Well, this is interesting. The IRS here says that: “If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.” (See page 90 under “”Stolen Property.” I wonder what implications this has for the tax returns of, for example, Members of Congress.
This fascinating and inspiring story from the BCC shows how Vietnam has been transformed through trade and capitalist practice. “Vietnam now attracts more overseas investment than India does; it is second only to China in the Asian economic growth league, and 50% of the Vietnam population is aged 35 or under. The trite way of putting it is that
I find this book intriguing . First, I’m embarrassed to admit that I’ve never read it, or even heard of it until recently. Second, I don’t know who the author is, though she studied with Roepke and otherwise offers a massive bibliography, and is clearly an outstanding scholar. If anyone knows, please post. Third, I’m intrigued by her thesis,
A nice gift from the WSJ today , the 125th anniversary of Mises: Lula may well be innocent, as he claims, of any involvement in the plethora of scandals now swirling around his party. But it is also true that if corruption has blind-sided him, he has only his own politics to blame. It has been the life work of Brazilian socialists — of which the
WASHINGTON - Amid signs that the Taliban insurgency is regaining strength, President Bush on Friday defended his efforts to stabilize war-savaged Afghanistan and blasted critics who charge that his policies there are failing. More wildly implausible assertions here
Yes, I know that headline could cover just about every action of the political class since the advent of the nation-state, but somehow the crack down on internet gambling strikes me as particularly egregious. If this story is right, the government is pretty well demolishing a vast industry and for no good reason. Producers, consumers, and everyone
Set your coffee cup down before you read this pro-market article in the New York Times on the Essential Air Service program : After all, travelers adjusted very well after deregulation, and started driving the extra distance to busier regional airports nearby that offered increasingly cheap and plentiful jet service. That left the program with
Here is the announcement of the 2006 Nobel Prize in economics, which goes to Edmund Phelps. Here is more detail . It’s another case of an economist winning a prize for correcting the errors of other economists, while not still not meeting up to the high standards set by the likes of Say and Mises. John Cochran has this to say: “Much of his work
Germany is inching toward liberalizing rules concerning working hours, which has spawned protests of course. It’s a sad fact that permitting people to make their own decisions concerning how much or how little to work would be considered liberalization, but there it is. Here is an amusing quotation from Oscar Wilde’s Soul of Man Under Socialism :
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.
