Mises Institute

Mark Thornton explains the Fed’s real problem: the power to paper over debt, deficits, war, and market cracks until the bill hits consumers.

Ask a socialist critic of capitalism how to define capitalism and you will probably receive an incoherent answer. Defining these ways of social organization is vital and understanding them is even more important.

Not even your Roomba vacuum cleaner is safe from state control. Time for the state to give up all economic controls across the board.

The movement toward liberty has roots in two eras, neither of which saw much liberty. One lineage comes from the Enlightenment while the other emanates from ancient philosophers.

Murray Rothbard entered Columbia University at age 16 and by the time he was graduated from that institution with a Ph.D. in economics, he already had done path-breaking work in economics. His legacy has only grown since then.

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.

Freer markets have made what were once luxuries available to the masses, despite state interventions and regulations.

Vail recognized, market competition and “regulation and control are inconsistent with each other, and cannot be had at the same time.” Obviously, Vail favored the latter.

To avoid being blamed for the nefarious consequences of inflation, the government and its henchmen resort to a semantic trick. They try to change the meaning of the terms. They call “inflation” the inevitable consequence of inflation, namely, the rise in prices.

The left is trying to reframe the Jason Arday affair as a witch hunt in which a racist media and a jealous professor hounded him to suicide. However, it was Cambridge University that failed, not those that sought the truth.

There are two types of nationality. The first, as defined by Ludwig von Mises, involves people united by common languages and customs. The second is defined by the state.

In America, French-style violence was simply unnecessary for the revolutionaries to win, and we will never know if the Americans might have resorted to greater violence in different circumstances.

Jacob Siegel visualizes that, in an information-state form of government, government’s ultimate control by voters would get replaced by the digital monopolization of voters’ attention, adjustment of voters’ perceptions, and conditioning of voters to see certain outcomes as inevitable.

Keynesian theory says that the way to end a recession in which the economy is in a “liquidity trap” is for government to ramp up spending. Murray Rothbard demonstrated that this policy actually blocks an economic recovery.