Are Free Markets More Dangerous than Regulated Markets?

2024-01-18

To save our economy from destruction and from the eventual holocaust of runaway inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and of the free-market economy.
It might be thought that the mix of government and money is too far gone, too pervasive in the economic system, too inextricably bound up in the economy, to be eliminated without economic destruction. Conservatives are accustomed to denouncing the “terrible simplifiers” who wreck everything by imposing simplistic and

2024-01-17

By special request, the Mises Institute will hold its next in-person Mises Book Club, our new program to promote deep reading in Austrian economics, on campus at Oklahoma State University beginning Tuesday, February 6.
In celebration of the 80th anniversary of F. A. Hayek’s Road to Serfdom, this classic work in political philosophy, intellectual and cultural history, and economics will be the focus of the next meeting.
For eight riveting weeks, ten to fifteen specially selected students will partake in rich discussions led by Dr. Richard Gajan of Oklahoma State University. The club will meet every Tuesday evening from 5-6 p.m. central time, and students will receive complimentary hard copies of the book. Students will come away with a stronger understanding of individual freedom and the

2024-01-15

To the Chinese reader:
It is safe to say that economics suffers at least as many fallacies and misunderstandings as any other field of study. Had physics suffered the same level of issues, we would not have seen much—if any—of the progress that we have made over the past centuries. Yet, economics—the queen of the social sciences—keeps being misrepresented, if not abused, and we suffer the consequences.
Those consequences are primarily in the form of the “unseen,” or what we would otherwise have gotten, and the “unrealized,” or the possibilities and opportunities that we would have benefited from were it not for our misunderstandings of how the economy works and, therefore, our hubristic attempts to design the economy and determine its outcomes.
However, the economy is not free from