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
The Secret Economic Theory Behind the $100,000 Birkin Bag
In 1984, Jean-Louis Dumas, CEO of a struggling French fashion house, found himself consumed with thoughts of how to not only revive but surpass the glory Hermès had once known. Four years into his role, he couldn’t shake the idea that he needed to capture lightning in a bottle once again, as his father had done with the now-legendary Kelly bag.The story goes that Grace Kelly, the iconic actress and later Princess of Monaco, was photographed using a...
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Russophobia, Historically Considered
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Copernicus Was Also Right in Economics
Nicolaus Copernicus was one of the greatest scientists in history. With his theories on astronomy, he revolutionized the sciences and is meritoriously and universally recognized as a genius. He was indeed a genius, not only in astronomy, in fact, his knowledge and studies ranged in all fields of knowledge—medicine, canon law, theology (he was also ordained Catholic theologian), natural sciences, mathematics, and—last but most important for this...
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Why The Israel-Occupied Levant Must Be Liberated
As fast as a snake’s thrust, Israel has taken the methods of mass murder used against Gaza’s civilians to the West Bank, to Lebanon and Syria, to Yemen and beyond. It is now launching about for the next country to attack, Iran. This is the bloodiest in Israeli criminal annals. Still, it is the consensus among the best of people, pure-hearted and valiant all, that the only way to stop the Israeli State’s serial killers is passively and...
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Peace as a Prerequisite for Civilization
Property rights, the division of labor, and voluntary exchange are the foundation of civilization. In Liberalism: The Classical Tradition, Ludwig von Mises explains why these doctrines are essential to civilization, emphasizing that peace is a prerequisite for the division of labor and human cooperation. When the threat of war constantly hangs over a society, people no longer specialize in their most productive skills and abilities. Instead, they...
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Why the Money Supply Is Growing Again
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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Why People Pay Higher Prices for Some Goods Relative to Others
Why are individuals willing to pay higher prices for some goods relative to other goods? The common reply to this appeals to the laws of supply and demand. But what is behind these laws? To provide a further answer to this question economists refer to the law of diminishing marginal utility. Mainstream economics explains this law in terms of the satisfaction that one derives from consuming a particular good. For instance, an individual may derive...
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The Birth of “Irrational Exuberance”
But how do we know when irrational exuberance has unduly escalated asset values . . .? — Fed Chairman Alan Greenspan, “The Challenge of Central Banking in a Democratic Society,” December 5, 1996John Law, the early eighteenth-century Scottish gambler and financier, thought the best way to revive an ailing economy was to remove the “great scarcity of money,” as he wrote in a 1705 monetary tract. A decade after its publication, he took his ideas to...
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Hayek on the Welfare 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...
Read More »
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What is Old School Economics?
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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Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition
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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Yes, Car Seat Laws Reduce the Birth Rate
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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Gresham’s Law: Why Bitcoin Will Save the World
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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If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
One of the hot topics of the 2024 presidential election is the use of what Republicans have called “lawfare” by the Democrats, using the law—and especially criminal law—to go after political opponents by using the system to charge them with questionable crimes. I myself have denounced it here and here.There is no way to justify this use of criminal law except to say that it is a tool by political and economic elites to accomplish the same thing as...
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Ten Lessons on Us Foreign Policy from Enough Already
Enough Already by Scott Horton is a must-read for anyone who wants to know the truth about US foreign policy in the Middle East for the last 35 years. Horton starts his exposé with the 9/11 tragedy, and then details all the terror wars up until today. Among all the facts and figures, Horton teaches ten important lessons. Each chapter focuses on a specific country, but these lessons are woven throughout each.Lesson 1—The US is Not Loyal to Its...
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Money-Supply Growth Hit a 23-Month High, and the Fed Wants More
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Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
Kamala Harris has suggested that, if elected, her administration would “pass the first ever federal ban on price gouging on food.” She has also stated that she would undertake several interventions into the healthcare industry, including a promise to “cap the cost of insulin at $35 for all Americans.”These proposals represent nothing other than the promise to institute price-fixing on groceries and aspects of healthcare. To end so-called “price...
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No Central Bank Wants to Stop Price Inflation
Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax. The government makes the currency less valuable by issuing more units of fiat money, partially dissolves its debt in...
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What Was Mises’s Position on Fractional Reserve Banking?
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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On Swiss National Bank
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SNB Sight Deposits: increased by 5.2 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
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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