Quarterly GDP increased by 2% at an annual rate which means it increased by ½ of 1% for the quarter. Almost ¾ of that growth was the result of building inventories so we are left with about 1/2 % at an annual rate or .14% for the quarter. If the buildup in inventories represents correct entrepreneurial insight regarding better business in the
From Turkey’s English Daily As the Austrian economists Ludwig von Mises and Friedrich Hayek have amply shown, creating money out of thin air, flooding the economy with cheap credit, and keeping interest rates artificially low – as Western banking systems have been doing more or less continuously for decades, and particularly so in the years
A University of Georgia student passed himself off as a veterinarian. He managed to get a job with a private company, but was quickly discovered and dismissed. He then got a job as a supervisor of meat inspection with the US Department of Agriculture and lasted for four years! The USDA ignored tips that he was a fake and was only dismissed after
Everyone is singing the praises of the Federal Reserve’s next round of “Quantitative Easing” to the tune of nearly $1 trillion. Those in favor extol the virtues of the magical printing presses as if we all had been given a free cruise on the ship Queen Elizabeth 2. The truth for most of us is closer to 3rd class tickets on the Titanic.
CNN is reporting on the skyscraper curse in Dubai today . (CNN) -- When the Burj Khalifa officially opened in Dubai on Monday, much of the world press noted the irony of the world’s tallest building unveiled just weeks after the emirate’s debt crash. But a look at the history of record-breaking skyscrapers and business cycles suggests otherwise --
A todos los presidentes les preocupa su popularidad. Tratan de mejorarla con una oratoria apasionada, cosas gratis para los bloques de votantes influyentes, nuevos programas que cuestan miles de millones, fotografías impactantes y por supuesto guerras para unir al país detrás de su valiente líder. En la mayoría de los casos, eligen medios de ganar
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.