If all the world’s informal markets were formed into a single independent nation, its $10 trillion economy would be the second-largest on the planet (behind only the US). These markets thrive in places where taxes are low, poverty is high, and resources are scarce. The colors on this map indicate the size of each country’s underground economy, as a percentage of its GDPRead more »
In a boost to animal welfare activists looking to get livestock out of cramped cages, Burger King will be the first major U.S. fast-food chain to give all of its chickens and pigs some room to roam.
On Wednesday, the world's second-biggest burger chain pledged that all of its eggs and pork will come from cage-free chickens and pigs by 2017, hoping to satisfy rising consumer demand for humanely produced fare and increase its sales in the process.
While poking around for Rebels on Facebook I came across this group that is promoting an idea so awesome I had to spread the word. The group is called Rebel Road and they’re hosting a public event they’re calling a Free Market Flash Mob. They invite everyone to bring whatever they have to sell or trade to Balboa Park in San Diego. They boast “No Permission! No Permits! The parks are ours and we have the right to self-sustain by utilizing them how we see fit, when we see fit.”Read more »
The fact that the provision of "governmental" services was a competitive rather than a monopolistic enterprise was arguably one of the Free State’s greatest strengths; just as in any other market, the competitive discipline imposed by the fear of losing clients to rival service providers served as a check on inefficiency and abuse of power. Icelandic law owed its resilience and flexibility to this decoupling of authority from geography.Read more »
On April 30, 2012, if everything checks out, SpaceX will send an unmanned Dragon capsule, launched from its own rocket, to dock with the International Space Station. If successful, this would mark the first time a privately-owned spaceship docks with a space station in orbit. And it will pave the way for private, manned space travel.Read more »
Want banks to loan more money to small business or families? Don't use the government, use the private sector.Read more »
South Florida became home to two 48 foot billboards urging the passage of medical marijuana legislation earlier this week. Both billboards are located in high traffic areas and highlight senior use of medical marijuana.Read more »
Ryan McMaken of the Mises Institute superbly exposes the US Chamber of Commerce for their crony capitalism, explains how Ron Paul is the true defender of free enterprise and refers to Bastiat's great exposé on the Seen and the Unseen.Read more »
Bestselling author Tom Woods responds to radio host Mark Levin's attack on the prolific and crucially important free-market economist Murray Rothbard.Read more »
The free market at work, well more or less. This week meat giant Tyson Foods and fuel-maker Syntroleum announced that their Dynamic Fuels joint venture was selling millions of gallons of animal-fat-based diesel to Norfolk Southern railroad to power freight trains.Read more »
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