Mises Daily Articles

Displaying 51 - 60 of 217

Burns Diary Exposes the Myth of Fed Independence

The FedU.S. History

12/27/2010Mises Daily Articles
Burns's diary is page after page of political dirty dealing, lying, and backstabbing. Nixon went so far as to plant negative press about Burns and threatened to expand the Fed's Board of Governors to dilute the chairman's influence.
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Black Pigs and Free Enterprise

The EntrepreneurFree MarketsLegal SystemEntrepreneurship

12/20/2010Mises Daily Articles
Legal or not, destruction is animal-like behavior. It's one thing when it is done by wild pigs. But when identical forms of destruction are sponsored by the state, we are talking about a form of brutality that is purely man-made.
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Boom, Bust, and Gold

Booms and BustsThe FedFree MarketsGold Standard

11/26/2010Mises Daily Articles
A pure gold standard is not conducive to business cycles. Contrary to mainstream economists, it is the attempts of the central banks to bring about price stability and full employment that set in motion the menace of boom-bust cycles.
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Block's Building Blocks

Free MarketsGlobal EconomyEntrepreneurshipPrivate Property

11/22/2010Mises Daily Articles
Murray Rothbard, in his life, was known as Mr. Libertarian. We can make a solid case that the title now belongs to Walter Block, a student of Rothbard's whose own vita is as thick as a phone book, as diverse as Wikipedia.
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Boom! Crack! Crash!

Booms and BustsThe FedFree MarketsInterventionism

11/16/2010Mises Daily Articles
Hazlitt not only has a clear and lucid writing style; of all economists who are gifted at writing for a popular audience, Hazlitt has by far the soundest grasp of his subject. Hence, he is able to put correct and even profound analysis into a highly readable style.
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Boom-Bust in Microcosm

Booms and BustsThe EntrepreneurEntrepreneurshipMonetary Theory

11/08/2010Mises Daily Articles
The key to avoiding "busts" is to avoid the credit expansion and "booms" that cause them. Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.
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Bernanke's Solutions Are the Problem

The FedFinancial MarketsMonetary TheoryMoney and Banking

11/05/2010Mises Daily Articles
The worst of Bernanke's statements came in 2006, near the zenith of the housing bubble. This was the era of the subprime mortgage, the interest-only mortgage, the no-documentation loan, and the heyday of mortgage-backed securities.
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Bank Failures in Slow Motion

Booms and BustsMoney and BanksU.S. EconomyBusiness Cycles

10/27/2010Mises Daily Articles
We've only had 294 failures this cycle, but it is a big deal: adjusted to current dollars, the Depression banking crisis was $100 billion, the S&L crisis was $923 billion, and the current crisis is nearly $8 trillion.
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Blind to the Flaws of Keynesianism

The FedFree MarketsInterventionismOther Schools of Thought

10/04/2010Mises Daily Articles
Blinder is arguing that of course the Obama stimulus worked, because spending money creates jobs, period. To see just how naive this view is, consider that there is nothing in Blinder's argument restricting it to cases of severe recession.
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Blast from the Past: A Warning about Socialism

Big GovernmentMedia and CultureOther Schools of ThoughtPolitical Theory

09/24/2010Mises Daily Articles
Pictures of the Socialistic Future tells an engrossing story about a socialist paradise that swiftly degenerates into a societal dungeon. It was originally published in an English translation in 1893—which adds immeasurably to its resonance.
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