The Free Market 24, no. 1 (January 2004) “Deep in Debt, Caught in a Net.” This old English proverb concisely describes the financial condition of many Americans. Household debt is rising at an 8.8 percent annual rate, home mortgage debt at 14.2 percent. Total debt in the United States doubled from 1998 to 2002, from $16 trillion to $32 trillion
The Free Market 24, no. 3 (March 2004) The Washington Post’s Jonathan Weisman recently scored a front-page story about President Bush that would have galvanized DC conservatives three years earlier if the same words had been written about President Clinton. Writes Weisman: “Confounding President Bush’s pledges to rein in government growth,
The Free Market 24, no. 4 (April 2004) Debt is an institution in American government, long established and widespread. A cursory glance at debt statistics will quickly show that there has been a lull in the truth about debt, namely, that it cannot grow indefinitely at the rate at which it has been growing—at least not without a serious
The Free Market 24, no. 11 November( 2004) L udwig von Mises wrote in 1922 that “nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich.” He also said that such a policy creates nothing. It is a purely destructive act that results in capital consumption. Also shedding light on the
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.