warming; and warming is inherently bad. But even if we accept these premises, what economic trade-offs are warranted in response? No more air conditioning or private cheap fossil fuels and mandating expensive renewable sources? Slower economicgrowth in the developing world? One child policies? Dr. Robert Murphy joins Jeff
balance sheet—swollen after successive rounds of QE—will ever be unwound. Real growth is flat, real incomes are stagnant, inflation is higher than the government and millions of Americans still haven’t recovered from the Crash of ‘08. Is economics broken? Have we entered a new era of technocratic impotence, where
the unholy practice of using war and foreign interventionism to create phony economicgrowth inside the DC Beltway. Daniel is the best around when it comes to explaining
At last month’s Austrian Economics Research Conference, we were honored to be joined by Kevin Dowd, an talk, he explains how policies like negative interest rates not only reflect bad economic thinking, but also pose a danger to the civil liberties. What will the Fed and European Central Bank do next, if ersatz economicgrowth cools in a period of rising interest rates? Don’t miss this masterful
unfolding) calamities. When Politicians Panicked is a superb analysis of the economic tradeoffs ignored by alarmist Covid policymakers, and a blow by blow account their bungling in the early months of 2020. But this is also a book about economicgrowth, employment, markets and prosperity, with well-supported arguments written in
Williams of Shadowstats.com explains how and why. John is a vocal critic of modern economic reporting, which is manipulated to make the economy appear stronger than it compiles himself. And, his statistics paint an alarming picture: virtually all “growth“ in the US economy since the Crash of ‘08 has been artificially engineered by
Holmes at the Mises Institute. First let me say that what we today call “Austrian economics” flows from the great legacy of classical economics, with the very that describes a healthy and vibrant (though often oppositional) modern school of economic thought. It originated with intellectual giants like Carl Menger and Ludwig things that cannot exist — like greater prosperity without real increases in growth, profits, capital accumulation, or productivity, for example. They will
a sclerotic profession badly in need of a shakeup. Largely shut out of university economics departments after the Keynesian revolution of the 30s and 40s, brilliant the busts. The dismal science is in trouble, and it deserves to be in trouble. Economic axioms cannot be flouted without consequences—which means the central whether fiscal or monetary, will produce only ersatz and short-lived economicgrowth. Underlying incentives will continue to matter. Political movements in the US
books. We are told nobody reads anymore, and certainly not dense tomes about economic theory, but this raises a question: are the rare people who do read such developed the term to describe the creative force within an organism which drives growth, change, and desirable adaptation. Professor Mises liked it so much that he
central bankers — are in uncharted waters. They don’t know how to create economicgrowth, they don’t know how to fight the great bogeyman of deflation, and
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.