ABSTRACT: Scholars across political philosophy, theology, economics, sociology, sociobiology, and history presently acknowledge that theistic and secular religions are similar in form and function. This essay goes further by establishing that all religions are congruent and otherwise complementary rather than being merely similar. All religions, regardless of their basis, are institutionalized behavioral responses to the “evil” represented by the...
Read More »The Present Monetary System Is Heading for a Breakdown
Many economists incorrectly assume a growing economy also requires a growing money stock, assuming that economic growth gives rise to a greater demand for money. It is held that failing to increase money to facilitate increased trade will lead to a decline in prices of goods and services, destabilizing the economy and leading to an economic downturn.Some commentators believe that the lack of a flexible mechanism coordinating demand versus the money supply is the...
Read More »QJAE: Man of Action: Murray N. Rothbard’s Contributions to the Theory of Entrepreneurship
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....
Read More »Ludwig von Mises, Hero
In 1981, when I was thinking about starting the Mises Institute, the two things that really motivated me were, one, that I thought that the Austrian school was diminishing in influence in this country and other countries. The other thing: I thought that Mises, who I thought was such a great hero, was no longer being recognized. I thought that was an alarming and quite a terrible thing.So, I asked Mrs. Mises to her favorite restaurant, which was the Russian Tea Room,...
Read More »Underdog Moicano Wins UFC Fight, Bashes Macron in France, Promotes Hoppe
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...
Read More »Economically-Illiterate Policy Proposals Are Popular, And Economists Are to Blame
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....
Read More »Against the Hamiltonian Statecraft
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....
Read More »What Does ChatGPT Know about Money?
Given the contentious topic of money and its influence on the world, I decided to see what ChatGPT “knows” about it. I was surprised by the breadth of its responses, as well as its information on free market positions, especially those of the Austrian school.Though my prompts (queries) were exactly as I present them here, ChatGPT was so expansive I had to edit its results due to article length restrictions. For emphasis and to mark subject headings ChatGPT frequently...
Read More »The Vampire Fiat Money System: How It Works and What It Means for Your Wealth
Who doesn’t know them: the blood-sucking vampires, the eerie undead, immortalized in countless films, and inspired primarily by Bram Stoker’s novel Dracula (1897). Just think of iconic movies like the silent film Nosferatu – A Symphony of Horror (1922), Dracula (1958) with Christopher Lee, Roman Polanski’s parody The Fearless Vampire Killers (1967), or Nosferatu – Phantom of the Night (1979), starring Klaus Kinski as Count Dracula. Vampires are demons who rise from...
Read More »China on the Edge of Recession
China is on the edge of recession — excluding Covid, for the first time since 2008 — as new data showed all-important manufacturing contracted for the fourth month in a row with particular weakness in new orders.In other words, what they’ve got is a backlog, then it’s a cliff.Manufacturing makes up a third of China’s economy — much more than the US. The collapse of China’s property — another third of China’s economy — is adding further fuel to the fire.Offices...
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