Mises Daily

The New Banner Interview with Murray N. Rothbard

Mises DailyDecember 6, 2014
Michael Oliver witnessed the beginning of the modern anarcho-capitalism movement, meeting Rothbard in the early 1970s. His graduate thesis was on Rothbard's description of a libertarian society and attempted to reconcile Rothbardian thought with the work of Ayn Rand...

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Punishment and Proportionality

Mises DailyDecember 5, 2014
The state now claims to be a party to every crime and claims the right to mete out punishments that have nothing to do with obtaining restitution for the victims. Instead, criminals are "rehabilitated" at taxpayer expense...

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Does Europe Have Demand Deficiency Syndrome?

Mises DailyDecember 5, 2014
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.

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Politicians to Business Owners: Drop Dead

Mises DailyDecember 4, 2014
It's become common for populists to claim that what's good for businesses is bad for workers. It remains unclear, however, where all those workers are supposed to find jobs...

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Getting Interest Rates Right (Is a Job For Markets)

Mises DailyDecember 4, 2014
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.

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Post Mortem on the Swiss Gold Initiative

Mises DailyDecember 3, 2014
The Swiss gold initiative has failed, and although it was portrayed as a very radical bill by supporters of fiat money, it was a very mild effort that would not have done much to limit the Swiss central bank.

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North Korea: From Hermit Kingdom to Merchant Kingdom?

Mises DailyDecember 3, 2014
North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using black markets, it’s clear that trade with North Korea must be embraced...

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Tiny Houses May Signal a Big Change

Mises DailyDecember 2, 2014
Tiny houses are a growing phenomenon as potential homeowners look to cut down on housing costs in the face of an economy rife with booms, busts, and spiking asset prices.

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The Birth of a Monster

Mises DailyDecember 1, 2014
As flaws in the system of fractional-reserve free banking began to appear, private central bank-like institutions known as clearinghouses sprang up, and they helped pave the way for the Fed.

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Downton Abbey's Dirty Secret

Mises DailyNovember 29, 2014
Downton Abbey , which returns for a fifth season in January, features an even-handed treatment of the British aristocracy. But behind this nuanced view remains the fact that titled aristocrats usually owe their positions to government favoritism and cronyism.

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