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The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.
Original article: https://mises.org/mises-wire/how-government-helps-create-congested-traffic
Untruths sneak into our lives in all kinds of ways. Sometimes they’re outright lies. Blatant misinformation.
But in this episode, we’re going to talk about something else - those sneaky numbers and claims that bounce around our society and that aren’t exactly false, but are leading you down the wrong path.
That’s the subject of a book called May Contain Lies by Alex Edmans, a professor of finance at London Business School.
Tim talks to Alex about the statistical claims that might not be wrong, but aren’t right either – and how to make sure you aren’t fooled by them yourself.
Presenter: Tim Harford Producer: Tom Colls Production co-ordinator: Brenda Brown Sound mix: Andrew Garratt Editor: Richard Vadon
When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they can pass laws regulating prices and the like, they cannot repeal economic laws. Instead, they can only make things worse.
Original article: https://mises.org/mises-wire/exploiting-moral-unseen
Caleb O. Brown hosted the Cato Daily Podcast for nearly 18 years, producing well over 4000 episodes. He has gone on to head Kentucky’s Bluegrass Institute. This is one among the best episodes produced in his tenure, selected by the host and listeners.
An engineer and brewer thought he would take up home distilling as a hobby, but he then learned it’s a federal crime. In Ream v. U.S. Department of Treasury, he’s fighting back. The Buckeye Institute’s Robert Alt explains.
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Sen. Ted Cruz was recently interviewed by Tucker Carlson, with Cruz advocating “regime change” in Iran. However, Cruz doesn‘t know enough Iranian history to make any qualified judgment on Iran or its people.
Original article: https://mises.org/mises-wire/iranian-history-ted-cruz-doesnt-know
Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.
Original article: https://mises.org/mises-wire/trumps-tariff-policies-are-schizophrenic
Bernie Sanders and Alexandria Ocasio-Cortez have toured the country calling for massive government takeover of the economy and other socialist initiatives. For socialists, Sanders and AOC have become the new “Keepers of the Secret” of making socialism viable.
Original article: https://mises.org/mises-wire/are-bernie-sanders-and-aoc-new-keepers-secret