The New York Fed publishes a series called “Crisis Chronicles”, and a particular episode on the Panic of 1819 bears striking resemblance to Murray Rothbard’s book, The Panic of 1819: Reactions and Policies . The authors, James Narron, David Skeie, and Don Morgan, seem to paraphrase Rothbard, but do not cite him. They must have known about
Economists, philosophers, business scholars, and political scientists from all over the world flocked to Auburn, Alabama recently for the 2015 Austrian Economics Research Conference . They came to share their own research and new ideas and to collaborate and comment on other scholars’ work. There were 140 attendees from 15 different countries, 30
[Adapted from a lecture presented at the Mises Institute’s Sound Money Conference, April 10, 2014.] The word “inflation” means different things to different people. One popular conception of inflation focuses on prices — all prices, actually. For these people, including some economists, “inflation” means a rise in the general price level, i.e.,
The Bureau of Labor Statistics released November employment data today . The media is calling it a “solid U.S. employment report”, with most of the job categories increasing. The main statistic, total nonfarm employment, increased 211,000. This is 111,000 more than what Janet Yellen reportedly wanted to see to justify a momentous 0.25 Fed funds
The federal government began lending to students in 1993, pursuant to a reauthorized Higher Education Act, signed by Bush Sr. From 1993 to 2006, the federal government’s student loan portfolio swelled, from $353 million to $109 billion , which amounted to 23% of total student loan debt. The percent of student loans owned by the government hovered
What is the least you would be willing to be paid to verify business addresses or phone numbers for a database? If you had a large online inventory and wanted simple word tags to describe each one of your products for search engine optimization, how much would you be willing to pay somebody to trudge through your product images and generate tags?
In Janet Yellen’s Q&A with the House Financial Services Committee, Rep. Tom Emmer asked about the possibility and consequences of negative interest rates. Emmer (R-MN): “Will the Federal Open Market Committee ever rule out going to negative interest rates?” Yellen: “’Rule out’ is something we tend not to do. [...] If circumstances were to
This time of year, graduate students start thinking about next summer. Many have a research project in Austrian economics or libertarian political philosophy, and the faculty at their universities are untrained in these fields or even disdainful of them. If this is you or if you know somebody in a similar situation, then I have a top-notch
Nevada has ruled that online fantasy sports are subject to gambling laws and licensure in the state. The two largest firms, FanDuel and DraftKings, have halted all business in the state while the legal fog clears. The reason for the ruling in Nevada is painfully clear: to suppress any competition with the current licensed gambling firms in Las
With the recent successes and announcements of sci-fi movies and TV shows like The Martian , Interstellar , and new incarnations of Star Trek and Star Wars , no one can deny that we crave futurism and stretching our imagination on what advanced technology can accomplish. Many look to the example of these fictional worlds as an indication of what
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.
