Quote Bastiat: “Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all.” – Frédéric Bastiat (via reddit
Today Paul Krugman responded to his, as he put it, “haters”: “others are using that out-of-context remark about the Fed “needing” to create a housing bubble.() So did I call for a bubble? The quote comes from this 2002 piece, in which I was pessimistic about the Fed’s ability to generate a sustained economy. If you read it in context, you’ll see
Tom Woods just delivered his first Mises Academy live session (for his online course The New Deal: History, Economics, and Law ) and the student consensus in the public chat is clear: as one student wrote, “great first class!!!” First, Woods gave an outstanding lecture on the origins of the 1929 crash (see his informative slides here ). Then he
There is a YouTube video entitled “ A Critique of Austrian Economics “, made by an anonymous YouTuber, which has had over twenty thousand views. The reader is dripping with insipid condescension; he reads the whole thing in this pedantic sing-song voice that is quite emetic in effect. So that you don’t have to listen to that, and so as to thus
George Carlin in 1991: We enjoy war. And one reason we enjoy it is that we’re good at it. You know why we’re good at it? Because we get a lot of practice. This country is only 200 years old, and already we’ve had ten major wars. We average a major war every twenty years, so we’re good at it! And it’s just as well we are, because we’re not very
(Hat-tip: David Kramer ) Daniel Hannan, addressing the European Parliament (emphasis added): “Mr President, let me tell you the story of two African countries. In 1978 Kenya banned the hunting of elephants and that decision was followed by an almost total destruction of elephant herds in Kenya. Round about the same time – in 1979 – Rhodesia, as it
According to Le Monde , crisis is the “Motor of Capitalism”. As I responded in Reddit/Economics (which is not nearly as Bolshie as Reddit/Politics), it is ironic that the article depicts Hank Paulson as a representative of capitalism, as he is one of the greatest anti-capitalist figures in modern history. But it is rather fitting that he is
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.