So says Brad deLong : “Most of the time I’m a straightforward Keynesian aggregate-demand guy... The Austrian theoretical framework thus seems to be the only tool at hand. And when all you have is a hammer...
Now that it is clear that privatization of Social Security really means the imposition of a new (even the first ever) forced savings program, we are starting to see some speculation about what it would mean for equity and bond markets. BusinessPundit points to an article in CFO that explains how forced savings leads to forced investment which
The Edison Project has turned out to be a model of how not to reform schools (via LibertyGuys ), as this DelcoTimes (Chester, PA) points out. Edison was paid the same regards of the results, and the school board shifted its budget and energy from supervising schools toward supervising Edison. The result has been a huge tug-of-war over control,
John Perkins’s Confessions of an Economic Hit Man — the story of the dangerous relationship between economic consultants, US banks and corporations, the IMF, and the US military empire—has been on the New York Times bestseller list and is currently #14 on Amazon.com. It was published November 2004. LRC this morning runs a reprint of an interview
Having ruled out higher payroll taxes (for now), the Bush administration is now dropping hints that it will consider other revenue changes to fund “privatization” (a word that seems to cry out for scare quotes these days), e.g. raising the ceiling on income subject to SocSec taxation. ( ABC News via MargRev ). The biggest hint comes the White
William Peterson reviews Michael Novak’s new book ( The Universal Hunger for Liberty: Why the Clash of Civilizations is Not Inevitable (Basic Books, 2005)) in the Washington Times , and it does appear that Novak brings a wonderful message that is in line with the spirit of the old liberalism he generally supports. He argues that peace is possible
BKMarcus sent this to me . I have no idea how long this has languished on the web, but it is surprisingly good. Very good in fact. Bracing and true, and one of the only succesful attempts to present libertarian ideas in a web/media format that I’ve
When you throw out the Christmas this year, leave the lights on it and let the garbage people haul the whole mess away. Everyone knows that taking off the lights is the most frustrating part of taking the tree down. They get tangled, stepped on, and cause tree needles to spread. The old lights won’t shine as bright next year in any case, and you
E.J. Dionne mentions in passing that he “he never did take Econ 101.” It is a curious admission. His book Why Americans Hate Politics has a long, interesting, and quite accurate account of intellectual-political history after WW2 through the 1980s, and he included a very high role for Rothbard and the libertarians. And yet the puzzle to me was why
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.
