renewed his efforts, illustrating how the recent era of unconventional monetary policy has made an audit all the more important: In 2009, then-Fed Chairman Ben and introduce another piece of legislation from his father’s archives: the Free Competition in Currency Act . While not as catchy as “End the Fed”, this piece of their wealth if they ever have reason to doubt the wisdom of the Federal Reserve’s policies. Just as Senator Paul advocated for the ability of Americans to be able to
exchange and money, saving and investment, economic inequality and economic competition, and the profit motive — institutions everywhere under attack for several of lower wages when necessary. He showed that the foundation of world peace is a policy of laissez-faire both domestically and internationally. In answer to the
misrepresentation of what is being offered for sale. What is missed is that market competition generates the incentives and opportunities to earn profits precisely by and less expensive products offered to the consuming public. The purpose of competitive markets and price systems is precisely to provide a way to integrate and
for the Great Depression, and to analyze the misguided and counterproductive policies that were followed in the early 1930s, which, in fact, only intensified and growth and stability through the use of a variety of monetary and fiscal policy tools. Mises, Hayek and the Austrian Theory of Money and the Business Cycle
Numerous misunderstanding and mythologies surround the meaning of capitalism and competition, but few match the confusions over the meaning and relevance of “social” significance of this monopoly situation suggests the need for an economic policy to “correct” some “problem” with it. Or whether, instead, when looked at and
the origin of Neo-Liberalism, or what it meant to those who formulated it and its policy agenda. It all dates from about eighty years ago, with the publication in recognizes and places much greater importance on the effectiveness of market competition to “deliver the goods” and supply important forms of personal liberty and
picked up Kalanick for a ride. Kamel proceeded to criticize Kalanick for Uber’s policies and for the reductions in fares implemented by Uber’s management in recent had initially tried explaining to Kamel that Uber had to cut fares in oder to stay competitive: Kamel: “You’re raising the standards, and you’re dropping the prices.” [Uber] wants.” Kamel is wrong. Unlike the Taxi industry in cities that prohibit competition, Uber does not enjoy monopoly or near-monopoly power, and is subject to
The primary purposes of the incorrectly named “unconventional monetary policies” are to debase the currency, stoke inflation, and make exports more competitive. Printing money aims to solve structural imbalances by making currencies will keep buying 60 billion euro a month in bonds, maintain its zero interest-rate policy, and keep this “stimulus” as long as it takes, until inflation growth and GDP
it is not bad either, it is just not there. And it would be a shame to see federal policy set on such a poor, unscientific basis.” Since the early 1900s, medical special interests have been lobbying politicians to reduce competition. By the 1980s, the U.S. was restricting the supply of physicians,
Secession and decentralization merely create a greater potential for tax competition, for tax havens, and as havens from burdensome regulations in the rump of course, it would be because Ohio had enacted so many liberalizing economic policies that Ohio was leaving the US in the dust in terms of economic growth and job competition and choice in trade, in tax regimes, in legal systems, and in monetary policy , since, as Rothbard noted: “A more decentralized world would be far more
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.