Toluu

Mises Institute Daily Articles

Daily Articles from The Mises Institute on Austrian Economics and Libertarianism

A Golden Way Out of the Monetary FiascoToday

The government-controlled monetary regime — the most destructive force set into motion by state interventionism — has finally been blown to pieces. This is the message conveyed by the monetary fiasco in global capital markets, typically referred to as the international credit crisis. However, politicians and central bankers the world over are taking great efforts to hide this truth and its full consequences.

Is There Such a Thing as Austrian Investing?Today

Equity markets have collapsed in value, bond yields are off, real-estate markets are (in many places) in a state of disarray, monetary devaluation through government inflation is a constant dilemma, bailouts occur weekly, and wars and rumors of wars seem to lurk in the distance. Investing of any sort is enough to make one's stomach turn in times such as these. The hole in the backyard and that spot between the mattresses keeps looking better and better.

Book Review: The Case Against AdolescenceToday

In a very provocative new book, The Case Against Adolescence: Rediscovering the Adult in Every Teen, psychologist Robert Epstein contends that when mammals reach puberty, they function as adults — except in America that is. Starting a hundred years ago, Americans gradually increased the age of adulthood to what many Americans now believe to be 26. You've heard, "30 is the new 20," and "50 is the new 30." Soon we will all be kids again.

Why Congress Must Stop the Fed's Massive PumpingYesterday

If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago. Real economic growth requires real savings to fund various activities that support and promote it. (Remember that money is just a medium of exchange and cannot grow anything. Money is employed to exchange goods of one wealth generator for the goods of another wealth generator.)

Economic Crisis and Paradigm ShiftYesterday

The current global financial crisis, described in an incomplete manner as the "subprime crisis," has shown, however, that neoclassical theories are not only descriptively false, but also completely incapable of predicting events. In contrast, the Austrian School's theories, as I will show, not only maintain their realistic approach but also have an important predictive power.