Economist Marc Faber, author of one of the more interesting books of the last year combining economics and investment ideas ( Tomorrow’s Gold ) provides his outlook for the coming year . I would describe Faber as Austrian-influenced but not Austrian. He mentions the Austrian theory of the business cycle in his book but gets it wrong. He is
Federal Reserve Economist Wayne Passmore has authored a new study on the housing GSEs , which finds that: (1) the federal government’s implicit subsidy of Fannie Mae and Freddie Mac has resulted in a funding advantage for the GSEs over private sector institutions, (2) the actions of GSEs result in slightly lower mortgage rates for some
From the Washington Times (scroll down): California Gov. Arnold Schwarzenegger is only the most recent native Austrian to make waves in American policy circles. The “liberty” philosophies of the late F.A. Hayek and Ludwig von Mises and other modern philosophers of the “Austrian School” of economics — being icons of the American center-right —
Sent to my list: “Lew Rockwell gave me my start in journalism, so it’s my pleasure to return the favor in small part by informing you of his new book, Speaking of Liberty . Lew is president of the Ludwig von Mises Institute, and I know of no writer who defends the cause of freedom with greater ardor and erudition. To learn more about Speaking of
Another painful reminder that a breakdown in interventionism does not necessarily lead to freedom: totalitarianism is the other option. “Robert Mundell, a nobel-prize winning economist, often credited with paving the way to the European single currency, has called for a global currency.” English summary . French interview .
The Mundell interview goes on to say: “Of course, one would keep the dollar and the euro. This international currency would be used in the large international exchanges, for movements of capital and commercial transactions.” For more on Mundell, see these comments and this critique .
The start of a new semester at public High School gives us ample opportunity to laugh at the nonsense spouted in Social Studies text. My AP “Comparative Government” class uses the text “ Comparative Politics: Domestic Responses to Global Challenges “, by Charles Hauss. I flipped to the chapter on communism and (unsurprisingly) found some real
Internal State Department telegram (as sent by a friend): R 061308Z JAN 04 FM AMEMBASSY MINSK TO SECSTATE WASHDC 6833 INFO MOSCOW POLITICAL COLLECTIVE HQ USEUCOM VAIHINGEN GE UNCLAS MINSK 002054 E.O. 12958: N/A TAGS: ECON, PGOV, BO SUBJECT: Belarus Bans Inflation; Gravity and Aging Next On December 16 the Ministry of Economy announced that
As regards the Schumer and Roberts piece contra traditional free-trade doctrine, we should not forget that Ricardo was writing in 1817, and stating for the first time in the English language a principle that had not yet been fully grasped (at least not by anyone whose work had become well-known) and that is one of the less intuitive notions in
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.