Judy Shelton’s recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history. She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether
Listen to the Audio Mises Wire version of this article. Fox News host Tucker Carlson took to the airwaves of this popular show last night to lambaste Austrian economics and libertarianism, which he views as twin pillars of a failed ideology that doesn’t protect American workers and their interests. The GOP, he argues, is in thrall to free-market
Yesterday’s terrible fire at the Notre-Dame Cathedral reminds us how quickly centuries of accumulated “cultural capital” can be destroyed. Oak timbers dating from the 1200s in the roof and spire were lost forever; some priceless stained glass windows appear to have suffered damage. As the saying goes, France is the heart of the West, Paris is the
Jeff Deist recently joined our friend Jay Taylor’s podcast. Many billionaires — Ray Dalio, Warren Buffett, and Bill Gates among them — like to call for higher taxes on people such as themselves. But this raises a compelling question: would they have become rich in the first place under the kind of tax system they now advocate? Would they have
The excellent British online magazine Spiked recently published this article warning about deteriorating attitudes toward elderly people in the UK. As the article points out, there is more to the problem than logistical and financial concerns about providing socialist medical care to an aging population. Nor do increasing lifespans in the West,
The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property. — Ludwig von Mises. Civility is the word of the moment. New stories lament the breakdown of civility in American society, while reports of Antifa
You might not particularly care if the Senate confirms Brett Kavanaugh to the Supreme Court or not, but we should care very much about the spectacle playing out in the press and social media. The overall effect is to remind us of Washington DC’s status as the center of the universe, how Supreme Court justices necessarily and justifiably wield
The Nobel Prize in Economic Sciences is a dubious thing at best. First, it’s not a “real” Nobel Prize in the sense the Nobel Foundation neither chooses nor pays the recipient(s). Technically, it’s the “Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.” The award itself is of checkered provenance, created by Swedish central
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.