Joe Salerno discusses the economics of Price Gouging. Dr. Salerno is the Mises Institute’s Academic Vice President.

Venezuela and Argentina are the Greeces of South America,  says this Economist article.  Which may make Chile the Germany of South America, but fortunately

So the TSA finally has been officially outed by one of its former employees. Yes, the agency is a joke, and everyone working there knows it. The TSA has not prevented any terrorist attacks, nor are TSA agents “on the front lines of fighting terrorism” no matter what rhetoric we hear from Washington and members of Congress, as well as from the sycophants working for President Obama.

A recent study by Gan Li found that 90% of households in China own their homes and that housing is typically the largest item in household wealth. The study reinforces the idea that China has been experiencing a real estate bubble of epic proportions the popping of which the Communist Party cannot tolerate.

Featured in this issue of the Quarterly Journal of Austrian Economics (Vol. 16, No. 4):

Outlaw emergency rooms that aren’t owned by politically well-connected hospitals. Politicians in Colorado have introduced a bill