[This article originally appeared in Liberty Watch magazine .] Once upon a time, a house was just the place you lived. But once The Maestro (a.k.a. Alan Greenspan) stepped on the monetary gas back in 2001 and 2002, houses went from being shelter and expenses to investment vehicles. “Working on the problem like a gorilla trying to do long
[This article originally appeared in Liberty Watch magazine .] Financial pundits, led by CNBC’s Larry Kudlow, were rooting for the Federal Reserve to “shock and awe” the market with a 50 basis point cut on the Federal Funds rate at the central bank’s September meeting. Fed chair Ben Bernanke didn’t disappoint, and investors recognized further
[This article originally appeared in Liberty Watch magazine .] CNBC, the financial network, often lives up to what its critics call it — “Tout TV.” All of the guests seemingly are singing from the same hymnal: “buy and hold stocks,” “inflation is low,” “economic growth is strong,” “the Federal Reserve has everything under control,” blah, blah,
Last week was news worthy for two divergent organizations that lived large in 2004 but whose fortunes have dried up a scant three years later with the punk housing market. One of organizations will likely be but a footnote in boom history. The other will unfortunately live on. New Century Financial Corporation, the nation’s largest independent
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.