Mises Daily

Is the UK a ''Nation by Consent''?

Mises DailySeptember 18, 2014
Many modern states are little more than groupings of conquered nations. Breaking them up into smaller pieces is all for the best, and this would also ultimately lead to more free trade among nations since smaller states find it more difficult to sow the illusion of economic self-sufficiency.

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Andy Duncan Explains The Charade of Independence for UKIP and Scotland

Mises DailySeptember 17, 2014
In this transcript of his Mises Weekends interview with Jeff Deist, Andy Duncan handicaps the upcoming secession vote in Scotland and discusses the state of free-market thinking in the UK.

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The Taylor Rule Won’t Save Us

Mises DailySeptember 17, 2014
There is no one Taylor Rule, but several, depending on how one interprets the government's measurements of the economy. Taylor's rule also fails to address the fundamental problem of coordinating the actions of many diverse individuals in an economy, so it cannot protect us from...

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The NCAA Racket

Mises DailySeptember 15, 2014
The NCAA, a quasi-governmental regulatory cartel, prohibits colleges from paying athletes. So colleges employ a variety of schemes to offer unofficial “pay.” Meanwhile, the NCAA ensures there is no functioning job market for athletes at that level, and no competition to which students...

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Before Adam Smith There Was Chydenius

Mises DailySeptember 15, 2014
The work of economist Anders Chydenius, which predates Smith’s The Wealth of Nations , provided a radically free-market voice for Scandinavia in the 18th century as Chydenius battled against mercantilists and those who thought government well-suited to plan economies with laws and edicts...

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The Ethics of Entrepreneurship and Profit

Mises DailySeptember 13, 2014
In a free market, entrepreneurs can only profit by providing something of value that people will voluntarily purchase. In a state-controlled market, however, the lure of profit through government force draws many away from the voluntary exchange of the marketplace to the violence of government-...

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Is Scotland Big Enough To Go it Alone?

Mises DailySeptember 11, 2014
Some opponents of Scottish secession (and most other Secession movements) claim that places like Scotland and Quebec are "too small" to be independent countries. A look at small countries vs. large countries, however, suggests that small countries often perform better economically...

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How to Make Goods More Expensive: Target Truckers

Mises DailySeptember 11, 2014
The trucking industry has historically offered many opportunities for small-scale owner-operators and laborers alike. Government management of the industry, however, from environmental regulations to labor guidelines, have cut deep into trucker productivity, all the while raising prices for both...

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A New Austrian Textbook for All Economists

Mises DailySeptember 11, 2014
Randall Holcombe talks about his new textbook on Austrian economics: “The idea was to write a book for people who already know some economics,” Holcombe says...

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The Economics of American Pickers

Mises DailySeptember 10, 2014
The television show American Pickers shows many economic concepts in action, such as comparative advantage and specialization and trade, and it also illustrates numerous Austrian insights such as subjective value and the role of the entrepreneur.

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