Mises Daily

The ECB and the Negative-Interest-Rate Game

Mises DailyMay 28, 2015
The European Central Bank is continuing with its negative interest rate policy, but it's not having the desired effect. Instead, the central bank is just filling the void by buying up government debt with newly created money...

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No, Tax Breaks are not Subsidies

Mises DailyMay 27, 2015
The video game industry has been criticized for taking advantage of tax breaks, with critics claiming that the industry is being "subsidized" by a smaller tax bill. But, there's a very big difference between a tax break and a subsidy...

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