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Con Temporary Art Auction Record — Sheep line up to be fleeced Inflation revealed its ugly head again in New York City — where the money is. Christie’s set another record contemporary art auction record of $852.9 million exceeding both the high estimate for the auction and also the recent record it set in May of this year. How many do you have in

Michael Pullaro over at Forbes.com warns that the Austrian measure of the money supply is exhibiting a deceleration in its growth rate indicating potential trouble ahead in bubble related economic activity. Joseph Salerno on the True “Austrian” Money Supply The U.S. money supply as represented by TMS2 (True “Austrian” Money Supply), our broadest

Best known as the coauthor of The Calculus of Consent: Logical Foundations of Constitutional Democracy (with Nobel Laureate James Buchanan) and the founding and long time editor of the journal Public Choice, Gordon Tullock died November 3rd at the age of 92. Tullock was a revolutionary thinker who pushed economic analysis into the study of such

This has been a great election season. I don’t watch much local TV so I have not been inundated with the attack ads. Very few yard signs. Very little political discussion within my group of friends and colleagues. Additional good news is that the American people hate the Congress, support for the President is tanking so bad that he is not on the

The Bank of Japan announced an unexpected major increase in its Quantitative Easing policy increasing its purchases from 50 to 80 trillion Yen sending US stock markets to all time highs and Japanese markets to multi-year highs. Some people made a bundle because of the move, others lost a bundle. NEW YORK (MarketWatch) — U.S. investors scored a

Malinvestments from the business cycle are usually hard to detect, easily concealed, or quickly converted to new uses. That doesn’t erase the losses. However, there are instances where investment project are begun that do get stopped in their tracks and abandoned. Here are the 5 tallest skyscrapers that were unfinished . Building a house is

Austrians gathered at the Southern Economic Association’s annual convention in Atlanta recently. In attendance were several Mises Fellows, Mises Summer Fellows and even graduates of the Mises University. I organized a session called “Mundane Economics.” The idea behind the session was to use the ordinary tools of economics and hard work to defeat

Season five of the smash hit British period drama, Downton Abby , begins in six weeks. The series continues the fictional story of the aristocratic Crawley family and the family’s friends, relatives and servants set in and around the Downton Abbey estate. The series recounts the day-to-day lives impacted by all the great events of the early

One World Trade Center, originally named the Freedom Tower, has been under construction for many years and only recently opened for business. It has been granted the title of the tallest building in the United States and the Western Hemisphere by the Council on Tall Building and Urban Habitat. However, the title is controversial because the

In what is surely the lamest attacks on the gold standard, Federal Reserve David Andolfatto tries to justify the central bank by pointing to a problem that is actually encouraged by the Federal Reserve. The video suggests correctly that critics oppose inflation and higher prices, but then does not address that issue at all or admit its guilt.