spilled over from the protest groups. The War on Poverty was a Johnson welfare policy. The Food Stamp program grew quickly. Head Start was tried in the schools. laws like Truth in Lending and Product Safety Act had the effect of reducing innovation and raising costs. Environmental Impact Statements stopped projects across
The outrageous talk of dividing Microsoft into three parts would have to end, so innovation and investment in the high-tech sector could proceed apace. But given the now also fails to treat the fundamental source of the problem, which is a monetary policy that has already been too loose. The last time that the money supply was
steel and aluminium imports are currently subject to tariffs after Trump’s latest policy attempts to rebuild U.S. metal industries. These restrictions are likely to in business transactions and intervention in prices, and are likely to reduce innovation in the long run. What’s ironic is that the copyright term extension
person think banks have anything to do with the finance that drives this hotbed of innovation? This is a short way of saying that even if central bank economists their wants insofar as they supply first. Which means the answer to growth isn’t policy as much as it’s a reduction of the barriers to our natural desire to supply.
structure permit us to try it out in the marketplace, or do regulations stifle innovation? People take institutions like central heating, air conditioning, at the altar of the market.” The truth is that society, culture, and foreign policy are all economic issues because they all concern the fundamental question of
of major financial turning points in the US, with coinciding political and foreign policy events, to see if a pattern emerges (see below). Major US Inflection Points in $8.3 billion in new money, third behind fund giants Vanguard and BlackRock; ARK Innovation ETF peaks at 158.82 (now 42.58, down 73 percent); assets hit $23.3 billion
presidential advisers, but people who thrive in the private sector, like high-tech innovators and heads of successful companies. What can the partisans of the public would become a permanent economic partner with the private sector, and set a policy precedent that could lead to ruin.
increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates challenging obstacle is also the accumulation of debt. The so-called “expansionary policies” have not been an instrument for reducing debt, but rather for increasing if refinancing occurs smoothly but at higher costs, the impact on new credit and innovation will be enormous, and the crowding out effect of government debt absorbing
demand is subservient to corporate interest, the most likely culprit is government policy. On the free market, consumers drive production, whereas under a system of of the state, but thankfully it doesn’t. In spite of the morass of anti-market policies, companies like Jones Soda have sought to satisfy a consumer demand for the system that produces them. Interventionism is restrictive; it confines the innovative human mind, while the laissez-faire economy unleashes it. In the absence
of the paper to influence national and international deliberations on climate policy. Government-funded science was manipulated to push a government agenda. Past American tradition of wealthy Americans playing a pivotal role in scientific innovation . While it’s fair to debate whether Elon Musk is closer to Howard Roark or
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.