The “Cyprus deal” as it has been widely referred to in the media may mark the next to last act in the the slow motion collapse of fractional-reserve banking that began with the implosion of the savings-and-loan industry in the U.S. in the late 1980s. This trend continued with the currency crises in Russia, Mexico, East Asia and Argentina in the
In 2009, Lee Ohanian published the article, “What—or Who—Started the Great Depression,” in the prestigious Journal of Economic Theory (JET) in which he cited Murray Rothbard. For this article, Ohanian spent four years poring over wage data and culling information from sources related to Hoover and his administration. Based on his research, Ohanian
In a recent review of David Stockman’s new book, The Great Deformation , Bloomberg columnist Clive Cook seeks to discredit Stockman by comparing him to Ron Paul. This is to be expected from a mainstream media pundit. What I did not expect and what set my heart aflutter was the following remark — more so because of its casual delivery: The scope of
While incomes and living standards in the rest of the U.S. have been declining since the beginning of the new millennium thanks to the ever-increasing depredations of Big Government, Central Banking and Crony Capitalists on productive Americans, things have been going just swimmingly in the Imperial City of Washington, D.C. According to the
Expanding on his Circle Bastiat post from earlier this week, Peter Klein writes at LewRockwell.com : Universities to MOOCs: We Will Assimilate You Universities haven’t changed much since the Middle Ages. There is the campus with its lecture halls, dormitories, libraries, and laboratories surrounded by leafy quadrangles. Well, they’ve added giant
The U.S. government and the establishment media are in a quandary. How are they to explain the heinous attack on a Kenyan shopping mall by Al Shabab a militant Somali group with links to al-Qaida which left 59 innocent civilians dead and another 175 injured, with the victims ranging in age from 2 to 79 years old? After all, since the horrific
In the past week Hillary Clinton netted a tidy $400,000 from two speaking engagements at Goldman Sachs-sponsored events. In July and September of this year she spoke at events hosted by private-equity firms KKR and Carlyle Group, respectively. Crony capitalism just keeps rollin’
In a brilliant and entertaining new book, aptly titled Learn to Write Badly: How to Succeed in the Social Sciences , Professor Michael Billig explains why social scientists typically write so poorly. For Billig, who is not an economist, the main point is simple economics: If we want to understand why academics today write as they do, then we
. . . climate change forecasting models are even worse than your own models. A paper published in the peer-reviewed Climate Dynamics ”amounts to a stunning challenge to climate science orthodoxy.” Researchers Professor Judith Curry and Dr. Marcia Wyatt find that a natural cycle is responsible for the 17-year pause in climate change--as well
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.
