Writer Neal Gabler recently “confessed” his “secret shame” in an Atlantic Monthly article on how a huge percentage of middle-class Americans are living beyond their means, existing paycheck-to-paycheck, and are mired in personal debt. He writes: I never spoke about my financial travails, not even with my closest friends—that is, until I came to
Lawrence Moss, who was a wonderful fellow traveler of the Austrian School and the editor of The American Journal of Economics and Sociology , has passed away. The arrangements for a memorial service for him are incomplete, but I spoke to his widow tonight, Widdy Ho, and gave her my condolences. Larry edited the book The Economics of Ludwig von
Presidential elections in the United States spawn Really Bad Economic Policies, and 2016 is a vintage year. Bernie Sanders is resurrecting socialism, and others seek to outdo him. However, before leaping into the abyss of campaign rhetoric, I first note that none of the current candidates are doing what Ron Paul did during his presidential primary
There is no more statist rag in the world than the New York Times , and the entire worship of the government and its regulatory apparatus was on display in an op-ed on transportation written by two college professors. Now, the op-ed must be read to fully comprehend the utter economic ignorance, the uncluttered belief in untrammeled state power,
April 15 is here and we are required to do the following: tell the government our income and send much of it to Washington. Austrian-school economists are likely to tell you this is a bad thing and that taxes and government spending lower our living standards. In other words, the more government we are required to finance, the poorer we will be.
In writing about socialist medical care like they have in Canada, one of my points has been that socialist systems tend to be undercapitalized, as in such a system, capital becomes a liability rather than an asset. For example, the county where I work has about 80,000 residents and has as many MRI machines as does Montreal, which has several
In the end, whatever she did really didn’t matter. Had a bank camera captured footage of her robbing a bank at gunpoint, James Comey would have declared that while Hillary Clinton did a bad thing, no federal prosecutor would have indicted her. (This is to assume that the Clintons need to use weapons when extorting money for themselves while, in
It seems that anyone on Planet Earth with a pulse now is familiar with the situation at Google in which a male engineer sent a 10-page memo over the company’s internal listserv in which he questioned some of Google’s “diversity” policies. As most of us expected when the story became public, Google fired the employee, citing “incorrect” thoughts
When the cable TV sports giant ESPN announced 100 layoffs recently , including letting go a number of high-profile broadcasters , a lot of people took notice, and well they should: things no longer are business as usual in sports broadcasting, and we are not even at the beginning of the end, and maybe not even the end of the beginning. Like the
Absolute Immunity for Prosecutors Creates the Classic “Lemons Problem” Public officials argue that to be able to carry out their duties, laws must protect them from lawsuits by disgruntled individuals or those harmed by wrongful actions of government agents. The U.S. Supreme Court especially has protected prosecutors, granting them absolute
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.
