Author Archive for Mises Updates

An International View of Drug Prohibition: An Interview with Mark Thornton

The Radcliffe Camera in Radcliffe Square, OxfordMises Daily Friday by Mark Thornton:

In this interview, Mark Thornton discusses his debate on the drug war at Oxford University and provides a view on how drug prohibition is viewed internationally.

Mises Weekends: Jeff Deist and Marc Abela Discuss Abenomics and Japan’s Narrowing Horizons

Jeff Deist and Marc Abela discuss the Bank of Japan’s failed twenty-five year program of monetary stimulus, the resulting creation of insolvent zombie banks, and the impossibility of “Abenomics”. You’ll enjoy hearing about Toshio Murata—a Japanese student of Mises in the 1950s—who painstakingly translated Human Action into Japanese, who is still alive today. And, you might be surprised by Marc’s revelations about the Japanese mindset, culture, and disturbingly high suicide rate.

The Drumbeat for War

unnamed (1)Gaza. Syria. Iraq. Ukraine. All around the world conflicts seem to escalate. And US war hawks are never satisfied, demanding more interventionism, more militarism, more foreign aid, more bombs, and more killing at every turn.

But there are better approaches to conflicts: trade and commerce, secession, private diplomacy, and a just war approach to defense against aggressors.

These ideals are explored by our own Tom Woods in his remarkable survey of American antiwar thought, We Who Dared to Say No to War. Laurence Vance similarly explores important Christian teachings about war in his collection of essays entitled War, Christianity, and the State.

Both of these important titles will inform and challenge your view of conflicts between nations, and serve as a welcome alternative to the current drumbeat for war.

Government Spending and Negative Interest Rates

6838Mises Daily Thursday by Dickson Buchanan:

The European Central Bank has gone over to negative interest rates as part of its plan to avoid deflation at all costs. But negative interest rates also have the convenient side effect of encouraging more investment in government bonds, which enable more government spending.

US Sanctions on Russia May Sink the Dollar

rsz_800px-hundred_dollar_bill_01Mises Daily Thursday by Ron Paul:

US sanctions against Russia are just the latest incentive for the world’s economies to avoid dealing with the dollar.

New Hoppe Book Coming this Fall!


Dr. Hans-Hermann Hoppe, Distinguished Fellow at the Mises Institute, counts among the greatest Austro-libertarian intellectuals alive today. Like his friend and mentor Murray Rothbard, Hoppe’s work in economics, philosophy, history, law, and social theory is legendary. And like Murray, his new books, articles, and speeches are widely anticipated by fans around the world.

Dr. Hoppe recently provided us with a new manuscript and asked the Mises Institute to serve as publisher. It’s a brief but devastating exposition of governance across human history, from the establishment of privileged aristocracy to the divine right of kings to popularized democracy. In one sense the manuscript serves as a synopsis of arguments made in Dr. Hoppe’s seminal book, Democracy: The God That Failed.

A Tale of Moral and Economic Folly and DecayHoppe pulls no punches, arguing that conflict resolution monopolized by a central state has never been just, efficient, or intellectually defensible. Contracts between rulers and ruled, whether implied or expressed (e.g., in the form of constitutions) are meaningless when states or kings are the final arbiters of those contracts.

Monarchs, for all their failings and unearned privilege, at least have an incentive to maintain, if not increase, the capital stock of their territories. Democratically-elected politicians, by contrast, have every incentive to maximize plunder during their limited time in office. The end result of democracy is the inexorable growth of central states, complete with ruinous taxation, monetary debasement, and warlike tendencies. It’s a Hoppean “tale of moral and economic folly and decay.”

Like Democracy: The God That Failed, Dr. Hoppe’s new work is vitally important. It represents Hoppe at his best: calmly and methodically skewering sacred cows.

But the Mises Institute does not own the rights to Democracy, and as a result the book never received the attention it deserves. Nor has it been released in an eBook format, which is sorely needed.

Donate today!

We plan to offer Dr. Hoppe’s new book in both printed and eBook form, making it very affordable and accessible to all. In fact, this new title will be the least expensive Hoppe book in print! The Mises Institute will distribute it widely at no cost to students and college organizations. And Dr. Gordon has agreed to provide an introduction.

We also plan to publish Dr. Hoppe’s new manuscript in a broader volume tentatively entitled The History of Man: An Austro-Libertarian Reconstruction. This new book will combine previously-released chapters from Hoppe addressing the rise of family structures, the development of private property, and social evolution prior to the Industrial Revolution. This combined work will serve as nothing less than a sweeping revisionist economic history of man, skillfully presented by Hoppe in roughly 150 pages!

Your donation of any amount helps make this publishing project a reality. A donation of $500 enables you to become a Patron of these two important books, and places your name (if desired) on an acknowledgment page in each volume. Of course donations above $500 will be gratefully accepted.

Both Dr. Hoppe and everyone at the Mises Institute deeply appreciate your support. Please help us bring Dr. Hoppe’s vital works to the broad audience they deserve!

The Savings and Loan Debacle: Twenty-Five Years Later

fslic2Mises Daily Monday by Dale Steinreich:

The Savings and Loan Crisis is now twenty-five years old, and while it now seems like ancient history to many, many more still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations.

Pioneers in Free-Market Literary Criticism

6832Mises Daily Weekend by Jo Ann Cavallo:

The field of literary criticism has been dominated by Marxists and other anti-capitalists for decades. But thanks to Henry Hazlitt, Paul Cantor and others, a body of work by free-market literary critics is now beginning to emerge.

Mises Weekends: David Gordon and Jeff Deist Discuss The Life and Times of Murray Rothbard

Jeff Deist and David Gordon discuss Murray N. Rothbard’s life from an insider’s perspective, touching on Rothbard’s experience founding the Cato Institute, his relationship with Mises and the areas where they disagreed, his time with Ayn Rand and her Objectivist followers, and more.

The Dating Market: Anarchy in Action

6833Mises Daily Friday by Julian Adorney

Dating someone can come with a very high opportunity cost and can lead to great emotional distress and more. So why doesn’t the government regulate dating? If it is too “personal” to regulate, then why are equally personal things like medical care and employment fair game for regulation?

The State’s Worst Atrocity

6831Mises Daily Thursday by Lew Rockwell:

Just about everyone makes the perfunctory nod to the tragedy of war, that war is a last resort only, and that everyone regrets having to go to war. But war has been at the heart of much pro-government ideology, and remains so today.

Confusing Capitalism with Fractional Reserve Banking

vault2Mises Daily Wednesday by Frank Hollenbeck:

Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today. It’s a government- and central bank-created problem, but capitalism gets the blame.


Video: Jörg Guido Hülsmann Examines the Cultural Consequences of Fiat Money

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 26 July 2014.

When State-Subsidized Industries Attack

6827Mises Daily Monday by Dave Albin:

The corn, sugar, and ethanol industries in the US are all part of a complex system of government subsidies and other favors. Not surprisingly, these laws and regulations often cause conflicts between industries that would have not existed in a free marketplace.

The War on Drugs Is Not Like The War on Poverty

6828Mises Daily Weekend by Randall Holcombe

Unlike the War on Poverty, the War on Drugs is a real and bloody war by the United States against a minority group known as drug buyers and sellers.

The Best of Mises University 2014

6829It was an amazing and encouraging week at Mises University this year.


Video: David Gordon Examines Theory and History

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 26 July 2014.

Mises Weekends – Guido Hülsmann: Inside the Mind of Mises

Jeff Deist and Guido Hülsmann discuss Hülsmann’s years spent writing Mises’s biography (‘Mises: The Last Knight of Liberalism’), the serendipitous discovery of Mises’s papers in Moscow that made the book possible, how Mises endured and kept working as Europe burned, and how Mises’s personal sacrifices helped pave the way for Austrian academics working today.

Available in these formats:


New online interviews with Mark Thornton and Walter Block

On the “Wake Up Call Podcast”:

Mark Thornton.

Walter Block.