The press has gone wild over this Afghanistan war news : the deaths, the coverups, the slaughter, the screw ups, the lies, etc. etc. I haven’t read every bit of news on this but it seems pretty much like a fleshing out and summary of what has appeared on antiwar.com every day for many years. I’m not surprised at all. What am I missing here? Is it
Thorstein Polleit has an article coming up on MIses.org, and it quotes Mises in a way that is just too interesting not to blog ahead of time, however tacky it might be for me to loot a forthcoming article of some of its best material: The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and
Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression,
Robert Shiller warns that taxpayers–those stupid people who irrationally object to being looted to benefit large banks and corporations because these stupid people don’t understand how stealing trillions is actually a necessary and wonderful thing–are not up for another round of bailouts, and yet such bailouts are inevitable. In fact, they’ve
NYT, March 16, 1913, on the eve of World War I: “The news of the assassination of King George has caused profound emotion throughout Greece. Telegrams confirming the report of the murder were received this evening from Prince Nicholas and from the Greek Administrator of Salonika, but full details of the crime are lacking. According to the
First quarter data look terrible , with another productivity slam but we once more get the media spin: be happy because things are getting worse at a slower pace that before. Say, does anyone remember that President Bush’s amazing Keynesian program of countercyclical policy–debt, spending, inflation, regulation, bailouts–was supposed to prevent
Don’t you love the way the NYT reports all bad economic news under Obama? Somehow everything is oddly turned into good news. The “most painful downturn since the Great Depression has yet to release its hold”–what did you expect buddy?–and yet it is not so bad since “the figures for June did show signs that the pace of job losses is continuing to
The PPI was released yesterday (up 1.8% in June) and today the CPI appears , showing an upward move since December 2008, and now rising at a 3-month seasonally adjusted annual rate of 3.3%. The food index has stopped falling. “Most components of all items less food and energy posted increases; the indexes for shelter and medical care rose
GDP declines 1 percent, better than expected: “The economy shrank at an annual rate of 1 percent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close.” Maybe suggest your own versions such as: “Dresden bombing preserves more buildings than expected; GDP-boosting rebuild already
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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.
