“STIMULUS”, AKA ECONOMIC CRANK slang, noun. “Stimulus” is slang for a sordid economic nostrum administered on the advice of bankers and academics, many of them carrying the title of “Dr.”. But don’t mistake these “Doctors” for devotees of the Hippocratic Oath. “Stimulus” or economic crank, like any other economic panacea, is a fake cure that gives
Control-freak politicians abhor gold because it ignores them; it won’t do what it’s told. It defies economists and laughs at central bankers. The Telegraph on why the establishment hates gold
While Austrians often trace out the effects that the issuance of unbacked currency has on the structure of production (the so-called Austrian Business Cycle Theory ), there is also an effect upon individual households and the social mor e s surrounding the use of credit. My favorite personal finance author, Dave Ramsey, writes on his website :
Una réplica común al programa de laissez-faire es que los fallos del mercado requieren la intervención del gobierno. ¿Qué significa el fallo de mercado y cómo pueden evaluarse tales demandas a favor o en contra de él? Una definición bien aceptada de fallo de mercado es «un caso en el que el mercado no consigue proporcionar o asignar eficientemente
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.