The Tea Party Brain

An excellent article with generous positive mention of mises and austrian economics.

http://www.theatlantic.com/magazine/archive/2010/11/the-tea-party-8217-s-brain/8280/2/

“Mises’s faith in free-market capitalism was nearly absolute. He thought any market interference dangerously distorted the value of money. This led him to reject central banking, by which governments adjust the supply of money to influence the economy. Mises thought that “printing money” was unsound and inevitably touched off a cycle of foolish investments that ended in disaster. What economists call the business cycle—the ebb and flow of boom and recession that most of them believe to be inevitable and outside government’s full control—Mises thought was the result of government interference, of the unfettered expansion of central-bank credit. To prevent governments from debasing the currency, he favored a gold standard.”