The Mises Circle in Houston, Texas. Sponsored by Jeremy S. Davis. Recorded 22 January 2011.
The Mises Circle in Houston, Texas. Sponsored by Jeremy S. Davis. Recorded 22 January 2011.
The Mises Circle in Houston, Texas. Sponsored by Jeremy S. Davis. Recorded 22 January 2011. Includes a Question-and-Answer period.
The world would be a happier place if official economic statistics had never been created. They are often inaccurate or otherwise flawed and misleading. An even more serious consideration: official statistics help to provide rationales for pernicious policy making.
Crystal meth is a horrible drug, but it is also a cheap date, the poor man’s cocaine.
Crystal meth is a horrible drug, but it is also a cheap date, the poor man's cocaine. During cocaine's heyday, meth was nearly extinct on the illegal market. Then came the war on cocaine.
If the cost of labor increases, someone has to pay for it. Laborers may pay in the form of decreased work opportunities, investors may pay in the form of decreased returns on capital, or consumers may pay in the form of higher prices required by increased costs.
