In April 2024, STF Justice Alexandre de Moraes of Brazil ordered the suspension of dozens of accounts on X for allegedly spreading disinformation. Musk denounced the orders as censorship and refused to comply. The dispute escalated, leading to the ban on X in Brazil. After months of defiance, Elon Musk’s social media platform has decided to comply with Brazilian court orders, censoring users at the behest of the government.As a staunch defender of individual freedom and limited government intrusion, it is disheartening to see someone like Elon Musk cave to the pressures put forth by government censorship. Despite his initial commitment to free speech—even taking over Twitter for just that reason—Musk’s X platform has increasingly caved to government demands for

I’ve always been skeptical of government-backed monopolies and coercive institutions. Insurance—particularly home insurance in hurricane-prone areas—has long been a prime example of such a scheme. In the past weeks of hurricanes, when the winds cause catastrophic destruction and the rain pours down flooding entire cities, the insurance industry’s true nature is laid bare—a pyramid scheme that preys on the vulnerable and enriches the few at the expense of the many.In areas prone to hurricanes and flooding, homeowners are forced to purchase insurance to comply with local building codes, mortgage requirements, and zoning regulations. This mandatory coverage creates a captive market, where individuals are coerced into buying a product they may not need or want. The

The idea that “if it can fail, it should” probably seems oxymoronic to most people when applied to the economic realm. Isn’t the whole point of economic systems to succeed, to thrive, and to bring prosperity to all? So it would seem. But not according to the Austrian school of economics. Indeed, we believe that the possibility of failure is a prerequisite for genuine economic advancement.As Ludwig von Mises so eloquently put it, “Human action is purposeful behavior.” We, as humans, try to attain our goals and values by means we think are suitable. This is vital to our individual autonomy. Yet it’s vital to recognize that our cognition isn’t necessarily perfect. One can never comprehend the subtleties of human action, nor, for that matter, exactly what consequences

As I write this, another catastrophic hurricane barrels towards Florida, and I can only imagine not only the natural damage left in its wake, but the hopelessness many will feel when they realize the very agencies tasked to respond are not much more than political appointments, and far too inept to grasp the gravity of the task at hand. In the aftermath of a catastrophic event, the Federal Emergency Management Agency (FEMA) is tasked with coordinating relief efforts. However, FEMA’s very existence and response mechanisms are fundamentally flawed.Ludwig Von Mises argued that central planning—as embodied in government agencies like FEMA—is inherently inefficient and ineffective. FEMA’s centralized decision-making process, reliant on bureaucratic directives and

The rate cut by the Fed in September 2024 appears to be not much more than another performative song and dance. With many people, particularly in the real estate world, holding on to the idea that the rate cuts will stimulate buyers, the reality is not much will change, except for the worse.One can call the rate cut nothing more than a mere utterance from the Fed because it gives a message of assurance to the market and the public that it is doing something to stimulate the economy. Therein also lies a symbolic action likely to have psychological consequences for the players in the market as far as momentary turmoil and short-term asset price inflation are concerned.However, the Fed’s rate cut didn’t grapple with the root causes of economic problems. The Fed’s

As we wade through the intricacies of modern society, it becomes all the more imperative to go back to the works of Ludwig von Mises. Mises remains not only relevant but vital, providing a framework to view the modern world. Throughout his life, Mises set the standard with his insights into human action, economics, and politics. In an era characterized by government overreach, monetary manipulation, and degradation of individual freedoms, it is with his ideas that we can seek guidance regarding these issues. Mises’s ideas serve as a beacon of wisdom, guiding us toward a more just and prosperous society.Mises’s magnum opus, Human Action, laid the ground for the Austrian school of economics—putting the emphasis on subjective human choice, entrepreneurship, and the

Last month, in a move to curb another example of government overreach, Representatives Adrian Smith and Chuck Edwards introduced the IRS Overreach Prevention Act. This act aims to prohibit the Internal Revenue Service from continuing its “Direct File” pilot program. The program, which essentially allows the IRS to bypass the normal audit process and file tax liens directly with the courts, is nothing more than a clear violation of taxpayers’ due process rights wrapped up in the guise of convenience.To libertarians, the implications are clear—the program represents a violation of the non-aggression principle, where the government is using its power to impose its will by force on taxpayers without their consent.The IRS’s actions are reminiscent of the crony

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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Homeschooling has never been an experiment. Parents teaching their children the individual and unique things which they believe they should know has not only been the way of life before the public school experiment, but is the most libertarian way to address the total governmental failure and inefficient model of so-called education.Public schools have long since been incapable of keeping up with the trajectory of our Information Age, unable to keep students safe from both ideology and violence, and representing an all-around outdated model of an ineptly-run government daycare system. Homeschooling not only represents a fundamental exercise of parental autonomy and responsibility but offers a chance of relief from a failing model.Though Trump’s “Agenda 47” makes

The Libertarian Party was assembled in 1971 and has proven throughout its history to be a resoundingly-unsuccessful third-party venture in American politics. While libertarians are outspoken in their advocacy for individual liberties, limited government, and free markets, their presidential candidates have proven largely unsuccessful throughout history.Why have they not experienced greater success in the face of confronting what has become two ideological extremes? Further, if a “protest vote” for the libertarian candidate isn’t sitting well with you, which party is more aligned to libertarian policies?Libertarians face an eternal uphill battle in the face of American politics. As it stands, third party campaigns are almost entirely funded by grass-root donations,