Mises Institute

What was once a symbol of American freedom and independence, automobiles are rapidly transforming into a high-tech cage that watches their every move and can override their decisions at will.

Socialists claim that US billionaires are “running the country” by influencing politicians with their money, and the “solution” is to confiscate most of their wealth. But their wealth is not the problem; predatory government is.

Since abandoning socialism 30 years ago, Poland’s economy has grown, as one would expect with a market economy. However, there could be more economic freedom there that easily would translate into a booming economy.

Carl Menger, founder of the Austrian School of economics, served as the tutor for Austrian-Hungary’s Crown Prince Rudolf, the only son of Emperor Franz Joseph. But Rudolph’s untimely death in 1889 would end up changing the ruling dynamics of pre-World War I Central Europe.

Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.

Ryan McMaken dismantles three persistent myths of American healthcare before tracing the origins of social insurance to Bismarck's deliberate scheme to bind citizens to the state "by the chains of gratitude" and closing with Mises' 1944 prediction that a population half-dependent on government healthcare would never vote to dismantle it.

In this week’s Friday Philosophy, Dr. David Gordon takes apart Yale law professor Samuel Moyn’s screed against people living longer than Moyn thinks appropriate.

The free market facilitates mutually-beneficial exchanges that create wealth where it would not otherwise exist, but the market miracle can only exist under certain conditions.

Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.

You earn more than your parents did, maybe significantly more. Yet, somehow, the life they built—the house, the retirement account, the sense of getting ahead—feels further away than ever.

Support Mises University 2026 by helping students take home Austrian classics and get the special edition 40th anniversary t-shirt.

While Adam Smith is celebrated in some circles as the “Father of Free-Market Economics” (Austrians would disagree), his writings on the “disadvantages” of the worker misleading.