With a certain weary inevitability, the cries of pain emanating from those seeing their aspirations ground to dust amid the current upheaval in financial markets have been interspersed with the shrill descant of those all too eager to proclaim a ‘crisis of capitalism’. The implication that it is now time for those far-seeing, disinterested Solons
Huh? That’s right. “The recent cold wave sweeping across Mumbai and other parts of India could be attributed to global warming, experts said on Tuesday here at an environmental conference. Addressing the ‘Combat Global Warming’ conference at the Indian Merchants Chamber (IMC) here, former Union minister for power and environment Suresh Prabhu said
With his latest, rather forlorn call for banks to help solve the mortgage crisis by ‘forgiving’ just enough of their loans to keep people’s inability to service their full contractual obligations from triggering foreclosure proceedings, he truly has gone all the way back to Solon and his 6th century answer to Athen’s very own sub-prime crisis,
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.