Exhibit A : Jeremy Grantham, a highly respected and successful value investor, wrote :: I would say that anything of which 75 per cent sits idly and expensively in bank vaults is, as a measure of value, only one step up from the Polynesian islands that attached value to certain well-known large rocks that were traded. Elsewhere , Grantham
Assume that you want to help the poor and the oppressed. If you get a job in a “public service” occupation like teaching or the non-profit sector, you will be showered with plaudits
Ever since the current depression began, the Fed and most Washington politicians have assured us that quantitative easing, low interest rates and stimulus spending would all combine to set the state for real estate to “lead us out of the recession.” As far as I can tell, this theory is based on the idea that if real estate values can be
My new Forbes article asks “ If We Win the Future, Who Loses? ” While we’re talking about it, here are a few other comments that correct some popular misconceptions: Misconception 1: The rich get richer while the poor get poorer, and the wealth of the wealthy is caused by the poverty of the poor . In today’s Philadelphia Inquirer , Steven
The excellent personal tech columnist Walter Mossberg discusses the marketing genius exhibited by Steve Jobs (who just announced his retirement ) throughout his career (see video below). About Jobs and Steve Wozniak’s introduction of the Apple II, he says, They popularized the idea of the personal computer. () But after bringing the personal
Amazon.com vs the Taxman is still in the news . Numerous states are still trying to stick their paws into Amazon’s pot to grab some of the company’s dough by nailing it with their sales tax laws. The state of Connecticut passed a new Internet tax law and contends that Amazon had a physical presence because it had affiliations with websites through
Modern classical music is primarily a project of the classical music industry’s managerial elites which has no basis in consumer demand. Despite decades of evidence that audiences do not like this music, the managerial elites continue to push this agenda. When challenged, their response is to blame the classical music audience for not liking the
Art Carden is an Assistant Professor of Economics and Business at Rhodes College in Memphis, Tennessee, a weekly columnist for Forbes.com , and a regular contributor to the Mises Economics Blog. He is also an Adjunct Fellow with the Independent Institute in Oakland, California, a member of the Mises Institute’s Adjunct Faculty, and a member of the
Stephan Kinsella is a registered patent attorney and General Counsel for Applied Optoelectronics, Inc ; also Senior Fellow of the Ludwig von Mises Institute, Editor of Libertarian Papers , and Director of the Center for the Study of Innovative Freedom (C4SIF). He has published numerous articles and books on IP law, international law, and the
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.