Mises Daily

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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Drug Warriors Claim Colorado Going to Pot

Mises DailySeptember 9, 2014
Drug warriors rely on bad and manipulated data to make the claim that respecting private property rights in Colorado is "terrible public policy." They fail to make the case, and since they want to tax and imprison people for their pet prohibition project, the burden of proof remains on...

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Ten Reasons to Condemn Inflation

Mises DailySeptember 8, 2014
Increasing the supply of fiat money, also known as inflation, leads to a myriad of social and economic ills, affecting employment, the family, emotional health, and more.

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Böhm-Bawerk: Austrian Economist Who Said "No" to Big Government

Mises DailySeptember 6, 2014
To his last, Eugen von Böhm-Bawerk defended reason and the logic of the market against the emotional appeals and faulty reasoning of those who wished to use power and the government to acquire from others what they could not obtain through free competition.

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Introducing the Mises Curriculum!

Mises DailySeptember 5, 2014
The 50+ courses in the Mises Curriculum will guide you through Austrian economics, from the action axiom to advanced monetary theory, and through libertarian political philosophy, from the non-aggression principle to advanced libertarian legal theory.

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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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