Government is not very adept at accomplishing it aims, but it is very good at re-defining its objectives. Hence, after a hundred billion spent, tens of thousands of lives lost, no WMDs found, a country terrorized and demolished, political alliances destabilized, new terrorists recruited, and worldwide outrage at US arrogance, Saddam was finally
This paper by Philip Oreopoulos argues that dropping out of school isn’t such a bad idea after all. ”I estimate dropping out one year later increases present value income by more than 10 times forgone earnings and more than 2 times the maximum lifetime annual wage.”
The U.S. Treasury is recalling some 30 year bonds, five years prior to their maturity. This provides them with a $500+ million dollar saving, but what happens to bond holders? It seems that the “bellweather” bond—an indicator of good and bad policy—is disappearing quicker than first thought. Has the Treasury ever made such a recall in the
The Eagle Is Grounded - While America works to protect intellectual property, everyone else is innovating: In the late 1960s, the US cargo shipping industry was in trouble. The 2,000-vessel fleet that ruled the seas after World War II had dwindled to fewer than 900. New technologies - containers, automated loading - were taking hold on foreign
While Wal-Mart has turned to the ballot in a number of cities and towns to win the right to build its giant emporiums, the Inglewood initiative is significantly different. The proposal would essentially exempt Wal-Mart from all of Inglewood’s planning, zoning and environmental regulations, creating a city-within-a-city subject only to its own
Gregg Easterbook believes he has discovered a paradox (”Higher productivity... may lead to fewer jobs”) but he has only resurrected an old fallacy, exploded by Bastiat among many
Is this really a technical problem or have producer prices risen so much that they created a technical problem to manipulate the index? from the press release: As announced on February 17, the release of the Producer Price Index (PPI) for January 2004 has been delayed from the originally scheduled date of February 19, 2004. In addition, as
NEW YORK/WASHINGTON (Reuters) - As NASA sets course for the moon and Mars, the space agency’s finances are in disarray, with significant errors in its last financial statements and inadequate documentation for $565 billion posted to its accounts, its former auditor reported. Bush’s Mission to
Even HUD is getting into the act of expanding the housing bubble. The newest program from the Housing and Urban Development Department will provide grants to low-income families to pay their down payment . The current inability of many to do so, according to HUD Secretary Alphonso Jackson, is “the single-greatest obstacle to
Here is a group of prominent mainstream who got together to solve all the world’s problems in an efficient fashion. The first step was to assume you have $50 billion to spend. The second step was to spend it. Here is their wish list
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.
