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Quote of the Week | Friedrich August von Hayek

Austrian Economics is always in style. Because truth doesn't follow trends, and sound ideas never go out of fashion.

What if death is not inevitable? What if aging is not a destiny, but a problem science can solve? This July, one of the world's most provocative futurists comes to Salzburg. José Luis Cordeiro presents the international bestseller ''The Death of Death''. A fascinating evening exploring longevity, artificial intelligence, biotechnology, and the future of humanity. 📍 Salzburg 📅 July 21, 2026 🕕 6:00 PM ❗Registration opens: June 15

When he's Austrian but not from Austria.

The language of economics begins with a simple insight: Costs do not disappear simply because they are hidden. When a good or service is described as "free", the relevant question is not whether a cost exists, but where it has been shifted. To whom? Through what mechanism? And at what point in time? The Austrian School has long emphasized the importance of looking beyond immediate appearances and examining the underlying structure of incentives, trade-offs, and opportunity costs. As Friedrich A. Hayek observed, economic thinking often requires us to look beyond the visible effects of a policy or decision and consider its less obvious consequences. There is no such thing as a free lunch. Only costs that are more or less visible. What is something people call "free" that isn't really free? 👇 Tell us in the comments.

POV: You just finished reading Basic Economics.

Vor 82 Jahren veröffentlichte Friedrich A. Hayek sein wohl bekanntestes Werk „Der Weg zur Knechtschaft“ (The Road to Serfdom). Darin setzte sich der spätere Nobelpreisträger mit den Gefahren zentraler Wirtschaftsplanung und dem Verhältnis von Freiheit, Staat und Gesellschaft auseinander – Themen, die bis heute kontrovers diskutiert werden. 🎙️ In der Ö1-Reihe „Klassiker des Wissens“ beleuchtet Martin Haidinger die Entstehung, die Kernaussagen und die anhaltende Relevanz dieses einflussreichen Werkes. 📅 Heute, 8. Juni 2026 ⏰ 16:05 Uhr 📻 Ö1 oe1.orf.at/programm/20260608…

Quote of the Week | Murray Rothbard

Wordplay of the day: Milton Friedman → Milton Fried, man. Just a little transitory inflation.

Chat of the Week | ECB: New update just dropped

Quote of the Week | Aleksandr Solzhenitsyn

Next meetup in 5 days! Tuesday, June 2, 2026 𝗖𝗮𝗻 𝗦𝗰𝗶𝗲𝗻𝗰𝗲 𝗕𝗲 𝗡𝗲𝘂𝘁𝗿𝗮𝗹? 𝗣𝗮𝗿𝘁 𝟮 The modern world is trapped in a profound and lethal contradiction. On one hand, we witness the magnificent achievements of human reason: skyscrapers, industry, advanced science. On the other hand, we witness an absolute cultural bankruptcy. We are told by contemporary intellectuals that while science deals with objective facts, morality is a matter of mere whim, social consensus, or mystical faith. This is the myth of the "morally neutral" scientist. But reason cannot be split in half. Science cannot be neutral. In her essay “To Young Scientists,” Ayn Rand explains that when a scientist claims to be "above the battle," they do not remain pure. They become a functional asset producing material wonders on demand, while blindly surrendering the keys of their intellect to the state, the bureaucrat, or the brute. To separate knowledge from values is to declare that the mind has a duty to think, but no right to judge. It is an act of supreme moral cowardice that leaves civilization at the mercy of unguided force. The issues we will discuss: 1. The Morality of Science: What should guide scientific inquiry and what role does morality play in science? How are virtues like integrity and honesty applied in science and what are the ethical responsibilities of a scientist if any? 2. The Science of Morality: If we use reason to discover the laws of physics, why do we abandon reason when defining how a human being ought to live? Can ethics be derived objectively from the factual requirements of human survival? 3. The Tyranny of the Unthinking: When the men of the mind refuse to take a moral stand, who fills the vacuum? Why does the abdication of the intellect always result in the rise of political brutality? This is an open, structured philosophical discussion for those who refuse to let their minds be enslaved by the status quo. Read the text and come to the discussion! courses.aynrand.org/works/to… Tuesday, June 2, 2026, 6.30pm-8.30pm Hayek Saal, Grünangergasse 1/15-1, 1010 Wien Ring at Hayek Institute at the green gate Do it again at the second door (on the left) Hayek Saal is on the first floor (right)

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LONG LIVE FREEDOM!

“If Keynes had lived, he would greatly have modified his own ideas, as he was always changing opinions.” — Friedrich Hayek

Quote of the Week | Ayn Rand

FMRS Zagreb 2026: Eamonn Butler @eamonnbutler may have found a practical solution to reading Adam Smith. #fmrs #freemarket #roadshow #zagreb #croatia #adamsmith #wealthofnations

Still carrying cash? Mises would approve. The Austrian School has always been skeptical of systems that depend on constant central coordination. Turns out your payment terminal does too.