Mises Wire

It is hardly a relief for British households that £100 worth of consumer goods will now cost them around £99.90, when other prices in the UK economy are experiencing a rapid inflation. 

On calls for protecting Fed "independence" in the name of controlling inflation: "This is the Johnny-one-note of the Fed’s defense of its unbridled power."

Uber, Lyft, and similar rideshare companies represent a direct threat to state-controlled taxi cartels and their (increasingly unsellable) medallions.

Medicine has gone the way of economics in preferring aggregates to specifics, although such methods do little to explain the needs of individual patients. On the other hand, the turn toward large-scale aggregation does help the government to centrally plan health care policy.

Mario Rizzo suggests that if you want to be remembered as an economist, you should be an Austrian.

The New York Times reports on how the Japanese internment camps are passing out of living memory, and how imprisonment impacted the economic and physical lives of the prisoners. 

Are bees really dying off, and can the government solve the problem? 

Mises Daily Friday by Christopher Casey:

It is now commonplace for governments to measure economic prosperity with GDP metrics. Numerous arbitrary rules and faulty assumptions behind these measures, however, skew our view of how economies grow and living standards improve.

Today's is Joe Salerno's birthday. He is an outstanding Austrian economist and Academic Vice-President of the Mises Institute.

Mark Thornton speaks with Albert Lu about the recent violence in Ferguson and Baltimore and what can be done. Dr. Thornton discusses this in his most recent article, found here.