In his new book Political Illiberalism Peter Simpson poses a fundamental challenge to John Rawls’s Political Liberalism. Though Simpson cannot be classified as a libertarian, his bold arguments will be of great use to all of us who oppose the state.
The influence of the Mises Institute is growing, but we still have a long way to go. With an election year looming, our mission of winning hearts and minds becomes increasingly urgent.
Even when a boom is obvious, it is still in the interests of individual owners and consumers to keep it going.
This week, the Federal Reserve raised the target Federal Funds Rate ever so slightly. The Fed perhaps felt it had to raise rates to protect its credibility, as credibility problems seem to be plaguing similar institutions worldwide.
Statistics can only go so far in telling us about patients, so doctors must deal with uncertainty every day while applying the skills of entrepreneurs. In a way, the best doctors are often the best entrepreneurs.
The biggest technology problem we face today is not the rise of technology in the private sector. New technologies only improve worker productivity and wealth accumulation. The real problem is in the many ways that the state will use technology against us.
In a recent exchange with Janet Yellen, Senator Ted Cruz blamed the Fed for being too "tight" with monetary policy, thus causing the financial crisis of 2008. Cruz is right that the Fed was at fault, but he's wrong about how.
Luckily for us all, Mises survived the war and went on to live a life that fundamentally altered the world. He overcame the Nazis, academic blacklists, and the personal hardships that tends to haunt any man who refuses to sacrifice his principles.
ZIRP has created massive asset bubbles throughout the world economy, but also has a diabolical impact on ordinary people who are largely disconnected to the bubbles.
