Mises Institute

Bastiat emphasized that much of what goes on in the economy involves things we don’t see directly. Intermediaries often fall into Bastiat’s category of things “not seen.”

In a recession or a crisis, the right approach for individuals is to save. So too for the national economy. Saving does not cause the economy to fall into recession any more than more spending can save it from recession.

No one can legitimately create a monopoly on ideas. The problems of freedom are solved with more freedom and worsened with less.

Some modern historians claim they are “doing science.” However, Ludwig von Mises in Theory and History decried what he saw as “scientism” instead of real scientific inquiry.

From the perspective of the state, the ideal society is one composed of single parents raising a small number of children in irreligious households.

Dr. Hülsmann offers his concluding thoughts on his debate with Philipp Bagus regarding the monetary consequences of closing the central bank of Argentina.

It is an article of faith in mainstream economics that an economy cannot grow without a growing money supply. Yet, that is a false narrative, as increasing the supply of money over time ultimately sparks inflation and triggers business cycles.

While the NBER collects economic data ostensibly to aid policymakers, the data it acquires is useless without proper economic theory to correctly interpret the numbers.