The Socialist Party In Chile Gets to Work Destroying the Economy
Axel Kaiser at Mises Brasil has penned a helpful update on the situation in Chile where socialist president Michelle Bachelet was elected to a second non-consecutive term in Chile.
The Space-Junk “Crisis”
Whenever you see the words “Lockheed Martin” you should think “taxpayer-funded cronyism,” so when I saw the recent Drudge headline that read “LOCKHEED seeks to clean up space...” I mentally added the clause “with money stolen from taxpayers.” The space junk crisis is apparently the latest looming global disaster that requires a government solution.
The Economics of Perpetual War
The 100th anniversary of the beginning of World War I seems like an ideal opportunity to spread a message of peace and economic cooperation; sadly, 2014 has so far been a year of new and renewed conflict far more than one of reconciliation. By now, talk of the horrors of war is nothing new. Everyone knows about the total destruction war brings; in fact, we’ve known for millennia.
Free Markets and Fighting Fires
According to Terry L. Anderson and Daniel Botkin, “Fighting Western Fires with Economics” is a good idea.
How the Private Sector Might Colonize the Red Planet
Der Spiegel reports on the Mars One project to colonize Mars with funding coming from an expected $6 billion in broadcasting rights in what would be a sort of interplanetary Truman Show.
Trouble at Jackson Hole
Central bankers and their economists had their annual retreat to Jackson Hole Wyoming this past week. Given all of their self-proclaimed success in curing the economic crisis with their Zero Interest Rate Policy (ZIRP) and Quantitative Easing (QE). You would think that the event would have been a big celebration.
New Translations from the Mises Institute of The Netherlands
This link is from the Mises Institute in the Netherlands:
http://mises.nl/de-kloof-tussen-zichtbare-en-echte-zorgkosten-over-het-topje-en-de-ijsberg/ and is based on this video by Peter Klein (http://www.youtube.com/watch?v=W6mtJmWVIds) of which I made a transcript first.
That article is linked with the second video by Peter Klein on this subject (
State Monopolists Don’t Work for You
I see that some people have become a bit upset with how the police are conducting themselves recently. They declare that the police need to be reminded that “they work for us, not the other way around.” This statement expresses an utterly naive and untutored idea. The police don’t work for us, if by “us” we mean you, me, and at least 95 percent of the rest of the population.
The Mythical “Wealth Effect”
Seeking Alpha has a nice article debunking the tired “wealth effect” concept. We see this phony phrase trotted out endlessly, but it’s helpful to understand it as combining both Keynesian and Monetarist elements:
