As Joseph Stiglitz sees matters, the euro suffers from a fatal flaw. The euro is the currency of 19 European countries; and common money blocks efforts of nations that, according to Stiglitz, need to devalue their currencies. More generally, attempts to restrict government control of the economy arouse the wrath of this implacable enemy of the
Today would have been the 89th birthday of Burt Blumert, one of the greatest personalities of the modern libertarian movement. Burt was the indispensable man behind the scenes and was a key figure in the Mises Institute, the Center for Libertarian Studies, and LewRockwell.com. He was one of Murray Rothbard’s closest friends; and when you met him,
Today would have been Murray Rothbard’s 92nd birthday. He was an unforgettable friend, whose immense knowledge of many different fields was unsurpassed in my experience. In a lecture on the Austrian Theory of the Business Cycle, he mentioned the common objection that the expansion of bank credit might have no effect, if investors anticipated
In response to my brief review of an article and book by him, as well as a review of a book by “Bronze Age Pervert,” Michael Anton has written a long attack on me . I do not propose to comment on all of his remarks but only on a few likely to be of interest to readers. Although Mr. Anton and I differ on a great many matters, I should like to
The Free Market 30, no. 5 (May 2012) In a speech to the American Society of Newspaper Editors on April 3, 2012, President Obama called a budget proposal of his Republican opponents in Congress “thinly veiled Social Darwinism.” What did did the president mean by this comment? The budget proposal in question, he claimed, would require drastic cuts
The Free Market 31, no. 6 (June 2013) At the Brink: Will Obama Push Us Over the Edge? John R. Lott, Jr. Regnery, 2013, 320 pgs . John Lott is best known to the public for his outstanding analysis of gun control legislation, but his research as an economist extends far beyond that topic; and he here gives us a devastating account that covers the
The Return of Anti-Imperialism Mises Review 2, No. 3 (Fall 1996) ISOLATIONISM RECONFIGURED: AMERICAN FOREIGN POLICY FOR A NEW CENTURY Eric A. Nordlinger Princeton University Press, 1995, x + 335 pgs. Ever since World War II, the traditional American foreign policy of nonintervention in foreign affairs has had a bad press. Isolationism, it is
Right by Half Mises Review 2, No. 3 (Fall 1996) WHAT’S RIGHT: THE NEW CONSERVATIVE MAJORITY AND THE REMAKING OF AMERICA David Frum Basic Books, 1996, xv + 208 pgs. David Frum’s new collection of essays and columns is like the curate’s egg good in parts. He sometimes provides insightful defenses of the free market; but curious blind spots spoil
Bill-of-Rights Despotism Mises Review 2, No. 3 (Fall 1996) THE NINTH AMENDMENT AND THE POLITICS OF CREATIVE JURISPRUDENCE Marshall L. De Rosa Transaction Publishers, 1996, viii + 216 pgs. Professor Marshall De Rosa’s excellent book calls attention to a paradox in recent constitutional law. The Ninth Amendment to the U.S. Constitution provides:
Delusions of a Convert Mises Review 2, No. 3 (Fall 1996) UP FROM CONSERVATISM: WHY THE RIGHT IS WRONG FOR AMERICA Michael Lind The Free Press, 1996, viii + 295 pgs. As usual, my reviews have been too generous. Although Lind’s earlier work, The Next American Nation, struck me as fundamentally flawed, Lind seemed to me possessed of an interesting
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.