Over the past year, countless mainstream economists have shown a tendency to become upset when anyone suggests the economy isn’t great for everyone. The drive to convince everyone that things are swell began in 2022 and has continued through the whole summer. For example, last month Tyler Cowen penned an article in Bloomberg titled “The Economy Is
Central banks around the world target a stable price inflation rate of 2 percent annually over the medium term. This is widely considered to be monetary policy’s most important contribution to the smooth functioning of a dynamic economy. This view is wrong on multiple grounds, but there is one problem with it that is commonly ignored. Inflation,
The Austrian (TA): At mises.org, we’ve focused a lot on how monetary policy can increase inequality and impoverishment. But the same could be said of many other non-central-bank interventions in the economy. What are some of these interventions that are making us worse off? Per Bylund (PB): I think what is important to remember is that any change
The Mises Institute is different. We don’t change our positions or our ideology to match the current zeitgeist. Rather, we’re in it for the long haul. Our business is to change the minds of both scholars and the general public. Victory in the battle of ideas doesn’t begin in legislative committee rooms. It begins in classrooms and living rooms. To
Government-Managed Digital Currency: A Further Threat to Our Freedom by Paul Gottfried Whatever the modern self-described liberal democratic administrative state claims to be doing in the name of disadvantaged people is intended primarily and perhaps exclusively to increase government control. Further, whenever the same regime purports to be
En tiempos de crisis bancaria y financiera, los bancos centrales siempre intervienen. No es una ley natural, pero sí una ley empírica del comportamiento de los bancos centrales. La Reserva Federal se creó hace 110 años específicamente para hacer frente a los pánicos bancarios mediante la expansión del dinero y el crédito cuando fuera necesario,
[ Slouching Towards Utopia: An Economic History of the Twentieth Century por J. Bradford DeLong, Basic Books, 2022 viii + 605 pp.] J. Bradford DeLong, que enseña economía en la Universidad de Berkeley y fue protegido de Larry Summer, detesta la economía austriaca, que a veces ataca en su blog. Se podría esperar razonablemente que, por esta razón,
Jesús Huerta de Soto, catedrático de Economía de la Universidad Rey Juan Carlos de Madrid, es el máximo representante de la escuela austriaca de economía en España. Dos de sus numerosos doctorandos, David Howden y Philipp Bagus, ambos catedráticos de Economía, han editado un libro en su honor. Entre los autores figuran estudiantes, colegas,
[Este artículo es una selección del número de marzo-abril de The Austrian ]. ¿Qué pasaría si los Estados del mundo se unieran y crearan una moneda mundial única? Desde un punto de vista puramente económico, habría importantes ventajas si cada nación no operara con su propio dinero, sino con la misma moneda. No sólo para una economía individual,
En 1990, el socialismo parecía estar acabado de una vez por todas, pero los tiempos han cambiado. En los últimos veinte años, el socialismo ha vuelto a ponerse de moda más allá de los márgenes académicos. La crisis de los covid-19 demostró con qué rapidez y profundidad las sociedades tradicionalmente libres de Occidente pueden ser transformadas
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.