Like a lot of baby boomers I make my living sitting behind a desk. Unlike my father who stood and cut hair all day, or my grandfathers, one who was a farmer, the other a carpenter, my job in the deflating credit bubble business requires no physical exertion — just mental stress. So, the idea to do yoga seemed like a natural. After a few months of
With prices at the pump in the $4-per-gallon range, people are starting to think twice about taking those unnecessary trips. And it’s likely to get worse. “As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or a major oil supply disruption could lead to $150 — $200 a
The dealing has started at this year’s World Series of Poker (WSOP) in Las Vegas. It seems America has gone poker crazy. The game is now televised and shown at all hours of the day and night, watched by millions all over the world who no doubt fanaticize about playing at the final table of the WSOP and winning it all. And, why shouldn’t they?
Despite this being a nation of people who don’t read, everyone seems to be in the book-selling business. My local grocery store is now peddling the printed word beyond daily newspapers and a certain financial weekly that I’m addicted to. Admittedly, I’m drawn to books, like women are to shoes and pocketbooks. I don’t need any more, am running out
If that investor idiot savant Warren Buffett has anything to do with it, we’ll have eight more years of rule by the Bush and Clinton clans (1989 to 2016). Supposedly he’s the king of capitalism, but he’s stumping and raising millions for Hillary. No doubt his father is rolling over in his grave. Howard Buffett was a four-term member of the House
In response to the meltdown of financial institutions, unprecedented power has been unleashed by the federal government. Between actions by the Federal Reserve, the TARP, guarantees made by the FDIC, and other direct bailouts, the total comes to nearly $8 trillion. That’s over 30 times the inflation-adjusted cost of the S&L bailout, according to
A punk economy is doing what legislators around the country could never do: shrink state and local governments. California Governator Arnold Schwarzenegger has declared a fiscal emergency because his state is $40 billion in the red and may actually be completely busted by February. He even “ordered state officials to prepare to furlough and lay
What happens on the Las Vegas Strip drives the rest of Las Vegas. Not a catchy ad line, just a fact. The hopes and dreams of hundreds, if not thousands of small and not-so-small businesses rest on whether the titans of the casino industry invest wisely, attracting millions of people to town so they may leave billions of dollars behind. The Mob did
NASCAR has been one the hardest tickets in Las Vegas to secure, selling out six straight times prior to Sunday with attendance reaching 155,000 last year. Even Saturday’s Sam’s Town 300 race attracted 110,000, the third year in a row with attendance for the penultimate event reaching six-figures. But this year 10,000 fewer seats were made
On a recent Saturday morning, the anesthesiologist looked down at me and said “It’s time to give you medicine now.” I responded, “Can you put me out until the market gets better in 2009?” Alas, forty-five minutes later, the nurse woke me and told me to leave. My colon evidently is fine; the real estate market in Las Vegas — not so much. 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.