Mises Institute

The Ludwig von Mises Institute for Austrian Economics, commonly known as the Mises Institute, is a nonprofit think tank that promotes libertarian ideas. It is based in Auburn, Alabama, USA. The institute is named after the influential Austrian economist Ludwig von Mises, who lived from 1881 to 1973. Established in 1982 by Lew Rockwell, the institute received its initial funding from Ron Paul.

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Trump’s Use of His Standing Army

1 week ago | mises.org | Jacob Hornberger

With President Trump’s deployment of U.S. troops to Los Angeles, this is a good time to review the deep antipathy that America’s Founding Fathers and our American ancestors had toward “standing armies,” which was the term they used for the national-security state form of governmental structure under which we have all been born and raised.
Only Bitcoin and Gold Can Stop Governments from Destroying the Currency

1 week ago | mises.org | Daniel Lacalle

Allow me to remind you of a few uncomfortable truths. Government spending is out of control in developed nations. Furthermore, no interventionist government wants to cut spending or balance the budget. Government spending empowers politicians, and reducing it means losing the grip on the economy. Interventionist governments aren’t concerned about debts, deficits, or inflation.
Airlines Cut Back as Passenger Volume Is Down Amid Falling Demand

1 week ago | mises.org | Ryan McMaken

Jet Blue Airways reported yesterday that it is reducing flights and parking aircraft as “soft travel demand” is impacting the airline’s revenue. In its coverage of the announcement, USA Today notes that falling demand is not only impacting Jet Blue:[M]ajor U.S. airlines are scaling back capacity ahead of the typically busy summer travel season as they look to protect fares and adapt to weaker demand.
Interest Paid on the US Debt Soars, and Trump Pushes for a New Costly War

1 week ago | mises.org | Ryan McMaken

Contrary to the fantasies of certain Republicans in Washington—including President Trump—the current trajectory of the White House’s fiscal policy is toward ever larger deficits and ever more federal debt. In its most recent analysis of the so-called “big beautiful bill” the CBO estimates that the bill will add 2.4 trillion to the deficit over ten years. That’s not $2.4 trillion total. That’s 2.4 trillion extra.
Trump (Again) Demands More Easy Money To Help Fund Even Bigger Deficits

1 week ago | mises.org | Ryan McMaken

The Federal Reserve’s Federal Open Market Committee (FOMC) meets this week and is expected to keep its target policy interest rate (the federal funds rate) unchanged at 4.5 percent. This is unlikely to please Donald Trump who has repeatedly pushed Fed Chairman Jerome Powell and the FOMC to adopt a lower target interest rate and further force down interest rates on federal debt.
Great Big Ugly Surveillance State

1 week ago | mises.org | Ron Paul

On March 20, President Trump signed an executive order “Eliminating Information Silos.” The order directed heads of federal agencies to make sure officials designated by the president “have full and prompt access to all unclassified agency records, data, software systems, and information technology systems.” The executive order did not attract much attention until it was more recently revealed that the administration was working with tech company Palantir to create a database containing all...
Only Bitcoin and Gold Can Stop Governments from Destroying the Currency

1 week ago | mises.org | Daniel Lacalle

Allow me to remind you of a few uncomfortable truths. Government spending is out of control in developed nations. Furthermore, no interventionist government wants to cut spending or balance the budget. Government spending empowers politicians, and reducing it means losing the grip on the economy. Interventionist governments aren’t concerned about debts, deficits, or inflation.
Can Trump and Musk Make Up?

2 weeks ago | mises.org | Ron Paul

Last week’s dramatic blowout between President Trump and his one-time top collaborator Elon Musk was shocking yet predictable. According to media reports, a cold war had been brewing between Musk’s people and Trump’s appointees and it was bound to break out into the open. It was only a matter of time. On the campaign trail, Musk provided much energy and helped ramp up enthusiasm for Donald Trump.
Price Inflation Moves Up Slightly, and Wages Still Aren't Keeping Up

2 weeks ago | mises.org | Ryan McMaken

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in May rose for the second month in a row. The year-over-year change in the CPI rose by 2.4 percent in May, slightly accelerating over April’s year-over-year increase of 2.3 percent. The month-over-month change (seasonally-adjusted) was positive again in May, rising 0.1 percent, although May’s increase, with the exception of March this year, was the smallest month-over-month increase since mid-2024.
Why Trump Won't Deport 18 Million Illegal Aliens

2 weeks ago | mises.org | Ryan McMaken

The Trump administration has stepped up apprehensions of suspected illegal immigrants considerably in recent weeks, and the federal government has expanded its deportation efforts well beyond targeting the criminal aliens who were the primary focal point during the campaign. The administration has instead turned to raiding job sites and other areas where immigrants are known to be found, in hopes of further increasing total apprehension numbers.