Deflation Is Not a Problem: Reversing It Is
Who Has Better Ethics, the Social Security System or Bernie Madoff?
Money Supply Growth in October Fell to a 39-Month Low. A Recession Is Now Almost Guaranteed.
Pentagon Fails Fifth Straight Audit, Does Anyone Care?
The Student Murders in Idaho Highlight the Unimpressive Police Record on Violent Crime
It’s been three weeks since four students at the University of Idaho were stabbed to death at a home in Moscow, Idaho, and law enforcement officers say they have no suspect. In the early hours of November 13, three women and one man were murdered in an off-campus home where two other roommates were also sleeping. Yet, somehow the killer or killers managed to escape the premises without being seen or even waking the other roommates.
Blowing Up the World When So Little Is at Stake
In last week’s column, I discussed Christophers Coyne’s excellent book In Search of Monsters to Destroy, a cogent account of America’s endeavor to build a “liberal” informal empire. Coyne shows the inherent contradiction of using brutal means to achieve humane values. This week, I’d like to discuss an even more deplorable part of American foreign policy, one which threatens the world with destruction.
Leviathan Devours Free Range Entrepreneurs
“It is not Wisdom but authority that makes a law.”
-- Thomas Hobbes
That meal, guest or package that came to your front door this month is part of a massive delivery industry. Free Range Entrepreneurs (FREs), drivers whose transportation work is varied, temporary, and frequently changing, are critical to our economy and all consumers. It is a national market with State rules. A self-regulating, wage clearing market, with high turnover.
Property, Civilization, and Culture: Mises in Reno
Hayek on the Difference between Science and Scientism
[T]he confidence in the unlimited power of science is only too often based on a false belief that the scientific method consists of a ready-made technique, or in imitating the form rather than the substance of scientific procedure, as if one needed only to follow some cooking recipes to solve all social problems.
— Hayek, F. A., The Pretence of Knowledge, Lecture to the memory of Alfred Nobel, December 11, 1974.