Several commentators have discussed whether or not university athletic teams could survive without subsidies from the administration. While not all athletic programs receive revenue from student fees (for instance, the large athletic program at my alma mater is entirely self-sufficient), there is evidence that suggests that many of these teams
This time from a natural order perspective. For a New Liberty - Murray Rothbard Machinery of Freedom (excerpt) - David Friedman Market for Liberty (excerpt) - Morris and Linda Tannehill Pursuing Justice in a Free Society: Crime Prevention and the Legal Order - Randy Barnett Capitalist Production and the Problem of Public Goods - Hans Hoppe The
Jim Rogers: “They are really giving up on the dollar, they are driving the dollar down, they are printing money as fast as they can. Look, the Federal Reserve has just in the last week spent 230 billion dollars taking on loans, house loans, mortgages, out of the system. This man Bernanke was never elected by anybody, I don’t know where he gets the
It is vitally important to view action as purposeful behavior as this view leads to the exposure of fundamental elements of social cooperation governing all of human existence. The role of the individual in society, the importance of private property, peaceful and secure coexistence, and the search for maximum capacity all extend from the moment
Hesiod, Democritus, Xenophon, and Aristotle provided significant insights into economic theory through praxeological deduction. Stoic thought presents a coherent notion of natural law. Lao Tzu, Chuang Tzu, Pao Chingyen, and Ssu-ma Chíien, Taoists in Ancient China, provide insight into the spontaneous order of the market and the effects of
The Bitcoin community faced another crisis besides this on Sunday afternoon as the price of the currency on the most popular exchange, Mt.Gox , fell from $17 to pennies in a matter of minutes. Trading was quickly suspended and visitors to the home page were redirected to a statement blaming the crash on a compromised user account. Mt.Gox’s Mark
BitCoin, the world’s “first decentralized digital currency”, was devised in 2009 . Unlike other virtual monies it does not have a central clearing house run by a single organization. Nor is it pegged to any real-world currency yet it can be used to purchase real-world goods and services however it is also just as fiat as it is not pegged to any
David Kramer on Bitcoin— Just Another Bogus Medium of Exchange I’m sure by now many of you have heard about Bitcoin . The fact that it’s called “virtual currency” gives you an idea about its actual value as a real medium of exchange. While many people who are touting it on Facebook are enamored with the fact that it was voluntarily created by the
There is a stock character in fiction, particularly science fiction, who might be called the Immortal. Whether he be vampire or angel, alien or just some everyman blessed — or cursed — with Methuselah-like longevity, certain traits define the Immortal. He is polite, generous, even kind, but also resigned to the fact that life is often none of
Los Angeles’ Museum of Contemporary Art recently made a curious move to whitewash a mural painted by internationally known street artist BLU. The mural was originally commissioned by MOCA for their upcoming “Art in the Streets” exhibit. The wall faces the Veterans Administration healthcare building on Temple Street in Downtown Los Angeles. Was the
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.