Mises Wire

Colorado’s Taxpayer Bill of Rights (TABOR) Should Be a Role Model for the Nation

StrategyTaxes and SpendingU.S. Economy

Blog4 hours ago

The 49 other states, assuming they want an effective fiscal rule, should look at Colorado’s Taxpayer Bill of Rights.

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"Windfall Profits" Aren't a Problem

The EntrepreneurEntrepreneurship

Blog06/16/2018

Once it is understood that profits and losses evolve from the changing values of consumers, it becomes obvious that abolishing windfall profits or windfall losses is impossible.

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Subjective Value Is not Arbitrary Value

SubjectivismValue and Exchange

Blog06/16/2018

The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

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The EU is Rotting (and Its Banks are Insolvent)

Financial MarketsGlobal EconomyMoney and BanksMoney and Banking

Blog06/16/2018

The EU’s precariousness will only be fully exposed by the next credit crisis and the ECB’s response to it, which will end up collapsing the euro.

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Ryan McMaken: Why Breaking Up is Hard to Do

Decentralization and SecessionStrategy

06/15/2018Audio/Video
Ryan McMaken and Jeff Deist discuss the California ballot measure that would split the Golden State into three distinct parts.

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Four Hundred Years of Dynamic Efficiency

Free MarketsWorld HistoryEntrepreneurshipHistory of the Austrian School of Economics

06/15/2018Mises Daily Articles
Efficiency is not just the avoidance of waste. When entrepreneurs expand the boundaries of what is economically possible, we get "dynamic efficiency," which is essential for progress.

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Three Non-Libertarian Books You Should Be Reading

Legal SystemMedia and CultureWar and Foreign Policy

Blog06/15/2018

These three books can open up a deeper understanding of war, drugs, and human society in general.

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Economics Is Not Rocket Science — It's Even More Complicated

Philosophy and Methodology

Blog06/15/2018

Economics is not like the physical sciences, and reasoning and analogies based on the physical sciences are often misleading in economics. 

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The Best Answer to Trump’s Tariffs: Free Trade

Global EconomyProtectionism and Free Trade

Blog06/14/2018

Neither the United States nor the European Union are so free of protectionist “sin” to cast retaliatory tariff stones at the other. 

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In Hiking Interest Rates, Jerome Powell is Living Dangerously

Booms and BustsThe FedFinancial Markets

Blog06/14/2018

The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis. 

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