The spirit of speculation and adventure pervaded the entire community ... and crowds of individuals of every description—the credulous and the suspicious—the crafty and the bold—the raw and the inexperienced—the intelligent and the ignorant—politicians, lawyers, physicians, and divines, hastened to venture some portion of their property in schemes
Real Estate. Some interesting anecdotes in this article . In Naples, Florida, some houses have been bought twice in a single day. “It just seems like everyone is doing it,” Laurie Romano, a 26-year-old self-described real-estate investor, said with a giggle as she explained why she was attending an open house this month for the Nexus, a 56-unit
Regarding Nicolás Cachanosky’s insightful article this morning on Argentina’s coming default, I would just add that it can’t come soon enough. Although one can only imagine what kinds of behind-the-scenes pressure Argentine President Cristina Kirchner and central bank head Juan Carlos Fábrega are under right now to pay these bonds, Argentina
According to a new report just out by McKinsey , global debt has increased by $57 trillion since the Great Recession, outpacing world GDP growth during this time period.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.