Mises Search

In a recent piece in the New York Review of Books , Paul Krugman and Robin Wells discuss two IMF publications and Reinhart and Rogoff’s This Time Is Different: Eight Centuries of Financial Folly . Along the way, our reviewers repeat the myth that Herbert Hoover slashed spending, while the Federal Reserve implemented tight policies, and that this

When Rothbardian economists propose that the United States needs a Federal Reserve about as much as it needs a federal car company, it’s not surprising that Keynesians ridicule the notion. What is surprising is that otherwise laissez-faire economists, particularly of the Chicago School variety, think that the market economy is good at producing

I spent the last week of April in Leogane, Haiti, volunteering with Hands On Disaster Response (HODR). The trip was definitely out of my comfort zone and definitely changed my perspective, as I explain in these posts . In the present article I want to focus on the economic lessons from my week in Haiti. Economic Laws Work in Haiti I realize this

In a recent New York Times piece , bestselling textbook author, Harvard professor, and Mitt Romney advisor Greg Mankiw offered four principles of tax reform that are almost universally endorsed by professional economists, even extremely free-market ones . In the present article, I’ll critique Mankiw’s views from a Rothbardian perspective. The

I am happy to announce that the Teacher’s Manual is now available for my introductory textbook, Lessons for the Young Economist . For those readers who are unfamiliar with it, let me explain that the student text was designed with junior-high students in mind, but it is applicable for younger, precocious students, and also even for adults who

In a few recent blog posts, Paul Krugman used bar graphs and tables to (allegedly) prove the superiority of his views over those of the Austrians. Yet, as I’ll show in this article, I can use Krugman’s own data to demonstrate the exact opposite. Krugman on the Fed and Banking Panics Perhaps spurred by his Bloomberg debate with Ron Paul, Krugman

I am pleased to announce that I will be teaching another installment of the Mises Academy online class Anatomy of the Fed. This class will cater to both the undergraduate student and the seasoned Wall Street executive. This was one of the most popular classes the first time we offered it in early 2011. The Scope of the Course This session of the

Just about everyone is drawn to the libertarian respect for property rights. Yet most people draw back from fully embracing property rights and taking libertarianism to its fulfillment in “anarcho-capitalism” or free-market anarchy. “Sure,” the cynics say, “it would be great to live in a society without the government and taxes, but who would

[This review originally appeared in the Freeman , September 2012.]   Based on art by Tim Kelly done for TheFreemanOnline.org This year marks the 50th anniversary of the 1962 publication of Murray Rothbard’s grand treatise, Man, Economy, and State ( MES ). I was humbled when asked to write an appreciation of this indispensable work of Austrian

Near the end of Human Action Ludwig von Mises declared that it was the “primary civic duty” to learn the teachings of economics. The public’s growing furor over the Patient Protection and Affordable Care Act — popularly known as “ObamaCare” — beautifully illustrates Mises’s point. No one has any business being shocked — shocked! — that millions of