Mises Wire

The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

06/20/2019Power & Market

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.

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Two Reasons Why Socialism Repeatedly Fails

Socialism

Blog05/29/2019

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

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Tariffs Are Attacks on Property Rights and Freedom

Protectionism and Free Trade

Blog05/20/2019

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

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The Stock Market According to L.A. Hahn

Blog05/06/2019

Financial markets are neither perfectly efficient, nor animally spirited, but eventually adjusting.

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The Income Tax: Lessons from the Sixteenth Amendment

Taxes and Spending

Blog04/15/2019

The passage of an income tax in the early twentieth century in America was an enormous shift toward a far more centralized and powerful state.

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The Menace of Sub-Zero Interest-Rate Policy

Blog04/12/2019

If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?

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The Trouble With Socialist Anarchism

03/19/2019Mises Daily Articles
Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a "capitalist lackey" than anarchist thinker.
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The Second Socialist Calculation Debate: Comments at the 2018 Austrian Economics Research Conference

SocialismCalculation and Knowledge

02/28/2019Quarterly Journal of Austrian Economics
This article discusses the changes in Austrian economics stimulated by the Second Socialist Calculation Debate and suggests a direction for future research.
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