Mises Wire

Support Mises University 2026 by helping students take home Austrian classics and get the special edition 40th anniversary t-shirt.

While Adam Smith is celebrated in some circles as the “Father of Free-Market Economics” (Austrians would disagree), his writings on the “disadvantages” of the worker misleading.

The media tells us that the rape allegations that brought down Graham Platner’s Senate campaign just came to light. Actually, the media had those allegations for months, but sat on them to protect Platner’s campaign.

Every July 4th, politicians climb podiums, flags wave, a hundred million dollars’ worth of fireworks scatter across the sky, and somewhere between the hot dogs and the stadium-rock anthems, it becomes easy to confuse the theater of freedom with the substance of it.

As AI becomes a more important and visible part of our lives, the movement to regulate it also grows. The standard regulation narratives—that government regulates things in the name of the public interest—clearly do not fit the facts.

"The main aim of American foreign policy is to impose the will of our ruling elite on the rest of the world." 

Democratic socialist candidates are becoming a serious political challenge in Democratic Party primaries. Have Americans suddenly become convinced by the arguments in favor of command economies, or is there something deeper going on?

Contrary to a common—and incorrect—critique of Rothbard, he was not a fanciful purist who refused to support any political movement that failed to be perfectly libertarian in every way. 

While Ludwig von Mises and Murray Rothbard are better known in circles of Austrian economics, Israel Kirzner also made many contributions in the area of entrepreneurship. 

Let's look at the nature and the different causes of the interest rate, from the point of view of economics, and with a concise moral analysis of incomes from money loans.