The Free Market 9, no. 3 (March 1991) There has been a veritable revolution in the attitude of the nation’s economists, as well as the public, toward our banking system. Ever since 1933, it was a stem dogma—a virtual article of faith—among economic textbooks, financial writers, and all establishment economists from Keynesians to Milton Friedman,
The Free Market 9, no. 4 (April 1991) Few occurrences have been more dreaded and reviled in the ‘history of economic thought than deflation. Even as perceptive a hardmoney theorist as Ricardo was unduly leery of deflation, and a positive phobia about falling prices has been central to both Keynesian and monetarist thought. Both the inflationary
The Free Market 9, no. 8 (August 1991) The debate over whether or to what extent we should bail out Gorby ($10 billion? $50 billion? $100 billion? Over how many years?) has almost universally been couched in false and misleading terms. The underlying concept seems to be that the United States government has, through some divine edict, become the
The Free Market 9, no. 10 (October 1991) Alan Greenspan has received his foreordained reappointment as chairman of the Fed, to the smug satisfaction and contentment of the entire financial Establishment. For them, Greenspan’s still in his heaven, and all’s right with the world. No one seems to wonder at the mysterious process by which each
The Free Market 9, no. 10 (October 1991) AIan Greenspan has received his foreordained reappointment as chairman of the Fed, to the smug satisfaction and contentment of the entire financial Establishment. For them, Greenspan’s still in his heaven, and all’s right with the world. No one seems to wonder at the mysterious process by which each
The Free Market 9, no. 12 (December 1991) Labor unions are flexing their muscles again. Last year, a strike against the New York Daily News succeeded in inflicting such losses upon the company that it was forced to sell cheap to British tycoon Robert Maxwell, who was willing to accept union terms. Earlier, the bus drivers’ union struck Greyhound
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.