Acton says the muse of the historian is Rhadamanthus , the avenger of innocent blood: "The historian must be a judge, and a hanging judge at that, to right the wrongs of history."
It is not possible to replace productive credit by means of the easy monetary policies of the central bank. If this could have been done, then the world would have already ended poverty.
The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong.
We can see that these massive trillion-dollar stimulus programs generate a virtually nonexistent long-term positive impact, just a short-term bounce that lasts less than a quarter.
Google says it can only tolerate "accurate" information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread.
It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability.
The author illustrate how Austrian ideas—value subjectivity, consumer sovereignty, capital allocation, entrepreneurship, etc.—can be useful “to practical management problems” in teaching and consulting.
With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of economics. Since 1982, it has been the essential training ground the world over. With the continuing and growing economic crisis, the ideas of liberty are gaining more attention than ever. The Austrian School in particular is undergoing a remarkable renaissance. Hear the words of some of our supporters to learn why they are seizing the moment to help the Institute flood the world with truth.
