It’s hard to know whether to be outraged or yawn at the revelations that Henry Paulson with Bush’s Treasury talked constantly on the phone with the head of Goldman Sachs, probably in violation of every ethics rule on the books, during those bailout days. These rules are made to somehow clean up government and establish a ridiculously naive ideal
Now that we have our warehouse move complete, we can finally announce that appearance of a book I’ve been wildly excited for ever since the project began. It is Literature and Economic Liberty: Spontaneous Order in Culture , edited by Paul Cantor and Stephen Cox. It really does blast open a completely new research paradigm for the Austrian School.
I had known that copyright killed music in Britain in the 18th and 19th century and that the absence of copyright laws in Germany had encouraged its remarkable artistic culture. I had not known that the same is true of books generally. But this article details remarkable new research showing that this was indeed the case. The author of the
The figure that everyone has been waiting for: $600 billion. “In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month. ” 10-year and 3-year rates immediately shot up on the announcement, which is probably not what the
And the whole world is right . “With all due respect, U.S. policy is clueless,” German Finance Minister Wolfgang Schaeuble told a conference. “(The problem) is not a shortage of liquidity. It’s not that the Americans haven’t pumped enough liquidity into the market, and now to say let’s pump more into the market is not going to solve their
The 18 or so articles I’ve written about “intellectual property”–elaborating on a book I consider to be a seminal work of our epoch, Against Intellectual Monopoly –generated floods of email like I’ve never seen on any topic. The thing that gets people going is the conclusion: in a free market, there should be no legal grants of patent or
The New York Times explains a point that has been clear to industry insiders for a very long time but is mostly lost on others. The issue concerns: why does banking seem to be broken? The answer has to do with the ridiculously low interest rates. Banks are drowning in cash – tending toward 100% reserve by default. Today, banks are paying savers
There’s something creepy about the impending resignation of the head of GM, in anticipation of an announced bailout of the company. Not that Rick Wagoner doesn’t deserve to go, but his departure will be used as the news to justify the continuation of a broken system. So too the Soviet system existed for 70 years with a general pattern that the
Today, Japan celebrates the publication of a new edition of Human Action in Japanese, with many improvements and beautiful packaging. The image below is the facilitator (Hiroshi Yoshdia) with a Mises tie, and the publisher with a Mises
The press on the Pope’s new encyclical, Caritas in veritate, is downplaying the message and importance of the document mainly because he does not say what the Obamaite/left wants him to say. The message of the large and theologically substantive statement is reduced, in the hands of the press, to a caution about profitability as an institution and
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.
