DEA Seizes $200 Million from Travelers Using Travel Records
USA Today recently released findings from an investigation it had been conducting on the Drug Enforcement Agency’s (DEA) use of civil forfeiture in airports around the country.
We Can’t Live on Borrowed Time and Borrowed Money Forever
[From the July-August issue of The Austrian.]
The problem with presidential candidates is not so much what they say and believe, but rather what they don’t say and believe. Behind the lying and dissembling and obfuscation there is a palpable suspension of disbelief. Our would-be political rulers simply ignore — or fail to grasp — the gravity of our economic situation.
How Government Ruined American Sodas
The tongue is a discerning instrument; in the hands of a traveled soda aficionado, it is capable of leading to insightful truths about politics. To the drinker who has imbibed foreign sodas, this truth stems from the peculiar, yet incontrovertible fact that American soda is not so hot.
Does the UK Need Even More Stimulus?
“We are all Keynesians now, so let’s get fiscal.” This is one view according to Ambrose Evans-Pritchard from The Telegraph who believes the time is right for the UK government to loosen its fiscal stance. He suggests that the “Bank of England has done everything possible under the constraints of monetary orthodoxy to cushion the Brexit shock.
Inflation: It’s a Wealth Redistribution Scheme
Many central banks around the world aim to achieve some “inflation target” either as a single explicit policy goal — as in the case of the South African Reserve Bank — or part of a set of policy goals as pursued by the US Federal Reserve. But far from maintaining economic stability and fostering prosperity, consumer price inflation targeting practically guarantees a pernicious wealth transfer year in and year out, a perpetual duping of unsuspecting employees and companies, and a permanent blind spot to hidden inflation.
2. Natural Law as “Science”
It is indeed puzzling that so many modern philosophers should sniff at the very term “nature” as an injection of mysticism and the supernatural. An apple, let fall, will drop to the ground; this we all observe and acknowledge to be in the nature of the apple (as well as the world in general). Two atoms of hydrogen combined with one of oxygen will yield one molecule of water—behavior that is uniquely in the nature of hydrogen, oxygen, and water. There is nothing arcane or mystical about such observations. Why then cavil at the concept of “nature”?
Mises Biography Now Available in China
Our friend Xiong Yue informs us that Dr. Huang Huaqiao’s Chinese translation of Guido Hülsmann’s The Last Knight of Liberalism has just been published.
Preface
All of my work has revolved around the central question of human liberty. For it has been my conviction that, while each discipline has its own autonomy and integrity, in the final analysis all sciences and disciplines of human action are interrelated, and can be integrated into a “science” or discipline of individual liberty.
Part I Introduction: Natural Law
