Joe Salerno’s article, “ A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis ,” is now available in a Polish translation . The article demonstrates that the phenomenon of overconsumption that occurred during the housing bubble is completely consistent with the theory and rebuts Paul Krugman and several other
This week’s Iowa caucuses mean that election season has officially begun, though the truth about politics stays the same . While the names may change, the spectacle every four years represents, as Lew Rockwell notes, “the triumph of compulsion over cooperation, coercion over freedom, and propaganda over truth.” Party banners are waved, campaign
In the latest issue of The Austrian , Ron Paul identifies reasons for optimism in the cause for liberty, and outlines where the movement should go from here. Also in this issue, David Gordon reviews the much talked about Phishing for Phools from George A. Akerlof and Robert J. Shiller. Dr. Gordon picks apart the offering from the pair of Nobel
The Austrian is unapologetically radical and politically incorrect. Each issue will feature provocative articles by cutting-edge libertarian and Austrian thinkers, conversational interviews with leading business people and intellectual entrepreneurs, reviews by David Gordon, and cultural commentary by guest writers. It is published six times a
Mises Daily Wednesday by Brendan Brown Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it
Thanks to Schiffgold.com for providing a partial transcript to Jeff Deist’s interview with Jay Taylor. The full audio interview can be found at Mises Weekends . During the interview, Taylor asks Deist to explain what Austrian business cycle theory tells us about the nature of the next financial crisis. Here are highlights: “Well Jay, in essence,
Mises Daily Thursday by David Gordon: George Kateb’s new book, Lincoln’s Political Thought , is an important addition to Lincoln scholarship. Kateb appears to understand that Lincoln was more of a nationalist than a moral crusader, although Kateb’s conclusions about the Civil War inspire
Mises Daily Friday by Ryan McMaken: Conscription has become an issue in Ukraine where young men are attempting to avoid compulsory military service. But Ukraine is not unique, and states across the globe and throughout history have imposed the 100-percent tax known as “the
Mises Daily Wednesday by Peter Wong: Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good
Below are all the named lectures from this year’s Austrian Economics Research Conference, including: “ On Man, Nature, Truth, and Justice “ by Hans-Hermann Hoppe, “ Government Barriers to Economic Growth “ by John Tamny of Forbes Magazine, Editor of Real Clear Markets , “ Entrepreneurship, Austrian Economics, and the Cryptorevolution “ by Patrick
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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.