Economist Caught in US Jobs Storm (BBC): A top White House economic adviser has issued what amounts to a public apology after appearing to praise the movement of US jobs overseas. Gregory Mankiw, the president’s chief economic adviser, said outsourcing of jobs was “probably a plus for the economy in the long run”. The remark angered Democrats, who
A huge variety of personal and social problems trace to a single source: household water heaters set at too low a temperature. This new but persistent problem that is due entirely to the nagging of environmentalists, governments, and safety paranoids. Defy them all in one fell swoop. [ MORE
The HayekBlog reports on an LATimes story on immigration and informal employment. The official unemployment rate is said to be rising among the population earning the lowest wages, and many speculate that this is due to the proliferation of off-the-books work taken up by immigrants. Greg Ransom comments : “Off-shoring, the black market in labor,
Google News delivered this Chicago Sun Times piece mentioning Mises in the context of a new book on education reform published by Hoover (HJ Walberg, Education and Capitalism ). “Moreover, in the tradition of economist Ludwig von Mises and philosopher Ayn Rand, they ground their arguments in moral as well as practical terms.” The reference is
Via AubreyHerbert , a fascinating story from the Independent : “An Oxford engineering student was surprised but undaunted when he was approached to deliver a series of lectures in Beijing on global
Just off hand , the New York Times happens to mention that “the passage of the Social Security Act [in 1935] created retirement as we know it”--which is another way of saying that it is wholly artificial, a creature of the interventionist state. From the FM 1997, William Diehl explains that retirement didn’t catch on until the late 1950s.
An inadvertantly hilarious NYT article : “The American project to build a stable democracy in Iraq has encountered many obstacles. But perhaps the most elusive enemy is an old phantom called rumor.” The trouble is that the US civilian bureaucrats “hiding behind the 13-foot concrete blast walls surrounding [occupation] headquarters” don’t know what
German String Section Demands Court-Imposed Raise (Independent), while a music-union spokesman makes some sense: “Of course strings are in action more than the brass... But any violinist not happy with that should have taken up the trumpet at music
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.
