The Economis t reports that “Baghdad’s petrol stations are drier this month than they have been since just after the American-led invasion of Iraq in 2003. Some drivers wait for as much as 24 hours, sleeping in their vehicles.” The US-controlled puppet state continues to enforce price controls that require petrol be given away (1 cent per litre).
Anton Fekete , the leading advocate of the real-bills doctrine, responds to Robert Blumen’s close examination of their idiosyncracies. (Thanks Sean Corrigan)
At the Mises University this year, there will be another performance of “ Mises: The Musical “ that will feature some changes from the last performance, though they won’t be as substantial as the ones made by Daniel D’Amico in this innovative version of the Mises Circle song: “Mr. Stonier and Mr. Sweezy.” The original in German tells the story of
Chad Parish, who is responsible for the all the multimedia on the site, is putting up great files so fast that I can hardly keep up. The latest is a very interesting interview with F.A. Hayek by Gary North with Mark Skousen, parts 1 and 2 . It is mostly on the history of the Austrian
Some students in Moscow do seem rather confused on Mises’s contribution. Says the Moscow Times : college students were asked the name of the author of “The Theory and Practice of Oligarchic Collectivism,” a work invented by George Orwell in 1984, his satirical masterpiece about the Stalinist Soviet Union. In a multiple choice quiz, all but one
Before anyone gets hysterical about China buying up “our” industries, have a look at this nice piece from the Christian Science Monitor . (Not that anyone should be hysterical if the numbers were
Pentagon Weighs Strategy Change (NYT) The Pentagon’s most senior planners are challenging the longstanding strategy that requires the armed forces to be prepared to fight two major wars at a time. Instead, they are weighing whether to shape the military to mount one conventional campaign while devoting more resources to defending American
Looking around the web for information on the proposed trade treaty with Latin America (DR-CAFTA), I bumped in this Heritage Foundation “defense” of the treaty : DR–CAFTA countries have adopted the core labor standards of the International Labor Organization. DR–CAFTA requires effective enforcement of labor regulations. Failure to comply would
Spotted just now: what might be the first story claiming that the hurricane (actually the flooding caused by bad public infrastructure) will be good for the economy. It is from the New York Times/International Herald Tribuine (dated Sept 1): But economists point out that although Katrina has destroyed a lot of accumulated wealth, it ultimately
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.
