Profit, Loss, and Pluto

On October 4, the privately funded SpaceShipOne climbed to an altitude of over 70 miles, clinching the $10 million “X Prize.”  Many analysts were excited by the prospects for commercial space travel, and the day when orbital or even interplanetary flights would be affordable for the average person.  As if to rebut the naysayers who dismissed SpaceShipOne as a mere tourist attraction for millionaires, Las Vegas hotel magnate Robert Bigelow capitalized on the event by announci

America First

A very interesting article by Franklin Foer appears in today’s NY Times: “Once Again, America First.” Foer talks about how conservatives, with their typical distrust of government power, have begun to turn against the Bush administration’s neo-Wilsonian desires to “democratize the Middle East.” The critics include George Will, Patrick Buchanan, “the libertarian Cato Institute and the traditionalist Chronicles magazine,” as well

Natural Elite

Here is a beatification web site devoted to Karl of Austria, the last Habsburg emperor. Karl was named blessed last Sunday in Rome by Pope John Paul II. See especially, in the photo section, the pictures of Karl’s son Otto as a young boy (and Crown Prince). Otto, who visited the Mises Institute in 1997, was a close friend of Ludwig von Mises. His portrait graces the offices of the Mises Institute in Auburn.