Good news: this Sunday, Meltdown , my book that gives an Austrian perspective on the economic crisis, enters its second week on the New York Times bestseller list , up to #11. (The list is for March 8; it was published online on February 27.) I have an article up today at ISI’s web journal First Principles called “Banana Republic, U.S.A.” that
Here’s my most in-depth discussion of the Depression of 1920, which reversed itself in the face of dramatic government budget cuts and a Federal Reserve that did not use its money creation powers. The article is a more formal version of my presentation at the Mises Circle in Colorado Springs back in
Finally an attack on Meltdown . It comes from leftist Matthew Yglesias, whose knowledge of business cycle theory I leave you, dear readers, to judge for yourselves. The Austrian theory of the business cycle has been “superseded,” our expert tells us. Yes, because the mainstream view of capital -- a gigantic, synchronous blob we can represent in a
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.