Does gasoline at 10 cents a gallon and falling sound impossible in today’s world? Well, if you think it’s impossible, you’re wrong. Because that’s where gasoline actually is, and it looks like it’s going even lower. Of course, it’s not 10 cents a gallon in today’s paper money. But it is 10 cents a gallon in the Constitutional money of the United
The environmental movement maintains that science and technology cannot be relied upon to build a safe atomic power plant, to produce a pesticide that is safe, or even to bake a loaf of bread that is safe, if that loaf of bread contains chemical preservatives. When it comes to global warming, however, it turns out that there is one area in which
A front-page story in today’s [March 14, 2006] New York Times, datelined Biloxi, Miss., reports, The devastation of the coast here remains shocking to the uninitiated eye; towns where people have clearly worked night and day just to remove debris look as though they were hit by a hurricane six days ago, rather than six months. However, just two
In an article titled “A Senate Panel Interrogates Wary Oil Executives” today’s New York Times reports that “The nation’s top oil executives were called before Congress again yesterday to defend their industry’s recent mergers and record profits, in the face of public outrage over high oil and gasoline prices.” Judging from The Times’ article, the
Today’s [March 16, 2006] New York Times reports as news a story which, if true, would be an event in defiance of economic law and thus a literal miracle, comparable to the raising of the dead or a virgin birth. This alleged miracle is contained in the headline “In Korea, Bureaucrats Lead the Technology Charge.” The opening paragraph of the article
In today’s New York Times , Robert H. Frank, who is described as “the co-author, with Ben S. Bernanke, of `Principles of Economics,’” writes that Galbraith should have won the Nobel Prize—for the ideas expressed in The Affluent Society. In case anyone needs a refresher about Galbraith, and the fascistic nature of his ideas, be sure to see my
Here’s a question for you. What’s funnier: we buffoons who make up the cast of investors, brokers, kibitzers, commentators who produce the daily theatrical Sitcom called the US stock market, or Saturday Nite Live? I vote for us, if comedy is valued over drama. Like this past Tuesday. Ms. Janet Yellen, San Franciso Fed Chairman, implied with a wink
The reaction to my article on the United Automobile Workers and GM , confirms how many people—namely, “liberals,” “moderates,” socialists, communists, syndicalists, “mutualists” and others—believe that businessmen and capitalists are the enemy, and labor unions and labor legislation, the friend, of wage earners. This is an enormous error, with
Today’s New York Times carries a piece by Krugman called “Death by Insurance.” It’s a rant in favor of the “single-payer system,” i.e., explicit socialized medicine along the lines of Canada and other countries. The article concludes with the words: So here we are. Our current health care system is unraveling. Older Americans are already covered
An article in today’s (Feb. 20, 2006) New York Times makes clear that Canada’s much ballyhooed system of socialized medicine, in addition to being plagued by interminable waits for treatment, has prohibited competition from private medicine. But now, as the result of a ruling last June by Canada’s Supreme Court, limited forms of private medical
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.