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Posts Tagged ‘Ludwig von Mises’

On the August 2, 2014 episode of Exposing Faux Capitalism with Jason Erb, I discussed:

More analysis of The Gold Standard: Perspectives in the Austrian School (pp. 20-25), with Rothbard’s critique of a basket of currencies, bi-metallic standard and case for a single commodity gold standard.

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Lew RockwellFrom this January 25, 2014 New York Times hit piece against Rand Paul and Mises Institute associates, Lew Rockwell told a New York Times reporter who requested a tour of the Mises Institute campus that he’s “part of the regime“, yet Lew Rockwell himself is the Chairman of a government-sanctioned and government-regulated institution, the 501(c)(3) tax-exempt Ludwig von Mises Institute.

Despite the claim that tax money is better off in the hands of its donors, and the analogy given by Rockwell and other anarcho-capitalists that it is valid and even a moral duty for an individual to seek to pay as little taxes as possible, it doesn’t hold in the case of the Mises Institute, since it was created by Lew Rockwell and others voluntarily entering into an agreement with government, whereas individuals are being taxed on the basis of their very natural existence.

For a close examination of Lew Rockwell’s anti-state credentials, see my articles:

1) 10 questions for Lew Rockwell

2) Lew Rockwell entered into a voluntary agreement with the same government he regards as “far worse than the mafia.”

3) The Ludwig von Mises Institute hates government so much, they’re a government-sanctioned and regulated tax-exempt organization.

4) Austrian economics is big business: The Mises Institute’s $22 million war chest

5) Self-described anti-state LewRockwell.com regularly posting state media articles by Russia Today

6) Lew Rockwell promotes the government-granted privilege of concealed-carry more than the natural right of open carry

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War chestAccording to the Ludwig von Mises Institute’s 2012 IRS 501(c)(3) tax-exempt filing, it reported a total of $22,268,915 in assets.

We see then, how the promotion of Austrian economics is big business, and why its associates and founder, Lew Rockwell, are limited in what positions they will take on certain issues.

For example, Lew Rockwell and Tom Woods, if they even bother addressing it, still promote the official government conspiracy theory that 19 Arab-Muslim hijackers pulled off 9/11, despite the evidence put forward by some brave, but few, true anarcho-capitalists like Nathan Fraser of Live Free FM, or Onebornfree.

It is for this reason that Anthony Migchels, a true monetary reformer, pointed out that the Truth Movement was co-opted by the End the Fed movement, led prominently by Austrian School supporters, and that Tom Woods, specifically, has been at the forefront, in claiming to be anti-government, yet steering clear of truly controversial issues that would affect their lucrative business operations.

For those who still don’t realize the significance of an organization whose ideology is anti-government specifically seeking government recognition and regulation, let me explain it.

It’s not, as someone said in another thread, comparable to an individual American doing anything he or she can to reduce his/her taxes.

Unlike the Mises Institute, the average American taxpayer is being directly taxed whether they consent or not.

The Mises Institute, on the other hand, specifically entered into a voluntary agreement with the very government its founder said is “far worse than the mafia”.

Another excuse is the red herring of which of us hasn’t taken government services, which again, fails to recognize the distinction between the acceptance of goods and services provided by force and coercion, and voluntarily entering into a legally-binding contract with government, thereby accepting its authority.

Yet, I expect most defenders of the Mises Institute not to see any problems with this, which is a reason why the Austrian School will continue to serve as controlled opposition.

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On the February 17, 2013 episode of Exposing Faux Capitalism, I covered the following issues, among others:

What Gary Franchi’s Next News Network won’t be covering, Lew Rockwell “banned” this Paul Craig Roberts article, the not-so strange bedfellows of Mises and Marx, the primary purpose of money as a medium of exchange, and Austrian economics no alternative.

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Doug NewberryI was interviewed by Doug Newberry of Crisis of Reality on January 24, 2013.

Here is the video, and here is the video of my January 9 appearance.

In my most recent interview, I discussed the false choice between Keynesian and Austrian economics, how Alex Jones is to his audience what Rush Limbaugh was to his audience back in the 1980s, the strange bedfellows of Karl Marx and Ayn Rand, how the banksters are using the dialectic of non-commodity money vs. a so-called free market gold standard to arrive at their government-guaranteed gold standard, and how Marx, Keynes, Rand, Greenspan and Mises don’t implicate the parasitic usurer, despite some of them being seemingly opposed to each other on many issues.

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English: Cover of the 2011 edition of The Aust...

The impression given by the 501(c)(3) tax-exempt Ludwig von Mises Institute that claims to hate government so much is that the Austrian School of economics has all the answers for what ails us, economically.

But what do we find with a little digging into what prominent Austrian School economists and devotees themselves say?

From the February 21, 2010 Daily Bell interview with Lew Rockwell (emphasis mine):

Daily Bell: Is the logical outcome of Austrian economics the disappearance of the state?

Rockwell: Mises didn’t think so; neither did Hazlitt. Sudha Shenoy argues that of all the people who entertained the possibility of society without a state in that generation, Hayek comes closest to embodying the anarchistic temperament. In any case, the man who made the real difference in the Austrian School in this regard is Rothbard. It was he who pushed the theoretical apparatus “over the edge,” so to speak. Hardly any modern Austrian today is not an anarchist. This is also thanks to Rothbardians such as Walter Block, Hans-Hermann Hoppe, and David Gordon, of course. At one time Rothbard was denounced for his views, for having allegedly marginalized the School. Now, of course, his anarchism is probably the largest part of the legacy he left for the world. It is very appealing to young people, unlike the statism of regime economists.

Rockwell: Rothbard condemned patents but not copyrights. Mises and Machlup saw patents as government grants of monopoly, but neither condemned them outright. Hayek was against copyrights and patents, but didn’t write about them much. It is digital media that have brought the issue into focus. The key thinker here is Stephan Kinsella. He and Jeffrey Tucker have done the heavy lifting and convinced most all of us that intellectual property is an artifice that has no place in a market economy.

What an interesting admission, that Mises apparently didn’t hate the state enough — compared to Murray Rothbard — in not actually condemning particular government grants of monopoly.

For more on disagreements and misunderstandings among Austrian School economists and devotees, see my articles:

1) Austrian School economist George A. Selgin pointed out a flaw in von Mises’ case for a gold standard

2) Gary North, before correcting Ellen Brown’s mistakes, correct your own

3) Dr. Walter Block calls Gary North out on yet more mistakes!

4) Mises devotees don’t know that Mises said inflation isn’t a tax

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speaking at CPAC in Washington D.C. on Februar...

In his August 23, 2012 LewRockwell.com article, Max Keiser: Ludwig von Mises Is a Fake Austrian Economist, Austrian School supporter Tom Woods states:

Now returning to Jaitly: “Gold does not have intrinsic value per se. It has value because it satisfies human ends…. It doesn’t have value in and of itself.”

This is certainly true, but any knowledgeable libertarian, and certainly any Austrian economist one might name, already knows this.

Woods is not alone among Austrian School supporters in this view, with fellow Mises devotee Gary North admitting as recently as March 2011 that “[g]old has intrinsic properties that make it valuable. However, it does not have intrinsic value.

Now, if only both of them would kindly inform patriot radio gold dealers the same, so they don’t keep repeating the same misinformation during their commercials and appearances on questionable shows like Coast to Coast AM.

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