Interviewed by Solidus.Center founder Seth Mason, Mark Thornton and Walter Block discuss the history of the Fed, how it harms the average American, and how the monetary system would function if it were
Mises Daily Monday by Matt Battaglioli: Many look to socialize health care as a way to reduce costs, but the only way to increase supply and reduce costs is for government to stop subsidizing health care while limiting its
For as long as every living economist has been plying their trade, a single historical episode has been taken as an experimentum crucis . Latin for “crucial experiment”, it is what Isaac Newton used to call an observed outcome significant enough, by itself, of determining the validity of a theory. The event serving this function in present-day
Volume 17, No. 4 (Winter 2014) KEYWORDS: monetary policy, Mariana, Jefferson, Cervantes, Don Quixote, Austrian School, School of Salamanca, Philip II, Philip III, libertarianism, liberty, slavery, regicide, billon coins, Constitutionalism, Aragon, Euclid, Ron Paul, Paul Krugman JEL CLASSIFICATION: B1, B2, B3, N1, N4 What will I say about our own
Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes. The current economic malaise in the United States and Europe has brought forth a bevy of commentators convinced that this time the economy has taken a permanent turn for the worse. Never again, they declare, will we enjoy growing prosperity as we did
As election season ramps up, many people are falling into political camps and assuming that their candidate will be wholly different from either the current administration or the contenders in the other camp. But for the past eighty years, United States presidents have been remarkably similar once in office. Most presidents, whatever their
Earlier today I was looking through some old records, and I came across a flyer for a symposium in which I participated at Seattle University early in 1990. The flyer announced the symposium topic by asking: “A $3 Trillion National Debt: Does It Matter? What Can We Do About It?” The topic seemed timely enough, given that the gross federal debt had
Many economists and other analysts have recognized that the recovery from the U.S. economy’s most recent contraction has been unusually weak—weaker, for example, than any other since World War II. But analysts have disagreed in characterizing the current recovery, which according to the National Bureau of Economic Research, the semi-official
When an investor buys an annuity or another retirement product from an insurance or mutual fund company, the contract is constant and enforceable through the United States court system. When a United States taxpayer is forced to pay for a government backed retirement system such as the Old-Age, Survivors, and Disability Insurance program (OASDI) —
At our Dallas-Ft. Worth Mises Circle , we discussed the dangers of authoritarian PC culture and the infantilization of American universities . This past week, this issue was driven to the forefront of national conversation. Cheered on by their absurdly leftist professors , we have watched a movement sparked by claims of racial intolerance devolve
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.