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Mises Institute Daily Articles
Daily Articles from The Mises Institute on Austrian Economics and Libertarianism

Daily Articles
  • The Great Society: A Libertarian Critique
    The Great Society is the lineal descendant and the intensification of those other pretentiously named policies of 20th-century America: the Square Deal, the New Freedom, the New Era, the New Deal, the Fair Deal, and the New Frontier. All of these assorted Deals constituted a basic and fundamental shift in American life — a shift from a relatively laissez-faire economy and minimal state to a society in which the state is unquestionably king.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=bZI5O"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=bZI5O" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Cj9po"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Cj9po" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=z6QJO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=z6QJO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=rOI0o"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=rOI0o" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=n3FjO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=n3FjO" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/474689044" height="1" width="1"/

  • Private-Sector Health Care Leads the Way
    It is easy to criticize the US healthcare system, but we should be clear on one thing: it is not "free market" or "private" healthcare. A free market in healthcare would be more efficient and innovative, and offer better quality products and services, with lower prices than is currently the case. Wal-Mart is leading the way.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=tevVO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=tevVO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=JQuZo"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=JQuZo" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ioY1O"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ioY1O" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ip7No"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ip7No" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=INg6O"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=INg6O" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/473606522" height="1" width="1"/

  • The Force Is With Us
    div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=7SwEO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=7SwEO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Jkzho"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Jkzho" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=EFTxO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=EFTxO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=QZheo"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=QZheo" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=84q6O"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=84q6O" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/472533700" height="1" width="1"/

  • Does God Bind or Unleash the King?
    Carl Schmitt famously argued that the basic ideas of modern politics are secularized theological concepts, and Elshtain to a large extent agrees. In particular, she thinks, a change during the later Middle Ages in the notion of God's omnipotence had immense significance for the state. For Augustine and Thomas Aquinas, God acted in the world in strict accord with law. Human beings, by reason, could discern this lawdiv a href="http://feeds.mises.org/~f/MisesDailyArticles?a=0QjRO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=0QjRO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=xOZSo"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=xOZSo" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=NWMIO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=NWMIO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=KW0Do"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=KW0Do" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=vBAIO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=vBAIO" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/472442523" height="1" width="1"/

  • Nonsense about Deflation
    We are now hearing ominous warnings about imminent deflation. Checking the welcome page at AOL this morning, I see that the lead item in the financial news section heralds "The Looming Threat of Deflation." This headline encapsulates two highly problematic ideas. The first is that deflation would necessarily be a bad thing. The second is that deflation is likely to occur in the near term.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=K0niO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=K0niO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=TAIwo"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=TAIwo" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=0NLfO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=0NLfO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=DjTvo"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=DjTvo" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=bIYrO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=bIYrO" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/472462748" height="1" width="1"/

  • Why Are Wages Low in Developing Countries?
    People argue that the developing world needs regulatory standards so as to ensure that workers are not exploited and their environments pillaged. But this eliminates poor workers' competitive advantage, reduces the possible gains from trade, and relegates them to an underground labor market of prostitution or picking through garbage dumps.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ImIiO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ImIiO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=4yBjo"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=4yBjo" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=g93IO"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=g93IO" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=sE8po"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=sE8po" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=cM26O"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=cM26O" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/471335696" height="1" width="1"/

  • The Economics of Destutt de Tracy
    The neglected work of Destutt de Tracy place him in a direct line with the Austrian school of the late 19th century. Though less popular than his countryman and contemporary Jean-Baptiste Say, Tracy won followers among liberals worldwide. Thomas Jefferson and John Adams were among his enthusiastic readers in the United States. Most notable are Tracy's thoughts on method, money and banking, and government policy.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=B58YN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=B58YN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=MkR9n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=MkR9n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Ab33N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Ab33N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=K0ban"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=K0ban" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=qHZhN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=qHZhN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/468322270" height="1" width="1"/

  • Tulipmania and the Econo-Cultural Breakdown
    Speculative bubbles are financial events that do great damage not only to pocketbooks and balance sheets but to people's perspectives and values. That's why historians and economists will continue to study the curious trading of tulip bulbs in Holland from 1635–1637. By chronicling the extensive and intertwined network of the real buyers and sellers in the tulip trade, Goldgar puts a human face on tulipmania like no other author has done.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=IGnuN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=IGnuN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=tv7Xn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=tv7Xn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=3DmAN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=3DmAN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=WXhLn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=WXhLn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=uQerN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=uQerN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/467316463" height="1" width="1"/

  • The Attempt at Vindicating Lincoln
    When I reached page 222 of Vindicating Lincoln, I almost threw the book across the room. In trying to understand his gross errors, we arrive at a key fact. The author was a student of Harry Jaffa, and his book defends to the last detail Jaffa's analysis of Lincoln. In the end, however, Krannawitter has vindicated neither Lincoln nor Jaffa.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=WY1SN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=WY1SN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=CA8Bn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=CA8Bn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ZQRsN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ZQRsN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=BeTmn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=BeTmn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=zygqN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=zygqN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/466220936" height="1" width="1"/

  • This Book is So Me
    Writing this introduction is a labor of love for me. You know how women sometimes say to each other "This dress is you!"? Well, this book is me! This was the first book on economics that just jumped out and grabbed me. I had read a few before, but they were boring. Very boring. Did I mention boring? In sharp contrast, Economics in One Lesson grabbed me by the neck and never ever let me go.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=3aqPN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=3aqPN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=wl6pn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=wl6pn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=KUACN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=KUACN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=dAqEn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=dAqEn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=F3AjN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=F3AjN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/465052751" height="1" width="1"/

  • quot;Neanderthalquot; Economics
    It seems the Austrian economist possesses more truth in his pinky finger than Paul Krugman in his entire Nobel Prize–winning body. What other explanation can there be for Krugman's consistent policy "solutions" to the current economic crisis, which would actually exacerbate the problem and lead to a deepening and prolonging of a recession?div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=2S6WN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=2S6WN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=QoT8n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=QoT8n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=6ddGN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=6ddGN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=B0g7n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=B0g7n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=piuMN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=piuMN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/465052750" height="1" width="1"/

  • An Open Letter to Gary Becker re: Depressions
    Dear Professor Becker: I was pleasantly surprised to see you seriously entertain the notion that "depressions"—for younger readers, the term economists used to use for what we now call "recessions"—might serve a socially useful function. This is a crucial issue, as the government has already committed more than one trillion dollars, and assumed incredible powers, in an attempt to deny this.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=px6gN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=px6gN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=MyBnn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=MyBnn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=clmWN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=clmWN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=72mmn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=72mmn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=5P4mN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=5P4mN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/463926528" height="1" width="1"/

  • Posner and Leviathan
    Justice Posner has himself failed to consider the extent to which government intervention caused the recent crisis, among others. Hayek and Mises were ahead of the curve back in the 1920s when they identified governmental intention, particularly credit expansion, as the cause of the business cycle. Most of the economics profession came to blame government for the Great Depression only gradually.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=47cCN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=47cCN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Vm0gn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Vm0gn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=MOu7N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=MOu7N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=GM3kn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=GM3kn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=naK1N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=naK1N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/463926527" height="1" width="1"/

  • Business Cycles, Not Our Fault
    div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Wl31N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Wl31N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=K935n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=K935n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=P0rEN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=P0rEN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=8jqFn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=8jqFn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=K6T9N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=K6T9N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/460810049" height="1" width="1"/

  • A Free-Market Monetary System
    If we ever again are going to have a decent money, it will not come from government: it will be issued by private enterprise, because providing the public with good money which it can trust and use can not only be an extremely profitable business; it imposes on the issuer a discipline to which the government has never been and cannot be subject.... The monopoly of government of issuing money has not only deprived us of good money but has also deprived us of the only process by which we can find out what would be good money.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=WwPKN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=WwPKN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=c62In"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=c62In" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=2UeeN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=2UeeN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=B9Whn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=B9Whn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ISASN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ISASN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/460810048" height="1" width="1"/

  • Jobarama: Obama's quot;Investmentquot;
    With all of the talk of how charismatic Barack Obama is, or of his oratory ability—and especially given his recent presidential victory—it is time to engage in a deeper economic critique of Obama's actual policies. Once we see the true effects of his policies and the incentives they create, we will see that his leadership skills and abilities make him more of a threat to freedom than if he were less articulate.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=DVE0N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=DVE0N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=MDdcn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=MDdcn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=xSnLN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=xSnLN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=kZeGn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=kZeGn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=nii0N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=nii0N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/459581694" height="1" width="1"/

  • Why I Choose Low-Quality Healthcare
    Allow government to decide levels of medical risk — to socialize personal risk — and healthcare follows the same path of any socialized sector of the economy. This is apodictically true. We are acting individuals with our own preferences. We are not automatons seeking to conform to an imposed definition of quality. Though the government may appear to be the safe solution, it is the siren enticing us onto the rocks.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=LHp7N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=LHp7N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=7hAun"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=7hAun" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=u1AWN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=u1AWN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=INS1n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=INS1n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Jze7N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Jze7N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/459581693" height="1" width="1"/

  • Did the Fed, or Asian Saving, Cause the Housing Bubble?
    Just about the only good thing to come out of the housing bubble is that many financial analysts see the virtue of the Austrian theory of the business cycle. Greenspan did his best to blame deregulation and foreigners who saved too much, but many people now think that the Maestro's ultra-low interest rates in the wake of the dot-com crash may very well have sowed the seeds for our current crisis.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=bKIuN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=bKIuN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=UqeGn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=UqeGn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=uIyWN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=uIyWN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=bXBRn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=bXBRn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ymRoN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ymRoN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/458396455" height="1" width="1"/

  • The TARP Is Dead, Long Live the TARP
    Congress gave Paulson $700 billion, and the first thing he did was give $125 billion to his pals at the nine biggest banks and investment banks in the country. Never one to display ingratitude, he gave $10 billion to Goldman Sachs, the firm he had headed before passing through the revolving door to the Treasury. So generous was he that he handed out $290 billion of the $350 billion that Congress authorized him to spend immediately.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ZODEN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ZODEN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=DtOtn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=DtOtn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=OAn4N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=OAn4N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=ddRpn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=ddRpn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=t5XON"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=t5XON" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/458396456" height="1" width="1"/

  • Not All News Is Bad
    pAlready, you can see that the political constellation is lining up in a way that is more friendly to the cause of liberty. The Democrats are up to their old tricks, which are transparently dumb and dated. The Republicans are responding with smart and sound criticisms. The government looks poised for a fantastic gridlock that will let the liquidation take place so that we can move toward a good recovery./p pThere is plenty to regret about Obama's victory, but the first impressions of the political dynamic that is playing out looks like it could mean good things for the future./pdiv a href="http://feeds.mises.org/~f/MisesDailyArticles?a=y9EbN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=y9EbN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=g2xYn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=g2xYn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=1ITcN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=1ITcN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=M7ien"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=M7ien" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Z021N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Z021N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/458736792" height="1" width="1"/

  • Slash and Burn
    There is more talk about another stimulus package to help save the economy. A package that includes extended unemployment benefits, food stamps, and another tax rebate check will pass in a forthcoming lame duck session of Congress. All of these remedies actually make the patient sicker, but there is a way for Washington to really stimulate the economy.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=JX5zN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=JX5zN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=BBCon"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=BBCon" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=cyxGN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=cyxGN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=tzx4n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=tzx4n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=eJIWN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=eJIWN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/457194651" height="1" width="1"/

  • Should We Worry About Deflation?
    Yes, the current economics brain trust is worried that consumers will collectively show the good sense to delay purchases, pay down debt, and increase their savings. After all, this liquidation of malinvestments will likely take a while. The prudent thing to do in times of uncertainty is not to ramp up debt and spend money you don't have. But now, all of a sudden, "saving" is a dirty word.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=hyy6N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=hyy6N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=x20Gn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=x20Gn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=GDV5N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=GDV5N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=h1VKn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=h1VKn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=0fr5N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=0fr5N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/457194652" height="1" width="1"/

  • The Magnificence of Disposable Diapers
    For the environmentally conscious, disposable diapers are not the enemy. If anything, they are better for the environment than the reusable diapers that have been trumpeted as the diapers of choice for the progressive and the enlightened. And once again, analysis trumps intentions. So go green: put down the cloth diapers and buy that extra-large package of disposables.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=rUwQN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=rUwQN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Yjajn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Yjajn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=huT4N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=huT4N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=efCjn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=efCjn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=oaopN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=oaopN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/455980120" height="1" width="1"/

  • The Myth of Good Government
    One of the great and most persistent errors of classical liberals is to believe in "good government," a government that does "what it is supposed to do." There is nothing the state can do, and which society needs done, that cannot be done far more better by the market. Another point that is just as telling: no state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will tolerate.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Mxp1N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Mxp1N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=qS21n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=qS21n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=hJY5N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=hJY5N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=i9J9n"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=i9J9n" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=y3s3N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=y3s3N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/455980121" height="1" width="1"/

  • Checkernomics: The Game is Solved
    A team of computer scientists at the University of Alberta announced that they had solved the game of checkers (8 x 8 draughts). Human checkers players no longer have any hope of defeating this program. So too in the world of economics, Austrians have explained that economic law is immutable and therefore unbeatable. Politicians need to relent.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=40YiN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=40YiN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=piJnn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=piJnn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=6NyPN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=6NyPN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=T20dn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=T20dn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=P4cHN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=P4cHN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/452955166" height="1" width="1"/

  • I.O.U.S.A. Misses Point
    div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=2aSrN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=2aSrN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=XEIFn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=XEIFn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=FMC9N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=FMC9N" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=g2Nhn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=g2Nhn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=C30CN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=C30CN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/453095604" height="1" width="1"/

  • Rethinking Churchill
    Churchill was from first to last a Man of the State, of the welfare state and of the warfare state, and while Churchill never had a principle he did not in the end betray, this does not mean that there was no slant to his actions, no systematic bias. There was, and that bias was towards lowering the barriers to state power.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=9xPRN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=9xPRN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=pzFdn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=pzFdn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=i8mwN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=i8mwN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=DJgwn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=DJgwn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=YYdEN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=YYdEN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/452985648" height="1" width="1"/

  • History Is Clear
    div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=Es6VN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=Es6VN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=JtZDn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=JtZDn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=1HqAN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=1HqAN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=u6von"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=u6von" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=N1L9N"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=N1L9N" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/451863538" height="1" width="1"/

  • Economics and Its Opposite
    One of the fatalities of publishing at a rocket pace is that some amazing treasures get overlooked. So this column, perhaps the first of a series, covers some titles in the Mises Store that have not received much attention in the praiseworthy swirl of mania over Rothbard's Mystery of Banking and America's Great Depression, and Mises's Causes of the Economic Crisis, titles which speak directly to the moment. I'll start with an unlikely title here, a book by an author you have never heard of.div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=eJxWN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=eJxWN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=PfvHn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=PfvHn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=f6GUN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=f6GUN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=do6Wn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=do6Wn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=VF5DN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=VF5DN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/452028408" height="1" width="1"/

  • The Eurotariff for Roaming Services
    Cell phone companies in Europe have long been free to set retail prices for their services. What's more, two or more companies are permitted to provide services. For these reasons, the market is competitive, relative to regular telephones. So, it was shocking to see the European Commission regulate the price of roaming services last year. Are the EC's claims of success valid?div a href="http://feeds.mises.org/~f/MisesDailyArticles?a=KEFsN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=KEFsN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=1hgAn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=1hgAn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=bV8NN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=bV8NN" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=8CHsn"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=8CHsn" border="0"/img/a a href="http://feeds.mises.org/~f/MisesDailyArticles?a=jqsFN"img src="http://feeds.mises.org/~f/MisesDailyArticles?i=jqsFN" border="0"/img/a /divimg src="http://feeds.mises.org/~r/MisesDailyArticles/~4/451816542" height="1" width="1"/

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