According to a report from the Washington Post and The Columbus Dispatch , the genesis of the housing market bubble was global wealth; not excess meaningless paper, but true wealth. So the bubble was not caused by the FED, the bubble occurred because “a growing amount of savings, particularly in developing countries, fueled an investment bubble.”
Like Atlas holding the sky on his shoulders, our federal representatives hold the weight of the Earth and our future on theirs — an awesome and sobering responsibility. Imagine for a moment that you are Sen. Barbara Boxer, D-Calif., chairwoman of the Senate Energy and Environment Committee. In your omniscience, you recognize that “ Bush’s new
It’s tornado season here in Ohio. This afternoon as a few funnel clouds were forming miles from my house, I received a call from my mother living in Florida. Seems she was not about to wait for her son to make his yearly Mother’s Day call as she had urgent news. CNN and other news outlets were reporting funnel clouds and tornados in central Ohio,
Mothers of Ohio, here you go. Ohio Treasurer Richard Cordray is using your tax dollars to provide you with the gift you desired all along. Though, for some reason, you couldn’t recognize that desire -- a breakdown of Thymology I suppose. Regardless, here it is. Enjoy. Cordray knew you would. Thankfully, my mother lives in Florida and is unaware of
Ohio has effectively shut the door on payday lending . The state legislature — a bunch of nanny do-gooders — recognized the seen: the closing of 1,600 payday stores and the loss of some 6,000 jobs. But these same folks missed the unseen: the tens or hundreds of millions of dollars invested in these businesses; with investment losses to be suffered
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.