Free Market

Celebrating anniversaries for the Austrian School of economics. One hundred years ago, Ludwig von Mises began his career as an intellectual leader and creative genius with his groundbreaking The Theory of Money and Credit. Fifty years ago, Murray Rothbard took his own place in the ranks of creative geniuses, and inaugurated the modern Austrian movement with his great treatise Man, Economy, and State. And thirty years ago, Lew Rockwell, with the help of Margit von Mises, Murray Rothbard, F.A. Hayek, Henry Hazlitt, Ron Paul, and heroic donors, created the first institution solely dedicated to Austrian economics, the Ludwig von Mises Institute.

The Free Market 30, no. 9 (September 2012)

Politicians used Keynesian economics to justify big government, a welfare state, and budget deficits. The Federal Reserve sought to grow the economy through monetary expansion, thereby crippling it. At the same time, Wall Street sought higher profits through influence over the government.

Education is a lifelong process of learning, and learning takes place not only in school, but in all areas of life.

The impacts of Mises’ life and work have been resounding now for 100 years

For 30 years, the Ludwig von Mises Institute has been laying the groundwork for an intellectual revolution. That revolution is now at hand.

As Professor Block makes clear, “there is no intrinsic conflict between the market and the environment.”

The well-being of the 99% depends on who makes up the 1%: entrepreneurs or the state and its cronies.

In the end, this is the choice we face: the total state or total freedom. Which will we choose?

Despite the handwringing and lectures from Geithner and his accomplices, there is no need to raise the federal debt limit. The US government already spends an obscene amount of money every month, and this could easily be scaled back to the current inflow of tax receipts.