A newly released report by the U.S. Census Bureau indicates that most Americans living below the bureaucratically designated “poverty line” enjoy most modern conveniences. For example more than 80 percent of U.S. households below the poverty line have a: refrigerator (97.8%); stove (96.6%); television (96.1%); microwave oven (93.1%); air
From “ Bitcoins Catching On in Latin America: “ It isn’t just a “fashionable” online currency, but something far more revolutionary, Fernando Ulrich of the Instituto Ludwig von Mises in the southern Brazilian city of Porto Alegre told IPS. Ulrich is a Bitcoin enthusiast, saying that not only does it reduce transaction costs, but it also represents
University of Michigan Survey Research Center surveys consumers monthly. The Index of Consumer Expectations is one of two indexes compiled from consumer answers to these questions. One of the routine questions posed relates to expected inflation for next year and for 5 to 10 years from now. Judging by the average response to this question
Mises Institute Associated Scholar Frank Daumann of University of Jena in Germany visited the Mises Institute campus in September and discussed current research, and his latest book, The Economics of Doping , 2nd Ed. He hopes to return in March to present a paper at the Austrian Economics Research Conference . Here is Dr. Daumann’s presentation
In a remarkably rambling article , minor Beltway pundit and dabbler in economics, Bruce Bartlett (M.A. History, Rutgers University) has taken to listing and trying to smear real scholars in economics who do not share his hysterical government default-phobia. Well, I have another eminent economist who may be a candidate for his hit list. Ohio State
“. . . and That’s Terrifying,” writes Brendan Brown in the title of his recent Forbes op ed. According to Brown, Yellen is simply another in the line of deflationphobes and monetary authoritarians who have run the Fed in the last 20 years and are eager to please their political masters. Yellen’s choice as Fed chair thus presages an agonizing era
If you haven’t seen it yet, Robert Higgs is at his best again on Regime Uncertainty and how Keynesian-based product and income accounts distort measures of economic performance in ways that clearly overstate the role of government in contributing to economic activity and masks the destructive aspects of what government does. Highlights: Problems
Now available in the store as an ebook: Frank Fetter’s book Economic Principles . Frank A. Fetter was a leading American follower of Carl Menger and the early Austrians. He was the first economist to develop a complete statement of the pure time preference theory of interest, and he revolutionized the theory of rent which had been developed by
Kurt Schuler at Free Banking has a nice post, Mises-Grinder Combo , where he highlights Walter Grinder’s remembrance of Mises: A nice read about brief interaction of two leaders of the liberty movement. After mentioning a recent email from Walter, who just turned 75 Kurt writes Walter modestly did not mention a remembrance he himself wrote less
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.
