Mises Daily Articles

Displaying 1 - 10 of 264

Doomsayers Doomed in Washington State Marijuana Debate

The Police StateU.S. HistoryInterventionism

07/25/2015Mises Daily Articles
Legal recreational marijuana has now been legal in Washington State for two and a half years. During that time, violent crime has decreased, and the doom-laden predictions of opponents to legalization have failed to come true.

Read more

Dumping the Euro Isn’t a Cure-All: Easy Money Lets Governments Avoid Free-Market Reforms

Global EconomyMoney and BanksMoney and Banking

06/25/2015Mises Daily Articles
The euro is an inflationary fiat currency, but it’s apparently not inflationary enough for many profligate European governments that want their own local currencies so they can inflate even more, and use easy money to temporarily cover up many economic sins...

Read more

Does Military Defense Require Large States?

Global EconomyThe Police StateWar and Foreign Policy

06/12/2015Mises Daily Articles
Opponents of secession and decentralization claim that secession is self-destructive because small states will find themselves defenseless in the face of military aggression. In fact, small states enjoy many advantages in wealth, flexibility, and decentralization that are lacking in larger,...

Read more

Don’t Trust the Economic Oracles

Global EconomyPhilosophy and Methodology

06/04/2015Mises Daily Articles
Mathematical economic models have a poor record of making accurate predictions, which makes sense since human action cannot be quantified by numbers. On the other hand, an understanding of sound economics can help us make good qualitative predictions.

Read more

Did You Pay Your "Fair Share" on Tax Day?

Taxes and SpendingInterventionismPrivate Property

04/24/2015Mises Daily Articles
The pro-tax crowd continues to tell us that the rich aren't paying their "fair share" and that the system taxes the poor more than the rich. The opposite is true, although this doesn’t justify more taxes for either the rich or the poor...

Read more

Do We Want High Prices or Low Prices?

PricesSubjectivismValue and Exchange

04/21/2015Mises Daily Articles
We’re often told that some prices should be high, and some others should be low. But the real goal should not be high prices or low prices, but a price system that communicates what is valued in society...

Read more

Drought and the Failure of Big Government in California

The EnvironmentU.S. Economy

04/10/2015Mises Daily Articles
In California, the price of water is set by politicians, and not by markets, so that cheap water benefits some interest groups over others. It should now surprise no one that the state is in the midst of a water crisis.

Read more

Does Europe Have Demand Deficiency Syndrome?

Big GovernmentMoney and BanksMoney and Banking

12/05/2014Mises Daily Articles
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.

Read more

Downton Abbey's Dirty Secret

War and Foreign PolicyWorld History

11/29/2014Mises Daily Articles
Downton Abbey , which returns for a fifth season in January, features an even-handed treatment of the British aristocracy. But behind this nuanced view remains the fact that titled aristocrats usually owe their positions to government favoritism and cronyism.

Read more

Diversity in Goals Brings Diversity in Value

PricesValue and Exchange

11/24/2014Mises Daily Articles
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.

Read more

Shield icon library