Fed chairman Alan Greenspan says the government may not be able to make all the Social Security and Medicare payments it has long promised the baby-boomers: “If we have promised more than our economy has the ability to deliver to retirees without unduly diminishing real income gains of workers, as I fear we may have, we must recalibrate our
It was great to read the lost (and found) essay by Rothbard on the libertarian origins of the American Revolution , particulary his comments on Algernon Sidney: To Sidney, revolution and freedom were closely linked. Whenever people’s liberties were threatened or invaded, they had the right, nay the duty, to rebel. Everyone might legitimately slay
September 27 marks the 1722 birth of a Patriot known by the present generation primarily as a brewer of beer. But Samuel Adams was a central actor in the American Revolution, as illustrated by John Adams’ 1778 visit to Paris, during which Parisians were disappointed that he was not “the famous Adams.” Samuel Adams helped organize the Committees of
Many newspapers I read in February published articles in honor of Black History Month. In contrast to those who now so stridently advocate more government (i.e., more coercion) as the “solution” to social problems facing blacks, one article about George Washington Carver stood out to me as a sharp contrast. His creative scientific efforts
On April 21, the Supreme Court heard arguments in U.S. Department of Transportation v. Public Citizen (yes, that’s Nader’s group). Its ruling is expected in June, and it could eliminate the last legal barrier against giving Mexican trucks full access to American highways, by overturning a ruling from the 9th Circuit Court of Appeals in California.
For two years, we have been innudated with denunciations of “corporate greed” that has supposedly created scandal and led to prosecutions of CEOs. The greed of the fatcats is nicely contrasted with the “need” of the middle class and the poor. And so with these two little words we recreate a Marxian-style drama of class conflict based on human
At Thanksgiving, Americans reflect on their blessings and hope for uplifting family gatherings of togetherness and unity, with the Pilgrims used as examples of peace, harmony, and thankfulness. However, while the Pilgrims’ 1623 “way of thanksgiving” represents what we wish to infuse in Thanksgiving, Plymouth Colony before 1623 was closer to a
En el Día de acción de gracias, los estadounidenses reflexionan sobre sus bendiciones y esperanza para elevar las reuniones familiares de unión y unidad, con los Peregrinos como ejemplos de paz, armonía y agradecimiento. Sin embargo, mientras que el «camino de acción de gracias» de los Peregrinos de 1623 representa lo que deseamos infundir en el
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.