Grace Ann Converse is a junior studying economics and applied mathematics at Oklahoma State University, as well as a graduate of Mises University 2019 and 2020.
Listen to the Audio Mises Wire version of this article. This year has been interesting for Wall Street, to say the least. After hearing that hedge funds had shorted the stock of the dying retail chain...
Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.
What is the Mises Institute?
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.