A growing recognition of the superiority of markets over planning has created an unviable hybrid: the planned market, one created not by property owners but rather by the state and for the state. Planned markets bear a close enough resemblance to the real thing to fool even astute observers who are otherwise friends of genuine market forces. And
In Kudlow’s recent article on NRO , he argues that inflation is currently nonexistent. He exclaims, “Liberal Keynesian politicians and their academic advisors predicted inflation in the 1980s. They were dead wrong. Some of the very same voices are again predicting inflation now. They will be dead wrong again.” He should address the Austrian
“The Dufaur de Gavardie de Monclar family, who jointly own Bastiat’s property in Souprosse, inform us that they have reluctantly decided to put it up for sale, as no one member of the family is able to purchase it. It consists of a fine 17th century manor house, with early 20th century alterations, approached via a long tree-lined driveway, a barn
Andy Mukherjee of Bloomberg writes about the improving relations between India and Pakistan, and the potential benefits of trade. ``Cricket is just a symbol of the backlog of goodwill that’s only now starting to get cleared,’’ says Jafri of Avari Lahore. ``There’s huge demand for visiting Pakistan on the other side of the border. Normalization of
James Grant examines a crucial problem with Treasury Inflation Protected Securities: they don’t necessarily protect against inflation! Grant writes: Inflation, after all, is a matter of dollars—an increase in the supply of money not offset by an increase in the demand for money. People will say, “Inflation is too much money chasing too few goods,”
In the spirit of Jeffrey Tucker’s essay on book publishing , there is a great website offering all sorts of free books. It is Bartleby.com . They strive to be: The preeminent Internet publisher of literature, reference, and verse providing students, researchers, and the intellectually curious with unlimited access to books and information on the
The Free Market 23, no. ( 2003) A growing recognition of the superiority of markets over planning has created an unviable hybrid: the planned market, one created not by property owners by the state and for the state. Planned markets bear close enough resemblance to the real thing as to fool even astute observers who are otherwise friends of
Here is an awesome AP story explaining how the cell phone market is changing African life for the better. Cell phones are circumventing government controls connecting brokers and consumers more efficiently. Prepaid minutes are a form of currency. Cell phones are adding true wealth to the African capital structure that can’t be done with foreign
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.