Taking for granted the fact that the hippie was part of a diverse group we called “hippies” who, in his varied states of mind, could not be counted upon to think or act like other hippies, there was, and still is, a certain type of hippie, a “hippie with a philosophy,” who actually lived the communal life. The philosophy of the communal hippie was
The judge in the Microsoft antitrust trial, Thomas Penfield Jackson, recently stated that he “didn’t see a distinction” between Bill Gates’s Microsoft Corporation and John D. Rockefeller’s Standard Oil Company. The judge is right, but for the wrong reasons. Like Gates, Rockefeller was the victim of a vindictive political assault on his company for
Joel Klein, the third-rate lawyer/political hack who is in charge of the government’s Microsoft persecution, recently tried to rationalize the lawsuit by saying that it was in keeping with the long history of consumer protection regulation, beginning with the Sherman Antitrust Act of 1890. In reality, the history of antitrust has been a history of
The county-by-county electoral map published by USA Today showing that George W. Bush carried 2,434 counties covering 2.4 million square miles, compared to Al Gore’s 677 counties covering about a half million square miles, suggests that the worst fears of one of America’s greatest statesman and political philosopher, John C. Calhoun, may have
Republican Richard M. Nixon closed the gold window Aug. 15, 1971, breaking the last monetary link with the precious metal. During the next three decades, prices as measured by the CPI more than quadrupled, or, put another way, the value of the U.S. dollar has fallen to 24 cents. Meanwhile, the dollar has lost more than two-thirds of its value
At his Humphrey-Hawkins testimony, chairman of the Federal Reserve Alan Greenspan was asked whether the Fed attaches any significance to the money supply data. The Fed chairman replied that he regards money as an important variable but admitted that he has difficulty in establishing what part of liquidity constitutes “money.” In short, Greenspan
The process was never intended to be democratic. The first presidents were appointed by elites, not elected by the masses. Not until 1820s, with the rise of Andrew Jackson, did popular voting have a role in the selection of presidents. The modern principle of democracy--repeated in nearly every media account of the Florida vote confusion--holds
In my part of the country, an emotional and as-of-yet unresolved debate has been taking place about how to best dispose of sarin nerve gas that has been stored at a local Army base. It seems that the only solution to ridding the area of this deadly substance is to custom-build an incinerator to burn it at a cost of millions of dollars. Needless to
Two front-page events from this last week would appear to have nothing in common: 1) the merger of America Online and Time Warner, 2) and a huge South Carolina rally in defense of the Confederate flag and Southern rights. In fact, they have this crucial commonality: both are glorious signs that the nation-state as we know it is coming to an end.
We now commence the annual national ritual of noticing that the Declaration of Independence is among the “founding” documents that gave birth to the country. And pundits, following innumerable scholars for 150 years, will twist and mangle the text to discern some other meaning from the document besides the obvious one. In most parts of the world,
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.