Mises Daily

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Politicians Seek Short-Term Advantages by Lecturing Capitalists about the Long Term

Mises DailyAugust 4, 2015
Capitalists generally think in terms of future earnings, and future value of investments often helps determine the present value. Hillary Clinton, however, has decided to achieve her short-term election goal by hectoring capitalists for thinking too much about the short term.

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Connecticut On Its Latest Cash Grab: It’s Not Greed When We Do It

Mises DailyAugust 3, 2015
Connecticut has introduced a new death tax. But for some reason, a blatant cash grab like this is never "greed" when a government uses violence to seize wealth. It's only greed when private sector actors want more money...

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Boston Pulls 2024 Olympic Bid, Taxpayers Win

Mises DailyAugust 1, 2015
Boston joins a growing number of cities where the taxpayers decided they didn't want to deal with the massive costs of hosting the Olympic games. As a bastion of crony capitalism, however, the games are still quite popular among politicians and business "leaders."...

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Bernie, the Koch Brothers, and Open Borders

Mises DailyJuly 31, 2015
Bernie Sanders says immigrants are "taking our jobs" and that the state must act to "help [American] poor people." Predictably, Sanders's "solution" is to give more power to the same government that has created the very problems Sanders identifies with too much...

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Nowadays, Health Insurance Isn’t Really Insurance

Mises DailyJuly 30, 2015
Life insurance works well because insurance companies can weigh the risk of life-altering events against total payments made by the customer. But modern health "insurance" doesn't work that way and is really just a wealth-transfer scheme that now ignores risk and true costs...

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The War On Cash: Why Now?

Mises DailyJuly 29, 2015
Physical cash has long been problematic for governments because it allows people to avoid the banking system, which in turn can lead to tax avoidance and bank runs. It’s much easier to control an economy when all money must remain in banks...

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If Spending Is Our Military Strategy, Our Strategy Is Bankrupt

Mises DailyJuly 28, 2015
For decades, American military strategy has amounted to little more than outspending all adversaries. Vietnam and Korea showed this strategy sometimes fails, although it often works as long as the money keeps flowing. But the financial good times won’t last forever...

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Today's Anti-Capitalists Ignore the Fundamental Problems of Socialism

Mises DailyJuly 27, 2015
Full-on anti-capitalism is again fashionable. The supporters of the latest surge in socialist sympathy relies on the idea that socialism can better deliver a decent standard of living. But without functioning markets, such a goal will prove impossible.

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Doomsayers Doomed in Washington State Marijuana Debate

Mises DailyJuly 25, 2015
Legal recreational marijuana has now been legal in Washington State for two and a half years. During that time, violent crime has decreased, and the doom-laden predictions of opponents to legalization have failed to come true.

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Immigrants Aren’t the Only Ones Who Shouldn’t Be Voting

Mises DailyJuly 24, 2015
Many commentators focus on immigrants when declaring that people who live off government spending should not be able to vote. However, there is no lack of longtime citizens who also have an incentive to keep the tax money flowing as long as possible.

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