Mises Search

Despite the many illustrious forerunners in its six-hundred-year prehistory, Carl Menger was the true and sole founder of the Austrian School of economics proper. He merits this title if for no other reason than that he created, out of whole cloth, the system of value and price theory that constitutes the core of Austrian economic theory. But

I recently viewed  Finding the Money , a video aimed at persuading a popular audience of the putative merits of Modern Monetary Theory (MMT).  The video debuted this past May on several streaming platforms and theaters throughout the U.S.  Whether it succeeded or not in its purpose, I will leave it for others to judge.    What I found most

The very sluggish recovery of the economy since the financial crisis — despite zero and near zero interest rates — presents the dominant school of New Keynesian macroeconomists with a conundrum. Many have attempted to resolve the riddle by arguing that such unprecedentedly low interest rates are not the doing of the Fed and therefore do not

A recent  undercover video interview with a Fed economist by a Daily Caller reporter contains explosive revelations about the profoundly anti-democratic doings of the Fed.    In the video, Federal Reserve principal economist Aurel Hizmo , a speech writer for Fed Chair Jerome Powell, reveals “classified information” about how Powell deliberately

The Link between Economic Calculation and Human Personality Economists and historians have clearly shown that the destruction of the value and function of money by hyperinflation makes economic calculation impossible and leads to economic and social disintegration and widespread poverty. What is not so clearly understood, even by many economists,

Finding the Money , a video aimed at explaining Modern Monetary Theory (MMT) to a popular audience, debuted today on several streaming platforms and theaters throughout the U.S.  Whether it succeeded or not in its aim I will leave it for others to judge.    What I found most noteworthy and illuminating  in the 95-minute video was a brief clip of

For Mises, liberalism first emerged and expressed itself in the nineteenth century as a political movement in the form of “peaceful nationalism.” Its two fundamental principles were freedom or, more concretely, “the right of self-determination of peoples” and national unity or the “nationality principle.” The two principles were indissolubly

From the May-June Issue of The Misesian. Few would deny that Human Action is the foundational work of modern Austrian economics and that this is a compelling reason for reading the book. But there is another, equally compelling reason for carefully studying Mises’s great treatise. It is the antidote to the real and immediate threat to human

“What in a communistic society is done upon a decision of the supreme economic council is in our individualistic society brought about by the collective but independent action of the individuals and carried out by the price mechanism.” Gottfried Haberler was one of the first economists to make a rigorous case for the superior productivity and