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 »The Corrupt Nature of DEI
Once it is averred that inequality is wrong and the government ought to do “something” to make people more equal, tyranny is always around the corner. Equalization methods and strategies may vary, but some degree of coercion is guaranteed once it is decided to equalize human beings. The philosopher Antony Flew characterized egalitarianism as a procrustean ideal—some must be stretched to breaking point, while others must be cut down to size, in order to ensure that...
Read More »The Road Ahead
Like many of you, I was happy that Donald Trump won the election. Kamala Harris is a committed Marxist, supporter of baby killing, and passionate advocate of the woke ideology. In foreign policy, she would have been guided by the neocons who control brain dead “President” Joe Biden.But we shouldn’t be complacent. Trump is far from ideal, and we need to do all we can to work against the policies he favors that are inimical to a free society. Beyond that, we need to...
Read More »Make Money Free Again
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.Powell claimed that the president lacks the legal...
Read More »Here Come the Awful Neocon Trump Appointments
The first Trump term was notable for countless terrible appointments Trump made. This was true in terms of both politics and policy. On the political end, Trump appointed people who routinely sought to undermine him politically. Many of Trump’s own appointees would go on to campaign against Trump in 2020 and 2024. Trump’s more clueless followers assured us that this was all, somehow, 4-D chess. Of course, it wasn’t. The 4-D chess trope has always been, as the kids...
Read More »The Battle on Lake Geneva—Mises vs. the Statists at Mont Pelerin
Europe was slowly, painfully recovering from WWII. Liberalism—which had seemingly won the day against fascism in the West—was seeking to revitalize itself. It had tried before the war—through the Walter Lippmann colloquium—to moderate itself back into relevance. Many of the figures from the colloquium were intent to try again, with lessons learned from the war. One attendee—Ludwig von Mises—had no intentions of moderating, and was even more convinced that such a road...
Read More »Why “Majority Rule” Doesn’t Work
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 »Price Controls and Alcoholism—The Buzz First, the Hangover Later
Just ignore the economists, says a recent article in The Atlantic. Well, what about listening to economists concerning the devastating effects of price controls? If we ignore economists, then it would be easy to ignore market interventionists’ uncontrollable and intoxicating need to impose price floors and ceilings in marketplaces and the effects of these controls on society at large. What economists know that The Atlantic author does not know is that there are...
Read More »How to Pitch Austrian Economics to Stable Economies
The images coming out of Latin America are hard to ignore. Tens of thousands of gang members in Bukele’s El Salvador lined up, shoulder-to-shoulder, waiting to be placed in prison, their rights suspended as a result of a crackdown on gang activity. Hundreds of government workers for AFIP—Argentina’s version of the IRS—standing in a multi-level gallery, papers drifting down to the bottom floor as they learn the agency has been shuttered. While the two presidents have...
Read More »Assumptions in Economics and in the Real World
Assumptions that some economists are employing in their theories appear to be detached from the real world. For example, in order to explain the economic crisis in Japan, Paul Krugman employed a theory based on the assumptions that people are identical and live forever. Whilst admitting that these assumptions are not realistic, Krugman nonetheless is of the view that somehow his theory could be useful in offering solutions to the economic crisis in Japan. Thus,...
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