As I mention in today’s Daily , one of the really exciting developments in the continued growth of the Austrian school is what is going on in Brazil. In one his last works, Theory and History , Mises wrote: Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in
Wired reports that the Securities and Exchange Commission (SEC) has approved a plan for Overstock.com to issue company stock using blockchain technology. As Cade Metz notes, this represents “a significant shift in the way financial securities will be distributed and traded in the years to come.” This decision is a major victory for Overstock
With the excitement surrounding yesterday’s release of J.J. Abram’s new Star Wars trailer , it is worth taking a look back to one of the best pieces of economic satire since Frédéric Bastiat’s famed Candlemakers’ Petition . I speak, of course, of ZeroHedge’s “ A Modest Proposal To Boost US GDP By $852 Quadrillion: Build The Imperial Death Star .”
A paper written by Zachary Feinstein discussing the economic consequences of blowing up the Death Star has been making the rounds on social media. While I’m a fan of using Star Wars to teach economics , Feinstein makes a very basic economic mistake in his focus on the Death Star’s destruction. The paper actually starts out strong. Feinstein notes
“There are several steps that Congress should take right away. To begin with, Congress should act to make sure no one on a no-fly list is able to buy a gun. What could possibly be the argument for allowing a terrorist suspect to buy a semiautomatic weapon? This is a matter of national security.” – President Barack Obama On Sunday, President Barack
Cultural Marxism enjoyed a victory last week when University of Missouri President Tim Wolfe resigned after members of the Missouri Tigers football team joined a student movement calling for his resignation. While I fully support the rights of these players to leverage their athletic ability to advocate a cause — as I would support their
The political response to last Friday’s tragic terrorist attack in Paris has been woefully predictable. President Obama has vowed renewed commitment to his current ISIS strategy – whatever that may be . Republicans in Congress have railed against the President’s strategy and called for a stronger response – whatever that may be. Governors and
During Monday’s chaotic day of demonstrations at the University of Missouri, professor Melissa Click accomplished something she may have never done before in her academic career – taught an important lesson. Click, an assistant professor of mass media at Mizzou’s communications department, was recorded intimidating and threatening student
In his book Liberalism , Ludwig von Mises wrote “The minority that desires to see its ideas strive by intellectual means to become the majority.” In America today, there is probably no smaller – nor more vilified – minority group than those who genuinely desire to see America become a truly liberalized, capitalist society. For this reason, while
Neurosurgeon-turned- Presidential candidate Ben Carson has been under attack this week by our PC-enforcers in the media . While most of the media scorn has been directed at Carson’s defense of gun ownership following last week’s shooting in Oregon – Matt O’Brien of the Washington Post slapped at Carson for flirting with the gold standard. In an
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.