Mises Wire

The quality of economic journalism in the United States is terrible.

A couple of careful readers wrote to inform me that the Louisiana law banning secondhand dealers from engaging in cash transactions, which I implie

A friend cheekily reminds me that today is National Pecan Day and innocently suggests that I might want to “

So what is actually behind the push to maintain SNAP in its current form? Mr. Vilsack reveals this—it is Big Food, as represented by the National Grocers Association and the Food Marketing Institute—along with all other secondary beneficiaries from the spending.

With the passage of House Bill 195 into law, the State of Louisiana has

Stephen Mauzy, in a post The Chimera of Intrinsic Value, has a problem with the concept of intrinsic value when applied to investing.  Mauzy makes a couple of false steps in reaching his conclusions.  The statement that "all value is subjective" is potentially misleading because it obscures an important distinction.  And the notion of estimating the economic value of investment goods as something that only value investors do ignores its role in all entrepreneurship.

In its latest fund-raising ploy, NASA claims the ability to predict an event that will definitely happen ten years from now. 

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Mises Daily Wednesday by Julian Adorney:

When it comes to romantic relationships, people ruthlessly discriminate and make an endless number of subjective judgments. Most agree that it is absurd to regulate these relationships while not realizing that the same is true of all business relationships as well.