Join the Mises Institute as we welcome more than 130 students from all over the world to our Auburn campus! Mises U 2014 is a full week of Austrian scholarship that can’t be found anywhere else on the planet.
Coming tonight at 8:00 PM EST (7:00 PM Central Time), Tom Woods will give the opening lecture for Mises University. Join us online to see Woods in live streaming video. All live streams can be found here.
Students began to arrive Sunday afternoon and by 5 pm, the Mises Institute was filled with students from around the nation, and around the world. Everyone had plenty to talk about.
Dinner was served at 6 pm, and our faculty members were sure to sit with the students so our students could get to know them and ask them questions.
This article is also available as an Audio Mises Daily
Apparently all it takes to get recognition these days from the National Bureau of Economic Research is to time yourself doing math problems.
This article is also available as an Audio Mises Daily
First the good news. The House Financial Services Committee has held a hearing on “Legislation to Reform the Federal Reserve on its 100-year Anniversary.” The hearing focused on a bill introduced by Scott Garrett and Bill Huizenga which would require the Fed to provide Congress with a clear rule to describe the course of monetary policy. Now for the bad news.
Scarcity makes efficiency — getting the most value from given resources —important. The more efficient individuals are, the more they benefit from their actions. That’s why economists are always talking about efficiency.
This article is also available as an Audio Mises Daily
This transcript is adapted from an interview with Mark Thornton and David Morgan at The Morgan Report. Mark Thornton is available for media interviews. Contact him here.
David Morgan: Could you give us your personal assessment on the current economic landscape?
After the empirical failure of socialism in the Soviet Union, and the corresponding unpopularity of state control of the economy, left-leaning economists and politicos have increasingly turned to other justifications for state intervention into the economy, climate change being one particular example. Alternatively, one of the more “trendy” ways of justifying state interventionism has been a “dynamic” theory of the state.
At the time of this writing, Argentina is a few days away from formally defaulting on its debts.How could this happen three times in just twenty-eight years?
