institution I often hear that the supply cannot expand fast enough to accomodate economicgrowth. But why should this be true? (For a related discussion, see Bob Murphy’s
While Sen. McCain has argued that tax cuts — particularly on business — spur growth, Sen. Obama dismissed that as flawed economics. “I’ve seen no evidence that would actually boost the economicgrowth and productivity.” [1] No evidence? Really? Maybe I can help. The
is nothing to fear. The government should permit it to happen as a path to economic recovery and even as a tool to reform. Institutions that are liquidated in the federal government and in particular in the executive branch. It dampens the growth of the welfare state, if it does not lead to its outright implosion. In short,
need to redistribute wealth, the need for government to create jobs, the limits to growth, the need to tax some particular industry, the need to end inheritance, the many other such issues. Carabini has a patience about his prose. He explains the economics. He explains the ethics. He explains the politics. And he always returns to an excellent book to give someone who just can’t seem to understand the merit of economic liberty.
economists and so-called experts have filled the minds of most Americans with many economic myths that are constantly reinforced by the media and repeated on the by rising oil prices; consumption is the most important element for economicgrowth; low interest rates are helpful to the economy; government expenditures help
Volker Fund: In a forthcoming review of Henry Hazlitt’s The Failure of the ‘New Economics‘ in National Review , I write that this is the best book on economics to be cast in novel form, didn’t get the recognition that its acute discussion of economic principles deserved. Still, I did not realize that Henry would be so fine on how Keynesianism is at the root of the current national income and ‘economics of growth‘ analyses. But, on the other hand, the real reason why Keynesianism is not a
capitalism. Current Political Philosophies’ Errors to Result in Political and Economic Crisis Congressional Record — US House of Representatives September 20, 1984 and equality of poverty prevails. We have a cancer in the land — the malignant growth of big government — and we can ignore it, treating only the symptoms, hoping
production brought by net investment should have resulted in aggregate profits and economicgrowth — but not this time. For some reason (which the president deems useless to
1957), especialmente el capítulo 10; ídem, On Power: The Natural History of its Growth (Nueva York: Viking, 1949); y Robert Nisbet, Community and Power (Nueva York: una gran desgracia y una empresa destructiva». (Citado en Murray N. Rothbard, Economic Thought Before Adam Smith: An Austrian Perspective on the History of
are the key factor behind fluctuations in money supply and thus fluctuations in economic activity. According to Friedman, what is required for the elimination of fluctuations is for the central-bank policy makers to aim at a fixed rate of growth of the money supply: My choice at the moment would be a legislated rule
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.