Thanks to David Nichols at 21st Century Alert for citing Frank Shostak’s piece in today’s “Morning Briefing”: “In this essay, the author makes a detailed argument why the pumping of the money supply can cause a ‘reshuffling’ of assets in the short term, but that ultimately this is not a solution if the pool of real savings and real wealth in the
Mises Institute summer fellow Daniel McCathy on the proposed spam tax . “Christopher Caldwell doesn’t like spam. That’s ok – who does? Caldwell, however, thinks that the solution to unsolicited commercial email is to have ‘lawmakers’ – the federal government – do something about it. There’s a problem here, but what’s worse is that Caldwell gives
Jeffrey Frankel of Harvard (Financial Times): “imposing the dollar on Iraq could also feed widespread fears of US imperialism. The politics would get even trickier if, as in Argentina, the arrangement hit a crisis - for example, as a consequence of an increase in US interest rates.... My proposal for Iraq, therefore, is to...define the value of
We continue to hear wonderful comments on Roger Garrison’s Hayek Lecture at the London School of Economics. ( Read his published paper .) LSE head Tony Giddens said: ”The lecture was excellent and the dinner discussion sophisticated.” Also, Garrison met at 10 Downing Street with economic advisers to the PM. More information to
“At the risk of sounding like Chicken Little, I am going to describe the economic situation in plain English. The United States is flirting with a low-grade depression, one that may last for years unless the government takes decisive action to overcome it,” says William “Easy-Money Bill” Greider in The Nation .
The US is dishing out the big bucks to US firms assisting in the “rebuilding” of Iraq, and the Washington Post offers a look into how it’s done. Back in November, Creative Associates of DC was consulted in how contracts ought to be awarded in the reconstruction of Iraq’s educational system. When bidding time came, Creative Associates seemed like
I attended Roger Garrison’s lecture on the Austrian theory of the business cycle at the LSE. The auditorium was packed, probably 250-300 in the audience. To my mind, Roger’s presentation was nothing short of brilliant. Poised, witty, yet unremitting in his calm reasoning, he showed how this “oddball,” out of the mainstream theory is by far
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.