Forced Organ Donations
In his work A Critique of Interventionism, Ludwig von Mises concluded that an endless progression of interventions was the inevitable consequence of otherwise well-intentioned policy makers
Some Recently Translated ‘Mises Daily’ Articles from South America
Our friends at other Mises Institutes around the globe seem to be really churning out the new translations these days. Here are several new ones:
Portuguese:
“Cinco lições sobre o referendo escocês“ translated from “Five Lessons Learned from the Scottish Referendum“ by Ryan McMaken.
The First Carl Menger Prize Awarded!
The Verein für Socialpolitik is currently the largest association of German-speaking economists in the world. It was founded in 1873 by economists of the German historical school and was chaired for many years by their leader Gustav Schmoller, who was a bitter opponent of Carl Menger and the nascent Austrian school. Well times have certainly changed.
Summer’s Over
Summer’s over at the Mises Institute, but we had lots of great graduate and undergraduate students here this year for Mises University, Rothbard Graduate Seminar, and the Summer Fellows program. It’s not too early to think about which 2015 programs you’ll apply for.
At Mises U 2014. Credit: Matt Battaglioli
White House: No Estimate on Costs of War on ISIS
Jason Ditz writes at Antiwar.com:
The World’s Largest Subprime Debtor: The US Government
Lehman Brothers filed for Chapter 11 bankruptcy protection six years ago this month. The event has become famous as the spark that ignited the global financial crisis. Since that date, millions have lost their jobs and livelihoods, and countless others have seen their futures evaporate before their eyes, sometimes permanently.
Time Preference and Long-Term US Interest Rates
After closing at 3.03 percent in December 2013, the yield on the 10-year US T-Note has been trending down, closing at 2.34 percent by August this year. Many commentators are puzzled by this, given the optimistic forecasts for economic activity by Fed policy makers.
According to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates, the central bank, it is argued, through expectations about the future course of its interest rate policy, influences the entire interest rate structure.