Showing posts with label Mises Institute. Show all posts
Showing posts with label Mises Institute. Show all posts

Sunday, November 27, 2016

Private property and the first U.S. Thanksgiving

Property and the First Thanksgiving | Mises Institute - Gary Galles:

November 25, 2004 - "At Thanksgiving, Americans reflect on their blessings and hope for uplifting family gatherings of togetherness and unity, with the Pilgrims used as examples of peace, harmony, and thankfulness. However, ... Plymouth Colony before 1623 was closer to a Thanksgiving host's worst fears — resentments surface, harsh words are spoken, and people turn angry and unhappy with one another.

"The Pilgrims' unhappiness was caused by their system of common property (not adopted, as often asserted, from their religious convictions, but required against their will by the colony's sponsors). The fruits of each person's efforts went to the community, and each received a share from the common wealth. This caused severe strains among the members, as Colony Governor William Bradford recorded:
 " ... the young men ... did repine that they should spend their time and strength to work for other men's wives and children without any recompense. The strong ... had not more in division ... than he that was weak and not able to do a quarter the other could; this was thought injustice. The aged and graver men to be ranked and equalized in labors and victuals, clothes, etc ... thought it some indignity and disrespect unto them. And the men's wives to be commanded to do service for other men, as dressing their meat, washing their clothes, etc., they deemed it a kind of slavery, neither could many husbands well brook it....

"For this community of property (so far as it went) was found to breed much confusion and discontentment and retard much employment that would have been to their benefit and comfort ... all being to have alike, and all to do alike ... if it did not cut off those relations that God hath set amongst men, yet it did at least much diminish and take off the mutual respects that should be preserved amongst them."
"In the spring of 1623, they decided to let people produce for their own benefit:
 "All their victuals were spent ... no supply was heard of, neither knew they when they might expect any. So they began to think how they might raise as much corn as they could, and obtain a better crop than they had done, that they might not still thus languish in misery. At length ... the Governor (with the advice of the chiefest among them) gave way that they should set corn every man for his own particular, and in that regard trust to themselves.... And so assigned to every family a parcel of land ....

"This had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Governor or any other could use, and saved him a great deal of trouble, and gave far better content. The women now went willingly into the field, and took their little ones with them to set corn, which before would allege weakness and inability, whom to have compelled would have been thought great tyranny and oppression."
"That was quite a change from their previous situation, where severe whippings had been resorted to as an inducement to more labor effort, with little success other than in creating discontent....

"It is appropriate to remember the Pilgrims as Americans celebrate Thanksgiving....  But we should also remember that our material blessings are the fruits of America's system of private property rights, whose power for peaceful and productive cooperation the Pilgrims began to prove by experiment almost four centuries ago, because those rights, and the freedoms and prosperity they entail, are under constant assault today."

Read more: https://mises.org/library/property-and-first-thanksgiving
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Thursday, March 24, 2016

Mises Institute donor files for Ch.11 bankruptcy

End Coal | Arch Coal funded US ‘libertarian’ think tank and ALEC - Bob Burton:

March 2, 2016 - "Arch Coal, the second largest coal company in the US, has revealed that it has been a secret funder of the Ludwig von Mises Institute, a self-proclaimed 'libertarian' think tank which has been a part of the global echo chamber of groups opposing action on climate change.

"The filing also reveals the coal company was a behind-the-scenes funder of the American Legislative Exchange Commission (ALEC), a US-based group which drafts corporate-sponsored legislation and brokers its introduction via a network of conservative legislators.

"Arch Coal’s recent 579-page filing ... with the US Bankruptcy Court listed the Ludwig von Mises Institute as one of the company’s creditors which are owed money. However, no details are provided on how much Arch Coal has paid the libertarian think tank or when any payments were made.

"On its website, the Alabama-headquartered institute states it champions a 'free-market capitalist economy and a private-property order that rejects taxation, monetary debasement, and a coercive state monopoly of protective services.' The institute obliquely notes on its website it receives funding from businesses but provides no details on who they are.

"In 2014 the Ludwig von Mises Institute’s annual return to the US Internal Revenue Service revealed it had total revenue of US$3.8 million.... [T]he institute has been a part of the US conservative echo chamber railing [sic] against regulations to tackle climate change....

"Arch Coal operates 11 mines across seven states of the US. On January 11 Arch Coal filed for ‘Chapter 11’ bankruptcy protection in the US which allows the company to restructure its debt while continuing to trade. Arch Coal estimates that in 2015 it produced 118 million tonnes of coal for both the US and export markets."

Read more: http://endcoal.org/2016/03/arch-coal-funded-us-libertarian-think-tank-and-alec/
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Tuesday, September 30, 2014

Mises Institute promotes free markets worldwide


September 29, 2010 - "The Mises Institute is located in a small, two-story building.... Only a small sign at the front advertises an institute is there at all.

"'We are sort of a school, we’re sort of a website, we’re sort of a library and a book repository and we’re sort of a think tank,' said Jeff Deist, president of the Institute. 'We have a pretty broad mission, but first and foremost we are about keeping the legacy and the current elements of the Austrian school of economics alive and healthy'....

"Professor of economics Henry Thompson said the Austrian school of economics is a way of thinking about the economy that focuses on historical and theoretical information rather than empirical data....

"Mark Thornton, senior fellow at the Mises Institute, ... said the Austrian school of economics has an unconventional way of thinking about economic issues.

"'We’re free market (economists), which is an alternative,' Thornton said. 'Some would say it’s a radical alternative.'

"Deist said Carl Menger and Ludwig von Mises, the Mises Institute’s namesake, created a school of thought focusing on minimal government and private sector investment. The nationality of von Mises and Menger, both Austrian, became the collective banner for their theories.

"Work done by Mises scholars has drawn support from famous libertarians, such as Ron Paul and Andrew Napolitano, both of whom, Deist said, have spoken at the Mises Institute....

"Thornton said educating the public, not influencing government policy, is the Mises Institute’s purpose.... Mises scholars educate people through publishing on the website, Mises.org, writing academic papers, and open seminars."

Read more: http://www.theplainsman.com/view/full_story/25829423/article-Libertarian-think-tank-promotes-free-markets-worldwide-from-Auburn?instance=home_news_1st_right
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Saturday, October 5, 2013

Libertarian economics behind Silk Road website

Libertarian economics underpinned Silk Road Bitcoin drug website - FT.com - John Aglionby:

October 3, 2013 - "The goods and services traded on the semi-secretive website Silk Road since February 2011 with the virtual currency Bitcoins were so varied that the Federal Bureau of Investigation described it as 'the most sophisticated and extensive criminal marketplace on the internet today'.

"Its philosophical underpinnings, however, were ... according to the FBI complaint published on Wednesday after the site was shut down, 'Austrian economic theory' and the works of Ludwig von Mises and Murray Rothbard, economists closely associated with the Mises Institute, in the US state of Alabama.

"The libertarian institute’s website says it 'seeks to advance the Misesian tradition of thought through the defence of the market economy, private property, sound money and peaceful international relations, while opposing government intervention as economically and socially destructive'.

"Ross Ulbricht, Silk Road’s alleged founder who was arrested on Wednesday and allegedly made millions of dollars from running the trading site, had a user profile on the Mises Institute site and linked to the website, and cited the economists’ work in Silk Road forum postings, the FBI complaint said."

Read more: http://www.ft.com/cms/s/0/2c1f0f78-2c17-11e3-acf4-00144feab7de.html#axzz2grWVCfoC
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