Mises Daily Articles

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Doomsayers Doomed in Washington State Marijuana Debate

The Police StateU.S. HistoryInterventionism

07/25/2015Mises Daily Articles
Legal recreational marijuana has now been legal in Washington State for two and a half years. During that time, violent crime has decreased, and the doom-laden predictions of opponents to legalization have failed to come true.

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Immigrants Aren’t the Only Ones Who Shouldn’t Be Voting

Taxes and SpendingU.S. EconomyPolitical Theory

07/24/2015Mises Daily Articles
Many commentators focus on immigrants when declaring that people who live off government spending should not be able to vote. However, there is no lack of longtime citizens who also have an incentive to keep the tax money flowing as long as possible.

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Central Banks and Our Dysfunctional Gold Markets

Gold StandardMoney and BankingPrices

07/23/2015Mises Daily Articles
Gold prices are subject to manipulation in a variety of ways from the private sector, central banks, and governments. To see how gold fits into markets, we must look to see how "official" and "unoffocial" prices for the yellow metal are being shaped...

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The Fed’s Confusion Over the "Natural Rate" of Unemployment and Inflation

The FedMoney and BanksMoney and Banking

07/20/2015Mises Daily Articles
The Fed often uses the "natural rate" of unemployment to determine whether or not it should raise interest rates. But as with so many metrics the Fed uses, this one is based on arbitrary measures that can be manipulated to suit Fed policy...

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The Intellectual Intolerance Behind “Check Your Privilege”

EducationPhilosophy and Methodology

07/18/2015Mises Daily Articles
Strictly speaking, the phrase "check your privilege" could be an invitation to debate. But in practice, it is all too often an attempt to shut down debate and to make a personal attack on one's opponent in the name of "tolerance."...

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Jeb Bush’s Advice: Work Harder, Not Smarter

Big GovernmentThe FedU.S. History

07/17/2015Mises Daily Articles
Jeb Bush recently opined that to get more economic growth, people need to work more hours. What Bush fails to understand is that more employment is not the key to more economic growth. Saving and investment bring more productivity, which brings a better economy.

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How Student Loans Create Demand for Useless Degrees

Big GovernmentPricesValue and Exchange

07/16/2015Mises Daily Articles
Apart from driving up prices, one of the main problems of subsidized government loans is the fact that a student can get the same loan terms for a high-risk degree in art history as for a safer degree in engineering.

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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...

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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...

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Immigration Policy Must Be Decentralized

Big GovernmentDecentralization and SecessionPricesPrivate 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.

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