Mises.org is the Mises Institute’s front door, the worldwide portal to the largest Austrian and libertarian library on the planet. As Forbes points out, the Mises Institute is a heavyweight in the online and social media world, generating more traffic than many freedom-minded organizations with much larger budgets.
Jeff Thomas at the International Man has an interesting take on Murray Rothbard’s admiration for Lao-Tzu. The founder of Taoism had little good to say about the philosopher-bureaucrats of his time.
Those in power are meddlesome …
The greater the restrictions and prohibitions,
The more people are impoverished.
The more advanced the weapons of the state,
The darker the nation …
Michael Pullaro over at Forbes.com warns that the Austrian measure of the money supply is exhibiting a deceleration in its growth rate indicating potential trouble ahead in bubble related economic activity.
Con Temporary Art Auction Record — Sheep line up to be fleeced
Inflation revealed its ugly head again in New York City — where the money is.
Christie’s set another record contemporary art auction record of $852.9 million exceeding both the high estimate for the auction and also the recent record it set in May of this year.
How many do you have in your collection?
A surprising range of news and opinion outlets have memorialized a string of anniversaries related to the Great War over the last few months: the assassination of the Archduke, the July Crisis, the start of the war, etc. Newspapers, magazines, the blog world, the top ten list sites, and Youtube channels have all feature anniversary observations.
The present global plague of asset price inflation — with its origins in Federal Reserve quantitative easing policies and featuring much irrational exuberance — is transitioning into a new phase. Some optimistic commentators suggest a benign and painless end to the plague lies ahead. They cite the skill of the Federal Reserve in “ending QE.” These optimists even suggest that meanwhile, controlled injections of new viruses of asset price inflation by the Japanese and European central banks could have a good outcome, and this justifies the risks of the procedure.
President James Bullard dissects the nearly six years of Zero Interest Rate Policy and asks the question: does low inflation call for an earlier return to normal interest rate policy.
