So a California Law requiring condom use would mean safer working environments for porn stars, right? Probably not. Four things will happen: some companies will go out of business, a lot of production will cross borders into Arizona and Nevada, some production will cross oceans to South America and Europe, and still more will move underground. The
Karen DeCoster blogs about this article at LRC . Post-contractual opportunism may rear its ugly head, but it would be nice to see candidates campaign with their money instead of their mouths. Living in a key “battleground” state like Missouri, I might be able to reap quite
People have different opinions about liquor (just like they have different opinions about porn ). The economics of well-intentioned prohibitionism, though, are inviolable: in an effort to make the state’s highways safer by placing liquor control agents in state liquor stores on Opening weekend, the state of Alabama has merely given 19 year old
At the GOP convention last night, California Gov. Arnold Schwarzenegger engaged in the silly, but destructive nationalism that is standard at such events: The U.S. economy remains the envy of the world. We have the highest economic growth of any of the world’s major industrialized nations. Don’t you remember the pessimism of 20 years ago when the
It’s the same tired trade saga from the New York Times , with one executive asking where we’re “winning” in the textile trade. The question is answered in the article: in the form of lower prices and higher quality across the board. And yet anti-trade zealots steadfastly refuse to acknowledge several facts about trade. First, lower prices and
So that’s what’s going on. My wife and I were wondering what was happening with the news trucks, the radio broadcasts, and the lemonade stand a couple of blocks from our apartment. Apparently, a couple of young lemonade stand entrepreneurs found themselves in hot water with the vaunted City of Saint Louis for not having the necessary licenses,
Just like clockwork: first the natural disaster (Andrew, Hugo, or in this case, Charley) or major event (Super Bowl, Sugar Bowl, World Series), then the usual nonsense about the evils of price gouging . Fortunately, yesterday’s Daily Article provides a potent antidote (Don Boudreaux has an excellent post at Cafe Hayek ). The furor over “price
An interesting exchange takes place in the comment thread on Prof. Anderson’s article about food deserts. One participant contends that Anderson’s article shows that the market is “bad” at providing a reasonable and balanced lifestyle. This raises an important question that every pundit, scholar, and observer should ask: “bad” by what standard?
From the latest issue of the NY Fed’s research report : globalization increases the variety of goods and services available to consumers, and the value of this variety-to the extent that we can proxy for it-is no insignificant amount: $280 billion. See also Virginia Postrel’s discussion in yesterday’s New York
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.