Mises Daily

Ron Paul and Mark Spitznagel Talk Freedom, Farming, and the Fed

Mises DailySeptember 5, 2014
Investor Mark Spitznagel and Ron Paul discuss agriculture policy, Wall Street, fiat money, investing, and Ron Paul’s plans for the future...

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The Unseen Costs of the Minimum Wage

Mises DailySeptember 4, 2014
Supporters of minimum wage hikes claim that such hikes have little or no effect on employment, but the law of demand makes it clear that the effects of such price controls are very real.

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Clean Water, Scarcity, and Market Prices

Mises DailySeptember 4, 2014
Many people are willing to donate much money to clean up government-owned lakes and streams and to spend many hours fundraising and complaining about pollution. But suggest to those people they should just pay market prices for access to those same bodies of water, they become indignant.

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Is This the Libertarian Moment?

Mises DailySeptember 3, 2014
Political consultants and mainstream reporters are fixated on conventional electoral politics, as if no other form of societal change were conceivable. Meanwhile, the real threat to the established political order is the intellectual movement behind radical free-market libertarianism that continues...

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Austrians, Fractional Reserves, and the Money Multiplier

Mises DailySeptember 2, 2014
Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking. Robert Batemarco adds some clarity to the debate.

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The Yield Curve and Our Weakened Economy

Mises DailySeptember 1, 2014
It’s difficult to envisage a downward-sloping yield curve in an unhampered market economy since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities. But in today’s economy, an upward or a downward sloping yield curve reflects...

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The Simple Lives Behind Some Great Minds

Mises DailyAugust 30, 2014
Mises and Rothbard are exemplars of what can be considered a modest life that bore remarkable fruit.

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A Sad End for Flashman?

Mises DailyAugust 30, 2014
The Flashman Papers serve not only as the enjoyable, politically-incorrect memoirs of the world’s greatest cad, but also as bowdlerization-free historical accounts including the stumbling, botched efforts of an empire that can’t leave anyone alone...

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The Myth of the Unchanging Value of Gold

Mises DailyAugust 29, 2014
Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.

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Rethinking Japan’s ''Lost Decades''

Mises DailyAugust 29, 2014
The "Lost Decade" narrative in Japan and the US has kept the drive for more government intervention going for a long time...

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