The historic contribution of Mises was represented not so much by the magisterial works that he produced in 1912, or 1922, in 1933, or 1940 — as by his courageous, lonely vigil during the arid decades of the 1940s, 50s and 60s.
Air travelers were outraged when the FAA announced that there would be flight delays because air-traffic controllers had to take furloughs as a result of sequester budget cuts. But there is another federal agency whose budget cuts Americans should be cheering—the Drug Enforcement Administration.
The Mises Institute is pleased to announce the multimedia content on Mises.org— thousands of hours of audio and video—is now available through iTunes U , a dedicated section within the iTunes Store ( www.itunes.com ).
If we continue to pay attention to authors like Schlosser and Ehrenreich who blame the free market for the problems we face, public support for the market will dwindle to less than it is already, and the prosperity that the free market generates will be destroyed.
Hans F. Sennholz, winner of the 2004 Gary G. Schlarbaum Prize for Lifetime Achievement in Liberty, is one of the handful of economists who dared defend free markets and sound money during the dark years before the Misesian revival.
Professor Mises had come to the United States in 1940 and joined the faculty of the Graduate School in 1945. At that time he had already published his Bureaucracy (1944) and Omnipotent Government (1944) and undoubtedly was laboring on his magnum opus, Human Action (...
In the game Monopoly, owners of land and houses and hotels, through acquiring their possessions by luck, are flattered into believing they are masters of the universe, extracting profits from anyone who passes their way. There is no consumer choice and no consumer sovereignty. This is not a small...