Mises Search

The peace prize, that is.  

“Given all this, finding Austrian economics and libertarian theory (about four years after my visit to Dachau) had great meaning for me,” writes Stephen W. Carson . “I began to see the order in the seeming chaos of society. I began to see the beautiful ways in which society could yield harmony, peacefully navigate through conflict and even improve

“In its increasingly desperate attempts to steer the US economy away from deflation, the Federal Reserve Board is blatantly encouraging increased leverage and speculation. Having almost exhausted the potential to cut short-term interest rates, the Fed’s focus is now on flattening the yield curve by pushing down long-term rates. The Fed’s strategy

“’Boom or bust’ may take on new meaning as researchers theorize a link between U.S. economic conditions and subtle changes in Playboy centerfold physiques. According to researchers, a comparison of the faces and figures of Playmates of the Year from 1960 to 2000 suggests men may prefer stronger-looking women in hard times, and softer, more

Writes columnist James Pinkerton : Once upon a time, conservatives opposed God-playing hubris. The Austrian-born economist Friedrich Hayek, for example, wrote a book titled “The Fatal Conceit.” And what was that “fatal conceit”? It was the idea that “man is able to shape the world around him according to his wishes.” Hayek was no enemy of progress

Laurence J. Kotlikoff and Jeffrey Sachs in the Boston Globe: Our government is going broke. The feds face bills that are far beyond our capacity to pay — by $44 trillion to be precise. The longer we ignore them, the bigger they get. Yet President Bush is working overtime to deepen our fiscal trap. This $44 trillion figure is not ours. Nor is it

Sean Corrigan writes: In a study of Britons’ savings habit (‘What saving habit?’ you might well ask!), Sainsbury’s Bank said that while people were generally advised to save between 10 and 15 per cent of their income, their research had found that the 12.4 million people who are in full-time work were saving just 4.7 per cent, while the 3.7

Writes Paul Krugman, so sound when not talking about economics : An administration hypes the threat posed by a foreign power. It talks of links to Islamic fundamentalist terrorism; it warns about a nuclear weapons program. The news media play along, and the country is swept up in war fever. The war drives everything else — including scandals

Ramesh Ponnuru writing in National Review Online : “A dissenter from this view is George Selgin, an economist who teaches at the University of Georgia’s Terry College of Business. Selgin challenges the view, commonly held on the right and in the center, that government should guarantee price stability. When productivity is increasing, he argues,

According to David Malpass writing in National Review Online : “There’s too much concern that the U.S. is heading into deflation. U.S. deflation was a policy problem in the late 1990s and caused the global recession of 2001. However, the U.S. departed sharply from Japan’s deflation path in 2001 and we’re now well into a reflation process. In the