Why Mises’s Theory of Economic Calculation Still Is Relevant Today

It is not a glitch (that nothing gets resolved). It’s a feature. For it opens rather, a path for “Business” to be done – for “stakeholder” deals to be cut, and for billions to be shared out in payoffs. This is Trump’s geo-political transactional model: Business displaces traditional negotiation (at least while the money flows); […]

Israel has informed the Lebanese government that Lebanon’s civilian infrastructure will be “hit hard” if Hezbollah in any way takes part in the apparently upcoming US-Iran War. Lebanese officials have urged Hezbollah not to do so, since the war “does not concern us.” The twin hopes are that Hezbollah will stay out of the war, […]