Economic science receives little attention and its value is seriously questioned by the very men in society to which it should provide a guide for practical action. [1] — Carl Menger Economics has been widely labeled the “dismal science” and this is certainly true — but not in modern America. Our cultural insistence on a smiley, can-do attitude
[ Editor’s Note: Due to a vaguely remembered booze-filled night that resulted in a row with the wife, a future court appearance, and — worst of all — a lost bet, this page has been loaned out to a man of very little reputation but very large aspiration to write for his beloved, hometown New York Times . I am certain my readers will understand that
“The notion that inflation is everywhere and always a monetary phenomenon is no longer a controversial proposition.” – Alan Greenspan, January 3, 2004 Caroline Baum recently noted that the Fed just doesn’t get the credit it deserves for the effect it has on overall economic conditions at any point in time. [1] And, as I often do (because Ms.
“Any discussion about the Social Security trust fund would have to include the discomforting fact that there is no Social Security trust fund.” – Caroline Baum [1] Bloomberg columnist Caroline Baum has been writing about financial markets for over twenty years. My discovery of her column made the life of a Wall Street professional of an “Austrian”
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.