And so is Arthur Brooks: College graduates today cannot afford to be “City Dolls”! “ A sturdy lad from New Hampshire or Vermont, who in turn tries all the professions, who teams it, farms it, peddles, keeps a school, preaches, edits a newspaper, goes to Congress, buys a township, and so forth, in successive years, and always like a cat falls on
Let’s not kid ourselves: the so-called party of free markets and business supports minimum wage hikes, at least when put to a vote. Ramesh Ponnuru reminds us how GOP Senators voted on the issue back in 2007, and even offers a different approach for conservatives seeking to win the hearts and minds of working-class voters: forget wages, just
Memorial Day provides the political class countless opportunities to ruin an otherwise thoroughly enjoyable holiday weekend. Like clockwork, local congressmen, mayors, city council members, et al. materialize at parades, picnics, and churches to give speeches about “freedom.” But what does freedom really mean? Just as we should repudiate Junk
In America, Memorial Day weekend (like Labor Day weekend) means big sales at most major US retailers. But the credit-fueled consumer frenzy of the early 2000s has come to a screeching halt, reports The Market Oracle : The pundits, politicians and delusional retail CEOs continue to await the revival of retail sales as if reality doesn’t exist. The
While gold seems to mostly flow from west to east these days, some of it apparently still flows south to north, according to Bloomberg. And it flows directly from Ecuador’s central bank into the coffers of Goldman Sachs. Ecuador’s Finance Ministry needs liquidity to cover a projected budget deficit of nearly $5 billion (pikers!) this year, and
Jeff Deist, president of the Mises Institute, recently spoke with The Free Market about his introduction to the Austrian School and his work with Ron Paul. The Free Market: How did you become interested in Austrian economics? Jeff Deist: My journey with Austrian economics and the Mises Institute began in 1992. I was fortunate to have a good
Larry Kudlow fret s that Janet Yellen simply doesn’t understand the need for a rules-based Fed model to guide the money supply and interest rates. Ms. Yellen, Kudlow informs us, should “limit her focus to stable prices and a reliable King Dollar.” “Stable prices”. “King Dollar.” This is rich. I wonder if Asian central bankers would agree with
Near London: We ventured down to the store, Azteco, yesterday to see what it was all about. What does a Bitcoin shop look like? Well, picture a large room, white walls and one desk – with a man hunched over a laptop – that’s it. You walk in, pay some money and founder Akin Fernandez prints out a voucher with your Bitcoin code. “I wanted to set up
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.
