Mises Daily

Displaying 1 - 10 of 6831

Why Devaluing the Yuan Won't Help China's Economy

Mises DailyAugust 27, 2015
China has recently devalued its currency. Like many governments, the Chinese government thinks this will help the economy by increasing exports. But it will really just destroy real wealth in the process.

Read more

Hostages and the Right to Pay Ransom

Mises DailyAugust 26, 2015
Many governments — including the US — have often inhumanely forbidden families from supplying ransoms to kidnappers to save loved ones. The Obama administration recently, and correctly, suspended the practice of prosecuting families in these cases...

Read more

Reliving the Crash of '29

Mises DailyAugust 25, 2015
The crash of 1929 came after a decade of interventionist politics following world War I. "Free markets" were blamed anyway. Decades later, we pursue even more interventionism, and when it fails, we blame "free markets" all over again...

Read more

Why Government Hates Cash

Mises DailyAugust 24, 2015
Governments have long hated physical cash because it allows for untraceable purchases. But a bigger problem for governments is the fact that holders of cash can signal a lack of trust in central banks by removing all their cash from the financial system.

Read more

Economics Is Dead, and It Is Being Killed Again

Mises DailyAugust 22, 2015
Economics has been in trouble for decades, ever since mathematics replaced what should properly be known as economics. In many ways, the science was killed, but it's not dead enough for some anti-economics leftists who want all of economics to be abandoned permanently...

Read more

Can the States Seize Control of Federal Lands?

Mises DailyAugust 21, 2015
Some states are attempting to take control of federal lands within their own borders. But even if the states succeed at this, fewer federal expenditures on federal lands won’t translate into lower taxes for anybody...

Read more

Don’t Be Fooled By Our Current Price Stability

Mises DailyAugust 20, 2015
Consumer prices have been stable, but we should pay attention to 2014's decline in the money supply which mirrors a similar decline from 1927 and 1928, which was followed by a collapse in industrial production...

Read more

Keeping the Bubble-Boom Going

Mises DailyAugust 19, 2015
The Fed is talking about raising interest rates, but it knows that any move in that direction is likely to cause a recession and more economic pain. But it also knows it can't keep forcing down interest rates forever...

Read more

Cass Sunstein and "Libertarian" Paternalism

Mises DailyAugust 18, 2015
Law professor and bureaucrat Cass Sunstein makes the case for what he calls "Libertarian Paternalism" in his new book Why Nudge? The problem, David Gordon explains, is that Sunstein's plan assumes rationality and good faith among the government agents who do the "nudging."...

Read more

Pharmaceutical Prices, Patents, and the FDA

Mises DailyAugust 17, 2015
Economist Jeffrey Sachs is complaining that some new drugs cost "too much." But after we sift through all the intellectual property rules, the FDA regs, and the government subsidies, it's impossible to guess what a "correct" price for the drugs might be...

Read more