Hey you conservatives and libertarians, don’t you criticize President Bush, he is so smart bla, bla bla, he knows that if the government don’t spend $200 billion on New Orleans, some other American city will be nuked by terrorists bla, bla, bla $200 billion is nothing compared to the inflated value of American property bla, bla, bla Bush know how
Sweden has in recent decades like all highly welfare statist countries in Europe had problems with a weak economy--something which is particularly apparent in the labor market. Employment--both measured as the number of people employed or total hours worked--is now lower than it was 30 years ago even though population has increased some 10%. As a
When Paul Krugman isn’t writing nonsensical columns praising welfare statist intervention in Canada or France , he can sometimes write interesting columns. His latest one on the housing bubble was quite good. Although he doesn’t acknowledge that Fed policy is responsible for it this time (which would mean a implicit endorsement of the very
In recent months, certain Bush supporters have been gloating over the recent surge in federal tax revenues and the resulting reduction in the budget deficit, claiming that it vindicates the Laffer curve. There are however some problems with their position. First of all, why would a libertarian or small-government conservative be happy about rising
Today it was reported in the Swedish business news paper Dagens Industri that Foreign Direct Investments in Sweden fell to zero during the first half of this year. It would be interesting to see how a certain Paul Krugman explains that. Last month, as you may remember, Krugman made a big deal about a decision by Toyota to build a car factory in
The Norwegan party Fremskrittspartiet (The Progress Party) who in last year’s election became the second biggest party in Norway with 22.1% of the votes and who according to the polls have now surpassed the Labor Party to become the biggest party, will soon hold a “Ideology course” (Thanks Ninja economist for the tip) to educate its members about
Before he became Fed Chairman, Ben Bernanke became infamous as a crazy inflationist willing to go as far as dropping dollar bills from a helicopter if necessary to safeguard the existence of price inflation, earning him nick names like Ben “Printing Press” Bernanke, Ben “Helicopter” Bernanke and Ben “Black Hawk” Bernanke. This was troublesome for
For the third month in the row, “core” consumer prices, which the Fed and accordingly also financial markets have decided to focus on ( for irrational reasons ) showed a 0.3% increase , which translates into an annual rate of more than 3.5%, well above the official comfort zone. The driving factor behind this recent pick-up in “core” inflation 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.
