Climate Tipping Requires Precautionary Accumulation of Capital and an Additional Price for Carbon Emissions »

Many ecological systems feature ‘tipping points’ at which small changes can have sudden, dramatic, and irreversible effects, and scientists worry that greenhouse gas emissions could trigger climate catastrophes. This column argues that this renders the…

Aug 2 2014 / Read More »

The War on Drugs Is Not Like The War on Poverty »

Mises Daily Weekend by Randall Holcombe Unlike the War on Poverty, the War on Drugs is a real and bloody war by the United States against a minority group known as drug buyers and sellers.

Aug 2 2014 / Read More »

The Best of Mises University 2014 »

It was an amazing and encouraging week at Mises University this year.  

Aug 2 2014 / Read More »

Russian Oligarchs Wave Goodbye To Visa, Switch To Chinese Credit Card »

So much for the "Russia is becoming increasingly isolated" meme that the West would like many to believe. As Russia continues to sign…

Aug 2 2014 / Read More »

Suddenly, Wall Street Is Bailing On Housing »

Among this week's most notable moves was the decompression of high-yield credit spreads to near 9 month wides (and continued outflows).…

Aug 2 2014 / Read More »

Internationalists Are Pushing The World Towards Globally Engineered Economic Warfare »

Submitted by Brandon Smith via, Over a year ago I published an essay entitled 'The Linchpin Lie: How Global Collapse…

Aug 2 2014 / Read More »
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The Drought Goes From Bad To Catastrophic »

As we previously commented, when scientists start using phrases such as "the worst drought" and "as bad as you can imagine" to describe what is going on in the western half of the country, you know that things are bad. However, in recent weeks the dreadful situation in California…

Aug 2 2014 / Read More »

Parsing the Employment and GDP Releases »

The employment release reported a 209,000 net increase in nonfarm payroll (NFP) employment was below consensus, but still represented the sixth straight month of +200K net job creation. The net change in private NFP was 198,000. Here I want to note (1) the household survey based…

Aug 2 2014 / Read More »

The Illustrated Guide To 20 Years Of Latin American Debt Crises »

As the Argentina farce rolls on, it is worth noting that this is nothing new. As Bloomberg Briefs shows below, Latin American nations have been serial defaulters for the last 20 years. Click image for large legible version   Source: Bloomberg Briefs

Aug 2 2014 / Read More »
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Wrong Time, Altered Videos, More Lies From Kiev

Since the crash of MH17, Ukraine has stated repeatedly it had no weapons capable of downing the aircraft. The claims are blatant lies as noted in the video below by Ukrainian citizen, Anatole Sharyi.I…

Aug 2 2014 / Read More »

Obama: "We Tortured Some Folks"

One day after what otherwise would be an epic scandal (in any other administration) when it was revealed that not only did the CIA indeed spy on the Senate, but had lied when it denied doing so (something…

Aug 2 2014 / Read More »

Bill Ackman, Valeant Have Things To Say Re: Insider Trading Suit By Allergan

The short response: go fuck yourself. The slightly longer one: Valeant Pharmaceuticals International, Inc. and Pershing Square Capital Management, L.P. today responded to the filing of a federal lawsuit…

Aug 1 2014 / Read More »
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