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** New Issue Now Available!
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In this issue of The Austrian, we provide highlights from some of the most important and salient articles we have published during this unprecedented crisis.

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** Inside This Issue
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It is in a time of crisis where the leviathan state has the greatest opportunity to grow. The global coronavirus pandemic has given cover to governments around the world to give into totalitarian instincts and implement authoritarian policies against their people. It is in times like this when an uncompromising defense of liberty and markets is needed most. We are grateful that people around the world have sought out the content of the Mises Institute to better understand the environment we find ourselves in, pushing traffic on mises.org ([link removed]) to all-time highs.

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At first, one might be tempted to toss this book aside. Milanovic, who used to be lead economist at the World Bank’s research department, is a specialist in global inequality. He esteems the work of Thomas Piketty. He spends a great deal of time on proposals to make “liberal meritocratic capitalism,” his name for the economic system we live in, more egalitarian. If you care more about doing well than about whether people are “equal,” why bother with Capitalism, Alone?

In answer, the book has some good insights, along with bad but instructive arguments.

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Have a look inside for an inside look at past events,
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