In a recent Mises Daily , “A Golden Opportunity,” Patrick Barron and Godfrey Bloom make the case for Germany to withdraw from the monetary union combined with a strong argument that “a golden Deutsche Mark is possible and desirable.” This recommendation may be a step in the right direction, but it leaves Germany with a central bank and a
Mises.org asked leading Austrian economists for their impressions of the 1999 Nobel Prize for Economics, whose winner is Robert Mundell of Columbia University. Austrians should be very pleased about the awarding of the Nobel Prize to Robert Mundell. More than any other contemporary economist, he was responsible for making discussion of the gold
Introduction Foreword by Karl Hess If We Don’t Know Where We’re Going The Self-Regulating Market A Free and Healthy Economy Notes Introduction from the Mises Institute Some great books are the product of a lifetime of research, reflection, and labored discipline. But other classics are written in a white heat during the moment of discovery,
The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free trade and of the international division of labor. Therefore those who favored etatism and radical protectionism disparaged it and advocated its abolition. Their campaign was successful. Even at the height of
Ron Paul has waged a heroic battle for financial sanity since the inception of his tenure in Congress; and in End the Fed he gives us insights from that struggle available nowhere else. Dr. Paul had an affinity for the free market from an early age. “In the 1960s,” he tells us, I discovered the writings of economists such as Ludwig von Mises, F.A.
In his interview with the CNBC on November 9, 2010, a highly regarded Wall Street economist, Nouriel Roubini, the cofounder and chairman of Roubini Global Economics, said that a gold standard is unlikely to stabilize the financial system. On the contrary, holds Roubini, such a standard can only make things much worse. For instance, argues Roubini,
David Howden is interviewed on the GoldMoney show with Andy Duncan. “Howden thinks that the Euro will hold together in the short term, but he is rather pessimistic on the long term outlook of the common currency. One at a time countries which were formerly regarded as “stable” are being dragged into the debt hole. Though he assesses the problems
Thorsten Polleit delivered a speech at the Austrian Economics Research Conference entitled “The Gold Standard That Never Was.” Thorsten was interviewed by GoldMoney’s Andy Duncan. The speech is discussed in this podcast . The conditions that he sees as being necessary for a gold standard to be compatible with free market principles are discussed.
Today, capitalism is blamed for our current disastrous economic and financial situation and a history of incessant booms and busts. Support for capitalism is eroding worldwide. In a recent global poll , 25 percent (up 2 percent from 2009) of respondents viewed free enterprise as “fatally flawed and needs to be replaced.” The number of Spaniards
[This talk was delivered on September 13, 2008, at the Vancouver Mises Circle .] This past week, the government announced that it would take Freddie Mac and Fannie Mae, the mortgage giants, under conservatorship, which is a nice way of saying that they will be nationalized. We don’t use the word nationalize any more. We can try an experiment and
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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.