The Economist has a new report out on the Nordic countries naming them the model for how other nations can return their economies to prosperity. As socialism failed in Sweden in the early 1990s the government and to a lessor extent the neighboring countries of Denmark, Finland, and Norway began to reform economic policy. Taxes and budget deficits
Milton Friedman and all monetarists after him claimed that the Gold Standard had a fatal flow. The Gold Standard required that gold be dug up, refined and then made into coins or stored away in vaults to back paper money in circulation. Therefore this gold was expensive and could not be used in jewelry, artwork, industry, etc. The fiat money
It would seem that Vladimir Putin has learned the art of alchemy as he has turned some Russian oil into Russian gold. According to a Bloomberg report : When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil
From time to time I have been critical of Professor Paul Krugman, the Nobel Laurette from Princeton University and the New York Times . Recently I criticized his use of the babysitter model of the economy. However, Robert Blumen brought to my attention that I had unfairly criticized Krugman in my paper on the deflation phobia,
Course Description: A new history of the Great Depression is emerging. One that acknowledges the role that government played in causing and prolonging it, and the constructive role that free enterprise could have played, if it were given the chance. In this video, UCLA economist Lee Ohanian explains how Herbert Hoover, widely misunderstood as a
As we moved into the second half of 2014, I was eager to learn if marijuana legalization in Colorado was succeeding. At first there was little being reported, but eventually reports started appearing in the news. Business Insider reported that “Legalizing Weed in Colorado Is A Huge Success,” although they did temper their report with a “Down Side”
This transcript is adapted from an interview with Mark Thornton and David Morgan at The Morgan Report. Mark Thornton is available for media interviews. Contact him here. David Morgan: Could you give us your personal assessment on the current economic landscape? Mark Thornton: Well, I guess we’re at the point in history that I always thought was
This article is also available as an Audio Mises Daily Most attentive parents today rarely allow their children to go unsupervised, particularly in public. It starts with the wireless baby monitor for the crib and ends with the ever-present cell phone at college graduation. This is what makes reports from the US-Mexican border so perplexing to
This article is also available as an Audio Mises Daily [ Smuggler Nation: How Illicit Trade Made America by Peter Andreas, Oxford University Press, 2013.] Whenever I receive a book to review that is written by some hotshot ivy leaguer, I brace myself for all the deception and tomfoolery that I will have to endure. Peter Andreas’s Smuggler Nation ,
Mark Thornton, Mises Institute Senior Fellow, recently traveled to the United Kingdom to take part in Oxford University’s Oxford Union Debates. Mises Institute: Why were you invited to debate at Oxford? Mark Thornton: The Oxford Union can pretty much get whoever they want to debate, including presidents, prime ministers, Mother Theresa, the Dalai
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.
