Even amidst plenty of bad news, quiet revolutions happen all around us. No American industry is more ripe for disruption than medicine. Americans are addled; sick, overweight, mentally unwell, and dependent on too many prescription drugs. The business of “healthcare” is dominated by government—Medicare—and “private” insurance company middlemen,
Should young people go to college? Should parents, grandparents, and teachers urge them to go to college? These are now open questions. Perhaps we should ask whether they “still” should go to college. Not too long ago, the default answer was a resounding yes . College was not only the path to higher earnings, but the gateway to status :
All of a sudden everyone is an expert on inflation. Your brother-in-law, your local paper, and even dilettantes at dubious outlets like the Washington Post or The Atlantic feel compelled to explain our current predicament. With the admitted rate of consumer inflation running somewhere around 8 percent, and the real rate much higher, even
It’s been a memorable spring for Ilya Shapiro. Mr. Shapiro, a longtime legal scholar and VP at the Cato Institute, was hired by Georgetown University Law Center at the beginning of 2022. In February he would join his well-known colleague Randy Barnett at the school’s Center for the Constitution and teach elective courses, presumably in the area
[This talk was delivered on Saturday, September 3, 2022, at the Ron Paul Institute conference in northern Virginia.] I. Introduction Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance
Listeners of The Human Action Podcast and Radio Rothbard sometimes remark on the intro and outro music from heavy metal band Megadeth. Fans of this genre are very familiar with both the band and its founder, legendary guitarist Dave Mustaine. Mustaine is well-known among both fans and his musical colleagues as a highly skilled technical
Why does support for socialism persist? The short answer may be simple human nature, our natural tendency toward dissatisfaction with the present and unease about the future. Even in the midst of almost unimaginable material comforts made possible only by markets and entrepreneurs—both derided by socialists—we cannot manage to conclusively defeat
During a recent trip to Mexico City, Jeff Deist was able to join Sergio Sarmiento of TV Azteca’s adn40 for a great discussion on the meaning of liberty and the power of markets. The interview is available here. The Mises Institute been excited to increase our reach in the Spanish speaking world in recent years thanks to trips like this, as well
We hope you enjoy a new Mises Institute podcast series , focused on Austrian theory in-depth — with the best PhDs discussing core books and core topics. We encourage listeners to look past the white noise and learn — or relearn — real economics. The ultimate goal is introducing more and more people to original sources, from Menger forward. These
Hedge fund titan Ray Dalio is just the latest billionaire to call for government to save us from guys like him. It’s not pretty. Dalio’s recent article titled “ Why and How Capitalism Needs to be Reformed “ is a mess, though to be clear it’s a thoroughly well-intentioned and heartfelt mess. It’s a mix of self-effacement (I’m just a lucky guy
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.
