This is just the latest empirical example backing up William Anderson’s arguments showing that water is distributed by political means. But it also shows that very little is used by the suburbs even though one of the central talking points of the environmentalist left for years has been that urban “sprawl” itself a result of government
“In Defense of Flash Trading” by James E. Miller As society and technology progress, the instantaneous sharing of knowledge and information is not something to fear but to celebrate. In a world where capital moves at the speed of light, flash trading ensures that resources will continue to meet more deserving hands and be put to more efficient
Ever since the current depression began, the Fed and most Washington politicians have assured us that quantitative easing, low interest rates and stimulus spending would all combine to set the state for real estate to “lead us out of the recession.” As far as I can tell, this theory is based on the idea that if real estate values can be
The New York times recently noted that “Economy Faces a Jolt as Benefit Checks Run Out.” Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics By the end of this year, however, many of those dollars are
Back in September, Bob Murphy described the “recovery” like this : Let’s say you are running and then break a leg. You have to crawl now, but you develop that skill and are able to get from here to there. Are you in recovery from the accident? According to the NBER, yes — so long as you are crawling faster than when you first hit the ground in
One of the benefits of the present depression is the fact that the voters are grumpier than usual. It’s hard to care about your carbon footprint when you don’t have a job, and it’s now even possible to criticize the federal reserve without being deemed insane. Yet now, even the most hallowed government-corporate scheme of all, taxpayer-funded
It turns our that after the voters of Colorado Springs rejected a tax increase for the city, the city’s politicians ordered their public relations staffers to bad mouth the city and to cast a negative light on the city in national media. Basically, since they didn’t get their tax increase, the politicians were determined to make the city look as
The AP reported today that the homeownership rate declined to 65.1 percent during 2010, which is “the biggest drop since the Great Depression.” However, in order to return to a more normal rate of homeownership, the present rate needs to drop even more. According to the Census Bureau’s quarterly estimates of the homeownership rate ( found here ),
Leftist political humorist Calvin Trillin once noted, “sooner or later, every president makes you nostalgic for his predecessor.” Now, halfway through Obama’s term, it looks like the conservative pundits are happy to help this process along as best they can. One such tactic they’re using these days is to blame Obama for some of the massive
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.