More signs that the writings of Hayek, Mises, and modern Austrian economists are beginning to have some influence even in places where it might be least expected despite the efforts of Professors DeLong and Krugman to discredit thses ideas. Today’s Wall Street Journal “Weekend Interview”, “Zhang Weiying: China’s Anti-Keynesian Insurgent”
Gerald P. O’Driscoll has an important new working paper at Cato, “ Central Banks: Abolish or Reform .” HT to Kurt Schuler at Free Banking . Conclusion: We have two bad systems: the fiscal and the monetary. They are intertwined now as they were in the 18 th and 19 th centuries. They must be reformed, or together they will destroy the economic
In case you missed it (I did the first time around so a HT Pete Boettke and Jeff Tucker): Art Carden at Forbes on “ The Greatest Thinker You’ve Never Read: Ludwig von Mises. ” Highlights: One of the wonders of the modern world is that his major contributions are available to be perused or downloaded from the institute bearing his name [Ludwig von
Causes of Slow and/or Unsustainable Recovery In a comment on Malinvestment and Regime Uncertainty , Dick Fox wrote: “Professor, I am a little confused. The first part of your paper concentrates on the fact that policies have hindered investment, but then at the end of the paper you imply that artificially low interest rates are artificially
HOLMAN W. JENKINS, JR. of the Wall Street Journal channels David M. Brown at Mises Daily : Hug a Price Gouger “The public doesn’t want to hear it, but the public also doesn’t like empty shelves.” Sounding like Bastiat, Jenkins concludes, “Crackdowns on gouging are plausible only because the advantages of not prosecuting price gougers belong to the
Taking Government Money Austrian influenced economist Mark Skousen recently turned 65 and faced a dilemma many us have or will soon take – should we take social security ‘benefits’? The issue is part of a broader issue for libertarians, can use of government services, including money payments be morally justified? Walter Block , not only a top
Peter Lewin posted some very interesting commentary of Richard Epstein ’s distinguished scholar lecture at on-going Southern Economics Association (SEA) meeting. I had the opportunity to hear Epstein several years ago at the Association of Private Enterprise Education meeting and hardily agree with Peter’s assessment that “To hear Epstein talk is
Danny Sanchez, in a Circle Bastiat post ,”Yes, Rothbard Covered That: Wealth Tax Edition , used Rothbard to criticize yet another proposal to fight the imaginary evil of the left, income or wealth inequality (See Daniel Altman New York Times column , “To Reduce Inequality, Tax Wealth, Not Income). Rothbard’s conclusion re a wealth tax: “It is
The hunt for deductions, exemptions, and loopholes to eliminate, undertaken by The Economist (as seen in my last post ) and other “free-market” advocates, is part of the never-ending quest to “broaden the tax base”, which has been a fixture of Republican economic policy for decades. Mitt Romney referred to it repeatedly in his presidential
Kurt Schuler at Free Banking provides a tribute to von Mises and an assessment of The Theory of Money and Credit on the centenary of its publication (1912 to 2012). Schuler admits that his assessment is not based on a re-reading of the book, but on a re-skimming and reference to notes from a more through reading at an earlier date. His overall
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.