Mises Wire

The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”

Is the Coast Clear? I don't think so.

There are many risks to the dollar out there, but a more valuable euro isn't one of them. 

John Denson's A Century of War has appeared in German translation and has sold 4,000 copies.

The BBC reports the government of Iceland has announced it is no longer seeking EU membership for the North Atlantic state.

Skyscrapers Selling at Superlative Prices

Joseph Salerno Interviewed on Gold Standard, Fiat Money...

Interviewed by Albert Lu, Mark Thornton breaks down NASDAQ’s recent 5000-mark performance, including what’s behind the movement and what it reveals about the possibility of a biotech bubble in our economy. He also discusses the existence of other ongoing bubbles and what we can expect to happen. Dr. Thornton frames his analysis using the Austrian theory of business cycle.

In my recent article on net neutrality, I explained that more FCC control of the internet merely invites more control from powerful interest groups. Now, we know more about which interest groups are presently exercising power since, as The Daily Caller notes, the FCC regs favorably cite the anti-free-market left-wing Soros-funded group "Free Press" 62 times. 

Tune in today at 1:30 central time for the FA Hayek Memorial lecture delivered by Patrick Byrne of Overstock.com. The live stream is here. 

Then, join us for the "Next Generation of Austrian Economics" panel at 4:30 central time. The live stream for that is here.