Paul Volcker, the cigar smoking former Chairman of the Federal Reserve Bank, literally and figuratively towers over his successors (he is reportedly 6’7”). Mr. Volcker is the the last Chair under whose tenure American savers could earn a decent rate of interest, the last Chair who demonstrated any meaningful political independence (clashing with
The always provocative Justin Raimondo, longtime editor of Antiwar.com , has a new column in Chronicles Magazine that asks a very simple question: Whatever happened to the libertarian movement? It’s a question worth asking, especially given the multifarious disagreements over what “libertarian” even means at this point. This may be the natural
An audio version of this article is available here. The spectacle of anti-gun marches this past weekend, at times both sinister and maudlin, provides yet another example that “democracy” does not yield some kind of livable compromise on any given issue. Instead it creates division and distrust, fed by a media environment that encourages using
The $85 billion mega-merger of AT&T with Time Warner appears headed for consummation, which will create another big digital media company with telecom underpinnings. But will this endless scramble for eyeballs and clicks, the quest to determine which platforms finicky content consumers will choose in coming years, actually create any value for
The mission of the Mises Institute, as presaged by Ludwig von Mises in his 1962 review of Murray Rothbard’s Man, Economy, and State: If we want to avoid the destruction of Western civilization and the relapse into primitive wretchedness, we must change the mentality of our fellow citizens. We must make them realize what they owe to the much
Jeff Deist joined the Tom Woods Show yesterday to discuss whether the term “Libertarian” is still useful. To quote Tom Woods, “ This one’s a doozy, my friends.” Listen here.
What should politically vanquished people do? Should they resist the political status quo no matter what, or accept it in the spirit of civil comity and bide their time for the next election? What if their political fortunes are waning, and they are ever less likely to prevail politically? What rights and powers do seemingly permanent political
Calls for civility in politics are nothing new, and the incident involving White House spokesman Sarah Sanders at a restaurant has yielded plenty of smoke but little heat from both phony sides of this non-debate/non-issue. I suppose we should be happy when property rights become part of the conversation. It’s healthy when our Left progressive
Let interest rates rise. Better yet, let interest rates function in the marketplace, wholly independent of central bank attempts at rate-setting or targeting. How? Not through a laughably small and slow process of Fed tapering, but through a wholesale and aggressive selloff of assets still polluting the Fed’s balance sheet since it began
Does neoliberalism , the tired slogan of our time, have a precise definition? The short answer is no, it doesn’t. At least not readily one readily at hand, if this New Republic article is any guide: For the left, neoliberalism often connotes a form of liberal politics that has embraced market-based solutions to social problems: the exchanges
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.