Austrian Economics
Contributor's Links: Mises Institute

The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human ... more


Stop Trying To Turn Economics Into A Branch Of Psychology
By casting doubt on the notion that reason is the main faculty that navigates human actions, behavioral economics emphasizes the importance of emotions as the key driving factor of human actions.
Global Governance Versus Freedom And Free Enterprise
In its present form, global governance is just another iteration of the managerial state and as such, countries should be free to exit a global order that is incapable of advancing capitalism and serving their interests.
When Higher Prices Are Not Inflation
President Joe Biden has targeted large meat-packers for hiking meat prices, saying, “Capitalism without competition isn't capitalism. It's exploitation," he said. "That's what we're seeing in meat and poultry."
How GDP Stats Create The Illusion Of Fed-Fueled Economic Growth
A loose central bank monetary policy, which results in an expansion of money out of “thin air”, sets in motion an exchange of nothing for something, which amounts to a diversion of wealth.
Turkey's Economy Is In Big Trouble
A decade ago, many geopolitical and geoeconomics forecasters divined that Ankara would become the dominant power of the region, a player of global significance. Its population came to expect big things, and they have been increasingly disappointed.
Inflation Or Recession? The Fed Faces A Choice.
While contractionary monetary policy may be necessary to combat the recent rise of inflation, the sheer number of adverse effects of these actions remind us why we should try to avoid these situations altogether.


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Latest Posts
Climate Change Policy Isn't Worth Its High Cost
To garner support for their cause, activists often present climate change as an existential risk. We are repeatedly told that there is incontrovertible evidence that humans are the main cause of climate change and that its effects are cataclysmic.
The Google Election
“Don’t be evil” is no longer be Google’s official company motto and it shows...
Does China Have Enough Gold To Move Toward Hard Currency?
Were the Chinese to take a turn toward hard-money policies, it is hard to see how the US could match a sound-money plan from China.

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