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
Cowardice, Not Courage, Led House Republicans to Side with the Democrats
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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The FBI and CIA Are Enemies of the American People
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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The Homo Economicus Myth
Among the larger albatrosses burdening the economics profession is the idea of Homo economicus. To this day, most economics undergraduates hear about it in the context of neoclassical economics. Homo economicus, we are told, is the ideal economic man who always seeks to maximize profits and minimize costs. He only acts “rationally,” and rationalism is defined as, well, always seeking to maximize profits and minimize costs. Even worse, “profit” is...
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How State-Sponsored Universities Distort Campus Activism
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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State Coercion and the Injustice of Apartheid
Many libertarians hold the view that state coercion is wrong, regardless of the ends to which that coercion is deployed. It is wrong for the state to force people apart in an apartheid system, and it is also wrong for the state to force people to engage in “inclusivity” under systems of equity and diversity which force people into contractual relations against their will for example in the context of employment or housing. This is what Lew Rockwell...
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Public Schools and the State’s Omnipotent Bayonet
From everything I read you would think we were incapable of solving social problems.In truth, we find matters only getting worse because the proposed solutions almost always involve the culprit—the state—taking more control over our lives.The state is a box we desperately need to think outside of if we’re ever going to establish civil relations among people. We would do well to remember that the state is absolutely not in the business of making our...
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Consumer Confidence
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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How Does the Federal Reserve Fit into Our Constitutional Order?
This article is adapted from a lecture delivered to the Federalist Society: The Federal Reserve is a fundamental problem for the Constitutional order of the American Republic. How can it be that it considered itself able to unilaterally impose permanent inflation on the country, without legislative debate or approval?The shifting theories believed by central banks are among the most important of macro-economic factors. For example, William...
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The TikTok Ban Is the Next Patriot Act
HR 7521, called the Protecting Americans from Foreign Adversary Controlled Applications Act, is a recent development in American politics. TikTok has been in the news for the past few years, after the public became aware of its connections to China. The popular social media mobile app is currently owned by ByteDance Ltd, a Chinese company. China and the United States currently have a rocky relationship, leading to fears that the Chinese government...
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A “New” Book of Essays by William Graham Sumner
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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Robert Kagan Goes on a Tear
Rebellion: How Antiliberalism Is Tearing America Apart—Againby Robert KaganAlfred A. Knopf, 2024; 243 pp.Robert Kagan, a senior fellow of the Brookings Institution, has acquired over several decades a well-deserved reputation as a defender of war. Like Woodrow Wilson, he believes the world must be made safe for democracy. He strongly supported George W. Bush’s war against Iraq, and though the war is widely regarded as a failure, Kagan disagrees....
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MMT and Boiling Frogs
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Full-Time Jobs Fall Again as Total Employment Flatlines in April
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Texas Governor Abbott Doesn’t Understand the First Amendment
On the 27th of March, Texas Governor Greg Abbott signed an executive order which had the purpose of curbing speech deemed as “anti-semitic” on all state-run universities. Unfortunately, speech protection on public universities has been shaky in the past with universities attempting to restrict speech many times with varying levels of success. Supreme Court decision Healey v James 1972 states that “Among the rights protected by the First Amendment...
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What Can Carl Menger Teach Us about Falafel Sandwiches?
Earlier this year, I gave a short course on Carl Menger’s Principles of Economics for scientists and engineers at my institute. The course was brief, and I focused only on ideas that were relevant for researchers in engineering and the natural sciences. One of the ideas we talked about was supply and demand, in order to link it to the supply and demand of research-related things: the labor of researchers, research articles on specific topics, and...
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Biden Perpetuates Washington’s Idiotic Steel Trade Policies
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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The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion
Hold up your hand if you think that the aggregate losses of an organization are an asset of that organization. No hands at all? Absolutely right. Losses are not an asset. That’s accounting 101. Yet the greatest central bank in the world, the Federal Reserve, insists on claiming that its continuing losses, which have accumulated to the staggering sum of $164 billion, are an accounting asset.The Fed seeks to palm off this accounting entry as a...
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Free-Market Profit Comes From Voluntary Exchange, not Exploitation
In our modern political culture, many people claim that profits are the outcome of some individuals exploiting other individuals. Hence, anyone who is seen trying to make profits is regarded as an enemy of society and must be stopped before inflicting damage. According to Henry Hazlitt, “The indignation shown by many people today at the mention of the very word profits indicates how little understanding there is of the vital function that profits...
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Javier Milei and Argentina’s Economic Challenge
The Misesian: It seems to many that Javier Milei was elected due to widespread dissatisfaction with the state of the economy in Argentina. Is this a correct assessment?Nicolás Cachanosky: Yes, I believe that is quite accurate. Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been stagnant since 2011. Poverty rates are also troubling. Consider this:...
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On Swiss National Bank
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SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
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Gold finds some support at $2,660, with upside attempts limited
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USD/CHF aims to revisit 0.8950 as SNB to cut rates further
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US Dollar tries to keep gains for a fourth straight day despite flat CPI
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Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
Main SNB Background Info
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