Mises Daily Articles

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Understanding the Federal Reserve’s Shell Game

The FedMoney and BanksMoney and Banking

03/02/2016Mises Daily Articles
Taxes usually aren't terribly popular with the people who pay the taxes. Fortunately — from the government's perspective — the central bank is there to help tax the people more without their noticing...

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Did Free Markets Cause the Flint, Michigan Water Disaster?

Taxes and SpendingU.S. HistoryInterventionism

03/01/2016Mises Daily Articles
Municipal waterworks are government-run and government-owned, and generally an extension of local governments. But, bizarrely, when something goes wrong, it's somehow the fault of the private marketplace...

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The Long History of Government Meddling in the American Marketplace

The FedTaxes and SpendingU.S. EconomyU.S. History

02/29/2016Mises Daily Articles
American history is a story of non-stop efforts by governments to intervene in the marketplace through regulations, monopolies, and subsidies. Most surprisingly, these market interventions appear to place a central role in causing economic crises over the years.

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The Week in Review: February 27, 2016

The FedMoney and BanksHistory of the Austrian School of Economics

02/27/2016Mises Daily Articles
Dissatisfaction with the Fed appears to have gone mainstream, and this may increase if the Fed descends into negative interest rate policies. But, as always, a sound understanding of economics is key.

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Bernie Sanders Criticizes the Fed for the Wrong Reasons

The FedMoney and BanksMoney and Banking

02/26/2016Mises Daily Articles
Bernie Sanders says he wants to reform the Fed, but Bernie's wrongheaded views on Fed policy demonstrate why it's important to oppose the Fed for the right reasons...

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Where Negative Interest Rates Will Lead Us

The FedGlobal EconomyMoney and BanksMoney and Banking

02/25/2016Mises Daily Articles
Central banks worldwide are putting their faith in negative interest rates. Unfortunately, these central bankers do not understand what interest rates are supposed to do, or how manipulating them will lead to a bust.

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Central Banks Should Stop Paying Interest on Reserves

The FedGlobal EconomyMoney and BanksMoney and Banking

02/23/2016Mises Daily Articles
Central Banks now pay interest on bank reserves held at the Fed. It may sound like only a minor change, barely worthy of notice, but it's actually a very recent and radical experiment for central banks, with large implications for monetary freedom...

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The Economics of "Free Stuff"

Taxes and SpendingSubjectivismValue and Exchange

02/22/2016Mises Daily Articles
It’s laudable when we give gifts that are truly ours to give. This should not be confused with giving away the property of others. In either case, if we want more wealth to give away, we have to produce wealth first...

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The Week in Review: February 20, 2016

Global EconomyU.S. EconomyU.S. HistoryPolitical Theory

02/20/2016Mises Daily Articles
Whether we're talking about central banks or the US Supreme Court, governments everywhere continue to centralize power in the hands of the very few. The problem with this, though, is that successful central planning is impossible and leads to economic chaos...

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Why Women Pay Higher Prices for the "Same" Products

PricesSubjectivismValue and Exchange

02/19/2016Mises Daily Articles
Do women really pay more than men for the "same" goods and services? No. Not only are these supposedly identical goods not actually identical, but the consumers value them differently, leading to different prices...

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