CONK!
Note: If you become an annual paid subscriber, you will receive an autographed copy of my memoir. Please send me your address and I will mail you my book. Robert Wright’s review of my book captures the essence of my journey in America.
“There is a right way and a wrong way, always choose the right way.” Abraham Sabrin (1914-2001). “Prediction is very difficult, especially if it’s about the future!” Niels Bohr
Every Wednesday at 11:05am talk show host Gary Nolan and I discuss the economy and politics.
The Mises Circle will meet in Fort Myers, November 4th.
I will reveal when the next financial crisis will occur.
CORRECTION: I refreshed my memory about the April 1967 TV Passover program. The rabbi’s statement was, “The essence of Judaism is the sanctity of the individual.”Which is not different from what I thought he said, “The essence of Judaism is individual sovereignty.” After 56 years, sometimes my memory can play tricks.
This month’s Mensch award goes to Tom DiLorenzo, economist and historian extraordinaire, who has been appointed the next president of the Mises Institute.
Tom was a guest speaker at Ramapo College a couple of times and was one of the economists who was interviewed in the Federal Reserve documentary I produced in 2013. His explanations of many of the most important economic and historical developments in the US for more than four decades has enlightened students and the public.
In addition, Tom is one of the most personable human beings I have met during my academic career. His easy-going nature and engaging speaking style makes him one of the most important figures in the annals of not only the Austrian School of Economics but also the liberty movement.
I am delighted to award the November Mensch award to Tom DiLorenzo for his long productive academic career and his new assignment in guiding the Mises Institute.
This month’s Schmuck award goes to Sam Bankman-Fried who was convicted of fraud yesterday and may serve 110 years in jail. It could have been worse. He could get a life sentence instead!
What goes through people’s minds who commit fraud? Do they really think they will get away with their cons? Obviously, they did not embrace the ethics my late father instilled in me decades ago. (See above).
And of course, the greatest fraudster is the federal government and its enablers and defenders of the Welfare-Warfare State.
Enjoy the weekend and hope to see you in Fort Myers tomorrow, where a great lineup of speakers will provide insights about the state of the economy.
***************************************************************************
This is an update of my 2021 forecast, https://fortune.com/2021/12/09/next-recession-heres-everything-bubble-markets-2021-2022-covid-murray-sabrin/
*****************************************************************************
Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His new book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle. Sabrin’s autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.
and