Ludwig von Mises Institute

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Mises Daily : Mises Institute on Austrian Economics and Libertarianism
Updated: 1 hour 45 min ago

Drowning in a Liquidity Trap?

24 May, 2013 - 06:00

Bruce Bartlett recently lamented that given the current state of economic affairs we need more Keynesian medicine to fix the US economy. According to Bartlett, the core insight of Keynesian economics is that there are very special economic circumstances, called “liquidity traps” in which the general rules of economics don’t apply and are in fact counterproductive.

A Deadlier Disaster for the Third World: Unemployment

22 May, 2013 - 06:00

While we may denounce the owner for criminal negligence, it is absurd to denounce him for seeking profit.

Martial Law vs. Market Law: Reflections on Boston

22 May, 2013 - 06:00

If law enforcement were to be governed by contractual principles, no one would need to fear that they were letting bulls into a china shop.

A Virtual Weimar: Hyperinflation in a Video Game World

21 May, 2013 - 06:00

If historical cases of hyperinflation — real, and virtual — have one thing in common, it is the instinct among its victims to blame the symptoms rather than the disease.

Regulating Banks the Austrian Way

20 May, 2013 - 06:00

By ending this legal privilege, we eliminate the ability for banks to grow to such inordinate sizes.

The History of Our Movement

17 May, 2013 - 06:00

Raico describes their hilarious attempt to meet Mises, in the guise of door-to-door salesmen.

FDR: Sowing the Seeds of Chaos

16 May, 2013 - 06:00

FDR locked in a destructive worldwide régime of economic nationalism that eventually led to war.

Prohibition Caused the Greatness of Gatsby

15 May, 2013 - 06:00

The Great Gatsby is a testament to how the Jay Gatsbys of the world can reach the stars with the help of government prohibition.

Stable Prices, Unstable Markets

14 May, 2013 - 06:00

Fed policy makers are telling us that they have to stabilize the price level in order to allow the efficient functioning of the market: a contradiction in terms.

‘Real’ Reinforcement for Austrian Arguments

13 May, 2013 - 06:00

Some of the results developed by RBC proponents, can reinforce the claims made by Austrian business cycle theorists.

The European Miracle

10 May, 2013 - 06:00

It was in Europe — and the extensions of Europe, above all, America — that human beings first achieved per capita economic growth over a long period of time.

Lucy is Right: Insurance Should Be a Nickel

9 May, 2013 - 06:00

Lucy's proposition that, “insurance should be a nickel,” makes perfect sense.

Everything You Were Never Taught About “The Great Emancipator”

9 May, 2013 - 06:00

Did Lincoln lead America through its greatest crises – or cause them?

The Truth About Economic Forecasting

8 May, 2013 - 06:00

Astrologers, palmists, and crystal-ball gazers are scorned while professional economists are heralded for their scientific achievements.

The Hoover-Roosevelt Depression Revisited

7 May, 2013 - 06:00

This extensive work supplements and verifies Rothbard’s arguments in America's Great Depression and extends the analysis to the Roosevelt New Deal era.

A Publishing Atrocity

6 May, 2013 - 06:00

"The present management of the Press regrets for political reasons the fact that their predecessors published my books."

The Essence of Society Is Peacemaking

3 May, 2013 - 06:00

Peace and not war is the father of all things. Peace builds; war destroys.

Two Sides of the Same Debased Coin

2 May, 2013 - 06:00

Crony capitalism and Keynesianism are just two sides of the same debased coin.

American Exceptionalism: From Gettysburg to Damascus

1 May, 2013 - 06:00

Tthe American government has transformed itself from “humanitarians with a guillotine” to “humanitarians with weapons of mass murder and destruction.”

Is Pot too Potent to Legalize?

30 April, 2013 - 06:00

Prohibition encourages suppliers to concentrate the product to make it smaller and thus more potent. In this manner you get “more bang for the buck.”