Ludwig von Mises scholar Richard Ebeling looks at Mises the policy analyst and advisor, as opposed to Mises the pure economist, over at the Coordination Problem blog : much of Mises’ conception of the general economic order, its workings and requirements, and the institutional and policy “rules” that would help establish and maintain freedom and prosperity did not arise from a pure “a priori” deductive spinning out of implications from the “action axiom.” They are, in many cases, the general theoretical insights and the social institutional and economic policy “wisdoms” derived from living through, acting within, and learned lessons from those momentous and often catastrophic events that shook Europe in the first half of the twentieth century, and particularly as experienced in the everyday reality of Austrian political and economic life during this time….if you had asked him a fiscal, or monetary, or regulatory policy question in the context of his role as analyst at the Chamber of Commerce, he would not have said, and did not simply say, “laissez-faire” – abolish the central bank, deregulate the economy, and eliminate taxes. He accepts that there are certain institutional “givens” that must be taken for granted, and in the context of which policy options and decisions must be worked out. He seemed to usually think with three policy “horizons” in his mind.
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Mises as Policy Advisor
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Writing at Investors Business Daily , Independent Institute economist Robert Higgs argues that government intervention in the economy is strangling private sector investment: The current investment drought does not simply reflect the housing bust that followed the residential investment boom that peaked in 2005. To be sure, real residential investment fell tremendously, by almost 53% from 2005 to 2009, with especially rapid declines the past three years. Yet real nonresidential investment also fell greatly last year, by 18% from its 2008 peak
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How Government Spending Harms Private Investment
Even if Democrats extract the votes to put ObamaCare over the top, writes Shikha Dalmia, it will at best be a Pyrrhic victory for them. Regardless of the outcome, this monstrosity might cost the Democrats the Congress this November, ruin the party for a long time, and prematurely render Barack Obama a lame duck president for the rest of his term. View this article.
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New at Reason: Shikha Dalmia on the ObamaCare Quagmire
CNN has a pretty good review of the pitfalls of foreign aid , looking at how the massive effort in Haiti could end up harming the country in the long run. Given that there are about 10,000 NGOs at work in Haiti right now, and that the United States has already spent $700 million on aid to Haiti, it would be good to have some signs that it’s not, you know, making things worse. What’s the right way to provide aid?
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NGOs Falling Short in Haiti
From our April issue, Senior Editor Michael C. Moynihan reports on the scene in Massachusetts as he followed Republican state legislator Scott Brown and Democratic gaffe master and Attorney General Martha Coakley in their race for the late Ted Kennedy’s Senate seat.
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New at Reason: Michael C. Moynihan on the Revolutionary Takeover of Ted Kennedy’s Senate Seat
Over at the Wall Street Journal, Reason alum Ryan Sager writes about the connection between ease-of-payment and increased levels of taxation. If our priority is to experience as little pain from taxes as possible, we could go down the road California is on with its ReadyReturn program, available to people with income only from wages and only one employer
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One Good Reason to Keep Income Tax Returns as Totally Freaking Annoying as Possible.
Reason Senior Editor Radley Balko will discus asset forfeiture on the syndicated Jason Lewis show tonight at 8:35 pm ET. Check here for stations, or tune in to XM Satellite Radio, Channel 165.
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Reason on the Radio: Radley Balko To Discuss Asset Forfeiture on the Jason Lewis Show
From our April issue, Contributor Editor Tim Cavanaugh reveals the Obama team’s favorite slices of fiscal baloney. View this article.
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New at Reason: Tim Cavanaugh on Obama’s Five Lies About the American Economy
Last week, New York state assemblyman Felix Ortiz (D-Brooklyn) introduced a bill to ban the use of all salt in restaurant cooking and impose a fine of up to $1,000 on violators. Like all legislators who introduce absolutely insane legislation, he says he is trying to “make sure that we bring awareness.” Oddly, Ortiz seems to be raising awareness about someone else’s bill
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More on the NY Salt Ban Bill
In Louisiana, you can’t sell flower arrangements unless you have permission from the government. In Virginia, you need a license to be a yoga instructor.
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New at Reason: John Stossel on the Right to Work
