Trade deficit

Trump’s Trade Trilemma

While President Trump rails against US trade deficits, he forgets that they are due to the fact that the US dollar is the world‘s reserve currency. This, in turn, encourages deficit spending and a bloated national debt.

Mises Wire Antony P. Mueller
Join or Die

The Failure to Stop Thomas Paine

Tom Paine is one of the forgotten names of the American Revolution, but it can be argued that no other man was as important in galvanizing the thoughts of American colonials toward independence.
George Ford Smith
Paris

Frédéric Bastiat: Who will Feed Paris?

Frederic Bastiat understood better than most how free markets and market prices actually promote social harmony. And unlike most, he understood why Paris, which had little agricultural land, had plenty of food for its inhabitants.
Ulrich Fromy
Money growth rate

What Is the Optimal Growth Rate for the Money Supply?

The mainstream economic belief is that a growing economy needs a growing money supply to ensure “price stability.” Austrian economists, however, believe that there is no “optimum” money supply, which means government should not engage in monetary expansion.
Frank Shostak
The Misesian
Rothbard’s “Anatomy of the State” introduces the state as a unique, coercive institution, distinct from society. The latest Misesian expands on this view, examining historical commentary on the state’s emergence and its central role in modernity.
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Auburn, AL

The Rothbard Graduate Seminar provides an intense study of Misesian and Rothbardian economic analysis, along with the substantive conclusions of that research in related fields.

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Auburn, AL

Virtual Mises University is the online counterpart to the Mises University conference and can be attended by anyone.

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Auburn, Alabama

Mises University is the world's leading instructional program in the Austrian School of economics.

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Delray Beach, FL

Join us for Supporters Summit 2025 in Delray Beach, Florida, to discuss "Making America Free Again." 

Economics for Beginners

Our Complex World

Complexity: Liberty vs. Power

Can we find freedom and opportunity in an uncertain future? This series explores the complex systems that shape our world.
The Costs of the Progressives

Progressivism

The battle between American individualism and modern progressive collectivism.
What is the Mises Institute?

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.

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