What Is the Rate of Return on the Louisiana Purchase?

07/07/2014 Mises Wire Joseph T. Salerno

Mises Daily Monday by David Howden and Daniel Fernández-Renau Atienza The true benefits of the Louisiana and Alaska Purchases are less clear than their value to pro-government propaganda.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

What Is The Mises Wire?

Mises Wire offers contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

Submitting articles to Mises Wire

Reprints, Permissions and Copyrights

The views expressed on Mises Wire and mises.org are not necessarily those of the Mises Institute.

Subscribe to the Mises Wire RSS feed

Latest Articles

Why Trump’s Tariffs Make No Sense and a Counterproduct to MAGA

08/13/2025 Power & Market Mark Tier

The rise of the internet has replaced manual labor with brain work─which pays way more. And Donald Trump wants to go backwards. That way, more Americans can stand in front of a machine all day.

The Trump-Putin Meeting: How We Got Here

08/13/2025 Mises Wire Connor O'Keeffe

The disheartening and frustrating fact is that Russia is in a much stronger negotiating position now than they were earlier in the war, when Western officials convinced Ukraine to walk away from peace talks and fight.

Newsflash: Governments Lie

08/12/2025 Power & Market Ron Paul

Bureau of Labor Statistics head Dr. Erika McEntarfer is one of the latest persons President Trump has told “you’re fired.” President Trump said this month that he fired Dr. McEntarfer because the...

Harry Truman: Founding Father of the National Security State

08/12/2025 Mises Wire George Ford Smith

Following World War II, President Truman helped produce the modern national security state by creating the Central Intelligence Agency. Only later did Truman regret what he did, as the CIA turned into a monster that could never be tamed.

You Created Jobs for Robots?

08/12/2025 Power & Market Raushan Gross

Do we save human job roles at the expense of more deeply-efficient deliveries of products and services that we love so much?

Meet the Writer

Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University...

Why We Need Austrian Economics

08/08/2025 Ryan McMaken Joseph T. Salerno

Economist Joseph Salerno, an expert on the Austrian School, money, and methodology, joins us to talk about what makes the Austrian School of economics different.

Closing Remarks and Awards Ceremony

07/26/2025 Joseph T. Salerno

Joe Salerno wraps up Mises U 2025.

Subscribe to our Mailing Lists

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.

Become a Member