Ludwig von Mises Institute

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Mises Daily : Mises Institute on Austrian Economics and Libertarianism
Updated: 54 min 33 sec ago

Economic Progress and the Primacy of the Individual

19 April, 2014 - 06:00

The economic success of the West and of free economies everywhere stems from the acceptance within many societies (to varying degrees) that individuals are all equal in the right to own property and exercise freedom from the collective. States, on the other hand, claim a special and exalted position within society.

Scarcity, Monopoly, and Intellectual Property

18 April, 2014 - 06:00

Law and rights do not depend on the dictates of the state. There is growing acceptance of Jeremy Bentham’s dictum that “property is entirely the creature of law.”

The Sad State of the Economics Profession

17 April, 2014 - 06:00

Economists today have sold themselves to the enemy. To succeed they have to toe the line, and they don’t bite the hand that feeds them.

The IMF is Dead Wrong on Low Interest Rates

16 April, 2014 - 06:00

Interest rates are low, and staying low, because they are constantly manipulated by the Fed and other central banks.

Cognitive Dissonance on Minimum Wages and Maximum Rents

15 April, 2014 - 06:00

The minimum wage forces the price of labor up, and rent control forces the price of rental housing down.

Ranchers and Empire in the American West

14 April, 2014 - 06:00

The battle over cattle grazing in Nevada is just the latest episode in a long history of federal regulation of lands in the American West.

Matt Drudge and Information Overload

12 April, 2014 - 06:00

Matt Drudge revolutionized the internet with his invention of the news aggregator, and we need to do something similar to find the truth about freedom and economics.

A College Degree Does Not Make You a Million Dollars

11 April, 2014 - 06:00

The most hard-working and intelligent people tend to go to college, but it’s not the college degree that makes them successful.

For More Jobs and Stability, Set the Economy Free

10 April, 2014 - 06:00

Central bank policies spread uncertainty, malinvestment, and unemployment. Only the private economy provides the necessary economic coordination.

Economic Sanctions Not Key Cause of Russia’s Possible Recession

9 April, 2014 - 06:00

According to some experts, sanctions imposed by the US and the European Union are likely to push Russia into a recession.

Entrepreneurship: The Driving Force of the Economy

8 April, 2014 - 06:00

Many people see economics as a dry, technical subject. But economics is a logical, deductive, human science about real people acting in the real world, with all the dynamism, unpredictability, and creativity that entails. Markets aren’t static, lifeless mathematical constructs but lively, vigorous spaces where people interact and coordinate.

Why Keynesian Economists Don’t Understand Inflation

7 April, 2014 - 06:00

Keynesians use a very narrow definition of inflation, but if we have a better and broader understanding of prices and money, we can see that asset-price inflation is all around us. The Fed is doing nothing to help the situation, and is only helping perpetuate a bubble.

Why We Should Sell Alcohol at College Football Games

5 April, 2014 - 06:00

Many colleges and universities prohibit alcohol consumption at football games. Does this stop drunkenness or disorder?

How Minimum Wage Laws Increase Poverty

4 April, 2014 - 06:00

Those who keep their jobs benefit from minimum-wage increases, but less-skilled and less-experienced workers face greater competition from other low-wage workers.

We Don’t Need “Animal Spirits” to Understand Economics

3 April, 2014 - 06:00

Mainstream economics often invokes vague and unquantifiable concepts like animal spirits to explain how economies work.

Deflating the Deflation Myth

2 April, 2014 - 06:00

Deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world.

Mises and the Diminished A Priori

2 April, 2014 - 06:00
David Gordon discusses Fritz Machlup’s interpretation of Mises vs. Rothbard.

What to Expect From Janet Yellen

1 April, 2014 - 06:00
The Fed has painted itself into a corner. There is no way that the nation can avoid either a recession or the collapse of the value of the dollar. We should prefer the recession, then insist on an end to monetary expansion, regardless of the howls from the politicians.

A Closer Look at Income Inequality

31 March, 2014 - 06:00
Income inequality has been called “the defining challenge of our time,” and it is generally made worse by government policies.

Ron Paul, Richard Cobden, and the Risks of Opposing War

29 March, 2014 - 06:00
Ron Paul is in good company with Cobden, Mencken, Sumner, and the American Anti-Imperialist League — all oppose government militarism.