Hans-Hermann Hoppe, despite retiring about fifteen years ago and only publishing lightly since, has an (un)enviable characteristic: he still manages to provoke his opponents to violent and rather silly outbursts from time to time. The most recent round of pearl clutching emanated from the otherwise sound Phillip Magness ( via Twitter ), who seems
Abstract: Austrian economists have debated issues of monetary theory and inflation extensively, but there is still no agreement on the definition of inflation. Mises (1953, 240) defined inflation as an increase in the supply of money not offset by an increase in the demand for money, leading to a fall in the purchasing power of money (PPM).
Donald Trump has not had an easy, straight-forward relation with the Federal Reserve. He has both claimed to be a low-interest rate person and accused the Fed of keeping interest rates too low for political reasons. He has also expressed regret at appointing Jerome Powell and the White House has even explored the possibility of firing or demoting
Joakim Book has recently published an essay at AIER arguing that Rothbard was wrong to change his mind about free banking in Scotland. Rothbard had originally praised the episode of Scottish free banking in his 1983 book The Mystery of Banking , but then changed his mind in a 1988 essay on The Myth of Free Banking in Scotland . While the topic has
Ludwig von Mises was called several names and epithets in his life, by his admirers and enemies alike. His friends and colleagues dubbed him the “Last Knight of Liberalism,” while his critics called him intransigent, fanatic, and even less flattering epithets. Just recently I came across another nickname the great Austrian had in the 1920s and
The recent blowup of GameStop shares has revealed, if anyone was still doubting, that the center of clown world is not Washington, DC, nor Silicon Valley—but Wall Street. To be clear, this is not meant to refer to the gallant band of redditors from r/wallstreetbets—those few, those happy few, that band of brothers who, as of this writing, may very
Hans-Hermann Hoppe, a pesar de haberse retirado hace unos quince años y de haber publicado poco desde entonces, tiene una característica (in)envidiable: de vez en cuando se las arregla para provocar a sus oponentes con arrebatos violentos y bastante tontos. La ronda más reciente de ataques de perlas provino del, por lo demás, sensato Phillip
Resumen: Los economistas austriacos han debatido ampliamente las cuestiones de la teoría monetaria y la inflación, pero todavía no hay acuerdo sobre la definición de inflación. Mises (1953, 240) definió la inflación como un aumento de la oferta de dinero no compensado por un aumento de la demanda de dinero, que conduce a una caída del poder
Donald Trump no ha tenido una relación fácil y directa con la Reserva Federal. El ha afirmado ser una persona con tipos de interés bajas y acusó a la Reserva Federal de mantener los tipos de interés demasiado bajas por razones políticas. También ha expresado su pesar por el nombramiento de Jerome Powell y la Casa Blanca incluso ha explorado la
Joakim Book ha publicado recientemente un ensayo en AIER argumentando que Rothbard se equivocó al cambiar de opinión sobre la banca libre en Escocia. Rothbard había elogiado originalmente el episodio de la banca libre escocesa en su libro de 1983 El Misterio de la banca , pero luego cambió de opinión en un ensayo de 1988 sobre El mito de la banca
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.