the FCC will be effective in counteracting the supposed threats and protecting the innovation and investment fostered by the Internet. The Threats to the Openness of are just tools, and “cannot by themselves determine the right answers to difficult policy questions.” However, he does not concretely define those policy questions, so
of new media, yet because newspapers and television journalism have failed to innovate and keep up we must subsidize them, because their reporting is (was) better. by government. Further, he suggests, we need, as an instrument of foreign policy, to compete with China’s CCTV and Xinhua News, and Qatar’s Al Jazeera . If the a dangerous man. I think I serve a valuable service by giving my readers a fresh, innovative view of the economy. Don’t I deserve a subsidy, Professor Bollinger? Who
trends to economic realities, which in turn are profoundly affected by government policy trends and monetary policy in particular. Monetary policy is truly the hidden guessing about the legal climate. Patent mania has created a minefield for innovation in every sector from medicine to software. Imperial wars have drained away
that’s just the point: the Bergsons are going to make money by specialization, innovation, and investment, not by hard labor. The objection, of course, is that “a banker had no business to commit himself to a scatter-brained financial policy which would destroy credit.”[68] A banker ought to know that people will avoid
the necessary collapse of a boom artificially generated by easy money/credit policies). [13] The Austrian School has also made distinctive contributions on such in 1974, the general reputation, academic respectability, and influence on public policy of the Austrian School have all been on the rise. Austrian economics even made
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.