What is money, where does it come from and more importantly where does it go? At first glance, it might appear inexplicable and bizarre that our governments and our rulers have managed to keep their stronghold over the monetary system for 2000 years, especially when one thinks about the countless ways in which they abused that power and used their
With the recent legalization of hemp in the United States, one may ask the question of why it was ever illegal to begin with. Being a non-psychoactive form of cannabis, its uses were entirely industrial. One need not be a libertarian to recognize that the prohibition of hemp ranks among the most absurd and pointless laws our government passed in
The long-running joke about Brazil is that it is the country of the future, and always will be. If Jair Bolsonaro is able to follow through on the tone he has set at the start of his presidency, however, it may not be long until the future becomes the present. Officially sworn into office at the start of the year, the Bolsonaro administration has
Listen to the Audio Mises Wire version of this article. Is Venezuela paying the price for adopting gun control? The shocking nature of Venezuela’s economic collapse has been covered ad nauseam . However, one aspect of the Venezuelan crisis that does not receive much coverage is the country’s gun control regime. Fox News recently published an
Samuel Moyn, a Yale law professor, recently asked , “What is ‘cultural Marxism?’” His answer: “Nothing of the kind actually exists.” Moyn attributes the term cultural Marxism to the “runaway alt-right imagination,” claiming that it implicates zany conspiracy theories and has been “percolating for years through global sewers of hatred.” Alexander
Today is the 24 th anniversary of Murray’s Rothbard’s death. What did he stand for? In an outstanding recent article , Lew Rockwell, one of Murray’s closest friends and the founder of the Mises Institute and LewRockwell.com, offers the best answer. Lew says: “If you want to understand Murray Rothbard, you need to keep one principle in mind. If you
In recent years, an entire literature has sprung up over the various uses of the word “neoliberalism.” As many have already pointed out, it is largely used as a term of derision by doctrinaire leftists against both moderate leftists and advocates for free markets. Those who use the term in a pejorative way (which is nearly everyone) blame
There’s a growing buzz around a “Green New Deal,” spearheaded by newly-elected Alexandria Ocasio-Cortez. Although the details are in flux, currently the draft text calls for the creation of a 15-member “Select Committee for a Green New Deal” that would “have authority to develop a detailed national, industrial, economic mobilization plan” to
Socialism’s popularity is reviving in America. Socialist Alexandria Ocasio-Cortez captured a seat in the new Congress and is calling for confiscatory tax rates at the same time Democratic Socialist candidates are thriving in many areas of the nation. The Washington Post reported in July that it’s “been a good summer for the Democratic Socialists
Angela Merkel’s chancellorship is ending. It is time for an evaluation. She has ruled Germany since 2005. After the election in September 2017 she began her fourth term, yet in October 2018, she abdicated as the chairman of her political party, the CDU (Christian Democratic Union). She indicated that she may resign also from the chancellorship and
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.