Archive for Mises Daily

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.

Understanding Argentina’s Coming Default

recession impact on young man and society in arentinaMises Daily Wednesday by Nicolás Cachanosky:

Argentina’s government is on the verge of default yet again. How could this happen three times in thirty years? Well, the Argentine government has a habit of spending without restraint and then trying to cheat its creditors. But this time, it’s run into a problem.

The “Entrepreneurial” State is Anything But

6823Mises Daily Tuesday by Tyler Kubik:

With the failure of central planning worldwide, many economists have turned to promoting government as an innovative and entrepreneurial institution that fosters greater efficiency and economic growth. In truth, governments fail where private entrepreneurs succeed. Governments keep wasting money in the meantime.

Gold, Silver, and the Future of the Dollar

6822Mises Daily Weekend by Mark Thornton:

In this interview, Mark Thornton discusses the future of the US dollar as the world’s reserve currency and how both gold and silver and can be part of a return to sound money.

Should We Build a McDonald’s on the Rim of the Grand Canyon?

canyon2Mises Daily Friday by Ryan McMaken

The Navajos want to develop the southern rim of the Grand Canyon, but environmentalists are unhappy. There’s little private property involved, so don’t blame the capitalists, and it’s worth remembering that much of the tourist economy in the West is a subsidized invention of the federal government.

How Government Uses “Efficiency” as an Excuse to Steal

6818Mises Daily Thursday by Gary Galles:

Only individuals can determine what is efficient for themselves, and they will only engage in voluntary exchange when they believe it is the efficient thing to do. Some economists, and most governments, prefer to use other standards of efficiency such as “potential compensation” which leads to government mischief.

How to Start Reforming the Federal Reserve Right Now

6817Mises Daily Wednesday by Brendan Brown:

All too many of the reforms being proposed for the central bank are just more of the same central planning. Real reform of the Fed begins with setting interest rates free, the abolition of deposit insurance, and ending the Fed’s position as lender of last resort.

A Brief History of Progressivism

6819 (1)Mises Daily Tuesday by Andrew Syrios

From prohibition to eugenics to nativism and to Marxism, “progressives” throughout history have repeatedly shown a great fondness for endless social engineering and state control of pretty much anything and everything.

Why Faster Is Sometimes Better, But Not Always

6815Mises Daily Monday by Jonathan Newman:

We see that contemporary mainstream economics is in a holding pattern. With no new math problems, the economists have resorted to timing their computers’ efforts to solve the existing math problems… Meanwhile, from my seat in the research wing of the Mises Institute, I’m close to some interesting and — in terms of a connection to real, human market actors — relevant work in economics.

New Audio Articles from ‘Mises Daily’

Be sure to visit the Audio Mises Daily page if you prefer audio versions of the Daily articles. Some recent titles:

Industrial Policy Is Still a Loser by  & 

Jean-Baptiste Say: An Underrated Revolutionary by 

How To Have Law Without Legislation by 

The Right Way to View Entrepreneurship

6814Mises Daily Weekend by Peter Klein and Nicolai Foss:

Much of the existing research on entrepreneurship focuses only on start-ups and small business. But entrepreneurship is a much broader topic and entrepreneurs appear everywhere as drivers of greater wealth and economic growth. Peter Klein and Nicolai Foss discuss new ways to study this phenomenon.

The Problem with Right-to-Work Laws

6813Mises Daily Friday by Logan Albright

Many free-market advocates approve of right-to-work laws because they diminish the power of monopolist labor unions. Right-to-work laws, however, prohibit employers from dealing with unions in whatever way the employer chooses, and thus just substitute one government mandate for another.

The Neo-Mercantilist Hysteria Over US Trade Deficits

imports2Mises Daily Thursday by Joseph Salerno:

Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects. In spite of the fact that trade deficits are not an actual problem for our economy, Keynesians propose to “fix” the problem by devaluing the dollar.

Industrial Policy Is Still a Loser

6808Mises Daily Tuesday by by Stewart Dompe and Adam C. Smith

Joesph Stiglitz, 2001 Nobel laureate in economics, wants to revitalize industrial policy through greater government intervention to favor certain technologies over others. He says it’s not about picking winners, but about positive externalities. Either way, it all comes down to central planning.

Employer-Provided Health Care Is Not a Religious Issue

PayslipMises Daily Tuesday by Ryan McMaken:

Contrary to what proponents of government-controlled health care would have us believe, employer-provided health insurance has nothing to do with religion and everything to do with the free exchange of labor for wages.

How the Drug War Drives Child Migrants to the US Border

6810Mises Daily Monday by Mark Thornton

An increasing percentage of migrants to the US-Mexican border are from Central American countries. It is not merely a coincidence that these same areas have been devastated by the American war on drugs, which has destroyed economies and increased crime in much of the region.

 

Rockwell on the State, the Military, and Propaganda

BMises Daily Weekend:

An interview with Lew Rockwell:

War is the health of the state, and by encouraging enthusiasm for war, and deference for the state’s military institutions, states work to increase their own power in many other areas as well. Many citizens and taxpayers are happy to oblige, but that may be changing.

Thomas Piketty and Mises’s ‘The Anti-Capitalistic Mentality’

Money balanceMises Daily Friday:

In his short book The Anti-Capitalistic Mentality, first published in 1954, Ludwig von Mises explains why Piketty’s new anti-capitalist tome is popular among a certain class of people, and why much of Piketty’s book relies on a re-telling of old myths about capitalism.

Jean-Baptiste Say: An Underrated Revolutionary

6802Mises Daily Thursday by Carmen Dorobăț

Jean-Baptiste Say was no mere French popularizer of the ideas of Adam Smith. As a forerunner of the Austrian School and a father of laissez-faire in France, Say’s insights continue to challenge interventionist economists to this day. Everl Schoorl’s new biography sheds new light on Say’s life and works.