Donald Trump continues to claim victory, but the blue wave was undeniable on the left coast. You might say, California was already a bunch of lefties. Yeah, except Orange County has always been a Republican stronghold since the days of R.C. Hoiles. In a review of Brian Doherty’s “ Radicals for Capitalism ,” I wrote, One of the genuine heroes of
The tweeter & tariffer-in-chief Donald Trump had a bad week post election with presidential historian Douglas Brinkley telling the Washington Post , “Trump needs adulation, so heading into the midterms, holding these rallies, he was cheered and it became narcissistic fuel to his engine,” Brinkley said. “After the midterm, it’s the sober dawn of
Brian Price interviewed Max Wolff, chief economist at the Phoenix Group for Real Vision. Wolff believes the bloom will be coming off the Trump economic rose (Wolff contends it’s a continuation of the Obama boom) and was most testy about the president’s trade policy. “Two hundred years of economic wisdom versus a tier two real estate developer from
“The Labor Department reported Friday that worker payrolls expanded by 201,000 in August and private-sector hourly wages grew 2.9% from a year earlier,” last Friday’s Wall Street Journal reported. Meanwhile, Ryan McMaken reports that the Fed has a new inflation gauge that’s reflecting “the highest rate recorded in 158 months, or more than 13
There are labor shortages all over the country. There are not enough truck drivers, plumbers, food waitresses, construction workers, and so on. The official unemployment rate is below 4 percent. It was just reported private sector wages popped 2.9 percent. However, Bernie Sanders and other “progressive” candidates are endorsing the idea of a
Economics professor Bernard Malamud made the local paper today as he is retiring after teaching at UNLV for 50 years. I had Professor Malamud for a class, but darn if I can remember what the class was. Malamad showed up in 1968 when UNLV was but a dream. “The campus was a desert; there was nothing here,” he told the R-J “There were rabbits running
I remember two books from my adult pre-Rothbardian days: Bonfire of the Vanities , and Liar’s Poker . The first written by the recently departed Tom Wolfe, the second by Michael Lewis, who recalled telling his daughter on the way to interview Mr. Wolfe in 2015, “I want at least one of my children to meet him. I think he’s a big reason it ever
The New York Times reminded us that two things which go together are a currency crisis and prostitution. The featured story on October 28 was the red light district in uber-depressed Athens where “Dimitra, a middle-aged woman who lost her [flower] shop in the crisis and now works as a madam on Filis Street. ‘I used to be called Mrs. Dimitra, but
Las Vegas survives on visitors and immigrants. The housing market depends upon those escaping California taxes and regulation with thousands in home equity to bid up home prices in Nevada, in general, and Las Vegas, specifically. The actual numbers, provided by WolfeStreet.com, are; 47,500 Californians moved to Nevada in 2017, while 23,800
We hear plenty about tech entrepreneurs not finishing college, notably Mark Zuckerberg, Bill Gates, and Steve Jobs. Clearly, success in business does not require a college degree. In the case of Kirk Kerkorian, high school wasn’t required. William C. Rempel’s The Gambler: How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in
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.