Tonight, the second-most-popular televised football broadcast of the year takes place from New York’s Radio City Music Hall. ESPN will broadcast round one of the NFL Draft, with the remaining rounds to be broadcast on Friday and Saturday. An estimated 40 million people will watch the draft, an event that even for the most interested fan moves at a
What everyone who pays attention already knows hit the front page the other day: Social Security will exhaust its reserves by 2033. That’s 3 years sooner than previously projected, and, most importantly, a scant 21 years away for those hoping to retrieve some of what they put in over the years. The Social Security Administration is kind enough to
When most people think of starting a business, or contemplate others doing so, the common belief is that a person should go into a business they have knowledge in — not just something they know about, but something they know lots about. But is expert knowledge of a particular industry really a prerequisite to opening a new business in that
Like a lot of baby boomers I make my living sitting behind a desk. Unlike my father who stood and cut hair all day, or my grandfathers, one who was a farmer, the other a carpenter, my job in the deflating credit bubble business requires no physical exertion — just mental stress. So, the idea to do yoga seemed like a natural. After a few months of
With prices at the pump in the $4-per-gallon range, people are starting to think twice about taking those unnecessary trips. And it’s likely to get worse. “As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or a major oil supply disruption could lead to $150 — $200 a
The dealing has started at this year’s World Series of Poker (WSOP) in Las Vegas. It seems America has gone poker crazy. The game is now televised and shown at all hours of the day and night, watched by millions all over the world who no doubt fanaticize about playing at the final table of the WSOP and winning it all. And, why shouldn’t they?
Despite this being a nation of people who don’t read, everyone seems to be in the book-selling business. My local grocery store is now peddling the printed word beyond daily newspapers and a certain financial weekly that I’m addicted to. Admittedly, I’m drawn to books, like women are to shoes and pocketbooks. I don’t need any more, am running out
If that investor idiot savant Warren Buffett has anything to do with it, we’ll have eight more years of rule by the Bush and Clinton clans (1989 to 2016). Supposedly he’s the king of capitalism, but he’s stumping and raising millions for Hillary. No doubt his father is rolling over in his grave. Howard Buffett was a four-term member of the House
Imagine an America when a writer occupied the rarified air in the public consciousness that movie stars and athletes do today. A man who believed first and foremost in freedom, writing: “I believe that all government is evil, in that all government must necessarily make war upon liberty.” It was the 1920s and H.L. Mencken was both America’s
In response to the meltdown of financial institutions, unprecedented power has been unleashed by the federal government. Between actions by the Federal Reserve, the TARP, guarantees made by the FDIC, and other direct bailouts, the total comes to nearly $8 trillion. That’s over 30 times the inflation-adjusted cost of the S&L bailout, according to
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.