[This article is a selection from the March-April issue of The Austrian .] What if the world’s states were to come together and create a single world currency? From a purely economic point of view, there would be significant advantages if every nation didn’t operate with its own money but with the same currency. Not only for an individual economy,
In 1990, socialism seemed to be done once and for all, but the times have changed. In the last twenty years, socialism has again become fashionable beyond the academic fringes. The covid-19 crisis demonstrated how quickly and thoroughly the traditionally free societies of the West may be transformed by small groups of determined and
Daniel McAdams is executive director of the Ron Paul Institute for Peace and Prosperity and coproducer/cohost of the Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to US congressman Ron Paul from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993 to 1999 he worked as a
Time for Socialism: Dispatches from a World on Fire, 2016–2020 By Thomas Piketty Yale University Press, 2021 352 pages Thomas Piketty has written a useful book. Readers need no longer plough their way through his vast Capital in the Twenty-First Century , not to mention his even vaster Capital and Ideology, to understand his message. This fairly
Yuri Nicholas Maltsev is an Austrian school economist and economic historian from Tatarstan. He earned his BA and MA degrees from Moscow State University and PhD in labor economics at the Institute of Labor Research in Moscow. Before defecting to the United States in 1989, he was a member of a senior Soviet economics team that worked on President
Samuelson Friedman: The Battle over the Free Market By Nicholas Wapshott Norton, 2021 367 pages Nicholas Wapshott is a British journalist and biographer with a strong interest in economic theory. He says that the Nobel laureate Edmund Phelps is his mentor. One theme in twentieth-century economics dominates his work: the clash between economists
The Austrian(TA): What is the global currency plot, and who benefits most from the success of this effort? Thorsten Polleit (TP): The global currency plot denotes a rather inconvenient truth: the existence of states (as we know them today) sets into motion a dynamic process toward creating a single world fiat money controlled by a world central
In the seventeenth century, the capitalist bourgeois classes were becoming an increasingly important part of the European economy. The rising middle class was becoming too wealthy, too independent, and too influential. So, governments devised a response to the capitalist class: governments would create monopoly corporations that did what the
The Dawn of Everything: A New History of Humanity By David Graeber and David Wengrow Farrar, Straus and Giroux, 2021 Xii + 692 pages The Dawn of Everything , which has already attracted much scholarly attention and is a best seller as well, should be a warning to all academics: do not write about economics or the history of modern Europe if you
The Power of Capitalism: A Journey through Recent History across Five Continents By Rainer Zitelmann LID Publishing, 2018 xiv + 233 pages Dr. Rainer Zitelmann is best known to the scholarly world for his outstanding study of Adolf Hitler’s economic ideology, now available in English translation as Hitler’s National Socialism . Originally written
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.