“It may lead to some temporary increments, ironically, to GDP, as a process of rebuilding takes place. In the wake of the earlier Kobe earthquake, Japan actually gained some economic strength” – Lawrence Summers, president emeritus of Harvard University and former director of the White House National Economic
I find this just remarkable. This is the first time I’ve seen his manner in action. He was legendary for his personality and presentation, and the spell he cast over the world owes much to
Here we go again. Today, statist-nationalist Michael Lind writing in Salon seizes on one passage from Mises’s book Liberalism to argue that Mises was a crypto-authoritarian (which is a heck of an accusation for Lind, of all people, to make; Lind wrote an entire book that seeks to revive nationalism as a political ideology – even regretting that
Then you must read this story about a New York coffee shop, and how it is an impossible proposition to try to run something like this. The story doesn’t even go into taxes and employment mandates. It’s a wonder that any business exists at all. And so what do we do toward the entrepreneurial class? We hate them, blame them for all the world’s
Robert Murphy and Robert Higgs have said this for months, but Reuters is joining in to point out that, whoops The credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit markets are functioning remarkably well, a report released on Thursday says. As a result, governments are
Broke , a new documentary by Michael Covel, offers an extremely engaging look at what went wrong with the macroeconomy but in a very interesting way: he provides close examinations of several microeconomic sectors that affect the financial well being of the household. Most impressive is his contemporary history of the housing bust. Most of the
I keep having these run ins with the law over my desire to unclog my nose. Earlier today I tried to buy Mucinex but was declined because my driver’s license is technically expired, only a few days ago. Now, just last week I was in the drivers license bureau doing some stupid tag thing and I asked about this expiration date. They said not to worry
WSJ : “As the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed’s informal target. Both inside and outside the Fed, though, such an approach is controversial. It could undermine the anti-inflation credibility the Fed won three
Inspired by this ad Steven Horwitz explains that every step toward government control, of anything, is a step toward politicizing private decisions. The evidence is all around us: Trans fats are banned; the federal government tells women in their 40s they don’t “need” mammograms; more localities attempt to use zoning and other laws to keep out
Two new books on Ayn Rand are out, one that we’ve been promoting, which focuses on the life of Rand’s ideas and their evolution. It also includes new details about her personal life and her work associations and how they affected the growth of the movement that adopted her ideas. This is appropriate given how central ideas were in Rand’s life.
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.