How Not to Address Rising Oil Prices: Lessons from Nixon's Price Controls

Big GovernmentU.S. HistoryPrices

Blog47 min ago

The crude oil “daisy chain” reseller boom is just one example of the absurdity of the 1970s price controls on the oil and gas sector. 

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Economic Warfare

Free Markets

04/25/2018Mises Daily Articles
Pundits use the language of war and strife to depict economic relationships, but economics addresses mutual benefit, or positive-sum games.

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The Myths Behind "Equal Pay Day"

Bureaucracy and RegulationValue and Exchange

Blog04/25/2018

If the "pay gap" narrative were true, "greedy" employers would hire more women to get the same work done at lower wages.

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South Carolina Stands Alone

U.S. History

04/25/2018Audio/Video
For almost a month, South Carolina was the only state to have formally seceded from the Union.

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How Neocons Destroyed a Chance for Peace with Iran After 9/11

Protectionism and Free TradeWar and Foreign Policy

Blog04/25/2018

As Trump considers ending the Iran nuclear deal, a look back at how the Bush administration betrayed one of its first allies in the "War on Terror."

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The Woes of Economics

Booms and BustsBusiness CyclesOther Schools of Thought

Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well. 

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Salvation through Squandering?

Taxes and SpendingMoney and Banking

Blog04/24/2018

We are told that if further signs of recession develop the government must spend more to keep the boom whipped up. This is false.

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Leland Yeager, R.I.P.

History of the Austrian School of Economics

Blog04/24/2018

I am sorry to report that Leland Yeager passed away on April 23, at the venerable age of 93. 

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