It seems a certain pizza chain in the American Southwest currently accepts Mexican pesos as well as dollars for their pies. This business practice resembles that not only of international airports all over the world (except possibly for airports in the US), but also the practices of at least some establishments, I should think, along the Canadian
The most-recent installment of the Washington Post’s “Harvesting Cash” series on the Farm Program appeared on the front page this Sunday, December 10, and it will curdle your milk. It contains very in-depth coverage of how the cartel of milk producers (created by government handouts) got the farm-aid law rewritten to put a maverick out of business
I think the state of economics - never mind the economy - in Argentina may be parlous indeed. This description of a “Debt Museum” opened in the economics department of the University of Buenos Aires gives me the impression of simplification reduced to metaphor - and inapposite metaphor at that. The policies of the IMF are rightly criticized, but
At this site , the SEC seeks public comment on the occasion of the first full year in which the Sarbanes-Oxley Act has been in effect. As the notice says, comments are solicited from companies subject to the Act, auditors, investors, and members of the public. The URL was given in this op ed in the Wall Street Journal (apologies to those lacking
Micro-credit may have become just “credit” in Zopa , a sort of lending exchange that is based on the Web. It packages groups of about fifty lenders to lend to groups of about fifty borrowers directly, without the auspices and agency of a real bank. Perhaps this is micro-syndication. Unfortunately for people outside the UK, you must be a UK
The government’s anti-drug propaganda fingers as the culprit . . . the government - specifically its giveaway programs camouflaged as disability payments. The enclosed propaganda from Time Magazine for this week indicates that crime and abuse of prescription Oxycontin are rampant in a Virginia county, over 25% of whose residents are on disability.
... Erhard, that is, somehow overlooked to provide Germany with a minimum-wage law. So, this Wired article reports, a Web site encouraging candidates to bid low to get jobs have to adhere to the site-specific “minimum wage” of 3 Euros per hour, which is lower than the statutory minimum in the United States. Among the reasons given in the article
What’s discouraging about the statism of this piece from wired.com is how reflexive and totally unexamined it is. The assumption that government intervention is required or even desirable is hardly stated, much less examined or questioned. It is, rather, proceeded from without further ado. That hoary term so reviled by market economists,
So, here’s a study from the Bank of England in which the setting of interest rates by a notional central bank for a modelled economy is found to be consistently better when done by committees than when done by lone members of these committees. It tempts one to propose an extended experiment with bigger committees. In fact, the committees could be
A Malawian farmer, discovering and applying principles worked out by the Romans millennia ago, has brought plenty to his small part of a drought-ridden part of Africa, as this article in the Christian Science Monitor describes. He points out what is now obvious to those who think about it: (a) that food aid relieves people of the incentive to grow
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.