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DEF CON is the premier annual convention of the hardcore hacking community. It began yesterday and runs until August 4 and is being held at the Rio Hotel in Las Vegas. One of the popular events at DEF CON is a game that is similar to “capture the flag” in which contestants vie to mine information from the websites of large companies like AT&T, Fed

You can now enjoy a three-part lecture series on the basic principles of money from an Austrian perspective. The series was sponsored by Congressman Ron Paul and presented exclusively to Congressional staffers. The lecturers were myself, Constitutional lawyer Edmund Vieira, and investor, author, and financial commentator Peter

On Thursday, stocks suffered their largest tumble since June due in large part to a so-called “spike” in the yield on 10-year government bonds, which rose by a measly 11 basis points, from 2.712% to 2.82%. This is further evidence of the very shallow and extremely shaky foundations of the current economic recovery, as anemic as it is, which is

Mark Gongloff of the Huffington Post responded to a surpassingly silly post of Christopher T. Mahoney’s , former vice chairman of Moody’s. Unfortunately, Gongloff’s post is almost as silly as Mahoney’s. According to Mahoney, Protestants stink at monetary policy, you know, because of the whole Protestant work ethic thing that if you get something

The flood of dollar-denominated debt has risen in Turkey, Brazil, India, and South Korea since Bernanke turned on the monetary spigot in 2009. Now it appears, according to a perceptive article by Landon Thomas, Jr. in the New York Times, that the end of the boom may be in sight as rumors swirl that the Fed will soon be tightening money. As Tim Lee

“The quantitative easing program is like a giant roach motel with a big welcome sign.”  So says fund manager Mark Feierstein, author of  Planet Ponzi , in this  short video interview . Although no Austrian, Feierstein has insightful things to say about the U.S. government’s lying statistics and the dire prospects for a world awash in Fed-generated

Steve Mariotti writes in The Huffington Post : Mises, the modern day creator of the Classical Liberal movement (today also called libertarianism) destroyed the intellectual arguments of socialism by proving that it was impossible to allocate scarce resources effectively without private property and free-market prices. He showed that the more the

In the French daily Le Monde , Mark Thornton recently commented on the ongoing drive to build more and more skyscrapers in China. In a feature from the business section entitled “Les villes chinoises veulent toutes leurs gratte-ciel géants,” Le Monde takes note of the phenomenon that is the skyscraper-dense Chinese city, and specifically, the

The following is a remark that Ludwig von Mises made in his famous NYU seminar, as recorded in the notes of seminar attendee Bettina Bien Greaves on September 26, 1957: {A}uthors who are commonly considered friends of freedom--and they are certainly very sincere and fine economists--want to tell us again and again that even Adam Smith and some of

Robert Lenzner of Forbes advises that you and I will be blindsided by the next financial crisis . Lenzner bases his reasoning on Yale economist Gary Gorton’s recent book Misunderstanding Financial Crises, Why We Don’t See Them Coming . According to Gorton the old-fashioned bank run is back, only in a different form. The recent financial crisis was