”I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces.” -Étienne de La Boétie
Last week, the Heritage Foundation published commentary on the number of Americans who pay income tax, and decried the fact that 49.5 percent of Americans are “not represented on a taxable return.” The Daily Mail then picked up the statistics and announced that “ HALF of Americans don’t pay income tax despite crippling government debt .” To its
One would think Matthew Yglesias had become quite well versed in Austrian Economics by now or at least slightly familiar, but alas that is not the case. Sadly all one can do is shake ones head as I think it is a lost cause and he really is not interested in learning why it was Ron Paul stated that “ We are all Austrians now. ” Here is his latest
Toward the end of his State of the Union speech, President Obama said “I believe what Republican Abraham Lincoln believed: That government should do for people only what they cannot do better by themselves, and no more.” Apparently, he didn’t note the immense irony of those words on the lips of one of American history’s most aggressive expanders
Two $1,000 prizes were awarded at last week’s 2012 Austrian Scholars Conference for outstanding essays. Fittingly, in the ASC celebrating the centennial of Mises’ first magnum opus, The Theory of Money and Credit (although, in the conference, Guido Hulsmann explained, among other mistranslations in the English edition of the book, how “credit”
Small business is the subject for debate in today’s Wall Street Journal . Small business is said to be the main job creator in the U.S. economy and with unemployment still high, and a punk business climate, a goosing from government policy is thought to be the tonic to put us right back comfortably in bubble land. All we need is a massive wave of
Tyler Cowen is impressed over “ how much war can spur innovation .” He does not mention all the innovation that redirecting resources away from serving consumers and toward slaughter and destruction will at the same time
Barack Obama’s recent statement on fair trade , a statement applauded by some leading Republicans, contains some easily recognizable errors in international trade theory. The central problem with his remarks is seen in his following position: Now, one of the things that I talked about during the State of the Union address was making America more
The Supreme Court is going to consider the constitutionality of ObamaCare in the coming weeks, but the government takeover of healthcare didn’t start with the current president, but with Harry Truman decades ago. We’re told the nation’s health care needs fixed: That the free market isn’t providing for this vital service adequately. However,
Federal Reserve Chairman Ben Bernanke went back to the classroom to educate young minds at George Washington University about the history and role of central banks and the Federal Reserve in particular. On the topic of financial panics, Bernanke asks the students if they’ve seen the movie “A Wonderful Life.” Not as many students had seen the movie
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.