Why Do We Act against Our Self-Interest?
Why Mises’s Theory of Economic Calculation Still Is Relevant Today
CBDCs: The Ultimate Tool of Financial Intrusion
“Experts” at the Federal Reserve and other central banks proudly broadcast the potential “financial inclusion” that could be achieved with a central bank digital currency (CBDC). In the Fed’s main CBDC paper, “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” they make it clear: “Promoting financial inclusion—particularly for economically vulnerable households and communities—is a high priority for the Federal Reserve . . .
How Conscription Ended Fifty Years Ago
United States military conscription, or the draft, ended on January 27, 1973, with the winding down of the Vietnam War. The draft law was due to expire at the end of June 1971. But US President Richard Nixon decided it needed to continue and asked Congress to approve a two-year extension. In March 1973, 1974, and 1975, the Selective Service assigned draft priority numbers for all men born in 1954, 1955, and 1956, in case the draft was extended—but it never was.
Economic Calculation Is Nonbinary
One of Ludwig von Mises’s important contributions to economics was demonstrating the impossibility of economic calculation under socialism. He did it by showing three necessary preconditions for the generation of meaningful market prices in the factors of production—private property, freedom of exchange, and sound money.
Why Are Kickers Paid More Than Running Backs? Economic Logic Provides an Answer
Think of the best football players of all time. One of my immediate thoughts is running back LaDainian Tomlinson. However, as you think about your list, ask yourself this: where do kickers like Justin Tucker (or my favorite college kickers like Jaden Oberkrom or Griffin Kell) rank? No matter who you are, odds are you thought of several running backs before even considering a kicker.
Out of the Woods?
Powerball Play Down: Players Too Bored or Too Broke
It seems Powerball has lost its zip. The Wall Street Journal reports, “There were $152 million in nationwide sales for Saturday’s $829 million jackpot—a 25% decline from the $197 million in sales for another $825 million Powerball drawing on Oct. 29, 2022, according to Lottoreport.com, which tracks sales.”
Mises University Starts in Two Days. Will You Support Our Budding Scholars?
Only two days left until Mises University begins! Our students have completed their required readings and have already started discussing Misesian utilitarianism, Rothbardian natural law, and Hoppean argumentation ethics in the Mises University private group chat. We can already tell how enthusiastic and smart these students are!
We have students from forty-seven colleges and universities at this year’s Mises University. Look and see if your alma mater is represented at “The Best Week of the Year!”