Mises Daily Articles

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Jurassic World: Don't Blame It On The Market

Media and CulturePricesValue and Exchange

07/07/2015Mises Daily Articles
Jurassic World is the latest film to portray deadly disasters supposedly caused by profit-seeking run amok. But would the private sector really produce a super-smart dinosaur that is likely to eat many of the customers?

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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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Five Laws to Repeal on Independence Day

Big GovernmentU.S. HistoryInterventionism

07/04/2015Mises Daily Articles
The Constitution of 1787 represented a counter-revolution against the Declaration of Independence and what it represented. Naturally, many acts of Congress under this Constitution have done even more to undo the Spirit of 1776 since then. Here are a few of the worst.

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What’s Driving Bolivia’s Booming Economy

Global EconomyEntrepreneurshipInterventionism

07/02/2015Mises Daily Articles
Much of Bolivia's alleged socialist miracle relies on the commodity boom, but there is a real laissez-faire element behind the boom, too. Bolivian President Evo Morales is allowing Bolivia's small-businesses and informal economies to truly thrive and grow...

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No End in Sight For Higher-Education Malinvestment

Booms and BustsPrices

06/30/2015Mises Daily Articles
Thanks to the higher-education bubble, times are great for those who make money off of college students. Tuition continues to climb while a building boom produces expensive new housing and classrooms. Meanwhile, the students themselves may not be getting their money's worth...

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Frédéric Bastiat’s Economic Sophisms Is Now More Important Than Ever

History of the Austrian School of EconomicsPhilosophy and MethodologyPolitical Theory

06/29/2015Mises Daily Articles
Frédéric Bastiat would have turned 214 today. Although primarily remembered for The Law , Bastiat's book Economic Sophisms , filled with Bastiat's unique wit, and his ability to destroy bad economic theories, is as timely as ever...

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Self-Determination and Secession

Decentralization and SecessionWorld HistoryPolitical Theory

06/27/2015Mises Daily Articles
Sardinia has a long history of agitating for secession from Italy. Now some Sardinians want to secede form Italy in order to become a new region of Switzerland. Ludwig von Mises defended this "secede-and-join" tactic and called it "self-determination."...

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Baltimore’s Unemployed and the True Cost of Minimum Wages

Big GovernmentInterventionism

06/26/2015Mises Daily Articles
Advocates for minimum wage mandates say they won't cause unemployment if done a little at a time. But if that's the case, why isn't Baltimore, with its myriad of wage laws, an engine of job growth?...

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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...

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The Pope Should Listen to Tom Woods

Media and CultureInterventionismPrivate Property

06/24/2015Mises Daily Articles
Tom Woods’s book The Church and the Market revolutionized the economics debate among Catholics, and it explained how religion cannot replace economic science any more than it can replace physics. Understanding reality, and how to seek religious ends within it, depends on good science...

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