Jeff Sessions’s Drug-War Fanaticism Highlights a Growing Gap Between DC and the States

By: Ryan McMaken In recent years, numerous states have been passing new reforms of the long-abused civil asset forfeiture in which police agencies seize private property without any due process. At least 11 states, plus the District of Columbia, have passed new reforms. Some reforms, such as those in New Mexico […]

Why Some People Are Poorer than Others

By: Henry Hazlitt Throughout history, until about the middle of the 18th century, mass poverty was nearly everywhere the normal condition of man. Then capital accumulation and a series of major inventions ushered in the Industrial Revolution. In spite of occasional setbacks, economic progress became accelerative. Today, in the United […]

An Evening with Judge Andrew P. Napolitano

By: Judge Andrew P. Napolitano Includes an introduction by Lew Rockwell, as well as a Question and Answer Period. Recorded on the campus of Auburn University on 24 July 2017. Hosted by the Mises Institute. Powered by WPeMatico

Congress Loves to Slap Sanctions on Foreign Regimes — But Do They Ever Work?

By: Ron Paul This week’s expected House vote to add more sanctions on Russia, Iran, and North Korea is a prime example of how little thought goes into US foreign policy. Sanctions have become kind of an automatic action the US government takes when it simply doesn’t know what else […]

A Mixed Hero: A Libertarian Reassessment of Elon Musk

By: Konrad Graf Many libertarians seem to love to hate Elon Musk these days. His crime is to live off the public purse. His companies would be bankrupt without green subsidies and cheap government loans and contracts. He seeks out favorable terms from governments and angles to capture subsidies and […]

What I Learned from Murray Rothbard

By: Thomas E. Woods, Jr. Watch the opening lecture of Mises University 2017 LIVE! Includes a welcome by Jeff Deist and faculty introductions by Joseph T. Salerno. Mises Insitute members can attend Virtual Mises University for free. Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for […]

Week in Review: July 22, 2017

By: Mises Institute Healthcare once again dominated the headlines as Republicans continue to struggle in their efforts to replace Obamacare. Of course, as Ryan McMaken noted this week, that’s part of the Republicans’ problem. The obsessions of Obamacare itself has prevented honest conversation about what was plaguing American healthcare prior to […]

Should Libertarians Care about the Constitution?

By: Brion McClanahan, Allen Mendenhall, Jeff Deist Lysander Spooner called it “The Constitution of no authority.” Conservatives fetishize it, but don’t follow it. Progressives want it annulled. So, what should libertarians think about America’s founding document? Our guests Brion McClanahan and Allen Mendenhall give us the unadulterated history and unpleasant […]

An Interview with Bettina Bien Greaves

By: Bettina Bien Greaves Today is Bettina Bien Greaves 100th birthday. Mrs. Greaves is a truly special person, and without her the Mises Institute would not be what it is today. Along with her husband Percy, she attended Ludwig von Mises’s seminars at New York University, where she earned the respect and trust […]

Money Supply Growth Falls Again, Dropping to 105-Month Low

By: Ryan McMaken Growth in the supply of US dollars fell again in May, this time to a 105-month low of 5.4 percent. The last time the money supply grew at a smaller rate was during September 2008 — at a rate of 5.2 percent.  The money-supply metric used here […]

Here’s the True Definition of a Recession — It’s Not About GDP

By: Frank Shostak According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles, A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, […]

Don’t MacLean on Me

By: David Gordon As I mentioned in an earlier article, Nancy MacLean’s Democracy in Chains has aroused controversy, in large part owing to her many inaccuracies and misleading remarks.  I’d like in this note to call attention to a few more of these. She begins the book’s Prologue with a […]

To Fix Healthcare, We Need to Repeal a Lot More than Obamacare

By: Ryan McMaken I’ve always been willing to accept a repeal of Obamacare that was less than perfect, and I’ve never subscribed to the idea that only a total and complete repeal of Obamacare should warrant my support.  Even a small tax cut is better than no tax cut, and even a […]

Private Property and Higher Ed

By: Peter G. Klein The US higher-education world has been rocked the last two years by student protests, “free-speech” controversies, and allegations of faculty misconduct at schools as diverse as Missouri, Yale, Middlebury, Berkeley, and Evergreen State College. You’ve all heard about safe spaces, microaggressions, intersectionality, snowflakes, claims that certain […]

Even Partial Drug Legalization Goes a Long Way in Protecting Property Rights

By: Ryan McMaken Why Even Partial Legalization of Drugs Is a Good Thing  The partial legalization of marijuana has not been quite ideal. Thanks to high regulatory burdens on the marijuana-production industry, limitations on production volume, and high taxes, black markets have persisted within those states that have adopted a […]

Net Neutrality Strengthens Monopolies, Invites Corruption

By: Ryan McMaken When it imposed its net neutrality rules on the telecom industry, the FCC was fixing a problem that didn’t exist.  While proponents of Net Neutrality have long claimed that the regulations are necessary to impose fairness for internet usage, access to the internet has only become more widespread […]

How to Look at Tariffs

By: Murray N. Rothbard The best way to look at tariffs or import quotas or other protectionist restraints is to forget about political boundaries. Political boundaries of nations may be important for other reasons, but they have no economic meaning whatever. Suppose, for example, that each state of the United […]

Week in Review: July 15, 2017

By: Mises Institute Janet Yellen didn’t make much news this week when she testified before the House and Senate banking committees. She continued to defend the Fed’s low interest rate policy, painted a very optimistic picture of the American economy, and struggled to defend her opposition to Audit the Fed. […]

Will Trump Be Less of a Spendthrift than His Republican Predecessors?

By: Ryan McMaken In the past here at, we’ve looked at several different ways of comparing government spending across presidential administrations. No matter how we look at it, we’re forced to conclude that Republican presidents cannot be counted on to spend less than Democratic presidents.  In this analysis, for […]

McCaffrey and Dorobat on the Economics of Game of Thrones

By: Matthew McCaffrey, Carmen Elena Dorob?? This Sunday the long awaited seventh season of Game of Thrones will premier on HBO. Two Mises Institute scholars, Matthew McCaffrey and Carmen Elena Dorob??, have written extensively on the economics of the series, noting that: George R.R. Martin’s story touches on a variety of economic issues, […]