While watching the classic comedy Animal Crackers , I laughed as Groucho Marx — playing the character Captain Spaulding — engaged a gentleman named Chandler in a very funny Marxian discussion of inflation and fiat money: The nickel today is not what it was fifteen years ago. Do you know what this country needs today?...A seven-cent nickel.
This fascinating and inspiring story from the BCC shows how Vietnam has been transformed through trade and capitalist practice. “Vietnam now attracts more overseas investment than India does; it is second only to China in the Asian economic growth league, and 50% of the Vietnam population is aged 35 or under. The trite way of putting it is that
This excerpt from an article on Americans abandoning U.S. automakers provides an idea of just how ignorant one would have to be to believe that “buying American” makes any sense: Justin Watson, a 25-year old laborer and student from Beaumont, Texas, says he is fiercely loyal to American cars. “My great-grandfather, grandfather and father fought
My article “ Shareholder, not Stakeholder ,” which argued against the collectivist notion of “the stakeholder,” brought forth much disagreement, especially from the bohemian business types. Regarding this same topic, there is this magnificent Norman Barry piece on the stakeholder fallacy in the Freeman . He notes: The business ethicists’ current
Why does it always have to be California? New York? Massachusetts? Why not New Hampshire ? New Hampshire: The Land of “Live Free or Die: Death is not the worst of evils.” The home of Daniel Webster, Horace Greeley, Mary Baker Eddy, Franklin Pierce, Robert Frost, Maxfield Parrish, Alan B. Shepard Jr, J.D. Salinger, Ken Burns, and Dean Kamen. Home
I find this book intriguing . First, I’m embarrassed to admit that I’ve never read it, or even heard of it until recently. Second, I don’t know who the author is, though she studied with Roepke and otherwise offers a massive bibliography, and is clearly an outstanding scholar. If anyone knows, please post. Third, I’m intrigued by her thesis,
Most Americans say that understanding our founding is very important. However, we actually pay almost no attention to it, leaving us woefully unaware of many critical aspects of our heritage. One of the most important but overlooked Revolutionary era influences were New England ministers. Franklin Cole, editor of They Preached Liberty , described
The spirit of speculation and adventure pervaded the entire community ... and crowds of individuals of every description—the credulous and the suspicious—the crafty and the bold—the raw and the inexperienced—the intelligent and the ignorant—politicians, lawyers, physicians, and divines, hastened to venture some portion of their property in schemes
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.