Archive for Mises Daily

The Fed and the “Salvador Dali Effect”

6845Mises Daily Tuesday by Dante Bayona:

The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate without consequences indefinitely. The international victims of the scheme, however, are looking for a way out.

 

Police States and Inner-City Economics

6846Mises Daily Monday by Ryan McMaken:

The recent civil disobedience, rioting, and police brutality in Ferguson, Missouri reminds us of what happens when police states and bad economics are mixed together.

The Intolerance Behind Elizabeth Warren’s 11 Commandments of Progressivism

6841Mises Daily weekend by William Anderson.

Elizabeth Warren has outlined 11 Commandments of Progressivism, but her record and the nature of Progressive economics illustrates that each commandment is based on coercion and the politics of serving certain favored groups while imposing real professional and monetary costs on everyone else.

Don’t Assume What Is “Unseen” Doesn’t Exist

6840Mises Daily Friday by Gary Galles:

Economists often rely on the assumption of “other things equal” to construct simple economic models. This is fine. The problem arises when politicians and their allies use similar assumptions to simply ignore the complexity of the economy and unintended results of public policies in real life.

Higher Ed Cronyism in Serbia: A Case Study

6844Mises Daily Friday by Predrag Rajšić:

If the payoff is high enough, universities are happy to award degrees based on political connections.

Government Spending and Negative Interest Rates

6838Mises Daily Thursday by Dickson Buchanan:

The European Central Bank has gone over to negative interest rates as part of its plan to avoid deflation at all costs. But negative interest rates also have the convenient side effect of encouraging more investment in government bonds, which enable more government spending.

US Sanctions on Russia May Sink the Dollar

rsz_800px-hundred_dollar_bill_01Mises Daily Thursday by Ron Paul:

US sanctions against Russia are just the latest incentive for the world’s economies to avoid dealing with the dollar.

Carl Menger’s Revolution

menger2Mises Daily Wednesday by Mateusz Machaj:

Menger, Walras, and Jevons are credited with creating the marginal revolution in economics. Carl Menger’s contribution to this revolution, however, should be regarded as something distinct, unique, and more rigorous.

The Importance of Literary Criticism from a Free-Market Perspective

hamletMises Daily Wednesday by Matt McCaffrey:

There’s a lot of exciting work being done in the field of literary studies, which isn’t usually known for its sound economics.

Tax Cuts Are Only for the Powerful

Pay-OffMises Daily Tuesday by Crosby Kemper III and Rex Sinquefield.

Politicians tell us that tax cuts aren’t necessary for economic growth. But when a politically-powerful company offers to move to town and hire people, the politicians fall all over themselves to offer a tax cut. Ordinary business owners, meanwhile, get no such offers.

The Savings and Loan Debacle: Twenty-Five Years Later

fslic2Mises Daily Monday by Dale Steinreich:

The Savings and Loan Crisis is now twenty-five years old, and while it now seems like ancient history to many, many more still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations.

Pioneers in Free-Market Literary Criticism

6832Mises Daily Weekend by Jo Ann Cavallo:

The field of literary criticism has been dominated by Marxists and other anti-capitalists for decades. But thanks to Henry Hazlitt, Paul Cantor and others, a body of work by free-market literary critics is now beginning to emerge.

The State’s Worst Atrocity

6831Mises Daily Thursday by Lew Rockwell:

Just about everyone makes the perfunctory nod to the tragedy of war, that war is a last resort only, and that everyone regrets having to go to war. But war has been at the heart of much pro-government ideology, and remains so today.

Confusing Capitalism with Fractional Reserve Banking

vault2Mises Daily Wednesday by Frank Hollenbeck:

Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today. It’s a government- and central bank-created problem, but capitalism gets the blame.

 

World War One and the End of the Bourgeois Century

6830Mises Daily Tuesday by Ryan McMaken

The First World War began one hundred years ago, and it was a total disaster for Europe. The war destroyed not only the bodies and capital of millions of human beings, but it also destroyed the ideology and economy of the peaceful and prosperous century that had come before.

The War on Drugs Is Not Like The War on Poverty

6828Mises Daily Weekend by Randall Holcombe

Unlike the War on Poverty, the War on Drugs is a real and bloody war by the United States against a minority group known as drug buyers and sellers.

The Best of Mises University 2014

6829It was an amazing and encouraging week at Mises University this year.

 

Hollywood and the State: A Longtime Partnership

6826Mises Daily Friday by Salmaan A. Khan:

Hollywood has a long history of joining forces with the US government. In recent decades a complex system of subsidies and direct assistance from various government agencies in the making of movies has helped bring the state and the entertainment industry even closer together.

When High Taxes Lead to Revolution

6824Mises Daily Thursday by Peter St. Onge:

Sun-Tzu believed that societies are in deep trouble when wars and other government efforts exhaust the wealth of those who pay the bills. But the lack of revolutions, even in highly-taxed societies points to the possibility that many are willing to tolerate rather high taxation rates.