Free Market

The Free Market is the monthly newsletter of the Mises Institute featuring articles of application of the Austrian and market viewpoint.

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Helio Beltrao

This Libertas Award acceptance speech was delivered at the XXIII Forum da Liberdade, in Porto Alegre, Brazil, on April 12, 2010.  Tyranny ends when we cease to support voluntarily our own serfdom.

We can date the second Austrian revival almost precisely to the fall of 2008. From that point on, the use of online Austrian resources on Mises.org abruptly doubled from one year earlier, as investors, media commentators, and the public at large frantically sought answers from all quarters while witnessing one iconic financial institution after another topple into bankruptcy.

Graham Dawson

There is no secure foundation in climate science for the current policy rhetoric; governments simply lack the knowledge to operate climate-change policy effectively. Moreover, policy is based on the neoclassical economics assumption that climate change is a case of market failure. However, it is not markets that have failed but governments in failing to protect property rights.

George Ford Smith

Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser—a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it; that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty.

Kel Kelly

In sum, the real cause of continually rising food prices is the printing of money by world governments. And the real cause of actual food shortages is the prevention of profitable global trade in food by the ill-advised policies of the governments of the very people who are starving.