In many ways, the Mises Institute bears a heavy burden as the world's leading institutional voice for peace and economic liberty. And we are working in every way possible to make sure that the flame of freedom is not extinguished, even in the face of legions of charlatans and powermongers. Even though the politics of our times is as dark as ever, there are bright lights on the horizon.
I recommend the book to anyone who wants an analysis of current economic trends from an Austrian viewpoint along with some appropriate investment ideas; it is one of the best examples of sound economic writing among investment books.
One myth upheld even by many people who has a basically sound outlook on monetary issues is the view that an inverted yield curve (where short term
Being fully aware of the dark side of the credit boom — that is its socially destructive ramifications — Mises argued for returning to free-market money, which he saw as the only monetary regime that would allow preserving the ideal of the free society.
Boom-busts were a feature of markets. Under consumption caused the depression. WWII ended the Great Depression. All three Keynesian beliefs were inaccurate. Only the Austrian Business Cycle Theory got it right.
Back in 1969, Henry Hazlitt’s Man Versus the Welfare State appeared.
Where is Bernanke going to create the next bubble, the one that will mask the hangover from the housing bubble in the same way that the housing bubble masked the hangover from the tech stock bubble?
The Panic of 1819 was America’s first great economic crisis.
