John Aziz has posted “ A Critique of the Methodology of Mises & Rothbard .” He objects to Mises’ statement that: Our statements and propositions are not derived from experience. They are not subject to verification or falsification on the ground of experience and facts. by averring: This is completely wrongheaded. All human thought and action is
Robert Wenzel writes : Although he has some libertarian tendencies, Steve Forbes has to be classified as establishmentarian versus libertarian, which makes his latest book all the more interesting. In his new book, Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn’t, written with co-author Elizabeth Ames, not only are Ludwig von
CNBC’s John Carney schools Krugman and other critics of the gold standard on the Austrian rejection of the chimera of price stability (the Monetarist half of the Fed’s “dual mandate”), citing Rothbard, Salerno, and Herbener (emphasis added): In a piece for the Atlantic , Matthew O’Brien attempts to demonstrate “Why the Gold Standard Is the World’s
Ron Paul interviewed today on Bloomberg : Reporter: “As you are reflecting back on your campaign, are you unhappy with your party?” Ron Paul: “Well, it’s not my party. I don’t like politics at all... As far as being pleased I am super pleased with what’s working... I am super-energized and optimistic about what’s happening, because the ideas are
Here is commentary from Robert Wenzel on that great John Carney post I blogged about last week. He writes: Carney’s article is the most sound presentation of the Austrian School’s view on gold with reference to price stability that I have ever seen in mainstream media. Carmey gets
Steven Horwitz has an essay up at Cato protesting that, contrary to common perception, “modern” Austrian economics is actually very empirical. Much of his argument stems from his treatment of economic history as being a sub-set of economics , in stark contrast to Mises’ position that,”There is economics and there is economic history. The two must
From Obama’s Convention speech yesterday: The truth is, it will take more than a few years for us to solve challenges that have built up over decades. It will require common effort, shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one. “Bold, persistent
As I illustrate in this post , Steven Horwitz’s essay The Empirics of Austrian Economics is, as Joseph Salerno put it, “profoundly confused” about Mises’ methodology. George Selgin responded to Horwitz yesterday. While I disagree with Selgin’s criticism of Mises’ methodological positions, at least he doesn’t grossly mischaracterize them, as does
One whistleblower, Bradley Manning, who sounded an alarm over state aggression is detained (perhaps under terrible conditions) and set to be prosecuted by the Federal Government. Another whistleblower, Bradley Birkenfeld, who sounded an alarm over attempts to avoid state aggression was just awarded $104 million by the Federal Government. He
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