Mises Daily Articles

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Did "Tight" Fed Policy Cause the Financial Crisis?

Booms and BustsThe FedMoney and BanksMoney and Banking

12/16/2015Mises Daily Articles
In a recent exchange with Janet Yellen, Senator Ted Cruz blamed the Fed for being too "tight" with monetary policy, thus causing the financial crisis of 2008. Cruz is right that the Fed was at fault, but he's wrong about how...

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Ludwig von Mises Is Winning

World HistoryHistory of the Austrian School of EconomicsPhilosophy and Methodology

12/15/2015Mises Daily Articles
Luckily for us all, Mises survived the war and went on to live a life that fundamentally altered the world. He overcame the Nazis, academic blacklists, and the personal hardships that tends to haunt any man who refuses to sacrifice his principles.

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The Dreary Utopia of the Socialists

Other Schools of ThoughtPhilosophy and MethodologyPolitical Theory

12/14/2015Mises Daily Articles
In a capitalist world, socialists would be free to form their own socialist communities. They're largely free to do so now, although few do. This may be due to the fact that even the utopian version of socialism seems unpleasant...

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The Week in Review: December 12, 2015

Booms and BustsCorporate WelfareThe FedTaxes and SpendingCalculation and KnowledgeCapital and Interest TheoryPhilosophy and MethodologyPraxeologyValue and Exchange

12/12/2015Mises Daily Articles
The world waits to see if next week is finally the week that the Fed announces its rate hike. Can the economy survive whatever small bump the Fed deals out? Perhaps, but that won’t change the inherent instability of our current monetary regime...

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Piketty Is Wrong: Markets Don’t Concentrate Wealth

Capital and Interest TheoryEntrepreneurshipMonopoly and Competition

12/11/2015Mises Daily Articles
Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.

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Why Gold-Backed Money Doesn’t Bring Booms and Busts

Booms and BustsThe FedMoney and BanksMoney and Banking

12/10/2015Mises Daily Articles
Central bankers would have us believe that creating money “out of thin air” is no problem as long as the “demand for money” increases. They also claim that gold-backed money is more prone to booms and busts. But they’re wrong on both counts...

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End the Sugar Tax Now

Corporate WelfarePricesValue and Exchange

12/09/2015Mises Daily Articles
The sugar industry and the corny syrup industry have been fighting in court. But don't be fooled. Ultimately, the two industries are happy to help each other out in order to keep their own crony-capitalist arrangements in place...

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Government Debt Is Not Like Private Debt

Booms and BustsThe FedMoney and BanksTaxes and SpendingMoney and Banking

12/08/2015Mises Daily Articles
Opponents of austerity have come out to denounce the idea that it’s bad for governments to borrow. They note that there are benefits to borrowing. The distinction they fail to make is that there’s a big difference between private borrowing and government borrowing...

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No, "Big Data" Can’t Predict the Future

Calculation and KnowledgePhilosophy and MethodologyPraxeology

12/07/2015Mises Daily Articles
We've been told that with enough data, we can use sophisticated computing methods to predict the future. That often works with the physical sciences, but predicting human action is something else altogether...

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The Week in Review: December 5, 2015

Booms and BustsThe FedGlobal EconomyMoney and BanksWorld HistoryMoney and BankingPhilosophy and MethodologyPolitical Theory

12/05/2015Mises Daily Articles
Government failure was being felt everywhere this week, from the massive law-enforcement failure in Sen Bernardino to the crumbling economy in Brazil. Meanwhile, government tells us it only needs a little more money, power, and time to solve all problems.

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