In a Bloomberg report today, “Economic Recovery Is Languishing as Americans Await Signal of Better Times,” Peter Coy casts about for explanations for why the economy is not in recovery, and ends with this offer: A Nobel prize goes to whoever can end this routine and get America growing again. OK, Mr. Coy, send...
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Here is Independent Institute Senior Fellow Robert Higgs speaking on “Ethanol Subsidies Have Many Bad Consequences,” from the Mises Circle seminar, “Agricultural Subsidies: Down on the D.C. Farm,” held May 14th in Indianapolis. Download audio file (27:51 minutes) Please also see the following books: Plowshares & Pork Barrels: The Political Economy of Agriculture, by...
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“Fight of the Century: Keynes vs. Hayek Round Two” is the superb and very timely sequel to the phenomenally successful and insightful, rap video pitting the views of macroeconomist John Maynard Keynes against those of Austrian School economist Friedrich A. Hayek, “Fear the Boom and Bust.” The original has attracted to date more than...
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Friedrich Hayek, the Nobel-prize-winning Austrian economist (and now YouTube sensation), upheld economic competition and opposed government policies that reduced it. In his surprise bestseller, The Road to Serfdom, he argued that central planning would undermine competition, hamper the economy, and lead to pressures for more and more measures that would enhance the power of...
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The Wall Street Journal reports that the State of Michigan will soon make practicing massage without a license a felony. In the age of Yelp, why the explosion of state licensure? After all, if a masseuse is no good, word will soon get around, and it’s difficult to comprehend, in any event, just how...
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In a roundtable discussion on the U.S. National Commission on Fiscal Responsibility and Reform (“Deficit Reduction Commission”), Nobel Prize laureate and hyper-Keynesian economist Paul Krugman came clean on his view on ABC’s “This Week with Christiane Amanpour,” regarding how to reduce the gigantic federal deficit that he has been so supportive in seeing created:...
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2000 watt camping generators are advertised at Aldi for about $150. That got me thinking about ways to evade price gouging laws in Gulf Coast states. Rather than speculate, I sent the following email to Florida Attorney General Bill McCollum via his website: Greetings, This is not a complaint. I hope you can assist...
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