Archive for September 2013

Walter Block: Tenets of Libertarianism & more!

Here I reveal the two most important tenets of Libertarian thought, I also show how to see things through the prism of Libertarianism. Is government campatible with Libertarianism? Is it necessarily a violator of Libertarian principles and finally is The United States like a club? I explain this and more here!

Mises Daily Thursday: ‘The Walking Dead’ and a Refuge from the Modern State

zombiePaul Cantor’s series on the economics of the Zombie apocalypse continues with his analysis of the hit show The Walking Dead:

The Walking Dead suggests that government and other modern institutions connected to it do not offer solutions to catastrophic problems but in fact only exacerbate them. It offers a number of horrifying scenes in hospitals, revealing the savage battles that took place between zombies and military forces (unlike the C.D.C.’s zombie comic book, The Walking Dead does not balk at showing the government using force against its citizens). Supposedly the sites where the zombie infection might be cured or at least contained, hospitals turned out to be a means of spreading the plague among concentrated populations. As articulated in the television series and even more clearly in the earlier comic book version, the main government strategy for dealing with the plague was to concentrate people in major cities such as Atlanta, where, it was hoped, they could be protected more easily by civilian and military authorities. Many of the characters were lured into Atlanta by the promise of safety in numbers, only to find to their dismay that it was the zombies whose numbers prevailed in urban conflict. Government central planning came up with the centralization of the population as the solution to the problem—concentrate people and fix them within a supposedly defensible perimeter. But in The Walking Dead this standard operating procedure of governments backfires and only makes it easier for the ever-increasing horde of zombies to prey upon the remaining humans.

 

Yuri Maltsev Explains the Tea Party

Layout 1Co-authored with Roman Skaskiw, Senior Fellow Yuri Maltsev’s new book The Tea Party Explained: From Crisis to Crusade is, according to the publisher:

aimed at the intrigued and curious reader who wants to find out more about this unique phenomenon. The book gives a well-documented account of the Tea Party, its origins, its evolution, the bitter squabbles over its direction, its amazing successes in 2010, and its electoral rebuff in 2012. Maltsev and Skaskiw analyze the demographics of the Tea Party, the many organizations which have tried to represent, appropriate, or infiltrate the movement, and the ideological divisions in its ranks.

‘Reassessing the Presidency’ now an eBook

EBOKB284Reassessing the Presidency, an 825-page collection of essays from top scholars in the Austrian tradition, is a groundbreaking work that demolishes the court historians’ case for endless president-worship.

We’re happy to announce that the book is now available as an ebook in the Mises Store. eBooks_banner

New Mises View: Peter Klein Explains Blackberry’s Fall, Monopolies, and the State

In our latest video for The Mises View, Peter G. Klein discusses the demise of Blackberry and how the market, not regulators, should pick technology winners and losers.

Leonard Read on Liberty vs. Utopia

6541Writes Gary Galles in Wednesday’s Mises Daily:

Read saw that liberty’s defenders must face the fact that markets are amoral servants which enable people to do whatever they want better. They cannot be relied upon with certainty to only do good and inspirational things. But whenever they enable doing ill, they only reflect the desires individuals have. If we reformed ourselves, markets could do no harm. In contrast, coercively “reforming” ourselves by law does not eliminate the cause of such harm and so does little to actually stop it. Moreover, the restrictions on markets adopted in the process throw out the amoral servant that allows us to accomplish greater good than achievable via any other known means.

 

Podcast with Peter Klein: How Online Learning Threatens Traditional Universities

Daniel J. Sanchez interviews Peter G. Klein, Executive Director and Carl Menger Research Fellow at the Mises Institute, about the history of higher education and the prospects for online and market-based education, which are the topics of his recent Lewrockwell.com article “Universities to MOOCs: We Will Assimilate You” (“MOOC” stands for Massively Open Online Course.), reprinted at the Mises Academy blog (academy.mises.org/blog/)

New In Our Store: Ron Paul’s New Book

Ron Paul’s new book, The School Revolution: A New Answer for Our Broken Education System, is now available in the Mises Store along side another recent edition: the Ron Paul poster.

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David Gordon on the True Nature of Our Economic System

6540In his latest book review for Mises Daily, David Gordon reviews hunter Lewis’s new book on crony capitalism:

The result of this governmental takeover of the economy has predictably been dire. “Many of the new mega rich of the 1990s and 2000s got their wealth through their government connections. Or by understanding how government worked. This was especially apparent on Wall Street. … This was all the more regrettable because, in a crony capitalist system, the huge gains of the few really do come at the expense of the many. There was an irony here. Perhaps Marx had been right all along. It was just that he was describing a crony capitalist, not a free price system, and his most devoted followers set up a system in the Soviet Union that was cronyist to the core.” (p. 17)

Spitznagel on Austrian Economics-Inspired Investing

The New York Times online today profiles Mark Spitznagel, author of The Dao of Capital: Austrian Investing in a Distorted World:

Still, Mr. Spitznagel’s approach is unusual for a money manager. To invest with him, you have to believe in a philosophy that is grounded in the Austrian school of economics (which originated in the late 19th century in Vienna). The Austrian school does not like government to meddle with any part of the economy: when it does, adherents argue, market distortions abound, creating opportunities for investors who can see them.

When those distortions are present, Austrian-school investors will position themselves to wait out any artificial effect on the market, ready to take advantage when prices readjust.

In Mr. Spitznagel’s recently published book, “The Dao of Capital,” he applies this approach and his Austrian grounding to Chinese Daoist thought — the art of taking a circuitous path to an endpoint. Or, as Mr. Spitznagel says, “Learn to invest in loss.”