Mises Wire

Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development. 

The enemies of individual liberty are numerous, from leftists who see freedom as interfering with the “positive freedoms” offered by the state to conservatives that believe too much freedom destroys community relationships. 

Apply now: The thirty-eighth annual Mises University, where I have lectured for more than thirty of those years, will be held from July 28th to August 3rd.

Like the Biden administration, the European Union elites are seeking to crush free speech on the Internet in the name of preventing “hate speech” and “disinformation.” Of course, the EU ruling classes won’t have to worry about being censored.

In 1959, Ludwig von Mises gave lectures on economics in Argentina, where the economy was in steep decline. In the 1920s, Argentina was one of the world's wealthiest countries, but decades of Peronism and inflation started the country on the long road to poverty.

Central Bank's control of interest rates cripples economic growth. Yet central banks will not give up power because it is central to financing huge government deficits. 

The attempt by the mainstream economics profession to create economic literacy has turned into a movement to promote economic illiteracy.

Conservatives and utilitarian classical liberals support freedom of contract because they deem it "useful" to society. However, Murray Rothbard believed that contractual freedom should be based upon the natural right of self-ownership.

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Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.