Mises Institute Senior Fellow Mark Thornton interviewed by Joseph Dietrich in the Washington Times Communities.
Dietrich: “If you weren’t doing what you are now (as a career), what might you likely be doing instead?”
Thornton: “I would be rich, retired, and attending Mises Institute events.”
AERC lectures on the Mises YouTube channel. Available so far: Robert Wenzel on the collapse of the Soviet Union and Gary North on “How Come We’re So Rich?”
“On the Inherent Instability of Apple Computer Products” by Bill Gates.
“On the Inherent Instability of Microsoft Computer Products” by Steve Jobs.
“On the Inherent Instability of Ford Automobiles” by co-authors from Chrysler, General Motors, and Toyota.
“On the Inherent Instability of Chrysler, General Motors, and Toyota Automobiles” by the Ford Motor Company.
In July 1940, when Ludwig and Margit von Mises made their way by bus from Switzerland across German-occupied France , the bus driver had to proceed very carefully and make many detours via back roads to avoid German checkpoints. If you would like to play with a fascinating exercise in counterfactual history, imagine how history would have gone had the Germans arrested Mises and his wife, placed them in indefinite detention, and perhaps ended up killing them in some horrible concentration camp.
This week’s quote(s) highlights why an explanation of a general boom-bust pattern of economic must be a monetary theory of the trade cycle. The first key is to clearly distinguish between fluctuations, which are a normal and indispensable part of the market process, and cycles, which are extra-market; the result of interventions into the market order.
Mark Thornton and Mises in today’s Wall Street Journal in “Letters to Editor” responses to Alan Blinder’s Easing Angst About Fed Easing which originally appeared March 13 in the print edition. A15.
Mark’s commentary (2nd letter in the link above):
