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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....

A prominent topic that economics students anywhere cannot avoid is market failure. Students everywhere are taught that the free market is inherently unstable and causes problems that can only be fixed through legislation and regulation. As a result, most of those who take an economics class come out of it believing that the state helps counter the shortcomings of the free market.However, the concept of market failure is fallacious as it is based upon faulty economic...

Woodrow Wilson is no longer the left-wing icon he once was owing to his role in promoting segregation in federal employment, and this revised view is much evidenced in Corey Brettschneider’s work “The Presidents and the People.” Those of us already inclined to a negative view of Wilson will find much of value in the book.According to Brettschneider, beginning with his time as a graduate student in political science at Johns Hopkins University, Wilson believed...

Overview: The dollar is mostly consolidating yesterday's CPI-inspired decline. The main features include the market bidding the US dollar back above JPY159 despite more speculation that the BOJ did in fact intervene yesterday and checked on the euro-yen cross in the local session today, and unexpectedly soft Swedish inflation, which the swaps market says could spur three rate cuts here in second half. A record trade surplus and strong aggregate lending figures did...

Let me begin by stating that I recognize national borders as arbitrary perimeters drawn by and around nation-states. I have no love for the state. In fact, the state should be abolished. I have declared, in no uncertain terms, that the state is a violent parasite that produces nothing—other than misery, that is. The state is an oppressive institution that, among other legitimated crimes, drains the social body of capital, extorts the productive elements of society,...

Übersetzungen der amerikanischen Werke von mises.org: Mit dem Crowdfunding auf Kickstarter könnt ihr Andreas Tank dabei unterstützen. Youtube X Die Grundlagen der österreichischen Schule und des Libertarismus sind da, sie sind nur nicht für jeden auf Deutsch zugänglich und das lässt sich ändern. Damit ich mich aber voll und ganz der Aufgabe widmen kann, den Großteil der Mises-Bibliothek ins Deutsche zu übertragen, brauche ich finanziellen Spielraum und kann mich nicht nach einem...

The federal student debt loan amount is $1.7 trillion. This debt portfolio is an installment personal loan. Payments occur monthly. Active students have loan totals not due this year. We have no idea how much of the total will be repaid.The Saving on a Valuable Education (SAVE) plan is President Joe Biden and Secretary of Education Miguel Cardona’s reply to the Supreme Court, who ruled the administration’s original sweeping forgiveness program was unconstitutional....

Overview: The focus today is on the US CPI report. Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly gives it time to cut again before the end of the year. The dollar is trading with a softer bias against most of the G10 currencies. A stronger than expected May GDP report helped sterling reach new four month high. The greenback is also holding below yesterday's high near JPY161.80 against the Japanese yen. The...

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....

My wife often poses the joke “Do you know the difference between doctors and God?” with the punchline being “God doesn’t think he’s a doctor.” The atrocious behavior of my neurosurgeon made me wonder: How does anyone get away with acting like this?In part one of my deep brain stimulation to fix the tremors in my hands, two holes are drilled into my skull while my head was secured in place by a metal cage with a plexiglass box fitted over it. I was sedated to a level...