Gustave de Molinari learned of “the destructive apparatus of the civilized State” from the French Revolution, “naively undertaken to establish a regime of liberty and prosperity for the benefit of humanity, end[ing]…in an increase in the servitude and burdens.”
To pay its debts, Greek government, "busy thinking of new ways to raid its own population."
A fashionable approach to monetary policy these days, even in free-market circles, involves "NGDP targeting."
Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers.
“So let us not talk falsely now, the hour is getting late.” (Bob Dylan, All Along the Watchtower, 1967)
The Fed's FOMC has affirmed that it may raise interest rates as some point in the future if conditions warrant such a change.
Last month, Fortune magazine's cover story considered how we are now living in the age of unicorns, given that at least 80 start-ups have achieved this status...
I was deeply honored--and completely surprised--to have this handsomely produced Festschrift presented to me at the Austrian Economics Research Conference last week.
Mises Daily Wednesday by Peter Wong:
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
John Denson's A Century of War has appeared in German translation and has sold 4,000 copies.
