From the heart of the would-be global Hoi Phylakes — the Council for Foreign Relations — comes a piece written by their Director of International Economics, Benn Steil, which bemoans the costs imposed by monetary nationalism and floating exchange rates and even suggests that ‘digital gold’ accounts might one day become the money of the future.
Representative democracy in actio n in RobespiBlaire’s Gulag UK. The Government is to press ahead with preparations for nationwide congestion charging despite the millionth signature on a petition opposing the idea. An experiment in internet democracy, in which people were invited to place petitions on the No 10 website and vote for them by
Czech President Vaclav Klaus - according to a report posted on Drudge - actually came out and told the Environmentalist Emperor he really ought to put some clothes on. Bravo! President of Czech Republic Calls Man-Made Global Warming a ‘Myth’ - Questions Gore’s Sanity Mon Feb 12 2007 09:10:09 ET Czech president Vaclav Klaus has criticized the UN
As detailed here , no expensive and ill-used, Western aid, no high tech inputs, no government planning, no Malthusian doom — just a simple tale of human ingenuity, incentivised by the small matter of better property rights, overcoming an ecological disaster. From colonial times, all trees in Niger had been regarded as the property of the state,
Giving the lie once more to the canard that ALL scientists (at least, all those not in the pay of Big Oil) share the IPCC orthodoxy, here is a very impressive review of the case for a solar mechanism.Though a highly technical article, p99, et seq, are intelligible enough to a layman. Ultraviridian carbophobes are not going to like this one, as can
In a neat admission that his bosses are rotting the money in our pockets, Chicago Fed economist Francois Velde has come up with a bright idea : debase the nickel by a factor of five! “The problem [of the current high price of metal] remains for the nickel, but there is a simple fix that encompasses both coins. If we formally discontinue the
The turmoil in financial markets is eliciting the usual response from the central bankers, all up there in their Hueys, ‘Die Walkuere’ blasting out of their beat boxes. But the fixation on the ‘sub-prime’ angle and on the Fed’s role in isolation only tells part of the story. While wholly in agreement with the overall thesis of a credit expansion
Anyone that has lived in or toured a big city like New York, London or Tokyo will undoubtedly bump into black market goods being sold on the side of the street. From fake Rolex’s and Foaklies to DVDs filled with recently released movies. Popular Science recently published an article discussing the business models and practices behind many of the
A little clarification of the confusion surrounding the recent massive central bank intervention in the markets might be in order. Yes, multi-billion cash injections have been taking place: no, this does not mean a return to the 1920s — not yet, anyway — since the bulk of these extra funds have already been withdrawn in the subsequent money
The following thoughts on the current economic and financial environment formed part of a recent commentary sent to our firm’s clients. Users of the blog may find them of general interest. In the Austrian description of the trade cycle, the lack of any generalized rise in the price of final consumption goods is never — repeat, never - to be taken
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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.