Mises Wire

Max Ehrendfreund thinks the world is producing too much of things like oil and cotton. But how does he know what "too much" is? Without the price system, it's impossible to know. 

Mises Daily Friday by Mark Thornton:

Communities like Baltimore and Ferguson have been crippled by government regulations and the American nanny state. Now is the time to allow local residents to break free of government wage controls, government schooling, and government prohibitions.

Mises Daily Thursday by Ryan McMaken: 

With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own "Suez moment" in which foreign regimes can nullify American foreign policy without firing a shot.

Dr. Thornton appeared this week on Press TV to discuss the recent jump in the US trade deficit. 

Krugman and Stiglitz think that massive spending increases constitute "austerity." 

The Keynesians who run Baltimore thought a bunch of high-priced, taxpayer subsidized stadiums and shopping centers would fix the local economy. It didn't. 

Lew Rockwell and Jeff Deist invite you to join them at the Mises Circle on Thursday, May 7 with talks by a compelling slate of speakers: James Grant, Judge Andrew P. Napolitano, David Stockman, and Joseph Salerno.  Listen LIVE here at 1:30 PM EST. 

A new Polish translation of Hans-Hermann Hoppe's A Theory of Socialism & Capitalism (Teoria socjalizmu i kapitalizmu), is now available here from the Mises Institute of Poland.  (translated by Paweł Nowakowski).

Janet Yellen See Stock Prices Are High, but She Sees no Bubbles

Mark Thornton discusses Ted Cruz's new tax proposal, flat taxes, and proportional taxes on Newsmax TV.