A Snow and a shake, please!

Last night, US Treasury Secretary Snow was doing what all recent holders of his office have done - namely, he was blaming the rest of the world for America’s self-inflicted woes and trying to get them to inflate a little more as an offset. This is what we could call the McDonald’s school of economics, as is explained here

Mises or Orwell

Some students in Moscow do seem rather confused on Mises’s contribution. Says the Moscow Times: college students were asked the name of the author of “The Theory and Practice of Oligarchic Collectivism,” a work invented by George Orwell in 1984, his satirical masterpiece about the Stalinist Soviet Union. In a multiple choice quiz, all but one marked Ludwig von Mises. (The full Moscow Times article was available yesterday but only to subscribers today.)

Is the Euro Forever?

Leaders of European Union member states have been reeling from the double rejection of the proposed European Constitution by two of the six founding members, the Netherlands and France. Given a chance to express their opinion on “ever closer union,” for the first time in over a decade and ever, respectively, French and Dutch voters spurned the controversial text against the wishes of their countries’ political, media and commercial elite. 

But Wouldn’t Warlords Take Over?

On two separate occasions in the last couple of weeks, people have asked me a familiar question:  “In a system of ‘anarcho-capitalism’ or the free-market order, wouldn’t society degenerate into constant battles between private warlords?”  Unfortunately I didn’t give adequate answers at the times, but I hope in this article to prove the adage that later is better than never.