Fascinating piece in the NYT exploring how it is that sometimes the federal deficit is a huge concern and other times it is not. Today, says the piece, the zeitgeist suggests that the deficit is no problem. Unmentioned anywhere in the article is the role of the Fed as the lender of last resort. As Roger Garrison suggests, taking away this power
Larry Sechrest , adjunct scholar of the Mises Institute, economics professor at Sul Ross University, and author of many important studies on monetary theory and economic history, has come under fire in his home town of Alpine, Texas, for an article he wrote for Liberty magazine. So many people were upset by his free-wheeling prose that the local
If you are new to this subject, it might strike you as odd that “privatizing” something would require the accumulation of an additional $1 trillion in debt. (See: Bush Seeks $1 Trillion Debt Boost ). The advocates of Social Security privatization (I’ll stop putting the word in quotes) haven’t exactly been forthcoming about the “transition costs”
ImClone’s Cancer Drug Is Back, and U.S. Approval Is Expected (NYT): “Late in 2001, the Food and Drug Administration rejected the company’s research. Its chief executive, Samuel D. Waksal, tipped family members to sell their shares before the company announced the bad news. As all the world knows, his friend Martha Stewart sold her shares, too.
National Review writer John Derbyshire , who has been advocating protectionism recently, writes: “I am resolved that I shall no longer feel guilty about my resistance to economic theory. Most likely it is all a crock. Only mathematics is
“Critics of nation-building point out that outsiders can never build nations, if that means creating or repairing all the cultural, social, and historical ties that bind people together as a nation. What we are really talking about is state-building — that is, creating or strengthening such government institutions as armies, police forces,
Two stories, courtesy of Frank in Phoenix, that sum up much about the current America: Teen earns, learns as he fights roof rats -- Rodent-proofing teaches him real-world business, human skills State stops teen’s roof rat
Google news alerts can drop you an email whenever the word Mises appears in any news story or commentary online. You will be alerted to the periodic hyphentic use of “pro-mises” but for the most part, it is very reliable, generating links to stories one might otherwise see, e.g.: “ Pauper or Sovereign “ from Rediff of India. This piece cites Mises
The Economist on “the trouble with paper money” (courtesy David Schatz) “IS THE problem with the dollar only that it is falling? It has certainly been doing that. This month, it fell to $1.29 against the euro. This is its lowest-ever rate against the euro, and represents a decline of 19% since the beginning of 2003. In trade-weighted terms, the
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.
