There’s now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros . Original Article: “ The Fed Is Doing “Whatever It
Professor Peter Klein from Baylor University joins the show to discuss Part Six of Human Action , where Mises presents his exposition of interventionism in all its manifestations. Mises breaks socialism down into Soviet and German versions; the first purely bureaucratic (state ownership) and the second nominally private but state-directed. He
The new government powers sold as “temporary” and “emergency measures” are likely to endure long after the end of the current crisis. Politicians and pundits will insist “we” need these powers to be permanent so that governments can address future crises by centrally planning the production and the use of resources. From the 2020 Supporters
We’re building a bridge from Austrian theory to its application in business. This can help us gain a greater understanding of the merits of Austrian economics. Presented at the historic Jekyll Island Club Resort on Jekyll Island, Georgia, on 9 October 2020. For more information on the Economics for Business program, visit Econ4Business.com
In an emergency meeting yesterday, the Fed announced a new set of measures designed to combat the negative supply and demand shocks anticipated from COVID-19. The target for the benchmark federal funds rate (the rate at which commercial banks lend to each other) was cut to 0–0.25 percent and the discount window (the interest rate at which the Fed
Remember the Golden Age of Laissez-Faire, the grand epoch brought to a tragic end by the COVID-19 crisis, which laid bare its failures for all to see? Me neither. And yet the New Narrative is already being written. “ The Era of Small Government Is Over ,” writes Jamelle Bouie in the New York Times. US federal, state, and local government spending
Joe’s excellent critique of “state capacity libertarianism” picks up on something I also noticed when reading Tyler Cowen’s piece. As Joe puts it, Cowen’s ideal state is “a nonmarginal actor whose task is to achieve certain collective outcomes intuited by Cowen or some other political philosopher.” Cowen provides a laundry list of societal
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.