Interviewed by WHUS in Connecticut : Dr. Mark Thornton discusses what skyscrapers mean for the global economy, what causes and exacerbates business cycles, what the current economic landscape looks like, why people just aren’t saving money, and what the role and function of interest rates are. Interest rates are a price which convey information,
John P. Cochran, Senior Fellow at the Mises Institute, expert on the Fed and monetary policy, and co-author (with Fred Glahe) of The Hayek-Keynes Debate: Lessons for Current Business Cycle Research , (reviewed in QJAE here ) passed away last week. He was 69. John was emeritus dean of the Business School and emeritus professor of economics at
Mark Thornton discusses Ted Cruz’s new tax proposal, flat taxes, and proportional taxes on Newsmax TV. Thornton examines the economic distortions caused by taxation, as well as the stated rationales and downsides of the many gimmicky new tax proposals that have arisen in recent
The Baltimore police now imply Freddie Gray’s arrest was necessary because he was carrying an illegal knife. But why are taxpayers paying the government to arrest people for carrying knives? What about the right to own and bear knives? The defense offered by the now-indicted police officers in the Freddie Gray case will likely at least touch on
The US government has approved several firms’ plans for ferrying cargo between Florida and Cuba. Why haven’t people been ferrying goods to Cuba until now? Because any entrepreneur seeking to do such a thing faced heavy fines and even imprisonment under US federal law. The acceleration of trade between Cubans and Americans represents and expansion
Alan Reynolds writes at Investors Business Daily : I have long been baffled by the Quixotic efforts of such prominent economists Paul Krugman and Joe Stiglitz to blame economic stagnation in the eurozone on insufficient government spending. Government spending in the euro countries rose from 45.3% of GDP in 2007 to 49.5% in 2013, according to
Today is the 116th anniversary of Hayek’s birthday. Peter Klein summarizes his contributions in under 4 minutes here . Also, it’s 20% off all Hayek books and memorabilia in the Mises store. Many remember Hayek for his non-economic writings, but the core of Hayek’s economics contributions has been related to business cycles, prices, and the
Economist Mark Hendrickson has written an accessible short book that examines some of the biggest flaws found in Thomas Piketty’s Capital in the Twenty-First Century . Hendrickson sums up the basics here: Assessing Thomas Piketty’s Capital in the Twenty-First Century . by Mark Hendrickson French economist Thomas Piketty’s Capital in the
With the victory of the Conservatives in last week’s British election, the future of both the European Union and the United Kingdom looks more doubtful . Newly re-elected Conservative Prime Minister David Cameron, in order to please anti-EU constituents who were essential to his re-election, promised a referendum on EU membership by 2017, although
Mark Thornton speaks with Albert Lu about the recent violence in Ferguson and Baltimore and what can be done. Dr. Thornton discusses this in his most recent article, found here
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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.