The people of Iran suffer not only from authoritarian rule, but they also are victims of an economy in which the authoritarian rulers engage in central economic planning that is destroying the economy. It’s an economy based upon plunder, not production.

New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

10/22/2025 Mises Wire Daniel J. Flynn

“I see that you are preparing the groundwork for supporting Nixon,” Rothbard wrote Meyer. “Again, for shame! Is this what conservative principles are coming down to...?"

We Have Not Properly Reckoned with the Economic Insanity of 2020

10/22/2025 Mises Wire Connor O'Keeffe

The governmental response to the covid pandemic was to cripple the economy. To compensate for the damage, the Federal Reserve unleashed massive inflation in an attempt to do what the Fed always does in a crisis: bail out the economic actors.

Silver: London Calling

10/21/2025 Power & Market Douglas French

The white metal’s price chaos of the last week has many similarities with the 1980 Hunt Brothers’ squeeze.

Meet the Writer

Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University...

Book Review: Banking and Monetary Policy from the Perspective of Austrian Economics

08/26/2025 Quarterly Journal of Austrian Economics Joseph T. Salerno

Joseph Salerno reviews Banking and Monetary Policy from the Perspective of Austrian Economics. Covering topics ranging from inflation targeting to cryptocurrency, this collection is indispensable reading for anyone interested in the Austrian monetary thought.

The Young Rothbard: An Uncomfortable Neoclassical Economist

08/21/2025 The Misesian Joseph T. Salerno

When Rothbard wrote his treatise Man, Economy, and State, he was a well-trained neoclassical economist who was completely conversant with the research methods and various strands
of doctrine that composed the emerging neoclassical synthesis.

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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