Mises Wire

What Student Loans and Health Care Have in Common

Blog08/19/2019

When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.

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Nicholas Oresme and the First Monetary Treatise

World HistoryMonetary TheoryPolitical Theory

08/17/2019Mises Daily Articles
Austrian monetary thought can be traced back right to the very founding father of monetary economics, the great Nicholas Oresme, the 14th century Bishop of Lisieux.
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Austrian Economics Can Help Investors Look Beyond Short-Term Thinking

Blog08/17/2019

Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.

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From the Malthusian Trap to the Keynesian Trap: The British Economy from 1810 to 2019

Labor and WagesMoney and BanksMoney and Banking

Blog08/17/2019

The Keynesian obsession with avoiding deflation and pushing consumer spending has led to a serious decline in savings and capital accumulation.

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If Deficits Are This Huge Now, What Happens When the Recession Hits?

U.S. EconomyU.S. History

Blog08/16/2019

It is troubling that after a decade of an economic expansion, the US government is still spending money as it does during and immediately following a recession. It is as if the economy is now in a state of permanent "stimulus."

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Auberon Herbert On Self Defense

Political Theory

Blog08/16/2019

"If the self is the real property of the individual, force may be employed to repel the force that would take from an individual this special bit of property in himself."

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A Prince of Liechtenstein Discusses Private Property and Political Discourse

Global Economy

Blog08/16/2019

"The biggest problem, not only economically but also politically, is the debt problem. It is unimaginable, how this madness of creating more and more debt and just pushing the economy by inflating the money supply will end."

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The High Cost of Occupational Licensing

Bureaucracy and Regulation

Blog08/16/2019

Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.

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