Plundering The Provinces

While incomes and living standards in the rest of the U.S. have been declining since the beginning of the new millennium thanks to the ever-increasing depredations of Big Government, Central Banking  and Crony Capitalists on productive Americans, things have been going just swimmingly in the Imperial City of Washington, D.C.

Incumbents Try the Borg Strategy

The internet has the potential to revolutionize higher education, as new providers and platforms such as Khan Academy, TED, the various MOOC providers, and our own Mises Academy offer modular, flexible, and specialized alternatives to the medieval model that continues to dominate the establishment universities. The early -- and predictable -- reaction of the incumbents was to denounce the entrants as cheap, inferior, fly-by-night operations.