Mises Daily Articles

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Must Free Trade Be Reciprocal?

Free MarketsHistory of the Austrian School of Economics

03/14/2018Mises Daily Articles
Advocates of commercial treaties maintain that freedom of trade must be reciprocal. Whether they know it or not, they are protectionists in principle.

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Mercantilism as the Economic Side of Absolutism

World HistoryInterventionismOther Schools of Thought

12/26/2017Mises Daily Articles
Mercantilism was of necessity a system of state-building, of big government, of high taxes, and the aggrandizing of the nation-state.

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Martin Luther posting his 95 theses in 1517. Painting by Ferdinand Pauwels (1872).
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Messianic Communism in the Protestant Reformation

BiographiesWorld HistoryOther Schools of ThoughtPhilosophy and Methodology

10/30/2017Mises Daily Articles
Some Reformers devoted themselves to the cause of communism as it had supposedly existed in the primitive Christian Church.

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Murray Rothbard and the Deflation Bogey

Booms and BustsThe FedFinancial MarketsMonetary Theory

10/14/2017Mises Daily Articles
Contra the "experts," the economy really needs a strong bout of deflation to eradicate malinvestments and to permit the economy to have a real recovery.

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Mises Explains the Drug War

Free MarketsFrom the ArchivesInterventionism

09/25/2017Mises Daily Articles
Mises contends, the fact that something is a vice is no reason for suppression by way of commercial prohibitions.

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Mercantilism: A Lesson for Our Times?

Free MarketsInterventionismOther Schools of ThoughtPolitical Theory

02/15/2017Mises Daily Articles
Inflation did not benefit the poor; wages lagged behind the rise in prices during inflations, especially behind agricultural prices.

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Michel Chevalier’s Case Against the Patent System

World HistoryMonopoly and CompetitionPrivate Property

04/17/2015Mises Daily Articles
Largely forgotten in the English-speaking world today, French laissez-faire economist Michel Chevalier was an early opponent of patents, which he dismissed as a type of monopoly and an obstacle to technological and intellectual progress.

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Middle Eastern Barriers to an Agile Marketplace

Global Economy

03/25/2015Mises Daily Articles
The Middle East once enjoyed unprecedented economic prosperity, but thanks to centuries of bureaucratic centralization and institutional barriers to free-market growth, the modern Middle East has long since fallen behind the West.

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Moving Money Around Won’t Make Us Richer

Booms and BustsMoney and BanksMoney and Banking

01/28/2015Mises Daily Articles
At the individual level, we can't get rich by spending money, but Keynesian stimulus is built on the idea that yes, spending money does in fact make you richer. Unfortunately, it only makes some people richer, not including you.

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Printing money
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Markets Restrain Bank Fraud, But Central Banks Enable It

Booms and BustsMoney and BanksMoney and Banking

01/20/2015Mises Daily Articles
If given a choice, people will avoid paper money that is declining in value, thus putting a restraint on inflationary bank notes. To shield banks from this, they turned to a monopolist central bank that issues legal tender and helps private banks inflate.

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