Listen to the Audio Mises Wire version of this article. Readers of a certain generation will remember the seminal 1980s rock band X , featured in Penelope Spheeris’s great documentary The Decline of Western Civilization. Punk and alternative bands in the Tipper Gore era struggled to get record deals, radio airplay, or even hire venues for gigs
Listen to the Audio Mises Wire version of this article. 100 years ago, Ludwig von Mises literally wrote the book on socialism. But 25 years later, in 1946, Henry Hazlitt wrote the primer. Economics in One Lesson remains a classic. It may be the most important book about economics ever written for laymen. It’s a perennial best seller in our
Bernanke is absolutely savaged in the comments to this CNBC video detailing his $250K speaking fee (now that he has joined the “private” sector). This is a family blog, so we won’t reprint any of them here. But the comments show how laughably out of touch with reality our political/banking class really is. NOBODY believes the official story
by Laurence Vance The latest ruse of some conservatives to garner the sympathy, support, and votes of libertarians is to declare that they are “constitutionalists.” Although they are sometimes referred to as “libertarians” in the media, sometimes even portray themselves as “libertarian-leaning,” and get ecstatic when real libertarians describe
This is a very nice takedown of E.J. Dionne and his recent bizarre assertion that the GOP is somehow in thrall to Austrian economics. The author not only elaborates on the silliness behind Dionne’s pined-for “normal, bipartisan legislation during the Keynesian heyday,” but also blasts David Frum’s nonsensical assertion that the Austrian school
From Economics in One Lesson By Henry Hazlitt We have already seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The same sort of harmful results follow efforts to raise wages through minimum wage laws. This ought not to be surprising; for a wage is, in fact, a price. It is unfortunate for
Larry Kudlow frets that Janet Yellen simply doesn’t understand the need for a rules-based Fed model to guide the money supply and interest rates. Ms. Yellen, Kudlow informs us, should “limit her focus to stable prices and a reliable King Dollar.” “Stable prices”. “King Dollar.” This is rich. I wonder if Asian central bankers would agree with
This article from CNBC paints a pretty gloomy picture. Malls are dead. Retail space is wildly overbuilt. The poor and middle class have no cash-- and too much debt. Who really needs another shirt or ipod or kitchen device at this point? Trendy suburban brands like Lululemon may grow for awhile (mostly selling to households making 100K+), but
All videos from January’s Mises Circle, “The Police State: Know It When You See It.” See also, “Whatever Happened to Peace Officers?” by Jeff Deist and “Mussolini’s Idea of the State and Its American Defenders” by Lew Rockwell.)
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.