Mises Search

What Tax Cut (CNN)

Thomas Sowell: Why it is important for economists to combat public ignorance : [Sowell reviewed by Callahan , Gordon 1 , Gordon 2 , Gordon 3 .] When you know that central planners in the Soviet Union had to set 24 million prices--and keep adjusting them, relative to one another, as conditions changed--you realize that central planning did not just

From Arts and Letters Daily comes this link to R. Epstein in Reason , who justifies the state on the following grounds: “successful cooperation in key situations can be thwarted by individual holdouts. It will not be possible to build a railroad from point A to point B solely by getting the cooperation of 99 out of 100 private landowners along the

Remarks by Governor Ben S. Bernanke at the H. Parker Willis Lecture in Economic Policy, Washington and Lee University, Lexington, Virginia March 2, 2004: Money, Gold, and the Great Depression : “allowing persistent declines in the money supply and in the price level, the Federal Reserve of the late 1920s and 1930s greatly destabilized the U.S.

The Economist : FOR much of Friedrich von Hayek’s career, mainstream economists tended to dismiss him as a free-market extremist who had lost the argument against Keynesianism in the 1930s and 1940s. Even anti-Keynesians patronised him as a venerable polymath with correctly anti-interventionist views who nevertheless belonged down the hall in the

From Drudge is linked  this story  on Killington, Vermont’s desire to secede to join New Hampshire, which is only 25 miles west. The town’s business owners think that the state of Vermont is nailing them and imposing arbitrary and capricious taxation. The question may end up on the ballot in March. The  Tax Foundation  does list Vermont in the

Nonetheless , the article by  Postrel on Hayek  in the Boston Globe does include some interesting information. For example: “Citing the ‘proof of time,’ Encyclopedia Britannica recently commissioned Caldwell to replace its formulaic 250-word Hayek profile with a nuanced discussion more than 10 times as long. Harvard has added him to the syllabus

Indian tech pros send shivers down America’s Spine . ( The Economic Times)  

The line from both left and right is that Paul O’Neill’s falling out with the Bush administration was over tax cuts. The truth is far more complicated, as  Ilana Mercer documented after he was dismissed. It might be that he simply told the truth too often. He famously raised the prospect that aid to Brazil could end up in a Swiss bank account. Of

Via Truck and Barter , the American Society of Magazine Editors reports a bear market for magazines, with many having gone belly up since 2001—the first major down trend since 1988. In the category of “ economics ,” the number in print magazines declined from 93 to 43 between 1999 and 2003. In “politics,” what was 218 is now