Mises Daily Articles

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We Need Actual Free Trade, Not the TPP

Global EconomyWar and Foreign PolicyInterventionism

05/30/2015Mises Daily Articles
All that is necessary for free trade to flourish is for governments to get out of the business of punishing people who import goods without government approval. We don’t need a system of government agreements and regulations like the Trans Pacific Partnership...

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The ECB and the Negative-Interest-Rate Game

Global EconomyMoney and BanksMonetary Theory

05/28/2015Mises Daily Articles
The European Central Bank is continuing with its negative interest rate policy, but it's not having the desired effect. Instead, the central bank is just filling the void by buying up government debt with newly created money...

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No, Tax Breaks are not Subsidies

Taxes and SpendingInterventionism

05/27/2015Mises Daily Articles
The video game industry has been criticized for taking advantage of tax breaks, with critics claiming that the industry is being "subsidized" by a smaller tax bill. But, there's a very big difference between a tax break and a subsidy...

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Why Do We Celebrate Rising Home Prices?

Booms and BustsThe Fed

05/23/2015Mises Daily Articles
The Fed and the government have gone to great lengths to prop up home prices. But it seems a bit odd to try to increase the cost of a basic necessity like housing. Why not do the same with food and clothing?

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Your Government-Approved Diet May Kill You

HealthPhilosophy and Methodology

05/22/2015Mises Daily Articles
Billions of tax dollars have been spent on scientific studies and public programs designed to tell Americans what to eat and how to be healthy. The experiment has failed, and we have nothing to show for it.

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Railway Socialism and Safety

Taxes and SpendingMonopoly and Competition

05/21/2015Mises Daily Articles
In the wake of the Amtrak railway disaster, we’re likely to hear that the solution to the problem is more tax funding and regulation. Few will suggest privatizing the railways. But the historical record suggests that privatization does indeed make for safer railroads...

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How Government Inaction Ended the Depression of 1921

The FedMoney and BanksTaxes and Spending

05/20/2015Mises Daily Articles
Everyone knows about the Great Depression which brought massive government intervention and lasted a decade. But few know of the Depression of 1920–21 which was ignored by government and lasted eighteen months...

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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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British Election Strikes Another Blow Against EU

Global EconomyTaxes and SpendingWar and Foreign Policy

05/16/2015Mises Daily Articles
David Cameron’s razor-thin win in the UK elections means he’s had to promise a new referendum on EU membership. If the UK were to leave the EU, it may trigger Scottish secession and a major shift in the EU balance of power...

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How GDP Metrics Distort Our View of the Economy

Calculation and KnowledgeInterventionismPhilosophy and Methodology

05/15/2015Mises Daily Articles
It is now commonplace for governments to measure economic prosperity with GDP metrics. Numerous arbitrary rules and faulty assumptions behind these measures, however, skew our view of how economies grow and living standards improve.

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