I was a small child when I first heard Salazar, the Portuguese dictator, spoken of. This was in the early 1960s, when I began to accompany my father on road trips he took with our family once or twice a year to Lisbon to visit and monitor the operation of the Portuguese branch office of our family’s life insurance business. I will never forget the
The Spanish government’s announcement that it plans to introduce a new “solidarity tax” on the wealth of those who possess over €3 million has again brought to the fore the debate about taxes levied on wealth and capital. The issue is not merely that the announcement is highly politicized in what is already, de facto, a preelection period, nor
Benedict XVI: A Life By Peter Seewald Volume 1: Youth in Nazi Germany to the Second Vatican Council 1927–1965 Published in English by Bloomsbury Continuum, London, 2020 Translated by Dinah Livingstone Peter Seewald has recently published an extensive biography of Pope Emeritus Benedict XVI, and the work is a masterpiece which, once begun, cannot
Traditionally, Austrian theorists have focused with particular interest on the recurrent cycles of boom and recession that affect our economies and on studying the relationship between these cycles and certain characteristic modifications to the structure of capital-goods stages. Without a doubt, the Austrian theory of economic cycles is one of
This video is an English translation of Jesús Huerta de Soto’s comments about President Javier Milei’s address at Davos. This lecture was recorded during a session of the Master of Austrian Economics program at King Juan Carlos
A History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard Edited with an Introduction by Joseph T. Salerno (Auburn, Alabama: Ludwig von Mises Institute, 2002; 510 pages) A History of Money and Banking in the United States comprises a collection of essays written by Murray N. Rothbard and compiled
Professor Jesús Huerta de Soto responds to one of his students about Javier Milei. He talks about him as an economist, as an academic, as a person, as a politician and as a media effect as a propagandist of anarcho-capitalism. He also analyzes the first steps that he should take as president of Argentina.
Senior Fellow Jesús Huerta de Soto and Fellow Philipp Bagus write: In our own name and in the name of the rest of the Spanish libertarians and anarcho-capitalists we want to send Javier Milei our most enthusiastic congratulations. Today is a historic day for liberty only comparable to the fall of the Berlin Wall and communism. For the first time
The severe financial crisis and resulting worldwide economic recession we have been forecasting for years are finally unleashing their fury. In fact, the reckless policy of artificial credit expansion that central banks (led by the American Federal Reserve) have permitted and orchestrated over the last fifteen years could not have ended in any
In chapter 9 of my book, Money, Bank Credit, and Economic Cycles ( pp . 789–803), I design a process of transition toward the only world financial order that, being fully compatible with the free-enterprise system, can eliminate the financial crises and economic recessions that cyclically affect the world’s economies. Such a proposal for
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.