Thanks to Sarbanes-Oxley,
In 2005, 23 of 24 firms that raised over $1 billion in capital didn’t register in U.S. markets, according to the New York Stock Exchange. Of the 129 companies listed with the London Stock Exchange last year, only 6 listed on the NYSE and 14 on Nasdaq. Ninety percent of companies that chose London over New York said Sarbox was a factor.
Pixar’s latest flick, Cars, is kid-friendly, but it fails to carry over to adults the capitalist themes of previous productions.Three Mises Institute summer fellows explain.
Available here.
The following appears here
A 221-Year Temperature History of the Southwest Coast of Greenland
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Reference Vinther, B.M., Andersen, K.K., Jones, P.D., Briffa, K.R. and Cappelen, J. 2006. Extending Greenland temperature records into the late eighteenth century. Journal of Geophysical Research 111: 10.1029/2005JD006810.
What was done
Read my latest LRC article where I describe why targeting of official consumer price inflation, which is official dogma of most mayor central banks and after Ben Bernanke became Fed Chairman unofficial Fed dogma too, even if desirable (an assumption which can be challenged on many legitimate grounds, but which for now was assumed for the sake of the argument)is a futile endeavor since central banks have almost no influence on the consumer price inflation data they know about, while knowing virtually nothing about the consumer pri
Long among the most reasoning of central bankers (perhaps because they have no direct political role to play) Malcolm Knight and William White at the BIS edge ever closer to an overtly Austrian analysis of the world. The Conclusion section of their latest annual report is well worth reading for its dismissal of the “Keynesian workhorse” of their peers and for its clear disavowal of the policy of pursuing “price stability”. More Roepke than Rothbard, perhaps, it still represents a major advance.
My Organizations and Markets post on “puzzles” versus “problems,” in philosophy and economics, is generating some interesting discussion. Mainstream economists, I suggest, are increasingly avoiding the “big questions,” focusing instead on finding and solving cute, clever, but ultimately ephemeral, puzzles.
