Mises Daily

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Can the US Dollar Face Down the Chinese Yuan?

Mises DailyDecember 1, 2015
The continuing power of the US dollar was called into question this week as the International Monetary Fund added the Chinese yuan as a part of the IMF's "currency" known as Special Drawing Rights. What does this mean for the US and China?...

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The Problem With "Rules-Based" Monetary Policy

Mises DailyNovember 30, 2015
Republicans and conservative think tanks are apparently convinced that the key to improving the Federal Reserve is to create a "rules-based" monetary policy. But, as is so often the case with economics, things are much more complicated than they seem...

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The Week in Review: November 28, 2015

Mises DailyNovember 28, 2015
The true lessons of Thanksgiving are that private property, the market economy, and personal responsibility lead to prosperity, while government intervention makes us all poorer.

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Economics Is About Scarcity, Property, and Relationships

Mises DailyNovember 27, 2015
Everything in human life is organized around how we make decisions about three things: scarcity, property, and relationships.

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Thanksgiving Is a Celebration of Free Enterprise

Mises DailyNovember 26, 2015
The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

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With Mass Shootings, the State Makes Us Less Safe

Mises DailyNovember 25, 2015
President Obama has claimed that mass shootings do not occur in other countries. But, the data is clear that they do happen other places, and in places with stringent gun control laws. Worldwide, the state fails to keep its citizens safe.

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The Good Ol' Days: When Tax Rates Were 90 Percent

Mises DailyNovember 24, 2015
Bernie Sanders and other advocates for more taxes like to note that income tax rates hit 90 percent in the 1950s. What they leave out is that few ever paid such rates and total tax revenues were about the same then as today.

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Should People be Allowed to Work for $1 an Hour?

Mises DailyNovember 23, 2015
Amazon has developed a new way to help people do easy work for a little extra cash. The jobs involve repetitive tasks that computers can't do. But, since the jobs pay below minimum wage, we're told the whole thing should be outlawed...

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The Week in Review: November 21, 2015

Mises DailyNovember 21, 2015
The Paris attacks forced the world's attention away from causes such as the plight of "white privilege" on college campuses and back to the consequences of blowback to interventionist foreign policy. Unfortunately, the political response to these atrocities have been predictable.

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European Borders May be Redrawn as Europe Embraces Nationalism

Mises DailyNovember 20, 2015
EU members are closing their borders across Europe, effectively redrawing the map. But this doesn't mean an end to a unified Europe. We may be seeing the prelude to the emergence of a smaller and more militaristic European Union.

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