Out of Touch
President Obama is in an interesting position. For the fifth straight week, between 38% and 41% of Americans oppose health care reform. However, as we found out last night when the Senate voted on ending debate over the bill at 1 am EST, a whopping 60% of our elected representatives favor [...]
Photo courtesy of (Time)
Today, Time Magazine announced their “Person of the Year”, bestowing the award on none other than Ben Bernanke, the chairman of the Federal Reserve. This, though, does bring up the question that not many people think about:
How is it that Ben Bernanke, the chairman of a private entity set up congress to [...]
Is capitalism in peril?
Is capitalism, as Keynes and his few but loyal followers suggest, subject to an inherent instability? Did the “deregulation” of the Bush years cause the bubble that was toxic enough to jeopardize the global economy? Jeffrey Friedman, who recently wrote The Causes of the Financial Crisis, seeks to answer these [...]
“This, then, is freedom in the external life of man that he is independent of the arbitrary power of his fellows. Such freedom is no natural right. It did not exist under primitive conditions. It arose in the process of social development and its final completion is the work of mature Capitalism.”
When economists “sit down with a piece of paper to calculate or analyze something, you would have to say that no one was more important in providing the tools they use and the ideas that they employ than Paul Samuelson”
Samuelson is known for his groundbreaking book Economics.
This is Chandler Waits’ first post on The Austrian. Chandler is working on his undergraduate degree in Economics and Spanish from Auburn University.
Waking Up To Smell The Roses
This morning I had the good fortune of reading an op-ed by New York Times columnist Bob Herbert. The title reads “Safety Nets for the Rich.” The author, [...]
This is the first of many posts on The Austrian. This particular post is written by Jud Stephenson, an aspiring economist and entrepreneur. Jud is currently pursuing his undergraduate degree in economics from Auburn University.
First, An Introduction:
Because I have had a few years of investing experience, trading mostly advanced options chains, I get asked fairly [...]