Gold Bugs Get their Answer (Insight): Gold bugs have for years contended that the price of gold has been manipulated by bullion banks in cooperation with the central banks. Based on the admission of Barrick’s attorney, it appears the central banks are indeed very much involved if only to assist in Barrick’s
Charles McCann is finishing up editing a Dictionary of Quotations by Economists (or some similar title) for English publisher Edward Elgar. He says that Ludwig von Mises is the #1 most quoted economist in his book.
Thanks to David Nichols at 21st Century Alert for citing Frank Shostak’s piece in today’s “Morning Briefing”: “In this essay, the author makes a detailed argument why the pumping of the money supply can cause a ‘reshuffling’ of assets in the short term, but that ultimately this is not a solution if the pool of real savings and real wealth in the
We continue to hear wonderful comments on Roger Garrison’s Hayek Lecture at the London School of Economics. ( Read his published paper .) LSE head Tony Giddens said: ”The lecture was excellent and the dinner discussion sophisticated.” Also, Garrison met at 10 Downing Street with economic advisers to the PM. More information to
The US is dishing out the big bucks to US firms assisting in the “rebuilding” of Iraq, and the Washington Post offers a look into how it’s done. Back in November, Creative Associates of DC was consulted in how contracts ought to be awarded in the reconstruction of Iraq’s educational system. When bidding time came, Creative Associates seemed like
I couldn’t resist bidding on a few of the Saddam Dinars available through Ebay . I ended up with four 100-dinar notes and four 250-dinar notes, all uncirculated. I paid about $1.00 for each. It appears that face value is not an issue here, except for the 10,000-dinar notes that Iraqis do not want but for which Americans are paying as much as
Edmund L Andrews filed the chilling story ” Why Wheels of Recovery Are Spinning in Iraq “ for the NYT: “Electricity, essential to restoring normalcy to business and personal life, remains crippled because looters are stealing copper cable as quickly as it is being installed. Oil production, Iraq’s main source of income, is still far below its
Economy Seen Poised for Recovery (AP): “The U.S. economy has taken hits during the past three years from the bursting stock market bubble, a recession and terrorist attacks. Conditions now, finally, offer the prospect of better growth during the last six months of the year. But forecasters concede they made similar predictions in 2002 and 2001 and
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.
