Central bankers such as those of the European Union and China have accepted the blame for the recent ballooning of their own real estate markets and have taken measures to slow it down. But the American Fed is loathe to do so “without further examination of the data.” It is no surprise that in self defense they have published research on the
I never thought I’d agree with a Marxist. While researching Prime Minister Blair’s Third Way, I fell upon a critique written by Barbara Humphries on marxist.com. She says: “The Third Way (if there is such a thing) has no solution to what is a fundamental inability of the capitalist system to ensure prosperity and security for working people.” Even
“Socialism has stopped its march.” Or so declares David Brooks in his Sunday Times article . In reading that, I wondered what Mises, were he alive today, would say about the matter. When I read on further in Mr. Brooks’s article, I realized that, like our friend the Alien, it has never really died, but has simply taken up disguised residence
The dollar has again hit a new low in recent weeks on the international currency exchange. The blame is falling from most sectors of public opinion on our legislature, with its debit spending at an all-time high. A few say that the Federal Reserve (FR) could do something about it, but they deny it. Greenspan himself, in his recent conference in
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.