I live a short drive from work. Due to growth in the area, rush-hour traffic occasionally reduces my afternoon commute to a walking pace. And sometimes it gets even worse. At issue are a traffic light and the stretch of road leading up to it from the south. The sketch approximates the situation. The road has three lanes: a northbound lane, a
As a former competitive cyclist (not to be confused with world-class cyclist), I have opinions about other cyclists and on cycling in general. In particular, I have strong opinions of Lance Armstrong. Now I am not an Armstrong fan — far from it. My reasons are personal, related to how I feel Armstrong (someone I have never met) has treated those
In the absence of prices, could a central planner efficiently run an economy? Before you answer, I’ll drop the Hayekian proviso that the planner be vile. Instead, I’ll only ask you to consider a planner who is a soccer mom wanting to maximize happiness among all. Would you still answer in the negative? I live in a neighborhood that has an
If I were a business owner, must I sell to you? If you answer yes, you must balance that requirement with your obligation to buy from me. All trade is bilateral. Well, to be more exact, and since we live in a country where a nebby uncle named Sam interferes in many trades, it is better to state that all free trade is bilateral. In a modern
Due to Obamacare, my health plan has become something other than insurance. It is now, for the most part, nothing other than a wealth transfer scheme to benefit the politically connected over others. In order to identify the difference between health insurance and government-mandated health care coverage , we can look to Human Action , in which
Traveled to a big city lately? If so, you must have gotten words of wisdom from someone close to you. Advice, such as: do not walk the streets after dark; and, beware of pickpockets. Sound advice indeed. However, let us look closer to what is being said, and what is not said. Your sage friend is really stating that you must be careful on public
Un nuevo estudio sugiere que las escuelas privadas no son intrínsecamente mejores que las escuelas públicas. ¿Sorprendido? Suficientes personas eran tales que el estudio, financiado por el Departamento de Educación de los Estados Unidos, ha creado un gran revuelo en el ámbito de la educación, así como en las noticias nacionales . Pero quiero
El intercambio en el mercado no se basa en el requisito de que ambas partes valoren los bienes que van a ser intercambiados a igual valor. En cambio, el intercambio en el mercado se basa en que ambas partes se benefician de una valoración recíproca y desigual de los bienes que se intercambian. Un ejemplo de mi juventud: Durante mis años de
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.