Mises Search

One way to make a Keynesian bristle is to tell him that Keynesian theory at its core is little more than the discredited belief of “underconsumption.” Now, the standard “underconsumption” theory is built upon the premise that unless an economy can “buy back” the products that are created, the economy will drift into crisis as inventories pile up,

Lets hear it for the Austrian School. Yes, after much soul searching and research the Washington Post’s resident Marxist E.J. Dionne has discovered why things are not getting done in Washington the way he would like. Yes, it is the Austrian School of Economics. Yes, we Austrians are wrecking the country and keeping economic recovery from occurring

by David Stockman Remarks To The Committee For The Republic, Washington DC, February 2014  ( Part 1 of 6 Parts) [From David Stockman’s Contra Corner .] Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—an outcome which 45 years of Cold War military

by David Stockman  From David Stockman’s Contra Corner . Remarks to the Committee For The Republic, Washington DC, February 2014 (Part 2 in a 6-Part Series) See Part 1.   During the Great War America became the granary and arsenal to the European Allies—-triggering an eruption of domestic investment and production that transformed the nation into

Here, Ron Paul discusses Crimean secession: “That is our how our country was started,” he said. “It was the right of self-determination, and voting, and asking and even fighting for it, and seceding. Of course libertarians were delighted with the secession of the various countries and units of government away from the Soviet Union, so yes, we want

Jeremy Rifkin long has perfected the art of adding two and two and getting five. In the 1980s, he claimed that the Law of Entropy made it impossible to a free economy to exist, which meant that the State needed to plan and run things. (How the State would triumph over the Second Law of Thermodynamics is anyone’s guess, but Rifkin doesn’t need

The effects of US monetary policy on Colombia and Panama (2002-2007) More good work from Metro State’s Nicolas Cachanosky Highlights: Studies international effects on two small economies with different forex regimes. Studies how these two economies react to US monetary policy. Relative capital intensive sectors are more sensitive to US monetary

American political culture always seems to be “celebrating” the anniversary of something, be it JFK’s assassination (we just passed the 50th anniversary of that sad event) or the signing of some (mostly bad) legislation. The latest political activity to be enshrined with an anniversary is the so-called Stimulus, the $800 billion monstrosity passed

Almost anyone who was of age and living in the United States during the 1980s will remember that it was given the moniker of “Decade of Greed.” As the story went, Ronald Reagan was president of the United States, the Republicans controlled the U.S. Senate for six years, and a “pro-business” administration permitted businesses— and especially Wall

In this article, William L. Anderson reviews Judge Andrew P. Napolitano’s Constitutional Chaos: What Happens When the Government Breaks its Own Laws . Volume 20, Number 3 (2006) Anderson, William L. “ Constitutional Chaos: What Happens When the Government Breaks its Own Laws by Andrew Napolitano.” Journal of Libertarian Studies 20, No. 3 (2006):