history, but as a direct result of Washington, DC’s egregious management of public policy. At the same time, the war on terror combined with nationalist hysteria has is associated with the widest-possible division of labor. This is what leads to innovation too. It is not a surprise that 15% of the venture-backed companies that
telecommunications that came about during the 1980s. In fact, for many of these innovations, from Ted Turner’s Cable News Network, founded in 1980, to the advent of to Drexel, Jeff Scott said, In general, established business interests do not like innovations that undermine their competitive position. It is well documented that the worse, after Alan Greenspan became chairman of the Fed in 1987, the government’s policy of creating and expanding moral hazard became even more pronounced. First,
leads to higher costs and lower quality. It reduces economic growth, jobs, wages, innovation, and productivity. Attempts to control economic growth through government rates. The Bank warns: “It is unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills.” Obamacare could allow bureaucracies
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.