across the political spectrum are fretting about the need for a national energy policy, wringing their hands about the apparent un-American-ness of our dependence on our activities and behavior. We use less of some things and more of others, and we innovate. In more concrete terms, we drive less and walk more, and we invest in a solar iPod charger as part of a year-end project this past semester. The list of innovative responses to high gas prices goes on and on. Some of these ideas will work
reason: “What’s missing in most analysis is the impact of inflationary monetary policy. Since 2001, and especially since September 2007 - when the Fed started directly controls. Unfortunately, because of globalization and financial-market innovation, money itself has become hard to measure and useless as a forecasting
do, and what monetarists’ critics at the time, wedded to the view that monetary policy was ineffective, and that inflation was entirely caused by OPEC (or by unions, or by anything except monetary policy) insisted it could not do. And yet your friend imagines that the experience the course of the 70s and early 80s, when high inflation led to numerous financial innovations, including the emergence of new financial assets that competed with and
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
Thanks to recent technological innovations, companies like 23andMe are now able to offer comprehensive genetic numerous restrictions on their freedom to advertise.) Who benefits from such a policy? First, due to the increased risk of purchasing a lemon, the value of used after millionaires on their deathbeds became the only people able to afford policies. While such drastic restrictions on the ability of insurers to discriminate
but it oppresses the poor. 2. Competition in Education. Competition encourages innovation and leads to better educational outcomes . Affluent suburban schools and Jerry Hausman and Ephraim Leibtag have argued that the benefits of Wal-Mart’s policy of “Every Day Low Prices” have accrued disproportionately to poor households .
culprit of the recession — whether already officially declared or not — is the policy of monetary expansion that has been practiced for the better part of the past time as savings can again be built, new waves of investment can start, and product innovation leads to export revenue. Making consumers and businesses appreciate the
juxtaposition of capitalism and war as found in the weapons industry. Here we have innovations and efficiency of the type we associate with the private commercial incredible until you realize the memory loss that Americans have toward US foreign policy. The 1980s are not exactly ancient history but in those days, the Reaganites had as a core doctrine of US policy that Islam constituted a valiant ally in the struggle against Communism. The
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
fosters real and practical tyranny, it ought to be checked [T]he transferring policy seems to suppose that the public has no property; and though legislatures have oppress, must on the contrary be weak for the object of preserving libertyEvery innovation which weakens the limitations and divisions of power, alone able to make a
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.