As I expressed in my piece “ For Civilization, It Is Mises Or Bust ,” it seems that central banks, and the interventionist state in general, are inducing the squandering of capital at a rate that may prove fatal to civilization. We are plummeting fast into what Ludwig von Mises called the “Crisis of Interventionism” , and the only way out of it is
Daniel Muffinburg couldn’t find something, so he asked his friend Zach the Lizard for help. (No this article isn’t a children’s story; Daniel and Zach are the usernames of two Mises Community members.) What Daniel couldn’t find was the phrase, “ Tu ne cede malis sed contra audentior ito ,” the motto of Ludwig von Mises and the Mises Institute, in
Lew Rockwell wrote: Thanks to Bud Bronstein for this piece by Kate Zernike from the NY Times , “Movement of the Moment Looks to Long-Ago Texts.” Catch the ideological presentism. Instead of just reading the latest approved tomes and today’s issue of the Times, people are learning from “obscure” old books by dead people. The Tea Party “has
In the Paul Krugman column which Israel Curtis posted about yesterday, our generation’s second coming of Keynes shows just how thoroughly he embraces what Ludwig von Mises called the “ Inflationist View of History ” by espousing the ridiculous notion that the late 19th century, a time of unprecedented economic growth, was dominated by a “Long
A mere ten days ago, public awareness of Hayek’s classic, The Road to Serfdom , exploded . The Mises Academy, with the reflexes and nimbleness that you’ll only find with an online, consumer-driven university, has turned on a dime to seize the moment. In the weeks that follow, thousands of conservatives will be receiving a moving and powerful
From the Dirty Dancing Wikipedia article Later, Baby discovers that Johnny’s dance partner Penny Johnson ( Cynthia Rhodes ) is distraught over being pregnant by Robbie Gould ( Max Cantor ), the womanizing waiter who is dating and cheating on Lisa, Baby’s sister. Baby learns that Robbie plans to do nothing about the pregnancy as he says “Some
Apple recently passed up Microsoft in market capitalization to become the world’s most valuable technology company. Check out this nice New York Times chart , which tracks the two companies’ market caps since 1990. Cursor over the little “i” flags to see company-history
Apparently Bernanke is not able to rule the Federal Reserve System with as tight of an iron fist as Greenspan did. Some soundness of thought is creeping in between his fingers. From the New York Times : A lone dissenter on the Federal Reserve’s policy-making committee warned Friday that the central bank’s monetary strategy could backfire and touch
In Theory and History , Chapter 11 , Mises discusses the two kinds of causation resorted to by man. First he declares: “The natural sciences do not know anything about final causes;” “Final cause” is Aristotelean terminology for a purpose or end; or as Aristotle put it, “that for the sake of which a thing is done”. Mises goes on: “inquiry and
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.