A Strange Liberty argues persuasively that the faith in democracy as a force for internal peace and dependable constitutional restraints has not worked. Instead, we are left with centralized tyrannies, highly disputable election results, ideologically driven media, and state educational systems that have made war on “traditional” values. The
Mere inflation—that is, the mere issuance of more money , with the consequence of higher wages and prices—may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not. —Henry Hazlitt, Economics in One Lesson Money is among the most important forms of technology. It solves the fundamental
Not that long ago, my grandparents explained to me why they never discussed politics, religion, or sex in mixed company. Politeness was their currency. And why antagonize people or create ill will over private matters? Fast-forward to 2023, and their advice seems needed more than ever. Today nothing is private; everything is political. And
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people? These are fundamental questions in an age of monetary hedonism. It is time we began to ask and
The value of time, i.e., time preference or the higher valuation of want-satisfaction in nearer periods of the future as against that in remoter periods, is an essential element in human action. It determines every choice and every action. There is no man for whom the difference between sooner and later does not count. The time element is
Introduction: Division, friction and polarization have been on the rise in the West for at least a decade, but the escalation we saw during the “covid years” was especially worrying. Over the last year, this “worry” has become a truly pressing concern, even a real emergency one might argue, as inflationary pressures and an actual war were added to
I am excited to tell you about a new book project from our brilliant Senior Fellow, Jörg Guido Hülsmann. I just finished the manuscript, and let me tell you: this is a remarkable work. That is why I’m writing you—as part of a select group of Mises Institute Supporters and fans of Dr. Hülsmann’s work. We know you will want to be listed in the book
“Governments create money all the time. We do that for war.” “This whole notion that you run government like you run a householdis a complete myth” Economist Prof Mariana Mazzucato tells #Newsnight Government’s should address social issues through tax https://t.co/P0zxS1DNGF pic.twitter.com/I6NLtXgDqN — BBC Newsnight (@BBCNewsnight) March 6, 2023
Jeff Deist: First of all, congratulations on your new book The Price of Time . It was fantastic. Edward Chancellor (EC): I’m glad you enjoyed it. JD: I ask all authors this question, especially authors of weighty books. Was it worth it, in terms of the opportunity cost in your own life? EC: Not financially [laughs]. I bet most of them say that.
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people? These are fundamental questions in an age of monetary hedonism. It is time we began to ask and
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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.