Austrian Economics
Contributor's Links: Mises Institute

The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human ... more

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The Balance-Of-Payments Myth
In March, the US trade account balance stood at a deficit of $ 50 billion against a deficit of $49.28 billion in February and a deficit of $47.4 billion in March last year.
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3 Modern Arguments For Tariffs, Debunked
Many proponents of tariffs recognize the absurdity of tariffs as a general rule. However, they feel that there are certain cases in which tariffs are justified and necessary. In this article, I will analyze three such arguments.
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Central Banks’ Crusade Against Risk
Central banks have put a “safety net” under the economies and the financial markets in particular. As it seems, this measure has been working quite effectively over the last ten years or so.
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Can A Commodity-Money Economy Co-Exist With A Fiat-Money Economy?
Although a commodity money economy would be largely insulated from monetary disturbances generated in fiat money economies, Cantillon effects would occur from the residual asset price inflation in the commodity money country.
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How Human Action And Human Values Determine Prices
Why do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply and demand. What is behind this law?
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The Menace Of Sub-Zero Interest-Rate Policy
Sub-zero interest rate policy as Europe and Japan have practiced for many years menaces global economic prosperity. Yet Congress and the White House are strangely silent on the issue.
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Does China Have Enough Gold To Move Toward Hard Currency?
Were the Chinese to take a turn toward hard-money policies, it is hard to see how the US could match a sound-money plan from China.

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