“At the rate things are going, we are all going to end up working for the Japanese.” —Lester Thurow, MIT economist, 1989 “The United States is rapidly becoming a colony of Japan.” —Congresswoman Helen Bentley, 1990 “The Japanese can buy our buildings, our Wall Street firms, and there’s virtually nothing to stop them. In fact, bidding on a building
“This is all about regulation and the fact that at some point in time there was great advocacy for making sure that the regional banks and the smaller banks didn’t have to comply with some of the rules that perhaps would not have allowed them to get into this situation because there would’ve been stress testing and more oversight and more watching
“We believe that hindsight will show the champion of head-smacking craziness in the American stock market to be the period playing out right now.” ~ Paul Singer, letter to Elliott Management shareholders, January 28, 2021 Who says finance has to be boring? Investing is often like watching paint dry, sometimes terrifying and occasionally
“I do corks in an icy, 22-foot, U-shaped snow structure. That’s not political. It’s pushing the human limit and it’s connecting people.” ~ Eileen Gu, winner of three Olympic medals Into the chasm that is U.S.-China relations burst a force of nature, 18-year old freestyle skier Eileen Gu, as she took the 2022 Winter Olympics in Beijing by storm. Gu
The people presented in this book are generally considered villainous, and the functions they perform, harmful. Sometimes society itself is damned because it spawns such reprehensible characters. However, the thrust of this book will concentrate on the following propositions: They are guilty of no wrong-doing of a violent nature; In virtually
Not the U.S., but Japan. Japan Airlines, after repeated bailouts, finally succumbed to its $25 billion debt load and filed for bankruptcy today. According to The Wall Street Journal: The company will be aided by a $10 billion lifeline from the government in the form of capital injections and credit, and by unloading billions of dollars in losses
“Threats to freedom of speech, writing, and action, though often trivial in isolation, are cumulative in their effect and, unless checked, lead to a general disrespect for the rights of the citizen.” ~ George Orwell In early December I asked Jim Grant how to reconcile exuberant financial markets with economic reality that reads like dystopian
«Al ritmo que van las cosas, todos vamos a acabar trabajando para los japoneses». —Lester Thurow, economista del MIT, 1989 «los Estados Unidos se está convirtiendo rápidamente en una colonia de Japón». —Congresista Helen Bentley, 1990 «Los japoneses pueden comprar nuestros edificios, nuestras empresas de Wall Street, y no hay prácticamente nada
«Todo esto tiene que ver con la regulación y con el hecho de que en algún momento se abogó mucho para que los bancos regionales y los bancos más pequeños no tuvieran que cumplir algunas de las normas que quizás no les habrían permitido llegar a esta situación porque habría habido pruebas de estrés y más supervisión y más vigilancia de lo que
«Creemos que la retrospectiva mostrará que el campeón de la locura en el mercado bursátil americano es el período que se está desarrollando ahora». ~ Paul Singer, carta a los accionistas de Elliott Management, 28 de enero de 2021 ¿Quién dice que las finanzas tienen que ser aburridas? Invertir es a menudo como ver secar la pintura, a veces
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.