One of the more important monetary theorists of the mid to late 1900s, Leland Yeager, Ludwig von Mises Professor of Economics, Emeritus, at Auburn University, recently turned 90. The Mises Institute last week hosted a reception his honor. Multiple tributes to Professor Yeager are available at the free banking blog. Well worth reading to anyone
LearnLiberty.org is offering a new course developed by George Crowley of Troy University titled “ Subliminal Lessons from South Park : A Super Primer on Economics and Politics .” The course blurb: Hooowdy Ho Everbody! We are excited to bring you our newest program on economic lessons from the greatest TV show in the world, South Park. In this
I just received my first copy of The Austrian , which replaces The Free Market as the flagship publication for Mises Institute members. If the first issue is any indication they will live up to their promise of a “bolder and more robust version of what you have known for decades.” I especially look forward to again seeing regular book reviews from
More evidence the future of Austrian economics is in good hands is Patrick Newman’s (a PhD student at George Mason University and a participant in the 2012 Mises Institute Summer Fellowship program) excellent piece of scholarship recently published in the Quarterly Journal of Austrian Economics as “ The Depression of 1873: An Austrian Perspective
[Originally published February 25, 2015.] There is a sliver of good news on the central banking front. Given the Fed’s poor performance before and after the 2007–08 financial crisis and Great Recession, and its now recognized 100 year history of failure , at least some members of Congress, even without Ron Paul, are now willing to consider major
Independent Institute links to Burton A. Abrams’s ( Research Fellow at the Independent Institute and Professor of Economics at the University of Delaware) sound criticism of Fed policy at Investors.com powered by Investor’s Business Daily . Abrams provides some of the best commentary I have seen on the Fed’s nonsensical commitment to 2% inflation
David Henderson has an important post, “ The Wonder of Economic Freedom ”. I truly appreciate his emphasis not just on markets, but on economic freedom; what I called elsewhere a free economy – which is much broader than just what is normally viewed as ‘market activity’. Henderson highlights “ Jeffrey Tucker’s writings on the “marvels of a free
In a Wall Street Journal article “ GOP Targets Medicaid, Food Stamps ” Senator Bernie Sanders (I., Vt.), top member of the Democratic caucus on the Senate Budget Committee, is quoted as saying, “I will do everything in my power to make sure we pass a budget that does not harm the most vulnerable Americans”. It would be nice if this concern for the
The Fed is seemingly slightly out of step with other central bankers as it recently hinted at possible future rate hikes in the official announcement following its March 20, 2015 meeting. But as many commentators have recognized, Janet Yellen , a strong proponent of Keynesian more-inflation-as-cure-for-unemployment policy, later downplayed the
Part I. In 1979 the Cato Institute published a collection of Hayek’s post-Nobel-laureate contributions to Austrian monetary theory, policy, and macroeconomics titled, Unemployment and Monetary Policy : Government as Generator of the Business Cycle . The monograph made more available to an American audience material originally published by 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.