Move Over, Obamacare. Here Comes Obamaschool
Obamacare began because of a crisis in medical care. Obamaschool is coming for similar reasons.
New Joseph Salerno Shirt in the Store
Whether he’s testifying in Congress, editing the Quarterly Journal of Austrian Economics, or heading up the Mises Institute’s many academic programs, Joe Salerno is there to supply some intellectual heavy lifting when you need it most. With this unbelievably handsome gray t-shirt, now available in the Mises store, you can signal that you’re a serious student of Austrian economics, and that you know the purchase of this shirt will be no malinvestment
Lying Americans into War (Again)
In my article entitled “The Liefare-Warfare State” on LewRockwell.com today I survey literature that shows that America’s wars have been wars of imperialism with the lone exception of the American Revolution. The War of 1812 was an attempt to conquer Canada; the Mexican-American War was conducted to steal California and New Mexico from Mexico; Abe Lincoln announced in his first inaugural address that the “Civil War” was to be waged over tax collection to
Creative Destruction—The Best Game in Town
In his justly famous 1942 book Capitalism, Socialism and Democracy, Joseph A. Schumpeter described the dynamics of a market economy as a process of “creative destruction.” In his view, innovation—“the new consumers’ goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates”—drives this process.
Rothbard and Menger on Private Money in ‘TAC’
Writes Brian LaSorsa in The American Conservative, on whiskey and Bitcoins:
Summer 2013 Edition of QJAE Now Online
The Quarterly Journal of Austrian Economics, Volume 16, No. 2, a scholarly refereed journal published by the Mises Institute, is now available online. Summer 2013’s articles:
The Mises Store Now Accepts Bitcoins
The Mises Store is now accepting Bitcoins for all the books, apparel, and Mises busts you’ve been meaning to buy. Now’s your chance. Using Bitcoins will be even easier with the many changes coming to the bookstore in the future.
Was Keynes a Brilliant Investor?
The latest example of Keynes hagiography is an article by David Chambers and Elroy Dimson in the Journal of Economic Perspectives (volume 27, number 3, Summer 2013, pp. 213–228).
The thesis is that Keynes was an investment genius and innovator who developed methods later used by Warren Buffett and George Soros.
Keynes did make a modest fortune through a combination of writing and investing. But to compare his speculative style with Warren Buffett’s long term investment style is preposterous. Consider these facts:
The NSA and Its “Compliance Problems”
The NSA admits it has “compliance problems” with the law, yet faces few sanctions.
Big Business, War, and Rothbard’s Class Analysis
The biggest capitalists, those “economic royalists” of Wall Street, have been the deadliest enemies of true capitalism.
