Japan’s Housing Bubble, Busted
The New York Times ran a feature on the aftermath of Japan’s housing bubble.
Mises.org in a top tech moment of 2005
The Mises Institute played a central role in one of the top ten “tech moments of 2005” as chosen by Wired. See the third item “Katrina, blogged.” It was Mises.org that provided the server that DirectNIC used to display its live feed in the first week after Katrina.
Dangers of the one-good model: Böhm-Bawerk’s critique of the “naïve productivity theory of interest”
This paper will attempt to illustrate Böhm-Bawerk’s arguments through a simple, general equilibrium model in which the capital good is distinct from the consumption good. We will see that the standard one-good model of neoclassical growth theory obscures the subtleties in Böhm-Bawerk’s critique. Only in a model with multiple goods can one fully appreciate the “Austrian” approach to capital and interest theory.
Year-End Data: Mises.org Grows
- Average monthly unique visitors Summer 2005: 172,000
- Average monthly unique visitors Winter 2005: 277,241
- Average monthly visits Summer 2005: 385,000
- Average monthly visits Winter 2005: 612,675
- Average monthly pages served Summer 2005: 1.3 million
- Average monthly pages served Winter 2005: 2.1 million
- Subscribers to the Daily Article: 13,139
The only page on the site used more than the homepage: the article feed.
New Mises.org Desktop
Download the newest Mises.org desktop background, based on a photograph of the Institute taken yesterday evening. Other Mises.org desktops are available online.
From the land of Fabianism
News item: “Britain is to become the first country in the world where the movements of all vehicles on the roads are recorded. A new national surveillance system will hold the records for at least two years.”
Is the Inflation Monster Tamed?
Mike Shedlock reports that the Inflation Monster has been captured by the European Central Bank--or so their lastest cartoon release claims.
Walter Block Says: Support the Mises Institute!
“The six-week period was just about the most productive period I have ever spent in my life. What I also learned: if you donate money to the Mises Institute, it will be severely pinched.”
War as Spoliation
Frederic Bastiat reminds us of the dangers to all sides of using military force as a means of securing resources or to bring freedom to foreign peoples.
Selling Ideas
I have a column on the controversy over libertarians being paid to write columns that back special interests. It ends with a long discussion by Mises on the difference between genuine liberalism and special-interest politics.
