Bob shares an interview he did on C. Jay Engel’s podcast, Austro-Libertarian , where they discussed Doug Henwood’s critique of MMT that ran in the socialist publication, Jacobin magazine . Henwood’s article was an excellent summary of the academic roots of MMT, and thus supplements the pragmatic discussions (from the perspective of Warren Mosler)
It is becoming increasingly fashionable to agitate against the very existence of billionaires. Recently, for instance, Business Insider summarized a statement of Congresswoman Alexandria Ocasio-Cortez as follows: “[she] said a society that “allows billionaires to exist” while some Americans live in abject poverty is “immoral.” Echoing this
In our time of rising socialistic rhetoric and indignation against those who have great levels of wealth, we also encounter the idea that the use of wealth for charitable purposes is better for society, perhaps even more moral, than the use of wealth for business development and capital investment. Few interpretations of social affairs are as
In a recent editorial at Jacobin magazine, it is argued that a “planned economy can actually work.” They start with something I have written about at least a dozen times recently: the definition of socialism. Let me not mince words: our ability to argue against the rising left’s socialism is going to depend on what exactly is being argued. If
What is most exciting about the Austrian methodology of economic inquiry is that, to quote Mises himself, it does not relegate economics to the classrooms, to the “statistical offices,” and to “esoteric circles.” It instead offers to all who seek such knowledge, a body of insights as to how men relate to other men and how society itself developed
The thesis here is that libertarianism as a political theory only carries the veneer of importance and centrality due to the strength and power of the democratic, administrative state in our time. Everywhere we look, we see the influence and effect of the state as an apparatus that guides and oversees the machinations of modern civilization. We
The Socialist Manifesto By Bhaskar Sunkara Publisher: Basic Books, April 2019 In seeking to understand and encapsulate the motivation for socialism’s return to the limelight over the previous decade, George Reisman’s particular focus on the failure of economic interventionism as a system is quite useful ( Piketty’s Capital: Wrong Theory,
Cada vez está más de moda agitar contra la existencia misma de multimillonarios. Recientemente, por ejemplo, Business Insider resumió una declaración de la congresista Alexandria Ocasio-Cortez de la siguiente manera: «[ella] dijo que una sociedad que “permite que existan multimillonarios” mientras que algunos estadounidenses viven en la pobreza
En nuestro momento de aumento de retórica socialista e indignación contra aquellos que tienen grandes niveles de riqueza, también nos encontramos con la idea de que el uso de la riqueza con fines caritativos es mejor para la sociedad, quizás incluso más moral, que el uso de la riqueza para el desarrollo empresarial y la inversión de capital. Pocas
En la reciente editorial de la revista Jacobin , se argumenta que una «economía planificada puede funcionar». Comienzan con algo sobre lo que he escrito al menos una docena de veces recientemente: la definición de socialismo. Permítame no molestar las palabras: nuestra capacidad para argumentar en contra del socialismo de la izquierda en ascenso
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.