Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of how government sabotages entrepreneurs and hurts their customers.
... is that you know who your enemies and opponents are.
Just in case you have any thoughts that people at the Fed might have become slightly less dovish on inflation, rest assured, they have not.
As of this week, when Eurozone price inflation reached negative levels, ECB's Mario Draghi decided to throw caution to the wind and brace “for further measures, which could, if needed, be implemented in a timely manner”. Estimates for the European QE program are around €500 billion, but the overall size and timescale will most likely remain open-ended.
Mises Daily Thursday by Finbar Feehan-Fitzgerald.
The film’s most redeeming quality can be found in the fact that it makes the US intelligence apparatus look useless and inept.
A French students writes on today's violent attack on French journalists.
