Mises Daily

The End of QE Is Not the End of Bad Policy

Mises DailyNovember 6, 2014
The Fed has ended Quantitative Easing. But this does not mean the era of easy money is over. In fact, the data shows that the Fed's policies will continue to ensure that malinvestments, instability, bust, and economic displacement will continue...

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Deficit Spending Is the Government's Perfect Weapon

Mises DailyNovember 5, 2014
A perpetual and unlimited debt brings the cheapening of money and then inflation, whereby the middle class is economically murdered in its sleep.

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Socialism and Other Crimes in Venezuela

Mises DailyNovember 5, 2014
Venezuela is one of the most economically unfree countries in the world, and it has one of the highest crime rates in the world. Unfortunately, President Maduro thinks he can fix the problem by making the country even less free than it is now.

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If We Quit Voting

Mises DailyNovember 4, 2014
Abstinence would be tantamount to this notice to politicians: since we as individuals have decided to look after our affairs, your services are no longer needed. Having assumed social power we must, as individuals, assume social responsibility — provided, of course, the politicians accept...

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How Wilson and the Fed Extended the Great War

Mises DailyNovember 4, 2014
With European powers broke and economically ailing by 1916, World War One would have ended much sooner had the Federal Reserve and its cronies not stepped in to help England and France keep the bloodshed going. Meanwhile, US economic intervention led to a huge post-war bust in America.

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Moral Hazard and Socialism in Collective Security Agreements

Mises DailyNovember 3, 2014
Collective security agreements allow many countries's politicians to shift the cost of national defense to taxpayers outside their own countries. Moral hazard, belligerence, and over-reliance on military solutions often ensue...

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American Tariffs and Wars From the Revolution to the Depression

Mises DailyNovember 1, 2014
American revolutionaries revolted in part over high tariffs, but the new American state immediately began raising tariffs after the revolution, and tariffs have played an important role in American wars, imperialism, and crony capitalism ever since.

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When Money Dies: Germany and Paper Money After 1910

Mises DailyOctober 31, 2014
After 1910, Germany increasingly relied on fiat money to pay the bills. It wasn't just the Treaty of Versailles that eventually led to hyperinflation, but an all-too-common policy of turning to inflationary monetary policy...

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Money, Subjective Value, and Gold

Mises DailyOctober 30, 2014
The quasi-gold standard promoted by Steve Forbes and Elizabeth Ames in their new book has more in common with the Bretton Woods system than with the classical gold standard.

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Austerity as Economic Liberation

Mises DailyOctober 30, 2014
Austerity is nothing more than allowing the private sector more control over what it produces. Those who argue against austerity are claiming that government will more wisely spend, invest, and save than private persons and firms.

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