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.

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The Biden administration recently announced that it is canceling another $7.7 billion in student debt, and this will bring the total amount of student debt it has forgiven to over $160 billion since 2021.The reason for this aggressive push on the topic of student debt, according to some political analysts, is that in the three years Joe Biden has been in office, he has failed to do enough in regard to this issue. As expected, this has left some of his constituency—primarily the college-educated sectors—wanting, and this is especially true considering that leading up to his victory in 2020, forgiving at least $10,000 of student debt per borrower was one of his main campaign promises.Of course, President Biden is not solely to blame for this “lackluster” performance