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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Does Printing Money Create Inflation?
2024-08-12
The Libertarian Party candidate for governor of North Carolina posed this question on Twitter a few days ago:The question is poorly worded, but that is mainly the fault of the way the term “inflation” has fared in common parlance. Ross probably got the poll results he desired – he was trying to reinforce the idea that increasing the supply of money results in higher prices. The issue, however, is that those who understand that relationship are also usually the ones who think inflation ought to refer to increases in the money supply. For them, the question reads, “Does increasing the money supply create increases in the money supply?” The answer to the question now depends on how one interprets “create” instead of one’s understanding of economic cause-and-effect. Indeed, many of the
Republicans declare war on the American economy
2024-08-10
The 2024 Republican National Convention will be remembered for the raw emotions evoked by an attempted assassination the preceding weekend of its presidential nominee Donald Trump and for the now mostly Trumpified Republicans posing as the populist champions of American workers against the elitist Democrats.This convention, however, should be remembered for another reason too. It marks the entrenchment of an organized “national conservative” movement within the party that espouses an anti-free-market ideology, overtly scorning individual liberty in favor of a powerful nation-state. This shift in Republican thinking is most clearly evident in Trump’s choice of J.D. Vance as the party’s nominee for vice president (who recently explained his “NatCon” principles in a Foundation for American
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