Mises Institute

6/29/2026

Mainstream economists claim that understanding and observing reality is not really “doing economics.” Instead, they believe that all we need are abstract theories that predict events well. But over time, financial markets must bend to the real world.

6/29/2026

On this July 4, Americans will celebrate 250 years of independence. However, what are people really celebrating, freedom or a militaristic regime?

6/29/2026

On this July 4, Americans will celebrate 250 years of independence. However, what are people really celebrating, freedom or a militaristic regime?

6/29/2026

Mainstream economists claim that understanding and observing reality is not really “doing economics.” Instead, they believe that all we need are abstract theories that predict events well. But over time, financial markets must bend to the real world.

6/27/2026

Mark Thornton argues modern politics is a power struggle run by elites—and that Austrian economics explains both the rigged system and the way out.

6/27/2026

Comparing Sanders to fascism may seem unusual, but it should not be forgotten that the main leaders of Italian fascism, including Mussolini, were initially socialists before they became fascists.

6/27/2026

Forget equity and fairness and reducing so-called wealth gaps. The current “tax-the-rich” movement is driven by an unspoken pathology: envy.

6/26/2026

While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today’s Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.

6/26/2026

While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today’s Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.

6/26/2026

Were stronger central government under the Articles of Confederation and a central bank really necessary to win the American Revolution, as conservative nationalists of the era claimed?

6/26/2026

The Fed's real mandate is financing government debt and protecting banks. Everything else is propaganda.

6/26/2026

Kevin Warsh's hawkishness is theater. Every Fed chair comes in tough. The Fed's real mandate is financing government debt and protecting banks. Everything else is propaganda. And tariffs historically precede military escalation. Civil War. World War I. World War II. The same playbook is running now.

6/26/2026

Ryan McMaken looks at the little known (in America) secessionist war for self-determination fought by French counterrevolutionaries against the French Jacobins and radicals. The Marxist narrative about this conflict endures, but the separatists were right.

6/26/2026

The famed "Custer's Last Stand" at the hands of Native Americans defending their villages is a reminder of the brutality of the US war against the Plains Indians. History tells us that the "heroic" George Armstrong Custer was really the "reckless" Custer who died underestimating his foe.

6/26/2026

Were stronger central government under the Articles of Confederation and a central bank really necessary to win the American Revolution, as conservative nationalists of the era claimed?

6/26/2026

Pandemics offer an alleged challenge to libertarians, as some argue that governments should have the power to order quarantines and impose vaccine requirements. It turns out that statism makes things worse—and that free markets offer the best solutions.

6/26/2026

The Fed was a government-sanctioned cartel engineered by the Morgan, Rockefeller, and Kuhn, Loeb interests to enable coordinated inflation.

6/26/2026

Pandemics offer an alleged challenge to libertarians, as some argue that governments should have the power to order quarantines and impose vaccine requirements. It turns out that statism makes things worse—and that free markets offer the best solutions.

6/26/2026

With the Democrats ascendant under Wilson, the reformers repackage the Aldrich Plan as the ostensibly decentralized, government-supervised Federal Reserve—with Morgan-allied interests securing control.

6/26/2026

The Panic of 1907 becomes the catalyst. Rothbard traces the response.

6/26/2026

Around 1906, Jacob Schiff and his relative Paul Warburg rally the American Bankers Association and its leading commercial bankers behind banking reform.

6/26/2026

The theory put into practice: imposing the gold-exchange standard on U.S. dependencies and client states administered by a cadre of economists and academics and tying client currencies to the dollar.

6/26/2026

Rothbard shows how Conant’s claim that mature economies must export capital abroad linked banking reform to economic imperialism.

6/26/2026

Treasury secretaries Lyman Gage and Leslie Shaw used government deposits to aid the banks and inch the country toward central banking.

6/26/2026

The first organized big-business push for banking reform.

6/26/2026

Why the nation’s big banks grew dissatisfied with the post–Civil War National Banking System.

6/26/2026

Rothbard frames the 1913 Federal Reserve Act as part of the Progressive drive from laissez-faire toward centralized statism.

6/25/2026

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.

6/25/2026

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.

6/25/2026

Democratic Socialists are winning election after election and will have a number of representatives in Congress. What will happen to our society as they continue to gain power? The answers are not encouraging.

6/25/2026

On this episode of Power & Market, Tho, Connor, and special guest Ryan Turnipseed pay tribute to the Maestro, consider whether Democratic Socialists are part of Greenspan's legacy, and embrace Justice Clarence Thomas as a Rothbard respecter.

6/25/2026

Democratic Socialists are winning election after election and will have a number of representatives in Congress. What will happen to our society as they continue to gain power? The answers are not encouraging.

6/25/2026

6/25/2026

The famed "Custer's Last Stand" at the hands of Native Americans defending their villages is a reminder of the brutality of the US war against the Plains Indians. History tells us that the "heroic" George Armstrong Custer was really the "reckless" Custer who died underestimating his foe.

6/24/2026

Long before modern economics, the Greek philosophers were laying the groundwork for understanding human cooperation in a social setting, helping to give birth to economic thinking.

6/24/2026

Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty.

6/24/2026

The Fed Chair’s job isn’t to stabilize the economy. It’s to use prestige, technical jargon, and mind-numbing dullness to cover for the central bank’s expropriation of the American people. And Alan Greenspan excelled at that.

6/24/2026

The Fed Chair’s job isn’t to stabilize the economy. It’s to use prestige, technical jargon, and mind-numbing dullness to cover for the central bank’s expropriation of the American people. And Alan Greenspan excelled at that.

6/24/2026

James Bovard recently ventured near Washington’s Reflecting Pool and reports on the current madness involving the algae problem and Trump’s efforts to have it cleaned—along with extra security.

6/24/2026

Long before modern economics, the Greek philosophers were laying the groundwork for understanding human cooperation in a social setting, helping to give birth to economic thinking.

6/23/2026

Manufacturers have indicated job cuts for three of the past four months as they seek to reduce head count over costs and demand concerns.

6/23/2026

As AI develops, some people are getting the wrong idea and want to assign moral rights to chatbots and other AI products.

6/23/2026

Tokyo also wants more spending, and it will be hard to keep control of yields while further increasing Japanese deficits.

6/23/2026

The intellectual path from Ancient Greece to modernity is littered with the path of numerous philosophers, movements, and events, both peaceful and violent that have shaped thinking throughout the ages.

6/23/2026

Ryan McMaken reviews a new book on the political institutions of the Middle Ages, 'The Medieval Constitution of Liberty: Political Foundations of Liberalism in the West.'

6/23/2026

6/23/2026

The Declaration of Independence of July 4, 1776, embraces two value sets. The first is natural rights, and the second is limited government.

6/23/2026

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.

6/23/2026

6/23/2026

"The war of aggression against Iran was ' a bridge too far' for the U.S. empire."

6/23/2026

Its ability to wage war and occupy more territory in Lebanon — and for how long — certainly comes into question.

6/23/2026

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.

6/23/2026

Oracle cut thousands of jobs in order to have more readily available cash it can use for its AI data center buildouts.

6/23/2026

To help mark the passing of former Federal Reserve Chairman Alan Greenspan, we run this 2001 piece from Dr. Joseph Salerno, who understood the Greenspan fraud long before "The Maestro" tanked the US economy by setting off the Housing Bubble.

6/22/2026

The velocity of money doesn’t have a life of its own. It is not an independent entity and, hence, it can’t cause anything. Contrary to popular thinking, money does not circulate. Money always belongs to somebody.

6/22/2026

Mises Editor-in-Chief Ryan McMaken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire.

6/22/2026

Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy.

6/22/2026

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.

6/22/2026

On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see.

6/22/2026

Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy.

6/22/2026

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.

6/22/2026

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.

6/22/2026

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.

6/20/2026

Kevin Warsh may talk tough, but Mark Thornton argues the Fed’s real mandate hasn’t changed: finance Washington, protect Wall Street, and let inflation grind down everyone else.

6/20/2026

The intellectual path from Ancient Greece to modernity is littered with the path of numerous philosophers, movements, and events, both peaceful and violent that have shaped thinking throughout the ages.

6/20/2026

For many years, some economists and politicians have painted income equality as a major threat to our economy and well-being. As usual, they understand neither inequality nor economics.

6/20/2026

For many years, some economists and politicians have painted income equality as a major threat to our economy and well-being. As usual, they understand neither inequality nor economics.

6/19/2026

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?

6/19/2026

In this week’s Friday Philosophy, Dr. David Gordon reviews John C. Calhoun’s A Disquisition on Government, published in 1850. Like Murray Rothbard before him, Dr. Gordon finds plenty to like in this book.

6/19/2026

While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has created many problems there—just as it has done elsewhere.

6/19/2026

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.

6/19/2026

The "theory of the firm" doesn't have a consistent answer.

6/19/2026

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.

6/19/2026

Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored.

6/19/2026

As technology advances, progressives believe that this time, all of their social engineering and attempts to establish socialism will finally come to fruition. They are in for a rude surprise.

6/19/2026

Bob sits down with Harvard Economics Professor Pol Antras to discuss his new paper applying Böhm-Bawerk's average period of production to international trade.

6/19/2026

As technology advances, progressives believe that this time, all of their social engineering and attempts to establish socialism will finally come to fruition. They are in for a rude surprise.

6/19/2026

What elites call “historical inevitability” is merely a bureaucratic narrative meant to paralyze action and shield power from its own failures.

6/19/2026

The question is not plan or no plan. Everyone plans. The question is whose plan—and what happens to yours when it conflicts with the planner's. Mises traces the path from Marx to Comte to the social engineers, and shows why the destination is always the same.

6/18/2026

While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has created many problems there—just as it has done elsewhere.

6/18/2026

In this issue of The Misesian, we continue our Year of Rothbard with a new essay from Joseph Salerno on what made Rothbard’s work in Austrian economics so notable. Rothbard took the inimitable work of Mises, as set down in his groundbreaking treatise Human Action, and expanded it further.

6/18/2026

While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator should be to his reckless socialist proposals that would have disastrous consequences.

6/18/2026

On this episode of Power and Market, Ryan, Connor, and Tho discuss the first FOMC meeting under new Fed Chair Kevin Warsh. Out? Forward Guidance. In? Task forces! What should we take away from Warsh's first time addressing the financial press, and will his tenure be an improvement from the past, or present new dangers to the public?

6/18/2026

Names for historical periods like "Renaissance" and "Enlightenment" did not descend to us out of the heavens. Historians and propagandists of centuries past created these names, often for political purposes.

6/18/2026

While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator should be to his reckless socialist proposals that would have disastrous consequences.

6/18/2026

Names for historical periods like "Renaissance" and "Enlightenment" did not descend to us out of the heavens. Historians and propagandists of centuries past created these names, often for political purposes.

6/18/2026

6/18/2026

President Trump's Iran deal has opened an explosive second front in MAGA's civil war, waged by hawkish allies who view U.S. concessions as an existential betrayal of Israel.

6/18/2026

6/18/2026

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.

6/18/2026

Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than business as usual.

6/18/2026

Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May.

6/17/2026

The democratization of urban planning, the politicization of the environmental movement, and the no-growth movement came together to erect enormous barriers to housing construction in California.

6/17/2026

The Mises Institute held a brand-new program developed in honor of Murray Rothbard’s 100th birthday: Rothbard University. The objective was simple: to recreate the magic of our summer student program Mises University in a format specifically for professionals.

6/17/2026

Humans have a tremendous amount of agency in how dangerous natural disasters end up being. Unfortunately, most politicians and government officials have become a major part of the problem.

6/17/2026

Reading this book confirms Charles Tansill’s emendation of a familiar saying: “The paths of military glory lead but to the grave.” When one considers the horrors of war for the combatants, Rothbard’s argument that the costs of war are virtually never worth paying is strengthened.

6/17/2026

For much of its history, California stood out, not only as a land of remarkable natural beauty and extensive natural resources, but as a place with institutions that fueled extraordinary wealth creation. What happened?

6/17/2026

Murray N. Rothbard was a system builder in the mode of Ludwig von Mises, Frank H. Knight, and F. A. Hayek. Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty.

6/17/2026

The Mises Institute announces 11 new Associated Scholars rooted in the Misesian tradition. They are a vital part of our network, growing the Austrian intellectual tradition through writing, teaching, and speaking in their professional careers and at their academic institutions.

6/17/2026

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.