Austrian economics

Hayek’s star on the rise, sometimes

Partly due to Glenn Beck's interest, a book and its ideas is receiving increased attention. F.A. Hayek is the author, and The Road to Serfdom is the book. Personally, I find the book difficult to read. An example of Hayek's writing is from the jacket notes prepared by the author himself: "The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialists promise us and which can be obtained only by relieving the individual at the same time of the necessity and of the power of choice: it must be…
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Primer on Mises and Austrian economics published

If you've heard of Ludwig von Mises and wondered why his ideas are important to freedom, here's a chance to easily and quickly gain understanding of this important thinker and the field of Austrian economics. Or if you've not heard of or read about Mises and Austrian economics, here's your chance. The Institute for Economic Affairs, a free-market think-tank based in London, has just published a short book titled Ludwig von Mises -- A Primer. The author is Eamonn Butler. Butler explains why Mises is important: "Ludwig von Mises was one of the greatest economists and political scientists of the…
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What kind of man was Ludwig von Mises?

What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big government until the day he died ... in 25 books, hundreds of articles, and more than 60 years of teaching. Mises's battles against Communists, Nazis, and other socialists, are featured in this film, as are his ideas of Liberty. Among his many accomplishments, Mises showed…
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Hayek vs. Keynes: the video

There's a video concerning some obscure but vitally important ideas in economics that's getting a lot of play on YouTube. Titled "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem, the video tells the story about two competing theories of how the world works -- the theories of John Maynard Keynes and Friedrich A. Hayek. The ideas of Keynes have been vastly more popular in mainstream economics and politics and are embraced by President Obama and his advisors. This, of course, doesn't necessarily mean that Keynes and his followers are correct. The video has been viewed nearly 700,000…
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Money, Banking and the Federal Reserve

Events over the last year have placed our nation's monetary system in focus. Or, at least it should be in sharp focus, as U.S. monetary policy and the Federal Reserve System bear much responsibility for the financial crisis and the accompanying recession. Few politicians, Ron Paul being one, are looking in the right places for the cause of the problem. His campaign to audit the Fed is a good first step. The problems with our system of money have been known for many years. This video, dating from 1996, produced by the Ludwig von Mises Institute, explains the problem and…
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80 Years Later: Parallels Between 1929 and 2009

Austrian economist Walter Block delivers a lecture that draws the parallels and differences between now and the Great Depression. Block lays blame for the current mess squarely on the Federal Reserve System. "Hoover was no free-enterpriser," Block says. Neither was George W. Bush, or Ronald Reagan, for that matter.
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What kind of man was Ludwig von Mises?

What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big government until the day he died ... in 25 books, hundreds of articles, and more than 60 years of teaching. Mises's battles against Communists, Nazis, and other socialists, are featured in this film, as are his ideas of Liberty. Among his many accomplishments, Mises showed…
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Articles of Interest

Obama's volunteer corps, Kansas cigarette taxes, U.S. Auto industry, Austrian economics The Rise of ObamaCorps (Americans for Limited Government) "Unless the Blue Dogs can muster enough support to halt Speaker Pelosi's march to madness, the American taxpayer will have to pony up another $5 billion for paid 'volunteers' (an oxymoron if there ever was one) to politically-oriented organizations, the aims of many of which they will invariably oppose." Study documents historic trend of decreased state tax revenues following cigarette tax increases "This study clearly shows that raising cigarette taxes simply drives Kansas consumers to other states to purchase tobacco products,"…
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