Mises Search

The market is often described as a learning process, one that could never be replicated by a central planner. A case in point is a piece of capitalist history I didn’t know: the original cake mix required only the addition of water. But, says this , this didn’t sell well at all. Potential buyers felt a sense of guilt that it was so easy. So the

Following up on Justin’s post , can anyone volunteer to put this Hayek comic into this format ?

A very nice tribute here , to a man who will never get the credit he deserves.

Wal-Mart is akin to McDonald’s. It is apotheosis of everything wrong with America. Entering the maw of a Wal-Mart is creepy. Any normal person over the age of 40 viscerally feels, as the cornucopia of junk and tatterdemalion illegal immigrants who shop there deluge his eyes, that something is horribly wrong beneath the garish consumerism and

I had no idea there was an election taking place in Nicaragua until I saw that headline that the commie throwback Daniel Ortega won the presidency. The U.S. was at war against that country the last time he ruled. It was widely believed that he was nothing but an agent of Soviet expansion in the region, and he and his Sandinista Party had to be

From the FinTimes Today: Jean-Claude Trichet, president of the European Central Bank, writes: “Over the next two days, the European Central Bank will host a conference to discuss the role of money in monetary policymaking. At present, the dominant academic view seems to be that monetary aggregates should have no part in monetary policy decisions.

Recall that Donald Rumsfeld admitted three years ago in a leaked memo that the war on terror could not be won, and might actually be recruiting more people into the terrorist ranks. He further points out that the government lacks any real means to discern whether it is winning or losing ( Mises !). Here is my article from that

My friend Carl Horowitz writes a good piece urging Hollywood to join the film pirates rather than fight them. He is surely right about this. Film downloads cannot be stopped, but the premise of his article is that if they could be stopped, they should be stopped. He makes an analogy to baseball. He says that defending piracy as a right is like

More debt (not).

“Friedman’s mechanistic view of money was thin gruel compared to the seminal contribution of Austrian economist Ludwig von Mises” .