Mises Wire

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.

Join us at our Auburn, Alabama campus or live online for a seminar covering money, where it comes from, what governments do to it, and where it's going in the future.

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

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.

In an excellent article for The New Republic, April 6, 2015, “Rand Paul Will Break Republican Hearts, Just Like Reagan Did,” the Canadian journalist Jeet Heer displays a knowledge of libertarianism rare among mainstream journalists.

Congratulations to former Mises Fellow David Sanz Bas for being named the new Dean of Social Science & Law at Catholic University of Avila!

Patrick Barron has said in an interview conducted by Merlin Rothfeld and John O'Donnell (both GEI contributors) on Power Trading Radio that he believes Germany should leave the European Union, reinstate the Deutschmark and declare itself a free-trade nation.

Mises Daily Tuesday by Benjamin Wiegold:

The US, Russia, Canada, Denmark, and other states are racing to take control of the Arctic Ocean. Outside of a few tiny outposts, however, these states have never "homesteaded" the region, so their claims of true ownership are fanciful at best.

Some candidates are attempting to make friends with free-market voters, but there are still plenty of voters for whom free markets are like poison.