Mises

Author: Frank Shostak, Mises.org It is widely believed that the resources that in normal times are used to generate economic prosperity are not used to their full capacity during recessions. Some experts argue that what is needed in such situations are policies that will increase the availability of credit …

Ludwig von Mises, original title in English: "Lord Keynes and Say's law" I Lord Keynes's main contribution to economic thought lies not in the development of new ideas, but in the "escape from the old", as he declares at the end of the preface to his "General Theory". Keynesians tell us that his famous ...

Chapter II. You can see the front parts HERE and HERE How did the Austrian School of Economics originate? In order to more fully and comprehensively understand the contribution of the "Austrians" to economic science, we need to briefly familiarize ourselves with the origin and evolution of their ideas, with the important names in history, and with the result of ...

The Natural Rights of Man and the Limits of Government Patrick Baron In The Law, Frédéric Bastiat presents the irrefutable maxim that human rights precede the formation of the state and, therefore, the collective actions of rulers cannot conflict with these primary rights. According to Bastiat, one can delegate to the state only those …

Investors, libertarians and computer enthusiasts have a new topic to discuss and it is Bitcoin. The popularity of the online currency is growing in direct proportion to its price, which has quadrupled in two months. It is difficult to remain indifferent to what is happening, and that is why some, with undisguised optimism, see Bitcoin as the money of …