During the campaign, candidate Trump constantly railed against Janet Yellen and her Federal Reserve. The Fed was keeping interest rates low because they were “more political than Hillary Clinton,” Trump repeated while stumping for votes. Unfortunately President Trump has a different opinion. Yellen is no longer “toast,” and he wants to keep
Tatsuya Iwakura — translator of many works by Mises and Rothbard into Japanese — has completed two new translations now available on Amazon: The Case Against the Fed by Murray Rothbard The Essential Rothbard by David Gordon Other translations by Mr. Iwakura include: The Essential von Mises by Murray Rothbard Socialism by Ludwig von Mises
[From the Austrian Economics Newsletter , Fall 1987.] James McGill Buchanan is the founder of the New Political Economy called Public Choice. He had devoted his 40-year career to applying the economic tools of methodological individualism and subjectivism to the study of government and political decision making. He has made important and
Tax day came and went this week, ironically moved to the 17th due to Washington DC celebrating “emancipation day.” Washington’s addiction to spending keeps tax rates high, while the labyrinthine enriches lobbyists while causing headaches for Americans across the country. As Ludwig von Mises write in Human Action , “The metamorphosis of taxes into
As expected , the first week of the Trump administration has brought a mix of good and bad. The good: Trump has already begun to reverse course on government managed trade agreements , started cutting away at special interests , and seems to be generally offending the Washington bureaucracy. The bad: his protectionist instincts were in full
January’s top ten most-read articles by page views. These do not include hits for mises.org articles reprinted on other high-traffic sites like ZeroHedge and Business Insider : No Country Should be Bigger than This by Ryan McMaken A Tariff with Mexico Will Ensure Americans Pay for Border Wall by Tho Bishop The Dangers of a Universal Basic Income
The Federal Reserve opted to stay the course this week after meeting for the first time since Trump took office. The real question is whether 2017 will be the year they begin to normalize their balance sheet. While the Dow jumped over the 20,000 mark again on Friday , the Fed’s continued inaction and continually unimpressive GDP numbers paint a
Last week, Chris Calton completed his first season of Historical Controversies podcast, which covered the History of the War on Drugs. The complete, twelve-episode series is available on iTunes , YouTube , Soundcloud , Google Play , Stitcher , Mises.org , or via RSS feed . And, if you enjoy it, please leave a positive rating and review. For
The Theory of Money and Credit , Ludwig von Mises’s 1953 treatise on monetary theory , is now available as a free audiobook narrated by Jim Vann. In a step-by-step manner, Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory. The audio files are currently available on
One of Ludwig von Mises’s most important political speeches is our year-end gift for donors! Receive this beautifully printed minibook to enjoy yourself, or to give to friends or family. Throughout his life, Mises was criticized — by allies and foes alike — for his unwillingness to compromise his principles. Unlike other great scholars like
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.