The black mises.org cap is quickly becoming one of our biggest hits. The warehouse is barely able to keep up with the flood of orders it has already received. It is easy to see why this is becoming one of our all-time most popular apparel items. It is the very essence of minimalism.

This Reebok water-resistant brushed tactel cap with pre-curved visor shields the eyes and protects from the elements. Mises.org is embroidered on the front of the cap in white. The cap is structured, low-profile with 6-panel design that provides for a comfortable tailor-made fit. A velcro closure at the back adjusts to the most comfortable size. Also the Reebok name is embroidered in black on the left side panel.

This cap is more than a piece of clothing. It is a work of art and a symbol of freedom itself. It spreads the message of liberty and self-determination in a cool, classy way. It sends a far more powerful message than any garish political rally sign could ever hope to do; it’s also way easier to get through security. It displays your deep attachment to the scholarship of liberty in the service of radical thought. It celebrates the great hero of the 20th century, and takes a step toward giving him his due

Roaming Hat visits Costa Rica

It is smart and classic on its own terms, but it also provides an entryway to telling other people about Mises, both the man and the Institute that bears his name and continues his legacy. This hat, then, becomes as small part of a revolutionary project to uproot the central planners and meddlers who are robbing us of liberty.

The mises.org black cap has already made its first appearance at a rock concert, atop the lead singer’s head no less. Soon they will be everywhere. They will be seen at restaurants, in airports, colleges, parties, concerts, beaches—everywhere there is human activity, this cap is will be there. They can be worn by all people, no matter the age, sex, race, or class. It makes a universal statement.

Now everyone has a chance to follow these rock stars’ lead and sport the mises.org black cap in fun, exciting places. If you go somewhere special, wear your mises.org cap and have someone take your picture. You can then upload it to share with everyone. Soon the traveling gnome will look like a regular couch-potato compared to the mises.org cap. We can’t wait to see loyal Misesians proudly wearing their hats at places like the Eiffel Tower, Big Ben, the Great Pyramids, Tokyo, Berlin, Moscow, Buenos Aires, just about everywhere on Earth!

Visit the Roaming Hat wiki to contribute your own photos.

*Note: Only 178 hats remain in inventory, more have been ordered but the Mises Institute cannot guarantee that they will be ready before Christmas. Get your Roaming Hat early!

Hans-Hermann Hoppe is one of the giants of liberty in our time. He has contributed to economic theory (firming up property rights theory), ethics (providing an epistemological foundation for individualism), philosophy (deductivism has never been so compelling), and politics (democracy is the god that failed).

He is already a legend. His reputation will grow with time as his ideas spread.

In honor of the festschrift published on his 60th yea (Property, Freedom, and Society) is the accompanying tee shirt that captures the man and his spirit. And the slogan underneath: Privatize Everything.

P.S. It is his birthday, and he has known nothing about this shirt.

Ludwig von Mises said that there can never be too much of a good theory. Salerno proves it in this sweeping and nearly comprehensive book (672 pages, hardcover) on applied Austrian monetary theory. He uses the Mises/Rothbard theory of money to reinterpret historical episodes, reevaluate the history of thought, closely examine the Federal Reserve policy, seek out cause and effect in business cycles, provide a new understanding of war and social unrest, and clarify the relationship between the state and the central bank.

But it is not just about the past. He presents a great model for the future too with essays on how to tell real from fake gold standards, how to calculate the money supply and follow what the Fed is up to, and how to reform the international monetary system to keep money from the destructive hands of the state.

This book might be considered an intermediate text on the topic. If you have read Menger, Rothbard, Mises, or Hayek on the topic of money and you want to know what is next, this is your answer. Joseph Salerno is the master of the subject, and he demonstrates absolute virtuosity in these pages.

Salerno’s yardstick concerns the soundness of money. He is speaking of a subject too rarely raised: the quality of the money itself. Money originated as a commodity out of market exchange. The further the government and central bank drive money from its original soundness, toward a paper money and finally toward digits that government can manufacture out of nothing, the less sound the money becomes, and the more instability, inflation, false signalling, and economic chaos that results.

As he makes clear, money is either absolutely sound (meaning, part of the market order) or it is headed on that slide toward destruction. In the final commentary section, Salerno directly addresses modern monetary madness and speculates on the future.

The doyen of Austrian monetary economics, Prof. Joseph Salerno, has produced a great contribution to scholarship — one that merits careful study. Even though I don’t endorse all of Prof. Salerno’s analyses or embrace all of his conclusions, every chapter in his anthology is lucid, interesting, reflective and thought-provoking. – Steve H. Hanke, The Johns Hopkins University

A must-read in these times of monetary and financial crisis. Joseph Salerno is a grand master of monetary economics, unparalleled in combining state-of-the-art theory with profound knowledge of the history of economic thought, and a balanced judgment of policy issues. – Jorg Guido Hulsmann, University of Paris, Angers

It is the questions asked as much as the answers given that make this such an excellent collection. The articles combine deep historical knowledge, a penetrating grasp of the relevant theory and a strikingly clear writing style to shed light on a host of issues that need to be better understood if we are to get out of, and thereafter stay out of, the economic problems traditional policies continuously create. – Steven Kates, RMIT University, Melbourne, Australia

“Money, Sound and Unsound” by Joseph Salerno is modern Austrian monetary economics at its best. It appears at a time when monetary policy is about to commit again all the errors of the past that are so clearly exposed in this book. – Antony Mueller, Instituto Ludwig von Mises Brasil

This tome covers nearly thirty years of important contributions by Professor Salerno defining and defending sound money from its critics and pseudo friends. The volume be a must in the library of anyone, whether scholar, pundit, policy wonk, or educated laymen, who truly wants to understand our current crisis and participate in a meaningful way in a program for a return to sound money. – John P. Cochran, Metropolitan State College of Denver

This is an astoundingly thorough, incisive and even inspired book. It deserves to be mentioned in the same breath as Mises’s The Theory of Money and Credit and Hulsmann’s the Ethics of Money Production. I have known and admired Joe Salerno for many years. May this be the first of many more of his books. If we are to attain monetary sanity, this publication will be one of only a very few that will lead the way. – Walter Block, Loyola University, New Orleans

Now in the midst of financial upheavals the book by Dr Salerno – Money, Sound and Unsound – is an eye opener. The book debunks various fallacies spread by popular media and various experts. The book also provides the reader with the necessary framework of thinking to navigate in the chaotic economic environment. This book is a must not only for the students of economics but also a must for every investor who wants to protect his wealth. – Frank Shostak, Mann Financial

Professor Salerno has written a magnificent book, fascinating and thorough in its scholarship of monetary theory and the history of monetary affairs. It is an indispensable reference for students of monetary economics, a truly “must read”. – Thorsten Polleit, Frankfurt School of Finance & Management

The last days to get your dad one of our $50 Father’s Day packages (over 30% off regular price!) are approaching.

Be sure to choose a shipping method that will get the order to you in time for Father’s Day:

USPS Priority Mail Delivery times:

3 days East of the Mississippi (order by Tuesday )

3-4 days Rocky Mnts to Mississippi (order on Monday)

4-5 days from the Rockies to the West Coast (order on Monday)

UPS 3rd Day Air (order on Tuesday)

UPS 2nd Day Air (order on Wed)

UPS Next Day Air (order on Thursday)

The shipping schedule above is an estimate; we cannot guarantee the shipping services of third party carriers.

Check out our special $50 Father’s Day packages discounted at over 30%! Be sure to order soon to ensure delivery by Father’s Day.

The Mises Store had stocked up on Hayek’s Road to Serfdom. We have 95 copies remaining in the warehouse. The University of Chicago, meanwhile, is completely out.

Or you can view the short version.

This is back in stock, by popular demand.

Keep in mind that these are 20-ounce glasses, very heavy and beautiful.

Professor Klein’s new book, available in the Mises Store for $15, and/or via Mises.org and Scribd (ah, the glories of open-source publishing!)

The Capitalist and and the Entrepreneur: Essays on Organizations and Markets

This work by Michael Heilperin, a giant in the area of monetary economics, might be one of the most rare – and unique – in the history of 20th century economic thought. It is one of the few books written during the mid-century period of hyper-nationalism that comes to terms with a gigantic puzzle. How did the age of mercantilism become the age of free trade only to revert again in the 20th century? It is an important problem to solve. Heilperin locates the issue as an ideological-political one. Faith in liberty declined at the same time the total state rose. The result was economic nationalism that was destructive to world prosperity and peace.

Heilperin wrote his study while in Geneva in exile with the other Austrians during the war. His thesis and research were undoubtedly guided by the spirit of Mises himself. His thesis draws from the whole history of liberalism to trace the decline of mercantilism and the rise of nationalism in the 20th century. He deals with nationalism in Europe, especially the case of Italy and Germany, but he also puts New Deal economic policy in the same camp.

He writes with a calm erudition, using a huge range of scholarly resources, proving that Heilperin was far more than a monetary theorist. He was one of the giants of the Austrian tradition.

Before this new printing, this book has been virtually impossible to locate and acquire. The Mises Institute waited years for a copy to prepare this edition. It is now available to be appreciated anew by a new generation. His thesis and argument hold up in every way.

An inspiration for George Orwell’s 1984 and a precursor to the work of Philip K. Dick, Ayn Rand (Anthem), and Stanislaw Lem, We is a classic of dystopian science fiction ripe for rediscovery. Written in 1921 by the Russian revolutionary Yevgeny Zamyatin, this story of the thirtieth century is set in the One State, a society where all live for the collective good and individual freedom does not exist.

Although fiction, it is a story informed by the war communism of the Soviet Union, and was of course completely banned in Russia. But the collectivism is of a recognizable type, one that threatens every society in all times. To come to understand its features and markings is the benefit of the dystopian genre. The reality that dawns on the reader is that this seeming fiction is all-too real in our times.

The novel takes the form of the diary of state mathematician D-503, who, to his shock, experiences the most disruptive emotion imaginable: love for another human being.

At once satirical and sobering–and now available in a powerful new modern translation–We speaks to all who have suffered under repression of their personal, economic, and cultural freedom.

“One of the greatest novels of the twentieth century.” –Irving Howe

“[Zamyatin’s] intuitive grasp of the irrational side of totalitarianism– human sacrifice, cruelty as an end in itself–makes [We] superior to Huxley’s [Brave New World].” –George Orwell

Incidentally, this is a new translation. The older translation is available as a free PDF in literature.

A new edition of Herbert Spencer’s fantastic classic is available: Man Versus The State.

Finally, our hoodie is in, plus the long sleeve version of what is (by far) our most popular shirt. Can you guess which one?