While governments charge fees for just about everything, suddenly governments have decided that private fees are harmful. Illinois has been especially aggressive in trying to make certain transaction fees illegal, but the results are different than what politicians there anticipated.

Aluminum’s Heavyweight

07/29/2026 Power & Market Stephen Anderson

Two US government interventions are impacting global aluminum’s supply, demand, and prices.

Back in the USSR: Spending Two Weeks in a Real Socialist Country

07/29/2026 Mises Wire Patrick Barron

It is one thing to understand socialism on an abstract basis but quite another to spend an extended amount of time in a socialist country, this one being the former USSR. The failures of socialism become obvious when seen on the ground.

I Spent 28 Years Arresting Criminals. Rothbard Was Right All Along

07/28/2026 Mises Wire Carlos Dória

Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.

Meet the Writer

Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined...

The Myth of Free Banking in Scotland

07/29/2026 Murray N. Rothbard

Scotland's celebrated free banks were neither free nor superior.

The Myth of Democratic Socialism

07/17/2026 Murray N. Rothbard

The problem with socialism was never the wrong people in charge. It was socialism.

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.

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