Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise. Original Article: “ Finance Discovers Sting: “How Fragile We Are””
We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we are in the second stage: anger. Original Article: “The Five Stages of Bank Failure Grief”
We hear plenty about threats to American democracy: Donald Trump’s a threat, the Republican party is a threat, and any number of other people or political parties are threats. Now it’s ExxonMobil’s purchase of Pioneer Natural Resources. Jeff D. Colgan, a professor of political science and the director of the Climate Solutions Lab at Brown
This week bitcoin found life rising above $30,000 per coin on the news that exchange traded funds will be able to invest in the cryptocurrency’s number one brand. Meanwhile, in a New York courtroom prosecution witnesses have hammered crypto wizard Sam Bankman-Fried with damaging testimony. The Wall Street Journal reports, “a parade of witnesses
ESG (environmental, social and governance) investing is all the rage. But Carson Block is targeting ESG companies to sell short. “When we first started shorting companies that were deemed to be ESG, we didn’t have this theme in mind that ESG is the space for grifters,” Block told Bloomberg . Block has re-thought his view and sees that ESG firms
Treasury Secretary and former Federal Reserve Chairman Janet Yellen told a gathering at Bloomberg’s Washington office that the U.S. economy is hunky dory. The third quarter’s increase in GDP at a 4.9% annualized rate means, “It’s a good, strong number and it shows an economy that’s doing very well,” Yellen said. “We have what looks like a soft
Bloomberg reports that price inflation in Turkey was more than 60 percent in September. The 61.5 percent reading was released by the Turkish government’s statistical office. Being on the ground in Turkey for Hans-Hermann and Gülçin Hoppe’s Property and Freedom Society meeting, I can say the vibe was not hyperinflationary. The shelves are not empty
Almost Daily Grant’s reports, From CBS News local affiliate KDKA: A Pittsburgh-area firefighter has been suspended by his own department after he was arrested and charged with setting four fires in the same community his department serves. The Arnold Fire Department announced early Thursday that they suspended 21-year-old firefighter Andrew
There’s constant carping about people streaming across the U.S. southern border, giving the word immigration a bad name. Here in Nevada we have people migrating to the Silver State from the west and local leaders couldn’t be happier. According to Redfin, 5,000 moved from Los Angeles to Las Vegas in August, down from last August when 6,800 Los
“I am feeling very good about that prediction,” Treasury Secretary Janet Yellen told Bloomberg when asked whether the U.S. would avoid a recession while still containing inflation. “I think you’d have to say we’re on a path that looks exactly like that.” Tell that to the 39,000 Americans who filed bankruptcy in August. That number is an 18%
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.