how the Fed’s fixation on promoting price inflation is a big problem: The Fed’s policies severely undermine the middle class by making goods and services more who promise to help the middle class support this insidious wage-reduction policy. Inflation has very little visibility, but slowly, like negative compound But deflation can be good. It results from greater efficiency, competition, and innovation — the stock-in-trade of American industry. Our standard of living is
the interest rate. But, in a world where credit is highly influenced by the policies of the monetary authorities, it is clear that interest rates are not result of an investment dearth due to slow population growth and the absence of innovation. Today, this theory is being revived with the secular stagnation the boom and bust cycle. Additionally, central banks’ ultra-low interest rates policy will induce entrepreneurs to embark upon less profitable projects and will
privacy, even to the point of scheming to stamp out cash. But Swiss financial innovation knows no bounds. To meet the intensifying demand for financial privacy unstable banks, negative interest rates and other “unconventional” monetary policies, Swiss entrepreneurs have purchased and refurbished former military bunkers
Cynic? by Paweł Nowakowski Why Hillary Clinton Wasn’t Indicted by Ryan McMaken Has Innovation Reached Its Breaking Point? by Per Bylund Elizabeth Warren Turns a Blind Eye to the Central Bank by Patrick Trombly The Right Government Policy Toward Entrepreneurship by Peter G. Klein
however, is that the current war is only the most recent version of government policies that have been around for a long time. Similar programs have appeared era, “ Legalist ” ideas were increasingly prominent, and inspired a number of “innovations” in public policy, including laws and regulations similar to the modern war on cash. Legalists
coming to realize what Austrians have long warned, that the increasingly absurd policies of central banks offer no hope for true, sustainable economic growth. Sadly Mises Weekends this week focuses on the true foundations for economic prosperity: innovation and entrepreneurship. At last week’s AERC, Hunter Hastings — a leading
Concrete Economics: The Hamilton Approach to Economic Growth and Policy Stephen S. Cohen and J. Bradford DeLong Harvard Business Press Review, 2016 xi United States. From its very beginning, the United States again and again enacted policies to shift its economy onto a new growth direction. These redirections have
The book is animated by a controlling vision. A successful economy depends on innovative entrepreneurs who are willing to take large risks in return for the chance migrates to talented entrepreneurs eager to pursue profitable opportunities. Innovations like the automobile, computer, and online retail services destroy jobs, though, he makes what seems to me an incorrect claim; but fortunately, his main policy prescription can be restated in a better way. Tamny rightly calls for sound
Every policy discussion, in the media or the political arena, touches inevitably on the one such theory of the slow economic growth argues that “we’re running out of innovations”: according to Robert Gordon’s book , 21 st century entrepreneurs are and investment in this context—and their further connection to sound monetary policy—, is responsible for both this theory, as well as for those well-known
profoundly political act. It resulted in the abdication of economic and financial policy to an unelected elite and their eventual capture by Wall Street and the forces isn’t really. It’s just another variant of the dotcom bubble in which a few good innovations are being drastically over-valued (e.g., Uber) while a tsunami of parts of Texas, according to a new analysis of Census Bureau data by the Economic Innovation Group, a bipartisan research and advocacy organization that was founded by
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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.