There’s a new trend among famous economists, from Krugman to Cowen . It was started by Adam Ozimek with a simple question: “Has a single economics study changed your mind on an important issue?” Economics as a field of study has been branded “too ideological” with warring camps defending dogmatic fortresses as opposed to unbiased, independent
In a previous post , I asked whether Rothbard had been an uncited source in an article on the Panic of 1819 at the NY Fed’s blog. Apparently it received enough traffic to get the attention of the authors, who have since updated their article with a note: Authors’ Update: Murray Rothbard’s The Panic of 1819: Reactions and Policies was an
The perennial promises of free stuff from political candidates are front and center again now that we are ensnared in another US election cycle. The knee-jerk response from some economists and libertarians is “TANSTAAFL!” And of course it’s true that There Ain’t No Such Thing As A Free Lunch, because somebody must bear the costs of the supposedly
Bernie Sanders received some hefty backlash and ridicule on Twitter for this tweet: The blogosphere responded similarly, but with more informed criticism. Megan McArdle and Steven Horwitz , for example, had great points. Many of the responses correctly pointed out that loans like mortgages and auto loans have collateral—if the borrower can’t pay
The Experiment JetBlue has released a video of a social experiment they conducted mid-flight with 150 passengers . A JetBlue spokesman went on the plane’s intercom to announce that everybody on the plane had won a free round-trip flight to anywhere in the world on one condition: the passengers must unanimously decide on one single destination for
The New York Fed publishes a series called “Crisis Chronicles”, and a particular episode on the Panic of 1819 bears striking resemblance to Murray Rothbard’s book, The Panic of 1819: Reactions and Policies . The authors, James Narron, David Skeie, and Don Morgan, seem to paraphrase Rothbard, but do not cite him. They must have known about
Inferno is a great thriller, featuring Tom Hanks reprising his role as Professor Robert Langdon. The previous movie adaptations of Dan Brown’s books ( Angels and Demons and The Da Vinci Code ) were a success, and I expect Inferno will do well in theaters, too. Langdon is a professor of symbology whose puzzle solving skills and knowledge of history
En marzo de este año, el gobierno del estado de Carolina del Norte aprobó legislación con al menos dos componentes polémicos. La ley obliga a que la gente use los baños de acuerdo con lo que diga su certificado de nacimiento con respecto al sexo y elimina las protecciones legales contra la discriminación por orientación sexual en las firmas
Inferno es una gran película de suspenso, que protagoniza Tom Hanks repitiendo su papel como el profesor Robert Langdon. Las anteriores adaptaciones al cine de los libros de Dan Brown ( Ángeles y demonios y El código Da Vinci ) fueron un éxito y creo que también Inferno funcionará bien en los cines. Langdon es un profesor de simbología cuyas
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.