Regarding the nasty GDP report for last quarter, a Bloomberg reporter commented , “American consumers were a lone bright spot as households spent more to heat their homes and access health care.” In other words, if it were not for greater hardships that befell consumers, namely an unusually colder winter and a greater scarcity of health
A follow up to Ryan’s excellent post . Roger Garrison is at his best here balancing Fed policy and housing policy including CRA and their relative impact of the latest boom-bust. An excellent example of historical interpretation and “variations of the theme” of ABCT . From his Alchemy Leveraged: The Federal Reserve and Modern Finance : Unsound as
Newly-released memos from the Clinton presidential library reveal a little more about the scope of the Community Reinvestment Act (CRA) activities in the years leading up to the collapse of the housing bubble. For those unfamiliar with the home-loan industry, the Community Revinvestment Act was a 1977 act that “encourages” (with the threat of
Mark Thornton critiques Thomas Piketty’s recent bestseller, and explains why capitalism is not the problem, nor are taxation and redistribution of wealth the solutions.
by Gary North Reality Check I turned 72 in February. I want to make a few comments on the history of the American Right, while I still have my wits about me. I have spent my life on the fringes of academia. I earned a Ph.D., but I never went into full-time teaching. Well, not quite never. In the fall of 1979, I taught a course on the free market
With Tom Woods on the Tom Woods show. Shawn Ritenour is an Associated Scholar of the Mises Institute and the author of Foundations of Economics: A Christian View.
As far as I can tell, in the image below, the Treasury’s Bureau of Engraving and Printing appears to be bragging about its supposed engraving and design skills in a lighthearted fashion, independent of economic theory. For the proponent of sound money, however, this must be regarded as unintentionally comical in a different way: Writes DS: I went
Mark Thornton was featured on the Inside Track radio show of Tucson, Arizona on March 2. From the site: “In the second half hour, Dr. Mark Thornton of the Mises Institute returns to talkabout Austrian econommcs.” (The Thornton portion begins at 23:00.)
February 24, 2014: John O’Donnell and Merlin Rothfeld welcome Mises Institute President Jeff Deist to Power Trading Radio. Jeff talks about his new role and what the Mises Institute’s goals.
Behavioral economics and its close cousin, neuroeconomics, have been all the rage in the last few decades. Behavioral economists claim to go beyond the naive assumptions of neoclassical economics by taking psychology (and neurophysiology) seriously, using laboratory experiments, brain scans, and other techniques to study how economic actors
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.