Mises Daily Articles

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Natural and Neutral Rates of Interest in Theory and Policy Formulation

Capital and Interest TheoryHistory of the Austrian School of EconomicsProduction Theory

03/13/2019Mises Daily Articles
The so-called "art of central banking" lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.
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Nuestros mejores presidentes?

Big GovernmentU.S. HistoryWar and Foreign PolicyPolitical Theory

02/18/2019Mises Daily Articles
Los custodios profesionales de las visiones estadounidenses de la historia siempre han calificado a los mismos presidentes como “grandes”. Son siempre los presidentes que abusaron frecuentemente del poder y los que más expandieron el poder público.
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Nowadays, Health Insurance Isn’t Really Insurance

Big GovernmentFree MarketsPrices

07/30/2015Mises Daily Articles
Modern health "insurance" is really just a wealth-transfer scheme that now ignores risk and true costs.
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No hay final a la vista para la malinversión en educación superior

Booms and BustsPrices

06/30/2015Mises Daily Articles
Gracias a la burbuja de la educación superior, corren buenos tiempos para quienes se lucran con los estudiantes universitarios. Las matrículas siguen subiendo mientras el boom de la construcción produce nuevas y costosas viviendas y aulas. Mientras tanto, los propios estudiantes pueden no estar...
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No End in Sight For Higher-Education Malinvestment

Booms and BustsPrices

06/30/2015Mises Daily Articles
Thanks to the higher-education bubble, times are great for those who make money off of college students. Tuition continues to climb while a building boom produces expensive new housing and classrooms. Meanwhile, the students themselves may not be getting their money's worth.
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No, Tax Breaks are not Subsidies

Taxes and SpendingInterventionism

05/27/2015Mises Daily Articles
The video game industry has been criticized for taking advantage of tax breaks, with critics claiming that the industry is being "subsidized" by a smaller tax bill. But, there's a very big difference between a tax break and a subsidy.
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New Austrian Scholars and the Future

The EntrepreneurHistory of the Austrian School of EconomicsPhilosophy and Methodology

12/16/2014Mises Daily Articles
"The Mises fellowship has been the single most important influence in my development as a scholar," writes Matt McCaffrey in his discussion on being an Austrian economist in academia today. "No other program could have given me the resources I needed to start my career."
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North Korea: From Hermit Kingdom to Merchant Kingdom?

Global EconomyWar and Foreign Policy

12/03/2014Mises Daily Articles
North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using black markets, it’s clear that trade with North Korea must be embraced.
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Nobel Winner Jean Tirole’s Faulty Views on Monopoly

EntrepreneurshipMonopoly and Competition

10/29/2014Mises Daily Articles
Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, in which there is no place for entrepreneurship, and which fails to grasp that consumers benefit more from a diversity of goods than a diversity of firms.
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Natural Disasters Don’t Increase Economic Growth

Global Economy

05/27/2014Mises Daily Articles
Although Frédéric Bastiat disproved it years ago, many still believe that natural disasters increase economic growth.
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