Its always interesting to hear some great thinkers discuss issues in this format. This meeting brought together Jeffery Sachs, Gillian Tett, and Hugh Hendry.
I believe Hugh gets it right: Europe needs to let the banks that made bad decisions fail.
Towards the end, though, Hugh discusses imposing stricter legislation on banking dividends, and this is where [...]
The Destruction
Rarely do I really sit down and watch “the news”, preferring, instead to find my news online and research topics I find of interest. However, when I do watch television, I prefer to watch Fox News for apolitical news stories. Today, though, in the aftermath of the 8.8 magnitude earthquake in Chile, many of [...]
The subject of greed and profit has always been a very politically polarizing topic, with the left seeing profit as inherently evil and the right, while not perfect, seeing profit as a more acceptable showcase of success. From the Austrian perspective, profit is the side effect of providing a good or service that has more [...]
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 [...]
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 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 [...]