Submitted from Dave Gallagher : I was sitting at Starbucks this morning sipping a Venti Latte which I obtained via a mutually beneficial voluntary exchange. My companion, a good natured but eternally self contradicting “progressive” had been yacking about “Big Oil” price gouging. I flipped open the local paper to the business section where the
From the Guardian : “A last-ditch Conservative bid to scupper the government’s plans for extended pub opening hours failed in the Commons tonight. The move was rejected by 302 votes to 228, majority 74. The Tories had hoped to prevent next week’s relaxation of Britain’s drinking laws, with a vote on whether to allow the Licensing Act - passed two
Interesting that the most successful email virus in years plays off people’s fears of the government. This Sober variant announces that it is from the FBI.gov or the CIA.gov. (public affairs), and claims that the government has logged your IP surfing illegal websites. It then demands that you fill out the attached form, which is really the virus.
In this short article , Israel Kirzner makes a distinction between information and knowledge, or between “information-knowledge” and “action-knowledge,” or between pure data of which no practical use is made and entrepreneurship. He applies the distinction to several real-life instances and concludes with an interesting comment on advertising:
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.
