Japanese Prime Minister Shinzo Abe spoke before a joint session of the U.S. Congress on April 29, 2015 and offered his “eternal condolences to the souls of all American people that were lost during World War II,” but never directly said that he was sorry for Imperial Japan’s sneak attack on Pearl Harbor on December 7, 1941.

Today is the 116th anniversary of Hayek’s birthday. Peter Klein summarizes his contributions in under 4 minutes here. Also, it’s 20% off all Hayek books and memorabilia in the Mises store. 

Mises Daily Friday by Mark Thornton: 

Communities like Baltimore and Ferguson have been crippled by government regulations and the American nanny state. Now is the time to allow local residents to break free of government wage controls, government schooling, and government prohibitions.

During his presidency, Barack Obama on many occasions has claimed that the market economy is based upon what he (and other leftists) call “trickle-down economics.” A few years ago, Obama declared:

Alan Reynolds writes at Investors Business Daily:

I have long been baffled by the Quixotic efforts of such prominent economists Paul Krugman and Joe Stiglitz to blame economic stagnation in the eurozone on insufficient government spending. 

Dr. Thornton appeared this week on Press TV to discuss the recent jump in the US trade deficit.

A partial transcript: 

Press TV: How are we supposed to look at this if this is the largest increase in imports on record?

Lew Rockwell and Jeff Deist invite you to join them at the Mises Circle on Thursday, May 7 with talks by a compelling slate of speakers on the topic “Are We on the Edge of the Economic Abyss?” The line up includes James Grant, Judge Andrew P.

Mises Daily Thursday by Ryan McMaken: 

With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own “Suez moment” in which foreign regimes can nullify American foreign policy without firing a shot.