in the 2011 BBC debate between two teams of economists at the London School of Economics: The Keynes vs. Hayek debate . I assume that Robert Skidelsky, his partner, books listed in his Wikipedia entry, five are on Keynes. None is on any aspect of economic theory, including monetary theory. So far, in his first two paragraphs, Mr. until the outbreak of World War I 1914, which was the greatest period of economicgrowth in recorded history. The world of 1900 would have been unrecognizable in its
the reformers all invoke central planning of some kind. The starting point of any economically plausible system to end the Fed should be a commitment to avoid all forms of central economic planning, for all of the reasons that Ludwig von Mises set forth in his Herman Daly. He is retired. He has for a generation been a major promoter of zero-growtheconomics (ZGE). He has challenged the central confession of faith of
“the West” defeated the Soviet Union. What defeated the Soviet Union was socialist economic planning. The Soviet Union was based on socialism, and socialist economic of Virginia had done empirical work showing that the much-vaunted economicgrowth in the Soviet Union was a myth. Samuelson did not pay attention. In the 1989
An article by David Weiner on the MarketWatch site reminded me of just how weak the economic arguments against the gold standard are. Its title: “A Fool’s Gold low and stable inflation and a monetary climate that promotes long-term economicgrowth. Political cycles, alas, are considerably shorter. Without independence from
Doesn’t Count” The amazing thing about Hamiltonians is that they are impervious to economic logic. They argue that raising taxes is bad, unless it’s the sales taxes badges and guns. They are convinced that badges and guns are the basis of economicgrowth and wealth for all. They really believe that if the government sends out
the road toward public regulation and regimentation, the more it is pushed toward economic isolation. International division of labor becomes suspect because it p. 4. Free trade is a crucial economic policy in the program to restrict the growth of socialism. Mises never wavered from this view. He recognized the threat of
through. These people are in fact pessimists. They argue that moral evil and economic irrationality can be made to work. That is a pessimistic message. coercion. Then the empire begins to crack. It cannot enforce its claims. So, the growth of empire has economics at its center: economies of scale. The fall of empire
total unfunded liability of all of the federal welfare programs. The relentless growth of the unfunded liabilities dwarfs anything that Congress is willing to deductibles. Will Medicare offer high-deductible policies? That would be economically attainable, but would it be politically acceptable? I doubt it. The rich It will default in stages, but it will default. The welfare state’s Ponzi scheme economics will catch up with the politicians. It will catch up with everyone who is
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.