The New York Times Magazine has a thoughtful article examining some of the current debate around copyright, and how it is now being increasingly used to prevent embarrasing or controversial views from being
Richard Benson provides some advice to foreign governments faced with the choice of allowing their currency to rise against the dollar or importing our inflation: Responsible central banks that want to help the United States establish responsible budget, trade and interest rate policies, should “buy gold not dollars” to make their currencies “look
John Embry, quoted in the Toronto Star , on the current monetary environment: “It’s a shocking monetary debasement,” the veteran fund manager says. “They’re just pouring money into the world. They’re printing money so the debt load doesn’t fall on their heads.” He pauses a moment, his voice growing hoarse, then adds darkly: “This will be reflected
Bloomberg reports on a bailout of the banking system in China. According to the article, they used 1/10th of their foreign exchange reserves to “boost the capital adequacy” of their two largest banks. “Boosting capital adequacy” is a euphemism for bailing the bankers out for bad loans under the fraudulent system of fractional reserve banking
Some vocal supply-siders ludicrously claimed that the Fed was not inflating fast enough during the 90s, citing the depressed price of gold as proof. This is because they are unable to see financial asset inflation - the oceans of money that the Fed was pumping out was going into the stock market, the bond market, and real estate. Gold itself
Mogambo Guru is an Austrian Economist who writes the weekly Mogambo Guru , “an avocational exercise the better to heap disrespect on those who desperately deserve it”, and which frequently cites Mises Institute writers. This week, Mogambo manages to make some very serious observations into a hilarious commentary about the buildup of debt, the
Marc Faber is an investor trained as an economist, who has written one of the more interesting financial books in the last year . The book cites the Austrian school, but I believe he mis-interprets the Austrian business cycle theory as an over-investment theory, while it is in reality mal-invesmtent theory. The book is one of the more wide-ranging
Several commentators have written about how the government manipulates various index numbers to produce better-looking results. Inflation is the most indirect means of government financing; as such governments have a vested interest in making it appear to be lower than it is. The CPI now is subject to a number of “refinements”: food and energy are
Austrian economist Hans Sennholz servys the inflation/deflation controversy and forecasts that we are headed for stagflation, an inflationary period of economic stagnation: Deflationists observing booms and depressions correctly recognize and analyze the harmful policies of national treasuries and central banks. They perceive the cyclical
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.