Mises Daily

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Today's War Against Deflation Will Make Us Poorer

Mises DailyOctober 29, 2015
The problem with the central bank's easy-money policies is not primarily that it leads to rising prices. The big problem is that it leads to the crippling of the wealth creation process and the movement of resources from productive to non-productive sectors...

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The War on Cars Is a War on Workers and the Poor

Mises DailyOctober 28, 2015
Government planners are fond of dreaming up new ways to force people out of their cars. But automobiles have long been a boon to ordinary working people who can access less expensive goods and better jobs because of them.

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Robert Shiller Imagines What Consumers Should Want, While Ignoring What They Do Want

Mises DailyOctober 27, 2015
Neoclassical economists make too many assumptions and decree that the desires of consumers must conform to some external definition of what's "rational." But consumers like to decide for themselves what they want, and when they want it...

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The Fed Can’t Raise Rates, But Must Pretend It Will

Mises DailyOctober 26, 2015
The Fed has a difficult balancing act. To maintain the current easy-money induced boom, it must not raise rates. But at the same time, it must also act as if it might raise rates some day, or savers will abandon the credit markets.

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The Mises Week in Review: October 24, 2015

Mises DailyOctober 24, 2015
No amount of fantasizing can make fundamental economic realities go away, no matter how much we put our faith in central banks, government regulation, or technologies of the future.

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Reflections on Venezuela’s "Economic Miracle"

Mises DailyOctober 23, 2015
It wasn't long ago that the pundits were talking about Venezuela's "economic miracle" which had proved all the anti-socialist naysayers wrong. But with soaring unemployment, inflation, and deficits, the Venezuelan people are unfortunately having to pay for years of ignoring...

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Beavis and Butt-Head Take Over Silicon Valley

Mises DailyOctober 22, 2015
Mike Judge's Silicon Valley , takes a look at the entrepreneurs and capitalists of the high-tech world where oddball inventors learn the hard lessons of Economics 101. It turns out there's a lot more to making money than just being smart...

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Employment Is Nothing Like Slavery

Mises DailyOctober 21, 2015
Anti-capitalists often claim that employment is like slavery. But unlike slavery, employment in the market is voluntary, non-coercive, and makes the employee better off than he would have been without it. Employees merely choose an employer that provides the best alternative to non-employment.

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Star Trek Is Wrong: There Will Always Be Scarcity

Mises DailyOctober 20, 2015
Millions of pop culture consumers have been affected by the "post scarcity" world portrayed in Star Trek . But even in Star Trek , the claims of having overcome scarcity are belied by the fact that human lives, planets, starships, and time all remain scarce...

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Robert Shiller Is Shilling for Socialism

Mises DailyOctober 19, 2015
Robert Shiller, in a new screed against capitalism in The New York Times, asserts that government regulation makes countries rich. He then bolsters this argument by making stuff up.

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