From Hammer of Truth : Tom Woods begins Rollback by asking “is it already too late?” Before giving a lengthy answer, he points to recent polls that suggests most Americans claim to not trust the federal government; though much like a teenager that insists his parents are clueless – still looks their way for a solution. In answering the question
“The Nobel Prize-winning Austrian economist Friedrich Hayek’s arguments for free-market capitalism and against socialism and central planning made him a popular figure in 1940s America — and again today.” You can’t hear the audio for this story until 9 AM ET, but you can read it here
“MF Global’s Fractional Reserves” by Doug French Free bankers are always insisting that fractional-reserve banking is A-OK, as long as bankers inform depositors up front that the bank will be using their customers’ money to make loans and investments. That is exactly the case with MF Global, currently undergoing the eighth largest bankruptcy in
Anyone remember Red Dawn , the 1984 teenage saga of a communist invasion of the United States? Apparently, we can look forward to a remake in early 2012 . (But because Mises was right and the Soviets destroyed their economy a while back, the remake has the Chinese as the new Red Menace.) Meanwhile, Robert Wenzel at EconomicPolicyJournal.com
[ David Beckworth offers this reply to Robert Murphy : ] Robert Murphy recently questioned my claim made in a National Review article that there is a conservative case for QE2. He finds my premises and conclusion wanting. Unfortunately, in his analysis Mr. Murphy misses and mischaracterizes some important points I made about QE2. His article,
Can we even count the number of confusions and falsehoods in Brad Cotton’s editorial for the Circleville Herald ? Here’s they key passage: The Austrian/Chicago economic academic model as taught by Mises, Hayek and Friedman and implemented among us by Reagan, Greenspan, Bush and Geithner, even Clinton and Obama, and perpetuated by gazillions of
According to RichardMaybury.com , Ron Paul writes, “I look forward to reading every issue of your Early Warning Report .” The connection makes sense. One of the report’s subscribers informs us that, in the June edition, Maybury praises Lessons for the Young Economist (”You will find it mentioned on page 5 and again on page 8.”) and recommends to
In the latest edition of Radio Free Market World Report, Mises Daily author Andy Duncan talks to Mises Daily author Roman Skaskiw about the global secession movement and particularly how this applies to the United States and the European Union. Based largely on Roman’s recent daily, “Is the United States Too Big to Succeed? “ they examine why the
Andy Duncan (see Mises Daily archive ) writes, This is my own photo of the hilarious thirty- foot blue plastic statue of the EURO symbol, mentioned in the interview , taken when I strolled through the Willy Brandt plaza, in downtown frankfurt one morning. I hope to be there again on the day this ridiculous emblem of socialism is pulled down by
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.