Incredibly, Donald Rumsfeld compares the current situation in Iraq , ruled by a occupying foreign military power that is widely despised, to the US in the years following American Revolution (WSJ). (A closer analogy would be the years preceding the Revolution). In passing, he smears the Articles of Confederation, which he says ”failed miserably.”
The WSJ on the Martha mess : Mayhem Over Martha Federal prosecutors have finally distilled criminal charges from the Martha Stewart matter, though too late to see themselves portrayed in the recent CBS celebridrama about her. Too bad for Hollywood: The fingerprinting and arraignment that followed yesterday’s indictment would have made a vivid
According to CNN , Greenspan “showed his whimsical side Thursday” in a casual talk to class of inner-city students. When he was 16 years old, “he joined a traveling band, playing clarinet for $6 a week plus room and board.” “Money was money back then, it really bought something,” said Greenspan. He was born in 1926, so the year would have been
CNN: Unemployment rises to 6.1% : The unemployment rate rose to 6.1 percent in May as businesses cut thousands more jobs, the government said Friday, extending the labor market’s prolonged slump. Unemployment rose from 6.0 percent in April, the Labor Department said, to the highest level since July 1994. Economists, on average, expected a jobless
A wonderful piece by John Naughton of the Observer , thanks to Karen De Coster at the LRC blog . Naughton writes: “In fact, when it comes to many topics in which I have a professional interest, I would sooner pay attention to particular blogs than to anything published in Big Media - including the venerable New York Times. This is not necessarily
If Mises and Rothbard emphasized the crucial monetary point that “while an increase in the money supply, like an increase in the supply of any good, lowers its price, the change does not—unlike other goods—confer a social benefit,” the chairman of the central bank has a different view. According to the Washington Times , Twelve-year-old Shannon
Austrian-style analysis in “ Money for the Market “(CNN): Think stocks have gone too far, too fast? Think the rally has got out of hand, and the market is way too expensive? You may be right, but with all the country’s cash spigots cranked open, things could get a lot nuttier. Indeed, today’s environment is beginning to look similar to what
The New York Times business page runs a headline unsupported by the content of the article: “The Man Pushing America to Get on the Internet Faster: Peter K. Pitsch, a self-described staunch free-market Republican, is pressing the government for a national Internet policy.” Sounds awful, until you find that he only seems to be looking for tax
The blog seems as good a place as any to announce the results of the Rothbard Graduate Seminar’s Mündliche Prüfung (optional oral exams for honors credit). Brad Barlow and Stephen Carson passed, and Jan Havel and Peter van Maanen passed with honors. Congratulations to all!
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.
