The Cultural and Spiritual Legacy of Fiat Inflation
The notion that inflation is harmful is a staple of economic science. But most textbooks underrate the extent of the harm, because they define inflation much too narrowly as a …
Mises Wire
40th Anniversary Supporters Summit
Mises WireThe Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von …
3 Ways Biden’s Election Was a Good Thing
In this episode, Ryan McMaken and Tho Bishop consider the counterfactual of what would have happened if Donald Trump were still president. What would the political landscape look like if …
The Myths of Reaganomics
I come to bury Reaganomics, not to praise it. How well has Reaganomics achieved its own goals? Perhaps the best way of discovering those goals is to recall the heady …
The Growing Pile of Public Debt Shows that Inflation Is Here to Stay
After more than a decade of subdued consumer price inflation despite gigantic monetary and fiscal stimuli, last year’s surge in consumer prices took most central banks by surprise. First, they …
The Canadian Truckers’ Battle against Covid Tyranny
The tinpot dictator Justin Trudeau thought he could extend his regime of covid tyranny, but a massive number of Canadian truckers have defied him. They have a good chance of …
Yousif Almoayyed: How Austrian Economics Helps Me Make Best Use of All My Business Knowledge
Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and incomplete and sometimes wrong. …
Innovation and the State
[Should the state back science or even plan its progress? In this excerpt from a longer and previously unpublished study written in 1959—two years after Russia’s launch of Sputnik and …
Austria Doubles Down on Forced Vaccinations
On November 15, 2021, the Austrian government ordered a lockdown for the unvaccinated. This drastic step occurred after citing low vaccination rates and the goal to decrease the risk of transmission …
What Would Mises Have Thought of “Special Economic Zones”?
In response to the argument in favor of closing loopholes, Ludwig von Mises once noted that “capitalism breathes through those loopholes.” In many ways, special economic zones (SEZs) are the …