Well not quite, but Elvira Sakhipzadovna Nabiullina, a surprise choice of President Putin to head the Central Bank of the Russian Federation, describes herself as “a liberal economist with no hint of radicalism.” She cites books by Austrian economic historian Robert Higgs and by Keynes disciple Joan Robinson as influential in her
I just arrived back from lecturing at the week-long Free State Project’s Tenth Annual Porcupine Freedom Festival , a huge gathering of libertarians of all stripes from all over the U.S. in the beautiful White Mountains of New Hampshire. As you can see by browsing the schedule, the festival was chock full of educational and social events as well as
. . . says Thomas Mayer , a former IMF economist and former Chief Economist of Deutsche Bank Group and Head of DB Research, and now a Deutcshe Bank Senior Advisor. In a letter today to the Financial Times , Mayer writes: But no reform can make banking really safe as long as the industry operates within a fractional reserve system, where banks
Never has a political song over four decades old applied so well to contemporary events as the song “Monster” recorded in 1969 by the rock group Steppenwolf, best known for its anthemic hard rock masterpiece “Born to Be Wild.” The lyrics are printed below and a YouTube video that vividly illustrates their application to our current situation is
Steve Hanke is a maverick free-market economist who for decades has tirelessly advised de-socializing and developing countries against following the disastrous monetary and fiscal policies foisted on them in exchange for bailouts by international bureaucracies like the IMF and World Bank. Hanke’s latest efforts have been directed toward debunking
Of the many crimes that have been committed by governments against their citizens in their global war on cash (also here ), perhaps this is the most bizarre. Here is the story It all started one Saturday morning when Jarl Syvertsen, a 59-year-old disabled Norwegian man, purchased a PC, TVs, and washing machines for 80,000 kroner (roughly
Those who still believe the hogwash that the the United States is a two-party, representative democracy should ponder the following. On Wednesday, the amendment to the Defense Appropriations Act of 2014 proposed by libertarian-leaning Rep. Justin Amash (R-Michigan) was narrowly defeated in the House by a vote of 217-205. The amendment would have
It appears that the Fed’s zero-interest-rate and QE policies have finally achieved its insane goal of re-igniting a housing bubble. The Case-Schiller 20-City Index shows that housing prices increased by 1.2 percent in February and 9.3 percent year-over-year. All cities included in the index experienced substantial gains, which have been driven by
The AEI, a centrist-establishment think tank, published a compelling policy study this week by Timothy P. Carney. The Case against Cronies: Libertarians Must Stand Up to Corporate Greed is a hard-hitting critique of crony capitalism that goes beyond merely recounting the ubiquitous and shameful instances of gigantic U.S corporations seeking and
Three of the four largest banks in Sweden continue to phase out the manual handling of cash at their branch offices at a rapid pace, according to recent data reported today in Naringsliv, a leading Swedish Money and Finance newspaper insert. Taken together, Swedbank, Nordea, and SEB, have stopped offering cash services at their branches at 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.
