Mises Search

Bill Anderson alerted me to the latest from Paul Craig Roberts. Now PCR keeps accusing us corporate shills of denying economic reality. How long will this persist? E.g. can we continue to eat the seed corn and sow our destruction for another five, ten, fifteen years? PCR has said elsewhere that the US will be a “Third World” economy by 2024. If

I came across this old thread in the Austrian Economics forum, and I thought some of the older folks who read this blog (but not the forum) might be interested in this description of what happens in a “Massively Multiple Online Role-Playing Game” (MMORPG) when the setup allows for injection of monetary units whenever someone’s agent kills a

I’ve been reading Nassim Taleb’s bestselling Fooled by Randomness. I think Austrians would really like this book. (Elsewhere Taleb has favorable things to say of Hayek.) Here’s his take on (mainstream) economics: What has gone with the development of economics as a science? Answer: There was a bunch of intelligent people who felt compelled to use

I’m glad “mainstream” media finally catches on to the fact that sanctions don’t work. They are worse than useless; they actually destroy a dictator’s political opposition. If you want to keep a dictator in power, blockade his

Sounds a little fishy, huh? Perhaps even illegal? What if I told you it was being done with money taken at gunpoint!! This is a very slippery slope indeed. If it’s okay to bribe people to vote, I don’t think it will be long before it’s deemed acceptable to punish people for not voting. (The article even talks about this.) I think the proposal is

The woman from whom we’re subletting clearly leans to the left when it comes to politics. The other day I started reading her copy of Al Franken’s LIES and the Lying Liars Who Tell Them: A Fair and Balanced Look at the Right. Believe it or not, Franken is a remarkably well-informed and clever writer. Not only did he surprise me with his analysis,

My wife came across this story. A 16-year-old with cancer wanted to discontinue his chemotherapy because it nauseated him. A concerned social worker got the State awarded partial custody and is now forcing the silly lad to do what’s good for him. I think I’m

I don’t know how much coverage this has been getting nationally, but thousands of people in Queens, NY have been without power for seven days now. (Think of how beastly hot it has been here during the past week.) Caterers have had to dump wedding cakes, AC isn’t working, and, to top it all off, Con Edison doesn’t even know what the problem is! I

The conventional wisdom (i.e. what my dad and his buddies would tell me) is that, so long as you have decent credit and plan to stay in the area for a few years, it is crazy not to buy a house (rather than rent) because you can deduct the interest on your mortgage. Especially in the first few years, when you are paying tens of thousands in

I was somewhat interested in this USA Today story about the “problem” of offshore tax shelters, until I came across a case study on a former classmate, Sam Congdon. He was older than me but I seem to recall that he was a good libertarian. Naturally the feds want to crush