Rep. Ron Paul had a very nice conversation with Rachel Maddow on topics ranging from the GOP to H.R. 1207 (bill to audit the Federal Reserve). View the video here .* * Note: The part of the video directly concerning Dr. Paul begins at approximately the 3:05 mark. For more information about H.R. 1207, including the full text and a list of
Marketers love to entice potential consumers to try their product by adding an endless string of qualifiers. We have all heard commercials wherein the widget is claimed to be the “number one all metal, blue colored, American made, union produced, hand crafted, widget sold in the greater Anytown, USA area!” It looks like this marketing strategy is
The Bureau of Labor Statistics reported today that the Producer Price Index (PPI) rose .4% last month. This inflation is exactly what Austrians would expect to result from Helicopter Ben running his dollar-printing presses at full speed. Though everyone who buys things should be concerned about this inflation in finished goods, the talking heads
One can not help but find what is perhaps the strangest news story of the day a bit prophetic. A man in north Texas received a $23 quadrillion Visa bill. The charge was made at a restaurant in Dallas. Obviously this was a computer error and this gentleman didn’t run up 200 times the national debt on his visa. However in Weimar or Zimbabwe such a
Germany will likely give Greece a second bailout in the very near future. Simon Hobbs tries to explain the incredibly tangled web from which the European Central Bank dangles above disaster. Hobbes suggests that a Greek default could lead to Ireland defaulting, which could lead to the collapse of the ECB. Hobbs concludes, “Importantly, provided
Jeremy Scahill, writer for the famously liberal magazine The Nation just published a brilliant piece on the Obama administrations secret and illegal war operations in Somalia — a country which has been effectively stateless for two decades. Scahill’s piece, The CIA’s Secret Sites in Somalia is being largely ignored by most major news outlets but
CNBC brought its usual A-game this morning when its in-studio guest Constance Hunter, Chief Economist for Aladdin Capital Holdings, was called upon to comment on the CPI data released. Immediately after the government reported “headline” CPI increase of .5% and “core” (everything but food and fuel) CPI increase of .2%, market maven Hunter was
Reuters reports that an entrepreneur in Dubai is now offering 24-carat gold tattoos. For $50 you can get one of the more simple designs but more elaborate ones go for $5,500. The gold body art reportedly lasts for about a week. Gold is becoming wildly popular and people are finding ever more creative and interesting uses for the malleable yellow
“Cool” or “sexy” probably aren’t the first words that jump to mind when Austrian Economics is mentioned. In fact, Bob Murphy’s hilarious caricature of the middle-aged libertarian still living in his parents’ basement pretty much sums up public perception. That is changing; Pacey and Jack Ash of rock band Fly-by Radio are leading the way in making
An incredible article appeared on Times Live today, authored by Iv0 Vegter, featuring a quote by Per Bylund . The piece addressed the issue of Zimbabweans illegally immigrating to South Africa to escape the economic hardship imposed by their dictator. The piece not only addresses the specific case of South Africa but also migration as a whole.
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.