Mises Daily Articles

Displaying 11 - 20 of 6788

The Broken Window Fallacy and "Blessings" of Destruction in the Real World

Booms and BustsHistory of the Austrian School of EconomicsPhilosophy and Methodology

07/15/2015Mises Daily Articles
It's been a light season for hurricanes and tropical storms in North America, and contrary to what many economics "experts" may think, that's a good thing. After all, natural disasters are extremely costly in terms of opportunity costs and capital...

Read more

It’s Not Just Debt: Government Spending and Easy Money Fuel the Greek Crisis

Big GovernmentGlobal EconomyMoney and Banks

07/13/2015Mises Daily Articles
Debt isn't the only problem Greece faces. Thanks to years of government spending and easy money, the Greek economy long ago turned away from true wealth generating activities and embraced a bubble economy instead...

Read more

Immigration Policy Must Be Decentralized

Big GovernmentPricesPrivate Property

07/11/2015Mises Daily Articles
Although federal courts have struck down their efforts, states and local governments have attempted to limit taxpayer subsidization of migrant populations. This central planning of immigration by the Feds has served only to increase conflict while swelling the size of government.

Read more

Portugal’s Experiment in Drug Decriminalization Has Been a Success

HealthThe Police StateInterventionism

07/10/2015Mises Daily Articles
Fourteen years ago, when Portugal decriminalized most illegal drugs, drug war proponents claimed the move would drive Portugal into chaos. Today, Portugal has the second-lowest death rate from illegal drugs in Europe with no sign of chaos on the horizon.

Read more

Lenin and Marx: Sound Money Advocates?

Money and BanksWorld HistoryMoney and Banking

07/09/2015Mises Daily Articles
Surprisingly, Marx and Lenin were occasionally insightful when it came to the problems and consequences of fiat money in the economy. In principle, they opposed unbacked currency. But of course, once communists seized political power, those principles went right out the window.

Read more

Greece’s Biggest Problem Is Its Anti-Capitalist Culture

Global EconomyInterventionismMoney and Banking

07/08/2015Mises Daily Articles
Like Argentina and Venezuela, Greece's economy is plagued not just by institutional problems, but by a pervasive anti-capitalism that continually cripples the ability of individual Greeks to build wealth and a solid economy...

Read more

Jurassic World: Don't Blame It On The Market

Media and CulturePricesValue and Exchange

07/07/2015Mises Daily Articles
Jurassic World is the latest film to portray deadly disasters supposedly caused by profit-seeking run amok. But would the private sector really produce a super-smart dinosaur that is likely to eat many of the customers?

Read more

Greek Taxpayers Facing a Future of Debt Slavery

Global EconomyMoney and BanksMoney and Banking

07/06/2015Mises Daily Articles
The Greek government has spent freely for many years to enrich itself and its special interests at the expense of taxpayers. And now, it is not the Greek politicians who will suffer, but the taxpayers who face a future of unending debt payments.

Read more

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.

Read more

What’s Driving Bolivia’s Booming Economy

Global EconomyEntrepreneurshipInterventionism

07/02/2015Mises Daily Articles
Much of Bolivia's alleged socialist miracle relies on the commodity boom, but there is a real laissez-faire element behind the boom, too. Bolivian President Evo Morales is allowing Bolivia's small-businesses and informal economies to truly thrive and grow...

Read more