William Pesek, Jr., of Bloomberg discusses Mark Thornton’s new Working Paper on Mises.org on the skyscraper index as a proxy for the business cycle. “It’s these features that make skyscrapers, especially the construction of the world’s tallest building, a salient marker of 20th century business cycle,’’ Mark Thornton, senior fellow at the Ludwig
Now only a couple of weeks old, the Mises Economics Blog has been an extraordinary success. We’ll keep working to improve it with more features, among which (I know) should be permanent links to other blogs. Okay, let’s start with a site I only found out about today: Catallarchy , the existence of which was pointed out by Ramesh at NRO. And a few
For years, the American political class has propose socialistic “solutions” to the problem of high prescription drug prices. Well, the market has found a way around the problem, as the New York Times Reports in its story “Canada Fills US Prescriptions Under the Counter .” What we have here is an example of free trade that benefits all consumers,
H.B writes concerning prescription prices ( blogged here ): “ I don’t understand the logic behind his reasoning. This isn’t free trade that benefits all consumers! This is an example of how price ceilings cause shortages. In this case, Canada has artificially lowered its pharmaceutical prices. If Americans consistently purchase drugs from Canada
Frank Shostak, in his May 20, 2003 column , said: “Europeans are printing money at a faster pace now than Americans. Given the fact that the effect from changes in money supply operates with a lag, this means that the strong rebound in the excess money growth differential between the EMU and the U.S. raises the likelihood that in the months ahead
LRC today links to the Rockford college graduation speech by Chris Hedges , today’s leading authority on the collectivism of war mania and its social, cultural, and political effects. I’ve been reading his wonderful book, War is a Force that Gives us Meaning , which offers great insight into why the president becomes so popular in war, why the
The Motley Fool offers commentary on the WSJ’s story that Greenspan will soon appear on television spots to promote www.FederalReserveEducation.org . “we applaud the Fed’s effort and hope the content will become more relevant over time. We also firmly believe that — in its related links area — the Fed should link to The Motley Fool for free,
See the press release from the Manufacturers alliance/MAPI Analysis : “Manufacturing Continues to Struggle”: “First-quarter 2003 figures show that 14 of the 28 industries tracked in the report had inflation-adjusted new orders or production above the level of one year ago, down from 17 industries in fourth-quarter 2002. Top industry performers
Euro exceeds launch value (BBC): “By 1200 GMT the European single currency was worth $1.1789, up more than a US cent against the dollar. That value was easily in excess of the $1.1747 rate at which the euro closed on its launch day four years ago. And it puts the currency within a whisker of its all-time high, achieved during that first day’s
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.
