Mises Daily Articles

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Wealth Must Be Created Before We Can Give It To the Poor

The EntrepreneurEntrepreneurshipValue and Exchange

06/18/2015Mises Daily Articles
Charity serves an important and indispensable function in society: not everyone can engage in enough productive work to meet the daily needs of his or her family. But entrepreneurs and businesses have to create wealth before it can be given away.

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Gold and Economic Inequality

Money and BanksGold StandardMoney and Banking

06/16/2015Mises Daily Articles
Both Republicans and Democrats think they can tinker their way to creating an economy with less inequality. Both sides miss the point, and ignore the central role of government fiat money in the problem.

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Government Spending on "Innovation": The True Cost Is Higher Than You Think

Calculation and KnowledgeMonopoly and CompetitionSubjectivism

06/15/2015Mises Daily Articles
Many claim that great advances in technology come primarily through government spending on research. In fact, government tech spending crowds out other innovations while favoring certain interest groups at everyone else's expense...

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The Futility of Our Global Monetary Experiment

Global EconomyMoney and BanksMoney and Banking

06/13/2015Mises Daily Articles
The world's central banks have been pouring new money into the financial system, which has produced a dangerous amount of distortion to prices in the market. And what do we have to show for it? Economic growth is anemic, at best...

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Does Military Defense Require Large States?

Global EconomyThe Police StateWar and Foreign Policy

06/12/2015Mises Daily Articles
Opponents of secession and decentralization claim that secession is self-destructive because small states will find themselves defenseless in the face of military aggression. In fact, small states enjoy many advantages in wealth, flexibility, and decentralization that are lacking in larger,...

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Let’s Hope Machines Take Our Jobs: We Want Wealth, Not Jobs

The EntrepreneurValue and Exchange

06/11/2015Mises Daily Articles
What if machines took most of our jobs? Things would become less expensive, and humans would become wealthier in real terms, just as has happened since the Industrial Revolution began. Fear of labor-saving technology continues unabated, nonetheless.

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Economic Automatons Emerge to Attack James Grant's The Forgotten Depression

Money and BanksU.S. HistoryMoney and Banking

06/09/2015Mises Daily Articles
It appears that even economists are now being replaced by machines. At least it seems that way given a recent paint-by-numbers attack from the New York Times on James Grant's new book The Forgotten Depression ...

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Technology Needs Capital To Produce Economic Growth

Capital and Interest TheoryEntrepreneurship

06/08/2015Mises Daily Articles
Krugman is confused as to why so much technological growth in recent years has not led to more economic growth. The answer lies in the fact that true technological change requires funding — and thus real savings — to be implemented...

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The Myth of CEO Pay and "Greed"

PricesValue and Exchange

06/06/2015Mises Daily Articles
We’re often told that CEO pay is outrageously high and that increases in executive pay comes at the expense of worker pay. If we look beyond the few examples used by the pundits, however, we find that these oft-repeated “facts” are anything but...

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How Governments Keep You (and Your Money) From Leaving

Big GovernmentGlobal EconomyTaxes and Spending

06/05/2015Mises Daily Articles
Governments don’t like it when citizens emigrate to escape high taxes and other government-imposed costs. Governments would much rather keep productive citizens and their money at home. Bigger countries find it’s much easier to keep us in...

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