Mises Daily Articles

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Krugman's Straw-Man Market System

Other Schools of Thought

01/12/2011Mises Daily Articles
While Austrians see how individuals working through free markets have bettered their life situations, Krugman and his colleagues see only chaos, failure, and bad food.
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Know the New Deal Cold

Big GovernmentLegal SystemU.S. EconomyInterventionism

07/30/2010Mises Daily Articles
The Depression is supposed to be Exhibit A of the alleged instability of the free market left to its own devices, while the New Deal represents the indispensable corrective power of the state.
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Krugman contra Hayek

Free MarketsU.S. EconomyInterventionismOther Schools of Thought

07/29/2010Mises Daily Articles
"Within the Misesian-Hayekian framework, the only permanent solution to existing malinvestment is to allow its liquidation and the readaptation of the structure of production."
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Keynes Was a Keynesian

InterventionismMoney and BankingOther Schools of ThoughtPhilosophy and Methodology

05/20/2010Mises Daily Articles
"Keynes argues as if the government — or rather, 'forces outside the classical scheme of thought' — could control the volume without affecting any other aspect of the market economy. What sort of powers would government have to wield to be able to exert such a force?"
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Karl Hess and the Death of Politics

BiographiesFree MarketsU.S. HistoryPolitical Theory

05/13/2010Mises Daily Articles
"Some may wonder why it took Hess 20 years to notice all this, why it took a man this obviously intelligent so long to grasp that the Republicans were pretty much the same as the New Deal Democrats he opposed, but with window dressing."
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King on Punishment: A Comment

Big GovernmentThe EntrepreneurFree MarketsLegal System

05/04/2010Mises Daily Articles
"I contend that Professor King is a utilitarian rather than a natural-rights theorist."
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Krugman's Hoover History

Booms and BustsU.S. HistoryInterventionismOther Schools of Thought

03/22/2010Mises Daily Articles
Rival explanations — for example ones that claim government deficit spending doesn't help an economy — fit the evidence far better.
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Krugman Fails to "Get It" on Japan

Booms and BustsThe FedInterventionismOther Schools of Thought

03/05/2010Mises Daily Articles
Bubbles, as we have seen, result from deliberate "expansionary" policies by government authorities, yet Krugman always seems to treat them as being solely the products of private enterprise.
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Keynesianism and Socialism

Global EconomyWorld HistoryInterventionismOther Schools of Thought

01/05/2010Mises Daily Articles
In general, moreover, Keynesian proposals for "compensatory" policies follow Marxian socialism in seeking to force individuals to obey the rule, "From everyone according to his abilities, to everyone according to his needs." Arguments and theories used to support these proposals are essentially...
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Krugman Falls into the Keynesian Accounting Trap

Global EconomyU.S. EconomyMonetary Theory

12/21/2009Mises Daily Articles
In the real world, erecting higher trade barriers will reduce economic output in both countries, whereas reducing trade barriers will lead to greater output.
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