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...
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Category Archive: 6b.) Mises.org
Karl Marx’s Missing Link: Erasing the Line Between Mercantilism and Capitalism
In Das Kapital, Karl Marx outlined a historical progression of socioeconomic systems: tribal communism, slave societies, feudalism, capitalism, socialism, and communism. However, one notable omission from this framework is mercantilism. Why was it left out? While mercantilism and capitalism overlap, they are distinct systems with different economic policies, modes of production, and underlying principles. By omitting mercantilism, Marx could...
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Libertarian Literary and Media Criticism
[Editor’s Note: This following article is an adaptation of the introduction to Libertarian Literary and Media Criticism: Essays in Memory of Paul A. Cantor, Edited by Jo Ann Cavallo (London: Palgrave Macmillan, 2025. Paul Cantor was (1945-2022) was a student of Ludwig von Mises and an important contributor to mises.org on topics of the intersection between markets and culture.]This collection of essays by experts in diverse fields applies...
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What Might Austerity Look Like in 21st-Century America?
The word “austerity” is defined as sternness or severity of manner or attitude; extreme plainness and simplicity of style or appearance; conditions characterized by severity, sternness, or asceticism; or a way of life that limits luxuries. Austerity is also defined as a set of policies that reduce government spending and increase taxes. These policies can include “austerity measures,” often used during economic crises, including cutting government...
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The Far-Left’s Violent Attacks on Tesla are Revealing
In recent weeks, there has been a sharp increase in violent attacks aimed at destroying cars and other property carrying the logo of Elon Musk’s electric car company, Tesla. In Colorado, a woman was charged with using Molotov cocktails to set multiple cars at a Tesla dealership on fire before painting the word Nazi on a store sign. In Oregon, one man fired a rifle into one Tesla dealership while someone else fired shots and threw explosives into...
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The Far-Left’s Violent Attacks on Tesla are Revealing
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...
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Fourteenth Amendment DEI Lawfare
The politics of the Fourteenth Amendment recently returned to global attention when Colorado attempted to remove President Donald Trump’s name from their presidential election ballot, an attempt that was thwarted by the United States Supreme Court ruling that “Colorado cannot enforce section 3” of the Fourteenth Amendment as states lack power to do so. The jubilation with which the Supreme Court intervention was greeted overshadowed any concerns...
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How Executive Power Can Dismantle the Deep State
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...
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Cuts to Foreign Aid Are a Good Start
On January 20th, the Trump administration indicated it would pause foreign aid to most countries for 90 days. Newly-confirmed Secretary of State, “Little” Marco Rubio, confirmed this and paused “all new obligations of funding, pending a review, for (U.S.) foreign assistance programs funded by or through the Department and USAID.”He also recently floated closing USAID permanently and merging it with the State Department. It is right to credit the...
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Ralph Raico’s Master Class on the History of Political Thought
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Kennedy Assassination Mysteries
Why should we care today about the assassination of President John F. Kennedy on November 22, 1963? That fateful day in Dallas is, after all, a long time ago: those of us, like me, who can remember the day are at least in their sixties. The short answer is that it reveals something essential for us to know about the American government and the Deep State that runs it.Kennedy had become deeply suspicious of the CIA and other American intelligence...
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Oops, Trump Just Bankrolled the Protesters He Intended to Silence
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The New Higher Education “Arms Race”
Forty years ago, collegiate institutions competed to attract the last big surge of baby-boomer 18-year-olds, offering campus amenities—fancy dormitories, swanky recreation centers with climbing walls, upgraded athletic facilities, palatial dining halls—that were, at the time, derisively described as an “arms race” among schools.I once asked the then-president of my own alma mater—an east coast liberal arts college—how the school justified spending...
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Thomas Aquinas and the Subjective Theory of Value
Thomas Aquinas is, without doubt, the greatest Roman Catholic philosopher and theologian when it comes to the depth of his thought and the degree of his influence. Although this is the case, it might seem strange at first to see him mentioned in relation to the history of the subjective theory of value. It was Rothbard nonetheless who first pointed out that the direct ancestor of the Austrian School is the Salamanca School, a Roman Catholic school...
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Dismantling the Department of Education?
President Trump’s proposal to dismantle the Department of Education is one step closer to an open, market-based system of education. The ultimate goal is a free-market system of education in which parents, teachers, and students are able to make their own choices about education, rather than being dictated by federal mandates.One of the most persuasive arguments against the Department of Education is that it holds on to a one-size-fits-all...
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Richard Murphy, The Bank of England, And MMT Confusion
Professor Richard Murphy is a public supporter of Keynesian fallacies and MMT. He recently provided a glimpse into this increasingly popular perspective by alleging that the Bank of England is deliberately crashing the economy by reducing its Asset Purchase Facility (APF).The latest budget increased government spending, borrowing, and taxes. But as MMT advocates seek to unburden governments from borrowing and think that taxes should be used as a...
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We Can’t Fix International Organizations like the WTO. Abolish Them.
In a recent Springer publication, Marcos Falcone proposed “Bringing the Austrian School into the 21st century” by embracing existing international institutions as a means of maximizing global liberty. Acknowledging that they are often justly criticized for being bureaucratic and ineffective, Falcone argues that they have historically contributed to economic growth and democratization and that all that is needed are two key reforms to strengthen...
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Free Markets Promote Peaceful Cooperation and Racial Harmony
In Human Action, Ludwig von Mises highlights the importance of human cooperation as a prerequisite for the division of labor and free exchange. Without this, humanity remains mired in poverty:The “state of nature” that the reformers and utopians depicted as paradisiac was in fact a state of extreme poverty and distress. “Poverty,” says Bentham, “is not the work of the laws, it is the primitive condition of the human race.” Even those at the base of...
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The Precarious State of the American Economy
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...
Read More »
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Why Price Deflation Doesn’t Hinder Investment
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...
Read More »
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On Swiss National Bank
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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Swiss franc appreciation has led to tighter monetary conditions – SNB minutes
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SNB Sight Deposits: decreased by 3.1 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
Main SNB Background Info
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MISES Podcast: Rothbards „Doppelschlag-Strategie“. Mises-Preis für Javier Milei