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Economics is based on human action as purposeful behavior. This means when people act, they try to achieve something. It does not mean that they are always accurate or do the “right thing."
The European elites that imposed disastrous covid-19 restrictions, along with "green energy" regimes and sanctions against Russia are now seeing the results of their policies.
The mission of the Mises Institute is simple. We want to spread the ideas of Ludwig von Mises and the scholars he inspired.
The FedMonetary Policy
Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.
While people from poor countries seek to live in places like the USA because of its stable institutions and welfare state, could migration of people from stable countries to less-developed ones make those countries better off?
Booms and BustsBusiness Cycles
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.
Big GovernmentWorld History
The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.
AntipoliticsLegal SystemThe Police State
The surge of "progressive" prosecutors, many funded by George Soros, has been followed by increases in violent crime.