High Courage and Unusual Integrity
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Ludwig von Mises, when I met him, was exactly what you would have expected: a dignified, beautifully mannered gentleman from what Murray Rothbard called an older and better time. A genius, Mises was a great economist of the twentieth century, and a hero in his personal battles with Marxism, National Socialism, and Keynesianism.
Year-End Message
How the Fed Grows Government
We are told that elections are important, but the most powerful state institution, the central bank, is totally out of reach of the voter.
The Cultural and Political Consequences of Fiat Money
Middle-of-the-Road Policy: Lessons from Argentina and Venezuela
Pakistan and the Problem of Military Aid
Knocking Down the Peaks of Innovation
As in many other towns all over the country, the college town of Columbia, MO, was “plagued” with on-demand, inexpensive rides through the Uber network. Uber is, simply put, an app for one’s smartphone that connects those interested in getting a ride with those interested in driving, and provides for simple payment of service. In this sense, the app serves as an arbitrageur in the person transportation market - a Kirznerian pure entrepreneur. Prices are adjusted toward equilibrium as supply meets effective demand. No harm done, right?
It’s the Economics that Got Small
Joe Gillis: You’re Norma Desmond. You used to be in silent pictures. You used to be big.Norma Desmond: I am big. It’s the pictures that got small. —Sunset Boulevard (1950)
