Mises Institute

Mainstream economists, not to mention most financial journalists, claim that deflation is as bad or worse than inflation. The Austrians know better. We need deflation and we need it now.

The question is not whether a politician’s intention is good. The market does not care about intentions. It responds to incentives.

The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.

The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.

Over the centuries, many academic institutions and publications have played their role in the good work of defending freedom. The Mises Institute does this today.

The Kenyan government from 2014 to 2024 perfectly illustrates Rothbard’s thesis: a parasitic caste that siphons public funds while cloaking predation in the rhetoric of development, security, and public service.

This war is not just making energy more expensive, it’s knocking out the higher order goods the global structure of production depends on. This has already locked in dangerous shortages in critical industries like healthcare, food production, and much more.

Garrison developed over the course of his career what has come to be called capital-based macroeconomics, a full-blown Austrian alternative to mainstream macroeconomics that he laid out in his great work, Time and Money: The Macroeconomics of the Capital Structure.

In this issue of The Misesian, Patrick Newman explores the many ways that Rothbard remains relevant to current economic and political controversies. And other articles, all of which are in the Rothbardian tradition of advancing the scholarship of freedom and sound economics.

I think any study of history or even the present ought to rely on the belief in contingency, that human action is what drives history, not broad deterministic sweeps of things that human beings are not in control of.