The New York Times recently ran an interesting article on everyone’s favorite global retailing behemoth, Wal-Mart. It offers an interesting look at Wal-Mart’s changing corporate culture (they’re apparently beginning to wonder if they should pay off the barbarians at the gate), two stunning examples of economic illiteracy, one misrepresentation of
Jim Bovard, in the words of the Orange County Register , is “Washington’s most hated truth-teller.” In his latest book, Terrorism and Tyranny: Trampling Freedom, Justice, and Peace to Rid the World of Evil , he sustains that long-standing reputation with surefire dignity and aplomb. You get a feeling about a book and its author, when, in the
I never thought I’d agree with a Marxist. While researching Prime Minister Blair’s Third Way, I fell upon a critique written by Barbara Humphries on marxist.com. She says: “The Third Way (if there is such a thing) has no solution to what is a fundamental inability of the capitalist system to ensure prosperity and security for working people.” Even
“Socialism has stopped its march.” Or so declares David Brooks in his Sunday Times article . In reading that, I wondered what Mises, were he alive today, would say about the matter. When I read on further in Mr. Brooks’s article, I realized that, like our friend the Alien, it has never really died, but has simply taken up disguised residence
The dollar has again hit a new low in recent weeks on the international currency exchange. The blame is falling from most sectors of public opinion on our legislature, with its debit spending at an all-time high. A few say that the Federal Reserve (FR) could do something about it, but they deny it. Greenspan himself, in his recent conference in
The last few decades have witnessed many innovations in the consumer finance industry. Consumers enjoy a myriad of credit programs tailored to their particular needs: credit cards, home equity lines of credit, payday cash advances, etc. Unfortunately, all these options create problems too, as the attendant responsibility of money management has
The traditional family has for many centuries and in most countries been the core unit of society. It has been the foundation and even the ultimate purpose in many people’s lives. It has provided a stable framework to bring children into the world, to raise them, to teach them manners and how to become productive and happy human beings. It has
People engage in fierce competition everyday. Entrepreneurs strive to create the next Microsoft, employees fight their way up the corporate ladder to become the next Donald Trump, and competitive athletes train their bodies to reach the level of a Lance Armstrong or Tiger Woods. We can all appreciate the drive and spirit behind the competitive
Space travel has been one center of interest of governments around the world for the last five decades. As a result of an unending interest in nationalized technological advancement, research and development, incomparable military capabilities, and scientific endeavors into the unknown, bureaucracies have conned entire governments, if not much of
The self-identified champions of civil rights have prided themselves, for almost half of a century, on the violent eradication of ‘employment discrimination’ and pledge allegiance to affirmative action initiatives and other government imposed programs of the like. A recent headline about opposition to a new Louisiana state job application presents
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.