Ludwig von Mises Institute
The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and, in application, defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.
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1982
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The Essence of Hutt
30 Dec 2009, 2:10 am
Tyranny and Finance
30 Dec 2009, 1:06 am
Intermediate Macroeconomics: Teaching Business Cycles
30 Dec 2009, 1:06 am
The Right to Work
29 Dec 2009, 3:18 am
Sticking to the Official Narrative
29 Dec 2009, 2:12 am
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Ludwig von Mises Institute

Ludwig von Mises Institute TIME magazine defends the Fed by falling into the Keynesian fallacies

curiouscapitalist.blogs.time.com
After being urging to do so by several readers, I finally read Ron Paul's End the Fed. I was about to buy it for the Kindle I got for Christmas, but when I got to work Monday morning there was a package in my mailbox from Gary Howard at Paul's Campaign for Liberty with two copies of the book.
Ludwig von Mises Institute

Ludwig von Mises Institute "... the "deregulation" of the savings and loan system in particular and financial services in general expanded the moral hazard that is built into a fractional-reserve system. For all of the talk that the banking system needs to be re-regulated, one cannot have a wide-open financial system and a government backstop th...at keeps financial institutions from experiencing the full force of bad investment decisions."

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mises.org
In a politicized society, it seems to me that the true believers really don't have conversations as much as they deliver monologues of talking points. For example, a colleague of mine recently told me ...
David
David
Eric, why do you discriminate against my close friend who lives in Mexico? Why do you wish to impose the state on him? He should not be getting welfare or free schooling from the government, but NEITHER should domestic residents.

The problem isn't the immigration it's the government.
9 hours ago
Eric Monypenny
Eric Monypenny
@ James: I agree that the same rationale should be applied to insiders as well; I also think that there are, inherently, not too many differences among people of different nationalities - it's more like a learned behavior, a national ethos developed over time that contributes to the betterment of said nation - like for instance Western culture( and... See More for me a splash of eastern philosophy is pretty cool :-)). Other developed western-type nations(New Zealand, Canada,Germany) have standards for immigration,i.e., sponsors, educational level, certification/training for specific work fields, legal agreements entered into not to become aid-dependent, etc. - Why can't we?
@ David: I never mentioned Mexico once in my posts - you probably surmised it. Your home state of California is in HUGE trouble fiscally, politically, socially, etc. and one of the biggest reasons (if not THE biggest ) is unchecked immigration, legal and illegal, I would say. I do not for an instant believe that all illegal immigrants and their children are going purchase and move into a house they cannot pay for and then walk away from(thank you Chris Dodd and Barney Frank), drop out of school, join a gang, commit crimes, and have children in public hospitals funded by tax dollars(and that they are not obliged to pay the bill)and aren't capable of affording or caring for without government assistance- but statistics are darned things and kind of bear witness to most peoples suspicions. And now that California is in the bind it is - a lot of political liberals are reading the tea-leaves quite accurately and moving to Colorado, N.M., Arizona and other states- bringing with them their failed philosophy of governance and voting the same mind-set and consequentially turning them purple to eventually blue.
The employers of illegal immigrants are under no obligation to pay them the going-rate wages for their labor, nor any kind of medical benefits for the often back-breaking work they perform. They are disposable workers, who are then heaped upon the taxpayer for their care and welfare. "If men were angels, there would be no need for government" - but that is not the case. It is for the cheap labor that companies are doing this and not some altruistic reasoning as is sometimes platitudinally posed. JMO :-)
7 hours ago
Ludwig von Mises Institute

Ludwig von Mises Institute "And yet, I would like to offer a contrary view — but not in the form of a big theory. Rather, consider some cases of cultural entrepreneurship that made a real difference by the same means through which every innovation comes about: risk taking, hard work, and marketing."

mises.org
The culture is going to hell in a handbag, we've been told for hundreds of years, and the free market gets a large share of the blame. The observation stretches from Left to Right and everywhere in between. ...
Ludwig von Mises Institute

Ludwig von Mises Institute It's so wonderful to have pieces like this unlocked from the IP prison. You are reading this thanks to long negotiations, but, in any case, here is Rothbard from the last years doing exceptional work.

mises.org
[This article is excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith.]
Ludwig von Mises Institute

Ludwig von Mises Institute "ADM's CEO, Andreas, doesn't seem to view our capitalist society through the same lens as most others. In one interview, he said, "There isn't one grain of anything in the world that is sold in a free market. Not one! The only place you see a free market is in the speeches of politicians. People who are not in the Midw...est do not understand that this is a socialist country.""

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mises.org
According to a recent Congressional Budget Office report, the increased use of ethanol is responsible for a rise in food prices of approximately 10 to 15 percent.
Sergi Yavorski
Sergi Yavorski
This is crazy. I gotta check this.
December 25 at 12:53pm
Todd Keller U.E.
Todd Keller U.E.
Fact: An internal combustion engine requires double the amount of alcohol as fuel, compared with gasoline as fuel. Need proof? Ask the good folks over at the NHRA. (Top Fuel Drag Racing)
December 26 at 1:38pm
Ludwig von Mises Institute

Ludwig von Mises Institute "Banks whose executives served on Federal Reserve boards were more
likely to receive government bailout funds from the Troubled Asset
Relief Program, according to the study from Ran Duchin and Denis
Sosyura, professors at the University of Michigan's Ross School of
Business."

globaleconomicanalysis.blogspot.com
U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday.Banks whose executives served on Federal Reserve boards were more ...
Rod
Rod
Not at all....it is Central Planning, political connections; free enterprise is long gone ....and has been for number of years

Our corporations actually like the system....political connections instead of being most efficient or profitable.

New levels of power is being established with the large corporations and the government. The government is obtaining lots of support from these Corporations. It is good business....easy money from the bail outs / hand outs from the taxpayer. ... See More
December 23 at 3:00pm
Buster Swanson
Buster Swanson
@Steven, excellent summary. My only gripe from a pragmatic perspective is how is the common defense and other"necessary externalities" is addressed without the aggregation of power (meaning, as always the confiscation of some individual liberty), and how is such power checked in this situation as it drifts towards its inevitable desire for more?
December 23 at 8:16pm
Ludwig von Mises Institute

Ludwig von Mises Institute "If you don't think heavy regulation, elephantine bureaucracies, union rule and runaway spending amount to poison for an economy, take a gander at what decades of such socialist policies have done to Greece."

www.investors.com
The whole crisis has a perfectly logical basis: Greece's budget deficit is more than four times higher than the European Union's 3% ceiling and stands at 12.7% of GDP. Its gross debt, at 112% of GDP, indicates it has more debt than productive output. And its socialist government has no credible plan...
Richard
Richard
Someone should write a book entitled, "Deflate the State."
December 22 at 12:57pm
Ben Israel
Ben Israel
@Richard

LOL
December 22 at 4:56pm
Ludwig von Mises Institute

Ludwig von Mises Institute Mini-portraits of the temperaments of three famed Austrians.

mises.org
Digital media — particularly "social" media like forums, wikis, blogs, and tweets — have forced all people, including intellectuals, to engage each other as never before in human history.
Richard
Richard
Just to be clear, the "gold standard" is a standard for PAPER DOLLARS to be converted at a fixed exchange rate into gold, not a standard for gold itself. The only "standard" for gold might be "99.999% pure" or something like that. Gold is just a commodity with a use value of its own (i.e. not a "store of value" like paper dollars are). "Money" ... See Moreis anything that people use as an intermediate exchange item to simplify the exchange of the wealth they produce for the wealth (food, clothing, etc.) that they desire. You could use lumber, water, or apples (or any commodity) as money in a "real" money system, but gold is durable, easy to subdivide, and has a high enough value on its own that makes it easy for one person to carry a lot of "value" conveniently. The real argument about going back to a "gold standard" is about adopting a "real" money with intrinsic value that can't be easily manipulated and that can't be easily stolen from you in the form of inflation or currency devaluation.
December 20 at 11:52pm
Michael Calvano
Michael Calvano
We demand a commodity based monetary system!!!
December 21 at 8:18am
Ludwig von Mises Institute

Ludwig von Mises Institute “On economic matters, he was seen as a way outside the mainstream,” University of Houston political scientist Richard Murray said. “His views were somewhat 19th century in the view of a lot of economists.” Well, they say history repeats itself, and suddenly Paul's “19th-century” thinking seems appealing to those suffer...ing through the first economic meltdown of the 21st century.

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www.chron.com
Ron Paul has been brought to prominence by his long-standing opposition to the nation's monetary system and the Federal Reserve Board that prints money and controls its supply.
Terry
Terry
As a former Pittsburgher, I enjoyed Ron Paul's speeches long before he was cool. He's a solid guy who makes a lot more sense than the "establishment" politicians who foisted tons of expensive government "stimulus" programs on Pittsburgh. I could give you a virtual tour of the damage done by politicians in the name of "helping" Pittsburgh.
December 23 at 3:06pm
Richie
Richie
@Michael Vogt : You have it 100% right on earmarks.
It's the spending not the earmarks. If you take out the earmarks it gives the Executive branch full authority on how to implement spending
December 24 at 8:28am
Ludwig von Mises Institute

Ludwig von Mises Institute "Kennan may have been the first to realize that a society based on
Communism would not survive politically, but it was Ludwig von Mises,
in his 1922 work Socialism, who demonstrated that any such society could not survive economically."

Pierre
Pierre
Why did "socialism" a/k/a state capitalism last 60 years after Mises predicted it would fail?

Seems like a pretty bad call to me.

I'm going to try beat Mises;... See More

I predict there will be a recession in 60 years.

There, can you write an article about me now?
December 21 at 1:30am
Terry
Terry
The solution to this mess is going to be inherently individualistic: withdraw from government schools, defend yourself and your loved ones, depend on yourself and your voluntary community associations for a financial "safety net." Make the government irrelevant, and it will wither away.
December 23 at 3:08pm
Ludwig von Mises Institute

Ludwig von Mises Institute Faith and hope, that's what fractionalized banking is all about: faith that not everyone shows up for their money all at once and hope that the bank's loans are always paid back. ~Doug French

December 14 at 7:59am
Ludwig von Mises Institute

Ludwig von Mises Institute Great interview with Jim Rodgers. They talk about investing, gold, commodities, abolishing the Fed, etc.

www.youtube.com
Jim Rogers having a chat with Maria on CNBC http://www.allthingsjimrogers.com/
Don
Don
Good comments from Jim Rogers. He's pointed out before that, in the entire recorded history of mankind on this earth, there has never been a baseless fiat currency that has long survived.
December 13 at 1:56pm
David Batson
David Batson
Tucker, you can evade reality. But you cannot evade the consequences of evading reality.
December 14 at 1:38am
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