The website Paper Money Collapse written by Detlev Schlichter is closing down as the author is embarking on new adventures. The author is an Austrian economist with perceptive commentary on economy. Here is a good example of his writings where he discusses the Free Banking vs. 100% Reserve Banking. We all wish Detlev good fortune in his new
In this week’s The Mises View: Peter G. Klein explains that the “shutdown” is no shutdown and urges us to reject the economic version of Orwellian doublespeak.
Woodrow Wilson signed the Income Tax into law one hundred years ago today. As direct taxation of Americans was prohibited by the Constitution, a constitutional amendment was necessary before what would become the Revenue Act of 1913 could be legally imposed. The income tax, and the enabling amendment, were sold to the voters as necessary for a tax
October 10th is the 40th anniversary of the death of Ludwig von Mises. He was one of the most notable economists and social philosophers of the twentieth century who created an integrated, deductive science of economics. He based system on the fundamental axiom that human beings act purposely to achieve their desired goals. Mises left a legacy of
For students of Austrian Economics in the Spanish-speaking world, Instituto Juan de Mariana has recently posted a sizable number of lectures by Mises Institute Senior Fellow Jesús Huerta de Soto. Here is Lecture 1. The lectures take place over a period of several years. These appear to be full-scale academic lectures delivered in a university
For those who are unfamiliar with the site, Instituto Mises Hispano makes a selection of Mises Daily articles available in Spanish . For example, there is this one by Mark Thornton: Solo la teoría austriaca puede explicar y exponer auges y burbujas En 2004 escribí un artículo que demostraba que, usando la TACE, los economistas austriacos fueron
The New York Times and news outlets around the world continue to push the idea that higher inflation (of prices) is what the global economy needs. It is suppose to help governments, businesses, households, and jobs. This is nonsense of course. I address this issue in this interview on the Butler on Business on Business Show this week. John Cochran
Well, we probably all could see this one coming. The voters of Colorado voted to put taxes on the sale of newly legalized marijuana. The taxes add up to a 25% tax on marijuana consumers. However, marijuana prohibition probably increased the price of illegal marijuana by several hundred percent and people can always grown their own to avoid the
The Free Market 24, no. ( 2004) S igns of a “new era” in housing are everywhere. Housing construction is taking place at record rates. New records for real estate prices are being set across the country, especially on the east and west coasts. Booming home prices and record low interest rates are allowing homeowners to refinance their
Paul Krugman attacked Ron Paul, Paul Ryan, and “Honest Money” and also took a shot at Austrian economists on his blog today. He called honest money a “Ron Paul dog whistle” and then went on to query Austrian economists on their position on Money Market Mutual Funds (MMMF). He doesn’t expect a serious answer. How do the Austrians propose dealing
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.
