Writes Chin Fang : Early last week, I had an opportunity to see Burt Blumert. During our conversation about your book Speaking of Liberty , I mentioned to him in passing our recent spam reduction experience and how our case really echos what you elaborated in your mises.org article “ Why The State Is Different “. Burt immediately encouraged me to
Trying to deflect criticism that the 2005 budget will be more than a half trillion dollars in deficit, the White House is accusing Congress of lying about the full costs of the prescription drug coverage Bush signed into law last December, according to the New York Times (free registration required). In response, “Democrats said Congress should
Here’s a timely reminder of the folly of those mainstream economists — to a man, maths aficionados who perform all manner of abstruse, but largely meaningless, numerical manipulations with government data that they might try (and usually ignominiously fail) to predict where the price of beans will be tomorrow. As the London Financial Times reports
As the Free Trade controversy continues to reverberate, it is ironic, too, that UK First Citizen Antoine RobespiBlaire’s new megalomaniacal bonne idee is to ‘remove Africa from poverty’ by making sure aid programmes are (a) larger and (b) more scientifically managed in that wonderful way which has done so much at home to turn Britain into a place
“There’s been too much gaming of the system until it is broke. Capitalism is not working! There has been a corrupting of the system of capitalism.” - Federal Reserve Chairman Alan Greenspan, speaking of mounting corporate scandals during a February 2002 meeting of the president’s working group on corporate governance. Quoted from “The Price of
This piece from the Economic Times of India , though an April Fools’ Spoof, is a classic!: She isn’t visiting a psychoanalyst yet, but Preethi Ravishankar doesn’t sleep well nights. The 27-year-old graduate of IIT, Chennai works for a three-year-old Bangalore infotech company which has been adding jobs at the expense of those of American
Looking at the BLS numbers, 50 years ago, there were two manufacturing production workers for every government drone in the Land of the Free..... since when the trend has been to an inexorable deterioration. That said, Dubya has truly excelled himself during his spell in the Imperial Purple. If we had only stuck to the 1954-1999 trend--bad as it
It may be only another form of paper, but the free market is clearly at work here: “RMB increases its influence in neighboring areas” (Xinhua): “The Renminbi (RMB) circulation in neighboring countries and regions is preparing the ground for its future goal of becoming a currency that can be exchanged freely on the international market, an official
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