Mises University 2025

I’d like to begin by telling you something about how I founded the Mises Institute in 1982 and what we are trying to accomplish. Forty-five years ago, when I was contemplating the creation of a Ludwig von Mises Institute, the Austrian School of economics, and its Misesian branch in particular, were very much in decline. The number of Misesian economists was so small that all of them knew each other personally and could probably have fit in Mises’s small living room. This is a world that young people today, who find Austrian economics all over the place, can hardly imagine.

Cold War 2.0 Heats Up

Last week the nuclear rhetoric between the US and Russia made some of us feel like we were transported back to 1962. Back then, Soviet moves to place nuclear-capable missiles 90 miles off our coast in Cuba led to the greatest crisis of the Cold War. The United States and its president, John F. Kennedy, could not tolerate such weapons placed by a hostile power on its doorstep and the world only knew years later how close we were to nuclear war.