As always, the market comes to the rescue through innovative entrepreneurship. And in this case, not only do these entrepreneurs promise to build roads - they will use the roads to generate electricity for sale on the market. So they solve two problems at once. Nay, three - the roads use part of the generated power to keep snow and ice off the surface, thereby making them safe even in cold weather.
While gold seems to mostly flow from west to east these days, some of it apparently still flows south to north, according to Bloomberg. And it flows directly from Ecuador’s central bank into the coffers of Goldman Sachs. Ecuador’s Finance Ministry needs liquidity to cover a projected budget deficit of nearly $5 billion (pikers!) this year, and bond issuances are problematic since a default only 5 years ago.
Sticker which is spreading like wildfire at Brazilian public universities.
Mark Thornton presents a one-minute primer on the “Skyscraper Curse.”
J. Dayne Girard writes in today’s Mises Daily:
[A selection from Power and Market.]
By Murray N. Rothbard
Peter Klein discusses who should make the decisions to best allocate scarce resources and time.
Peter Klein discusses who should make the decisions to best allocate scarce resources and time.
In addition to her shorter piece on the English Levellers, Roberta Modugno has provided this longer, footnoted piece as well, including:
On this week’s edition of Mises Weekends. (Mp3, 25 minutes.) Click here for the YouTube version. Also available at iTunes. Gerald Celente is is a trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other events of historical importance.
