Mises Daily Articles

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Four Hundred Years of Dynamic Efficiency

Free MarketsWorld HistoryEntrepreneurshipHistory of the Austrian School of Economics

06/15/2018Mises Daily Articles
Efficiency is not just the avoidance of waste. When entrepreneurs expand the boundaries of what is economically possible, we get "dynamic efficiency," which is essential for progress.

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Foreign Capital Investment: The Antidote to Global Inequality

History of the Austrian School of Economics

10/03/2017Mises Daily Articles
Foreign investment and free trade are the keys to rapidly increasing a government's wealth. Unfortunately, most governments demonize both of these.

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Five Laws to Repeal on Independence Day

Big GovernmentU.S. HistoryInterventionism

07/04/2015Mises Daily Articles
The Constitution of 1787 represented a counter-revolution against the Declaration of Independence and what it represented. Naturally, many acts of Congress under this Constitution have done even more to undo the Spirit of 1776 since then. Here are a few of the worst.

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Frédéric Bastiat’s Economic Sophisms Is Now More Important Than Ever

History of the Austrian School of EconomicsPhilosophy and MethodologyPolitical Theory

06/29/2015Mises Daily Articles
Frédéric Bastiat would have turned 214 today. Although primarily remembered for The Law , Bastiat's book Economic Sophisms , filled with Bastiat's unique wit, and his ability to destroy bad economic theories, is as timely as ever.

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Financial Warfare and the Declining Dollar

Money and BanksWar and Foreign PolicyMoney and Banking

05/07/2015Mises Daily Articles
With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own "Suez moment" in which foreign regimes can nullify American foreign policy without firing a shot.

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Five Steps to Fixing Greece’s Debt Problem

Global EconomyMoney and BanksMoney and Banking

03/04/2015Mises Daily Articles
The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy.

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Fracking — A New Bubble for a New Year

Booms and BustsFinancial MarketsGlobal Economy

01/22/2015Mises Daily Articles
Thanks to high oil prices and years of cheap money, capital-intensive fracking operations became feasible in even some of the most marginal areas. But with easy money comes bubbles, and falling oil prices may soon help pop the fracking bubble.

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Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End

The FedFinancial MarketsBusiness CyclesMoney and Banking

10/17/2014Mises Daily Articles
Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession.

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