Regime Uncertainty: Some Clarifications
A business-hostile administration will provoke more apprehension than a business-friendlier administration.
Austrian Business Cycle Theory on the CFA Exam
A friend informs me that the mainstream and prestigious CFA Institute now features Austrian economics in the study materials for the Level 1 CFA Exam. The section “Theories of the Business Cycle” includes several pages on Mises and Hayek (as well as Schumpeter), and they’re pretty good. “As a result of manipulating interest rates, the economy exhibits fluctuations that would not have happened otherwise.
Heterogeneous Capital: 12 November, 2012: No-More-Armistices Day, Football As Opiate, the Hair’s Breadth Spectrum of “Serious” Opinion, and the Transatlantic Trail of Tears
Capitalism as Epic Rap Battle
Who would win in a rap battle, Adolf Hitler or Darth Vader? Maybe that question hasn’t exactly been gnawing at you, but in the cutthroat emerging market of Internet entertainment, writers, actors, and producers innovate tirelessly to get your attention.
One of the strangest commercial successes to rise from this crucible is the Epic Rap Battles of History, a YouTube musical-comedy series that now has more than 1.8 million subscribers. That’s a block of loyal fans that most TV stations would kill for.
The Austrian Tradition Has Come Full Circle
The Austrian tradition has returned in full force to the language of its birth with the establishment of the Ludwig von Mises Institut Deutschland, with such heavy hitters on board as Hoppe, Hulsmann, Bagus, and Polleit. This is a historic occasion. Congratulations gentlemen!
Post Hoc, Ergo Propter Hoc
Will anyone undertake to affirm that fire has become a greater evil since the introduction of insurance?
Taking Government Money
Taking Government Money
Austrian influenced economist Mark Skousen recently turned 65 and faced a dilemma many us have or will soon take – should we take social security ‘benefits’?
US Gone to Pot, but Not Completely
The people of Colorado and Washington voiced their opposition to the federal government’s policy of marijuana prohibition.
A Chinese Story
A magnificent canal united two large towns in China. The emperor thought fit to order enormous blocks of stone to be thrown in to render it useless.
Put that in your pipe
Many marijuana issues were on ballots in yesterday’s election. Marijuana was legalized in Colorado and Washington. The city of Detroit passed a law decriminalizing marijuana possession. The state of Massachusetts passed a medical marijuana law. Several ballot measures involving marijuana were defeated, notably in Oregon and Arkansas.
