Today, in the world of financial celebrity, anyone who is anyone is a billionaire. By the same token, millions upon millions of people are or soon will be mere, everyday millionaires in the United States. Millionaires are on the way to becoming a dime a dozen. Similarly, new cars cost what new homes did only a few decades ago. Men’s neckties often
A credit crisis has been spreading through the economic system. It began with the collapse of the housing bubble, which was the result of years of Federal Reserve–sponsored credit expansion. This credit expansion poured hundreds of billions of dollars into the purchase of homes largely by subprime borrowers who never had a realistic capability of
David Frum — former Bush speechwriter, ambitious author , American Public Radio commentator, and all-around guru — has been lecturing Ron Paul supporters about the gold standard. After three such lectures (a National Review Online blog post , an NPR commentary , and finally a National Post article ) I decided to throw my hat in the ring and defend
With prices at the pump in the $4-per-gallon range, people are starting to think twice about taking those unnecessary trips. And it’s likely to get worse. “As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or a major oil supply disruption could lead to $150 — $200 a
The writing side of the Liberty Watch crew recently convened for dinner and, of course, politics was the conversation of choice. Ron Paul supporters dominated the table. In fact, the expectant father is lobbying at home to name his newest after Ron. However his wife, the UNLV professor with child, announced that she is a John Edwards fan, and she
Introduction The Political Climate for Reform The Mises Proposal The First Step: Gold Coinage The Transition to a Gold Standard Longer-Term Benefits of Bullion-Weight Coinage Agenda for Monetary Reform Notes [This paper was originally delivered at the Mises Institute’s 1985 conference on the gold standard. It later appeared as the final chapter in
Two weeks ago marked the 60th anniversary of a prescient essay ( pdf ) promoting gold as redeemable money. It was written by Howard Buffett, father of the famed investor, Warren. Several years ago Joseph Stromberg wrote an interesting biography about Howard, a four-term congressman of the Old Right. While many libertarians laud him for his defense
Concebí originalmente este discurso (un alegato por la abolición del banco central) como una actualización aplicada de mi conferencia de 1995 en la Fundación Heritage sobre « Por qué importa la economía austriaca ». Porque muchas de las ideas políticas sugeridas dentro del marco austriaco pueden resumirse bajo la necesidad de abolir el banco
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.