If I were a business owner, must I sell to you? If you answer yes, you must balance that requirement with your obligation to buy from me.

All trade is bilateral. Well, to be more exact, and since we live in a country where a nebby uncle named Sam interferes in many trades, it is better to state that all free trade is bilateral.1

After the Obama administration bailed out General Motors by purchasing a 60.8% ownership share in the company for $49.5 billion, President Obama said, “We expect taxpayers will get back all the money my administration has invested in GM.” (I do like the way the president takes responsibility for the investment.) Now, the president’s administration has

All videos from January’s Mises Circle, “The Police State: Know It When You See It.” See also, “Whatever Happened to Peace Officers?” by Jeff Deist and “Mussolini’s Idea of the State and Its American Defenders” by Lew Rockwell.) )))

This is a very nice takedown of E.J. Dionne and his recent bizarre assertion that the GOP is somehow in thrall to Austrian economics.

Mises Institute Associated Scholar (and author of The Invisible Hand in Popular Culture) Paul Cantor writes:

He’ll be there to discuss Abe Lincoln after The Daily Show savagely attacked Napolitano recently for this sort of thing:

Bruce Bartlett, who’s almost twice my age, and apparently had some sort of “important” job back when I was in grade school, says I’m “living in the past” for talking about the transcontinental railroad:

It’s not just the auto industries of Canada and the United States that are plodding along towards a slow demise. The auto industry in Australia will soon be a piece of history, according to Iain Marlow writing for The Globe and Mail.