By Ron Paul L ast week World Bank economists predicted that China would soon displace the United States as the world’s largest economy. The fact that this one-time economic basket case is now positioned to surpass the US is one more sign of the damage done to American prosperity by welfare, warfare, corporatism, and fiat money. Some commentators
Anarchists are constantly tempted to respond to their critics in a way that verges on the tu quoque fallacy — in children’s playground lingo, “it takes one to know one” — because often a critic’s claim about the horrors that anarchy would bring is essentially a claim that it would bring about a condition that already exists under the rule of
Many of my friends think of the state as stupid, and therefore an easy foe for determined dissidents to defeat. I have a different view. For one thing, the state has always had ready resort to those with cutting-edge expertise in the private sector, from the days when it hired Eli Whitney to manufacture muskets with interchangeable parts to our
Although the statement is commonly attributed to Mark Twain, his friend Charles Dudley Warner was the one who said, “Everybody complains about the weather, but nobody does anything about it.” Regardless of who said it, the statement was and remains fairly accurate. In contrast, we might observe, “Everybody complains about the economy, and a
The Dallas Fed distributes a bi-monthly publication called Southwest Economy. Opening the latest one to appear in my mailbox, for January/February 2006, I began to read the “President’s Perspective,” by the bank’s president Richard W. Fisher, on p. 2. After a couple foggy paragraphs about globalization, its effects, and the new questions it
Anyone who has followed the literature of economics knows that articles in the professional journals tend to take a standard form. If the article is purely theoretical, the setup will be something like: introduction, literature, model, and policy implications. If the article is empirical, it will go something like: introduction, literature, model,
The July 2006 issue of Imprimis , a widely circulated monthly publication of Hillsdale College, contains an interview with Milton Friedman that took place on May 22, 2006, in connection with a seminar celebrating the 25th anniversary of Milton and Rose Friedman’s book Free to Choose. In responding to a question about whether “our government has
The Free Market 20, no. 2 (February 2002) Shortly after the September 11 attacks on the World Trade Center and the Pentagon, President Bush created an Office of Homeland Security. How many of us have stopped to ponder the meaning of that action? For more than fifty years, the United States has maintained an active—some might say
What are environmental forensics and why did the market develop this sector to uphold property rights? How did the government directly legalize acts of trespassing? During the 19th century the State trumped property rights in favor of State growth, Block elaborates on this and answers the questions above. Dr. Block covers much more in this
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.
