Mises Daily Articles

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The Week in Review: January 23, 2016

Booms and BustsThe FedMoney and BanksMoney and Banking

01/23/2016Mises Daily Articles
Fear is in the air. Central bankers are warning of crisis, and while mainstream economists fear the falling prices that are on the horizon in our post-boom world, Austrians know that deflation and recessions are both inevitable and necessary.

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Mises in Four Easy Pieces

EntrepreneurshipHistory of the Austrian School of EconomicsInterventionismMonopoly and Competition

01/22/2016Mises Daily Articles
Ludwig von Mises reminds us that thanks to the rise of markets and capitalism, human beings gained more access to more abundance than ever before. And it is the consumers, not the producers, who have power over the market process.

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Three Centuries of Boom-Bust in Spain

Booms and BustsMoney and BanksWorld HistoryMoney and Banking

01/21/2016Mises Daily Articles
Following the discovery of the Americas, Spain began a 300-year period of booms, busts, war, and mercantilism. Only in the eighteenth century did the country begin to find prosperity through liberalization of trade and private property.

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Why We Need a Recession

Booms and BustsThe FedMoney and BanksMonetary Theory

01/20/2016Mises Daily Articles
More credit expansion to keep the current easy-money induced boom going is only delaying the inevitable. Unfortunately, the pain will be much worse than it needed to be had governments allowed recessions to repair our economies much earlier.

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In a Post-Boom World, Auto Prices Will Fall

Booms and BustsPricesValue and Exchange

01/19/2016Mises Daily Articles
Thanks to easy credit, automobiles have become very complex and luxurious, and brimming with safety features. The cost of producing these cars, however, won't keep prices from falling once the bubble bursts...

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Un-PC Lego Making Toys Girls Like

EntrepreneurshipSubjectivismValue and Exchange

01/18/2016Mises Daily Articles
Lego has finally managed to attract girls to their products with the Lego Friends line. In response, feminists have denounced the line for being too "girly." But Lego is just responding to market demand and what Mises called consumer sovereignty...

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The Week in Review: January 16, 2016

Booms and BustsMedia and CultureMoney and BankingPolitical Theory

01/16/2016Mises Daily Articles
The global economy continues to wrestle with deflation, with oil reaching its lowest price in over a decade. The economic winds continue to look ominous, with even mainstream outlets questioning whether 2016 could be worse than 2008 . Of course much of the week headliners was dominated by political...

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Do Video-Game Worlds Need Government Regulation?

The EntrepreneurMedia and CultureEntrepreneurshipPolitical Theory

01/15/2016Mises Daily Articles
For some people, there's nothing that can’t be improved by a big dose of government regulation. Now, even the virtual economies of video games are being targeted as the next frontier in labor laws, price controls, and more...

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Is Eating a Cinnamon Roll Irrational?

Calculation and KnowledgeEntrepreneurshipValue and Exchange

01/14/2016Mises Daily Articles
For some economists, the fact that entrepreneurs make cinnamon rolls instead of selling only celery sticks is a “market failure.” These economists have appointed themselves the arbiters of what is “best” for people, and therefore, what should be sold in the marketplace...

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Will Immigration Force a Change in Sweden’s Labor Laws?

Global EconomyWorld HistoryInterventionismValue and Exchange

01/13/2016Mises Daily Articles
The Swedish welfare state long ago created a rigid and dysfunctional labor market. But now, the influx of immigrants is highlighting just how poorly the Swedish labor market works.

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