Milton Friedman’s Guitar String Boom-Bust Cycle Theory
In an attempt to explain business cycles, Milton Friedman came up with a plucked-string analogy. Like all Monetarist theories, however, this also had fatal flaws.
One of These Things Is Absolutely Not Like the Others
While people might speak of the “business of government,” there really is no way to compare the two. Business is voluntary; government is coercive.
Political Context of Black Suffrage in the Reconstruction Era
Discussions about black suffrage following the Civil War usually are focused upon black voting rights in the South. However, during that same time, northern states passed laws limiting black suffrage, something that often escapes the history books.
The Significance of the Arlington Reconciliation Monument
The restoration of the Reconciliation Monument at Arlington Cemetery is welcome news for those that realize the historical significance of this monument. Peace and reconciliation are always better than waging war.
Market-Enhancers or Conspiracy-Enablers?
Landlords have been using AI tools to get a better idea of market conditions and changes in the rental market. Naturally, the government is trying to end this practice under the false belief that such tools involve collusion.
The Money Supply Flatlines as Employment Cools and Delinquencies Rise
As the Federal Reserve has delayed lowering the federal funds rate, the money supply has stabilized in recent months. This trend also reflects rising delinquencies, falling home sales, and stagnating employment.
Free Book Giveaway
The 20th century proved that Friedrich A. Hayek was right: socialism doesn’t work; government control of money results in inflation and business cycles; and collectivism breeds war, totalitarianism, and impoverishment.
Peter Klein on Hayek for the 21st Century
Peter Klein joins to discuss the Mises Institute's new book, Hayek for the 21st Century—exploring knowledge, competition, money, and why freedom beats central planning every time.
Hans Hoppe is No Revolutionary
Hoppe is an exacting analyst of what works, not an architect of upheaval.
San Francisco’s Black Market for Housing
San Francisco politicians have made it so difficult to build new housing that a black market for apartments has emerged.
Intel, MAHA, and Trump’s Similarities with Richard Nixon
Assistant editor Joshua Mawhorter joins Tho Bishop and Connor O’Keeffe on the Power and Market Podcast.
Virtual
In September 2025, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.
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Delray Beach, FL
Join us for Supporters Summit 2025 in Delray Beach, Florida, to discuss "Economic Freedom: The Key to Liberty."
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.
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Auburn, AL
Join us in Auburn in March for Libertarian Scholars Conference 2026.
