Mises Wire

Lew Rockwell: I have two suggestions for you, and they both involve new books by Tom Woods.

As a historian, my training is about analyzing the past. Those times I have strayed into predicting the future, I have failed pretty spectacularly. And yet, the installation of the new Secretary of State Ashton Carter makes me look a bit prophetic after all!

In this audio interview, economist and former Mises Fellow Shawn Ritenour, and author of Foundations of Economics: a Christian View, breaks down how markets work.

Once upon a time, the Chinese were the enemies of private property rights and free markets, and the Americans were the enemies of the Chinese and purported to cherish the institutions that the Chinese hated. Today no such clear-cut difference exists. If anything, today’s Chinese in high places seem to be more inclined to say kind words about private property rights and the free market than are comparably placed Americans.

Jeff Deist interviews John O'Donnell in this week's Mises Weekends.

More evidence the future of Austrian economics is in good hands is Patrick Newman’s excellent piece of scholarship recently published in the QJAE as "The Depression of 1873: An Austrian Perspective."

The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.

Remember (Mises U Alum and economist) Ken Zahringer’s great short article about tipping? Fortunately, CNET noticed, and called Ken up to apply his tipping insights to ridesharing programs.

Mark Thornton comments in WND's article on recent cyber-security breaches. Thornton notes that, when breaches do occur, "Most, if not all of the time, the customer isn’t harmed; it’s the company that’s harmed. As a result, banks and retailers seek out enhanced security so criminals are less likely to be able to detect patterns.”

Chinese subtitles have been added to Philipp Bagus's 2014 talk at the European Parliament about the fall of the Berlin Wall.