I must have been in my third or fourth semester of political science and law at Marburg University in 1947 when I first heard about Professor Ludwig von Mises. I did not hear about him in my lectures but was made aware of him in my conversations with fellow students. They highly recommended his book Theorie des Geldes und der Umlaufsmittel (The
An old English saying perfectly applies to election promises made by the Presidential candidates: “Vows made in a storm are forgotten in calms.” The loser need not give second thought to his promises and the winner usually is prevented from living up to the promises he made in the election storm. In his brief victory speech President Bush echoed
Economists observing the American labor market are saddened especially by two sets of Federal policies which subject highly productive American labor to competitive disadvantage. One springs from monetary policy that generates huge trade deficits, that is, that causes imports to exceed exports by half a billion dollars a year. With interest rates
The Free Market 24, no. 1 (January 2004) “Deep in Debt, Caught in a Net.” This old English proverb concisely describes the financial condition of many Americans. Household debt is rising at an 8.8 percent annual rate, home mortgage debt at 14.2 percent. Total debt in the United States doubled from 1998 to 2002, from $16 trillion to $32 trillion
The Free Market 24, no. 12 (December 2004) I must have been in my third or fourth semester of political science and law at Marburg University in 1947 when I first heard about Professor Ludwig von Mises. I did not hear about him in my lectures but was made aware of him in my conversations with fellow students. They highly recommended his book
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.