Last Wednesday (Dec 26, 2012), I posted the following comment on The Amazingly Popular Bush Tax Cuts by Randall Holcombe : No original expiration date, no current ‘crisis’ and no or little impact on policy and regime uncertainty attributed to this part of tax code which has hampered economic planning since the shift in Congress to Dems in 2006. “
The Greek government places price controls on many types of fuel, and to the extent that the controls correlate, more or less, to existing supply and demand conditions, they are harmless in an economic sense. But today’s news tells of a smothering smog enveloping Athens as Greeks increasingly choose lumber over heating oil to warm their houses.
The British Olympic organizers restricted ticket purchases, rewarded corporate purchases but not corporate use, imposed price controls on tickets available to the public and state violence against the resulting scalpers (touts) — and are distraught and surprised over the empty seats that characterize so many of the Olympic events so far. To
Dirty Hairy Dog Wash Daphne, Alabama “The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.” Ludwig
On Squawk Box : Host: The question of the morning: Do you want to break out the phrase again, irrational exuberance? Greenspan: [Chuckling] No, I don’t think it’s quite appropriate in this type of environment. In fact the basic way of looking at this degree of exuberance or non-exuberance is to take a look at what we call the equity premium, as
Doing some research the other day, I came across a 1926 article from Harper’s Monthly on the Florida real estate boom and how the journalist covering the story eventually succumbed to the boom mentality. (Sorry, there’s no link.) Here’s a short excerpt (from Gertrude Mathews Shelby, “Florida Frenzy,” Harper’s Monthly , January 1926, p. 177): I
Grammy-nominated composer Austin Wintory , who composed the music for the acclaimed video games flOw and Journey , among many other accomplishments, discusses his fight with the American Federation of Musicians and why he refuses to live in fear. (H/T Nikki
This article is also available as an Audio Mises Daily In Alabama last week, an estimated 900 union reps, politicians, local business owners, and their families rallied to raise awareness of supposed steel import dumping and how it threatens their way of life. They have a point. When a competitor enters a market selling a homogeneous product and
Recently, a reporter for the Ottawa Citizen wrote a completely fabricated and incoherent paper on soils, cancer treatment, and Mars. Its full title? “Acidity and aridity: Soil inorganic carbon storage exhibits complex relationship with low-pH soils and myeloablation followed by autologous PBSC infusion.” The paper, comprised solely of unrelated
Hardly, especially given his endorsement of the view that markets are inherently unstable and prone to failure, thus requiring extra-market supervision and control. But I couldn’t help but to think of Walter Block when listening to this part of Duncan Weldon’s recent segment about Minsky on BBC 4 (around the 6:00 mark): Weldon: [Minsky]
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
