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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“…boom and bust cycles are caused—not by the mysterious workings of the capitalist system—but by governmental interventions in that system.” — Murray RothbardAnother way to put it is that the primary cause of what you call a recession is central banking, specifically due to their inflationism and underwriting of fractional reserve banking. If you think that inflation is the product of greedy merchants or the animal spirits, or an economy that is just too hot, or climate change, you have been hoodwinked. In the first place, it is not a product of anything. The term refers to the government’s economic and banking policies.These policies have three main effects (and many knock on effects):The Cantillon effects – redistribution of incomes and wealthInterest rate

Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.

Original Article: "The Problem with Public Transit"

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