Economic geologist Eric Cheney says : “The most common question I get is, ‘When are we going to run out of oil.’ The correct response is, ‘Never.’ It might be a heck of a lot more expensive than it is now, but there will always be some oil available at a price, perhaps $10 to $100 a gallon.” The article also notes that Cheney says “Changing
As hard as it has been to find films about entrepreurship , it has been easy to find films about war. The film page is well stocked with anti-war films since war seems to be of perennial interest whether in the triumphalist films that followed World War II or in the darker modern war films like Apocalypse Now , Platoon , and A Midnight Clear .
The Milton Friedman Choir sings about the only obligation of corporations, school choice, privatization and freedom a la Friedman (3 minute video). Very funny. let markets rule us states should not school us now we’re free to
The popular Slashdot site, “News for nerds, stuff that matters”, has posted a link to the Mises Daily article, The Monetary Economics of Thurston Howell III . You might find the massive discussion this has sparked at Slashdot interesting, 255 comments and counting! Some of them are pretty silly, but some are honest attempts to deal with the
I’m no fan of the World Trade Organization, but I am hardly shedding tears at its ruling against the U.S. program under which the federal government imposes anti-dumping duties on foreigners and gives the money to domestic competitors. The charge of “dumping,” that is, selling below cost, is always trumped up because the notion of cost can be
In the same vein of Don Boudreaux’s recent post at Cafe Hayek , I have always enjoyed this similar bit of correct historical observation from the Communist Manifesto : “The bourgeoisie, during its rule of scarce one hundred years, has created more massive and more colossal productive forces than have all preceding generations together. Subjection
As an interesting follow up to Bill Anderson and Candice Jackson’s Mises Daily Article “ Is Ken Lay A Criminal? “ we have Ken Lay himself saying essentially the same thing in the Washington Post . He admits that things went terribly wrong at Enron but he claims that he did nothing criminal, (if mistakes in business are criminalized then the free
The New York Times reports that Paul Samuelson has a paper coming out questioning the consensus of economists in favor of outsourcing. “[The] untruth, Mr. Samuelson asserts in an article for the Journal of Economic Perspectives, is the assumption that the laws of economics dictate that the American economy will benefit in the long run from all
50 years ago the delightful romantic comedy Sabrina (1954), starring Audrey Hepburn and directed by Billy Wilder, was released. The other two stars of the film play the scions of a wealthy business family that own and manage an international business conglomerate. Linus Larrabee (Humphrey Bogart) is the older, responsible brother who is
Today’s Washington Post has a long article the upshot of which is that the middle class is shrinking. But as Arnold Kling points out, so are the lower classes. The Post neglected to point that out. Oh, guess what’s
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.
