Mises Daily

The Economics of Tipping

Mises DailyNovember 12, 2014
Many people think that tipping is a results from stingy employers not paying a "living wage." But tipping solves multiple economic problems while making employers more likely to hire untried workers...

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War Making and Class Conflict

Mises DailyNovember 11, 2014
War is the outcome of class conflict inherent in the political relationship — the relationship between ruler and ruled, parasite and producer, tax-consumer and taxpayer. The parasitic class makes war with purpose and deliberation in order to conceal and ratchet up their exploitation of the...

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How Macroeconomic Data Encourages Government Intervention

Mises DailyNovember 10, 2014
Entrepreneurs need very specific information about their products, markets, customers, and profits. Government macroeconomic data, however, does nothing to assist entrepreneurs to obtain this important information, but only helps justify economic intervention.

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Why The Theory of Money and Credit Is More Important Than Ever

Mises DailyNovember 8, 2014
Eighty years ago, Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and it still offers the clearest analysis and understanding of booms and busts, inflations and depressions...

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The Economics Behind the Fall of the Berlin Wall

Mises DailyNovember 7, 2014
Much of the media discussion around the 25th anniversary of the Berlin Wall's fall will focus on American military politics and the politicians of the time. But to truly understand why the Soviet system in Eastern Europe collapsed, we must look to Mises's pioneering work on economic...

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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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