Mises Daily

Greek Taxpayers Facing a Future of Debt Slavery

Mises DailyJuly 6, 2015
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

Mises DailyJuly 4, 2015
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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Greece Illustrates 150 Years of Socialist Failure in Europe

Mises DailyJuly 3, 2015
The Greek crisis illustrates the latest failure in Europe's attempts to build a lasting prosperity through consumption and redistribution of wealth. It's been going on for 150 years, and it remains to be seen if Europe will learn anything from the present crisis...

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What’s Driving Bolivia’s Booming Economy

Mises DailyJuly 2, 2015
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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Economic Stagnation and the Global Bubble

Mises DailyJuly 1, 2015
Despite massive policy stimulus in the United States, the US economy is now growing far more slowly than in past periods of monetary inaction from the central bank. Meanwhile, fragile economic bubbles are being inflated from China to Europe.

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No End in Sight For Higher-Education Malinvestment

Mises DailyJune 30, 2015
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

Mises DailyJune 29, 2015
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

Mises DailyJune 27, 2015
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

Mises DailyJune 26, 2015
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

Mises DailyJune 25, 2015
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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