Mere inflation—that is, the mere issuance of more money , with the consequence of higher wages and prices—may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not. —Henry Hazlitt, Economics in One Lesson Money is among the most important forms of technology. It solves the fundamental
Public goods, in mainstream economic theory, are goods that are nonrivalrous , where one person using a good does not preclude anyone else’s capacity to do the same, and nonexcludable , where owners of the public goods are generally unable to restrict anyone’s access to the good. Commonly touted examples include public lighting, like streetlights,
Fifty years ago, a remarkable libertarian, personal friend, witty Georgite, then editor of Human Events , came out with a landmark book, The Income Tax: Root of All Evil ( text and PDF ). Its author was Frank Chodorov who saw raging about him—what’s new?—interventionism, welfarism, political mischief and corruption galore, an ongoing mangling of
Everyone will agree that the American tax system is a mess. Taxes are far too high, and the patchwork system is so complicated that even IRS officials don’t understand it. Hence the evident need for some sort of dramatic, even drastic, reform. As often happens, a group of dedicated and determined reformers has arisen to satisfy that need. But
Los bienes públicos, en la teoría económica dominante, son bienes no rivales, en los que una persona que utiliza un bien no impide que otra pueda hacer lo mismo, y no excluyentes , en los que los propietarios de los bienes públicos son generalmente incapaces de restringir el acceso de nadie al bien. Algunos ejemplos comunes son el alumbrado
Hace cincuenta años, un notable libertario, amigo personal, ingenioso georgista, entonces editor de Human Events , publicó un libro histórico, The Income Tax: Root of All Evil ( texto y PDF ). Su autor era Frank Chodorov, que veía a su alrededor —¿qué hay de nuevo?— intervencionismo, asistencialismo, malicia política y corrupción a raudales, una
Todo el mundo estará de acuerdo en que el sistema fiscal americano es un desastre. Los impuestos son demasiado altos y el sistema es tan complicado que ni siquiera los funcionarios del IRS lo entienden. De ahí la evidente necesidad de algún tipo de reforma drástica. Como suele ocurrir, ha surgido un grupo de reformistas dedicados y decididos 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.