characteristics in an economy, which is to say, a rough quantitative assessment of economic actors’ preference for current consumption over future consumption. Because roaring 7.2 percent annual rate in the July–September period. It was the highest growth rate since the first quarter of 1984. IV. Cashing In: 2004–2005 Owing to the
theoretical and cautionary senses. The Castilian region of Spain experienced an economic boom in the latter half of the 15th century owing to a combination of and more widely attended trade fairs. The critical role of fairs in Castile’s economicgrowth — large meetings of producers, wholesalers, transporters, warehousers, and
wherein presidential candidate Ron Paul, the foremost voice for Austrian School economic policies, faced off against Paul Krugman, New York Times economic columnist going on to say that “claims [that low capital gains tax promote both economicgrowth and job creation] are false.” In suggesting that taxes on these forms of
from a loose assemblage of social groups, forming a peacefully amalgamated, economically robust society. It would, of course, be misrepresentative to warfare and welfarism, the once-periodic arrival of social, political and economic “hard times” is becoming ominously persistent, looking suspiciously like the international conflict and social decay, amid withering inflation and stagnating growth. Will we, too, join the Aksumites — and so many others — atop the ash heap of
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.