The tech-stock sector is a wasteland today, only a year after appearing invulnerable. There are economic lessons here that point to the folly of unsustainable, credit-fueled booms. But others want to draw moral lessons as well, as if the hand of justice is smiting all those cocky dot-com millionaires to show them that their good fortune was at
For those who follow the zeitgeist — and the Nobel Prize committee seems always in the position of following rather than leading — the 2007 Peace Prize was no surprise. It went to one of the least-criticized men on the planet: Professor Muhammed Yunus and his Grameen Bank of Bangladesh. Everyone left, right, and center appear to love him. His
You are uptown in a shopping district of a small community, and you pass by the meat shop, the wine shop, the coffee shop, two churches side by side, a coin shop, an antique store and hold it right there. A coin shop? This is irresistible, because, as implausible as this may sound, all political truth can be found in a coin shop. And not just
To answer a reader question, I revisited Rothbard’s transition plan for 100% gold. This is cut and pasted from the Mystery of Banking (Richardson and Synder, 1983), pp. 265-267. Even though, for the past few years, private American citizens have once again been allowed to own gold, the gold stolen from them in 1933 is still locked away in Fort
Para aquellos que siguen el espíritu de la época —y el comité del Premio Nobel parece estar siempre en la posición de seguir en lugar de liderar— el Premio de la Paz de 2007 no fue una sorpresa. Fue para uno de los hombres menos criticados del planeta: El profesor Muhammed Yunus y su Banco Grameen de Bangladesh. Todo el mundo a la izquierda, a la
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.