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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.

The Myth Of The Unchanging Value Of Gold

The Myth Of The Unchanging Value Of Gold

Historical experience clearly shows that the value of gold vis-à-vis other commodities has fluctuated over the centuries, even when gold has served as the monetary standard. This was certainly the case, for example, when the U.S. returned to the gold standard after the Civil War.

Police States And Inner-City Economics

This article by Ryan McMaken originally appeared at The recent civil disobedience, rioting and police brutality in Ferguson, Missouri, reminds us of what happens when police states and bad economics are mixed together. Devastated by decades of ruinous economic policies, the economies of many inner cities continue to languish as the self-ownership of local […]

Tax Cuts Are Only For The Powerful

Tax Cuts Are Only For The Powerful

A debate about job creation in Missouri over the course of 2013 illustrates our continued susceptibility to what Ludwig von Mises called “the fundamental problem of Socialism” — the false idea that politicians and planners can pick economic winners and losers.

When State-Subsidized Industries Attack

This piece, written by Dave Albin, was originally published on the Mises website.  Recently, a corn ethanol plant in Nebraska that switched to using cheaper sugar to produce biofuel was sued by local corn farmers. The dispute allows a glimpse into the clashing worlds of subsidized agriculture, and highlights what happens when people make market-oriented […]

The Relationship Between High Taxes And Revolutions

The Relationship Between High Taxes And Revolutions

History is full of tax revolts. It’s a fairly popular pastime, if historians are to be believed. But when do they come? What’s the spark and what’s the gasoline?

First A Portrait, Now A Book: George W. Bush Takes 41 As His Subject

It turns out that George W. Bush hasn’t been spending all of his post-White House time at his easel, painting portraits of foreign leaders and former pets. The 43rd president has written a biography of his father, the 41st president, George H.W. Bush, that will be released Nov. 11 by Crown Publishers, with an initial […]

Mises Scholar Explains How To Start Reforming The Federal Reserve

This essay, written by Brendan Brown, was originally published on the Mises website. First the good news. The House Financial Services Committee has held a hearing on “Legislation to Reform the Federal Reserve on its 100-year Anniversary.” The hearing focused on a bill introduced by Scott Garrett and Bill Huizenga which would require the Fed […]

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 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.


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