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

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Do We Need a Lender of Last Resort?

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency?


Reading the Road Map to a Police State

Radley Balko examines the history of government policing, lost rights, and the symbiotic relationship between the police state and the war on drugs.


Mises Economics Blog

Mark Thornton: Obama Care Update
I have previously reported about a friend of mine and her experience with Obama Care. Earlier this year her catastrophic health insurance was canceled as insufficient under Obama Care regulations. Her monthly premiums would have increased by several ... More »

Mark Thornton: Making Money by Making Money
It was reported today that Federal Reserve Chairwoman Janet Yellen earns over $200,000 as head of the world’s biggest central bank. Amazingly, there are at least 113 employees at the Fed's Washington DC headquarters that earns more than she does! ... More »

Ryan McMaken: Attaining Economic Freedom w/ Mises Institute Senior Fellow Mark Thornton
In this interview, Mark Thornton covers some basics about the Austrian School and the current economic situation. ... More »

Ryan McMaken: Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End
Mises Daily Friday by Joseph Salerno: Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompan ... More »

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In the Mises Store

Origins of Money, The

Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create money ... More »

Case for a 100 Percent Gold Dollar, The

Rothbard shows how money must originate from a commodity. In an ideal system, a dollar would be a unit of weight, and paper money would operate strictly as warehouse receipts for the stock of the mo... More »

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 »

Newly Updated E-books

Planned Chaos

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

Making Economic Sense

Anatomy of the State

The Private Production of Defense



Online Courses in the Mises Academy See All Courses


"Human Action: Austrian Sociology"
This course covers Part II of Human Action. It is not required to have take... (more) Register Now

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

"How to Think: Introduction to Logic"
This course will present some of the essentials of logic---the science of c... (more) Register Now

"Human Action: Austrian Economics & Philosophy"
It is perhaps the most important and profound book ever written. Yet how ma... (more) Register Now

Upcoming Events

Mises Circle West Coast Regional 2014 in Costa Mesa

Mises Circle West Coast Regional 2014 in Costa Mesa
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Mises Circle Southwest Regional 2015 in Houston

Mises Circle Southwest Regional 2015 in Houston
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Austrian Economics Research Conference 2015

Austrian Economics Research Conference 2015
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High School and College Seminar

High School and College Seminar
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East Coast Regional Mises Circle 2015

East Coast Regional Mises Circle 2015
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Rothbard Graduate Seminar 2015

Rothbard Graduate Seminar 2015
| Auburn, Alabama

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Mises University 2015

Mises University 2015
| Auburn, Alabama

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