[Newsweek column from May 9, 1949, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] We are now being told that our prosperity has been kept going in the last few years by our huge government spending, particularly on armaments and foreign aid. Any decline in this spending, we are now warned, would bring a recession. We are
[Newsweek column from September 22, 1947, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. Lenin was certainly right. The process engages all the hidden forces of economic law on the side of destruction, and does it in
[Newsweek columns from September 3, 10, 17, 24, and October 1, 1951, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] Inflation for Beginners—I No subject is so much discussed today—or so little understood—as inflation. The politicians in Washington talk of it as if it were some horrible visitation from without, over which they
Murray Rothbard has put us all in his debt not only by his long, masterly textbook, Man, Economy and State and other volumes, but by his no less masterly pamphlets, particularly his model of reasoning and exposition, What Has Government Done to Our Money? He puts us further in his debt by this new pamphlet. We live in an era of unparalleled
Representatives of the governments of the ten most powerful industrial nations (outside the Communist bloc) have begun a study of the world’s monetary systems. Such a study is long overdue. Yet the prospects that it will result in a real improvement are not bright. On the contrary, the most influential governments are pushing for an increase in
In his classic little history of fiat money inflation in the French Revolution, Andrew D. White points out that the more evident the evil consequences of inflation became, the more rabid became the demands for still more inflation to cure them. Today, as inflation increases, apologists emerge to suggest that, after all, inflation may be a very
[Artículo de Newsweek del 9 de mayo de 1949 y reimpreso en Business Tides: The Newsweek Era of Henry Hazlitt ] Ahora se nos dice que nuestra prosperidad se ha mantenido en los últimos años por nuestro enorme gasto público, especialmente en armamentos y ayuda externa. Cualquier disminución en este gasto, se nos advierte ahora, traería una recesión.
[Artículos de Newsweek del 3, 10, 17 y 27 de septiembre y 1 de octubre de 1951 y reimpresos en Business Tides: The Newsweek Era of Henry Hazlitt ] Inflación para principiantes—I Ningún tema se comenta tanto hoy (o se entiende tampoco) como la inflación. Los políticos de Washington hablan de ella como si fuera alguna horrible aparición del
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.