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Advancing the scholarship of liberty in the tradition of the Austrian School

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Austrians, Fractional Reserves, and the Money Multiplier

Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking. Robert Batemarco adds some clarity to the debate.


The Yield Curve and Our Weakened Economy

In today’s economy, an upward- or a downward-sloping yield curve reflects the Fed’s interest rate policies.


Mises Economics Blog

Hunter Lewis: Leading Keynesian Economist Uses The "D" Word
Most Keynesian economists do not want to admit that we are in another depression.  They find the word painful. They find it painful because it contradicts the idea that Keynesian economic ideas have ended depressions forever. It also con ... More »

Ryan McMaken: Mises Weekends: Jeff Deist Talks Scottish Secession and the EU with Andy Duncan
Jeff Deist and Andy Duncan discuss the rise of UKIP in England, and whether it represents a real populist anti-state uprising or just rightist politics. Andy skewers the strutting political class in London, and the charade of voting Labour or Conserv ... More »

Ryan McMaken: Must Free-Marketers Reject Global Warming?
You can't make this stuff up. Someone at the UK Guardian named David Grimes has declared that economic liberalism, by which he means the ideology of laissez-faire, clashes with scientific evidence. Which scientific evidence, you might ask? W ... More »

Ryan McMaken: The Johnson Center at Troy University
The Johnson Center at Troy University has two Mises alums and former Fellows on the faculty: Malavika Nair and G.P. Manish. Have a look at the center's new video: Writes Malavika Nair: We are getting a Masters program next fall with a focu ... More »

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In the Mises Store

The Law

How is it that the law enforcer itself does not have to keep the law? How is it that the law permits the state to lawfully engage in actions which, if undertaken by individuals, would land them in j... More »

Austrian Macroeconomics

When Murray Rothbard laid eyes on this classic monograph, he cheered. Here we have a graphical presentation that explains the Austrian view of macroeconomics in contrast to the simple and even simple-... More »

Lessons for the Young Economist

This is the textbook Lessons for the Young Economist. We are beyond mere excitement about Lessons for the Young Economist. It is easily the best introduction to economics for the young reader&m... More »

Newly Updated E-books

"Woodrow Wilson's Defeat in Yugoslavia: The End of a Multicultural Utopia"

Making Economic Sense

Anatomy of the State

The Private Production of Defense

Liberty and Property



Online Courses in the Mises Academy See All Courses


"Broken Capitalism"
This course will use some of the best writing of Henry Hazlitt and Ludwig v... (more) Register Now

"How to Think: Introduction to Logic"
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"The Rothbardian Analysis of the State "
Murray Rothbard was a brilliant Austrian School economist and the most famo... (more) Register Now

"Austrian Microeconomics"
The heart of Austrian economics is its theory of value, exchange, productio... (more) Register Now

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