Millennials are the focus of everyone’s attention in the housing business. With birthdates from the early 1980’s to the mid-1990’s up to the early 2000’s, this is the group sandwiched between Generations X and Z, the sons and daughters of Baby Boomers. Wikipedia (what else?) claims, “the generation has been generally marked by an increased use
“At over 225,000 tons and capable of accommodating nearly 6,300 passengers, serviced by 2,165 crewmembers, the Oasis is the size of five Titanics.” Just what is the ultimate symbol of excess that signals the peak in a market? The point when hubris takes over. When, as Christopher Wood writes about boom-time Japan in The Bubble Economy , “a
“There are a lot of Deadheads in finance,” claims CNBC’s big-government cheerleader and economics reporter Steve Liesman. On the financial network’s website, he relates a story about having “really good seats at a Dead show once, and I was never so recognized because of all the Wall Street guys had all the upfront tickets to the show. They were as
[ Rework • By Jason Fried and David Heinemeier Hansson • Random House, 2010 • 288 pages]”Every businessperson thinks they must grow their company. Why? Maybe a small operation is just right, say the authors.” Anyone who has worked in middle management has likely, at one time or another, had their big boss pass out some dopey management books that
The division of labor is what society is built on. As we cooperate with others, everyone is allowed to specialize in what they do best. Instead of spending hours each day on tasks that are necessary but that we’re not good at, we can hire others who specialize in those tasks and spend time doing what we enjoy and what we’re most efficient at.
“The site is elitist, and all the better for it.” Teresa Finney Jean Meyer believes the best and brightest are alone on college campuses. The 28-year-old Frenchman says college students are only communicating through technology and so career driven that they are putting love on the back burner. Figuring these overachievers needed a way to meet
Back in 1997 Gregory Bresiger penned a piece for the Free Market tearing apart the notion of “socially responsible investing” (SRI). Managers focused on social issues instead of profits will perform poorly as resources are diverted to unproductive uses. Bresiger looked to close the argument with this seemingly absurd proposition: But SRI funds do
When most people think of starting a business, or contemplate others doing so, the common belief is that a person should go into a business they have knowledge in — not just something they know about, but something they know lots about. But is expert knowledge of a particular industry really a prerequisite to opening a new business in that
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
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?
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.