Since neither Left nor Right have a serious answer to police malfeasance, we asked the inimitable Bob Murphy to join us and make sense of how private defense agencies might work in an anarcho-capitalist society.
Mises Daily Tuesday by Frank Shostak:
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.
Mises Daily Tuesday by Matt McCaffrey: "The Mises fellowship has been the single most important influence in my development as a scholar," writes Matt McCaffrey.
Are Rising Subprime Mortgages a Small Sign of Big Things to Come?
In Europe so far; Germany has been repatriating gold since 2012 from the US and France, The Netherlands has repatriated 122.5 tonnes a few weeks ago from the US, soon after Marine Le Pen, leader of the Front National party of France, penned an open letter to Christian Noyer, governor of the Bank of France, requesting that the country’s gold holdings be repatriated back to France, and now Belgium is making a move.
Mises Daily Monday: James Grant Explains "The Forgotten Depression".
Matthew Feeney writes on the Cato Institute blog about taxi deregulation. As expected, Feeney comes out in favor of deregulation, but also—which should perhaps be equally expected—manages to completely undermine the case for the market.
Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?
The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.
Mises Daily Weekend by David Gordon: Thinkers Who Challenged the State
This essay is adapted from David Gordon’s talk at the Costa Mesa Mises Circle. Click here to register for January’s Houston Mises Circle.
