The Dollar Gives Way to Euro Cash , says Pravda. “Russian people will probably favor their national currency in two or three years. The default of 1998 still has a big impression on the majority of Russians. A lot of them realize that it is oil, which makes for the strength of the ruble. The popularity of ruble tools, ruble bank deposits, first
A note in my inbox: “Mises and Hayek appeared yesterday in a documentary broadcast by Italy’s national, state-run, left-leanin TV channel (RAI 3). A fairly long interview with Mr. Hayek was also shown, together with the “Road To Serfdom” comic. This happened at 2:00 AM but it’s a start anyway. Maybe people with insomnia will get a
At a rough reckoning, Bloomberg calculates that Ms. Carleton S. Fiorina was paid around $15 million dollars (net of options) to run Hewlett Packard for 5½ years — and then approximately $21 million to leave the job to someone hopefully more capable than she! But, if there is one lesson which Corporatist America can teach us, today, it is that
Though, the economist itself is clearly not in favour of the author’s conclusions, this tells of a very Austrian-sounding critique of pseudo-mathematical business school methodologies: In a forthcoming article to be published posthumously in Academy of Management Learning & Education , Sumantra Ghoshal argues that many of the “worst excesses of
Last night, US Treasury Secretary Snow was doing what all recent holders of his office have done - namely, he was blaming the rest of the world for America’s self-inflicted woes and trying to get them to inflate a little more as an offset. This is what we could call the McDonald’s school of economics, as is explained
This has to be the barmiest idea yet — in thrall to the Ecofascists’ Boiling Frog fantasies, but frightened that ‘economic growth’ will falter (along with campaign contributions if they take on the airline lobby) should they actually hike travel taxes again, Britain’s Jacobins now want the nation’s Great Unwashed to fork over the cost of an
Teaching group to consider banning word “fail, “ to be replaced with the phrase “deferred success” to avoid demoralising pupils, a group of teachers has proposed.
Oh Dear! We’re being chastised by the ‘real’ bills crew again. This time though, not only are the truly extraordinary mental contortions of the Feketians on display but methinks their inflationist mask has slipped just a little more than they intended [please read on] I quote: To start with, Rothbardians have not adequately researched history
“You cannot OWN property, comrade, you might misuse it. Leave it to us self-appointed Global Guardians to take care of things for you, instead.” At least, that’s the gist of a solid article underlining how the new Green Bolshevism is encroaching on our rights in the name of “sustainable
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.