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What Adam Smith Left Out of the Pin Factory

Mises Institute ·

2026/05/30

Mark Thornton shows why every system that ignored the entrepreneur—from socialism to fascism to modern industrial policy—failed for the same reason.

“Creating a Nation”: The Declaration of Independence...

Mises Institute ·

2026/05/29

Viewing the Declaration of Independence as the act that created one consolidated American nation is a common historical anachronism, which projects a later nationalist understanding backward onto the founding era.

The Defeat of Thomas Massie: Where to Go from Here?

Mises Institute ·

2026/05/29

The recent primary defeat of Thomas Massie will deprive this country of a free-market and anti-war voice. How should libertarians respond?

Patents: The Damage of Coerced Intellectual Monopoly

Mises Institute ·

2026/05/29

Government policy regarding patents is based upon the belief that no one would invent anything without some monopoly privileges. There is good reason to question that belief and the resulting policies.

“Creating a Nation”: The Declaration of Independence...

Mises Institute ·

2026/05/29

Willmoore Kendall on Lincoln, Equality and the South

Mises Institute ·

2026/05/29

In this week’s Friday Philosophy, Dr. David Gordon revisits Wilmoore Kendall’s The Conservative Affirmation, which takes issue with Abraham Lincoln and his views on equality.

Rothbard Explains the Anatomy of the State

Mises Institute ·

2026/05/29

In this discussion of Rothbard's seminal essay on the nature of the state, "The Anatomy of the State," Ryan McMaken takes a look at the state as a unique organization with a monopoly on the means of coercion.

Justice Clarence Thomas Is Right about Progressivism

Mises Institute ·

2026/05/28

In attacking progressivism in a recent speech, Clarence Thomas has been pilloried in the media and by politicians and academics. However, Thomas was correct: progressivism has brought one disaster after another, all the while empowering the worst of state actors.

There Is No Reprieve in the Fed’s War on Savings

Mises Institute ·

2026/05/28

The Federal Reserve continues to destroy the economy’s savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.

The Heart of a Fighter

Mises Institute ·

2026/05/28

What inspires us about the life of Mises, writes Lew Rockwell, is not his victimhood but his triumph over evil.

The Defeat of Thomas Massie: Where to Go from Here?

Mises Institute ·

2026/05/28

The recent primary defeat of Thomas Massie will deprive this country of a free-market and anti-war voice. How should libertarians respond?

Justice Clarence Thomas Is Right about Progressivism

Mises Institute ·

2026/05/28

Who Owns the Airwaves and the Sea?

Mises Institute ·

2026/05/28

For too long, people have thought of the airwaves and waterways as “public” property that is best controlled by government. However, Murray Rothbard and others held that one could apply the institution of private property to both.

There Is No Reprieve in the Fed’s War on Savings

Mises Institute ·

2026/05/28

The Federal Reserve continues to destroy the economy’s savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.

America's Old Republic Disappeared a Long Time Ago

Mises Institute ·

2026/05/28

Ryan McMaken points out that the American "great experiment" failed many decades ago. In fact, the current republic we call "the United States" is clearly a completely different republic than the one founded back in the late eighteenth century. The founding fathers wouldn't recognize it at all.

Mises and the Role of the Economist in Public Policy

Mises Institute ·

2026/05/28

In contemplating the life and career of Ludwig von Mises, one is struck by the nobility and grandeur, the high courage, of his lonely and lifelong struggle on behalf of truth and laissez-faire. But what led Mises to pursue his lonely and seemingly doomed struggle until the very end?

Research Fellowship in Residence 2027

Mises Institute ·

2026/05/28

Research Fellowships at the Mises Institute in Auburn, Alabama, are available to graduate students and post-docs interested in scientific research in the Austrian school and libertarian political economy.

The Public Goods Circular Argument

Mises Institute ·

2026/05/27

Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses.

The Public Goods Circular Argument

Mises Institute ·

2026/05/27

When Our Word is No Longer Good

Mises Institute ·

2026/05/27

The White House leaks that a deal is almost done. Markets surge. Insiders profit. The deal collapses. Repeat. Now the markets barely move. Nobody believes it anymore. A government that cries wolf this many times eventually finds itself alone.

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