Congresswoman Maxine Waters on what she’d like to do with the oil industry: Congressman Barney Frank on what he’d like to do with the medical industry: UPDATE -- one more: Video has been removed
President Obama just revealed at the New Hampshire “town hall” that he rejected Federal government supplied insurance for himself and his family when he was in the U.S. Senate, and instead of the government regulated stuff he took advantage of his wife’s private insurance supplied via her $317,000 per year political fixer/politician’s wife job
Think of General Motors as the metaphor of the Keynesian economy in one company -- massive simultaneous spending on unsustainable capital investment and unsustainable consumer consumption. Or as Bloomberg reporters Doron Levin and John Helyar describe it, “burning the furniture in order to stay
Economist Robert Frank has discovered a Ph.D powered economic perpetual motion machine that lifts itself by its own bootstraps, as explained by Mark Steyn : The stimulus will work because enough economists are saying it will work that their prestigious postnominal credentials will impress enough of the masses into thinking it will work, which in
Glenn Beck’s show on Hayek’s The Road to Serfdom featuring Mises Institute Senior Fellows Yuri Maltsev and Tom Woods: — crashed Hayek’s Wikipedia entry . — sent the GOOGLE search phrase “The Road to Serfdom” to “volcanic” status and #1 on Google Trends . — rocketed the audio version of The Road to Serfdom to #2 on iTunes. — launched The Road to
“To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.” -- Paul Krugman in 2002 I think of Paul Krugman as the great Naked Emperor of the
Newly constructed home in Victorville, CA north of Los Angeles being demolished by the Guaranty Bank of Irvine. From the news story : A Guaranty Bank official, Real Estate Officer Dean Smith .. said it was a choice of pumping their own money into property site improvements and additional money to bring the home up to code or tear down the 16
[UPDATE: Welcome Instapundit readers. Check out the comments section below for additional eyewitness accounts of mile after mile after mile of mothballed rail transport cars in Eastern Colorado, outside of Bakersfield, south of Olympia, Washington, south of Corvallis, Oregon, and southwest of Phoenix, etc., rail cars used to transport lumber,
Greatest. Economist. Ever? Jorg Hulsmann’s Mises: The Last Knight of Liberalism pays for the price of admission on the first page with a priceless picture of Ludwig Mises at the age or 6 or 7. Here is an innocent, a child, looking out meekly upon the world, a child who as a man would later be reviled by his ideological and scientific opponents and
First impressions of the Hulsmann biography of Ludwig Mises? I’m impressed with the scope of research and the contextual richness of the story being told. A work like this is by its nature a heroic undertaking. Hulsmann in the first pages is up to the task, where many biographers are not. I like that many quotations from secondary sources are
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.