Murray Rothbard’s influence and reputation keeps growing larger more than fifteen years after his untimely passing. His passion for truth, his clear thinking and writing, and his uncompromising libertarian message continues to set new people afire for the cause of liberty. But even the most devoted Rothbardians were caught by surprise when ABC
Appropos of my recent blog earlier this week on the causes of China’s inflation, it has just been reported that March saw a surge in internal (yuan) currency loans by Chinese banks of 1.01 trillion yuan (equal to $160.1 billion) far above the 710.7 billion yuan lent in February. More significantly, this was the biggest deviation of actual from
How many eminent macroeconomists is one clear-thinking and literate economic journalist worth? Well if the journalist is Caroline Baum of Bloomberg.com , the answer is at least five. In a column this week, Ms. Baum, channeling Henry Hazlitt, demolishes the argument put forth by the IMF’s Olivier Blanchard, Ivy League Professors Ken Rogoff,
Over at the Beacon blog, Misesian Robert Higgs has posted a delightful and poignant retrospective on the development of modern Austrian economics in the artfully modified lyrics of Don McLean’s pop classic, American Pie
This is rich. Brazilian central bank employees have gone on strike to press for a 23 percent wage increase to compensate for inflation that has taken place since June 2008. HT to Mark
I highly recommend Robert Murphy’s insightful evaluation of Murray Rothbard’s Man Economy and State on the 50th anniversary of its publication. Murphy is one of the few commentators to recognize that one of Rothbard’s central contributions in MES was the complete reconstruction of neoclassical production theory. Indeed five of the twelve chapters
Paul Krugman’s jejune column querying Austrians on their view of money market mutual funds (MMMFs) — as if they have never thought or written about the subject — has been roundly skewered by Austrians here and here . But I have a question for Krugman: Why, Paul, would you be interested in the least about what Austrians think about anything? To
Well, not exactly his words, but this was the gist of George’s bizarre and irrelevant comment on Krugman’s column asking Austrians what their position is on money market mutual funds. In his haste to establish his mainstream bona fides to Krugman, however, George was blind to the fact that Krugman has been forced to recognize and address Austrian
If we want want laborers and employers to come together to discover and create value-productive jobs, then the prescription is simple: leave labor markets alone and let them churn. Bloomberg.com columnist Caroline Baum reports some interesting statistics drawn from the the Bureau of Labor Statistics’ job openings and labor turnovers survey, or
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.
