The local paper offered up this vague headline last week, “Car Part Thefts Up in Henderson in 2021, Police Say.” Most readers likely passed over the article. But, in the time it takes to read the piece, a half dozen catalytic converters can be stolen. “It actually takes an individual who’s committing these offenses about three seconds really to
For the Wall Street sequel , the subtitle was Money Never Sleeps . But the Oliver Stone reprisal of Gordon Gecko was the stuff of 2010. In America, a decade plus ago, money slept. Now, it truly doesn’t, with cryptocurrency prices gyrating 24/7/365. This frantic activity has spread to other asset markets. Once real estate was stable and slow
It’s hard to crack the headlines of the financial pages, what with GameStop, bitcoin, Tesla, and squeezes of one sort or another. There is a squeeze in commercial real estate that won’t shock anyone, or shouldn’t. That squeeze is tenants unable to pay owners and owners unable to pay lenders. It’s possible the pandemic will fizzle, someone will
Listen to the Audio Mises Wire version of this article. Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, labor, and other materials in short supply, home construction can’t keep up. However, Ali Wolf, chief
The very size and scope of the United States federal government is likely something that Ludwig von Mises could not have imagined, despite writing the book which foretold the results of such a behemoth, Bureaucracy . Early on Mises wrote, “Congress has in many instances surrendered the function of legislation to government agencies and
Bloomberg uses the price of a certain bike, the Santa Cruz Hightower C R, to make the case that price inflation is upon us. This bike will set you back $4,749, a 10 percent leap from the first of the year. By the way, I have three bikes for sale on OfferUp, each priced at less than 10 percent of the fancy Hightower. No one even wants to negotiate.
The nation’s billionaires are catching plenty of grief for profiting from the pandemic. All they are guilty of is providing services people wish to pay for. Nothing wrong with that. Then there are the mortgage companies. It turns out they are turning a good profit off Uncle Sam’s forced forbearance plan. Ben Eisen writes for the Wall Street
The causes of today’s skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn’t mean we’re barreling toward a happy ending. Original Article: “ Housing Hubris: Can Home Prices Spiral upward Forever? “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael
The Feds are sitting on a huge pile of decaying buildings. A private business would sell these off, but this task is apparently too difficult for federal bureaucrats. Original Article: “ Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael
In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions. Original Article: “ The Real Estate Boom in Vegas Is More Frenzied Than Ever “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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.