Sorry to say, there’s not much that’s new. “The CIA was asleep, the FBI was asleep, the FAA was asleep,” James Woolsey told Chris Matthews on MSNBC on the night before the release of the September 11 Commission’s final report. “The rubber never met the road,” explained Woolsey, CIA chief during the first two years of the Clinton administration,
Greed for political power can be more harmful to a population’s overall well-being than the capitalist “greed” an entrepreneur might have for a larger market share or the “greed” a worker might have within capitalism for a larger income. As a case in point, recent disclosures about the level of corruption and fraud related to the relief efforts
In 1959, Soviet Premier Nikita Khrushchev and Vice President Richard Nixon walked through a replica of a six-room American ranch house that was on display at the American National Exhibition in Moscow. As the two superpower leaders entered the kitchen area, Nixon pointed to the dishwasher and said, “In America, we like to make life easier for
With all the trouble the Bush administration is in, both domestically and internationally, you’d think the Democrats could come up with something better as an election strategy than an anti-business crusade. Sen. Joseph R. Biden, a likely Democrat presidential candidate in 2008, launched the following salvo against Wal-Mart, the nation’s largest
Emma Goldman, a young shopkeeper in 1892, was serving a customer in her ice cream parlor in Worcester, Mass., when she got the latest news about a labor strike in Pittsburgh. As she explains in her autobiography, “Living My Life”: “One afternoon a customer came in for an ice cream while I was alone in the store. As I set the dish down before him,
There’s not a lot of money in Zanesville. Nearly a quarter of the Ohio town’s population, 22.4 percent, is living below the poverty line, including 32.3 percent of those under 18 years of age. That’s nearly double the national poverty rate, officially reported by the Census Bureau last August as 12.3 percent overall, nationwide, and 17.4 percent
The so-called ‘Bridge to Nowhere’ in Alaska became a national joke in 2005 after ABC’s ‘20/20’ put the spotlight on this particularly fat slice of pork. The proposed bridge, since cancelled, was to replace a ferry that runs every 15 minutes or so between Ketchikan, a small town on the island of Revillagigedo, and Gravina Island. The ferry ride, $5
It was a dead heat. General Motors sold 9.37 million vehicles worldwide in 2007 and lost $38.7 billion. Toyota sold 9.37 million vehicles in 2007 and made $17.1 billion. That was the second best sales total in GM’s 100-year history and the biggest loss ever for any automaker in the world. For Toyota, that was roughly $1,800 in profit for every
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.