Some smart French liberals of a Catholic bent, led by Damien Theillier, visited our offices, and I sort of gave them a tour, but I clearly must have forgotten about the camera...or something. Visite du “Mises Institute” guidée par J. Tucker Uploaded by iCoppet . - More college and campus
Many finance ministers and officials of central banks around the world are fed up with the U.S.’s inflationary policies, and QE2 seems to have turned quiet anger into open rage. The issue isn’t the inflation so much as the complete lack of coordination. The U.S. is trying to devalue the dollar on international exchange to boost exports , and to
Here is a beautiful illustration, with a visual that originated in the Washington Post – the newspaper of the city that generated the false boom that ended in devastation:
In the foreground is the Keynesian fiction, in which consumption plus investment (plus government spending) equals output. In the background is the Austrian reality, in which a heterogeneous capital stock responds to changes in the interest rate by shifts in the time structure of production. Intervention in credit markets thus creates distortions
We just received news that John David Fernandez, a student at Columbia and major supporter of the Austrian School, has died. He reviewed the Mises University after last summer’s event. He is pictured below, on the left in the wheelchair. Deepest condolences to the family, and may he rest in
Concerning the letter from economists protesting the Fed’s QE2, perhaps the details of monetary policy have been the subject of this level of public debate before, but I don’t recall it personally. At the same time, I’ve never heard of a Fed governor who was so open about his plan to inflate the money supply. It was almost as if he wanted to
A new report documents the trend . What I do find annoying about these surveys is how they focus on values instead of policies. For example, it should not matter to a libertarian what a person believes about religion or morality so long as they do not want the government to do anything about it. Of course experience suggests that there is in fact
Andy Duncan is wild for Doug French’s book : “You know you have crossed into the Austrian light when you wake up one morning and everything has become clear. From that point forward, for the rest of your life, you realise that almost every societal problem you encounter, no matter how simple nor how complex, is usually something to do with
This health site dared defend smoking, pointing out that sugar is probably far more dangerous. Fascinating. The post educated me about the anti-smoking hysteria of 1917. 80 years ago, in 1917, the nation was going through one of its periodic bouts of anti-tobacco madness. Then, as now, the focus was on children, but in 1917, “children” were
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.