Austrian Economics
Contributor's Links: Mises Institute

The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human ... more

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Venezuela: Poster Child For Socialism
There is no more recent example of the many theoretically apparent pitfalls of socialism coming to life than in Venezuela.
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The Problem With Cutting Taxes Without Reducing Spending
According to many economic experts and commentators, an effective way to generate economic growth is through the lowering of taxes.
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Why Marx Loved Central Banks
The fiat money system, the creation of money through circulation credit expansion, has brought about a new kind of debt slavery on a grand scale.
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Government Spending Doesn't Create Economic Growth
The government is not a wealth generator, whenever it raises the pace of its outlays it has to lift the pace of the wealth diversion from the wealth-generating private sector.
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Will Policy Makers Turn A Global Economic Slowdown Into A Crisis?
The virtuous cycle of credit turns into a vicious cycle of unproductive debt when we incentivize malinvestment and prevent technology substitution by implementing massive government stimuli and liquidity injections.
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The Euro Shows That A Fiat Money System Is More Expensive Than We Thought
The traditional argument for fiduciary media and ultimately unbacked fiat money was based on the costs of production.
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Does China Have Enough Gold To Move Toward Hard Currency?
Were the Chinese to take a turn toward hard-money policies, it is hard to see how the US could match a sound-money plan from China.

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