If the NFL is about anything it’s about economics. Commissioner Roger Goodell and the collective owners must be tickledgreen about the $331.5 million in equivalent brand value that Taylor Swift has meant for the Kansas City Chiefs and the NFL. After all, it’s all for one and one for all for the colossus Pete Rozelle built. Rozelle negotiated a
The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter.
Prices will always increase, some small banks will fail, and the Fed was asleep at the switch when the run on Silicon Valley Bank occurred. Fed chair Jerome Powell admitted those three things in response to Scott Pelley’s questions on 60 Minutes . “But the overall price level doesn’t come down. It will fluctuate. And some . . . goods and services
The amount of commercial real estate loans coming due in 2024 has jumped to $929 billion according to the Mortgage Bankers Association. Previously the amount had been estimated to be $659 billion, with the 40% increase “attributed to loan extensions and other delays rather than new transactions,” according to Bloomberg ’s John Gittelesohn. Of the
Bloomberg reports that Treasury Secretary Janet Yellen’s pick for a dream date lunch would be none other than John Maynard Keynes, who Bloomie reporter Christopher Condon describes as “the founding father of modern macroeconomics.” I thought John Law held that title. This pronouncement happened during a speed round of questions in Detroit while
Oh but ain’t that America for you and me. Ain’t that America something to see baby Ain’t that America home of the free Little pinks houses for you and me. John Cougar Mellencamp Released in 1983 after double-digit price inflation from 1979-1981 Shrinkflation has President Joe Biden annoyed. He called it a “rip off” on social media ahead of the
One would guess the folly of rent control regulations needn’t be explained any further. If rents are held in place by government edict, landlords have no incentive to maintain apartment units to attract renters, the housing stock ultimately deteriorates, and homelessness increases. But, as Bloomberg reports , “Tougher rent control, returning
Pattie Boyd, British fashion model and muse to two rock superstars, George Harrison and Eric Clapton, engaged Christie’s to auction love letters from Harrison and Clapton in addition to other memorabilia. As with all other assets these days, Boyd’s bounty went for boom-time prices. Chron.com r eports, “Christie’s, the world-renowned auction
Yeah, the other night I laid sleeping And I woke from a terrible dream So I caught up my pal Jack Daniel’s And his partner Jimmy Beam And we drank alone, yeah With nobody else Yeah, you know when I drink alone I prefer to be by myself ~George Thorogood I poured hundreds of “Jack and Cokes” when I tended bar from the late 70’s to mid
In a few short weeks since SEC approval Inflows into Bitcoin ETF funds had reached just over $59 billion on Good Friday, according to btcetffundflow.com . Meanwhile the unloved and disrespected GLD [gold] ETF holds $54 billion, despite its thousand year pedigree. Gold fan and crypto disser Peter Schiff debated crypto evangelist Raoul Pal on Real
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.