Unusual to see this level of understanding in the mainstream business press : Money, It’s a Gas (CNN.com): “The wall of money bearing down on the economy has begun to hit. We’ve known it was coming for a while. The shift in Fed policy from promoting disinflation to fanning the flames of inflation, the outsized tax cut by Washington, the easing
Lew Rockwell on Bush’s proposed Head Start reform : “There is no worse way to begin life in this world than with a dependency relationship to the state as versus parents. Parents are led to believe that there are no costs or responsibilities associated with raising kids, and kids are led to think of the government as their benefactor. This
This transcript from a May IMF forum on deflation makes for interesting reading, if only to highlight the extent to which the mythology of the inflation fix is so seriously entrenched among IMF economists: “In sum, while risks of generalized global deflation appear small, there is an increased vulnerability to deflation in several countries. The
Ex-Officials Dispute Iraq/al-Qaida Links (Washington Post): “As President Bush works to quiet a controversy over his discredited claim of Iraqi uranium shopping in Africa, another of his prewar assertions is coming under fire: the alleged link between Saddam Hussein’s regime and al-Qaida.” Of course anyone who was following the news closely, and
Going for the Look, but Risking Discrimination (NYT): “Hiring for looks is old news in some industries, as cocktail waitresses, strippers and previous generations of flight attendants know all too well. But many companies have taken that approach to sophisticated new heights in recent years, hiring workers to project an image. In doing so, some of
Spitzer plans action against Morgan Stanley-report (Reuters): “New York State Attorney General Eliot Spitzer plans to bring forward on Monday a “significant enforcement action” against Wall Street investment bank Morgan Stanley MWD.N , Bloomberg News reported, citing two people close to the investigation. And a report by The Wall Street Journal,
The Road Ahead in Iraq, and How to Navigate it, by L. Paul Bremer (NYT): “We are pouring resources into re-establishing basic services and creating jobs....We are also creating a social safety net for any resulting disruptions. And we believe that a method should be found to assure that every citizen benefits from Iraq’s oil wealth. One
by Mark Thornton It is especially noteworthy that the Austrian predictions all provided an economic explanation of the bubble and that their explanations were relatively consistent across the group. To generalize, they saw the Federal Reserve as following a loose money policy that kept interest rates before the rates that would have existed in
Bush Approval Rating Falls on Economy, Iraq (Bloombeg): “A USA Today/CNN/Gallup Poll of 1,003 adults over the weekend found that only 45 percent of those questioned approved of his handling of the economy, while 51 percent
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.
