Mises Daily

The Index Card of Allowable Opinion

Mises DailyOctober 23, 2014
Tom Woods explains the "unacceptable" opinions behind freedom and free markets...

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Understanding "Quid Pro Quo"

Mises DailyOctober 23, 2014
The terms "quid pro quo" has been twisted to now include government handouts and state-mandated exchanges, so long as the value of goods trading hands are deemed to be of "equal value." True voluntary exchange, on the other hand, is something quite different...

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World War I in Our Minds: A Historical View

Mises DailyOctober 22, 2014
With 100 years having passed since the start of the First World War, the view of the war among historians and the public has evolved in many ways. Historian Hunt Tooley examines the turning points in how the world sees the Great War.

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David Gordon: The Life and Times of Murray Rothbard

Mises DailyOctober 21, 2014
David Gordon and Jeff Deist discuss Rothbard’s life from an insider’s perspective, his relationship with Mises and the areas where they disagreed, and more...

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The Fed’s New Labor-Market Measure

Mises DailyOctober 21, 2014
The Fed has created a new measure of employment that it says it will use to guide monetary policy. Unfortunately, simply knowing employment trends tells us little about whether or not real wealth is being created in the economy.

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Do We Need a Lender of Last Resort?

Mises DailyOctober 20, 2014
Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency?...

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Leonard Liggio

Leonard Liggio, RIP

Mises DailyOctober 18, 2014
Ralph Raico remembers his friend, Leonard Liggio.

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Reading the Road Map to a Police State

Mises DailyOctober 18, 2014
In this review of Radley Balko's Rise of the Warrior Cop Aaron Tao examines the history of government policing, rights that have been lost, and the symbiotic relationship between the police state and the war on drugs...

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Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End

Mises DailyOctober 17, 2014
Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession...

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An Austrian Economist Reports From a Mainstream Economics Conference

Mises DailyOctober 16, 2014
Christopher Westley reports from this year's National Association of Business Economists Convention. He finds that the mainstream's intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014...

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