10. New polls indicate that 83% of Americans are in favor of legalized medical marijuana, 58% are in favor of legalized recreational marijuana. 9. Study shows that pot smokers are skinnier. 8. It was scientifically confirmed that chemicals in marijuana kill certain deadly cancer cells. 7. Low potency marijuana helps kids with debilitating
Thanks to Felix Salmon for quoting me in his take-down of this embarrassing NYT piece on Craig Pirrong and Scott Irwin, two well-known economists who study commodity-market speculation. Basically, the reporter dislikes speculation (which he clearly doesn’t understand), so he assumes any expert with a different view must be a hired gun for various
This interview with Walter Block is a little old (May 2013), but we haven’t linked to it before. Some highlights of the interview include: Block contrasts Austrian economists as philosophers compared to “ normative “ economists which he characterizes as ethicists and empiricists. He highlights praxeology, the study of human interactions, as a
The always interesting and informative Richard Ebeling is doing regular commentary at EPICTiMES . His most recent is “ Don’t fear Deflation, Unless Caused by Government .” Here Ebeling effectively refutes arguments made by Bernanke and Yellen that the Fed’s massive monetary base expansion was necessary to fight recession and prevent deflation.
Philipp Bagus and Andreas Marquart have co-authored a new introductory text on monetary policy for German-language readers. Here’s a brief description: In Warum anderen auf Ihre Kosten immer reicher werden - und welche Rolle Staat und Papiergield dabei spielen (transl. Why You Pay For Others to Get Richer - And What the Government and Paper Money
p>My replacement at Metro State, Nicolas Cachanosky, continues to write interesting, challenging papers in the Austrian tradition faster than those of us used to the slower pace of retirement can read them. His most recent is “ Hayek’s Rule, NGDP Targeting, and the Productivity Norm: Theory and Application. ” Cachanosky notes: The 2008 crisis
by Llewellyn H. Rockwell, Jr. As 2013 draws to a close, let’s pause to recall some important developments for the cause of liberty – some of which you already know well, and others you’ll be hearing about for the first time. Edward Snowden . After sitting on the Bush-era warrantless wiretapping story for 18 months, the New York Times revealed a
I refer of course to the Catholic theologians known as Saint Thomas Aquinas and Saint Augustine, both of whom concluded that the immorality of prostitution was not sufficient to justify a prohibition of the practice by civil governments. I was reminded of this recently when I encountered the reaction to a recent column written by Bobby Jindal, the
I refer of course to the Catholic theologians known as Saint Thomas Aquinas and Saint Augustine, both of whom concluded that the immorality of prostitution was not sufficient to justify a prohibition of the practice by civil governments. I was reminded of this recently when I encountered the reaction to a recent column written by Bobby Jindal, the
Buried in Kevin Warsh’s “ Finding Out Where Janet Yellen Stands ” in today’s Wall Street Journal, where Warsh “highlights─and then questions─some of the prevailing wisdom at the basis of current Fed policy”, is a short statement which illustrates the growing, but seldom acknowledged, influence of the ideas of Mises and Hayek on current thinking on
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.