What asset price bubbles are is fairly uncontroversial, even if a fast and hard definition is elusive. At their most basic, bubbles are said to exist when a sharp upward departure in the price of an asset, from its historic or otherwise reasonably expected value, occurs over a relatively brief period of time, however defined. These dramatic, often
Despite President Biden’s criticism of virtually every aspect of the U.S. establishment he has long been a part of, and whose policies he frequently played a principal part in authoring, as well as his stated intention of enacting sweeping reforms during his presidency, one part of the U.S. establishment is clearly safe from any such revisitation
While the Chinese regime’s program of financing and conducting large-scale infrastructure programs in Asia and Africa has been cited by Western observers as an attempt by the regime’s leadership to boost its geopolitical clout and strategic partnerships, a look at China’s history and domestic situation suggest a different primary motivation: class
Washington D.C., home of the monumental overreaction, is at it again, this time threatening China and the Solomon Islands over a security agreement negotiated between the two. Forget the fact that 99 percent of Americans couldn’t point out the Solomon Islands on a map, or that we have dozens of military bases and installations in the region, some
In 2008 Warren Buffett issued a public challenge to the industry he most despised: hedge funds. Charging its clients 2% of assets under management plus 20% of any profits, Buffett wagered none of them could beat the annual return of the S&P 500. That bet was accepted, and ten years later the token wager of one million dollars was duly paid to the
By now everyone has heard or seen it, the thirty-second video clip having been destined to go viral the moment it happened. In an understandably rare public speaking event at the George W. Bush Institute at Southern Methodist University, the 43 president made a Freudian slip of almost unimaginable proportions: he admitted to being a war criminal.
If you need any more evidence that U.S. foreign policy is completely out of control, look no further than Commander-in-Chief Biden’s latest pronouncements regarding Taiwan – which is not a country. That’s right. Not according to the United Nations or the United States government. In fact, it is acknowledged by both that Taiwan is part of China.
Or rather, in the case of Somalia, we never stopped – and we just keep doing it! As the Biden administration orders U.S. troops to back to Somalia in significant numbers, several things are worth noting in opposition to yet another military response to a faraway crisis of small stakes and absolutely no consequence to Americans. First, U.S.
With Republicans and Democrats in Congress having openly expressed their united opposition to the Biden administration reentering the nuclear agreement with Iran (the JCPOA), it should come as no surprise that negotiations have gone nowhere. The reason? Beneath all the bluster about nefarious Iranian activities in the Middle East and the back
Stocks reacted positively to the jobs report released Friday morning before selling off sharply that afternoon on geopolitical fears. The report, which showed non-farm payrolls increased by 315,000 for the month of August, was largely in line with the expectations of market watchers, with major surveys held in the run-up to the release of the
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.