Interviewed by Albert Lu, Mark Thornton breaks down NASDAQ’s recent 5000-mark performance, including what’s behind the movement and what it reveals about the possibility of a biotech bubble in our economy. He also discusses the existence of other ongoing bubbles and what we can expect to happen. Dr. Thornton frames his analysis using the Austrian theory of business cycle.
The Austrian Economics Research Conference began this morning. Here are some first photos.
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Mises Daily Thursday by David Gordon:
George Kateb's new book, Lincoln's Political Thought , is an important addition to Lincoln scholarship. Kateb appears to understand that Lincoln was more of a nationalist than a moral crusader, although Kateb's conclusions about the Civil War inspire skepticism.
There’s an interesting story in the news
Mises Daily Wednesday by Brendan Brown
Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.
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The Austrian Economics Research Conference begins Thursday morning. Listen LIVE.
The GOP’s problem of establishing itself as the party of limited government has much more to do with action not rhetoric, framing, or sound bites. Actual actions speak much louder than words. The Republican power elite still remains, by action, a party committed to what is now called crony capitalism but should be more appropriately recognized as modern mercantilism, the unvanquished foe of liberty.
