“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
James Grant is editor of Grant’s Interest Rate Observer , which he founded in 1983. He is the author of nine books, including Money of the Mind, The Trouble with Prosperity , John Adams: Party of One , The Forgotten Depression , and more recently Bagehot: The Life and Times of the Greatest Victorian . In 2015 Grant received the prestigious Gerald
“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
James Grant is editor of Grant’s Interest Rate Observer , which he founded in 1983. He is the author of nine books, including Money of the Mind, The Trouble with Prosperity , John Adams: Party of One , The Forgotten Depression , and more recently Bagehot: The Life and Times of the Greatest Victorian . In 2015 Grant received the prestigious Gerald
“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
Jeffrey Tucker interviews Kevin Duffy, a Principal of Bearing Asset Management, and discusses navigating the financial markets with an Austrian compass. [19:54]
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
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.