Father James Sadowsky is not a well-known figure of the libertarian movement. But he is a pioneer. One of a small band of enlightened people who were meeting regularly in Murray Rothbard’s apartment in Manhattan in the early sixties, to discuss revolutionary ideas which today can be shared with hundreds of thousands of people through the Internet.
Despite the impressive rally in tech stocks and virtually no reporting on the gold market, Nasdaq has a long way to catch up with precious metals. This is a two-year chart of the two markets. The media barely mentioned that the gold index (XAU) hit a 52-week high this past week.
Daily Commentary By Rockefeller Treasury Services http://www.rts-forex.com So why is the Fed doing it? To assert leadership and to tell the people that someone in Washington is minding the store. The current administration has been weak on economics and finance. It has misrepresented or lied about a lot of things, including budgets and tax cuts;
It seems that the US government has once again been misleading its subjects. It turns out that marijuana may pose fewer long term risks than many legal products and certainly fewer than the risks posed by government itself (e.g. Iraq) LOS ANGELES (Reuters) - Smoking marijuana will certainly affect perception, but it does not cause permanent brain
On my way to Oxford to participate in the Oxford Union debate, I stopped off in London to tour the venerable Institute for Economic Affairs which has been promoting free market ideas for many decades. I had the great pleasure to contribute a chapter to one of their book publications — Prohibitions a few years back. I was given a great tour of the
At the Oxford Union, debates are carried out in teams. My team consisted (from left to right) of a Liberal Democrat Member of Parliament from Cambridge, Julian Huppert, myself, David Browne, the student member from Merton College, and Richard Cowan, the former Director of the National Organization for the Reform of Marijuana Laws (NORML). We were
Dear Jude Wanniski: Thanks for sending out the Wall Street Journal editorial by Professor Phelps. Some good points to be sure, but he presents an incorrect view of the Austrian school’s theory of the business cycle. The Austrian theory is not an overinvestment (i.e. “too much”) theory, it is a malinvestment (i.e. “wrong ones”). Naturally, his
Here is my letter to the editor concerning Bob McTeer’s piece, June 4, 2003 . By the way, I had already critiqued him in Monetary Hawks and Doves (Mises.org, Sept 30, 2002) Dear Editor, Wall Street Journal : When the great 19 th century economist Frederic Bastiat is quoted in the Journal it is encouraging. When John Maynard Keynes is endorsed
AP : “Housing construction cooled last month as the number of housing projects builders started plunged 13 percent. The decline is the biggest in nearly 11 years and it takes housing starts to a seasonally adjusted annual rate of 1.77 million units, the lowest level since May 2003. The Commerce Department also reports that a sign of future
Congress will hold hearings tomorrow where Congressman Weiner plans to grill Goldline executives over their gold business. Specifically Weiner thinks they are charging too high a markup on the gold coins they sell, charging an average 90% markup on the coins they sell. Unfortunately, a quick check of the Goldline website and a few of their
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.
