Before the dawn of private jets and business class flights, royalty and high society members traveled through Europe onboard luxury trains. Now anyone can do it — if they are willing and able to spend £1,700 ($2,300) for a one-night…
Why Does Money Have Value? Not Because the Government Says It Does.
Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies…
The Economic Foundations of Freedom
Animals are driven by instinctive urges. They yield to the impulse that prevails at the moment and peremptorily asks for satisfaction. They are the puppets of their appetites. Man’s eminence is to be seen in the fact that he chooses…
It’s Wrong to Draft Women. It’s Also Wrong to Draft Men.
As in many previous years, this year’s National Defense Authorization Act (NDAA) is chock-full of terrible legislation slyly inserted into the NDAA for the purposes of concealing matters from the public. Both parties have been long guilty of this, with…
How “Cultural Distance” between Societies Can Hamper Economic Prosperity
Uncovering the cause of disparities in long-term economic performance across societies is of paramount importance to economists. Differences in institutional quality and geographical advantages are usually invoked as reasons for the divergence in economic performance. Although both factors possess explanatory…
Levi Strauss & Co. (LEVI) Q3 2021 earnings beat
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss & Co. on Wednesday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, as consumer demand picked up during…
Defaulting on the Debt Is the Moral Thing to Do
Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by…
Uber can now track your flight so a ride home is ready when you land
A Uber driver in New York City. Scott Mlyn | CNBC Uber is trying to make it less of a hassle to get a ride home from the airport after your plane lands. The company announced Wednesday that customers can…
The 50 best restaurants in the world 2021 from William Reed Media
An annual list of the world’s 50 best restaurants is back — and for the first time, one city dominated the top two spots. Two restaurants in Copenhagen, Denmark — Noma and Geranium — ranked No. 1 and No. 2…
The Fed (and Central Planning) Are Fueling Substance Abuse
Karl Marx’s Communist Manifesto, included ten planks required to create a socialist dictatorship. Number five on the list is “Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive…