Iowa Troops Bring Billions from Iraq (AP): “The United States has seized billions of dollars in U.S. currency from Iraq, but some of that money can’t be used to reconstruct the war-torn country because the bills are in too large of denominations. The U.S. government is shipping some of the money to America to be changed into smaller bills; then it
Terror Betting Dropped (Sky News): “The Pentagon has abandoned plans to set up a ‘terror stock market’ in which investors could bag cash by successfully predicting terrorist attacks. US defence chiefs had hoped the market would have been a valuable tool in second guessing when terror strikes would occur.” See also Google News for Terror Stock
Contrary to the War Party’s prediction that the Saddam capture would solve all that ails us, Robert Samuelson writes: “The Saddam rally was a bust. If you expected the tyrant’s capture to boost stocks or the dollar, you were disappointed—and therein lies a story. A great drama is now unfolding in the world’s money markets. In 2003, the United
The proposal to redistribute Iraqi assets to the population, put forward by Vernon Smith , raises many more questions than it solves; e.g., doing so involves international social engineering, albeit in an allegedly ‘free market’ direction; the social engineering raises in turn the matter of by what right US authorities rearrange other nations’
According to the Tullahoma News , meth labs are everywhere, and lawmakers are getting out their legislative blunderbuss to address the problem. Now, I don’t live in Tullahoma, and I don’t know the extent of the problem. I just ran across the article in a global scan of newspapers that are sometimes interesting. Great. More legislation, problem
The question has come up about the economic fallacies buried in the Parker Bros. game “Monopoly”, and it got me thinking. How about a “Territorial Monopoly of Protection” game? Everywhere you land on the board, you go to jail, pay a fine, get regulated, conscripted, or lectured by minions of the state. Your only way to “win” is to land on the
For those whose interest in Ricardo has been stimulated by the ongoing trade discussion, Murray Rothbard discusses this on pp. 94-99 of Classical Economics: An Austrian Perspective on the History of Economic Thought, vol. II (Cheltenham, UK: Edward Elgar, 1995), arguing on the basis of new research by William O. Thweat, that Ricardo made no real
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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.