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Jeff Deist

Jeff Deist

Jeff Deist is president of the Mises Institute. For many years he was an advisor to Ron Paul and a tax attorney specializing in mergers and acquisitions for private equity clients.

Articles by Jeff Deist

Bringing the Truth

3 days ago

The best people in the world support the Mises Institute. 5,112 people to be exact. Will you join them? Who are they? People just like you. Average people who happen to care deeply about human liberty and human flourishing. People who care about real economics. People who oppose state power, central banks, and war. People who …

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Negative Interest Rates are the Price We Pay for De-Civilization

5 days ago

Bloomberg terminals, the financial software system used by countless analysts and traders around the world, has a problem: its system cannot price callable bonds using negative interest rates. Programmers never considered such a scenario, and thus failed to code the system accordingly. So users get an error message when they attempt to force negative bond yields …

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The (Deceptively Simple) Greatness of Henry Hazlitt

12 days ago

[The following is excerpted from a Foreword by Jeff Deist to our upcoming hardcover version of Henry Hazlitt’s classic Economics in One Lesson. Hazlitt was indeed a self-taught economist, but first and foremost he was a journalist. As a result, everything Hazlitt wrote exhibits great clarity and economy of words– making him the perfect choice for lay readers …

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Happy Birthday, Ron

August 21, 2019

The remarkable life of Ron Paul began in Pittsburgh 84 years ago today, in 1935—seven months after Elvis Aaron Presley came into the world. We wish him a very happy birthday, and many more years of health and productivity.
It’s a rare person who peaks later in life, but Dr. Paul manages to do just that. Anyone who meets him notices his energy, his distate for waiting or standing still, honed by decades as a doctor. In his eighties he is exceedingly fit, riding his bike, walking, tending his garden, and frequently hosting family and guests at his home. His daily Liberty Report, live on YouTube, provides an excellent outlet for his pro-peace message without the constraints (and tedious travel) of Congress.
Born into the teeth of

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Happy Birthday Ron!

August 20, 2019

The remarkable life of Ron Paul began in Pittsburgh 84 years ago today, in 1935—seven months after Elvis Aaron Presley came into the world. We wish him a very happy birthday, and many more years of health and productivity.  It’s a rare person who peaks later in life, but Dr. Paul manages to do just that. …

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A World of Malice

August 12, 2019

The New Right: A Journey to the Fringe of American Politicsby Michael MaliceAll Points Books/St. Martin’s Press 2019307 pagesThis review appears in forthcoming September/October issue of The Austrian Conservatism, Michael Malice famously remarks, is progressivism driving the speed limit. Malice’s latest book, aptly titled The New Right: A Journey to the Fringe of American Politics, documents a movement …

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National Conservatism and Cosmopolitanism

July 29, 2019

Yoram Hazony’s recent “National Conservatism” conference attracted controversy, some of it deserved. Arch interventionist and National Security Advisor John Bolton was one featured speaker, injuring the gathering’s promise of a shifting foreign policy consensus on the Right. Tucker Carlson, by contrast, capably promoted an “America First” policy of military restraint—restraint that runs directly counter to Bolton’s grandiose …

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Nations Within a Nation

July 8, 2019

Pipeline Observer Magazine recently interviewed Jeff Deist on the subject of tribal land and sovereignty in North America. Interview by Clayton Reeder, originally published in May 2019.
Pipeline Observer: The Ludwig von Mises institute in Alabama is the world’s most popular free market think tank, promoting the “Austrian School” of economics.
Writing on the website mises.org, Jeff Deist recently added a novel perspective to the endless debate about fair treatment of Indigenous people in North America.
Deist proposed addressing the “stolen land” issue by abandoning the reservation system and ceding vast tracts of federal land to Indigenous tribes and giving them complete sovereignty. This would create “nations within a nation.”

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Austrian Economics is No Longer the Unheard Music

June 20, 2019

Listen to the Audio Mises Wire version of this article. Readers of a certain generation will remember the seminal 1980s rock band X, featured in Penelope Spheeris’s great documentary The Decline of Western Civilization.  Punk and alternative bands in the Tipper Gore era struggled to get record deals, radio airplay, or even hire venues for gigs at …

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Tucker Carlson’s Broadside Against Austrian Economics

June 19, 2019

Does Carlson honestly think Republican members of Congress are overly theoretical and ideological? And here we thought they were a bunch of unprincipled and poorly-read hacks!Original Article: “Tucker Carlson’s Broadside Against Austrian Economics”

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‘They Shall Not Grow Old’

May 27, 2019

I recently saw the documentary They Shall Not Grow Old, an account by English soldiers of their experiences in the Great War of 1914-1918. Culled from hundreds of hours of colorized actual wartime footage, it’s a beautiful and heart wrenching film. It’s also a superb antiwar film, simply through its graphic and accurate depiction of mass death and casualties across blood-soaked European battlefields.
Refreshingly, the film relies solely on audio transcripts from about 200 English soldiers who fought in World War I. There is no script, and no narration. The viewer simply hears the gravelly, aged voices of the soldiers themselves, never identified by name or rank. They are anonymous, but judging by the towns from which they hailed

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They Shall Not Grow Old is a Superb Antiwar Film

May 27, 2019

I recently saw the documentary They Shall Not Grow Old, an account by English soldiers of their experiences in the Great War of 1914-1918. Culled from hundreds of hours of colorized actual wartime footage, it’s a beautiful and heart wrenching film. It’s also a superb antiwar film, simply through its graphic and accurate depiction of mass …

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Envy, Inc.

May 25, 2019

Presidential aspirant Kamala Harris promises to compel private companies with more than 100 employees to disclose what they pay employees to the Equal Opportunity Employment Commission. Companies that don’t pay women “enough” will pay fines until they demonstrate an acceptable level of gender parity. South Bend, Indiana’s “Mayor Pete” Buttigieg thinks America needs a federal “Equality Act” to make up for past racism, sexism, and homophobia. Senator Elizabeth Warren champions direct cash payments to black Americans as reparations for slavery. And all of the 2020 hopefuls take great pains to characterize income and wealth disparity as the defining issue of our time.
The ostensible thread connecting all of these public policy ideas

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Envy, Inc.

May 24, 2019

Why do so many people resent capitalism, even when they benefit enormously from it? Ludwig von Mises explained so much of what still plagues us today in his underrated classic The Anti-Capitalistic Mentality. Original Article: “Envy, Inc.”

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Envy, Inc.

May 23, 2019

Presidential aspirant Kamala Harris promises to compel private companies with more than 100 employees to disclose what they pay employees to the Equal Opportunity Employment Commission. Companies that don’t pay women “enough” will pay fines until they demonstrate an acceptable level of gender parity. South Bend, Indiana’s “Mayor Pete” Buttigieg thinks America needs a federal “Equality …

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Reaching the Next Generation

May 9, 2019

Please help us distribute Economics in One Lesson far and wide to students across the US. From home schools and high schools to universities and graduate programs, our network of professors, teachers, student groups, business owners, supporters, and activists stands ready to blanket the country. We will put this book in the hands of thousands of …

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Reaching the Next Generation

May 8, 2019

100 years ago, Ludwig von Mises literally wrote the book on socialism. But 25 years later, in 1946, Henry Hazlitt wrote the primer. Economics in One Lesson remains a classic. It may be the most important book about economics ever written for laymen. It’s a perennial best seller in our bookstore. And it’s the first …

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Ray Dalio’s Hollow Lament

April 11, 2019

Hedge fund titan Ray Dalio is just the latest billionaire to call for government to save us from guys like him.   It’s not pretty. Dalio’s recent article titled “Why and How Capitalism Needs to be Reformed” is a mess, though to be clear it’s a thoroughly well-intentioned and heartfelt mess. It’s a mix of self-effacement (I’m just a …

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A Modest Proposal for the Fed

March 20, 2019

Quantitative easing, the program of asset buying initiated by the US Federal Reserve Bank in 2008, represents the most profound monetary experiment in the history of the world. Between fall of 2008 and fall of 2014, three successive rounds of QE quadrupled the monetary base of the world’s most-used and dominant currency, from less than $1 trillion to more than $4 …

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A Response to Daniel McCarthy’s “Why Libertarians are Wrong”

February 28, 2019

Daniel McCarthy, editor of Modern Age and editor at large for The American Conservative, recently published an essay on the Spectator USA site titled “Why Libertarians are Wrong.” It merits a response because Mr. McCarthy is friendly and sympathetic toward libertarianism, and despite the infirmities of his article ought to be seen as a fellow traveler.  The title misleads us a bit …

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Politics: How Something Beats Nothing

February 19, 2019

What is the real state of life in America? Why are we so divided, politically and otherwise? How fragile is the economy, and how much longer can debt and deficits go unaddressed? Will culture wars destroy any remaining sense of a shared American vision? Is a cold civil war—or worse—inevitable? Recorded at “The Mises Institute …

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Jeff Deist on Why Socialism Persists

January 19, 2019

This is the last Mises Weekends episode! But don’t despair, Jeff will soon be back with a brand new format: The Human Action Podcast. The new show is not radically different, but focuses more exclusively on Austrian economics, its great books, and its great thinkers — with longer, more in-depth interviews. But don’t take our …

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Still Fighting the Last War Against Socialism

January 12, 2019

Why does support for socialism persist?
The short answer may be simple human nature, our natural tendency toward dissatisfaction with the present and unease about the future. Even in the midst of almost unimaginable material comforts made possible only by markets and entrepreneurs—both derided by socialists—we cannot manage to conclusively defeat the tired but deadly old arguments for collective ownership of capital. We’re so rich that socialists imagine the material wealth all around us will continue to organize itself magically, regardless of incentives.
It’s a vexing problem, and not an academic one. Millions of young people across America and the West consider socialism a viable and even noble approach to organizing society,

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A Message from Jeff Deist

December 18, 2018

I want to make sure you saw the letter Lew Rockwell wrote a few days ago. Won’t you take a few minutes right now to respond and make a donation? Lew’s letter talks about the tremendous sacrifices Ludwig von Mises and Murray Rothbard made in pursuit of truth and ideas. Both put intellectual freedom ahead of money, status, …

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Against the Zeitgeist

November 28, 2018

This article is excerpted from a talk delivered at the 2018 annual meeting of the Property and Freedom Society.
Introduction
Ladies and gentlemen, the first task for any intellectual or ideological effort is to understand the environment surrounding it. Whether we like it or not, we live in a decidedly illiberal age: an age hostile to private property, individualism, civility, speech, academic freedom, culture, even to civilization itself. The spirit and tenor of our time are not at all conducive to liberal arguments; in fact such arguments are perverted into justifications for state action. Because of this sober reality we should resist the zeitgeist, and resist the language, narratives, issue framing, incivility, and

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Against the Zeitgeist

November 27, 2018

This article is excerpted from a talk delivered at the 2018 annual meeting of the Property and Freedom Society.   Introduction  Ladies and gentlemen, the first task for any intellectual or ideological effort is to understand the environment surrounding it. Whether we like it or not, we live in a decidedly illiberal age: an age …

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Jeff Deist on “The Show”

November 10, 2018

The legacy media doesn’t report news, it produces a show. “The Show” lies to us, divides us, inflames the culture wars, and creates political division. The old broadcast networks, cable channels, newspapers, and magazines all actively work against liberty and correct economics—so the importance of alternative sources for news, economics, history, and politics has never …

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Rothbard A to Z

November 9, 2018

Are you a Murray Rothbard fan? Do you love his writing? His clarity and style? His razor-sharp economic analysis? His penchant for slaying sacred cows? Then you’ll want to be part of our exciting new project — but we need your help to make it happen. The Mises Institute hopes to publish an epic Murray …

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What the Midterms Mean

November 7, 2018

The Most Important Election of our Lifetime™ may be a referendum on Trump, Kavanaugh, #metoo, migrant caravans, or any number of manufactured outrages since the 2016 presidential election. It will not be a referendum on foreign policy, the Federal Reserve, debt, spending entitlements, spying, civil liberties, or anything important with regard to state power.By any objective …

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