US Prints Saddam banknotes (BBC): US and British officials have said it is better to lose face by printing 250 dinar notes with Saddam on them for a short period than risk further inflaming public anger. They say new banknotes will be designed once an interim Iraqi administration is in place. Earlier this week, angry crowds gathered outside Iraq’s
Bush Approval Drops on Sour Economy (Reuters): President Bush’s approval rating has dropped to 57 percent from 73 percent since April as voters soured on his handling of the economy, a poll published on Wednesday showed. The Quinnipiac University survey revealed that nearly twice as many American voters were more concerned about the sagging
Gold Bugs Get their Answer (Insight): Gold bugs have for years contended that the price of gold has been manipulated by bullion banks in cooperation with the central banks. Based on the admission of Barrick’s attorney, it appears the central banks are indeed very much involved if only to assist in Barrick’s
Charles McCann is finishing up editing a Dictionary of Quotations by Economists (or some similar title) for English publisher Edward Elgar. He says that Ludwig von Mises is the #1 most quoted economist in his book.
Thanks to David Nichols at 21st Century Alert for citing Frank Shostak’s piece in today’s “Morning Briefing”: “In this essay, the author makes a detailed argument why the pumping of the money supply can cause a ‘reshuffling’ of assets in the short term, but that ultimately this is not a solution if the pool of real savings and real wealth in the
We continue to hear wonderful comments on Roger Garrison’s Hayek Lecture at the London School of Economics. ( Read his published paper .) LSE head Tony Giddens said: ”The lecture was excellent and the dinner discussion sophisticated.” Also, Garrison met at 10 Downing Street with economic advisers to the PM. More information to
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.