Ludwig von Mises Institute

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Mises Daily : Mises Institute on Austrian Economics and Libertarianism
Updated: 37 min 27 sec ago

Austrian Capital Theory and Dawn of the Planet of the Apes

15 hours 26 min ago

If the apes in Dawn of the Planet of the Apes are so smart, why are they hunter-gatherers? Aren’t they smart enough to think of agriculture? They’re probably smart enough, but Austrian capital theory explains why creating a more technologically-advanced society is easier said than done.

The Failure of Fixed Rates

15 hours 26 min ago

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.

Higher Ed Cronyism in Serbia: A Case Study

15 August, 2014 - 06:00

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

US Sanctions on Russia May Sink the Dollar

14 August, 2014 - 06:00

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

Government Spending and Negative Interest Rates

14 August, 2014 - 06:00

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.

Carl Menger’s Revolution

13 August, 2014 - 06:00

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

13 August, 2014 - 06:00

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

12 August, 2014 - 06:00

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

11 August, 2014 - 06:00

Many 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

9 August, 2014 - 06:00

Thanks to Henry Hazlitt, Paul Cantor and others, a body of work by free-market literary critics is now beginning to emerge.

The Dating Market: Anarchy in Action

8 August, 2014 - 06:00

Dating someone can come with a very high opportunity cost and can lead to great emotional distress and more. So why doesn’t the government regulate dating?

The State’s Worst Atrocity

7 August, 2014 - 06:00

War has been at the heart of much pro-government ideology, and remains so today.

Confusing Capitalism with Fractional Reserve Banking

6 August, 2014 - 06:00

Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today.

The Golden Rule vs. Catholic Case Against Free Markets

6 August, 2014 - 06:00

It is now fashionable in some intellectual Catholic circles to disparage free markets at every turn, but this requires the critics to ignore the core of free-market philosophy: the Golden Rule.

World War One and the End of the Bourgeois Century

5 August, 2014 - 06:00

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.

When State-Subsidized Industries Attack

4 August, 2014 - 06:00

The corn, sugar, and ethanol industries in the US are all part of a complex system of government subsidies and other favors.