Or so we read in the Washington Post . Austrian business cycle theory is studiously avoided, of course, and “animal spirits” are back. We get one paragraph about the Japanese stagnation of the 1990s, but no acknowledgment at all that none of the Keynesian tools accomplished a thing. Have at this one,
So says Mike Whitney , a “well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.” After discussing the housing bubble, capital consumption, and much else, Whitney concludes that prosperity will be restored only if we all start using things up: “America’s consumer culture is
Jacob Weisberg explains how stupid and ideologically blinkered libertarians are for not recognizing the meltdown as a failure of “unregulated markets.” Yes, yes, I know we’ve heard this all before, but it’s almost kind of funny how someone can write a whole article about this and never once — as in not one time — mention central banking. Jake,
Got it? From the Washington Times : “Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher.... ‘Something is wrong,’ said National Farmers Union President Tom Buis, adding that the CFTC’s refusal to rein in speculators will force
Here I go again — here’s the text of something like what I said on my tour of Poland in December. Whatever religious differences you have with me, please denounce me via email rather than in the comment
Here’s Lionel Robbins, from his 1934 book The Great Depression , giving us the advice that was ignored then and is being ignored now: “The habit of intervening to prop up unsound positions and to support particular interests must cease. Nothing must be done which will encourage business men to believe that they will not be allowed to go under if
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.