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.

The high price of insulin is increasingly present in American political discourse as presidential candidates boast of interventions; whereas, the Federal Trade Commission, states, and even counties and school boards have brought forth lawsuits, alleging price gouging and collusion between pharmaceutical giants and pharmacies. However, as is par for the course in American politics, policymakers ignore the reality that they—not the market—created these problems, and their proposed solutions will only exacerbate them.Indeed, insulin prices have skyrocketed. One variety—Humalog—though initially priced at $21 a bottle, now sells for more than ten times that, and obviously, such prices are hurting consumers, some of whom are forced to pay upwards of 40 percent of their post-subsistence income