Новости за 18.08.2014

It is a hopeless task to interpret a symphony, a painting, or a novel. The interpreter at best tries to tell us something about his reaction to the work. He cannot tell us with certainty what the creator's meaning was or what other people may see in it, writes Ludwig von Mises (1881–1973).

This audio Mises Daily, excerpted from the audiobook version, is narrated by John Pruden.

Weighing in on the side of John Locke, not only on interest rates but also in a general and comprehensive vision of economic laissez-faire that even surpassed Locke, were two brothers, Dudley and Roger North, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

A man who is obliged to justify his handling of a matter in the eyes of other people often resorts to a pretext. As the motive of his deviation from the most suitable way of procedure he ascribes another reason than that which actually prompted him, writes Ludwig von Mises (1881–1973).

This audio Mises Daily, excerpted from the audiobook version, is narrated by John Pruden.

Like today's central bankers, John Law proposed to "supply the nation" with a sufficiency of money. The increased money was supposed to vivify trade and increase employment and production — the "employment" motif providing a nice proto-Keynesian touch, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

The environment determines the situation but not the response. To the same situation different modes of reacting are thinkable and feasible. Which one the actors choose depends on their individuality, writes Ludwig von Mises (1881–1973).

This audio Mises Daily, excerpted from the audiobook version, is narrated by John Pruden.

Charles, the third Viscount Townshend (1700–1764), has been shamefully neglected by virtually all historians of economic thought. He is virtually unknown and is often confused with his son of the same name, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

Julian Assange, through WikiLeaks, has made available to society a vast collection of information that undermines the state's legitimacy. Assange cracked the government's veil of benignity and brought into question the state's tactics. His website undermines its moral authority, writes Jonathan M. Finegold Catalan.

This audio Mises Daily is narrated by Steven Ng.

The honor of being called the "father of modern economics" belongs not to its usual recipient, Adam Smith, but to a gallicized Irish merchant, banker, and adventurer who wrote the first treatise on economics more than four decades before the publication of the Wealth of Nations, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

The first self-conscious school of economic thought developed in France shortly after the publication of Cantillon's Essai. They called themselves "the economists" but later came to be called the "physiocrats," after their prime politico-economical principle: physiocracy (the rule of nature), writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

The envy-driven masses do not care a whit for what the demagogues call the "bourgeois" concern for freedom of conscience, of thought, of the press, for habeas corpus, trial by jury, and all the rest. They long for the earthly paradise that the socialist leaders promise them, writes Ludwig von Mises (1881–1973).

This audio Mises Daily, excerpted from the audiobook version, is narrated by John Pruden.

Prohibition and the New Deal are alike in their professed intention. Both assumed the guise of disinterested benevolence towards the body politic. We are judged incapable of setting up an adequate social defense against vicious rum-sellers and malefactors of great wealth, writes Albert Jay Nock (1870–1945).

This audio Mises Daily is narrated by Donna Orlando.

In our times, a major reason, and perhaps the major reason, for the phenomenal progress of the ideas of liberty is the work of the Mises Institute. This is the infrastructure that gives rise to and supports all the rest. We need your help, writes Doug French.

This audio Mises Daily is narrated by Jeff Riggenbach.

It is certainly true that our age is full of conflicts which generate war. However, these conflicts do not spring from the operation of the unhampered market society. It is not capitalism that produces them but anticapitalistic policies, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

The 17th-century Dutch Protestant Hugo Grotius, deeply influenced by the late Spanish Scholastics, developed a theory of natural laws that he boldly declared was truly independent of the question of whether God had created them, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

In every country the socialists have become office seekers, aiming to get hold of the reins of government by parliamentary methods, and for no other purpose than to enjoy the prerogatives and perquisites of office, writes Frank Chodorov (1887–1966).

This audio Mises Daily is narrated by Ted Whelan.

A superficial observer of present-day ideologies could easily fail to recognize the prevailing bigotry of the molders of public opinion and the machinations that render inaudible the voice of dissenters, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Ted Whelan.

The famous physiocratic tenet that only land is productive must be considered bizarre and absurd. It is certainly a tremendous loss of insight compared to Cantillon, who identified land and labor as original productive factors, and entrepreneurs as the motors of the market economy, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

When the state spends more money than it receives in taxes — a fact indelibly written into the bond — it is deliberately committing an act of bankruptcy. Is dishonesty transmuted into its opposite when committed by a legal entity, writes Frank Chodorov (1887–1966).

This audio Mises Daily is narrated by Steven Ng.

Crystal meth is a horrible drug, but it is also a cheap date, the poor man's cocaine. During cocaine's heyday, meth was nearly extinct on the illegal market. Then came the war on cocaine, writes Mark Thornton.

This audio Mises Daily is narrated by the author.

It is man's nature to strive ceaselessly after the substitution of more satisfactory conditions for less satisfactory. This motive stimulates his mental energies and prompts him to act. Life in a perfect frame would reduce man to a purely vegetative existence, writes Ludwig von Mises (1881–1973).

This audio Mises Daily, excerpted from the audiobook version, is narrated by John Pruden.

Human beings do not possess a mystical property of "probability" inside them; rather, they always act on their subjective beliefs and values. Probability in the human world is thus merely a measure of man's uncertainty about the subjective beliefs and values that influence the actions of other men, writes Mark R. Crovelli.

This audio Mises Daily is narrated by Steven Ng.

It was the physiocrats who broke with centuries of sound economic reasoning and contributed to what would become, in the hands of Smith and Ricardo, a reactionary and obscurantist destruction of the correct analysis of value, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

It is vital — indeed, it is literally a life-and-death matter — that Americans be able to look as coolly and clear-sightedly, as free from myth, at their government's record in foreign affairs as they increasingly are able to do in domestic politics, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

It is theoretically conceivable but scarcely likely that the ruling class will rush to embrace a philosophy and a political economy that will end their power and put them, in effect, out of business, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.