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.
Thanks to 2014 Mises Summer Fellow Jingjing Wang, who translated Randall Holcombe's 15 Great Austrian Economists (AKA The Great Austrian Economists) into Simplified Chinese.
Mises Daily Friday by Ryan McMaken:
Conscription has become an issue in Ukraine where young men are attempting to avoid compulsory military service. But Ukraine is not unique, and states across the globe and throughout history have imposed the 100-percent tax known as "the draft."
If Senator Sanders was truly concerned with protecting the most vulnerable in society, he would be a leading advocate for repealing the minimum wage.
The Austrian Economics Research Conference began this morning. Here are some first photos.
For more photos, see our Facebook page, Twitter feed, and Instagram page.
Mises Daily Thursday by David Gordon:
George Kateb's new book, Lincoln's Political Thought , is an important addition to Lincoln scholarship. Kateb appears to understand that Lincoln was more of a nationalist than a moral crusader, although Kateb's conclusions about the Civil War inspire skepticism.
