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
NPR solicited a 500-word column from me on the new document from the Pontifical Council for Justice and Peace. Hard to say much in 500 words, but I did my best .
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
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,
As Lew Rockwell mentions in his article today, the wonderful new Instituto Mises Brasil sponsored the first-ever conference on Austrian economics this week. Hundreds were there, with most of them under 25. It was a thrill and an honor to speak and take part. I also had a chance to speak at the huge Forum da Liberdade , for which an incredible 5500
Following up on his successful and highly regarded James Madison and the Making of America (St. Martin’s, 2012), Kevin Gutzman has returned with a fresh look at Jefferson in Thomas Jefferson, Revolutionary: A Radical’s Struggle to Remake America . It could well have been called The Jefferson Nobody Knows . Jefferson, Gutzman reminds us, had such a
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
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
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.