This is the true story of Arthurdale, West Virginia, a town created as a “pet project” of the Roosevelts. Designed to be (in the words of Eleanor Roosevelt) “a human experiment station”, she was to create a “New American” citizen who would embrace a collectivist form of life. This book tells the story of what happened to the people resettled in
From the Roaring Twenties to the “great moderation,” America has always shown a flair for labeling things, and speculative manias are no exception. Historians remember the ignorant, blissfully happy times that preceded the Panic of 1819 by the same label as those who lived through them—the Era of Good Feeling. Like so much of what is fatal to
I would not lose courage even now. I would not tire in saying what I knew to be true. -Ludwig von Mises [1] Over the years many a book of quotes has been published for the world’s consumers. They are a strange hybrid, a literary platypus, not quite books but books all the same. How does one review a non-book? [2] Sitting in my apartment is one of
Economic science receives little attention and its value is seriously questioned by the very men in society to which it should provide a guide for practical action. [1] — Carl Menger Economics has been widely labeled the “dismal science” and this is certainly true — but not in modern America. Our cultural insistence on a smiley, can-do attitude
[ Editor’s Note: Due to a vaguely remembered booze-filled night that resulted in a row with the wife, a future court appearance, and — worst of all — a lost bet, this page has been loaned out to a man of very little reputation but very large aspiration to write for his beloved, hometown New York Times . I am certain my readers will understand that
“The notion that inflation is everywhere and always a monetary phenomenon is no longer a controversial proposition.” – Alan Greenspan, January 3, 2004 Caroline Baum recently noted that the Fed just doesn’t get the credit it deserves for the effect it has on overall economic conditions at any point in time. [1] And, as I often do (because Ms.
“Any discussion about the Social Security trust fund would have to include the discomforting fact that there is no Social Security trust fund.” – Caroline Baum [1] Bloomberg columnist Caroline Baum has been writing about financial markets for over twenty years. My discovery of her column made the life of a Wall Street professional of an “Austrian”
“To understand the Great Depression is the Holy Grail of macroeconomics.” — Ben Bernanke [1] The Great Depression, more than any other event in the history of these United States, still brings a collective shudder to Americans in the same way the Black Death stills tugs at the fears of Europe. It was, hands down, the most devastating economic
Here we sit in a branchy row, thinking of beautiful things we know, Dreaming of deeds that we mean to do, all complete in a minute or two — Something noble and wise and good, done by merely wishing we could! By the rubbish in our wake, and the noble noise we make, Be sure, be sure, we’re going to do some splendid things! – “Road Song of the
I have never had much enthusiasm for following politics; I found that a blanket condemnation of the whole subspecies Officeseeker stood me in good stead and saved me time to focus on more useful things, such as Lindsey Lohan’s current status. [1] I have never willingly given money to any politician, never pitched a chirpy phone call to a fellow
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.
