Exponential Growth

If you ask, most people would probably say exponential growth is "out of control" growth. That's not what it means. Technically, it means that growth is regular, predictable, and under control.

Well, maybe not "under control" -- but definitely regular and predictable.

The Real Laissez-Faire

Apart from the level of taxes...

I am still in the midst of my Mises Month, reading and parsing the Mises Daily email and learning about Austrian economics. But today's Daily merits special attention. The article, by Art Carden, rejects the notion of rent control.

Carden says rent control "ignores the information-transmitting function of prices." That got me thinking about how strict the Austrians are regarding free-market principles. But even Austrians fall short, when it comes to taxes.