Mises Daily

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The Futility of Our Global Monetary Experiment

Mises DailyJune 13, 2015
The world's central banks have been pouring new money into the financial system, which has produced a dangerous amount of distortion to prices in the market. And what do we have to show for it? Economic growth is anemic, at best...

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Does Military Defense Require Large States?

Mises DailyJune 12, 2015
Opponents of secession and decentralization claim that secession is self-destructive because small states will find themselves defenseless in the face of military aggression. In fact, small states enjoy many advantages in wealth, flexibility, and decentralization that are lacking in larger,...

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Let’s Hope Machines Take Our Jobs: We Want Wealth, Not Jobs

Mises DailyJune 11, 2015
What if machines took most of our jobs? Things would become less expensive, and humans would become wealthier in real terms, just as has happened since the Industrial Revolution began. Fear of labor-saving technology continues unabated, nonetheless.

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Fact Checking Paul Krugman's Claim To Be "Right About Everything"

Mises DailyJune 10, 2015
Believing his record on economic predictions to be impeccable, Paul Krugman has declared himself "Krugtron the Invincible." Unfortunately for him, a closer look at this record leaves quite a bit to be desired when it comes to accurately predicting the future...

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Economic Automatons Emerge to Attack James Grant's The Forgotten Depression

Mises DailyJune 9, 2015
It appears that even economists are now being replaced by machines. At least it seems that way given a recent paint-by-numbers attack from the New York Times on James Grant's new book The Forgotten Depression ...

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Technology Needs Capital To Produce Economic Growth

Mises DailyJune 8, 2015
Krugman is confused as to why so much technological growth in recent years has not led to more economic growth. The answer lies in the fact that true technological change requires funding — and thus real savings — to be implemented...

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The Myth of CEO Pay and "Greed"

Mises DailyJune 6, 2015
We’re often told that CEO pay is outrageously high and that increases in executive pay comes at the expense of worker pay. If we look beyond the few examples used by the pundits, however, we find that these oft-repeated “facts” are anything but...

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How Governments Keep You (and Your Money) From Leaving

Mises DailyJune 5, 2015
Governments don’t like it when citizens emigrate to escape high taxes and other government-imposed costs. Governments would much rather keep productive citizens and their money at home. Bigger countries find it’s much easier to keep us in...

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Don’t Trust the Economic Oracles

Mises DailyJune 4, 2015
Mathematical economic models have a poor record of making accurate predictions, which makes sense since human action cannot be quantified by numbers. On the other hand, an understanding of sound economics can help us make good qualitative predictions.

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Japan’s Easy-Money Experiment and the Future

Mises DailyJune 3, 2015
Japan finally joined the US and the EU in their grand 2-percent-inflation-forever experiment in 2005. Many Japanese politicians have benefited from this. Meanwhile, nothing has been done in Japan to actually help the economy defend itself against the next economic disaster.

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