Mises Daily Articles

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A Case for Monetary Independence

The FedMoney and BanksMoney and Banking

04/11/2015Mises Daily Articles
"Sound money and free banking are not impossible; they are merely illegal," Hans Sennholz wrote. Today, the barriers to competition in money and free-market banking are numerous, but even a few non-radical changes could open up a new world of options and competition for bankers and...

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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.

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How Easy Money Drives the Stock Market

Money and BanksMoney and BankingPrices

04/09/2015Mises Daily Articles
As the money supply fluctuates, so does the demand for money and for goods and services. We see this in the stock market, but the effect is not instantaneous, and we must be mindful of the time delay.

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What Romance Can Tell Us About Government Regulation

InterventionismPrivate Property

04/08/2015Mises Daily Articles
When it comes to romantic relationships, people ruthlessly discriminate and make an endless number of subjective judgments. Most agree that it is absurd to regulate these relationships while not realizing that the same is true of all business relationships as well.

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Who Owns the North Pole?

Legal SystemWorld HistoryPrivate Property

04/07/2015Mises Daily Articles
The US, Russia, Canada, Denmark, and other states are racing to take control of the Arctic Ocean. Outside of a few tiny outposts, however, these states have never "homesteaded" the region, so their claims of true ownership are fanciful at best...

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A Portrait of the Classical Gold Standard

World HistoryGold StandardMoney and Banking

04/06/2015Mises Daily Articles
While not at all perfect, the classical gold standard of the late nineteenth and early twentieth century facilitated some of the greatest leaps in economic prosperity ever witnessed. Marcia Christoff-Kurapovna surveys the views of central bankers and economists of the time.

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"Appropriate and Necessary" Is Whatever We Say It Is

The EnvironmentHealthInterventionism

04/04/2015Mises Daily Articles
The Supreme Court case of Michigan v. EPA illustrates how the law provides so many tools to federal agencies that their power is more or less unlimited. It's only a matter of finding which laws will stick, and the result is lawlessness...

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Will Manny Pacquiao’s Huge Tax Bill Be Enough for the IRS?

The EntrepreneurTaxes and Spending

04/03/2015Mises Daily Articles
Global boxing star Manny Pacquiao, in spite of the fact he isn’t a US resident or citizen, owes the IRS $18 million, and they plan to demand a lot more when Pacquiao fights in Las Vegas next month...

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"Discrimination" Isn't About Religion, It's About Private Property

Big GovernmentInterventionism

04/02/2015Mises Daily Articles
The debate over the freedom to discriminate has flared up again in Indiana where the conflict is being framed as a dispute between Christians and gays. In truth, the matter hinges only on whether or not people should be allowed to exercise private property rights.

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Our Current Illusion of Prosperity

Booms and BustsU.S. Economy

04/01/2015Mises Daily Articles
The Fed and Washington politicians tell us how well the economy is doing, but the problems of the last financial crisis remain, and if we look closer, we find stagnant wages, ageing equipment, and lenders looking to scrape the bottom of the barrel.

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