“We must not risk another disappointment in the stock market or the economy. That would be devastating. Mr. Greenspan and all his little maestros need to pour it on. This is no time to take chances. Add more money. Do whatever it takes to get America humming again. Supply-side tax cuts set the stage for strong economic growth. But it’s up to the
“Given all this, finding Austrian economics and libertarian theory (about four years after my visit to Dachau) had great meaning for me,” writes Stephen W. Carson . “I began to see the order in the seeming chaos of society. I began to see the beautiful ways in which society could yield harmony, peacefully navigate through conflict and even improve
“In its increasingly desperate attempts to steer the US economy away from deflation, the Federal Reserve Board is blatantly encouraging increased leverage and speculation. Having almost exhausted the potential to cut short-term interest rates, the Fed’s focus is now on flattening the yield curve by pushing down long-term rates. The Fed’s strategy
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.