Of Course Investors Can Beat the Market
Stefan M.I. Karlsson examines the claims of the Efficient Markets Hypothesis that neither Donald Duck nor Scrooge McDuck can earn more than the average.
The Origin of the Income Tax
“The freedoms won by Americans in 1776 were lost in the revolution of 1913,” wrote Frank Chodorov. Indeed, a man’s home used to be his castle. The income tax, however, gave the government the keys to every door and the sole right to change the locks.
Do Capitalists Have Superior Bargaining Power?
The “superior bargaining power” argument has always been the most important argument on behalf of unionism and of all the legislative privileges that unions enjoy. Thomas DiLorenzo points to Mises’s demolition of the idea.
In a Free Society?
Mandatory evacuations: if you don’t leave, do they arrest you?
The Ownership Society
So long as we get liberty, the name doesn’t matter, writes Llewellyn H. Rockwell, Jr. But it does matter that the Bush campaign would take unto itself a term like “ownership” in an attempt to dupe people.
The Twin Deficits: Myths and Truths
Open the business section of a newspaper today and you are likely to find some mention of (a) America’s wide trade gap; (b) the increasing Federal budget deficit; and often (c) the two of these, yoked together as ‘The Twin Deficit” problem.
Ken Lay On His Show Trial
As an interesting follow up to Bill Anderson and Candice Jackson’s Mises Daily Article “Is Ken Lay A Criminal?“ we have Ken Lay himself saying essentially the same thing in the Washington Post. He admits that things went terribly wrong at Enron but he claims that he did nothing criminal, (if mistakes in business are criminalized then the free market is over).
how wealthy we are
In the same vein of Don Boudreaux’s recent post at Cafe Hayek, I have always enjoyed this similar bit of correct historical observation from the Communist Manifesto: “The bourgeoisie, during its rule of scarce one hundred years, has created more massive and more colossal productive forces than have all preceding generations together.
You Go, WTO!
I’m no fan of the World Trade Organization, but I am hardly shedding tears at its ruling against the U.S. program under which the federal government imposes anti-dumping duties on foreigners and gives the money to domestic competitors. The charge of “dumping,” that is, selling below cost, is always trumped up because the notion of cost can be manipulated to put the rabbit in the hat every time. (Costs are subjective, of course.) The WTO ruling permits retaliatory sanctions against U.S.
Slashdot, Gilligan’s Island and the Mises Institute
The popular Slashdot site, “News for nerds, stuff that matters”, has posted a link to the Mises Daily article, The Monetary Economics of Thurston Howell III. You might find the massive discussion this has sparked at Slashdot interesting, 255 comments and counting! Some of them are pretty silly, but some are honest attempts to deal with the arguments for free market money.
