Mises Daily Articles

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Let’s Secede from the American Monetary Union

The FedMoney and BanksMoney and Banking

01/21/2015Mises Daily Articles
The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.

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Markets Restrain Bank Fraud, But Central Banks Enable It

Booms and BustsMoney and BanksMoney and Banking

01/20/2015Mises Daily Articles
If given a choice, people will avoid paper money that is declining in value, thus putting a restraint on inflationary bank notes. To shield banks from this, they turned to a monopolist central bank that issues legal tender and helps private banks inflate.

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People Have More Money? Let’s Tax It!

Free MarketsTaxes and SpendingU.S. History

01/19/2015Mises Daily Articles
The drop in gas prices has left households with a little extra money to spend. So naturally, the state thinks it's a great time to raise gas taxes. Otherwise, taxpayers would just waste that money on their families.

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Switzerland Frees the Swiss Franc

Global EconomyMoney and BanksMoney and Banking

01/17/2015Mises Daily Articles
The Swiss franc was pegged to the euro in 2011, but after years of easy money in the eurozone, the Swiss have bailed in an effort to save the franc from even more inflation that's expected from the Europen Central Bank.

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The True Cost of the Homeownership Obsession

Booms and BustsFinancial MarketsMoney and Banks

01/16/2015Mises Daily Articles
The homeownership rate is now back where it was forty years ago. So what did all that federally-subsidized homebuying over the past decade accomplish? There was a lot of malinvestment, and a lot of politically-favored interest groups that got richer.

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Bait & Switch: "Economic Development" in the States

Big GovernmentTaxes and SpendingEntrepreneurship

01/15/2015Mises Daily Articles
States could attract more businesses and jobs by lowering taxes and making government smaller. But since governments hate cutting taxes and regulations, they instead choose to lure new firms with temporary tax breaks and special favors.

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The Fed: Reality Trumps Rhetoric

The FedMoney and BanksMonetary Theory

01/14/2015Mises Daily Articles
The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.

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The Sky Is Not Falling: Legal Pot Turns One in Colorado

Financial MarketsHealthThe Police State

01/13/2015Mises Daily Articles
Mark Thornton reviews the first year of cannabis legalization in Colorado and the fact that the predictions of the prophets of dooms have failed to materialize. Meanwhile, the power of the state in this area continues to weaken.

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The Left’s War on Uber, Sharing, and the Poor

Big GovernmentEntrepreneurship

01/13/2015Mises Daily Articles
Confronted with something new and inventive, the left reacts with fear and condemnation, opposing Uber, the sharing economy behind it, and the benefits they bring to low-income entrepreneurs everywhere.

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Revolutions Eat Their Parents

War and Foreign PolicyWorld HistoryPolitical Theory

01/12/2015Mises Daily Articles
Revolutionaries often place their trust in unlimited government to remake the world in their image, but unrestrained states have a habit of turning on those who support them.

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