Mises Wire

EcPoFi recaps last year's development of the True Money Supply (TMS), a monetary aggregate developed by Murray Rothbard and myself in the 1980s.

While insisting on prison and fines for peaceful Americans who only wish to engage in free trade, supporters of embargoes like the Cuban embargo have never made a convincing case for why taxpayers, merchants, and consumers should be forced to forego their property rights and bear the costs of the embargo’s war on free trade.

Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of how government sabotages entrepreneurs and hurts their customers.

... is that you know who your enemies and opponents are.

Just in case you have any thoughts that people at the Fed might have become slightly less dovish on inflation, rest assured, they have not. 

As of this week, when Eurozone price inflation reached negative levels, ECB's Mario Draghi decided to throw caution to the wind and brace “for further measures, which could, if needed, be implemented in a timely manner”. Estimates for the European QE program are around €500 billion, but the overall size and timescale will most likely remain open-ended.

Mises Daily Thursday by Finbar Feehan-Fitzgerald.

Some observations from others...

The film’s most redeeming quality can be found in the fact that it makes the US intelligence apparatus look useless and inept.