During the 1960s, when Keynesian economics came to truly dominate the economics profession, there was a large influx of these “new economists” into government. The disastrous results included the “keynesianisation” of the economy and what is best described as an economic depression lasted throughout the 1970s and into the early 1980s. Like the
Economists of an Austrian bent just can’t take off their analytical spectacles, even when undertaking simple life activities like driving from here to there. Fortunately, this unusual way of looking at events and institutions yields fascinating results, as with a recent commute that nicely illustrated the universal truth that governments cause
Unhinged 2.0 This article originally ran on Tuesday, February 17, 2009. It was near the low of the last stock-market cycle and the economy had endured a year of unprecedented government interventions. The Federal Reserve had made a series of bailouts, Detroit had been bailed out, and we had the various stimulus programs. These measures were sure
[ Scroogenomics: Why You Shouldn’t Buy Presents for the Holidays • By Joel Waldfogel • Princeton University Press, 2009 • 186 pages] This little book could have been a great Christmas gift for many of your friends and relatives. It has some neat information about Christmas, and I share the author’s sense that the Christian holiday has been overly
[An MP3 audio file of this article, read by the author, is available for download .] “In his first thirty days, he did more to bring liberty to Americans than any president since Thomas Jefferson repealed the Alien and Sedition Acts.” All presidents worry about their popularity. They try to bolster it through impassioned rhetoric, free stuff for
[ Watch the interview with Mark Thornton on Prop. 19. An MP3 audio file of this article, narrated by the author, is available for download .] Proposition 19 in California would have legalized marijuana, but it fell short. Victory seemed almost a foregone conclusion for many; after all, it is California. For millions, both in California and
Durante los 1960, cuando la economía keynesiana llegó a dominar realmente la profesión económica, hubo una gran afluencia de estos «nuevos economistas» al gobierno. Los desastrosos resultados incluyeron la «keynesianización» de la economía y lo que se describe mejor como una depresión económica que duró todos los 1970 y principios de los 1980. Al
[ Scroogenomics: Why You Shouldn’t Buy Presents for the Holidays • Por Joel Waldfogel • Princeton University Press, 2009 • 186 páginas] Este pequeño libro podría haber sido un gran regalo de Navidad para muchos de sus amigos y familiares. Tiene una información muy clara sobre la Navidad, y comparto el sentido del autor de que el día festivo
A todos los presidentes les preocupa su popularidad. Tratan de mejorarla con una oratoria apasionada, cosas gratis para los bloques de votantes influyentes, nuevos programas que cuestan miles de millones, fotografías impactantes y por supuesto guerras para unir al país detrás de su valiente líder. En la mayoría de los casos, eligen medios de ganar
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.