Mises Daily

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Three Centuries of Boom-Bust in Spain

Mises DailyJanuary 21, 2016
Following the discovery of the Americas, Spain began a 300-year period of booms, busts, war, and mercantilism. Only in the eighteenth century did the country begin to find prosperity through liberalization of trade and private property.

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Why We Need a Recession

Mises DailyJanuary 20, 2016
More credit expansion to keep the current easy-money induced boom going is only delaying the inevitable. Unfortunately, the pain will be much worse than it needed to be had governments allowed recessions to repair our economies much earlier.

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In a Post-Boom World, Auto Prices Will Fall

Mises DailyJanuary 19, 2016
Thanks to easy credit, automobiles have become very complex and luxurious, and brimming with safety features. The cost of producing these cars, however, won't keep prices from falling once the bubble bursts...

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Un-PC Lego Making Toys Girls Like

Mises DailyJanuary 18, 2016
Lego has finally managed to attract girls to their products with the Lego Friends line. In response, feminists have denounced the line for being too "girly." But Lego is just responding to market demand and what Mises called consumer sovereignty...

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The Week in Review: January 16, 2016

Mises DailyJanuary 16, 2016
The global economy continues to wrestle with deflation, with oil reaching its lowest price in over a decade. The economic winds continue to look ominous, with even mainstream outlets questioning whether 2016 could be worse than 2008 . Of course much of the week headliners was dominated by political...

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Do Video-Game Worlds Need Government Regulation?

Mises DailyJanuary 15, 2016
For some people, there's nothing that can’t be improved by a big dose of government regulation. Now, even the virtual economies of video games are being targeted as the next frontier in labor laws, price controls, and more...

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Is Eating a Cinnamon Roll Irrational?

Mises DailyJanuary 14, 2016
For some economists, the fact that entrepreneurs make cinnamon rolls instead of selling only celery sticks is a “market failure.” These economists have appointed themselves the arbiters of what is “best” for people, and therefore, what should be sold in the marketplace...

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Will Immigration Force a Change in Sweden’s Labor Laws?

Mises DailyJanuary 13, 2016
The Swedish welfare state long ago created a rigid and dysfunctional labor market. But now, the influx of immigrants is highlighting just how poorly the Swedish labor market works.

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Austrian Economics Is More than Free-Market Economics

Mises DailyJanuary 12, 2016
Many people mistakenly think of Austrian economics as nothing more than a radical defense of free markets, though it's really a framework for studying human action and its social implications...

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Is the Auto Loan Bubble Ready to Pop?

Mises DailyJanuary 11, 2016
The housing bubble has been replaced by a number of new bubbles. Among them is the auto loan bubble. Car loans now last longer than ever and are going to more people with bad credit. This might not end well.

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