Increasing numbers of Americans are losing sleep about the climate and agitating that healthcare is a human right. Residents of Flint, Michigan, and Newark, New Jersey, want government to provide clean water, and again the rallying cry is that water is a human right. But the water disasters in Flint and Newark are miniscule compared to what’s
In a bit of holiday news no one will care about, the Treasury announced it would return to selling twenty-year treasury bonds to aid in funding the nation’s trillion-dollar deficit. It was 1986 when the Treasury last issued twenty-year paper. Of course the question is: who or what will be the buyers? Daniel R. Amerman, CFA , is keeping a steady
The departed Al Davis, who owned the AFL’s and then NFL’s Oakland Raiders, was famous for saying “Just win, baby.” The Raiders are now operated by Al’s progeny, Mark, whose motto must be “Just raid the taxpayers, baby.” After the City of Oakland wouldn’t kowtow to Davis the younger’s stadium demands, Mr. Davis went east from the East Bay and found
The SPDR S&P Homebuilders ETF closed the other day at 45.65 , poking higher than February 2006’s 44.70. The conventional wisdom is: “Teamed with a resilient job market, low mortgage rates have helped boost home buyer demand,” Matthew Speakman, an economist at real estate data provider Zillow, told CNBC . “An extreme shortage of for-sale listings,
The year 2006 seems like a lifetime ago. The housing boom seemed to be going full throttle, but danger lurked. I wrote on LewRockwell.com in March of that year, concerning a Las Vegas real estate seminar, that “nary a discouraging word was spoken.” But despite the happy talk coming from the podium that day, pleasing the thirteen hundred attendees,
Listen to the Audio Mises Wire version of this article. Does a pandemic trump entrepreneurial foresight? Many in business will say yes, “nobody saw this coming.” Lack of customer demand and government lockdowns are “no fault of their own.” But Penny Chutima, co-owner of the Lotus of Siam restaurant, did see it coming. Chutima and her mother,
The stadium naming curse is well known. Enron Field, Adelphia Coliseum, and MCI Center are just a few examples of bankruptcy following a company’s name adorning its home team’s stadium or arena. Financial trouble typically comes after the name is attached and the team plays some games. In the newest case, the company is struggling before a game
Listen to the Audio Mises Wire version of this article. The Las Vegas Strip continues to be a ghost town. The entertainment capital of the world is now a shadow of itself, boarded up by order of the state’s governor. Also sitting vacant is all of the city’s convention and meeting space, totaling 11.5 million square feet. Las Vegas has engaged in a
“Russia, Russia, Russia,” the current president used to sarcastically chastise opponents for wondering about 2016 election tinkering from Putin’s principality. Recent MAGA rallies featured “Covid, covid, covid,” with President Trump complaining that the press could think of nothing else. In investmentland, it’s “Bitcoin, bitcoin, bitcoin,” again
Trump’s lady-in-waiting for the Federal Reserve, Judy Shelton, is losing Republican support by the day. The Washington Post unleashed its comeliest columnist, Catherine Rampell, to finish off Shelton, whose primary negative is her past support for the gold standard and her questioning the need for the central bank at all. Adherents of the Austrian
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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.