Having got back from the Mises Circle event in Houston just a couple of hours ago, I give you my brief report. I’d guess the crowd was around 150 strong. The atmosphere was great, and the food was yummy. Lew spoke on 5 paradigms or justifications for government. Very nice. I recommend listening to the MP3 once it’s posted. In the Q&A that
Davd Gelernter’s post confuses me. I think it is because he is confused. He says “capitalism strikes me as the spoiled brat of the political and philosophical universe... Everyone knows about capitalism’s successes; we need to spare a little attention for its failures too.” And what is an example of the failure of capitalism? Why, the highly
While I have not read Hidden Order by David Friedman, he offers up this selection today on hawk-dove equilibria. I regard it as an error for such analysis to be silent on internal motives for behavior. In particular, lots of people wish to be virtuous, and work at it; and lots of people struggle against their vices. A great number of people are
On p.557 of Steven Landburg’s Price Theory and Applications (6th international edition), I find this: It is widely believed that Treasury bills carry essentially no default risk and that the U.S. Treasury has never defaulted on its obligations. This is untrue. For example, the Treasury defaulted on bill #GS7-2-179-46-6606-1. In order to purchase a
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.