I hate to keep linking to these stories on a paid site because not everyone subscribes, but this one was too good. According to a Wall Street Journal story, Some frustrated dieters are doing what once would have been unthinkable -- eating more to gain pounds to qualify for weight-loss surgery. While celebrities like singer Carnie Wilson and
An article in the Seattle Times , Low interest rates lure young renters to homeownership , provides some insight into how the home market can be rising while the rental market is falling. Low interest rates. It also does a good job of repeating all of the usual fallacies about home ownership: “I’ve just been spending my money for the last 10
In this article, Silver - The Undervalued Asset Looking for a Catalyst , financial analyst Jim Puplava presents his analysis of why the prices of silver and gold will move higher as the financial system lurches toward a crisis. He draws upon the monetary and business cycle theories of Murray Rothbard in his analysis of how fiat money inflation
According to this article by Bloomberg reporter William Pesek, Asian investors, who own a huge amount of agency debt, are getting worried about the soundness of Fannie and Freddie. Freddie has recently been rocked by an accounting scandal. In spite of the denials by Fannie and Freddie that their securities are government-guaranteed, the Asian
According to the New York Times , the Fed is preparing a report finding that quasi-public quasi-private “Government Sponsored Agencies” Fannie Mae and Freddie Mac actually pass on most of their subsidy to their share holders rather than to home buyers as they claim.
UPI Columnist Martin Hutchinson has penned a fascinating essay titled Escaping from Depression , which sounds almost like Rothbard in many passages. “As I said, traditional Keynesian remedies for recession, trotted out every time there appears to be a problem, will not at that stage be available. However, there is a dirty secret about Keynesian
The New Yorker Magazine this week features a review of two investment classics, Benjamin Graham’s The Intelligent Investor and Burton Malkiel’s A Random Walk Down Wall Street . Benjamin Graham, one of the teachers of billionaire investor Warren Buffert, comes down on the side of financial entrepreneurship. Based on simple mathematical models
Financial writer Peter Eavis forecasts the consequences of the torrents of inflation that central banks led by our own print-meister Alan Greenspan, have unleashed on the world economy. “The fast-declining dollar we see today is an early indicator of the reckoning that Fed Chairman Greenspan has long tried to forestall, using unsustainable
Some years ago, Amazon.com patented the concept of having a “1 click order” button on their web site. Now, JP Morgan is trying to patent a busines deal that they did with MicroSoft. When MicroSoft changed its employee compensation from stock options to restricted stock, they sold the options to JP Morgan, who agreed to buy them as part of a
Economist Marc Faber, author of one of the more interesting books of the last year combining economics and investment ideas ( Tomorrow’s Gold ) provides his outlook for the coming year . I would describe Faber as Austrian-influenced but not Austrian. He mentions the Austrian theory of the business cycle in his book but gets it wrong. He is
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.