mises provided the basics for the long-sought explanation for that mysterious and troubling economic phenomenon — the business cycle...

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Patrick Barron: Currency Wars and the Death of the Euro

Mises DailySeptember 27, 2014
Jeff Deist and Patrick Barron discuss what's going on in the EU, how Germany in particular suffers from being yoked to the other Eurozone nations, and what the comeback of the Deutsche Mark might mean for Europe — and for America. Patrick Barron is a private consultant in the banking...

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Lowering Taxes Is the Only Decent Tax Reform

Mises DailySeptember 27, 2014
Tax credits and deductions deprive the state of revenue, while allowing greater freedom to taypayers. As such, they are good things, while closing “loopholes” or eliminating tax credits is a very bad thing. Making taxes more “efficient” or “fair” only helps...

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Regulate It First, Learn About It Never

Mises DailySeptember 26, 2014
Politicians and regulators usually don’t know what they don’t know about everything from health care to your small business, but that sort of compound ignorance won’t stop them from regulating the minutiae of everyday life and commerce...

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Federal Reserve Policies Cause Booms and Busts

Mises DailySeptember 25, 2014
Richard Ebeling explains the basics of how central banks cause booms and busts.

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Is Maleficent an Anarchist Fable?

Mises DailySeptember 25, 2014
It may be a simple tale, but the story of Sleeping Beauty, as retold in 2014’s film Maleficent , repeatedly makes the point that the evils of the world come from political power and those who seek it...

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The World’s Largest Subprime Debtor: The US Government

Mises DailySeptember 24, 2014
After the 2008 financial crisis, banks were excoriated for lending sub-prime borrowers money. Now, in many ways, the US government is a huge sub-prime borrower itself, but when the day of reckoning comes, will anyone criticize the Federal Reserve for making the unsustainable debt-fueled spending...

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Time Preference and Long-Term US Interest Rates

Mises DailySeptember 23, 2014
Long-term interest rates are going down, but many Fed observers, relying on expectations theory, wrongly think they should be going up. If we understand Mises and time preference, however, we can see the true trend much more clearly.

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Why Historical Revisionism Matters

Mises DailySeptember 23, 2014
Historical revisionism is the process of unmasking government excuses for war and war-making.

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How Third-Party Payers Drive Up Medical Costs

Mises DailySeptember 22, 2014
The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for services. Without a functioning system of price signals, prices cannot be contained...

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