Mises

Archive for Mises

Learning From Brad DeLong and Paul Krugman

[UPDATE below.] Rather than have a long series of posts discussing the fallout from my (price) inflation bet with David R. Henderson, I decided to do one comprehensive reply to Brad DeLong and Paul Krugman. I had toyed with not even responding, but two things ruled that out: (1) This isn’t a case of two […]

Money Is a Spontaneous Order Not a Social Contrivance

Everybody has been talking about this “is money a bubble?” controversy. (Nick Rowe, in addition to being awesome on OLG apple models, is also good at linking everybody in this debate.) I want to make two main points: (1) This isn’t even about fiat money per se. Even if we’re talking about gold, once it […]

Admission of Error Is a Rarity in the Geeconosphere

[UPDATE: I swapped out one of the arguments in light of re-reading Glasner and realizing I misunderstood one of his defenses.] Consider the following hypothetical argument: DAVIE: Man, that George Lucas doesn’t have anything to teach us about redemption. If you watch his classic Star Wars movies, he offers a warning about people succumbing to […]

David Glasner Needs to Re-Read Mises

The mischievous von Pepe dangled a recent post by David Glasner in front of me. Glasner writes: [T]he notion of unsustainability [in Austrian business cycle theory] is itself unsustainable, or at the very least greatly exaggerated and misleading. Why must the credit expansion that produced the interest-rate distortion or the price bubble come to an […]

Amanda BillyRock Goes to University…Mises University

I’m still trying to get my right audio channel to work, and she apparently has the ability to speed up time itself in her videos:

The Fatal Conceit

[UPDATE below.] The title of this post refers, of course, to Hayek’s warning about really smart guys thinking they understand a complex system well enough to start tinkering with it. Nick Rowe has had the generosity (and intrepidity) to hang out in the comments of my post criticizing his optimism over QE3. He told me […]

I Hear a Train a Comin, It’s Comin Down the Tracks

Sorry everyone but I am working through some major deadlines and won’t be able to blog much, at least through mid-September. (However, if you just can’t stand it, find me on Facebook, as Robert P. Murphy who lives in Nashville. That’s where I go when I have a lot of work to be done and […]

Mises on “We Owe the Debt to Ourselves”

Wow, did I blog about this back when we had the fall of Western civilization? Anyway Mises–in a footnote of course–could have saved all of us a month of hassle: The most popular of these doctrines is crystallized in the phrase: A public debt is no burden because we owe it to ourselves. If this […]