Yergin and Joseph Stanislaw have produced a book that is fundamentally optimistic that markets will continue to be the driving force behind world events, and that price decision-making will eventually prevail over political decision-making.
It's time to start thinking of the stock market as a giant S&L. Money continues to pour in, despite a bounty of evidence that the extraordinary gains of the last few years cannot be enjoyed in the near future. The perception has never been stronger that the stock market is the right place to be for your long-term investment needs.
Recent mergers and acquisitions reach out and touch everyone. In turn, everyone wants to participate in the wave of executive soul-searching. It's true that parties affected by large transactions can occasionally assist in refining corporate values. But make no mistake about the dynamics of control: almost anyone would claim a seat at the bargaining table for a chance of lucrative reward. These seats are in fork's range of shares of the pie.
Recorded at the Toronto Stock Exchange; September 16-17, 1999.
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.
