phenomenon. Not even the best minds that our Ivy League schools can timestamp fail to concur with this economic axiom. A man who debates it is a man who will it would be interesting to know the Fed chairman who best fulfilled his stated mission. For this, I will use the following very scientific criteria which I thought Not that the good people of the Federal Reserve like inflation. Their stated mission is to “maintain stable prices”, stable being defined by Webster’s as “not
the Pentagon and alphabet soup intelligence agencies like the CIA and NSA, had failed utterly in its ostensible mission. All the airport security, nuclear missiles, air defense command centers,
behind the deceptive good-housekeeping seal afforded by their New Deal–sanctioned mission to support middle-class housing. This was especially the case after Fannie’s 1994. Not surprisingly, when Treasury Secretary Hank Paulson’s fabled bazooka failed and Washington had to nationalize the GSEs, foreign central banks and other
Film critic, historian, and Capra biographer Joseph McBride wrote that Riskin’s mission with American Madness was to “propagandize for the liberal lending policies” American Madness was a horror film for some audiences. In 1931 nearly 2,300 banks failed and the year the film opened saw over 1,400 closures, despite a slew of new
legal, and regulatory compliance costs can cause the business to lose money or to fail. In the event of an audit or investigation, small business owners in the U.S. representing nearly half of the U.S. economy, influencing the government is a mission-critical objective for every company. The size of government implied by and has transformed the United States from a burgeoning free-market economy into a failing corporate state. The U.S. federal government, the Federal Reserve, and Wall
honorable member of society.’” Needless to say, Arthur does not quote the mission statement from Junior Achievement with approval. Moreover, Arthur contends then easy to dismiss laissez-faire economic theory as “nice in theory, but it has failed to improve things in real life.” Thus, the only hope in making good economic
tossed and tossed, and pretty soon he had thrown nearly $300 billion to the wind. Mission accomplished. Finally, on Wednesday of last week, the Treasury announced skids. Some might be tempted to call the TARP an utter failure, given that it failed completely to carry out its stated objective, but brighter boys will see that
on its own soil. And, of course, in the wake of 9/11, all those agencies that failed miserably got more money for salaries, toys, and other rewards for their new missile technology since 2012 and when the time comes for yet another bombing mission in yet another Muslim-majority country, NATO seems often to be at the
that focused on mortgage origination, or thrifts. To this day the public mission of the FHLB is the provision of cost-effective funding to members for use in Many of the thrifts owners started going bankrupt when the loans they had made failed. FSLIC was required to pay all the thrifts’ insured depositors back. Because
Because they are ill-defined conceptually, many official economic statistics fail to capture what they purport to measure. Figures on “poverty,” for instance, are of professional attendants — lawyers, accountants, financial gurus — whose sole mission in economic affairs is to remove income from the gaze of the tax collector. intended to serve as cookbooks for policy makers.) If the macroeconomic warriors failed to capture the hill, perhaps the blame belongs to their tactics or weaponry as
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.