Chiomsky uses banks as an example — but the banking industry has huge barriers to entry - he faults banks for having bad customer service. But why should they have good customer service? If they become insolvent, as they have done — they’ll just be bailed out. Chomsky seems to be under the impression that banks are working within a market
Eric Peters discusses with Jeff Deist the automobile as a symbol of libertarian autonomy, why statists love public transportation, how moronic government regulations make all cars look the same, and why you should buy an old V8 or an old motorcycle while you still can. Also available: iTunesU: https://itunes.apple. com/us/itunes-u/mises-
According to the BEA’s press release today : Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- decreased at an annual rate of 2.9 percent in the first quarter of 2014 according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter of
Alasdair Macleod makes a sensible recommendation. This article originally appeared on City A.M. : “A free market case for independence: Let’s make Scotland like Hong Kong” by Alasdair Macleod In September, Scottish residents will vote in the independence referendum, following months of intense political debate between the Yes and No campaigns.
Jessica Pavoni explains how she came to know Mises, Rothbard, and the rest: At that point, Hubby and I had more than six deployments between us, so we were credible listeners. Even more impressive: here was a guy [Ron Paul] who wasn’t toeing the party line, wasn’t kowtowing to pressure, and was actually speaking common sense! Look up any video of
Steve Patterson explains how he evolved “from conservative to anarchist”: [Ron Paul] was consistent, and he kept coming back to the following principle: what is the proper role of government? Before we argue about cutting 10% of the Department of Education’s budget, shouldn’t we discuss whether or not it should exist in the first place? Is it
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Whenever you see the words “Lockheed Martin” you should think “taxpayer-funded cronyism,” so when I saw the recent Drudge headline that read “LOCKHEED seeks to clean up space...” I mentally added the clause “with money stolen from taxpayers.” The space junk crisis is apparently the latest looming global disaster that requires a government
Axel Kaiser at Mises Brasil has penned a helpful update on the situation in Chile where socialist president Michelle Bachelet was elected to a second non-consecutive term in Chile. Bechelet’s second term appears to be far more ambitious in its efforts to introduce a series of socialist programs and reforms, and it certainly looks to be far more
Lew Rockwell talks to Tom Woods , who was guest-hosting the Peter Schiff Show, about his days as Ron Paul’s chief of staff in DC.
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