Brainstorm to Breakthrough: A Surgical Procedure is Born (NYT): “Surgeons who want to try something new have a great deal of leeway, because new operations, unlike new drugs, are not regulated by the government. As a result, many surgical techniques have simply been brought into practice by doctors who invented them, started using them and then
The Minsk-based Mises Center is fighting against Russia’s mandatory car-insurance law, which is imposing a tax on driving. Yaroslav Romanchuk, president of the Center, is quoted in this Radio Free Europe story.
A new Congressional Budget Office study , linked by Argmax , argues that “Unless taxation reaches levels that are unprecedented in the United States, current spending policies will probably be financially unsustainable over the next 50 years. An ever-growing burden of federal debt held by the public would have a corrosive and potentially
Those who hoped that GOP control of the White House and Congress would slow or cut the growth of government need to read this New York Times editorial summary of the calamity for liberty that GOP control has produced.
WASHINGTON (Reuters) - The number of Americans filing an initial claim for jobless aid fell last week to its lowest level in eight months, the government said on Thursday in a report that offered a hopeful sign layoffs were easing. These preliminary statistics however might represent nothing more than a “dead cat bounce,” a term market watchers
Once again it was government regulation that was designed to help that ends up destroying a vital component of the market: “ The Rise and Fall of the Fraternal Life Insurer: Law and Finance in U.S. Life Insurance, 1870-1920 “ by GEORGE H. ZANJANI (Federal Reserve Bank of New York - Capital Markets Function) ABSTRACT: This paper studies the rise
It’s clear why the US put Hammurabi on its new Dinar for Iraq.This self-proclaimed “exalted prince” (ruled from 1795-1750 BC) who brings “the rule of righteousness in the land, to destroy the wicked and the evil-doers” and rules over “the black-headed people,” and “who conquered the four quarters of the world,” enforced 282 laws that micromanaged
Hayek biographer Lanny Ebenstein, writing on Hayek-L , draws our attention to a 1980 Hayek interview in which Hayek says: I’m afraid Mrs. Thatcher is following the advice of Milton Friedman. He is a dear friend of mine and we agree on almost everything except monetary policy. He thinks in terms of statistics, aggregates and the average price
Bush says his steel tariffs worked and can now be repealed (yes, we are supposed to believe the repeal has nothing to do with the WTO and the impending trade war). Worked in what sense? The US government assumed up to $11 billion pension obligations, so those liabilities are now borne by the taxpayer. And Forbes reports that US steel production
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.
