Political Entrepreneurship and the Economics of Wealth Destruction
Recorded at Mises University 2016.
Recorded at Mises University 2016.
It took a heroic local news anchor from Fargo, North Dakota, to expose that crony capitalists have banded together in a "nonprofit" foundation to bribe the political classes of small U.S. cities.
The Big Short is a pretty good movie, but there are a few things it leaves out.
The world waits to see if next week is finally the week that the Fed announces its rate hike. Can the economy survive whatever small bump the Fed deals out? Perhaps, but that won’t change the inherent instability of our current monetary regime.
The sugar industry and the corny syrup industry have been fighting in court. But don't be fooled. Ultimately, the two industries are happy to help each other out in order to keep their own crony-capitalist arrangements in place.
Strange centennial somehow makes sense in the world of Leviathan.
There were many state and local elections in the US this week, but few of them will result in anything that will combat widely held and popular errors about central banking, drug prohibition, and the global environment.
UPDATE: The fact that marijuana legalization ballot measure (Issue #3) failed in Ohio is not an indication that legalization is not supported by the people. It was because they rejected government monopoly of pot growing as shown in the victory in the passage of Issue #2 which bans such monopolies. Its a great libertarian victory overall.
Historically, reserve currencies have arisen without the help of the IMF, but we’re now witnessing a situation in which the IMF may declare the Chinese yuan a “reserve currency” as part of a larger game by global elites to manipulate global exchange rates.