Mises Search

After a recent article I wrote dealing with the Austrian Business Cycle Theory, I received the following e-mail:  You have knowledge of the Von Mises business cycle and can predict booms and busts. Go long on the booms and short on the busts and you’ll soon make a bundle. You must all be rich. If not, why not? If you are not all rich, why is that?

Read a typical news article, editorial, or even a history or economics text, and the “case” for regulation is posed in the following way: In their zeal for profits, business owners will cut corners when it comes to safety, which is even truer when their product falls into the categories of food and drugs. Capitalists, it is argued, are prone even

It was only a decade ago that the Clinton Administration had decided that Microsoft was an Enemy of the People and tried (mostly unsuccessfully) to litigate the company into oblivion. While the principals in that set of lawsuits have gone on to other things, the “anti-monopoly” propaganda machines are turning their sights elsewhere. It seems that