Franklin Raines, speaking for the Bush administration, says that he is in the “American Dream business.” Raines is chairman and CEO of Fannie Mae, a corporation whose mission is “to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Because having a safe place to call
Once lauded in congressional love-fests and accorded rock-star-like status by legions of stock market investors, Federal Reserve Chief Alan Greenspan is increasingly being attacked by critics. A previous generation of promoters blamed Greenspan for raising interest rates in 2000 and causing the bear market. A new set of critics now claims that
What is the relationship between Weimar Germany and Wall St. of the late 90s? On the surface, what could be more different? Stock market booms are the best of times while hyperinflation is a nightmare. In a previous essay , I presented an analysis showing that the long-term bull market in stocks and bonds starting in the early 80s was a form of
A friend of mine sent me a link to a video labeled “The Most Terrifying Video You’ll Ever See .” According to YouTube, this video has been viewed over 3.5 million times. Narrator Greg Craven, a high-school science teacher, presents an application of the precautionary principle to the debate over anthropogenic global warming (AGW) . Craven claims
Atlanta Journal Constitution: “They came in droves — high school students, retirees, young moms, the unemployed — all for a shot at a job at a new Wal-Mart on Memorial Drive in central DeKalb County. In just two days, and with virtually no advertising or even any signs, a staggering 7,500 people filled out applications for one of the 350 to 400
¿Cuál es la relación entre la Alemania de Weimar y el Wall St. de finales de los 90? En apariencia, ¿qué podría ser más diferente? Los auges bursátiles son el mejor de los tiempos, mientras que la hiperinflación es una pesadilla. En un ensayo anterior, presenté un análisis que mostraba que el mercado alcista a largo plazo de acciones y bonos que
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.