I recently learned that Constantino Bresciani-Turoni’s classic work on the Weimar inflation, The Economics of Inflation , is on-line. Jim Puplava, an Austrian-financial economist and investment analyst has done a series of internet radio commentaries on this work: part 1 , part 2 , part 3
Bloomberg reports on the annual central banker symposium taking place at Jackson Hole, Wyoming. At last year’s event, Greenspan defended his long-held view that central bankers cannot identify asset bubbles until after they have burst. This is based on a sort of “efficient markets theory” in which the prices of financial assets are an outcome of
Worried about the federal deficit? The dollar? The global monetary system? You can relax now. Bloomberg columnist Caroline Baum writes Every Problem Is an Opportunity for U.S. Economy . Baum writes: If you consider the litany of negatives buffeting the economy since the bursting of the stock market bubble in 2000 and the 2001 recession, it’s
This Reuters news story HYDERABAD, India (Reuters) - Tax defaulters in southern India are being forced to face the music after city authorities hired drummers to play non-stop outside their homes until they pay up. After many residents ignored repeated demands to settle overdue property taxes. authorities in a city in Andhra Pradesh state have
From the Daily Reckoning : “A penny now costs two cents to produce! It cost the U.S. government 3.8 cents to produce a nickel and 0.98 cents to produce a penny, according to the U.S. Mint’s last annual report, dated September 30, 2003. We haven’t heard from the Mint since then, but metals prices have nearly doubled. By my quick math, as of this
Ben “Helipcopter” Bernanke, the same Fed Governor who has threatened to drop bales of freshly printed money from a helicopter in a last-ditch effort to fight deflation, speaking to the Virginia Association of Economics , recently state: I will take issue with the common view that the recent deterioration in the U.S. current account primarily
During the late 90s, Greenspan claimed that stock market bubbles could not be identified while they were going on, only in retrospect, after they had burst. And in a twisted rendition of the efficient markets theory, Greenspan stated that any attempts by the Fed to manage asset prices would substitute the judgements of government planners for the
Question Authorities, Why it’s smart to disobey officials in emergencies : For nearly four years - steadily, seriously, and with the unsentimental rigor for which we love them - civil engineers have been studying the destruction of the World Trade Center towers, sifting the tragedy for its lessons. And it turns out that one of the lessons is:
Todays’ New York Times Magazine contains a story Believing (and Believing and Believing) in Bullion . The writer, Stephen Metcalf, does a good job of letting the subjects of his story present their views, and the choices he made for who to talk to were reasonably good. Gary North, one of the subjects, is a frequent contributor to Lew Rockwell.com.
It’s hard to know what to say any more about the insanity otherwise known as “the housing market”. Compare this article: Californians’ home equity up $1 trillion since 2000, BIA says In addition to strengthening the economy, the gain in home values makes it highly unlikely that widespread mortgage defaults will occur in the event of a sharp
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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.