Today only, Amazon will donate 5% of any purchase to the Mises Institute using Amazon Smile — that’s 10 times more than we normally receive from the program! Best of all, there is no additional cost to you.

Every dollar donated to the Mises Institute goes to promote the ideas of Mises, Rothbard, and Hayek, arming new generations with the knowledge they need to build a freer world.

This offer begins at 12:00 AM Pacific Time, and expires at 11:59 PM Pacific Time. Go to smile.amazon.com to learn more.

The Founder, a movie based on the life of Ray Kroc, vividly illustrates crucial points about entrepreneurship and the market stressed by Mises. In the film, Kroc, played by Michael Keaton, begins as a salesman selling milkshake machines. He meets the McDonald brothers, the owners of a small diner in San Bernardino, California. Kroc has come to investigate because the brothers, Dick and Mac, had purchased six of his machines.

A NBER working paper published this month purports to show how economists, who now undertake more and more policy work, should see their job in terms very similar to plumbers.

Jeff Deist is featured on RT’s CrossTalk with Peter Lavelle.

Has the left been dealt a blow by Brexit and the Trump election, or are we witnessing just a slight bump in the road for the “progressive” ideological program that’s not going away? Unlike what happened in Eastern Europe in the wake of the Soviet collapse, the left in the West never lost faith in the leftist program of the past century.

We are often asked about the mechanisms by which the US Federal Reserve Board (the Fed) influences the level of US interest rates and whether these mechanisms also influence the level of the US money supply. It has long been regarded that the Fed no longer inflates and contracts the money supply but rather simply acts to target interest rates. The purpose of this brief paper is to clarify how the Fed works and the impact that its operations have on the money supply. 

In an oddly jumbled article for the Washington Post, Hugh Hewitt last week somehow managed to group together both opponents of the Export-Import Bank and supporters of so-called sanctuary cities as enemies of the “rule of law.”