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News
Austrian Economics Made Obvious
1+ hour, 38+ min ago (1020+ words) Each person has a different makeup, a different history, different information, and different understandings. In short, each person lives a different life than other people live and, as a result, knows many things that other people don’t know. Each person…...
Inflation and Statistics: Economics Explains Them, Not the Other Way Around
1+ hour, 38+ min ago (349+ words) By Austrians, he means me and, in particular, this recent column for The Daily Economy on how economic statistical measures take on new meaning when they are adopted in policymaking. Certainly, players in the finance sector make loads of money…...
Part I: Neoclassical Training, 1945–1949
5+ day, 4+ hour ago (285+ words) Murray Rothbard started his career with a foundational training in neoclassical economics. At Columbia University, he learned from highly regarded professors and demonstrated a thorough understanding of the positivist method, Keynesian and Marshallian economic theory, and institutional empirical analysis. Crucially,…...
The Fed’s Policy of Price Stability Helps Create an Unstable Economy
4+ day, 19+ hour ago (1134+ words) For most economists, the key to healthy economic fundamentals is price stability. Price stability is an economic condition where the general price level of goods remains relatively constant over time. It is held that a stable price level leads to…...
Stocks, Manure, Gold, and Socialism: Markets and Bad Ideas
1+ week, 38+ min ago (436+ words) Mark Thornton opens with an update on the “Stocks versus Manure” prediction contest, where agricultural stocks are beating the S&P 500 year to date. He then joins Maggie Lake on Wealthion to discuss gold, silver, mining stocks, Kevin Warsh, Fed…...
What Do Austrians Think of Equilibrium?
1+ week, 1+ day ago (418+ words) Jonathan Newman's answer is "always and never." Rather than treating equilibrium as an unreachable ideal against which real markets are judged failures—the trap Mises warned against—he walks through a realistic market process asking at each step what has…...
The Economics of AI
1+ week, 20+ hour ago (447+ words) There is no separate "economics of AI," Peter Klein argues, any more than there was an economics of the internet—there's just economics, applied to specific goods and services. He demystifies what today's models actually do (predict the next word),…...
Austrian Economics in Business
1+ week, 2+ day ago (25+ words) Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world's leading instructional program in the Austrian School of...
The Cantillon Effect and the “K-Shaped” Economy
1+ week, 2+ day ago (25+ words) Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world's leading instructional program in the Austrian School of...
Modern Monetary Theory
1+ week, 1+ day ago (25+ words) Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world's leading instructional program in the Austrian School of...