Mises Wire

The Peculiar and Unique Position of Economics

History of the Austrian School of EconomicsPraxeology

11/03/2017Mises Daily Articles
Great men cannot adjust social conditions to their plans if they do not convince public opinion.

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Will Americans Die Young Enough to Save Pension Plans?

Blog11/03/2017
The good news for pension funds is that Americans are retiring later and dying sooner.

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Yellen’s Poor Legacy — and Powell’s Challenges

Blog11/03/2017
Yellen had the chance to rein in the Fed's ultra-dovish and inflationary monetary policy — and she blew it.

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Mainstream Economists Don’t Even Get Their Dimensions Right

Capital and Interest Theory

Blog11/03/2017
Economists often discuss capital and interest, assuming that “interest equals the marginal product of capital” when in fact that is simply wrong.

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Jean-Baptiste Colbert and Louis XIV

BiographiesWorld HistoryInterventionismMonetary Theory

11/02/2017Mises Daily Articles
Colbert: "The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing."

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How Defense-Contractor CEOs Get Rich on the Taxpayers' Dime

Taxes and SpendingWar and Foreign Policy

Blog11/02/2017
When someone in DC wants more money for the troops, just remember that what they’re actually talking about are troops of overpaid defense contractors.

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Obama Administration's Bank Regulation Still Widening Gap Between Rich and Poor

Big GovernmentThe FedMoney and Banks

Blog11/02/2017
Few presidencies have ever done more to widen the gap between rich and poor than Barack Obama.

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Can Gradual Interest-Rate Tightening Prevent a Bust?

Money and BanksMoney and Banking

Blog11/02/2017
Tightening the money supply "too fast" is not what causes economic busts. Creating money "out of thin air" is the real problem.

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The Swamp Wins: Trump Nominates Powell to Replace Yellen

The FedU.S. Economy

Blog11/01/2017
In the end Donald Trump gets what he wanted, a “low interest rate person” who also happens to be a “Republican.”

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The Truth About the "Robber Barons"

Free MarketsEntrepreneurshipInterventionism

11/01/2017Mises Daily Articles
Most of the businessmen we now call Robber Barons got rich by using the power of the state, and not by serving their customers in a free market.

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