Mises Institute

Egalitarians mock Adam Smith's invisible hand as free-market superstition, then explain every billionaire with an invisible hand of their own. Joshua Mawhorter on the luck argument for redistribution.

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of

While governments charge fees for just about everything, suddenly governments have decided that private fees are harmful. Illinois has been especially aggressive in trying to make certain transaction fees illegal, but the results are different than what politicians there anticipated.

It is one thing to understand socialism on an abstract basis but quite another to spend an extended amount of time in a socialist country, this one being the former USSR. The failures of socialism become obvious when seen on the ground.

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of

Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.

Despite opposition from the Trump administration and the backlash against its implementation, DEI still has not disappeared from our body politic. It takes on other names, but not other forms.