Ludwig von Mises Institute

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Mises Daily : Mises Institute on Austrian Economics and Libertarianism
Updated: 15 min 50 sec ago

The Yield Curve and Our Weakened Economy

13 hours 32 min ago

It’s difficult to envisage a downward-sloping yield curve in an unhampered market economy since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities. But in today’s economy, an upward- or a downward-sloping yield curve reflects the Fed’s interest rate policies.

A Sad End for Flashman?

30 August, 2014 - 06:00

“There is a little of Flashman in all of us — but not enough.”

The Simple Lives Behind Some Great Minds

30 August, 2014 - 06:00

The simple lives of some great thinkers belie the revolutionary nature of their work.

The Myth of the Unchanging Value of Gold

29 August, 2014 - 06:00

Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.

Rethinking Japan’s “Lost Decades”

29 August, 2014 - 06:00

The “Lost Decades” narrative in Japan and the US has kept the drive for more government intervention going for a long time.

Introducing The Mises Curriculum

28 August, 2014 - 06:00

Get full access to all of these courses, including hours of lectures in both video and audio, linked syllabi of online readings, and more.

States, Cartels, and the Anarcho-Capitalist Opposition

28 August, 2014 - 06:00

If, for good reason, we generally distrust the concentrated power wielded by coercive monopolies, we ought to avoid at all costs placing more power in the state, the ultimate embodiment of monopoly.

How Non-Profits Enhance Freedom and Markets

28 August, 2014 - 06:00

The nonprofit form of enterprise is indispensable to both recipient individuals and the benefactors who fund them.

Blaming That Cold Weather Culprit

27 August, 2014 - 06:00

The Fed and it's friends blamed cold weather for much of the year's lackluster economic growth. But cold weather does not explain the economic slowdown because cold weather does not stop economic activity, it merely shifts it to other activities and products.

A Lesson in Economic Analysis from the Minimum Wage Debate

26 August, 2014 - 06:00

Supporters of government interventions like minimum wages. Careful analysis reveals another story, however.

Why Isn’t Monetary Pumping Helping the Economy?

25 August, 2014 - 06:00

The longer central banks persist with their loose monetary policies the greater the risk damaging the wealth-generating process.

Police States and Private Markets

23 August, 2014 - 06:00

When it comes to your local police, there is no shopping around, there is no customer service, and there is no choice.

You Can’t Run an Economy with Spreadsheets

22 August, 2014 - 06:00

An economy cannot be successfully planned with computers and technicians. Mises and Hayek proved this decades ago.

Six Myths About Money and Inflation

21 August, 2014 - 06:00

Politicians and the mainstream media have faith in the central banks to manipulate and manage the global economy. Unfortunately, things are not so easy.

Austrian Capital Theory and Dawn of the Planet of the Apes

20 August, 2014 - 06:00

Austrian capital theory explains why creating a more technologically-advanced society is easier said than done.

The Failure of Fixed Rates

20 August, 2014 - 06:00

The only thing worse than floating fiat currencies is fixed exchange rates based on fiat money.

The Fed and the “Salvador Dali Effect”

19 August, 2014 - 06:00

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

18 August, 2014 - 06:00

The civil disobedience 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

16 August, 2014 - 06:00

Elizabeth Warren outlines 11 Commandments of Progressivism and each requires coercion and politics to succeed.

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

15 August, 2014 - 06:00

Economists often rely on the assumption of “other things equal.” The problem arises when politicians ignore the economy and unintended results.