The headlines this morning are all about the new Congressional Budget Office prediction that the budget deficit next year (FY 2004) will approach $500 billion--far above the previous 1992 record of $290 billion. This is supposed to be a deadly blow to the White House. There’s just one problem. Once you cut out all the fancy counting methods, and
A very nice profile of the Google company in USAToday : Today, the founders and their landlady — who wound up quitting her job at Intel to join the boys — are in different wings of the four-building sprawling campus known as the Googleplex, a 1,000-employee paradise with free food, unlimited ice cream, pool and ping-pong tables and complimentary
From Foreign Affairs comes a review by Sheri Berman of Jerry Z. Muller’s The Mind and the Market (Knopf, 2002): “Indeed, perhaps the only defender of capitalism whom Muller finds largely unmoved by the critiques is the twentieth-century Austrian liberal Friedrich Hayek (which undoubtedly explains a large part of his contemporary appeal). Hayek
Contrasting perspectives on the trade and capital-export question. 1. “ Notes for Free Traders” by Roberts “ The Myth of Exporting Jobs” by Anderson ” Globalism Pllus Outsourcing Equals Dispossession” by Roberts “ Concerning the Export of Capital” by Roberts “ Anderson Misses the Point” by Roberts and his latest column on the topic
Nearly two years after the multiple hijacking that led to the destruction of the Twin Towers--an event that might have been prevented had restrictions on armed pilots not been imposed by the federal government--the Transportation Security Administration has certified fewer than 100 pilots to carry guns, according to the AP , though many
In one of the few statements Schwarzenegger has made on economics, he once said that he liked Adam Smith better than Keynesian theory. Such statements invariably give rise to the left’s claim that Smith was no advocate of laissez-faire. Here is Norman Solomon making exactly this point. And as Rothbard showed in his History of Thought , the left
According to OMB Watch , that postal mailing telling you that the government was sending you a check cost $20 million--only a few seconds of federal spending but even so, its only purpose was to announce the wonderful things that the president and Congress are doing for you.
The WSJ (8-15-03) offers this spin on Schwarzenegger’s Austrianism: Arnie’s Money Man By DONALD LUSKIN Hasta la Von Mises, baby! Gone are the hopes that Arnold Schwarzenegger would bring his own brand of free-market Austrian economics to California’s troubled economy. The would-be tax terminator has chosen as his chief economics adviser a tax
For those who know Bastiat’s Broken Window Fallacy , made famous by Hazlitt’s Economics in One Lesson , the following news item would be hilarious if it weren’t so pathetic: The Bright Side of Hurricanes (MSNBC): It’s time to look at the bright side of hurricanes. “YOU HAVE TO look at the silver lining,” says Frank Marks, a research
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.
