Archive for Mises Daily

Nobel Winner Jean Tirole’s Faulty Views on Monopoly

6942Mises Daily Wednesday by Frank Shostak:

Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model “perfect competition” and monopoly, in which there is no place for entrepreneurship, and which fails to grasp that consumers benefit more from a diversity of goods than a diversity of firms.

More Politics Means More Conflict

kids2Mises Daily Tuesday by Ryan McMaken:

A recent study shows that one’s political views are now the most widespread source of discrimination and conflict in American society. Politics is now more important than ever because the state is now more powerful than ever.


Could the ‘Taylor Rule’ Have Prevented the Housing Bubble?

broken measureMises Daily Tuesday:

Tom Woods and Mateusz Machaj discuss the problem with John Taylor’s rule for monetary policy.

Obamacare Is Not a Revolution, It Is Mere Evolution

healthMises Daily Weekend by Roger McKinney

Liberty-loving people are right to be appalled by the Patient Protection and Affordable Care Act. However, just about every evil in the legislation has already been inflicted on the market through 50 years of state destruction of the healthcare market.

Why Money Doesn’t Measure Value

gold2Mises Daily Friday by Robert Murphy:

Robert Murphy, contra Real Clear Markets and Forbes, explains why money is not like a ruler and doesn’t measure value.


Public Accommodation and Social Engineering

6936Mises Daily Friday by Nicholas Freiling:

Public accommodation laws that prohibit discrimination render property rights moot and create a legal system designed to force agreement with the state’s official moral code.

Understanding “Quid Pro Quo”

6934Mises Daily Thursday by  Gary Galles:

The term “quid pro quo” has been twisted to now include government handouts and state-mandated exchanges, so long as the value of goods trading hands are deemed to be of “equal value.” True voluntary exchange, on the other hand, is something quite different.

The Index Card of Allowable Opinion

6935Mises Daily Thursday by Tom Woods:

Tom Woods explains the “unacceptable“ opinions behind freedom and free markets.



Check out Tom Woods’s interview about the book on Mises Weekends:

World War I in Our Minds: A Historical View

6933Mises Daily Wednesday by Hunt Tooley:

With 100 years having passed since the start of the First World War, the view of the war among historians and the public has evolved in many ways. Historian Hunt Tooley examines the turning points in how the world sees the Great War

David Gordon: The Life and Times of Murray Rothbard

6932Mises Daily Tuesday with David Gordon:

David Gordon and Jeff Deist discuss Rothbard’s life from an insider’s perspective, his relationship with Mises and the areas where they disagreed, and more.


The Fed’s New Labor-Market Measure

6931Mises Daily Tuesday by Frank Shostak:

The Fed has created a new measure of employment that it says it will use to guide monetary policy. Unfortunately, simply knowing employment trends tells us little about whether or not real wealth is being created in the economy.


Do We Need a Lender of Last Resort?

6928Mises Daily Monday by Nicolás Cachanosky

Efficient banks have many options for lenders and credit when banking crises hit. It’s the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency?

Tom Woods: Champion of Libertarian Dissent

6930Mises Daily Weekend with Tom Woods:

This weekend Tom Woods joins us to discuss his new book entitled Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion.


Reading the Road Map to a Police State

6924Mises Daily Weekend by Aaron Tao:

Radley Balko examines the history of government policing, lost rights, and the symbiotic relationship between the police state and the war on drugs.

Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End

6923Mises Daily Friday by Joseph Salerno:

Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession.

An Austrian Economist Reports From a Mainstream Economics Conference

6922Mises Daily Thursday by Christopher Westley:

Christopher Westley reports from this year’s National Association of Business Economists Convention. He finds that the mainstream’s intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014.

Is the Surge in Capital Goods Orders Due to Malinvestment?

6921Mises Daily Tuesday by Frank Shostak

Orders in capital goods have been going up since 2009. Normally, capital goods purchases suggest economic growth, but if the orders are a result of easy money, the purchases point not to wealth creation, but to a bubble.


The Rothbard-Paul Message

2801Mises Daily Tuesday by Darrell Falconburg.

A young libertarian tells where the liberty movement should go.


Rothbard on Self-Defense and War

back of a security guardMises Daily Tuesday by David Gordon:

Contrary to the claims of many advocates for expanding the already-huge war apparatus of the United States, Libertarians in general — and Murray Rothbard in particular — are not pacifists, but reject the killing of innocents and other unjustified forms of military aggression.

How Much Is Obama’s War on ISIS Going to Cost?

rsz_3040508093_a66a92cc59_o_1Mises Daily Tuesday by Daniel McAdams:

How much is Obama’s war on ISIS Going to Cost you? You don’t want to know.