Seventy-odd years ago, Patrick Barrington penned a humorous debunking of Keynesian mythology (presumably while the General Theory was still being given its final polish). Today, at the tail end of one of the most spectacular and widespread credit expansions ever experienced, attitudes are a little different, though human fallibilities remain the
In a recent press briefing given by him and his colleagues, the Deputy MD of the mission-starved IMF was positively drooling over the prospect that the next round of Climate-camouflaged tax transfers from the pockets of the developed world’s citizens will trigger a veritable host of ‘adjustment’ problems and hence offer this institutional dinosaur
With UN chief panjandrum Ban-ki (Barking at the) Moon threatening members of his audience with the prospect of ‘oblivion’ if they did not willingly place the noose of forced CO2 reductions around their necks, voices of opposition are being raised, if not, thanks to the Green Salemites , in Bali itself. Open Letter to the Secretary-General of the
As Northern Hemisphere snow cover exceeds the 10-year seasonal average , another backlash against the Carbocollectivists’ claims of consensus has been compiled, featuring more than 400 scientists , not all of whom, surely, can be secretly working for
With regards to the great Irish songwriter Percy French for his comic ditty (tune here) which originally concerned the conflict between the Tsar and the Ottomans - and familiar to all true rugby fans in a decidedly more ribald version - a little seasonal levity regarding the state of financial markets and the very Austrian lessons to be drawn from
For a wholly unabashed defence of full-blown Collectivism, the speech reproduced under the title ‘Modern Governments Must’ in American Affairs takes some beating, incorporating, as it does, every Keynesian fallacy and ‘fatal conceit’ you could imagine, including the chilling assertion that: Modern governments, including our own, have long since
Sorry to revisit the same topic so shortly, but in that same AA edition cited in my previous post, I simply cannot praise Garrett’s piece, entitled ‘Mythologies of Reconversion’, enough. This is not just a witheringly effective dismissal of the central planner’s and inflationist’s folies de grandeur , but one of the most evocative treatments you
In their eagerness to keep the pot boiling somehow, somewhere, many financial pundits are spinning the line that Emerging Markets now offer a form of ‘safe haven’ from the problems affecting Western credit markets — an angle that finds an immediate resonance with the many who have been seduced by the sheer magnitude of the numbers involved in any
For those who like their environmental gloom’n’doom spread with a thick dollop of Utopian totalitarianism and garnished with a slice of Galtonian pseudo-science, the Association for the Study of Peak Oil & Gas holds its sixth annual conference in Ireland this coming week. Present will be the usual motley of silk-suited Carbohypocrites — each
15 years ago Thomas DiLorenzo penned a concise piece detailing severals reasons and examples as to why socialism was not only unable to prevent pollution, but how it is the prime culprit in many cases. The latest edition of the Top 10 “ World’s Worst Polluted Places “ was released this past week. And unsurprisingly all ten are in regions of the
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.