Reuters : The U.S. agency that provides a safety net to company pension plans will announce a $10 billion deficit this week, a congressman said on Tuesday, warning that it raised the prospect of a taxpayer bailout. It would be a record deficit for the Pension Benefit Guaranty Corp. (PBGC), which a year ago reported its worst year ever and has seen
Here is Hal Varian struggling to answer a question Menger dealt with in 1892 (why is money accepted?) and Mises addressed in 1912 (whence comes its value?). Still Varian’s column is fun and interesting. (Thanks to David
The Iraq disaster is more obvious and undeniable than ever, yet everyone is trying to avoid taking responsibility for the fiasco. Politicians are trying to account for their votes for the war. Bureaucrats are offering excuses for staying silent. Warmongers are elucidating all the reasons why others foiled their plans. In the same way that 13
In Iraq, the US has followed a pattern of carrots and sticks for the better part of twelve months. Build a police station, shoot a political dissident, repair a school, shut down a newspaper, fund a hospital, arrest a cleric, shell out millions to buy off political support, mow down a few families at checkpoints in civilian areas. This can’t work,
Why Are Universities Dominated By the Left? by Edward Feser The hegemony of the Left over the universities is so overwhelming that not even Leftists deny it. Whether the institution is public or private, a community college or an Ivy League campus, you can with absolute confidence predict that the curriculum will be suffused with themes such as:
“I want a government that does not intervene in the economy.” Don’t we all? But these are not the words one expects to come out of the mouth of a self-proclaimed socialist – much less the standard-bearer of a socialist party who is about to take power at the head of a major West European nation. [ MORE
“Are we heading for conflict between the older and younger generations? It’s the scenario played out in this week’s drama documentary If...the Generations Fall Out. Far-fetched? Not so, says Laurence Kotlikoff, professor of economics at Boston University, who thinks that unless the baby boomers pay up, parents and children could soon be at war.”
Bush should hold more press conferences, to provide us with ever more windows into the mind of one of the most dangerous men ever to occupy the White House. Why must we watch? We don’t want to end up like pathetic George – blind to reality, muttering clichés, oblivious to the wreckage and evil for which he is responsible. We need to know the
In addition to big government, debt, and war, let us add one more item to the list of wicked legacies that the Bush administration has given to this country: inflation. The newest price data raise serious concerns that we are being robbed (that is what inflation is) by this government more than we know. [ Full Article
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.
