Mises Institute
Saturday, March 22, 2025
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The Tariff and Income Tax Toggle
Joshua Mawhorter
President Trump has suggested that the government eliminate the personal income tax and replace it with tariffs. While some may champion that proposal, the truth is that it is much easier to add a new tax than it is to eliminate it.
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Andrew Johnson’s Scuffle with Protectionists
Justin Madura
President Andrew Johnson vetoed protectionist legislation that looked to raise tariffs on imported copper. Congress overrode his veto, but his free-trade message is just as relevant today as it was in 1869.
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Most popular this week
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The Gold at Fort Knox Was Stolen from Americans
The US gold reserves in Fort Knox are a legacy of the time the US government confiscated private gold and reneged on its promises to pay its debts in gold.
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Why the Bureaucracy Keeps Getting Bigger
Since there is no genuine test of merit in government’s “service” to consumers, the bureaucrats have decided that the metric of success is commanding a bigger staff and a bigger budget.
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Trump Is Not Destroying Institutions; That’s What FDR Did
In a recent New York Times column, a Dartmouth professor claims Trump erodes trust while FDR restored it—but history tells a different story.
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Featured Audio
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The Rise of the State and the End of Private Money
Our fiat money system took 300 years to build—by destroying private money, free banking, and competing currencies. Now we’re paying the price with inflation.
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Why Price Deflation Doesn’t Hinder Investment
Bob Murphy explores the economic implications of deflation, debunking the mainstream fear that falling prices cripple economic growth.
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Are Economic Crises and Crashes Inevitable?
Are economic crashes inevitable, or are they the direct result of government meddling? History shows a pattern—but politicians and central bankers refuse to take the blame.
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Trump Adopts the Democrats’ Terrible Yemen Policy
This is a bad sign of what’s to come.
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The Struggle for Liberty:
A Libertarian History of Political Thought
The great Ralph Raico (1936–2016) weaves together the daily life of the past, competing intellectual traditions, the history of the modern state, and the international background to create a broad and compelling narrative.
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