A recent Mises Institute event held in Fort Myers, Florida attracted a number of local Republican officials and additional interest from others in the area. Is it possible Florida could lead the United States in the adoption of the principles of Austrian economics? Joseph Sansone discusses the event at Mind Matters and Everything Else, writing:
The Mises Institute held an event this past Saturday in Fort Myers Florida. Founded in 1982 by Llewellyn Rockwell, promotes the Austrian school of economics following the intellectual tradition of economist Ludwig von Mises, the Austrian economist the institute is named after. According to the website:
“The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.” ….“the Institute seeks a free-market capitalist economy and a private-property order that rejects taxation, monetary debasement, and a coercive state monopoly of protective services.”
The event was introduced by Tho Bishop, Mises editorial and content manager, and chairman of the Bay County Republican Party. Speakers included Dr. Jonathan Newman, speaking on the radical uncertainty of a polymorphic fed. Professor Emeritus, Dr. Murray Sabrin, speaking about the oil price-stack market connection, the 100 year financial cycle, and the next crash. Dr. Patrick Newman spoke specifically to the question of whether we are headed toward a recession in 2024. Dr. Bob Murphy spoke on the fed and the state of the dollar.
The event was well received and included several members of the Lee County Republican Executive Committee. Most of these were being exposed to Mises for the first time. The event, being nonpartisan, was also attended by libertarians and independents.
As expected, speakers focused on common themes in the Austrian school of economics, individual liberty, sound money, the eroding dollar, inflation, and the hydra monster called the federal reserve. While none of the speakers guaranteed a recession was coming in 2024, it was clearly expressed as a strong possibility citing several factors including the yield curve inversion. This is when the short term interest rate goes higher than long term interest rate. This has been an accurate predictor of recessions in the past. It was also postulated that the economy may already be in a recession and we just don’t know it.
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