Rostovtzeff and economist Ludwig von Mises both argued that unsound economic policies played a key role in the impoverishment and decay of the Roman Empire. and arbitrary taxation , led to a severe net decrease in trade, technical innovation, and the overall wealth of the Empire. [8] The passage of Human Action in
But once the crisis hit, it was the Fed, under Chairman Ben Bernanke, whose innovative, imaginative response to the crisis literally saved the financial world. acceptance speech, entitled “The Pretense of Knowledge,” monetary and fiscal policies are the product of what he called the “scientistic” attitude, which is in determining prices and wages in a well-functioning marketplace. But because policy makers think they know, “an almost exclusive concentration on quantitative
incredibly more pleasant than it would have been mere decades ago, thanks to the innovations of companies like Dell, Microsoft, Brother, and Pitney Bowes. And now I’m those with moderate incomes the opportunity is offered, by saving and insurance policies, to provide for accidents, sickness, old age, the education of their
president , Juan Perón, who had been ousted four years before. Perón’s economic policies were supposed to empower and uplift the people, but only created poverty and first in a series, the transcriptions of which are collected in the book Economic Policy: Thoughts for Today and Tomorrow , edited by Margit. Life (and Death) Before
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.