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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Money-Supply Growth Has Stabilized as Stealth Liquidity Keeps Bubbles on Life Support
2024-02-06
Money supply growth fell again in December, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. December’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
Since April 2021, money supply growth has slowed quickly, and since late 2022, we’ve been seeing the money supply repeatedly contract, year over year. The last time the year-over-year (YOY) change in the money supply slipped into negative territory was in November 1994. At that time, negative growth continued for fifteen months, finally turning positive again in January 1996.
Money-supply growth has now been negative for fourteen months in a row. During December 2023, the downturn continued as YOY growth
An Open Letter to Walter E. Block
2024-02-01
Breaking up with a person you have known for more than thirty years, with whom you have participated in countless conferences and co-authored a couple of articles, even if only in the somewhat distant past, is nothing done lightly. It is even harder, if one shares with this person a common standing as a public intellectual and both our names are mentioned frequently in one breath as prominent students of the same teacher, Murray N. Rothbard, and as leading intellectual lights of the modern libertarian movement founded by Rothbard.
But then: in this position, it becomes near-imperative to always stay on guard and take notice if a person closely associated with your own name goes astray and falls into serious error, and you may be compelled to publicly distance and dis-associate yourself
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