This MSNBC article notes how the price of wheat is being driven up not just by the devaluation of the dollar, but by “increased demand” for ethanol. The article fails to mention that the demand for ethanol has not just magically increased on its own, but has increased only because massive government subsidies have made it more relatively
Going to journalism school does nothing to prepare journalists to write on economics and finance, and not surprisingly, it is exceptionally difficult to find people who are both excellent writers and knowledgeable about economics. Henry Hazlitt is of course a notable exception (he never went to college) as is James Grant. (Grant, by the way has a
Jeff Deist’s recent interview with Brian Doherty on Mises Weekends reminded me of his 2012 book Ron Paul’s rEVOLution , which I originally reviewed at The Independent Review : [ Ron Paul’s rEVOLution: The Man and the Movement He Inspired , by Brian Doherty] Reviewed by Ryan McMaken Only five years have passed since Ron Paul began to put together
world cup - http://bastiat.mises.org/2014/02/terrible-idea-have-the-super-bowl-and-2016-gop-convention-in-denver/ http://www.citylab.com/design/2014/08/10-years-later-here-are-the-remains-of-athens-olympic-games/375808/
Q: How can you tell economists have a sense of humor? A: They use decimal points. The more precise the number the bigger the lie The more manipulation, the seasonal adjustment, - use the most simple number possible - don’t use the seasonally adjusted number. Just compare year over year.
When we hear of police abuse and anti-police protesting as we are now seeing in Ferguson Missouri, it is always helpful to keep one fundamental fact in mind: modern police are a monopoly organizations. As with all monopolies, the cost of government police will grow ever higher as the quality of service goes ever downward. Not subject to
Often when discussing libertarian societies, the point is made that truly free markets do not exist in the world. It is important to note that this is not like the argument made by Marxists which is that Marxism would have worked had it been truly tried. In other words, they blame the fact of Marxisms failure on teh fac tthat it has never been
“On July 8, 1853, Commodore Matthew Perry of the United States Navy, commanding a squadron of black-hulled frigate steamers, sailed into Edo (Tokyo) harbor. When the Japanese refused to allow the Americans come into the port, Perry threatened to fire on coastal cities. Perry ordered his ships to steam past Japanese lines towards the capital of
In the real world, managing a budget is all about setting priorities. Money is a scarce resource and must be spent on those items that bring the best returns.
http://www.forbes.com/sites/joannmuller/2014/08/20/americas-car-capital-will-soon-be-mexico/ http://en.wikipedia.org/wiki/Port_of_L%C3%A1zaro_C%C3%A1rdenas - the huge Pacific
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.