Our Fall Campaign Week is Under Way!
2024-09-22
The mission of the Mises Institute is simple. We want to spread the ideas of Ludwig von Mises and the scholars he inspired. Ideas that are vital for a free and prosperous civilization.We do this through our student programs, our popular articles, our podcasts, our vast library of free downloadable books, and our animated videos for beginners.
Our graduates need books
2024-07-18
With your support, the Mises Institute can send Mises University students home with a stack of Austrian classics such as “Human Action”; “Man, Economy, and State”; and “The Case for Gold” (see full list at the bottom of this email). After a week of destroying every preconceived, state-curriculum notion of how the world works, Mises U grads will have another month before returning to college in the fall. Our graduates can continue to dive into their Austrian education before sitting in classrooms where democratic socialist ideas are the norm and universal basic income is the hottest policy trend. We’re asking everyone who wishes Mises University had been available in their college days to help build Mises U graduates’ libraries.Mises U is the full package: the highly
MMT and Boiling Frogs
2024-05-03
“Why do we borrow our own currency in the first place?”Stephanie Kelton posed this question in her new documentary, Finding the Money, and a clip of Jared Berstein’s fumbled response to the question has gone viral on social media. Bernstein is the Chair of the Council of Economic Advisers to Biden, and so we would expect that he would have an articulate answer to Kelton’s question, but he did not.Instead of trying to parse his response or explain why he fumbled, I want to provide an answer: the State borrows to expropriate real resources from the private, productive part of society. When I made this claim on Twitter, one MMTer responded (somewhat) approvingly: “We all agree on this part. The question is how they do it and what the effect is. MMT gets that part right [and] Austrians get it