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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....

ESG has become a buzzword for both the American Left and Right. For the Right, it is just a Trojan horse for progressive social attitudes to sneak into business. For the Left it is an alternative to the “cruel” profits-only business model of Milton Friedman. Some on the Right abhor ESG because they worship profit in some abstract material sense. They treat it as if consumerism and profit are materialistic ends to worship in of themselves. But what they ignore is the...

View the video version of this article below, or on Twitter/X.One of the myths being endlessly repeated in this inflationary cycle is the myth that rising prices are caused by greed.For example, Democratic senator Bob Casey is running around Pennsylvania campaigning on the idea while claiming he’ll solve the problem if you re-elect him. Kamala Harris is doing the same.But the fact that greed doesn’t cause inflation is obvious if we just ask why prices across the...

Many millions of Americans fall for the government propaganda that uses wars as excuses to eviscerate American freedoms, spend trillions of dollars and rack up gargantuan deficits that will impose a heavy financial burden for decades to come. In recent centuries, though, there have been many who were not quite so easily fooled. These were the defenders of liberty we now call “classical liberals” or “radical liberals” or “libertarians.” Indeed, the...

The Fake China Threat and Its Very Real Dangerby Joseph Solis-MullenLibertarian Institute, 2023; vii + 145 pp.It’s often claimed that China, aspiring to world hegemony, plans to wage war against the United States. Democrats and Republicans alike warn of an impending war. Joseph Solis-Mullen, a libertarian who often writes for antiwar.com and knows a great deal about China (although he claims he is no Sinologist), dissents. In his view, China poses no threat to...

How States Think: The Rationality of Foreign Policyby John J. Mearsheimer and Sebastian RosatoYale University Press, 2023; 304 pp.In this very useful book, the political scientists John J. Mearsheimer and Sebastian Rosato warn against a logic that leads to war: America is challenged by an evil dictator who will not respond rationally to incentives. Such a person can be dealt with only through overwhelming force and must be eliminated from the scene. Today Vladimir...

Libertarians understand — or should understand — that military conscription is a form of slavery or involuntary servitude. In fact, everyone should understand this. And yet conscription has been employed by the U.S. government for the past 161 years, ever since Abraham Lincoln signed the first federal conscription act into law in March 1863, enslaving thousands of American men.For those who are killed in battle or executed for desertion, conscription is worse than...

From its earliest decades, the defenders of freedom — known historically as “classical liberals,” “radicals,” and “libertarians,” have sought to reduce and limit the war-making powers of the state. This is an unceasing theme across the ranks of the classical liberals, who come from many different nations and who, by today’s mainstream political standards, would nearly all be considered radical anti-war activists. Below is just a sampling of thoughts from these...