Mises Daily Articles

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Why Bureaucrats Aren't Like Private Sector Workers

Big GovernmentPolitical Theory

11/06/2021Mises Daily Articles
A bureaucrat differs from a nonbureaucrat precisely because it is impossible to appraise the result of a bureaucrat’s effort in terms of money, however important his "output" may be.
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What Economics Is Not

10/23/2021Mises Daily Articles
The Austrian approach to economics dispenses with the idea of "economic man," and broadens economics to include all action, which takes place in a framework of scarcity.
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Why Some People Are Poorer

U.S. EconomyEntrepreneurshipInterventionismOther Schools of Thought

10/22/2021Mises Daily Articles
The only permanent way to cure poverty is to increase the earning power and productivity of the poor.
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What Happens When the Public Realizes Inflation Will Get Worse

Free MarketsHistory of the Austrian School of EconomicsMonetary TheoryPrices

10/20/2021Mises Daily Articles
Once public opinion is convinced that the increase in prices will continue, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size.
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Why the State Demands Control of Money

Booms and BustsFree MarketsMoney and BankingOther Schools of Thought

08/11/2021Mises Daily Articles
The question that arises for the state ruler is: How can I free myself of two effective constraints on my power: tax-resistance in the form of falling tax revenue and the need to borrow from and pay interest to banks?
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What Made Rothbard Great

U.S. EconomyU.S. HistoryAustrian Economics OverviewCapital and Interest TheoryHistory of the Austrian School of EconomicsMonetary Theory

08/05/2021Mises Daily Articles
Gary North shows how Rothbard always had the ability to go to the central issue in a debate. He wrote clearly. He wrote continuously. He wrote for almost anyone who would give him an opportunity to put an idea in print.
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We're Taught to Revere Schoolteachers. So Why Are They Paid So Little?

The EntrepreneurFree MarketsPrices

07/31/2021Mises Daily Articles
In the case of both athlete and teacher, the rarity of the skill and the number of people who benefit from the individual determines how much they're paid.
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Why Capital Goods Are the Key to Economic Progress

Free MarketsEntrepreneurshipPraxeologyProduction Theory

07/27/2021Mises Daily Articles
Capital goods become available thanks to secure private property rights, and a class of people willing to save and invest. Without this, there can be no great progress in the standard of living. But, it all takes time.
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Woodrow Wilson's "Second Personality"

BiographiesU.S. HistoryWar and Foreign Policy

07/09/2021Mises Daily Articles
The term most frequently applied to Woodrow Wilson nowadays is "idealist." The expression "power-hungry" is rarely used. Yet one scholar friendly to Wilson has correctly described him as one who "loved, craved, and in a sense glorified power."
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