The American Economic Association recently held their annual conference in Denver. David Warsh reports that members were working on a variety of thorny issues, like what caused the economic crisis, how to prevent future crises, and even what to name the current crisis. No solutions are yet available. On a promising note, he reports that there
Here is Paul Krugman from his blog trying to deny that he was a persistent advocate for the housing bubble and below that are quotes from him just prior to the bubble taking off. ht Benjamin Lee ============================================== “And I was on the grassy knoll, too” One of the funny aspects of being a somewhat, um, forceful writer is
Dubai is delaying payment on its debts and that has sent stock markets around the world lower. This could be a trigger that reverses the remarkable bear market rally that has taken place since March. Dubai was also the location of the crisis signal in the Skyscraper Index in August 2007. Things have become increasing less optimistic in what was
The Dubai tower, the tallest structure in the world, will be open on Monday amidst much concern and security. The tower actually set the record for the highest structure in the summer of 2007 sending a crisis signal for the skyscraper index. Since then Dubai has had to borrow $25 billion from its neighbors to keep the lights on. It would seem that
Celebrate Star Wars Day: Here Are My Review/Previews of the Prequels. It’s all About the Battle of Ideas! Review of Star Wars: The Phantom Menace Review of Star Wars: The Attac k of the Clone s Preview of Star Wars Episode III: Revenge of the Sith .
I am regularly asked what can be done to solve the problem of “urban blight” in places like Detroit. The question is usually asked with exhausted desperation and a shrug, as if there are no possible answers. The cause of this “blight” is the root of the problem, and when ignited by police brutality, sets off riots in cities like Ferguson and
60 Minutes did a segment on David Rubinstein, one of the founders of Carlyle Group which was established in 1987. Carlyle is one of the largest private equity firm and the only major private equity firm to be based in Washington DC. The company controls enormous assets all over the globe and is noteworthy for being connected to many influential
Janet Yellen was answering at the “Finance and Society” conference in Washington DC from Christine Lagarde, the Director of the International Monetary Fund when she said: “I would highlight that equity market valuations at this point generally are quite high,” Yellen said. “There are potential dangers there.” However, she assured the audience that
The 2014 book Homer Economicus was the subject of a question on the TV show “Who Wants to Be a Millionaire?” The editor of the book Josh Hall put together a very accessible book of essays that explains economic concepts through association with the hit TV show The Simpsons. I have a chapter in the book, “At First I Thought Prohibition Was a
It is not a big stretch of the imagination that Europe is facing an economic crisis. Even optimists admit that there is some potential for a crisis to develop. However, my skyscraper model has issued a crisis signal. The signal comes in the form of the Shard , now the tallest building in Europe. The skyscraper model holds that when there is a new
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.
