Sadly, Borders Group, Inc. is in trouble and it’s up for sale. More and more of these companies continue to drop as consumers pinch pennies on wanna-have but don’t-need items. I listened to analysts talking about this on Bloomberg yesterday, and they don’t seem to really get it . There was a discussion of ways in which Borders can improve sales,
In the New York Review of Books, Paul Krugman calls for a “good old Keynesian stimulus.” He says we need to mimic Japan, Sweden, and FDR in terms of our strategy for giving new life to dead banks. Krugman, like Laurence Kotlikoff, is horrified that people are starting to save money . Therefore, he says, the next stimulus plan should “focus on
This question was put to Loews Corporation CEO James Tisch. His answer is splendid: It’s probably doubled our accounting fees. And I would say that about eight and a half percent of that reflects value to the company. So there was some value from Sarbanes-Oxley, but we are paying an enormous price for that value. And a lot of it is make-work. A
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.