hold on to inventory as long. The maintenance of profitability involves relentless innovation, keen-eyed cost watching and cutting, and constant attention to the by cutting costs. In other words, it is the inflationary pressure of bad monetary policy that has affected these sectors more than any other. The relatively free
driving public debate. But bridging the gap between private opinion and official policy will require nothing short of a miracle. One need look no further than the state of things, bad economic times will be a forerunner to bad and worse economic policy. The Democrats will give us more spending, regulating, war, and inflation. And are cooperating with all nations of the world, serving the consumer, and finding innovative and better ways to feed, clothe, house, heal, and entertain us. And what
The outrageous talk of dividing Microsoft into three parts would have to end, so innovation and investment in the high-tech sector could proceed apace. But given the now also fails to treat the fundamental source of the problem, which is a monetary policy that has already been too loose. The last time that the money supply was
raining, pouring, economic fallacies by the hour, followed by a flood of horrible policy that is driving us ever further into economic depression. The regime in charge same way the post office is run. But notice: the post office has a problem with innovation, pricing, cost accounting, and making ends meet. Its only source of life
debt? More linen paper, stuff which can be printed up without limit. With this innovation, the fiscal restraint on the state came to an end. All the talk about fund both welfare and warfare. We wouldn’t dream of a world empire and debate policy the way we debate art, as merely a matter of preference. There would be
Foundation on “Why Austrian Economics Matters.” That’s because so many of the policy ideas suggested within the Austrian framework can be subsumed under the need antitrust, a vast historiography that turns the mainstream on its head, a huge and innovative critique of war and of interventionist and socialistic states — as well as Austrian school. Austrian economics was born with Carl Menger’s reflections and innovations on the nature and function of money. It matured under Mises’s own
during his presidency — not even Jefferson could be fully trusted with power — the policy bias was clear: frugality, free trade, hard money, and decentralized On top of that, every aspect of the economy is distorted by the expansionary policies of the Federal Reserve, resulting — in just one instance — in a huge housing checking and all the rest. Indeed, we would see an explosion of financial innovation under the gold standard because so many of the uncertainties associated
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.