Mises Daily Articles

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How the West Invented Individualism

World HistoryPolitical Theory

03/31/2015Mises Daily Articles
Throughout most of history, “citizens belonged to the city, body and soul,” writes Larry Siedentop in his new book Inventing the Individual . Even today, the Western idea of the free individual remains largely confined to the West.
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How Italy’s Government Enables the Mafia

Free MarketsGlobal Economy

03/14/2015Mises Daily Articles
For decades, the Italian state has facilitated the Mafia's grip on industry in Italy. The result has been a disastrous lack of foreign investment and other ills. It now seems that only the elimination of the central state could bring about serious reform.
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How Money Production Can Worsen Income Inequality

The FedMoney and BanksMoney and Banking

02/28/2015Mises Daily Articles
Money creation does not benefit equally. It creates a class of winners (those who get new money first) at the expense of losers (those who get new money later). Not surprisingly, an inflationary money supply increases the wealth and income gap in society.
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How Truly Free Markets Help the Poor

Big GovernmentFree MarketsPrivate Property

02/14/2015Mises Daily Articles
Free markets have provided an abundance of goods and comforts for even low-income households. But constant government intervention in the work, lives, and incomes of the poor continues to create many barriers to economic success.
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How Economic Aggregation Hides the Problems of Interventionism

Big GovernmentTaxes and SpendingInterventionism

02/07/2015Mises Daily Articles
Government likes to put out lots of data showing things like income and employment for huge numbers of people. The problem is, this tells us almost nothing about how real-life people are hurt or helped by government intervention.
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How Government Helped Create the Coming Doctor Shortage

Big GovernmentHealth

02/03/2015Mises Daily Articles
If we want to lower the cost of health care, we should seek to increase the availability of health care services, including increases in trained medical personnel. Government, however, acts repeatedly to prevent the entry of more doctors into the marketplace.
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How Free Markets Enhance Freedom of Choice

Big GovernmentThe EntrepreneurValue and Exchange

01/29/2015Mises Daily Articles
Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices.
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How Greek Default May Still Unravel the EU

Global EconomyMoney and Banks

01/23/2015Mises Daily Articles
The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even more bailouts.
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How Embargoes Destroy Freedom

Global EconomyU.S. HistoryWar and Foreign Policy

01/10/2015Mises Daily Articles
Supporters of embargoes like the Cuban embargo have never made a convincing case for why taxpayers, merchants, and consumers should be forced to forego their property rights and bear the costs of the embargo’s war on free trade.
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How Reducing GDP Increases Economic Growth

Big GovernmentTaxes and Spending

01/02/2015Mises Daily Articles
Reducing government spending results in an immediate increase in welfare for all productive members of the economy. But, the way we calculate economic growth is rigged to make it look like more government spending fuels economic growth.
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