Central Banking, Free Banking, and Financial Crises

One of the justification that the White House gives for its onerous tariffs is that they will stop the “offshoring” of American jobs and lead to greater job growth here. That scenario has not and will not ever come to fruition.

Closing a Central Bank: Comment on Bagus

10/29/2025 Power & Market Jörg Guido Hülsmann

It was claimed closing Argentina’s central bank would exacerbate inflationary tendencies, however, there are flaws in this reasoning.

Antitrust Policies Are Based upon Economic Illiteracy

10/29/2025 Power & Market Carlos Boix

Prices in veterinary services for pets have skyrocketed in the UK since 2020, but the only solution interventionists can find is antitrust policy.

Meet the Writer

Roger W. Garrison

Roger W. Garrison received his doctorate degree from the University of Virginia in 1981. He is now Emeritus Professor of...

How the Fed Caused America’s Great Depression

02/27/2024 Mises Wire Roger W. Garrison

The excesses of the twenties, the downturn, and the dramatic slide into deep depression are all traced to governmental disruptions of the market process.

Natural and Neutral Rates of Interest in Theory and Policy Formulation

12/08/2021 Quarterly Journal of Austrian Economics Roger W. Garrison

The so-called art of central banking lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.

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.

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