Early on in the most recent meeting of the National Association of Business Economists (NABE) in Chicago, Dan Ratner, one of President Obama’s tech gurus for the 2012 election cycle and expert in the hip field of Big Data mining, stated to his audience that “there is no such thing as truth. There is only the most recent updated version of it.”
Dana Milbank doesn’t like Paul Ryan’s budget proposal that was released this week. Why? Well, Ryan cuts spending on the poor in order to pay for tax cuts for the rich. Milbank writes: >> Paul Ryan, outlining his latest budget proposal in the House TV studio Tuesday morning, said the policies of the Republican presidential nominees “perfectly
From the local paper this morning, a story about the growing trend of new housing developments providing their own sewage treatment facilities on-site. Excerpt: Homebuyers like knowing their rates are protected, particularly in Jefferson County, where county sewer system rates have shot up 329 percent since 1997. Homeowners also like the idea that
Harold Meyerson, writing in the Washington Post, calls for a new New Deal. The old one worked just fine, and current times call for some of the same medicine. Harold says it, and he’s not alone. FDR’s nanny-like visage has been showing up on left-liberal and neocon publications -- web and print -- by folks who don’t understand that their favorite
The Wall Street Journal ‘s Mark Gongloff quotes Lehman economist Ethan Harris in this morning’s “Ahead of the Tape” column: In the rush to enact a timely package, politicians may have stopped a 2008 recession, but they have ignored a risky letdown -- after the election. [The U.S. faces ] another brush with recession in 2009” [for this reason].
It is not a good thing to destroy wealth. Bastiat puts it this way: “Society loses the value of things which are uselessly destroyed.” It sounds like an unexceptional claim. But herein rests the core case against everything the government does. Perhaps, then, we can see why the allegory is not better known. If we took it seriously, we would
The U.S. government’s military ventures in Iraq are now costing $400 million a day--$533 million a day if you add Afghanistan--according to Linda Bilmes and Joseph Stiglitz in Sunday’s Washington Post. They write: Why doesn’t the public understand the staggering scale of our expenditures? In part because the administration talks only about the
A mini-controversy in Alabama is repeated, in my forms, around the country. In its current form, it goes like this . A public official from Party A, a member of the state school board, attacks another public official from Party B, a woman who happens to serve in the state legislature while serving as a high official in the state’s two-year college
While Sovereign Wealth Funds have existed for several decades, it has only been in the last few years that their investment schemes have been investigated and scrutinized. While their portfolios and long-term goals vary, one common trait every state-controlled investment fund shares is that the initial seed money came from the pockets of coerced
Only on Friday, did the Fed take two sizeable steps to reliquefy financial markets: firstly by increasing its new Term Auction Facility to $100 billion from the previous $60 billion and also by introducing another $100 billion of 28-day term special repos. The importance of the first is that the facility is not just available to primary dealers,
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.
