Mises Daily Articles

Displaying 1 - 10 of 181

Lenin and Marx: Sound Money Advocates?

Money and BanksWorld HistoryMoney and Banking

07/09/2015Mises Daily Articles
Surprisingly, Marx and Lenin were occasionally insightful when it came to the problems and consequences of fiat money in the economy. In principle, they opposed unbacked currency. But of course, once communists seized political power, those principles went right out the window.

Read more

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.

Read more

Little-Known Laws That Cripple American Trade

Big GovernmentGlobal EconomyU.S. Economy

03/03/2015Mises Daily Articles
The Jones Act and similar laws have been behind a precipitous decline in global American shipping. Passed for "national defense" purposes, such laws only serve to raise the cost of shipping to US ports while restricting consumer access to goods...

Read more

Let’s Secede from the American Monetary Union

The FedMoney and BanksMoney and Banking

01/21/2015Mises Daily Articles
The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.

Read more

Leonard Liggio, RIP

10/18/2014Mises Daily Articles
Ralph Raico remembers his friend, Leonard Liggio.

Read more

Left and Right Agree: War Is Popular

The EntrepreneurWar and Foreign PolicyCapital and Interest TheoryEntrepreneurshipValue and Exchange

10/09/2014Mises Daily Articles
The occasional eruptions of anti-war positions from conservatives and progressives are more a function of what political party controls the White House than of any principled ideological stance. Don't expect sustained opposition to war to come from either side...

Read more

Lowering Taxes Is the Only Decent Tax Reform

Taxes and SpendingPrivate Property

09/27/2014Mises Daily Articles
Tax credits and deductions deprive the state of revenue, while allowing greater freedom to taypayers. As such, they are good things, while closing “loopholes” or eliminating tax credits is a very bad thing. Making taxes more “efficient” or “fair” only helps...

Read more

Labor Unions Are Anti-Labor

InterventionismProduction Theory

07/28/2014Mises Daily Articles
Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.

Read more

Limited Government Is a Vain Hope

Free MarketsEntrepreneurshipPhilosophy and Methodology

06/20/2014Mises Daily Articles
The notion of limited government is incapable of being realized in practice. If there is a monopoly government, any limitations on the government must be ones the government has imposed on itself. To expect this sort of limitation to be effective is futile.

Read more

Labor Unions and Freedom of Association

Free MarketsInterventionismMonopoly and Competition

03/04/2014Mises Daily Articles
Unions and collective bargaining are not necessarily illegitimate. Workers who seek other arrangements are not “free riders” but are victims of union monopoly power...

Read more

Shield icon library