The Bailout Fallacy
Ruchir Sharma, a non-Austrian, gets it right. He lends strong support to the Austrian position that because competition moves resources to where they best fulfill consumer demand, the government must not interfere with this process by bailing out businesses that fail.
A Praxeological Critique of the Equation of Exchange and Neutrality of Money
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.
The Inflationist View of History
Perhaps John Maynard Keynes’ best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.
Tariffs Won’t Save the US Dollar
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being “tough” in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
Economists and the State: From Enemies to Friends
The state and its friends reject the scarcity principle and uphold its polar opposite, the Santa Claus principle.
Inheritance Tax Hikes Threaten Farmers’ Property Rights in the UK
Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.
What Has Government Done to Our Money?
In the last few years, many Americans have started to see the truth about the Federal Reserve. Putting this book in their hands at this moment will have a profound effect for the better.
Matt McCaffrey on Frank Fetter vs. Alfred Marshall on the Theory of Rent
Dr. Matt McCaffrey joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.
Christmas, Capitalism, and Consumerism
Social critics often tell us that capitalism is contrary to the true meaning of Christmas. In truth, markets and entrepreneurs work to make Christmas more joyous and comfortable.
The French Revolution
What happens when the Department of Government Efficiency fails? Human devolution or political revolution? Or both? Mark Thornton discusses some pertinent lessons from the French Revolution.
Dr. Keith Smith: What Critics Miss About For-Profit Healthcare
In the wake of the shooting of UnitedHealth CEO Brian Thompson, Dr. Keith Smith explains why US health care is so expensive and how to fix it.
Virtual
In January 2025, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.
-
Tampa, FL
Join the Mises Institute for its fifth year in a row in Tampa for an exciting discussion on the future of academia and alternatives to state-controlled education.
-
Auburn, AL
Join us in Auburn in March for Libertarian Scholars Conference 2025.
-
Auburn, AL
The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.
