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.

Since the response to Covid-19, the preeminent economic concern of the American public has been, simply put, price inflation. In an attempt to curry favor with the electorate, Vice President Kamala Harris recently declared support for price controls to combat high prices, which she attributes to supply chain issues and corporate greed.Today, it often seems that our country’s scope and knowledge of history is reduced to a few platitudes concerning markets that date back no further than the mid-1930’s, or perhaps the 1920’s. Inflation and currency debasement, however, go much further back. Furthermore, they are often accompanied by attempts to correct them with price controls. This has especially been the case with empires.In the past year, there was a meme of sorts, where women would be