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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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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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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This year marks the 12-year anniversary of Ron Paul’s retirement from Congress, but his legacy continues to display itself on the political scene. On issues like foreign policy, war skepticism has grown, at least concerning American involvement in Europe. Abolishing the Department of Education has become a key tenant of Donald Trump’s education agenda. Eliminating taxes on tips has been adopted by both presidential campaigns.Less obvious, however, has been growing political support for one of Dr. Paul’s greatest priorities: ending the Federal Reserve.An illustration of this can be seen most obviously with the bill itself. In 2012, Dr. Paul’s last term in Congress, his End the Fed bill didn’t have a single co-sponsor. In 2024, introduced by Thomas Massie, has 23

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.

[embedded content]

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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This past February, Brazilian UFC fighter Renato Moicano went viral after taking the microphone after a victorious fight to promote the work of Ludwig von Mises. In his own words, “If you care about your motherf******* country, read Ludwig von Mises and the six lessons of the Austrian school.”Today, at UFC Fight Night 243, Moicano returned to the octagon as a strong underdog against French fighter Benoit Saint Denis. What odds-makers didn’t take into account was there was no way Renato Moicano was going to lose on Ludwig von Mises’s birthday weekend.Moicano dominated the first round of the fight, landing heavy blows before controlling his opponent on the ground. While the second round featured a strong performance between the two fighters, the damage inflicted the

Editors note: The following article was published in July 1974 in The Libertarian Forum titled “One Heartbeat Away.” In it, Murray Rothbard provides elite theory analysis of Watergate after the selection of Nelson Rockefeller as Gerald Ford’s Vice President. While Rothbard’s fear of a Rockefeller presidency did not come to fruition, his post-political life included the creation of the Trilateral Commission which continued to have incredible influence over future presidential administrations.For more Rothbardian elite analysis similar to what is provided below, readers are encouraged to read Origins of the Federal Reserve and Wall Street, Banks, and Foreign Policy, the latter of which continues this analysis into 1984.****As the Watergate revelations poured out in

The sitting president is facing an unprecedented inner-party campaign to end his candidacy over his obvious cognitive decline. The presidential front-runner was an inch away from being killed on live television. Yet, in the middle of one of the craziest weeks in modern political history, the most fascinating development is the nomination of Ohio Senator J.D. Vance as Donald Trump’s running mate.The significance of the decision is itself influenced by the context of the moment. Media accounts suggest that Joe Biden’s disastrous debate performance helped influence Trump’s Veep consideration, and the 38-year-old Vance – the first Millennial on a national ticket – is a stark contrast to America’s current gerontocracy. It has similarly been reported that figures like

For the second time in three weeks, a political event actually mattered. The attempted assassination of Donald Trump, evaded only by a short turn of the head, has created a rare moment of national reflection about the current state of American politics. Whether or not it is a moment that has true historical relevance beyond simply influencing a single election or canonizing a new iconic photo in future school textbooks will be decided by how seriously its lessons are internalized by the public.First of all, the most noteworthy aspects of this attempted attack are precisely how unsurprising such an extraordinary act was. If one takes the regime’s opposition to Donald Trump seriously and recognizes how weakened, the regime’s hold on political opinion is, then the

Following last week’s decisions, which represented a significant blow to the American administrative state, today, the Supreme Court did what was widely expected: rule in favor of Donald Trump in a case related to federal prosecution over January 6. In a 6-3 decision, the court ruled that presidents have “presumptive immunity” for “official acts” while in office.The decision does not necessarily kill the potential for federal prosecution, kicking the question to a lower district court about whether or not Trump’s actions constitute an “official act.” In practice, however, it effectively delays any future decision until after the November election.The unexceptional outcome has been met with predictable hysteria from critics of the former president, with rabid

Presidential debates are a quirky aspect of modern American politics. In theory, they are the closest thing to political combat, a rare opportunity for political leaders to publicly contrast differences in ideology and vision for the country. In reality, presidential debates have become something more akin to pop culture, with actors repeating lines they don’t believe in, achieving a desired reaction from various popular audiences. A particular line is meant to earn the applause of a desired constituency; another is meant to appease a small group of donors who have a unique interest in the topic at hand.Last night’s debate was different. While the substance offered by Joe Biden and Donald Trump was the same form of closely coached messaging carefully designed to

This week, the House passed H. R. 6090, a bill sold to the public as an “Antisemitism Awareness Act,” but effectively outsources the definition of actionable Civil Rights Act “antidiscrimination” violations to the International Holocaust Remembrance Alliance. In doing so, the DC uniparty has granted a significant concession on the First Amendment at a time when its freedom of speech is facing a coordinated attack from powerful, globalist institutions.The bill itself is far shorter and simpler than most of the bills that emerged from Congress. It grounds itself in the Civil Rights Act of 1964, finds that “antisemitism is on the rise in the United States and is impacting Jewish students in K–12 schools, colleges, and universities”, and then formally adopts the

Last night, Brazilian fighter Renato Moicano went viral after his victory over JalinTurner at UFC 300, giving a shout-out to Ludwig von Mises himself.’I love America, I love the Constitution…I want to carry…guns. I love private property. Let If you something. If you care about your…country, read Ludwig von Mises and the six lessons of the Austrian economic school.The full clip is available here, with some colorful adult language included.Moicano’s endorsement of Mises is a credit to the growing Austrian economics movement in Brazil, which has not only enjoyed success within universities and the political system but also culturally. Despite the imposition of socialist president Luiz Inácio Lula da Silva, and the extreme crackdown on free speech being imposed

Recorded in Tampa, Florida, on February 17, 2024.
Special thanks to Liberty Villages and the Shrader family for sponsoring this event.

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Tucker Carlson, who recently announced his own new media network, has been making the podcast rounds, talking to hosts of a variety of different ideological backgrounds. An interview a few weeks ago with Dave Smith had a moment that went viral when both men proclaimed Bill Buckley as a great villain of the 20th Century. (Murray Rothbard would agree.) Recently a new clip with Glenn Greenwald made the social media rounds with Carlson claiming that “libertarian economics is a scam perpetrated by the beneficiaries of the economic system.”
Understandably, this quote made Carlson an immediate target for libertarians who frequently celebrate his takes on foreign policy but often cringe when he ventures into economic commentary. While the reaction to defend the label of

For the last few years, Jerome Powell has remained constant: the Fed was ready to do anything necessary until inflation returned to its 2% target. 
Today, Powell blinked.
While the Federal Reserve’s own optimistic projections place their preferred inflation measures staying above two percent until 2026, Powell used the December meeting to unravel the equivalent of a Mission Accomplished banner on the fight against inflation, potentially with the same results that awaited George W. Bush in Iraq. Rate hikes are over, rate cuts — plural — may be on the horizon in 2024.
According to the Fed’s dot plot, three potential cuts was the most popular opinion of FOMC members going into next year, with five other members expecting even more aggressive easing. While the Fed’s

This past weekend, the world witnessed absolute barbarism play out as Hamas agents brutally targeted Israeli civilians. The State of Israel, suffering from a historic failure to protect its residents, has predictably responded with major military operations in the Gaza strip. The result is a growing regional conflict fueled by historic feuds beyond the scale of traditional geopolitical considerations.
Add to this the ongoing war in Ukraine, a less-talked-about conflict between Armenia and Azerbaijan, and the threat of renewed fighting between Kosovo and Serbia, and the world is witnessing the breakdown of a global order established by modern assumptions that are being exposed.
In the later part of his career, Murray Rothbard identified the Whig theory of history

Matthew Mohlman joins Good Money with Tho Bishop to discuss his work with Monument Ventures. Matthew and Tho discuss the need to build better alternatives to woke financial institutions, and the limit of political solutions to address the problem.
Join Bob Murphy, Patrick Newman, Jonathan Newman, and Murray Sabrin in November for a Mises Circle in Ft. Meyers, FL on The White House, the Fed, and the Economy. Use promo code Tampa23 for $10 off registration.
Matthew’s Article on JPMorgan’s Progressive, Anti-Faith Agenda: Mises.org/GM21a
On Politically-Motivated ‘De-Banking’: Mises.org/GM21b
Vivek Ramaswamy on ESG: Mises.org/GM21c
Monument Ventures: Mises.org/GM21d

Good Money listeners can order a special $5 book bundle that includes How To Think About the

For college football fans, it’s already been a wild August week before the first kickoff.
Reminiscent of the Europe of old, and, hopefully, the America of the future, the collegiate athletic landscape in the last several years has witnessed a massive redrawing conference kingdom borders. The most powerful empires are the SEC and the Big Ten, with the former adding the Universities of Texas and Oklahoma and the latter pursuing manifest destiny in the West with the addition of Southern California and UCLA in 2022, and Oregon and Washington this past week.
This shift in borders coincided with a negotiation of television rights. Disney (which owns ESPN and ABC) secured a monopoly on the SEC by adding full broadcast rights to their games to a preexisting arrangement

Trump is essentially being prosecuted for questioning the outcome of an election, and federal paranoia about protecting its own aura of legitimacy is entering a new highly aggressive phase. 

Original Article: "The United States vs. Donald J. Trump"

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To seriously threaten the regime, one must attack it at its roots. This would require rejecting the modern civil rights legal regime, something modern Buckleyite conservatives and James Lindsay-style liberals are not interested in, and unites paleoconservatives and paleolibertarians.

Original Article: "Paleoconservatives Need Better Critics"

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On this episode of Good Money with Tho Bishop, Jeffrey Kauffman joins the show to discuss recent attacks from the SEC on major crypto exchanges. Kauffman, CEO of LBRY and content platform Odysee, shares his own company’s battle with the SEC, the impossible burdens regulators have placed on legal compliance, and why DC’s Operation Chokepoint 2.0 could be a positive for the industry in the long run.
Good Money listeners can order a special $5 book bundle that includes How To Think About the Economy and What Has Government Done to Our Money? with free shipping using promo code "GoodMoney" at Mises.org/Good
Receive a free subscription to The Austrian magazine at Mises.org/Magazine

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Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.

Original Article: "A Bank Crisis Was Predictable. Was the Fed Lying or Blind?"
This Audio Mises Wire is generously sponsored by Christopher Condon. 

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Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.
As Doug French noted last week, Silicon Valley Bank (SVB) was the canary in the coal mine. Over the weekend, Signature Bank became the third-largest bank failure in modern history, just weeks after both firms were given a stamp of approval by KPMG, one of the Big Four auditing firms.
While some in the crypto community are suggesting that the closure of Signature Bank has more to do with a larger war on crypto, the regulatory action was enough to push coordinated action from the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Treasury to do what they do best, ignore clearly established

Recorded in Tampa, Florida on February 25, 2023.

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In recent years, it has become popular in parts of conservative discourse to discuss the “Brazilianization of America,” a reference to the challenges a large country faces in governing an increasingly multicultural “universal nation.” But this weekend, it was the Americanization of Brazilian politics that took center stage as pro-Bolsonaro forces rose up in aggressive protest against the newly inaugurated Lula regime, in a move reminiscent of what played out in Washington on January 6, 2021. The similar challenges facing America and Brazil, including concerns about the state of their democracies, is worthy of exploration, as is the global response to the protest and what that response means for those opposed to the current “neoliberal” international order.
At a

Last year Congress officially declared Juneteenth a federal holiday. While Very Serious talking heads attempted desperately to convince those that would listen that Juneteenth was a long-celebrated American holiday, the reality is that it was largely unknown around the nation prior to congressional action. The episode is a useful illustration of how the state weaponizes secular holidays to promote a larger cultural agenda.
Prior to nationwide riots in 2020, Juneteenth was properly understood as a regional holiday celebrating the emancipation of Texas slaves. The day was understandably a time of celebration for freed Texas slaves and their descendants. Other states have their own days celebrating the end of slavery at times that correlate with their own

Durch die bloße Kraft seiner intellektuellen Arbeit etablierte sich Ludwig von Mises als einer der bedeutendsten Intellektuellen des 20. Jahrhunderts. Seine Abhandlung Human Action ist bis heute ein grundlegendes Werk für die Österreichische Schule der Nationalökonomie. Seine Kritik, die die Undurchführbarkeit des Sozialismus aufzeigte, wurde durch den Zusammenbruch der Sowjet Union illustriert und wurde bis heute nicht ernsthaft intellektuell angegriffen.
Ebenso bedeutend, aber oftmals übersehen, ist seine Arbeit über ein ökonomisches System, das fortlaufend die heutige Welt schädigt: der Interventionismus.
Mises erkannte, ebenso wie Zeitgenossen wie James Burnham, dass die wirkliche Gefahr für freie Märkte im Wesen nicht in einer sozialistischen Revolution

Should skepticism of the 2020 election, fueled by a new administration’s actions, finally convince 50+ million Trump supporters that the barbarians in the Beltway do not represent him, then Trump’s presidency will be—despite his own actions—the disruption that America’s elites truly feared.

Original Article:
Well, they finally got Donald Trump. But he sure scared the bejesus out of them. It took a massive five-year campaign of hysteria, of fear and hate, orchestrated by all wings of the Ruling Elite, from the respectable right to the activist left. The irony, of course, is that the last actions of Trump’s presidency highlighted how little of a threat he, as an individual, truly was to the deep corruption in America’s government. Lil Wayne may be free, but