The EPA has recently begun flexing its muscle and further interfering with the market economy. Under the auspices of a still-developing policy on environmental justice, the EPA has assumed power to determine what industrial plants and waste sites can be built where, and even the number of workers at a plant. The EPA maintains that a
The Clinton administration and its friends are using global financial problems to push an antiquated agenda. These unreconstructed Keynesians are calling for a “Global New Deal,” ostensibly to put an end, once and for all, to the business cycle. President Clinton championed this view in a speech before a joint meeting of the World Bank and IMF. He
The field in economics called Industrial Organization is the very foundation of antitrust activity by government. And if you thought antitrust action was little more than one business using government to smash its competitors, The Economist (May 2, 1998) is here to correct you. According to this publication, it’s true that antitrust investigators
In the 19th century, the legal profession was open. There were no mandates on the kind or duration of education a person had to have. No law restricted anyone from offering his services. The only complaints were from lawyers who wanted to force “higher standards” upon the market. Today, the law profession is closed off to all but those who can
“We have progressively abandoned the freedom in economic affairs without which personal and political freedom has never existed in the past.” (F.A. Hayek, The Road to Serfdom ). Economic thinking today is divided into many schools of thought, such as the following : the Keynesians, the Post- Keynesians, the Rational Expectations School, the
Submitted to the Wall Street Journal October 14, 1998 To the Editor: What is missing in the debate between proponents of a fixed-exchange-rate regime, such as the editors of the Wall Street Journal (”Reforming the World,” 7 October), and proponents of a floating-exchange-rate system, like Milton Friedman (”Markets to the Rescue,” 13 October), is
The failure of a major hedge fund, in concert with the lingering shrinkage of Asian markets and the further slide of Russians into corruption and chaos, is ripe for the symbolic pickings. The anti-capitalist crowd, the people who never respected the market, has found their whipping boy. After spending the last two decades downtrodden by the
The Free Market 16, no. 4 (April 1998) Medical researchers are often so convinced of the overriding social importance of their work that they won’t let something as petty as market valuations get in the way of their agenda. That’s why they haven’t missed many opportunities at securing tax-funded grants and subsidies, and they’re about to score
The Free Market 16, no. 5 (May 1998) For years I received the Publisher’s Clearing House Sweepstakes mailing and just tossed it. No way would I waste my time for what amounts to a minuscule chance to win a bundle of dough. Sure, some folks win, but they are extremely few. The gimmicks were too obvious. (”When you win, do you want a red, green,
The Free Market 16, no. 6 (June 1998) I was one of only two non-socialists who managed to gain an invitation to Hillary Clinton’s “White House Conference on Child Care.” As I entered The Presidential Palace, it was like entering a carnival house-of-mirrors, a place where all was not as it seems, where reality grows distorted in grotesque ways.
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.