DanteBayona

Dante Bayona received his master’s degree in Austrian economics under the direction of Jesús Huerta de Soto in Spain.

Mark Tovey works for a data news agency and has authored numerous reports for London-based think-tanks, including the In

The First Carl Menger Prize Awarded!

The Verein für Socialpolitik is currently the largest association of German-speaking economists in the world.  It was founded in 1873 by economists of the German historical school and was chaired for many years by their leader Gustav Schmoller, who was a bitter opponent of Carl Menger  and the nascent Austrian school.  Well times have certainly changed.

Summer’s Over

Summer’s over at the Mises Institute, but we had lots of great graduate and undergraduate students here this year for Mises University, Rothbard Graduate Seminar, and the Summer Fellows program. It’s not too early to think about which 2015 programs you’ll apply for. 10562592_10202387170030981_3432360040938248080_o At Mises U 2014. Credit: Matt Battaglioli

Time Preference and Long-Term US Interest Rates

After closing at 3.03 percent in December 2013, the yield on the 10-year US T-Note has been trending down, closing at 2.34 percent by August this year. Many commentators are puzzled by this, given the optimistic forecasts for economic activity by Fed policy makers.

According to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates, the central bank, it is argued, through expectations about the future course of its interest rate policy, influences the entire interest rate structure.