[ This article is part of a series of occasional posts which will explore the immense treasure trove of unpublished papers, lectures, memos, correspondence, and notes in the Rothbard Archives at the Mises Institute. ] In 1961, F. A. Harper of the William Volker Fund, and later the founder and president of the Institute for Humane Studies, asked
Paul Cantor , Clifton Waller Barrett Professor of English at the University of Virginia and Associated Scholar of the Mises Institute, attended Ludwig von Mises’s seminar at NYU as a young man. He recently surprised and delighted a few of us by revealing that the line that he remembers Mises speaking most frequently in the seminar was “No farzer
In 1950-51 Hayek presented a seminar at the University of Chicago entitled “Justice and Equality.” The seminar was opened to faculty and students and it was Hayek’s . . . hope that the seminar can be conducted with the participation of members of all the various departments concerned, particularly a number of lawyers, economists, and
Uh-oh. Chairman Yellen assured us today that she does not believe that there will be another financial crisis “in our lifetimes.” You may recall another perfectly timed assurance by a high-powered economist: The stability of the economy is greater than it has ever been in our history. We really are in remarkable shape. ... The United States is at
First they came for the inmates’ cash. . . . Apparently, the prevarications and base tactics of anti-cash fanatics know no bounds. In an announcement in May that garnered very little mainstream press coverage, the Danish government stated its intention to ban cash from its largest prisons . The ostensible reason, according to Justice
These days politico-economic trends in the U.S. provide proponents of the free society very little to cheer about. But here is a bit of news that should elicit a hearty “YIPPEE” from free-market advocates. According to data recently released by the Bureau of Labor Statistics, union membership in 2014 dropped to 11.1% of the labor force, its
Over the weekend Target Liberty posted a very compelling interview with Friedrich Hayek that I had never seen before. The 30-minute interview took place at the University of Freiburg on May 31, 1980. The interviewer was Bernard Levin (1928-2004) an English journalist and author who was known in Great Britain as “the most famous journalist of his
The war against cash has, up to now, been waged almost exclusively by national governments and official international organizations, although there are exceptions . Now the war has acquired a powerful new ally in Chase, the largest bank in the U.S. and a subsidiary of JP Morgan Chase and Co., according to Forbes , the world’s third largest
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. (Lord Acton) As reported on Zero Hedge over the weekend, a Swiss pension fund manager calculated that he could save his clients a substantial amount of money by withdrawing cash from his fund’s bank account, which was
Imagine that you need a cash loan to tide you over to your next paycheck, but banks cannot or will not lend to you. So you stop at a machine that looks very much like an ATM. You scan your passport photo, pose for a photograph, enter your cell phone number, and punch in the sum of money that you would like to borrow. Within 15 minutes you
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.