Homer Economicus Hits the Bigtime
Homer Economicus is the subject of a question on the TV show "Who Wants to Be a Millionaire?"
Mises Wire
Mises Daily Wednesday: The Problem with Government Prosecutors
Mises Daily Wednesday by Michael N. Giuliano:
The rise of government prosecutors in the US and Britain since the nineteenth century has led to many new forms of prosecutorial abuse and expansive government power. The older tradition of privately-initiated prosecution and restitution may offer a way out.
Mises Daily Tuesday: Is the Keynesian Multiplier a Real Thing?
Mises Daily Tuesday by Frank Shostak:
The Keynesian multiplier would have us believe that economic growth can come from an increase in demand and spending. But if we look more closely, we find there is never a shortage of demand, and what an economy really needs to expand is more saving.
Hendrickson Dissects Piketty’s Capital in the Twenty-First Century
Economist Mark Hendrickson has written an accessible short book that examines some of the biggest flaws found in Thomas Piketty's Capital in the Twenty-First Century.
Mises Daily Monday: Extorting Low-Income Individuals to Help “the Poor”
Mises Daily Monday by Gary Galles:
Many poverty relief laws and policies are premised on the assumption that only "the rich" will bear the costs. In fact, the incomes and well-being of many low-income individuals are taxed and diminished to benefit a nebulous group known as "the poor."
A Lunch Break in an Alternate Universe
What if the government ran hair salons and the private sector provided auto registrations? Needless to say, getting a haircut would be a harrowing and soul-crushing experience. Meanwhile, registering your automobile would be another matter entirely.
Mises Daily Weekend: A Lunch Break in an Alternate Universe
Mises Daily Weekend by Jonathan Newman:
What if the government ran hair salons and the private sector provided auto registrations? Needless to say, getting a haircut would be a harrowing and soul-crushing experience. Meanwhile, registering your automobile would be another matter entirely.
On F.A. Hayek’s 116th Birthday
Today is the 116th anniversary of Hayek's birthday. Peter Klein summarizes his contributions in under 4 minutes here. Also, it's 20% off all Hayek books and memorabilia in the Mises store.
Free Trade Benefits vs. Fears of Foreign Goods
What should be most clear is that the Trans-Pacific Partnership is not a free trade agreement. Parts of it may, no doubt, lower some trade barriers, thus making easier the production, sale and purchase of a wider variety of imports and exports. However, TPP, like all other trade agreements in the post-World War II era is a managed trade agreement.
