A pestilence stalks the land. It threatens to undo the current economic expansion. It may undo any social good that has been accomplished this past decade and may even result in blood in the streets. What is this unspeakable horror, this evil genie that, if fully unleashed, could mean the downfall of us all? What is this scourge that causes
Austrian economists, I believe, understand the Federal Reserve System like no other people because they despise it so much. In fact, Austrians condemn central banking in general because tcommons.wikimedia.orghey recognize that these institutions are set up primarily to fund profligate spending by politicians and to rescue banks from their own
In the government’s never-ending quest to end the recession for which it is responsible, we have heard many references to consumer spending being partly responsible for not making things worse. However, it seems that consumers have been less than “patriotic,” as stores report somewhat lackluster sales for the Christmas shopping season, which
With the mid-term elections barely over, the Federal Reserve, in a move that gives even politics a bad name, has announced yet another cut in its key interest rates. The Federal Funds Rate is down to 1.25 percent, while the discount rate now stands at 0.75 percent. No doubt, economists from all sides will applaud this “long overdue” move by
In the election of 2000, John Ashcroft managed to lose his Missouri seat in the U.S. Senate by losing to a dead man. However, in the last few weeks, we have seen the U.S. dollar do one better, as it has lost ground to what was supposed to be a dead currency, the Iraqi dinar, better known as the Saddam dinar, which portrayed the face of the
En las elecciones de 2000, John Ashcroft logró perder su escaño de Missouri en el Senado de los Estados Unidos ante un hombre muerto. Sin embargo, en las últimas semanas, hemos visto al dólar americano hacerlo mejor, ya que ha perdido terreno frente a lo que se suponía que era una moneda muerta, el dinar iraquí, mejor conocido como el dinar de
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.