was instigated by the government’s central bank and its boom-and-bust monetary policies, among other interventions, has once again been blamed on “too little or outlawing it. And when it did so it was to protect unionized labor from competition, not to protect children from harsh working conditions. The “robber
this question: was the housing price bubble, which has burst, caused by (a) a Fed policy of too much liquidity, which caused artificially low interest rates, which in to another spurious claim. What Jefferson opposed was Hamilton’s mercantilist policies of government-controlled banking, corporate welfare, protectionist tariffs, , for example, Hamilton presented the cockeyed notion that international competition would cause higher prices and protectionism would cause lower prices by
This is why politicians are inclined to label virtually all of their domestic policies as “wars” -- on drugs, poverty, unemployment, drunk driving, etc., etc., and more plausible-sounding crises to talk about. To politicians, losing one of these policy “wars” is really success. For the worse things become -- the higher the attempting to achieve through politics what they have failed to achieve in the competitive marketplace. The results obtained by Hazlett and Bittlingmayer are not at
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.