19th Century and the beginning of the 20th, the rise of big business on the free market could not create monopolies and cartels. Only government could do that.
the economic analysis of the necessary consequences of intervention in the free market by bank credit expansion. Followers of the Misesian theory have often favorite explanation of the crisis is that it stems from “underconsumption”—from a failure of consumer demand for goods at prices that could be profitable. But this
The Free Market 13, no. 2 (February 1995) One of the persistent Clintonian themes of the the Clintonian conclusion that the resounding Democratic defeat was due to their failure to “get the message out” to the public, the message being the good news of the American dream. Rothbard, Murray N. “Is It “The Economy, Stupid”?” The Free Market 13, no. 2 (February 1995).
in 1968. The gold price kept creeping above $35 an ounce in the free gold markets of London and Zurich; while the Treasury, committed to maintaining the price before, but they would seal themselves off hermetically from the pesky free gold market, allowing that price to rise or fall as it may. In 1971, however, the rest of the economic Establishment, and induced nostalgia for the once-acknowledged failure of Bretton Woods. One would think that the world would tire of careening back
matters of vital importance down to being nasty to one’s neighbor or to willful failure to take one’s vitamins. But none of them should be confused with an action money vs. fiat money or silver inflation; free trade vs. a protective tariff; free markets vs. government regulation; small vs. large government spending? It is true public. Specifically, the Democrats, who (at least until 1896) favored the free-market libertarian position on all these economic issues, linked them (and properly
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.