Independent Institute links to Burton A. Abrams’s ( Research Fellow at the Independent Institute and Professor of Economics at the University of Delaware) sound criticism of Fed policy at Investors.com powered by Investor’s Business Daily . Abrams provides some of the best commentary I have seen on the Fed’s nonsensical commitment to 2% inflation
David Henderson has an important post, “ The Wonder of Economic Freedom ”. I truly appreciate his emphasis not just on markets, but on economic freedom; what I called elsewhere a free economy – which is much broader than just what is normally viewed as ‘market activity’. Henderson highlights “ Jeffrey Tucker’s writings on the “marvels of a free
In a Wall Street Journal article “ GOP Targets Medicaid, Food Stamps ” Senator Bernie Sanders (I., Vt.), top member of the Democratic caucus on the Senate Budget Committee, is quoted as saying, “I will do everything in my power to make sure we pass a budget that does not harm the most vulnerable Americans”. It would be nice if this concern for the
The Fed is seemingly slightly out of step with other central bankers as it recently hinted at possible future rate hikes in the official announcement following its March 20, 2015 meeting. But as many commentators have recognized, Janet Yellen , a strong proponent of Keynesian more-inflation-as-cure-for-unemployment policy, later downplayed the
Part I. In 1979 the Cato Institute published a collection of Hayek’s post-Nobel-laureate contributions to Austrian monetary theory, policy, and macroeconomics titled, Unemployment and Monetary Policy : Government as Generator of the Business Cycle . The monograph made more available to an American audience material originally published by The
Randall W. Forsyth, writing for Barron’s early spring 2009, wrote about Austrian economists, “Their ideas warned us of the bubble; their prescription for the bust is too harsh, however.” Now that the NBER has announced that the current “Great Recession” ended in June 2009, after 18 months, let’s reexamine this claim. First, the end date clearly
En un post previo del Círculo Bastiat, yo destacaba recomendaciones de Rothbard para reducir los déficits. 1. «Aunque los déficits son a menudo inflacionistas y siempre perniciosos, remediarlos aumentando los impuestos equivale a curar una enfermedad disparando al paciente». 2. «Así que los déficits deberían eliminarse, pero solo recortando el
Parte I En 1979, el Instituto Cato publicó una colección de contribuciones de Hayek tras su premio Nobel a la teoría autriaca, la política y la macroeconomía, titulada Unemployment and Monetary Policy: Government as Generator of the Business Cycle . La monografía hizo más disponible para la audiencia americana material publicado originalmente por
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.