In explaining his position on the Iraq War, John Derbyshire has this to say about the nature of trade: “The imperialist principle is ‘trade follows the flag.’ The case I am stating is more like: ‘The flag will get pulled along in trade’s wake, whether you like it or not.’” He then asserts that whether Americans are interested in the rest of the
New on the Mises film page : The Mouse That Roared (1959) Peter Sellers stars in 3 different roles in this light comedy about foreign aid, the Cold War and nuclear brinkmanship. The tiniest country in the world has fallen on hard economic times and decides on a novel way of getting out of their fix. The Prime Minister’s proposal: “There isn’t a
Wired News informs us that the U.S. May Get a Privacy Czar. [former chief privacy officer under Clinton] Swire said in addition to establishing federal privacy oversight, the bill would help “broaden the national debate on privacy so that it’s harder to slip into a surveillance state.” Mr. Swire , I’m going to go out on a limb here and suggest
On the recieving end, war causes businesses to lose inventory, employees, capital goods and simply put, valuable property. Additionally, funding the construction of missiles, tanks, carriers and other such warring goods requires the diversion of productive capital into inefficient and unproductive industries (the utility of a tank on a farm is
Could the stifling State layer that surrounds our planet and cuts us off from space finally be opening up for entrepreneurship? Slashdot reports : “According to the article on Space.com, the Federal Aviation Administration is nearing the final stages of certifying the Mojave Airport as the first-ever private spaceport. Both Scaled Composites and
New on Films on Liberty and the State , Oliver Stone’s controversial JFK : “Kings are killed. Politics is power, nothing more!” In this film on the assassination of President John F. Kennedy, director Oliver Stone delivers a scorching critique of the war-making United States government. The mysterious informant, Mr. X, explains, “No war... No
Arnold Beichman writes in honor of the 60th anniversary of Hayek’s classic in the Washington Times: The Austrian-born Hayek who died in 1992, explained what he called “the extended order of human cooperation, an order more commonly, if somewhat misleadingly, known as capitalism.” In his later book, “The Fatal Conceit: The Errors of Socialism,” he
CNET news.com, the popular ( top 100 web site ) tech news site issues a fatwa against the FCC: It’s true that imagining a telecommunications world without the FCC is not easy. But imagining a telecommunications world not dominated by Ma Bell was difficult two decades ago, and it was not easy for the Eastern European countries to imagine life
Econlib is featuring the 1936 Ph.D. dissertation of Vera C. Smith which was directed by F. A. Hayek. In The Rationale of Central Banking and the Free Banking Alternative , she discusses the rise of central banking as a thoroughly political phenomenon: Notes issued under this system [free banking] would be “promises to pay,” and such obligations
Don Boudreaux makes a theoretical observation that is all too dreadfully relevant right now: If... people who dislike U.S. government policies seek to terrorize Americans because of these policies, every American is at greater risk of being a victim of a terrorist attack – even those citizens who strongly oppose the policies. This is a negative
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.
