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The Ludwig von Mises Institute Archive

The Ludwig von Mises Institute

The Ludwig von Mises Institute was founded in 1982 as the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics. It serves as the world's leading provider of educational materials, conferences, media, and literature in support of the tradition of thought represented by Ludwig von Mises and the school of thought he enlivened and carried forward during the 20th century, which has now blossomed into a massive international movement of students, professors, professionals, and people in all walks of life. It seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth. Email this author.


Even The Feds Admit Minimum Wages Cause Unemployment

This article, written by Nicholas Freiling, was originally published by Mises on June 17. Minimum wage doesn’t apply to everyone. When Congress first established minimum wage in the Fair Labor Standards Act of 1938, it left a loophole for businesses that employ people with disabilities. The Secretary, to the extent necessary to prevent curtailment of […]

Economic Scholar: The Fed Won’t Let The Economy Heal

This essay, written by Frank Shostak, was originally published at Mises.org. Most commentators are of the view that the massive monetary pumping of the Fed during 2008 prevented a major economic disaster. The yearly rate of growth of the Fed’s balance sheet jumped from 3.9 percent in January 2008 to 150.9 percent by December of […]

The Mythology Of The Supreme Court

The Mythology Of The Supreme Court

The Supreme Court’s recent decision on prayer at government meetings reminds me that Supreme Court “season” is upon us. And for the next two months or so, we can expect to see the court decide on a variety of cases that can have profound impacts on the lives of citizens and non-citizens alike.

Mises: With Government Roads, The Customer Is Always Wrong

Mises: With Government Roads, The Customer Is Always Wrong

The popular phrase “the customer is always right” applies quite well to the business world, but when it comes to the roadways, the customer, i.e., the average citizen, is typically wrong in the eyes of law enforcement and legislators. Whereas entrepreneurs in a market setting try to anticipate changes in consumer demand in advance and to solve potential problems before they become problems, bureaucrats simply resort to blaming those they are supposed to be helping, while they allow unsolved problems to compound upon one another.

Ranchers And Empire In The American West

This column by Ryan W. McMaken originally appeared on the Ludwig von Mises Institute website on April 14, 2014. The militarized siege of a cattle ranch near Bunkerville, Nev., drew national attention as dozens of federal agents, armed with machine guns, sniper rifles, helicopters and more descended on the ranch to seize cattle and people […]

Economics Professor Explains Why Keynesian Economists Don’t Understand Inflation

The “monetary cranks” and “ignorant zealots” of old are back preaching salvation if only we had more inflation. Writing for the Ludwig von Mises Institute, economist Frank Hollenbeck explains why the Keynesian understanding of inflation is terribly flawed.

Mises Institute: A Closer Look At Income Inequality

Mises Institute: A Closer Look At Income Inequality

Economic inequality is the big thing these days. Barack Obama has called it the “defining challenge of our time.” But wealth inequality is not nearly as out of control as many liberal pundits say.

The Fed’s Hands Are Tied

The Fed has painted itself into a corner. There is no way that the nation can avoid either a recession or the collapse of the value of the dollar.

If I Must Sell, You Must Buy

This column by Jim Fedako originally appeared on the Ludwig von Mises Institute website on March 15, 2014. If I were a business owner, must I sell to you? If you answer yes, you must balance that requirement with your obligation to buy from me. All trade is bilateral. Well, to be more exact, and […]

Crony Capitalism And The Transcontinental Railroads

This article, written by Mises Daily editor Ryan W. McMaken, was originally published by Mises on March 10. When Barack Obama used the transcontinental railroads as an example of the wonderful things that can be accomplished with grandiose government programs, he was attacked for mistakenly referring to the railroads as “inter continental.” Notably, he was […]

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