Robert Wenzel reports on Roubini Attacks Austrian Economists at Economic Policy Journal: Nouriel Roubini is very well connected in the world of the financial power elite, but that doesn’t mean he knows is ass from his elbow when it comes to Austrian economics. He tweets: “The austerians’ Austrian austerity will not lead to Schumpeterian ‘creative
John Maynard Keynes once wrote that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some
From this Sunday’s Boston Globe “Ideas” section: Natural Disasters Help “Natural disasters can give a boost to the countries where they occur – and sometimes, the more the better” “When something is destroyed you don’t necessarily rebuild the same thing that you had. You might use updated technology, you might do things more efficiently. It bumps
One would think Matthew Yglesias had become quite well versed in Austrian Economics by now or at least slightly familiar, but alas that is not the case. Sadly all one can do is shake ones head as I think it is a lost cause and he really is not interested in learning why it was Ron Paul stated that “ We are all Austrians now. ” Here is his latest
If only Murray was around to see this.. An overwhelming majority of delegates to the Maine Republican convention recently voted to scrap the proposed party platform and replace it with a document created by a group of liberty activists . The document calls for the elimination of the Department of Education, the Federal Reserve, a drastic cut in
A freely accessible Orwellian government program to Free Slave File : Free File is the fast, easy, and free way to [fund the military-industrial complex while you] prepare [to serve] and e-file your federal taxes online [in order to pay for the warfare-welfare state you support]. Choose freedom
At a business conference in Sydney, Australia, Steve Forbes suggested that President Bush sell the US oil reserves and warned that the price of oil represents a speculative bubble. According to Radio Australia: FORBES: One way to bring the price of oil down would be to stop buying for strategic petroleum reserve, which has over 700 million barrels
The International Herald Tribune imagines a world without copyright. The article discusses the use of copyright today as “the tool that conglomerates in the music, publishing, imaging, and movie industries use to control their markets.” The authors understand the core of the issue as they state that “[c]ultural monopolists desperately want us to
It looks like we’ll have to wait a little longer for the downfall of a corrupt regime on the big screen. Warner Bros. has postponed the release date of the Wachowski brothers’ “V for Vendetta” from Nov. 4 to March 17, citing post-production delays. Of course, this has nothing to do with the recent violence in London. Nevertheless, “people should
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.