Economics cannot be faked, ignored, or legislated away any more than physics or chemistry. Economics, as Mises understood, is the study of social cooperation. When economics falls to politics, peace and prosperity fall to poverty and violence.
If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.
The German "stimulus" package does nothing to actually stimulate true economic growth. If Germany policymakers were smart, they'd be cutting taxes and spending, while abolishing regulations.
We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't something we could call a market economy.
Euro governments are planning to use the banking system for widespread bailouts in the wake of the COVID-19 shutdowns. This could bring about a new financial crisis.
07/04/2020Quarterly Journal of Austrian EconomicsBrendan Brown
Brendan Brown reviews "Narrative Economics," which argues that "economic fluctuations are substantially driven by contagion of oversimplified and easily transmitted variants of economic narratives."
The Republic of Genoa provides an example of how a small "state" managed to defend itself against much larger states using military resources that were overwhelmingly owned and controlled by private parties.
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.
