Out of false theories of employment, money, and interest, Keynes distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money. Moreover, Keynes offered no theory of stagnation at all. He merely gave a perfectly normal phenomenon, such as falling prices a bad name, so as to find another excuse for his
A state is a territorial monopolist of compulsion, an agency which may engage in continual, institutionalized property rights violations and the exploitation of private property owners through expropriation, taxation, and regulation. But how do states come into existence? There are two theories on the origin of states. One view is associated with
Old habits die hard. These should be the best of times for oil-rich Russia, with prices remaining above $50 per barrel. Instead, foreign investors are fleeing , and with them skills, technology, and capital. Amazing how that happens when the state seizes private property and puts businessmen in jail for supposed tax-evasion. Net capital outflow
From and to the Chronicle of Higher Education for a published article : Dear Professor Hoppe, here are some of the questions I’d like to pursue. 1) What do you think of the standard defined by the provost -- that you must “cease mischaracterizing opinion as objective fact in the educational environment”? I am tempted to reply to the provost’s
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.