Mises Daily Articles

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Drought and the Failure of Big Government in California

The EnvironmentU.S. Economy

04/10/2015Mises Daily Articles
In California, the price of water is set by politicians, and not by markets, so that cheap water benefits some interest groups over others. It should now surprise no one that the state is in the midst of a water crisis.
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Does Europe Have Demand Deficiency Syndrome?

Big GovernmentMoney and BanksMoney and Banking

12/05/2014Mises Daily Articles
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.
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Downton Abbey's Dirty Secret

War and Foreign PolicyWorld History

11/29/2014Mises Daily Articles
Downton Abbey , which returns for a fifth season in January, features an even-handed treatment of the British aristocracy. But behind this nuanced view remains the fact that titled aristocrats usually owe their positions to government favoritism and cronyism.
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Diversity in Goals Brings Diversity in Value

PricesValue and Exchange

11/24/2014Mises Daily Articles
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.
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Deficit Spending Is the Government's Perfect Weapon

Taxes and SpendingU.S. History

11/05/2014Mises Daily Articles
A perpetual and unlimited debt brings the cheapening of money and then inflation, whereby the middle class is economically murdered in its sleep.
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David Gordon: The Life and Times of Murray Rothbard


10/21/2014Mises Daily Articles
David Gordon and Jeff Deist discuss Rothbard’s life from an insider’s perspective, his relationship with Mises and the areas where they disagreed, and more.
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Do We Need a Lender of Last Resort?

Money and BanksMonetary TheoryMoney and Banking

10/20/2014Mises Daily Articles
Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency?
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Drug Warriors Claim Colorado Going to Pot

Big GovernmentHealth

09/09/2014Mises Daily Articles
Drug warriors rely on bad and manipulated data to make the claim that respecting private property rights in Colorado is "terrible public policy."
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Don’t Assume What Is "Unseen" Doesn’t Exist

The FedInterventionism

08/15/2014Mises Daily Articles
Protectionism harms US consumers by taking away options they prefer (and patriotism does not justify helping some American producers beggar American consumers).
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Democracy, War, and the Myth of the Neutral State

War and Foreign PolicyWorld HistoryPolitical Theory

05/03/2014Mises Daily Articles
The real sovereign is the small ruling class that makes the final decisions in the state of emergency.
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