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.
You Might Also Like
What Does ChatGPT Know about Money?
2024-09-26
Given the contentious topic of money and its influence on the world, I decided to see what ChatGPT “knows” about it. I was surprised by the breadth of its responses, as well as its information on free market positions, especially those of the Austrian school.Though my prompts (queries) were exactly as I present them here, ChatGPT was so expansive I had to edit its results due to article length restrictions. For emphasis and to mark subject headings ChatGPT frequently used bold-face text. I italicized portions of its replies, which are indented, to stress points I thought were especially important, and I added links in a few cases to augment ChatGPT’s response.Let’s begin.Smith: Is it true that money arose from barter as a response to the problem of a double-coincidence of wants? And is it
The Comic Absurdity of a US Sovereign Wealth Fund
2024-09-25
In recent weeks, both candidate Donald Trump and President Biden—via his staff—have expressed support for the idea of a US sovereign wealth fund (“SWF”). An SWF is simply an investment fund run by a national government. Ostensibly, the goals of such a venture are twofold—to increase the wealth of America and its citizens, and to spur innovation in “critical” areas like infrastructure, technology, and medicine.An American SWF is bound to fail on at least these two counts, as the idea of investing funds stolen from Americans in order to increase their prosperity is incoherent, and the federal government is incapable of innovation or excellence in any productive matter.Structural IncompatibilityI was employed by an SWF in the Persian Gulf for several years, overseeing their hotel investment
Tags: Featured,newsletter
