Two weeks ago , Fed chair Jay Powell declared the “fundamentals of the U.S. economy strong,” while simultaneously announcing the largest interest rate cut since 2008 in the face of global pressures stemming from the coronavirus. Last week, the Fed escalated its repo operations in a desperate attempt to boost short-term liquidity for large
The world continues to process last week’s missile strike killing of Iranian general Qassem Soleimani as President Donald Trump continues to rattle his favorite saber, Twitter, against threats of Iranian retaliation. Already the international response to Trump’s military escalation, a decision categorized as “the most extreme response” by American
With many of our readers having more time on their hands while practicing social distancing, the Mises Institute is exploring our online archives and offering topic-specific collections of curated content. This series, we are calling it the “Quarantine Chronicles: A Shelter-at-Home-Series,” will highlight essays, articles, and clips that may not
With many of our readers having more time on their hands while practicing social distancing, the Mises Institute is exploring our online archives and offering topic-specific collections of curated content. This series, we are calling it the “Quarantine Chronicles: A Shelter-at-Home-Series,” will highlight essays, articles, and clips that may not
[This is the preface for the Mises Institute’s new online book Anatomy of the Crash: The Financial Crisis of 2020 . ] “End the Fed!” Three small words became one of the most improbable and powerful political chants in modern politics thanks to the presidential campaigns of Dr. Ron Paul. With the backdrop of a global financial crisis, the
For many Americans, the FDA has taken on a sort of mystique as the gold standard of medical guidance—similar to the emotional connection many Britons feel for the National Health Service (NHS). Unfortunately, both of these government bureaucracies actively undermine the healthcare systems of their nation. As the continuing coronavirus places a
With many of our readers having more time on their hands while practicing social distancing, the Mises Institute is exploring our online archives and offering topic-specific collections of curated content. This series, we are calling it the “Quarantine Chronicles: A Shelter-at-Home-Series,” will highlight essays, articles, and clips that may not
It is an overplayed cliché to refer to the insanity of the current year. Still, 2020 manages to surprise. It is increasingly looking like 2020 has created the greatest challenge to democratic legitimacy in the past century. Today was a truly remarkable day in American history. The official legal team for President Donald Trump—led by Rudy
The Österreichische Mediathek, an Austrian archive for sound recordings and videos on cultural and contemporary history, has published a very short clip titled “Vienna Economics” featuring the voice of Eugen von Böhm-Bawerk. The 26-second clip, dated 1905, is in German, but it allows listeners the rare treat of listening to one of the greatest
The coronavirus pandemic, and resulting government response, has created one of the greatest disruptions to daily life in modern American history. With much of the country now focused on “reopening,” pundits and policymakers have focused their attention on what the “new normal” of a post-COVID America looks like. Although much of the attention has
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.