From Hammer of Truth : Tom Woods begins Rollback by asking “is it already too late?” Before giving a lengthy answer, he points to recent polls that suggests most Americans claim to not trust the federal government; though much like a teenager that insists his parents are clueless – still looks their way for a solution. In answering the question
“The Nobel Prize-winning Austrian economist Friedrich Hayek’s arguments for free-market capitalism and against socialism and central planning made him a popular figure in 1940s America — and again today.” You can’t hear the audio for this story until 9 AM ET, but you can read it here
“MF Global’s Fractional Reserves” by Doug French Free bankers are always insisting that fractional-reserve banking is A-OK, as long as bankers inform depositors up front that the bank will be using their customers’ money to make loans and investments. That is exactly the case with MF Global, currently undergoing the eighth largest bankruptcy in
Anyone remember Red Dawn , the 1984 teenage saga of a communist invasion of the United States? Apparently, we can look forward to a remake in early 2012 . (But because Mises was right and the Soviets destroyed their economy a while back, the remake has the Chinese as the new Red Menace.) Meanwhile, Robert Wenzel at EconomicPolicyJournal.com
[ David Beckworth offers this reply to Robert Murphy : ] Robert Murphy recently questioned my claim made in a National Review article that there is a conservative case for QE2. He finds my premises and conclusion wanting. Unfortunately, in his analysis Mr. Murphy misses and mischaracterizes some important points I made about QE2. His article,
When Joe Salerno posted that “Austrian economists dominate the Money and Monetary Policy bestseller list for Kindle downloads ,” Frank G commented , “This is great news. I wish this blog was available on Kindle. I realize I would have to pay for something that is free, but its worth it to me since I have my kindle with me just about where ever I
Google’s new tool makes inroads into areas that belong to others for now, and raises the question: how long before Google supplants Windows? And the inevitable next question: how long before the Justice Department goes after Google for violation of anti-trust? Will Microsoft claim to be Google’s victim? Will Bill Gates have completed his
I had had a discussion with my daughter about what constitutes trade , but then a friend pointed out that the English word “trade” derives from a word meaning “habit”. Etymonline.com comes to the rescue , showing me that lingusitic concepts of trade in the English language most likely emerged from Roman or Etruscan roots. The link above shows that
The following question was posted to the Hernando de Soto thread. I’m moving it here to keep the discussions separate. I have a question and wanted to post it on the main venue but I don’t know how or if I can so I’ll try here. At the site http://www.infoshop.org/faq/index.html there is a long Anarchist Individualist FAQ, Under section ; G.2.1
French libertarian, François-René Rideau (who apparently runs Bastiat.org ) offers advice on his blog for communicating monetary economics to cute young actresses: In a bus to NYC early in January 2005, I meet this gorgeous girl who is reading a course in Economics. The textbook is open on a praise of the Fed and its role in regulating the
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.