The Economics of Peace and Abundance

02/21/2018 Power & Market Mark Thornton

From the “Living outside the Matrix” podcast: “Dr Mark Thornton helps bring some clarity to a subject shrouded in jargon and obfuscation. He illustrates the differences between mainstream (Keynesian) economics and the Austrian school.”

Power & Market offers a contrarian take on world events. We favor individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Connect to Power & Market via Twitter and RSS.

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Latest Articles

Stanley’s Orwellian Anti-Fascism

11/15/2024 Mises Wire David Gordon

Erasing History: How Fascists Rewrite the Past to Control the Future . By Jason Stanley. Atria One Step Publishing, 2024; 256 pp. Jason Stanley is a well-regarded philosopher of language, but you...

It’s Greek to Us: Angry Generation Z Women Reenact “Lysistrata” Post-Election

11/15/2024 Power & Market Jane L. Johnson

In the aftermath of Donald Trump’s decisive victory over Kamala Harris on November 5, millions of American women—especially those of Generation Z, born between 1997 and 2012, currently aged from 12 to...

Caplan’s Errors on the UAE and Open Borders

11/15/2024 Mises Wire Artis Shepherd

Arguments advanced to support a political position often fail to withstand the slightest scrutiny. Rather, they are meant to make an impression on the impressionable—those who lack the context...

We’re Already on Track for a $2 Trillion Deficit this Year

11/15/2024 Power & Market Ryan McMaken

The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed. During October—the first month of the 2025 fiscal year—the federal...

The Fed’s “Temporary” Mortgage-Backed Security Experiment Will Last Decades

11/14/2024 Power & Market Alex J. Pollock Paul H. Kupiec

It has been nearly 14 years since Federal Reserve Chairman Ben Bernanke told Congress that the Fed’s emergency quantitative-easing policy, of which the most radical part was buying mortgage-backed...

Meet the Writer

Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the...

Voting on Drugs

11/13/2024 Mark Thornton

The iron law of prohibition states that the more you attempt to enforce prohibition, the more dangerous and the more potent the drugs actually become.

Keynes Was Not Much Better at Investing than He Was at Understanding Economics

11/11/2024 Mark Thornton

John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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