The Raiders are coming to Las Vegas and the excitement is palpable. Three-quarters of a billion dollars of taxpayer money used as Raider bait seemingly hasn’t upset anyone. The arrival of the NFL after the Golden Knights’ first NHL season has local real estate salespeople, developers, casino owners and business folk dreaming of cashing in on a
The everything bubble continues with a Monet landscape going for a record $110.7 million. Katya Kazakina wrote on Bloomberg , “Painted in 1890, ‘Les Meules,’ from the artist’s series featuring haystacks, had been estimated [to sell] at $55 million. The final price includes fees.” Six bidders took the price from $45 million to $97 million in all of
Millennials are the focus of everyone’s attention in the housing business. With birthdates from the early 1980’s to the mid-1990’s up to the early 2000’s, this is the group sandwiched between Generations X and Z, the sons and daughters of Baby Boomers. Wikipedia (what else?) claims, “the generation has been generally marked by an increased use
Listen to the Audio Mises Wire version of this article. Here in the U.S. the financial markets are focusing on Fed Chair Jerome Powell’s herky-jerky monetary messages while politically the news is Trump’s two picks for the central bank board have taken themselves out of the running. Herman “9-9-9” Cain and Stephen Moore couldn’t take the heat
Listen to the Audio Mises Wire version of this article. Speaking at the Grant’s spring conference, Steve Hanke, master monetary economist, described the money creating business in the US as “Pretty much everything is well-behaved.” While the Fed does its best (or worst) to inflate, Hanke is one of the few in academics to understand that the real
Shannon O’Toole, according to the author’s biography on Amazon, “worked extensively to identify fraud in multiple government programs. She received countless accolades and honors for her achievements and finally the prestigious HUD Secretary’s Award for her work.” The talented Ms. O’Toole was a single mother needing a job when she showed up at the
In 1987 in an interview with “Woman’s Own” Margaret Thatcher said , “They are casting their problems at society. And, you know, there’s no such thing as society. There are individual men and women and there are families. And no government can do anything except through people, and people must look after themselves first. It is our duty to look
It was announced earlier this month that Piper Jaffray is buying boutique investment banker Sandler O’Neill & Partners L.P. for $485 million. The Wall Street Journal reported, Sandler O’Neill is a leader in advising small and midsize banks on deals, having been involved in 355 bank mergers since 2010, according to Dealogic. It is an area that
The Supreme Court has opened the door for legalized sports betting around the country. In May more money was wagered in New Jersey on sports than Nevada. In its first full year, New Jersey books have taken in $3 billion in wagers. Other revenue-starved states are sure to jump on the sports betting bandwagon, after all, it must be easy running
One of my borrower customers told me a long time ago, “builders build, when lenders lend.” That could have been the title of Richard Vague’s new book. Instead, his book is entitled “ A Brief History of Doom: Two Hundred Years of Financial Crisis .” If you’re looking for academic theory to explain boom and bust episodes, a reader won’t find much in
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.