Mises Daily Articles

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Greece’s Biggest Problem Is Its Anti-Capitalist Culture

Global EconomyInterventionismMoney and Banking

07/08/2015Mises Daily Articles
Like Argentina and Venezuela, Greece's economy is plagued not just by institutional problems, but by a pervasive anti-capitalism that continually cripples the ability of individual Greeks to build wealth and a solid economy...

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Greek Taxpayers Facing a Future of Debt Slavery

Global EconomyMoney and BanksMoney and Banking

07/06/2015Mises Daily Articles
The Greek government has spent freely for many years to enrich itself and its special interests at the expense of taxpayers. And now, it is not the Greek politicians who will suffer, but the taxpayers who face a future of unending debt payments.

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Gold and Economic Inequality

Money and BanksGold StandardMoney and Banking

06/16/2015Mises Daily Articles
Both Republicans and Democrats think they can tinker their way to creating an economy with less inequality. Both sides miss the point, and ignore the central role of government fiat money in the problem.

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Government Spending on "Innovation": The True Cost Is Higher Than You Think

Calculation and KnowledgeMonopoly and CompetitionSubjectivism

06/15/2015Mises Daily Articles
Many claim that great advances in technology come primarily through government spending on research. In fact, government tech spending crowds out other innovations while favoring certain interest groups at everyone else's expense...

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Government Regulation and Economic Stagnation

Big GovernmentGlobal EconomyInterventionism

05/19/2015Mises Daily Articles
Many economists have many theories about why economic growth in many advanced economies is stagnating. Some seem to think it’s irreversible, but a good look at creeping government regulation might offer a few hints as to the true cause...

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Government Regulation: Another Hidden Tax

Free MarketsTaxes and SpendingEntrepreneurship

03/16/2015Mises Daily Articles
It's much easier to calculate the direct cost of a tax than the many indirect costs of a government regulation. Nevertheless, government regulations remain some of the biggest millstones around the neck of human progress and ingenuity...

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Government Loans: Risky Business for Taxpayers

Money and BanksTaxes and SpendingMoney and Banking

02/11/2015Mises Daily Articles
Government loans often feature lower interest rates than what can be found in the private sector. But this is only because these cheap loans are taxpayer subsidized. Meanwhile, the government bans many private loans that risky borrowers need most.

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Government Spending Does Not Help the Economy

Taxes and SpendingU.S. Economy

12/31/2014Mises Daily Articles
Keynesians believe that more government spending leads to more economic growth, but in addition to crowding out productive enterprises, government spending necessitates the transfer of wealth from the productive class to the government class.

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Government Save Us From "Overpriced" Chinese Food

Big GovernmentPricesValue and Exchange

12/12/2014Mises Daily Articles
If a customer consents to paying a certain price at the time of purchase, he cannot later claim that he was overcharged. The fact that he was charged the right amount is clear in the fact that he consented to the purchase in the first place.

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Getting Interest Rates Right (Is a Job For Markets)

Money and BanksMoney and BankingPrices

12/04/2014Mises Daily Articles
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.

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