The Free Market 18, no. 1 (January 2000) A strong economy is the mortal enemy of the welfare bureaucracy. If Americans are productive and prospering, who needs all those welfare bureaucrats? So, to eliminate the threat of diminished funding of its pay, privileges, and perks, the Washington welfare bureaucracy, led by President Clinton, is
The Free Market 18, no. 1 (January 2000) From the 1930s through the 1980s , government claimed it could innovate better than private markets. That’s what the boondoggles like TVA, Nasa , and Semitech were all about. Hardly anyone believes that anymore, so the rationale for government regulation of technology has changed. It now concerns such
The Free Market 18, no. 1 (January 2000) A common misconception in popular thinking about business is that companies need to be helped along and supported by government. If a community fails to help business, it is said, it will miss out on jobs and prosperity. We see this happening across the country. Cities use public funds to build sports
The Free Market 18, no. 1 (January 2000) Jean-Claude Castex is surrounded by miracles, or at least the quest for miracles. As the official feutier, or tender of religious candles, at Lourdes, the spot in France where the Virgin Mary appeared in a grotto to a poor miller’s daughter in the nineteenth century, Castex sees, on average, some 14,000
The Free Market 18, no. 1 (January 2000) “The trouble with socialism,” Oscar Wilde once wrote, “is that it takes too many evenings.” Indeed, the private lives of socialists are highly politicized. They must not be interested in anything-not even their families-other than socialism. The theory must inform every aspect of their lives, which must
The Free Market 18, no. 2 (February 2000) At the end of the century, Bill Clinton declared Franklin D. Roosevelt the “man of the century” for having “saved capitalism,” echoing the gushing praise that Newt Gingrich has heaped on FDR, calling him “the greatest figure of the twentieth century.” The greatest phony of the twentieth century would be
The Free Market 18, no. 2 (February 2000) It was 1934, and government- caused mass unemployment supposedly was being solved by a near mass takeover of the economy by that same government. However, “Do you have a job?” was not the only important question that Uncle Sam had for his subjects. He also wanted to know, “Are You Training Your Child To
The Free Market 18, no. 2 (February 2000) In The Foundations of Leninism, Stalin declared “For the overthrow of the bourgeoisie, we must have the efforts of the proletarians of several advanced countries.” What he secured instead was the slavish devotion of Western intellectuals who claimed to represent the proletariat: left intellectuals. With
The Free Market 18, no. 2 (February 2000) The city of Seattle, which had planned to make money on hosting the World Trade Organization, wound up trying to cut its losses by asking the WTO to end its conference early and leave town. Self-described free-traders who helped to create the WTO ought to be feeling the same way. The organization that
The Free Market 18, no. 2 (February 2000) The left, most recently New York politico Lenora Fulani, likes to render the Boston Tea Party as a protest against corporate capitalism, and thereby analogous to the property-destroying protests at the World Trade Organization meetings in Seattle. A more traditional interpretation regards the Boston Tea
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.