Daily Economy
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AIER and Freedom Need Your Support
AIER can set a new and higher standard for quality, reach, and sheer intellectual firepower. We have the skill. We have the team. We have the passion. And we have a moral obligation.
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The Stock Exchange Demystified
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
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The Reason We Love The Nutcracker
What theatergoers don’t entirely realize is that they are watching something even more wonderful than what they see. In this one ballet, we gain a picture of a prosperous world that emerged in the late nineteenth century, was shortly shattered by war and revolution, and then was nearly killed off by the political and ideological…
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Indiana Residents’ Proposed Cigarette Tax Hike Will Only Boost the Black Market
But despite the campaigners’ enthusiasm for the idea, smokers are known for not smoking fewer cigarettes when prices rise. Instead, they either ignore the hikes or find different ways to get their hands on nicotine products — and that includes resorting to the black market.
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Officials Pour Bleach on Food for the Homeless “for Their Safety”
Claiming to be looking after the homeless’ safety, health officials said the food, which is prepared by volunteers at their own homes, is not good enough for people living on the street. After all, home-cooked meals could expose the needy to food-borne illness.
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In Praise of Expertise
The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that the false communities that politics assembles for us.
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I’m Thankful for Division of Labor
The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.
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The Trade War and Falling Financials
Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because governments are in control, and this causes more negative effects.
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E.C. Harwood: A Biographical Sketch of the Founder of American Institute for Economic Research, by Katy Delay (full text)
Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
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Ludwig von Mises on Liberalism, Nationalism, and Self-Determination
There is a solution to the rise of nationalism. That solution is self-determination. It would have worked after the First World War, had it been tried, and it will work today.
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•
AIER and Freedom Need Your Support
AIER can set a new and higher standard for quality, reach, and sheer intellectual firepower. We have the skill. We have the team. We have the passion. And we have a moral obligation.
-
•
The Stock Exchange Demystified
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
-
•
The Reason We Love The Nutcracker
What theatergoers don’t entirely realize is that they are watching something even more wonderful than what they see. In this one ballet, we gain a picture of a prosperous world that emerged in the late nineteenth century, was shortly shattered by war and revolution, and then was nearly killed off by the political and ideological…
-
•
Indiana Residents’ Proposed Cigarette Tax Hike Will Only Boost the Black Market
But despite the campaigners’ enthusiasm for the idea, smokers are known for not smoking fewer cigarettes when prices rise. Instead, they either ignore the hikes or find different ways to get their hands on nicotine products — and that includes resorting to the black market.
-
•
Officials Pour Bleach on Food for the Homeless “for Their Safety”
Claiming to be looking after the homeless’ safety, health officials said the food, which is prepared by volunteers at their own homes, is not good enough for people living on the street. After all, home-cooked meals could expose the needy to food-borne illness.
-
•
In Praise of Expertise
The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that the false communities that politics assembles for us.
-
•
I’m Thankful for Division of Labor
The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.
-
•
The Trade War and Falling Financials
Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because governments are in control, and this causes more negative effects.
-
•
E.C. Harwood: A Biographical Sketch of the Founder of American Institute for Economic Research, by Katy Delay (full text)
Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
-
•
Ludwig von Mises on Liberalism, Nationalism, and Self-Determination
There is a solution to the rise of nationalism. That solution is self-determination. It would have worked after the First World War, had it been tried, and it will work today.