What the State Fears
By Murray Rothbard
Audio: Thornton Explains the Crack-Up Boom
Interviewed by host Alan Butler, Mark Thornton explains why the Crack-Up Boom phase of a fiat money collapse is one of the scariest economic phenomena in human history. Listen here.
Republicans and Refundable Tax Credits
By Laurence Vance
The so-called Bush tax cuts were, unfortunately, set by Republicans to expire at the end of 2010. Although they were extended, with modifications, and then extended again, with more modifications, this Republican blunder has led—like so many of their other actions—to an increase in the welfare state.
University of Manchester Crushes Students’ Attempt to Study Austrian Econ
More IMF Meddling
The International Monetary Fund is up to its mixed messages again. This time it´s a dire warning about Canada´s future.
The IMF has recently softened its outlook on Canada, warning that “”downside risks to the outlook still dominate, including from weaker-than-expected exports resulting from competitive challenges, lower commodity prices and a more abrupt unwinding of domestic imbalances.”
Economic Sanctions Not Key Cause of Russia’s Possible Recession
According to some experts, sanctions imposed by the US and the European Union are likely to push Russia into a recession.
Audio: The Economy, the End of Prohibition, and the Articles of Confederation
Interviewed by host Alan Butler, Mark Thornton discusses the current economic situation, the end of Prohibition, the Articles of Confederation, and several other interesting topics.
Peter Klein: ‘The Road to Serfdom’ at 70
Extended Version of Peter Klein’s Interview on Entrepreneurship
[After reading Peter Klein’s interview in Mises Daily today, you’re probably thinking to yourself: “I would love to read more on this, and I want to do it right now.” So, here is the full 3,000-word original version of the interview, thanks to eTalks. -ed]
One-Third of a Year a Slave
This year Tax Freedom Day falls on April 22, three days later than last year. By that date, Americans will have earned sufficient income to pay the $3.0 trillion and $1.5 trillion they will be forced to pay this year in federal and state taxes, respectively. The total of $4.5 exceeds the amount they will spend this year on food, clothing, and shelter.
