From Joe Salerno <[email protected]>
Subject A Great Mises U 2025
Date August 21, 2025 4:01 PM
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** Mises University Class of 2025 ([link removed])
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Dear Friend,

Mises University 2025 was a smashing success. The nearly 100 students that attended were taught by 19 faculty members, a five-to-one student–faculty ratio that even the most elite liberal arts colleges can only envy. The students came from far and wide, representing 28 states and 15 countries located on four continents.

But the success of Mises University is not merely a matter of the number and diverse origins of the participants. It depends crucially on the quality of the students and faculty and the innovative structure of the program. I have been the director of Mises University for more than two decades and a member of its faculty since 1989. I have observed and taught 37 cohorts spanning three generations of students. Without exaggeration, I can say this year's students were some of the most engaged, enthusiastic, and serious young scholars who have ever enrolled at Mises University.

Sixty-seven students, a full two-thirds of those who attended, chose to test their knowledge by taking the optional written exam. Eleven students passed the orals, five with honors.

Thirteen of this year's 19 faculty members themselves graduated of Mises University between 1989 and 2018. This detail showcases the undeniable long-term impact of the program. And because the majority of our faculty are Mises University alumni, they share the students' eagerness to participate and to be present. This palpable mutual enthusiasm created an electrifying atmosphere of intellectual exploration and exchange.

This year Mises University had highlights aplenty: The incomparable Dr. Tom Woods, a Mises University alumnus, kicked off the conference with a rousing keynote speech, “Austrian Economics in the Age of MAGA.” Professors Shawn Rittenour and Paul Cwik gave a highly entertaining and instructive presentation on the growth of the Austrian School. Drs. Bob Murphy and Jonathan Newman confronted and expertly demolished the absurd myths of the latest inflationist craze in academic economics, so-called modern monetary theory.

Ultimately, Mises University is about the students. I want to share a note we received from a student after Mises University 2025 concluded:

“It has already been two weeks since Mises University ended, and yet I still haven’t been able to move on from what has undoubtedly been the most impactful experience of my life. I know it’s common to hear that ‘Mises U is the best week of the year,’ but after living it myself, I can now say it with full conviction: it truly is. . . . And now, I’m ready. I feel stronger and more eager than ever to put what I’ve learned into action. To spread the truth about liberty and help others understand how Austrian economics can transform lives.”
—Michelle Molina Müller, Universidad Francisco Marroquín

Transformative experiences like this are the goal of Mises University. Comments like this show that the Mises Institute's efforts to teach Austrian economics continue to bear fruit. And we would not be able to do any of it without great donors like you. If you would like to help next year's students experience the Best Week of the Year, please consider donating to Mises University 2026 today. Next year will be the 40th anniversary of Mises University, and we want to make it one to never forget.

Sincerely,
Dr. Joseph T. Salerno
Academic Vice President
Sponsor a 2026 Student ([link removed])

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