Forty years ago, I was worried. I was working at a free-market think tank at a major university, and I could see that Austrian economics was becoming less and less influential. Who would speak for untrammeled freedom and capitalism? Sound money and no central banking? Would economics entirely betray its great advocates of liberty from Menger to
As you would expect from brain-dead Biden and the people controlling him, American policy has been moving in the wrong direction. Whatever you think about the situation in the Ukraine, one thing is obvious. It’s a crisis. Shouldn’t we try to stay out of danger? Instead, the US has led the way in imposing drastic economic sanctions on Russia,
Few people today ask the most important question about the conflict between Russia and Ukraine. Many people want America to stay out of the fight, but even they don’t ask the vital question. Why does the world face a crisis today? Why has a border dispute between Russia and Ukraine escalated to the point where people fear nuclear war? The answer
Events in Ukraine are happening very fast, and if I tried to predict what will happen there, my prediction would soon be overtaken by events. But one thing is certain. We need to understand the background of the crisis, and we also need to remember the basic principles that should guide American policy. To understand the background, the best guide
At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society. Let’s begin with one of the most famous phrases: “There’s no room at the inn.” This phrase is often invoked as if it were a cruel and heartless dismissal of the tired travelers Joseph and Mary. Many renditions
In all times of state dominance, the instability of the system gives rise to two types of reformers: the moderates who want to work within the system but end up defending it, and the radicals who have the clarity to see that the only real solution is upheaval. If the latter prevail — and they often have in the history of politics — it is only
You would think that the problems facing the United States would be enough for brain-dead Biden. With massive inflation, the economy is teetering on the brink of ruin. We face tyrannical control because of harmful vaccine mandates. Bogus propaganda about “climate change” threatens to cripple American industry. The government seeks to monitor all
In an earlier article, “No War with China ,” I discussed the plans of braindead Biden and the neocon gang that controls him to start a war with China. This of course would be a disaster, but it leads to another question I’d like to talk about this week. Do we have to quarrel with China at all? Why can’t we have peaceful, friendly relations with
The Mises Institute has worked for more than four decades to advance one purpose: the cause of economic freedom in academia and public life. The two comments on our work that I hear most often are: (1) you guys are doing a great job, and (2) it is not working. On the first point, I can only thank our generous supporters and faculty who make it
Recorded at the Ludwig von Mises Institute’s Supporters Summit; Auburn, Alabama; 9 October 2010.
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.