Mises Institute

Hayek and Mises warned that centrally planned economies fail, and that intervention breeds inflation, instability, and boom-bust cycles. Yet socialism is trendy again, and politicians still think they can “manage” the economy. Ryan McMaken joins John Stossel to explain why Hayek and Mises matter now more than ever. The original Stossel TV interview is available at https://youtu.be/WxW7JRc414Y

In this 1960 essay, Murray Rothbard warns critics of scientism not to concede the very term "science" to positivist methodology. He reclaims scientia as “correct knowledge,” and defends the idea that economics and the social sciences can be rigorously scientific through sound reasoning about purposeful human action, without pretending to be physics.

On this episode of Minor Issues, Mark Thornton replays two short interviews: one recorded with Daniela Cambone weeks before the outbreak of war in the Middle East, and another with Dunagun Kaiser recorded days ago as the conflict escalates. Mark breaks down why precious metals are unusually volatile, how war and interventionism collide with inflationary fiat regimes, and why rising interest rates and commodity prices point to a more dangerous long-run trend. He also connects the dots between the Fed’s “liquidity” talk, a deeper leverage problem in finance, and the way wars can be used to divert attention from economic failures at home. Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Combining binary and triangular interventions, the state coercively taxes citizens to pay for its services, monopolizes certain services, and then is incentivized to engage in paid non-delivery. Original article: https://mises.org/mises-wire/its-not-anarcho-tyranny-its-interventionist-non-intervention

Neo-Malthusian Paul Ehrlich recently passed away, but not before his false doomsday claims made his a very wealthy man. Original article: https://mises.org/mises-wire/remembering-paul-ehrlich-even-if-we-would-rather-not

Leftists sarcastically asking where the money for this war will come from are right about the GOP’s hypocrisy, but wrong to imply that it actually means there's plenty to spend on all these government programs. We can’t afford any of this. Read the article here: https://mises.org/mises-wire/no-we-cannot-afford-war-iran-either Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Generations of scholars come and go; a few, including Roger Garrison, make their mark on the field and inspire future generations to do the same. Original article: https://mises.org/power-market/roger-garrison-and-sustainable-growth-austrian-school

As we continue to celebrate the centennial of the birth of Murray Rothbard, Wanjiru Njoya reminds us that he never compromised his principles and stood for liberty throughout his all-too-brief life. Original article: https://mises.org/mises-wire/rothbard-never-abandoned-his-principles

Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do not explain it. Only the Austrian theory of time preference correctly explains interest. Original article: https://mises.org/mises-wire/popular-interest-rate-theory-describes-fails-explain

Modern academic historians have been captured by the cultural Marxists, no matter how much they deny the obvious truth. Original article: https://mises.org/mises-wire/cultural-marxism-masquerading-true-history