Many academic economists are beginning to worry: Could the Federal Reserve itself become insolvent? In this article I'll explain these fears and I'll argue that the Fed, with its printing press, cannot really go bankrupt the way other corporations can.
Too many people are paying too much for schooling they don't need. But the machinery is in motion, and, even though the bubble in academia is well-known, personnel and resources are still being directed toward it at an incredible rate.
Recorded at the Mises Circle at Furman University, November 13th, 2010.
The Mises Wiki provides an exciting outlet for young Austrian scholarship. A wiki encyclopedia can grow beyond what it was originally intended to be, its growth limited only by the vision of its community. The future is here, and you are invited to take part in its unfolding.
Though he devoted much of his life to writing, editing, publishing, and political activism, it isn't really for any of these activities that Jo Labadie should be remembered fondly by libertarians in the 21st century.
The trouble with nullification is not that it is too "extreme," as the enforcers of opinion would say, but that it is too timid. But it gets people thinking in terms of resistance, which has to be a good thing, and it defies the unexamined premise of the entire political spectrum.
"Finally, everything fell into place, primarily from Rothbard and Misesian theory. I found that this issue is difficult, but once you see it, it's one of these issues that sets peoples' minds on fire. It frees you to think about other things in different ways."
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 9 October 2010.
Caplan could just as easily have written, "An optimal solution to education would actually involve gang members randomly beating up college freshmen." I am not exaggerating. Caplan's statement is literally equivalent to my own suggestion.
