Here is an image of the back cover of the Romanian edition of Keynes’s General Theory published in 2009. If you look close enough you will see that the blurbs feature quotations from Murray Rothbard, Ludwig von Mises, and Paul Krugman, in that order starting from the top. Rothbard’s and Mises’s statements do not refer directly to Keynes or the
Dr. Brendan Brown is an eminent financial economist in the City of London and the author of The Global Curse of the Federal Reserve , initially published in 2011 and just released in its second revised edition. In his book, Brown is critical of Milton Friedman and the monetarists for ignoring the effects of monetary expansion on interest rates and
Gerald P. O’Driscoll’s hard-hitting piece in today’s Wall Street Journal , Debunking the Myths about Central Banks is well worth reading. Among others, O’Driscoll addresses the myth that “central banks are intrinsically necessary for market economies.” As O’Driscoll points out, however, A gold, or any commodity, standard places a natural
I have recently written that there are certain key indexes and ratios derived from Austrian business cycle theory that help us discern the development of bubbles in various sectors. As Mises wrote: “Only theory, business cycle theory, permits us to detect the wavy outline of a cycle in the tangled confusion of events.” Jeff Peshut, an
The tasty little lunch pictured above conforms to newly proposed federal regulations aimed at foods and drinks served in the nations’s public schools. Among other mandates, these regulations would cap serving sizes and calorie counts. Ironically, these proposals are part of the second round of regulations deriving from the Healthy, Hunger-Free
In response to my Mises Daily last week on The International War on Cash , a reader recounted the following incident in an email: Last month I paid the last of an old tax bill to the IRS in person. A sign on the desk said that they do not accept cash payments only check or credit cards. Indeed on the IRS website the options for payment are listed
In a speech in New Jersey last week, Philadelphia Federal Reserve Bank President Charles Plosser sounded an Austrian note in reportedly calling for the Fed to slow or halt its bond purchases in the near future because their benefits are “pretty meager” and they involve “lots of risks” including distorting the economy. Plosser also criticized the
Ben Bernanke’s confided yesterday that he is unaware of any new method of stimulating economic growth. Spoke Bernanke: “As far as I’m aware, there’s no completely new method that we haven’t [already tapped].” So Helicopter Ben has run out of innovative and unconventional ways to create new money. Lest you be tempted to breathe a bit easier,
Malavika Nair, a former Mises Fellow and Ph.D. student of Austrian economist Ben Powell at Suffolk University, will be taking a position at Troy University in Fall 2013. There she will be joining the Economics Division and the Johnson Center for Political Economy as a tenure track faculty member. The Johnson Center features a distinguished group
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.
