In light of Hoppe and Summers, the Atlanta-Journal Constitution asks the question. Update: also this article on Hoppe in German from Junge Freigheit.

This is the first time I’ve seen Schwarzenegger connected with Mises, however vaguely (from LATimes, and no sense correcting errors, I suppose):

Real Estate. Some interesting anecdotes in this article.

In Naples, Florida, some houses have been bought twice in a single day.

Well, like they say at Marginal Revolution, there are markets in everything. Checking eBay this evening, I noticed that someone is selling the domain name for www.TerriSchiavo.com, with over 22 bids so far (at over $400).

We are shocked, shocked, to read that governments of the largest welfare state nations may be unable to service their debts over time as an increasing fraction of their populations stop working and start collecting. This story explodes the mainstream finance view, which forms the basis of all financial asset pricing theory, that government bonds are “risk free”.

I think Paul Craig Roberts gets it wrong when using the subject terms. Let me clarify according to my understanding: An economic advantage is when one person or group can produce a given result with more economy than another. This is very general, and can be broken down into categories: labor advantage is when production can be carried out at lower labor cost (other things being equal); capital advantage, capital; rent/space advantage, rent. When aggregating costs in a group, we must be careful.

In a recent article, I analyzed the ambiguities and contradictions in the typical usage of terms such as liberty and order. In the present piece, I would like to do the same with the word anarchy. As before, I won’t get to spend much time with substantive analysis. Before sober minds can consider these difficult matters, we first need to clear away the confusion—we can’t debate various ideas if we don’t even know what we’re saying.