[Editor’s Note: Mary Sennholz, wife of Austrian economist Hans Sennholz and friend of Margit and Ludwig von Mises, recently spoke with Senior Fellow Jeffrey Herbener and Associated Scholar Shawn Ritenour about her long career as a writer and editor, and as a friend and colleague of many other giants of the Austrian School. The interview was
The Free Market 14, no. 12 (December 1996) The big 2000 is approaching, and with it comes renewed interest in millennialism and the Book of Revelation. Everyone is looking for signs of something to happen, either cataclysmic or glorious. Will the Kingdom of God be established on earth? If so, what will it look like and who will be its prophet?
The Free Market 15, no. 7 (July 1997) The 5th Street Theater in Seattle, Washington, is one of a dwindling number of houses of its kind. It receives no government money whatsoever. Its revenues come from a permanent endowment and ticket sales to its popular, if small-scale shows. Its charter prevents it from raising money from other private
The Free Market 15, no. 11 (November 1997) Employees at the Environmental Protection Agency presume to protect us from all sorts of supposed evils. But in doing so, no bureaucrats, save the tax collectors, are more vicious in their trampling of property rights. For example, they have made life miserable for people who own auto salvage and parts
The Free Market 16, no. 6 (June 1998) Around the country, sports entrepreneurs have been responding to a perceived social problem by doing what they do best: efficiently serving customers. The advent of the work-out craze led to the blossoming of a prospering health-club industry. Along with growth, however, came certain problems, some of which
The Free Market 16, no. ( 1998) No sooner is John Maynard Keynes declared irrelevant for modern economics than some establishment figure declares him the god of the age. It happened again, in the pages of Fortune Magazine (August 17, 1998). The writer was MIT’s Paul Krugman, one of the most famous economists alive. His article, “Why Aren’t We
The Free Market 17, no. 3 (March 1999) The Equal Pay Act of 1963 trampled on the rights of states to regulate their own labor markets, by overturning local laws enacted to protect women from working long hours, working at night, lifting heavy objects, and working during pregnancy. In addition, the 1963 law prohibited employers and employees from
The July 22 Financial Times included an interesting take on the deflation scare. In a letter to the editor, Takashi Ito from Tokyo, Japan writes: “Sir, As people the world over contemplate life with deflation, here is a bit of heartwarming news from Japan. As long as you have a job and keep all of your assets in cash, life in deflation is great.
This kid-friendly site attempts to explain the difference between a free market and socialism. It contrasts the “totalitarian leadership” of a symphony orchestra with flexibility of a leaderless rock-and-roll jam. Parents: don’t try this metaphor at home . It would imply that socialism works most of the time in the right circumstances. A great
[ This article is excerpted from the December issue of The Free Market , and is adapted from the fifth chapter of 2014’s The Fed at One Hundred , edited by David Howden and Joseph Salerno . ] Throughout the existence of the Fed, its officers and intellectual supporters understandably asserted that the government’s movement toward central banking
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.
