Will the regulators ever get it right? Are the regulators ever capable of getting it right? This constant infernal tinkering with our lives and businesses never seems to end like the ever expanding bureaucracies that rule us. Regulators, in the midst of various securities industry scandals over mutual finds, are under pressure to come up with a
I’ve just returned from the Security Traders Association’s Washington conference, which had as its featured speaker Securities and Exchange Commission Chairman William Donaldson. My editor and I were naturally looking for exciting stories to fill the pages of Traders Magazine. In a sense, we obtained plenty of news. Donaldson gave us tons of
The circus is coming to your town soon. Maybe, I’m getting old, but I just can’t get very excited about the clowns anymore. Yup, it’s political season again and those bothersome polls, still lusting for the votes that put or keep themselves and their pals in office, will be in our faces until the nonsense is over. Time for the same tired two
Lenin once dismissed the question of how socialism would work by pointing to the workings of the post office. Socialism, he said , means only to “To organize the whole economy on the lines of the postal service.” Well, I tried my best to avoid this pocket of socialism, but it was just unavoidable. I trained for it as though I would be in a life or
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.