Few political ideologies are as misunderstood as anarchism. Confusion is so widespread, in fact, that those ignorant of this intellectual tradition often use the word “anarchism” as a synonym for “chaos.” Some of the confusion may arise from the fact that anarchism is today often solely associated with the anti-private-property anarchists of the
The Los Angeles Times reports that the West is running out of water. Articles about water shortages are a perennial feature of local newspaper coverage in the American West, but the Los Angeles Times is right. The West really doesn’t have enough water to maintain the status quo. It’s not global warming or suburban sprawl that is the primary source
In April 2011, two years shy of its 100th birthday, the Fed held its first press conference in history in response to mounting criticism of its lack of transparency. In other words, the Fed felt that it had to walk out into the sunshine and defend itself. And, as no doubt part of the same public relations effort, recent Fed publications reveal a
Now available on Amazon is the Encyclopedia of Modern Political Thought from Sage Publications. Sage was nice enough to ask me to write the section on conservatism in the encyclopedia. The type of conservatism discussed is primarily the global conservative tradition of Burke, Maistre, Metternich, and Pius IX, with some references to the American
Guest Post: After 100 Years Of Failure, It’s Time To End The Fed! by Ron Paul A week from now, the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed’s creation established a banking cartel and a board of government overseers that
In Wednesday’s Mises Daily article, Gary Galles explained how there’s no way to predict the many new ways the marketplace can create, deliver, and sustain amazing new things. This is why freedom is so essential. The impossibility of planning innovation is shown quite well in this 1995 column by a very smart person who predicted the internet would
Bloomberg reports that gold is flowing from some Western vaults to China: “T he Chinese don’t want US dollars anymore, they want gold. “ In 2011, Dan O’Connor wrote on “China’s Hard-Money History: So deeply rooted in the culture were gold and silver that the Chinese people upheld a metallic currency longer than all Western nations, even though
Recently, Peter G. Klein appeared on the “The Wilkow Majority” radio program. In this excerpt, host Anthony Wilkow and Peter Klein discuss government intervention in healthcare and some of the resulting unintended consequences and market distortions.
Dave Howden, editor, has announced the release of the first issue of the new The Journal of Prices & Markets from the Ludwig von Mises Institute of Canada. This journal should be a great new outlet for Austrian influenced economists to complement QJAE and RAE. HT to all who worked so hard bring this new journal to fruition and congratulations to
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.