The Free Market 20, no. 3 (March 2002) On May Day 1971, the National Railroad Passenger Corporation, later known as Amtrak, took over a group of overregulated bankrupt private railroads. Officials of Amtrak, which is a blending of the words American and track, announced that the government would make money on these bankrupt railroads. The public
Social Security was not just about the provision of publicly funded old-age pensions in the name of social insurance. It was designed as a tool of macroeconomic policy, a social arm of central planning passed in age of boundless faith in the power of the state. As such, the program was steeped in economic fallacy and became an integral part of the
La historia es importante, especialmente cuando la Ciudad de Nueva York se enfrenta hoy a otra crisis del subte. La historia del sistema de subte de Nueva York ilustra los fracasos de la empresa estatal. los subtes han sido malos durante tanto tiempo que pocos saben cuándo los subtes eran «una maravilla de la ingeniería». Eso fue cuando las
Estuve recientemente en un velatorio en Rego Park, Queens, un condado que es desgraciadamente parte de la ciudad de Nueva York. Fue el final de una maravillosa delicatessen kosher que amaban tanto los judíos como los que no lo son: Ben’s Best. Este tremendo restaurante podía haber muerto de muerte natural: muchos de sus ancianos clientes se están
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.