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From the Desk of Lew Rockwell

by Llewellyn H. Rockwell Jr.
December 23, 2025
in Finance
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Sound economics and financial freedom have by no means been extra essential than as we speak. Rampant inflation, tariffs, and taxes saturate each nook of our world. The state continues to succeed in for management of all elements of our lives. However we proceed to struggle again.

Our mission assertion has not modified for the reason that Institute’s founding 43 years in the past. The Mises Institute exists to advertise instructing and analysis within the Austrian Faculty of economics, and particular person freedom, sincere historical past, and worldwide peace.

We’ve been nonpolitical, nonpartisan, and non-PC for over 4 a long time, and we by no means settle for any authorities funding. The assist of our donors makes this doable. 2025 has been an excellent yr. Let me share among the highlights and what we’re wanting ahead to in 2026.

Mises College

We’ve continued to show college students from all walks of life and from everywhere in the world with our flagship program, Mises College. This yr we hosted 93 college students from 15 completely different international locations. These college students needed nothing greater than to study from the main students in Austrian economics. Our tutorial vice chairman, Joe Salerno, was impressed. He stated, “I can say, with out exaggeration, that this yr’s college students had been among the most engaged, enthusiastic, and critical younger students who’ve ever enrolled at Mises College.”

Subsequent yr would be the fortieth anniversary of Mises College. That’s 40 years of instructing undergraduate and graduate college students who’re in search of one thing past the standard economics instruction at most schools and universities. Each summer season at Mises College, college students encounter the foundations of a far sounder understanding of economics. They get the prospect to study straight from the world’s greatest Austrian Faculty economists about subjects together with enterprise cycles, competitors, entrepreneurship, financial historical past, the philosophy of science, cash and banking, and extra.

We stay up for one other 40 years of making ready future generations to struggle for liberty and sound economics.

The Libertarian Students Convention

This coming yr we’ll once more be internet hosting the Libertarian Students Convention, which was certainly one of Murray Rothbard’s nice ardour tasks. Beneath the management of Joe Salerno, the Institute introduced the convention to Auburn final March alongside our annual Austrian Economics Analysis Convention.

Murray envisioned this rigorous tutorial convention as the inspiration of a real “self-discipline of liberty,” very similar to the colleges of thought that emerged from the British classical and French liberal political-economy eras. From its first assembly within the Seventies, the Libertarian Students Convention turned an important discussion board for interdisciplinary collaboration to advance the research of liberty. We’re proud to report the success of the Libertarian Students Convention this yr, proving that the self-discipline of liberty stays vibrant and dynamic, with highly effective purposes in many alternative fields as we speak.

The Rothbard Graduate Seminar

Our mission doesn’t cease at introducing undergraduates to the scholarship of freedom and free markets. We additionally search to interact graduate college students and educators. A key part of this effort is the Rothbard Graduate Seminar, which this previous summer season celebrated its twenty sixth yr.

This yr’s seminar was centered round Rothbard’s Man, Economic system, and State, which the scholars learn alongside superior copies of Joe Salerno and Patrick Newman’s forthcoming e-book, Murray N. Rothbard: The Making of an Austrian Economist. How fortunate our college students had been to deepen their research of the Austrian custom straight below the heirs of Rothbard themselves!

We plan for Joe and Patrick’s e-book to be launched subsequent yr. You received’t wish to miss it.

Fellows in Residence

For rising college students and students who wish to advance scholarship within the Austrian custom, there may be the very aggressive Fellows in Residence program. This summer season, the Institute hosted 9 sensible younger Fellows. Their analysis subjects included the connection between non-public property and well being, how stablecoins can function an alternative choice to central financial institution forex, and the ideologies that knowledgeable the Previous Proper and its makes an attempt to withstand the rising twentieth-century state.

Our Fellows have the invaluable alternative to name the main students of the Austrian Faculty their mentors and colleagues. They’ve entry to the priceless private papers and libraries of the best lights of our motion. Fostered by the assist of the Institute’s tutorial community, many Fellows go on to publish groundbreaking articles and books, in addition to to show at schools and universities all over the world.

Continued Outreach to College students

Certainly one of our more moderen packages that continues to flourish is the Mises E book Golf equipment. For the reason that assembly of our first Mises E book Membership within the fall of 2023, we’ve hosted and sponsored 28 e-book golf equipment, each digital and in individual, everywhere in the nation.

Thanks to those e-book golf equipment, college students from Alabama to Michigan to Wyoming and past have had the chance to debate among the greatest works of Mises, Rothbard, Hayek, and different Austrian and libertarian thinkers in a proper setting exterior of faculty.

Led by Mises Fellows, former Fellows in Residence, and school at varied campuses throughout the nation, the Mises E book Golf equipment have introduced liberty-minded folks from all walks of life into contact and have fostered sturdy mental friendships. We hope to proceed to assist these e-book golf equipment for years to come back.

One of the crucial rewarding fruits of our tutorial packages is seeing former college students main their very own impartial efforts to unfold the message of freedom and free markets. This yr, for instance, Mises College alumni on the College of Chicago hosted their first main occasion and invited us to hitch them and meet different college students on their campus. It was fantastic to see college students from Chicago and different schools so serious about creating their very own Mises-based societies and golf equipment.

There may be nothing extra encouraging than watching younger folks come by our packages and go away with a starvation to struggle for liberty. We will’t wait to proceed supporting these college students.

Increasing Publications

This yr, we celebrated the thirtieth anniversary of mises.org, a serious milestone not just for the Institute, however for any group targeted on educating towards the mainstream. We’ve had 30 years of unapologetic content material that has grown to incorporate written and audio articles, ebooks and podcasts, and quick and long-form movies.

Our content material continues to succeed in the general public. One video garnered over 1 million views in solely three months! And we’re capable of make all of our content material accessible without cost, due to our brave donors. We’re wanting ahead to the following 30 years.

We proceed to publish the Quarterly Journal of Austrian Economics and the Journal of Libertarian Research. Our tutorial journals proceed to focus on new and spectacular analysis within the Misesian and Rothbardian traditions.

Due to a very fantastic donor, this yr we additionally printed our latest giveaway e-book, Hayek for the twenty first Century. As a scholar of Mises, Hayek stays important studying for understanding as we speak’s financial and political climates. This e-book is an introduction to Hayek, gathering a few of his greatest essays on enterprise cycles, cash, and extra.

We would like anybody and everybody to learn this e-book. In the event you haven’t ordered your free copy as we speak, I encourage you to take action. Assist us give away 100,000 copies, identical to you helped us give away Hazlitt’s Economics in One Lesson and Rothbard’s What Has Authorities Performed to Our Cash?

With all of those giveaways, one factor has remained clear. The general public has a robust want to study extra about free market economics and the Austrian Faculty. We’re more than pleased to feed that want.

Trying Ahead

The Mises Institute has at all times been distinctive. We reject taxes, financial debasement, and the state’s monopoly of protecting providers. We refuse to compromise or promote out to state affect and concepts. We won’t again down. However we want your assist. Please think about making your most beneficiant donation as we speak.

We’ve thrilling plans for 2026. In March we’ll have fun Murray Rothbard’s a hundredth birthday, and we plan to make this the yr of Rothbard. In Could, we’re holding Rothbard College—a convention primarily based within the libertarianism Rothbard cherished and designed to be a mini–Mises College for everybody who ever wished they might attend the “Greatest Week of the Yr” themselves.

We’ll proceed publishing new books, articles, podcasts, journals, and different publications that additional the struggle for freedom. We’ll proceed educating the following technology as we mark our fortieth Mises College, our twenty seventh Rothbard Graduate Seminar, and our thirty fourth Austrian Economics Analysis Convention.

Together with your assist, we are going to proceed combating towards the state and its tyranny. You possibly can assist us not give in to evil however proceed ever extra boldly towards it. This was Ludwig von Mises’s lifelong motto, and we will’t assist however agree. Please give as we speak, and stand sturdy with us.

We thanks in your beneficiant assist, which has remodeled 4 fantastic a long time doable.

Warmest regards,

Lew Rockwell

PS: We will’t do something with out you. Please contribute as a lot as you may. We should proceed this struggle for concepts and the long run. Now greater than ever.



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