Editor’s Note: Business scandals often lead to calls for greater regulation. Yet, as economist Mark Thornton shows, in so many recent scandals, regulators have been among the chief culprits. The Democratic Party had its message on the economy well-prepared for the recent election. From President Obama to his campaign directors to campaign
Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking about the mainstream concept of the price level as measured by the Consumer Price Index (i.e., CPI). Let us ignore the problems with the concept of the
Public opinion now favors the outright legalization of marijuana with nearly three-out-of-four adults in favor of legalizing medical marijuana . These numbers should continue to grow, because the polls exhibit a type of “generation effect,” in that people are not changing their minds as they grow older. Some prominent and diverse figures, such as
President Barack Obama is famous for many things, including two best-selling autobiographical books. In those books, he openly admitted to using illegal drugs as a young man, specifically marijuana. So, one would think that he would be amenable to reforming drug laws and sentencing guidelines, or even legalizing marijuana. Instead he has been
Slate reports in an article titled “Not That High: Today’s marijuana is too strong, and that’s bad for new business,” that the potency of marijuana is now “too high.” Writer Emma Marris’s brother is a professional chemist who tests the composition and potency for growers and medical marijuana dispensaries. Based on the information she obtained
[Mark Thornton is available for interviews. Send him email. ] The new adaptation of F. Scott Fitzgerald’s The Great Gatsby is a good movie, but it is no indictment against capitalism, as some may contend. It is rather an implicit condemnation of government prohibition. When I read the book in high school I did not like it. I found it hard to read,
[Mark Thornton is available for interviews. Send him email. ] Dr. Sanjay Gupta has recently reversed his opposition to marijuana legalization and apologized for supporting marijuana prohibition. The brain surgeon and CNN medical correspondent obviously takes his own viewpoints very seriously and his mea culpa should be a big boost to the medical
I recently experienced severe pain in my feet, particularly in the big toes. In my imagination it felt like my feet had been run over by a truck and that several of my toes had been broken. But I knew that was not the case, and that the pain came on slowly at first, and then spread to other parts of my feet until I could barely walk. My first
Mark Thornton is available for interviews. Send him email . Hemp is a plant from the cannabis family that is often closely associated with marijuana. Marijuana or Cannabis indica and Cannabis sativa can contain high concentrations of tetrahydrocannabinol (THC) which is a psychoactive component of marijuana, along with a large number of other
Dallas Buyers Club Directed by Jean-Marc Vallée Starring Matthew McConaughey 2013 The Dallas Buyers Club is based on a true story about Ron Woodruff (McConaughey), a redneck, heterosexual Texan who contracts the HIV virus in the 1980s. There is lots of sex, drugs, drinking, homosexuals, and even transsexuals, in addition to great acting, so be
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.