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The Week in Review: April 9, 2016

  • Cost of education
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Tags Booms and BustsEducationEntrepreneurshipMoney and Banking

04/08/2016Mises Institute

“Our greatest enemy today, in short, is the economic illiteracy and confusion on the part of those who insist on “planning,” “stabilizing,” and straitjacketing the economy and who have the political power to do it.” So wrote Henry Hazlitt in 1946, words that sadly retain their relevancy today. The consequences of this pervasive fallacy takes many forms. Ryan McMaken this week highlighted how soaring university tuition is fueled largely by a government fueled boom in student loans, while Paul-Martin Foss highlighted the alarming signals coming from international shipping. Around the world, people are coming to realize what Austrians have long warned, that the increasingly absurd policies of central banks offer no hope for true, sustainable economic growth. Sadly there is a firmer grasp of economics to be found in a Harry Potter novel, than the halls of the Federal Reserve.

Mises Weekends this week focuses on the true foundations for economic prosperity: innovation and entrepreneurship. At last week’s AERC, Hunter Hastings — a leading business and marketing consultant — discussed how technology breakthroughs and smart machines can power a new age of individualism.

Hunter Hastings: Individualism in the Age of the Smart Machine

And in case you missed any of them, here are this week’s featured Mises Daily articles and some of our most popular articles at Mises Wire:

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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