Biden’s Big Spending Plans Will Not Revive the Economy

On March 11, 2021, US president Biden introduced his $1.9 trillion covid-19 stimulus plan. The president also announced a plan of more than $2 trillion to rebuild US infrastructure, which includes repairing roads and bridges, as well as expanding access to long-term care services under Medicaid, building schools, and expanding internet access across the US. It is commonly accepted that during difficult economic times the government should run large budget deficits in order to keep the economy going. This is because when overall demand in the economy weakens, the government should step in…

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How a Voluntary Society Would Handle Blockades and Immigration

Bob elaborates on two ideas he had when he wrote his novel “Minerva” in grad school. Mentioned in the Episode and Other Links of Interest: Bob’s archives at Strike the Root, which contain the serialized version of Bob’s novel, Minerva. (Note that the HTML formatting is incorrect for some characters, such as the em-dash turning up as an apostrophe.) A listener compiled a PDF version of Minerva here Bob’s articles on the social function of stock speculators, futures markets, and call and put options To learn more about Whole Life…

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Elections in the Bicameral Congress

[Chapter 14 of Rothbard’s newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] The nationalists who went into the convention agreed on certain broad objectives, crucial for a new government, all designed to remodel the United States into a country with the British political structure. They had the ultimate advantage of any group that knows what it wants in advance of a convention. First, there must be an overriding sovereign government with independent power to tax, regulate, and coerce states and individuals. Second, an independent and oligarchical executive administration…

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Explosive demand for vacation rentals has made property managers a hot commodity

Rocter | iStock | Getty Images Vacasa, which helps hosts not only list but manage their rental homes, is thinking about becoming a publicly traded stock, multiple sources told CNBC, looking to take advantage of an expected recovery in the vacation business as Covid vaccinations accelerate in the U.S. and federal and state governments lift virus mitigation measures. The Portland, Oregon-based company is considering an initial public offering, a direct listing, or merging with a SPAC, special purpose acquisition company, those sources said. In a CNBC interview, Vacasa CEO Matt…

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Netflix (NFLX) Q1 2021 earnings

(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Netflix is set to report earnings for the first quarter of 2021 after the bell on Tuesday. Here are the key numbers expected ahead of the results: Earnings per share (EPS): $2.97 expected, according to Refinitiv survey of analysts Revenue: $7.13 billion expected, according to Refinitiv Global paid net subscriber additions: 6.2 million expected, according to Factset It…

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The Enemy Is Always the State

The web loves nothing more than a good brawl, so people often write me to ask me to respond to a critic of LRC or the Mises Institute. There’s certainly no shortage of them, and they come from the Left, the Right, and everything in between. My first thought on the request is that the archive speaks for itself, and a response would amount to little more than reprinting. And yet the criticisms in themselves are interesting because often they come from people who liked one thing we said and…

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The Sword of Damocles Hangs over Every Property Owner

Cicero wrote of a king by the name of Damocles. He served in the court of Dionysus, and after acknowledging his envy of Dionysus’s lifestyle, Dionysus challenged him to try taking on the lifestyle for himself. At first, Damocles is taken by the royal lifestyle; however, during one of his feasts, Dionysus hung a sword above Damocles that was held by a single horsehair. The stress that this thin hair would eventually succumb to the weight of the sword and it would fall and kill him became too much, and as a…

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If the Nordic Countries Are Socialist, So Are These Less-Impressive Countries

Have you ever noticed that it’s only the wealthy Nordic countries that are singled out as being “socialist”? Places like Greece and Italy, which are more socialistic than Scandinavia, never seem to warrant a mention on this topic.  Original Article: “If the Nordic Countries Are Socialist, So Are These Less-Impressive Countries​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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Politicians Concerned about Violence Should Start by Ending Their Wars and Their Police State

When politicians claim to deplore violence, its hard to take them seriously when they have a long track record of supporting brutal and arbitrary violence both at home and abroad.  Original Article: “Politicians Concerned about Violence Should Start by Ending Their Wars and Their Police State​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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Pete Farner on Investable Businesses and Investable Entrepreneurs

Veteran venture capital investor Pete Farner distills experience from four decades of entrepreneurship and investing on the Economics For Business Podcast #114. Passion, perseverance and intelligence are the three critical attributes he looks for in investable entrepreneurs, an insight drawn from a broad survey that we summarize here. Key Takeaways 1. The entrepreneurial mindset develops in youth. It is averse to the restrictions experienced on the subordinate levels of the corporate hierarchy. In an early experience that several E4B podcast guests have shared, Pete grew up in an entrepreneurial household and…

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