Wesley1

Wesley Davenport holds a Master of Economics degree from George Mason University and has worked professionally a

Bhunu1

Tinotenda Bhunu is a Research Officer and Economist at COMALISO (Coalition for Markets and Liberal Solutions), a Hara

40th Anniversary of Mises University

Since 1986, Mises University has been the world’s leading academic program advancing Austrian economics. This July, we celebrated the 40th anniversary of our flagship event with students attending from around the world. Students were able to learn directly from leading scholars of our tradition. They connected with colleagues who share their passions and left with memories that will last a lifetime.

Faculty Spotlight—Patrick Newman

The Misesian: First, what was it like seeing a book that you edited, Murray Rothbard’s The Progressive Era, referenced in one of Clarence Thomas’s Supreme Court opinions this cycle?

Patrick Newman: That was definitely a surprise. I was certainly thrilled. It’s great that Rothbard is getting this type of exposure for his history, being appreciated not just by Austrian economists but by a Supreme Court justice.

Alex Pollock in the ‘Wall Street Journal’

From the Friday, August 21, 2026 print edition:

The Fed and the other became not market makers of last resort, but leveraged buy-and-hold investors of last resort, a completely different thing. A market maker is constantly buying and selling. The Fed was only buying, not selling, in order to push up the price of the securities and to drive down their yields. A market maker is in it to make money on the bid-asked spread; the Fed created giant leveraged naked long positions that might, and then did, lose vast amounts of money.

Alex J. Pollock

Mises Institute