Mises Daily Articles

Displaying 1 - 10 of 1920

Taxation Is Robbery

Legal SystemTaxes and SpendingInterventionism

11/08/2017Mises Daily Articles
It took centuries to end the idea that taxes kept the privileged class in comfort and financed their wars. But now we're told taxes = civilization.

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The Peculiar and Unique Position of Economics

History of the Austrian School of EconomicsPraxeology

11/03/2017Mises Daily Articles
Great men cannot adjust social conditions to their plans if they do not convince public opinion.

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The Truth About the "Robber Barons"

Free MarketsEntrepreneurshipInterventionism

11/01/2017Mises Daily Articles
Most of the businessmen we now call Robber Barons got rich by using the power of the state, and not by serving their customers in a free market.

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The Conquest of the United States by Spain

Free MarketsGlobal EconomyOther Schools of Thought

10/06/2017Mises Daily Articles
A modern economist stands aghast at the economic measures adopted by Spain … inspired by some demon of folly, they were so destructive to her prosperity...

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The Genius of Carl Menger

BiographiesHistory of the Austrian School of Economics

09/26/2017Mises Daily Articles
For Menger, economic activity is essentially just planning for the future.

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The NFL Draft and the Division of Labor

Free MarketsInterventionism

04/27/2017Mises Daily Articles
The division of labor allowed Mel Kiper Jr. and Joel Buchsbaum to create a niche doing what they love: writing football draft reports.

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The War On Cash: Why Now?

Booms and BustsMoney and BanksMoney and Banking

07/29/2015Mises Daily Articles
Physical cash has long been problematic for governments because it allows people to avoid the banking system, which in turn can lead to tax avoidance and bank runs. It’s much easier to control an economy when all money must remain in banks...

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The Fed’s Confusion Over the "Natural Rate" of Unemployment and Inflation

The FedMoney and BanksMoney and Banking

07/20/2015Mises Daily Articles
The Fed often uses the "natural rate" of unemployment to determine whether or not it should raise interest rates. But as with so many metrics the Fed uses, this one is based on arbitrary measures that can be manipulated to suit Fed policy...

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The Intellectual Intolerance Behind “Check Your Privilege”

EducationPhilosophy and Methodology

07/18/2015Mises Daily Articles
Strictly speaking, the phrase "check your privilege" could be an invitation to debate. But in practice, it is all too often an attempt to shut down debate and to make a personal attack on one's opponent in the name of "tolerance."...

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The Broken Window Fallacy and "Blessings" of Destruction in the Real World

Booms and BustsHistory of the Austrian School of EconomicsPhilosophy and Methodology

07/15/2015Mises Daily Articles
It's been a light season for hurricanes and tropical storms in North America, and contrary to what many economics "experts" may think, that's a good thing. After all, natural disasters are extremely costly in terms of opportunity costs and capital...

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