It appears as though my prediction that pharmaceutical companies would cease to sell to Canadian pharmacies that export to the United States has come true. Today’s Wall Street Journal Reports ($): “Canadian internet pharmacies are refusing to back down as big drug makers intensify their battle to block exports of cut-price drugs to the
The Guardian has launched a website advocating the abolishment of all agricultural subsidies in Europe and the US. Although replete with historical inaccuracies, (e.g., “Giving subsidies to farmers was a brilliant idea that transformed the food shortages after the second world war into a surplus.”) the newspaper’s sudden discovery of free trade
From a 1982 article appearing in the New York Times, “A Nobel Winner Assesses Reagan”: “The only way you can finance a deficit is by inflation. You cannot raise this amount by genuine borrowing. You borrow from banks, which create credit for the purpose. A large government deficit is a certain way to inflation.”
Trade With China Is Heating Up As a Business and Political Issue (WSJ): “Although many U.S. corporations are seeking to tap into China to make and sell their products, a lengthening queue of U.S. industries are petitioning the government for relief from Chinese imports; more than one-fifth of the cases in which U.S. companies accuse overseas
US textile groups seek China quotas (China Daily): “US textile producers will ask the Bush administration to impose emergency import quotas on four categories of apparel from China, a textile industry official said on Wednesday. The United States was required to eliminate import quotas on China in 29 different apparel categories when Beijing
The Bush Administration’s political pandering to the manufacturing sector (apparently now called the “American worker”), has finally escalated into a trade war. After the Wall Street Journal today reported that a quota had been enacted against bras coming from China, the Financial Times wrote this: “China on Wednesday reacted angrily against a US
From the WSJ ($): “The Medicare prescription-drug law passed late last year is having a healthy effect on the outlook for corporate finances. Within the past few weeks, a handful of large companies have reported they expect to collectively save more than $2.5 billion over time, thanks to the new government subsidy for employers that offer
I was surprised to read this morning that the Environmental Protection Agency has decided that over 150 million Americans--more than half the population--breathe air that is below federal air quality standards. You’d think that if over half the country was coughing and wheezing it up on its way to work each day there would be a national outcry.
Nicholas Kristof, in todays NY Times (registration required): “...Communism is fading, in part because of Western engagement with China — trade, investment, Avon ladies, M.B.A.’s, Michael Jordan and Vogue magazines have triumphed over Marx. That’s one reason we should bolster free trade and exchanges with China, rather than retreating to the
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.