The Problem Isn’t Overproduction — It’s Malinvestment.
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 Wire
Mises Daily Friday: Seven Changes Needed in Baltimore and Ferguson Right Now
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: Financial Warfare and the Declining Dollar
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.
Mark Thornton on the US Trade Deficit
Dr. Thornton appeared this week on Press TV to discuss the recent jump in the US trade deficit.
Where’s the Austerity?
Krugman and Stiglitz think that massive spending increases constitute "austerity."
Arenas, Stadiums, and Glitzy Shopping Centers: Baltimore and Keynesian Trickle-Down Economics
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.
Today: Napolitano, Stockman, and Grant at the NY-Area Mises Circle (Listen Live)
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.
Mark Thornton on the Flat Tax
Mark Thornton discusses Ted Cruz's new tax proposal, flat taxes, and proportional taxes on Newsmax TV.
The Consequences of Prohibition (of Knives)
The Baltimore police now imply Freddie Gray's arrest was necessary because he was carrying an illegal knife. But why are taxpayers paying the government to arrest people for carrying knives? What about the right to bear knives?
Private Sector to Begin Ferry Service to Cuba
Why haven't people been ferrying goods to Cuba until now? Because any entrepreneur seeking to do such a thing faced heavy fines and even imprisonment under US federal law.
