The Gulf Coast received hundreds of millions in foreign aid last year after Hurricane Katrina devastated the area. But, what happened to all that money? “One year later, the fate of international disaster assistance has turned into a tale of inept bureaucracy, diplomatic bungling, and unspent cash.” Shocking scenes of devastation resulted in
When Professor Reisman reveals, in his latest blog entry , that Mises told him that the value of a (specific?) produced means of production is set by its costs, was this any more than a shorthand way of warning against a adopting an overly simple, one-stage act of discounting backwards when the calculation actually rests within a much more highly
Since V for Vendetta garnered much interest on this site, I thought people would be interested in Aaron “Hollywood” Russo’s new documentary: America: Freedom to Fascism . Readers of Murray Rothbard’s History of Money and Banking in the United States , and his What Has Government Done to Our Money? will be familiar with some of the material. Even
The BBC News Magazine asks if the nation state is under threat from the rise of the super-city? The author seems to hope against this decentralization as he clings to his nationalist sentiment. But, at least he is willing to ask the question. Sociology Professor Richard Sennett at the London School of Economics is one academic that has recognized
Morality knows nothing of geographical boundaries, or distinctions of race. You may put men on opposite sides of a river or a chain of mountains; may else part them by a tract of salt water; may give them, if you like, distinct languages; and may even colour their skins differently; but you cannot change their fundamental relationships.
The Financial Times reports that: “’Ethical’ coffee is being produced in Peru, the world’s top exporter of Fairtrade coffee, by labourers paid less than the legal minimum wage. Industry insiders have also told the FT of non-certified coffee being marked and exported as Fairtrade, and of certified coffee being illegally planted in protected
The New York Sun reports on the Middlebury Institute . A think tank devoted to the study of separatism, secession, and self-determination that is planning the First North American Secessionist Convention in Burlington, Vt. According to the Middlebury Institute web site, responses have come in from “Hawaii Nation, Alaska Independence Party, League
...And why the free market is already removing this “toxic” substance from your diet: America’s fast-food chains, whose foods are among the most laden with trans fats, are moving toward voluntary reduction. Wendy’s International has reduced trans fats by switching to a different cooking oil, while McDonald’s has been trying since 2002 to reduce
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.