Fifty years ago a Life magazine cover asked — “Las Vegas — Is Boom Overextended?” After all, three hotels had opened in the spring of that year costing a total of $15 million and two more were opening that summer including the $5 million Dunes. “Had Las Vegas pushed its luck too far?” Life wondered. Nearly 30 years later, Malcolm Baldrige, while
Do you ever wonder what all of those tax dollars you send to Washington D.C. pay for? In a fit of wishful thinking, your mind’s eye conjures up images of hard-working people giving their all each and every day serving taxpayers. After all there must be so much work to do, these dedicated public servants must be eating brown bag lunches at their
The city of Las Vegas is young, having just celebrated its 100th birthday. An old money aristocracy has not yet taken root. Back east, the JP Morgans and Henry Fords are long gone, leaving bloated corporations and reclusive trust fund babies behind. But, this town’s movers and shakers mix amongst the hoi polloi. If you go to Drai’s for dinner,
They just don’t make statesmen the way they used to. Every week a new revelation comes to light about some senator or congressman’s ethical transgressions. Much time was spent during the last presidential election campaign speculating about which candidate was the more mediocre student in college. And, Nevada’s favorite son, Harry Reid, whom
America has changed. From a nation running a surplus and minding its own business, America is now the world’s biggest busybody, requiring the kindness of strangers to fund not only its overseas government follies, but also, the lifestyles of its over-indebted private citizens. The story of when America turned its back on what had made it a rich
Apartment conversions are all the rage in Las Vegas. Anyone looking for an entry-level priced home in a nice area will likely be relegated to buying what amounts to be — an old apartment. More than 17,000 apartment units in Las Vegas are to be converted into condos, according to Dennis Smith, president of Home Builders Research. Approximately
Las Vegas is one big bubble. Sin City’s brand name has never been hotter. A channel surfer can find something on the tube involving Vegas, either fact or fiction, virtually and appropriately 24/7/365. Casino gaming company stocks trade at enormous price/earnings multiples whether the companies are operating and profitable or just opening its doors
It is rare that an economics book makes the New York Times non-fiction bestseller list. The masses are more likely to be interested in reading about getting rich quick or flattening their stomachs; not supply, demand and other purposeful human action. But, Steven D, Levitt and Stephen J. Dubner have struck publishing gold with their book,
[This article reprinted from the Las Vegas Review Journal with the permission of the author.] One of Mayor Oscar Goodman’s pet projects is to bring a Major League Baseball team to Las Vegas. At a recent breakfast presentation, the mayor promised he would be throwing out the first pitch by the 2008 season. In Goodman’s mind, Las Vegas will never be
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.