Mises Institute

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.

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.

There is a basic and probably familiar tension in the economics of innovation: competition is regarded as desirable because it disciplines incumbents,

While not as effective an economist as Ludwig von Mises or Murray N. Rothbard, Ludwig Lachmann played an important role in the revitalization of Austrian economics after 1974.

Trump has made his family billions by courting foreign and corporate money and accepting extravagant gifts while in office. But he didn’t bring self-enrichment to Washington, he simply made it much harder to ignore.