What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
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Rushing for the Financial Exits
2024-07-09
For this week’s episode, I wanted to find something familiar in the form of a “saying” to try and convey my thoughts about the economy as it stands today. I even thought about nursery rhymes like “ring around the Rosie” and “musical chairs,” but those did not exactly fit and did not stand up to historical or logical scrutiny the way I hoped.I settled on “When Everyone Runs for the Exit.” This is a play off the legal doctrine limiting free speech of “You can’t yell “fire” in a crowded theater, unless there is a fire.” The more modern, market-orientated version of this might be: Take your money and run!This is also the title of a paper by economist Lasse H. Pedersen, then with New York University and also affiliated with the right-wing National Bureau of Economic Research and the left-wing
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