The usually sensible Larry White recently blogged a silly and petty comment on Hans Hoppe’s Mises Daily Article “ The Yield from Money Held’ Reconsidered. “ White quoted the following two (consecutive) paragraphs from Hoppe’s article: The second example [of supposed anti-Hutt thinking] is from closer at home, i.e., from the proponents of “free
A new book argues that not only was the doomed investment firm way overexposed to risky assets and beleaguered by bad management, but it also made the wrong choice when it was requested to help out LTCM ten years earlier. From a review : Bear had been the only big firm that refused to help out Long-Term Capital Management, a hedge fund that came
The Techdirt post Court Rejects Online Terms Of Service That Reserve The Right To Change At Any Time spurred me to post a comment about this, collecting some of the thoughts I’ve had about such matters for a long time. As I note there, my own theory of contract is presented in my article A Theory of Contracts: Binding Promises, Title Transfer, and
Congresswoman Maxine Waters on what she’d like to do with the oil industry: Congressman Barney Frank on what he’d like to do with the medical industry: UPDATE -- one more: Video has been removed
Monty Python put its funny stuff on Youtube to fight back against pirates : For 3 years you YouTubers have been ripping us off, taking tens of thousands of our videos and putting them on YouTube. Now the tables are turned. It’s time for us to take matters into our own hands. We know who you are, we know where you live and we could come after you
You might enjoy seeing how the New York Times spins an 8.9% unemployment rate as good news. “The Labor Department’s monthly snapshot of the job market presented the clearest evidence to date that the nation’s economic free fall appears to have been arrested. The acute shock that began last fall as the investment bank Lehman Brothers collapsed,
A Baltimore startup with less than 5 employees, WhoGlue , is suing Facebook for patent infringement, based on a patent it previously--unsuccessfully--tried to unload at a patent auction. The patent, no. 7,246,164 , is for a “Distributed personal relationship information management system and method”. In essence, they claim that Facebook infringes
I previously noted that NTP used the patent system to wring over $600M out of RIM, the manufacturer of the Blackberry smartphone. As noted by Mike Masnick , now RIM has coughed up another quarter billion dollars to another company, Visto (”coincidentally” a licensee of NTP). A quarter billion dollars--everyone yawns. Masnick asks, why did NTP have
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.