On Monday, former Fed official Andrew Huszar publicly apologized to the American public for his seminal role in executing the QE program, a program he characterizes as “the greatest backdoor Wall Street bailout of all time,” and “the largest financial-markets intervention by any government in world history.” While this is a momentous admission
The highly publicized glitches and failures associated with the launch of the Affordable Health Care Act have obscured the central role of the IRS in carrying out the law’s mandate. Stripped down to its essentials, Obamacare is not an “insurance” plan at all. It is rather a naked redistributionist scheme to coerce the young and the healthy into
Now in mailboxes is the November issue of The Free Market , the Mises Institute’s monthly, featuring new articles on Sweden’s great depression and a wide-ranging interview discussing the progress of the Austrian Economics movement in Japan. On the front page, Per Bylund examines how Sweden, by shrinking its government in the 1990s, saved itself
Last Week’s Daily Articles: Krugman’s Adventures in Fairyland by William Anderon Social Security: The Most Successful Ponzi Scheme in History by Gary Galles Germany’s “Dangerous” Current Account Surplus by Frank Hollenbeck Are Bubbles Caused by Psychological Problems? by Frank Shostak Janet Yellen, the “Pink Dream,” and a Coming Economic
DEF CON is the premier annual convention of the hardcore hacking community. It began yesterday and runs until August 4 and is being held at the Rio Hotel in Las Vegas. One of the popular events at DEF CON is a game that is similar to “capture the flag” in which contestants vie to mine information from the websites of large companies like AT&T, Fed
You can now enjoy a three-part lecture series on the basic principles of money from an Austrian perspective. The series was sponsored by Congressman Ron Paul and presented exclusively to Congressional staffers. The lecturers were myself, Constitutional lawyer Edmund Vieira, and investor, author, and financial commentator Peter
On Thursday, stocks suffered their largest tumble since June due in large part to a so-called “spike” in the yield on 10-year government bonds, which rose by a measly 11 basis points, from 2.712% to 2.82%. This is further evidence of the very shallow and extremely shaky foundations of the current economic recovery, as anemic as it is, which is
Mark Gongloff of the Huffington Post responded to a surpassingly silly post of Christopher T. Mahoney’s , former vice chairman of Moody’s. Unfortunately, Gongloff’s post is almost as silly as Mahoney’s. According to Mahoney, Protestants stink at monetary policy, you know, because of the whole Protestant work ethic thing that if you get something
The flood of dollar-denominated debt has risen in Turkey, Brazil, India, and South Korea since Bernanke turned on the monetary spigot in 2009. Now it appears, according to a perceptive article by Landon Thomas, Jr. in the New York Times, that the end of the boom may be in sight as rumors swirl that the Fed will soon be tightening money. As Tim Lee
“The quantitative easing program is like a giant roach motel with a big welcome sign.” So says fund manager Mark Feierstein, author of Planet Ponzi , in this short video interview . Although no Austrian, Feierstein has insightful things to say about the U.S. government’s lying statistics and the dire prospects for a world awash in Fed-generated
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.