Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the world is now turning to gold.

Do Markets Ever Reach Equilibrium?

11/21/2025 Mises Wire Jonathan Newman

Equilibrium is an imaginary construct that should be used only for analytical purposes. Unfortunately, mainstream economists have claimed it should represent a desired state of economic affairs. Austrian Economists know better.

Politics and Government: The Weakness of the State

11/21/2025 Mises Wire Agustín Toptschij

Thinking clearly about the state requires us to think differently than what is typically believed. The state is not a “necessary evil,” but rather it is just evil.

The Futility of Utility

11/21/2025 Friday Philosophy David Gordon

Mainstream economics is obsessed with “maximizing” so-called utility functions and discovering the ubiquitous “social utility curve.” In this week’s Friday Philosophy, Dr. David Gordon takes apart this “utility” fixation.

The Hypocrisy of Social Democracy: Hidden Intentions

11/21/2025 Power & Market Roham Jaberi

Any political figure, celebrity, professor, social or climate activist, or anyone else who calls for elimination or inhibition of this system—and the spillovers it brings—cannot claim that he or she is a friend to civilized society.

Meet the Writer

B.K. Marcus

Grandfather Willcke: Mises’s Unsigned Editorial for the New York Times

04/12/2022 Mises Daily Ludwig von Mises B.K. Marcus

Mises wrote his first New York Times editorial in March 1941.

Radio Free Rothbard

07/30/2014 Journal of Libertarian Studies B.K. Marcus

In almost every discussion of the FCC specifically, or American spectrum policy in general, someone will assert that radio spectrum is a unique resource that belongs to the public. This will be said...

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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.

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