Economist Marc Faber, author of one of the more interesting books of the last year combining economics and investment ideas (Tomorrow’s Gold) provides his outlook for the coming year. I would describe Faber as Austrian-influenced but not Austrian. He mentions the Austrian theory of the business cycle in his book but gets it wrong. He is nonetheless always fascinating. Certainly this passage he quotes from Schumpeter is simila
Federal Reserve Economist Wayne Passmore has authored a new study on the housing GSEs, which finds that:
Some years ago, Amazon.com patented the concept of having a “1 click order” button on their web site.
A nice summary of the long-term trend on public trust in government, in the NYT:
The wealth of nations is mapped by their IQ (Times Online). The argument runs this way. High-IQ nations have higher standards of living while lower-IQ nations have lower living standards. IQ is heavily influenced by diet and health. Hence, prosperous nations should subsidize health and diet in less prosperous nations.
Google News alerts drew my attention to news story mentioning the existence of Mises Road in Beaufort, South Carolina.
I found this site fun (but not useful) when building my lake. Thanks for subsidizing my entertainment budget. After all you paid for the photos shown here via your taxes. Looks like they have a boat dock in the development where Mises Rd is located.
Writes Brendan O’Neill in the Christian Science Monitor: “What is the lesson of the terrible earthquake that struck southern Iran last week, which leveled much of the city of Bam and left tens of thousands dead?
“For many, it is that man should more closely observe the ‘rule of nature.’
Strange to say, no central planner seems to be organizing this: China’s Entrepreneurs Cash in on Odd Jobs (BBC)
