Libertarianism and free markets depend upon peace. Murray Rothbard believed that war destroys freedom and free exchange, so keeping the peace is vitally important.
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As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less affordable as a total failure. But that wasn’t the true purpose of the ACA. It was always meant to prop up the faltering crony healthcare system.
Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.
While classical liberalism is preferable to socialism and interventionism, it is, at best, a halfway house to total freedom.
A just war must be defensive; a nation must be trying to stop an invasion. And even in a defensive war, you must follow certain restraints.
Modern egalitarianism is incompatible with individual liberty, something that is not proclaimed in political life. Egalitarians understand this, which is why they want to erase individual liberty altogether.
What are the things that undermine and ultimately destroy an economy and our standard of living? Dr. Mark Thornton presents seven reasons why our economy is deteriorating.
Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is defined by its function as a medium of exchange.
While US politicians are presenting policy prescriptions to make life more affordable, none of them are proposing what really would end this crisis: free markets.
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.