From the text of Senate Bill 65 currently being debated in the Alabama Legislature: SYNOPSIS: Under existing law, it is unlawful for any person to impose unconscionable prices for the sale or rental of any commodity or rental facility during a period of a declared state of emergency. This bill would also provide that it is unlawful for any
A reader responding to my most recent article on Mises.org writes: “As a former prime contractor to NASA (I’m much better now, thanks) I was astonished at what I found. The miracle is that anyone flies safely, not that occasionally they blow up. Everyone I knew, including those still there, hates and has contempt for this monsrosity. One
If Argentina defaults, will the IMF follow? From the International Herald Tribune : “Argentina owes $14.3 billion to the IMF, more than 500 percent of the country’s statutory quota (the generally accepted borrowing limit is 300 percent). Argentina owes the World Bank $8.5 billion, representing nearly 8 percent of the institution’s loans, and the
The European Union is giving Microsoft a “last chance” to defend itself against anti-trust charges before it is slapped with a fine of up to $3.2 billion. Microsoft may have to disclose how its PC and server operating systems communicate with each other, and offer a stripped-down version of Windows, to help its competitors, writes Deutsche Welle
The Hoover Institution’s Melvyn Krauss, in an op-ed in today’s Wall Street Journal ($) ,notes some recent events that indicate that markets are no longer buying Greenspan’s messages on the economy. For instance, Most of the growth in the second quarter GDP figures was due to non-recurring war revenue and thus masks persisting structural problems
From a story in today’s Wall Street Journal on the Fed’s overstating deflation fears earlier this year: “The catalyst for the debate was Fed officials’ widespread discussion during the spring of the risks of deflation, or generally falling prices, and what ‘unconventional’ measures it could take to combat it. The discussions prompted investors to
Is the weak dollar, like steel tariffs , simply another political strategy out of Karl Rove’s playbook? Today’s New York Times reports that the shift to a weak dollar policy “may have begun under President Bush’s first Treasury secretary, Paul H. O’Neill, who placed less emphasis on keeping the dollar strong than on letting market forces rule. The
Who would have thought that Sweden might turn out to be the harbinger of a successful anti-euro movement? Writes Jean-Christophe Mounicq on today’s Tech Central Station , “[b]y saying ‘No’ to the euro, whether for good or bad reasons, the Swedes have done a great favor for themselves and other Europeans. As Professor Jean-Jacques Rosa
A reader from New Zealand wrote the following to me, about my Grasso article on today’s Mises.org: I am in the fortunate position of not being taxed on my stock market tradings in your country, which is one of the primary reasons my money is invested in the US of A. Another reason that I choose to invest via the US stock markets is precisely
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.