Bitcoin Implodes

Mises.org has been pushed very hard to comment on the Bitcoin issue, and I’ve probably read and sent 10 articles around for review. We’ve run nothing on it just because the right piece that takes full account of both the technology and robust monetary theory just hasn’t been written. In the meantime, it seems that Bitcoin is tanking.

Who’s using all the water in the American West? It’s not suburbia.

This is just the latest empirical example backing up William Anderson’s arguments showing that water is distributed by political means. But it also shows that very little is used by the suburbs even though one of the central talking points of the environmentalist left for years has been that urban “sprawl” itself a result of government intervention - is using up all the resources. In reality, it is the agricultural interests, who get sweetheart deals for cheap water, who are using up the resources. http://mises.org/daily/1557

An Interventionist Snowball Rolling Down the Road to Serfdom

Here are three principles we should employ if we want to distinguish between 1. The long-run effects and the short-run effects of policies and programs aren’t always the same. We might incur short-run costs in order to get long-run benefits. Similarly, short-run benefits might come with long-run costs. 2. Interventions don’t occur in isolation, and they don’t stay