Gauging the Risks: MSNBC’s Economic Roundtable (MSNBC): So far this year, the most pessimistic forecasters in the panel have been the most accurate, led by Georgia State University’s Rajeev Dhawan and UCLA’s Leamer. But the optimists are convinced their time has come. Said Diane Swonk, chief economist at Bank One: “If this doesn’t work, we’ll have
The Mises Institute is very pleased to host an online edition of George Reisman’s treatise Capitalism . This fully interative edition of this 1000+ page book (1996) is packed with hyperlinks built within the PDF file, even from within the index. It is now linked at the Study Guide . It is also available as hard copy through the Mises.org Catalog
Monetary Policy in a Zero-Interest Rate Economy (Dallas Fed): The strategy for eliminating the zero bound, therefore, is to make money pay a negative nominal interest rate, by imposing some type of “carry tax” on currency and deposits. It’s easy to envision such a system with regard to deposits at the Federal Reserve or transactions deposits at
Unhappy news from the Department of Labor : The number of unemployed persons increased by 360,000 in June to 9.4 million, and the unemployment rate rose from 6.1 to 6.4 percent . Since March, unemployment has increased by 913,000. The rate for adult men edged up for the third month in a row; at 6.1 percent, the jobless rate for this group was
A very charming look at the two great thinkers Ronald Hamowy knew : “Everyone familiar with Rothbard’s writings is aware that he wrote a truly prodigious amount. What is not as well known is that he seems to have totally mastered the literature in those fields in which he had an interest. He had a vast library and unlike the books in my own
Paul Kasriel on reasons for the Fed’s anti-deflation hysteria : “I have been wondering why the Fed has recently became obsessed with “an unwelcome substantial fall in inflation.” After all, if the economy is “cleared for takeoff,” why would the Fed care if inflation falls, or even if deflation occurs? What’s wrong with 4% real GDP growth and zero
New blackouts add to Iraq’s woes (Washington Post): “The persistent blackouts — U.S. and Iraqi specialists blame sabotage, looting, war damage and the failure of antiquated equipment — have transformed a city that once was regarded as the most advanced in the Arab world to a place of pre-industrial privation where shopkeepers hawk their wares on
Economic Beat: A Dismal Day at the Beach by Gene Epstein (Barron’s, July 7, 2003): Speaking of capitalism, economist George Reisman’s magnum opus, Capitalism , is still the War and Peace of economic treatises, and truly a work of genius. I say that even though I still think parts of the book are wrongheaded and cranky. But in most of its 1046
Lew Rockwell on the do-not-call racket: “The national do-not-call registry, championed on all sides in Washington, is a case study in the mythology that government can improve our lives in ways that the free market
Arizona Republic columnist Russ Wiles makes mention of the Austrian School in his review of the PBS documentary Commanding Heights: The Battle for the World Economy. By the way, the best means for finding news stories along these lines is the Google News Search: you can do daily searches for Mises , Murray Rothbard , F.A. Hayek [ Hayek alone
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.
