Tag Archives: oil

thoughts on the economics of oil and the principle of endless recalibration

By mitchell b powell | Published: 1613, 29th April, 2011
Mises, among other ideas, popularized the notion that ‘middle of the road policy leads to socialism.’ And what he meant when he said this was, given a basic framework of law and order, the markets function to funnel resources to productive citizens in the most efficient way possible. (The gap in this, of course, is [...]
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a poem to dispell the hatred

By mitchell b powell | Published: 1531, 14th July, 2010
Joel Watts has written a post condoning hatred of BP.  And although I think he’s substantially right on details, except that the post should probably be renamed “Another Reason to Hate the British Government and their Friends at BP,” I won’t argue the ideological implications of the spill here.  Instead, I will simply try to [...]
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