Measuring inflation

The Fallacy of “Measuring” Inflation

While we often speak of measurements of inflation (such as “inflation went up by three percent”), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.

Mises Wire Patrick Carroll
An American flag hangs over wreckage from the July 2025 floods in Texas

The Texas Floods and Political Opportunism

As the Texas floodwaters receded, politicians like Chuck Schumer twisted facts about the tragedy to score a political win. Examining what went wrong to prevent such tragedies from happening again is the right thing to do. But that involves looking at the actual facts.

Mises Wire Connor O'Keeffe
Government machine

Political Machine Rolls on Regardless

Don‘t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It‘s best that we know how to protect ourselves from the consequences.
George Ford Smith
Collectivism

The Mythology of Methodological Collectivism

A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.
Wanjiru Njoya
Luxury car tariffs

Tariffs Destroy Consumer Choice

Although President Trump has claimed that tariffs will ultimately raise our standard of living, they really are taxes on consumers. Furthermore, tariffs also deny consumers the choices they want to make.
Douglas French
Price stability

The Futility of Price Stability Policies

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.
Frank Shostak
Friday Philosophy

An Excellent Casey for Anarchism

Has anyone besides Murray Rothbard made a compelling case for state-free anarchy? In this week‘s Friday Philosophy, Dr. David Gordon extols Libertarian Anarchy by Gerard Casey, which he says provides excellent arguments for doing away with the state.
David Gordon
The Misesian
So long as the unchecked army of bureaucrats, technocrats, and deep-state operatives is allowed free rein, it will be impossible to make progress in limiting the state’s power over individuals.
-
Auburn, AL

Virtual Mises University is the online counterpart to the Mises University conference and can be attended by anyone.

-
Auburn, Alabama

Mises University is the world's leading instructional program in the Austrian School of economics.

-
Delray Beach, FL

Join us for Supporters Summit 2025 in Delray Beach, Florida, to discuss "Making America Free Again." 

Various Locations

This fall, students from across the US are participating in Mises Book Clubs led by scholars at various universities and colleges. These student groups promote deep reading in Austrian economics.

Economics for Beginners

Our Complex World

Complexity: Liberty vs. Power

Can we find freedom and opportunity in an uncertain future? This series explores the complex systems that shape our world.
The Costs of the Progressives

Progressivism

The battle between American individualism and modern progressive collectivism.
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.

Become a Member
Mises Institute