From Chapter 24 of Human Action by Ludwig von Mises: Popular opinion sees the source of the conflicts which bring about the civil wars and international wars of our age in the collision of “economic” interests inherent in the market economy. Civil war is the rebellion of the “exploited” masses against the “exploiting” classes. Foreign war is the
The Mises Institute is pleased to welcome John Papola to the Austrian Scholars Conference , March 11-13, 2010, Auburn, Alabama. John is the co-producer along with Russell Roberts of “Fear the Boom and Bust,” the youtube smash hit that pits Hayek against Keynes in a rap song about the business cycle. The video (now with 785,000 views) has brought
This week has been marked by devastating illustrations of why so much of the public distrusts the institutions of the state. On Tuesday , the FBI announced that, in spite of numerous legal precedents otherwise , Hillary Clinton would not be indicted for her mishandling of classified material. The incident was simply the latest example of how the
[ Originally published July 17, 2016. This letter was published during the campaign by Joseph Salerno, Mark Thornton and 25 other economists. ] An Open Letter to Donald Trump We the undersigned urge you, the presumptive Republican nominee for President, to support a rebirth of free-market capitalism in the U.S. You have said repeatedly that you
With last week’s headlines driving national attention to the issue of policing in America, the Mises Wire had several articles focused on the underlying issues plaguing public law enforcement and how the market is the best means for solving them. A leading problem is that there are simply too many laws to begin with , increasing the amount of
We are less than a month away from the election and it can’t be over soon enough. In the latest strange turn, several DC libertarians came out against prosecuting unlawful politicians and in support of a government-managed “common market,” rather than genuine free trade that can be imposed unilaterally. In DC, regulators continue to expand
The September-October issue [PDF] covers this year’s grim election circus. Our physical print publication goes out six times per year with new articles from our top writers, book reviews from David Gordon, and news about the Mises Institute. All members who request it will receive physical copies. For email notifications of when new issues are
Do central banks have a plan? Do they know what they’re doing? The BBC wonders, and Mises Institute President Jeff Deist provides some of the answers : Should central bankers, once seen as the new rock stars of the finance world, be more aptly described as failed heroes? As the world’s finance ministries battle to revive their ailing, post-crisis
Introduced by Murray Sabrin, Joseph Salerno spoke on “Why Falling Prices Are Good for Business” at Ramapo College in New Jersey on October 4. Dr. Salerno’s portion of the talk begins at 6:20. The lecture is followed at the one-hour mark by a panel discussion covering business cycles, the Fed, interest rates, and financial crises with Alex
As the 2016 election draws near, the elephant in the room — whether the candidates and the public know it or not — remains the central bank and its continued power over both the domestic and global economy. There is good reason to believe, of course, that the Fed is actively crafting policy to avoid any economic crises before the election, in
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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.