Mises Institute
- ️Tue Feb 04 2025
The Impotence of Knowledge in Economics
Mainstream economists make too much out of “knowledge.” First, the kind of knowledge one needs to be successful in an economy is not knowing things generally but having an understanding that is more than knowing mere facts. The entrepreneur‘s judgement is ultimately what matters.
Shifting Sands of Constitutional Interpretation
Progressives have created the fiction in which the US Constitution “is what the Supreme Court says it is.” In reality, the justices simply interpret the Constitution according to modern statist progressive viewpoints that fit their own progressive narratives.
High Time Preference Is the Cause of Increases in Long-Term Interest Rates
Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error.
Is It the Money or Is It the People?
Third World economies rarely operate on trust, which inhibits capital development and other important ingredients for economic growth. Is that a case of personal morality or do the monetary systems play a role?
Europe Doubles Down on Stagnation at Davos
When governments subsidize low productivity and penalize high productivity with enormous taxes, the economy suffers. This is why Europe is stagnating.
In Defense of Free Market Radicalism
Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.
The Consumer Financial Protection Bureau Harms Those Whom It Claims to Protect
If President Trump is looking for a federal agency to abolish, he needs to look no further than the misnamed Consumer Financial Protection Bureau.
A Philosopher Goes on Holiday
In this week‘s Friday Philosophy, Dr. David Gordon looks at Allen Wood‘s attempts to salvage Marx‘s theory of exploitation. While Dr. Gordon acknowledges Allen‘s expertise in 19th-century philosophy, he notes that Allen truly misunderstands economics.
Should Greenland Become an American Colony?
President Donald Trump has openly called for the US to annex Greenland. However, Greenland‘s residents don‘t want to be part of the US empire. Unfortunately, this is another chapter in the sorry history of US acquisitions.
Now Is a Great Time for California to Secede
California secession would not change the US into a laissez-faire paradise, but the positive change would be immense.
What Has Government Done to Our Money?
In the last few years, many Americans have started to see the truth about the Federal Reserve. Putting this book in their hands at this moment will have a profound effect for the better.
American Satisfaction
Opinion polls and the latest electoral results are at odds with the facts as presented by mainstream media and government statistical offices. What is going on?
Would Trump’s Plan to Replace Income Tax with Tariffs Work?
Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs.
The State vs. Homeschoolers
Ryan McMaken and Heather Carson discuss how homeschooling is a way to resist and sabotage the many ways the state centralizes power and destroys private institutions.
Modern Piggy Banks
Pundits have labeled piggy banks small change, irrational and wasteful, “just sitting around doing nothing.” As usual, they are wrong.
February 22, 2025 - February 22, 2025
Tampa, FL
Join the Mises Institute for its fifth year in a row in Tampa for an exciting discussion on the future of academia and alternatives to state-controlled education.
The Mises Apprenticeship is designed for those who want to engage in the battlefield of ideas from outside the constrained and stagnant ivory tower.
March 20, 2025 - March 20, 2025
Auburn, AL
Join us in Auburn in March for Libertarian Scholars Conference 2025.
March 20, 2025 - March 22, 2025
Auburn, AL
The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.
Economics for Beginners
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.