After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — no one dared claim it amounted to full recovery — was probably illusory. There is real growth, and there are government statistics. The statistics have misled
You are uptown in a shopping district of a small community, and you pass by the meat shop, the wine shop, the coffee shop, two churches side by side, a coin shop, an antique store and hold it right there. A coin shop? This is irresistible, because, as implausible as this may sound, all political truth can be found in a coin shop. And not just
Barack Obama’s tax advisers recently posted a piece in the Wall Street Journal about their candidate’s tax plans. Their article was designed to triangulate, painting their candidate as a tax cutter and the Republican opposition as a secret tax raiser. It was well written and well argued — not that you can really trust anything you read about what
These are times when you just feel like yelling at the people who write the news, particular the business press. They are happy to report, word for word, what the Fed and Treasury Department, and their message is always the same: hey, it’s not our fault; in fact, we are fixing the problem! We are told that the economy has tanked because foreigners
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.