The tweeter & tariffer-in-chief Donald Trump had a bad week post election with presidential historian Douglas Brinkley telling the Washington Post , “Trump needs adulation, so heading into the midterms, holding these rallies, he was cheered and it became narcissistic fuel to his engine,” Brinkley said. “After the midterm, it’s the sober dawn of
There are labor shortages all over the country. There are not enough truck drivers, plumbers, food waitresses, construction workers, and so on. The official unemployment rate is below 4 percent. It was just reported private sector wages popped 2.9 percent. However, Bernie Sanders and other “progressive” candidates are endorsing the idea of a
I remember two books from my adult pre-Rothbardian days: Bonfire of the Vanities , and Liar’s Poker . The first written by the recently departed Tom Wolfe, the second by Michael Lewis, who recalled telling his daughter on the way to interview Mr. Wolfe in 2015, “I want at least one of my children to meet him. I think he’s a big reason it ever
The New York Times reminded us that two things which go together are a currency crisis and prostitution. The featured story on October 28 was the red light district in uber-depressed Athens where “Dimitra, a middle-aged woman who lost her [flower] shop in the crisis and now works as a madam on Filis Street. ‘I used to be called Mrs. Dimitra, but
We hear plenty about tech entrepreneurs not finishing college, notably Mark Zuckerberg, Bill Gates, and Steve Jobs. Clearly, success in business does not require a college degree. In the case of Kirk Kerkorian, high school wasn’t required. William C. Rempel’s The Gambler: How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in
Referring to someone as a sociopath is strong language. After all, just between 3 and 5 percent of Americans are really sociopaths , people who initially seem charming, but, due to bad neurological wiring, lack a conscience and are unable to feel remorse. They are exceptional liars and cheats, and have no capacity to feel guilt. But according to
On, Wednesday the DJIA took an 800 plus point beating. On Thursday, another 500 points were shed. At the same time, the mood of real estate buyers has darkened. Austrian Business Cycle Theory is proven right again. President Trump is blaming the central bank, “No, I think the Fed is making a mistake. They’re so tight. I think Fed has gone crazy.”
“I’m not thrilled,” President Trump told CNBC’s Joe Kernen in an interview that aired on Squawk Box last month . “Because we go up and every time you go up they want to raise rates again. I don’t really — I am not happy about it. But at the same time I’m letting them do what they feel is best.” Since becoming POTUS, Trump has changed his tune
Franklin Bynum was unchallenged and won the Democratic nomination to become a criminal court judge in Houston. Mr. Bynum is an avowed socialist and he’s not alone in that conservative state. At least 16 other socialists appeared on the ballot in primary races across Texas. Socialism has oozed out of college classrooms and into the ballot box.
New home prices are rising in Las Vegas, with rising costs being blamed. Andrew and Dennis Smith write in the June edition of The Las Vegas Housing Letter, “Rising costs have been one of the key factors cited by home builders when it comes to rising home prices.” Indeed, Trump-o-nomic theory has it that “trade wars are easy to win,” so each day
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.