More signs, thanks to the usual suspect

One day in a nice community in Auburn, the construction crews arrived to pour concrete and build some very lovely bike and walking trails. How nice they were. But then a few months later, more crews arrived to install, all up and down the entire trail, the most ghastly array of stop signs, crossing details, no-motor-vehicle signs, do-this-don’t-do-that signs, hundreds of them, or so it seems. It was like a bad joke, and joy turned to fury.

Markets are both competitive and cooperative, but never coercive

When people consider the question of how society should be organized, there is a tendency to portray issues in terms of false alternatives. Such is the case with competition or individualism (i.e., market organization) versus cooperation or community (i.e., organization through government). It is often stated, and even more frequently implied, that we can choose cooperation over competition, when competition in markets is in fact a superior way to achieve social cooperation.

Is Wal-Mart Overpaying?

If the idea of prices and wages is that they should clear the market, leaving neither shortages or surpluses, consider that Wal-Mart might be overpaying. According to ChicagoBusiness.com: “The new Wal-Mart Stores Inc. location opening Friday in suburban Evergreen Park received a record 25,000 applications for 325 positions, the highest for any one location in the retailer’s history.”

The Douglas E. French Scholarship Prize: $2,500

We are pleased to offer some very good news for those students who attend the Mises University this summer (and following). The student who emerges from the oral examinations (the Mündliche Prüfung) with the best record, as chosen by the examining committee, will be awarded the Douglas E. French Scholarship Prize of $2,500. The winner will be announced and the prize money given at the final barbecue.