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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Laurence M. Vance

Air travelers were outraged when the FAA announced that there would be flight delays because air-traffic controllers had to take furloughs as a result of sequester budget cuts. But there is another federal agency whose budget cuts Americans should be cheering—the Drug Enforcement Administration.

Mises Institute

Celebrating anniversaries for the Austrian School of economics. One hundred years ago, Ludwig von Mises began his career as an intellectual leader and creative genius with his groundbreaking The Theory of Money and Credit. Fifty years ago, Murray Rothbard took his own place in the ranks of creative geniuses, and inaugurated the modern Austrian movement with his great treatise Man, Economy, and State. And thirty years ago, Lew Rockwell, with the help of Margit von Mises, Murray Rothbard, F.A. Hayek, Henry Hazlitt, Ron Paul, and heroic donors, created the first institution solely dedicated to Austrian economics, the Ludwig von Mises Institute.