Donald Trump continues to claim victory, but the blue wave was undeniable on the left coast. You might say, California was already a bunch of lefties. Yeah, except Orange County has always been a Republican stronghold since the days of R.C. Hoiles. In a review of Brian Doherty’s “ Radicals for Capitalism ,” I wrote, One of the genuine heroes of
Brian Price interviewed Max Wolff, chief economist at the Phoenix Group for Real Vision. Wolff believes the bloom will be coming off the Trump economic rose (Wolff contends it’s a continuation of the Obama boom) and was most testy about the president’s trade policy. “Two hundred years of economic wisdom versus a tier two real estate developer from
“The Labor Department reported Friday that worker payrolls expanded by 201,000 in August and private-sector hourly wages grew 2.9% from a year earlier,” last Friday’s Wall Street Journal reported. Meanwhile, Ryan McMaken reports that the Fed has a new inflation gauge that’s reflecting “the highest rate recorded in 158 months, or more than 13
Economics professor Bernard Malamud made the local paper today as he is retiring after teaching at UNLV for 50 years. I had Professor Malamud for a class, but darn if I can remember what the class was. Malamad showed up in 1968 when UNLV was but a dream. “The campus was a desert; there was nothing here,” he told the R-J “There were rabbits running
Las Vegas survives on visitors and immigrants. The housing market depends upon those escaping California taxes and regulation with thousands in home equity to bid up home prices in Nevada, in general, and Las Vegas, specifically. The actual numbers, provided by WolfeStreet.com, are; 47,500 Californians moved to Nevada in 2017, while 23,800
Perhaps Neel Kashkari is angling for the Fed Chair job, should Donald Trump attempt an Eccles palace coup and oust Jerome Powell for his tightening ways. General Mattis may be sending troops to the border to head off the “caravan” enroute from Guatemala (or was it the middle east?), but he can certainly redirect them to Federal Reserve HQ to
The June 29th edition of Grant’s Interest Rate Observer led with, “Time Warner, Inc. was put on this earth not to produce Game of Thrones but to punctuate the cycles of investment enthusiasm.” Grant’s reminds the forgetful that a few bubbles ago Time Warner and AOL merged and that “announcement in 2000 rang down the curtain on the dot-com era.”
Trump’s tariffs are simply, in the words of economist Murray Rothbard, “not only nonsense, but dangerous nonsense, destructive of all economic prosperity.” Business owners who are suffering from this ham-handed government intervention should be the first to complain, whether having voted for Trump or not. I asked a friend of a business owner (a
“It’s time to stop calling this a recovery, and start calling it a boom,” writes Noah Smith for Bloomberg .The Elliott Wave Financial Forecast (EWFF) reports, The National Federation of Independent Business index of small business owners “Now Is a Good Time Expand” rose to its highest level in the 45-year history of the survey. “Main Street is
Roll over David Ricardo, former White House Chief Strategist Steve Bannon, says a trade war is great for America’s Main Street, even if Wall Street doesn’t like it. “Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported and cheered on the export of their jobs. To hell with Wall Street if they don’t
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.