Today Jerome Powell announced another .25% increase in the Federal funds rate, bringing it to a range between 1.75% and 2%. In a corresponding move, interest paid on excess reserves by on 20 basis points, rather than 25. This is a small but significant change to Fed policy, a reaction to the Federal funds rate moving steadily towards the Fed’s
Congratulations to Mises Senior Fellow Peter Klein for being recognized by the Strategic Entrepreneurship Society with its Strategic Entrepreneurship Journal Best Paper Prize for his paper “ Opportunity Discovery, Entrepreneurial Action, and Economic Organization .” One of the aspects that makes this award particularly important is that it
The new issue of the Quarterly Journal of Austrian Economics is now available online. This collection includes an empirical study that identifies research and development as the earliest component of the capital structure, a new translation of Joseph Schumpeter reviewing Frank A. Fetter’s Principles of Economics from its original German, and a
Mises Institute Associated Scholar has been named the BB&T Professor of Economic Freedom within the Johnson Center for Political Economy at Troy University. Dr. Manish, a former Mises Research Fellow, has been a member of the Troy faculty since 2012. His research focuses on Austrian economics, macroeconomic theory and development economics, and
With your support, the Mises Institute can send the students home with a stack of Austrian classics such as America’s Great Depression and Where Keynes Went Wrong . After the week has destroyed every preconceived, state curriculum notion of how the world works, Mises U grads have another month before returning to their college classes. Fresh from
Today, Chris Calton kicked-off the third season of his Historical Controversies podcast, which will recount the controversial history of the American Civil War. The complete series (including Seasons 1 and 2) is available on iTunes , YouTube , Soundcloud , Google Play , Stitcher , Mises.org , and via RSS feed . If you enjoy the podcast, please
Congratulations to Mises Scholar Timothy Terrell for being named the T.B. Stackhouse Professor of Economics at Wofford College. As Wofford notes , “The T.B. Stackhouse Endowed Professorship of Economics was established in 1949 by the Wofford Board of Trustees in memory of Stackhouse, who graduated from Wofford in 1880 and resided in Columbia,
Not surprisingly, Judge Napolitano sees the Kavanaugh appointment for what it is — a nod to the DC establishment . On Fox and Friends this morning, Napolitano said: “The Washington establishment, sometimes known as the swamp, wanted Judge Kavanaugh,” said Napolitano. “I am disappointed in the president because this is not the type of person he
The first volume of a new book series on Austrian economics edited by associated scholar Per Bylund and published by the British academic publisher Agenda Publishing is now available: associated scholar Mateusz Machaj ‘s Capitalism, Socialism, and Private Property (2018). In his book, Machaj extends Mises’ and Hayek’s arguments against
John C. Williams will be taking his talents to New York, as the San Francisco Fed President has been announced as the successor to William Dudley. The selection, made by bank representatives within the New York Fed, is the latest example of the Federal Reserve maintaining the status quo . Williams is a career academic who collected his first Fed
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.