Mises Institute
Monday, May 12, 2025
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Will Trump Follow Nixon’s IRS Road to Ruin?
James Bovard
Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn’t like. Richard Nixon did the same thing—and it helped bring down his presidency.
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P.T. Bauer’s Reminders on Foreign Aid
Joshua Mawhorter
The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World nations in the name of “development.” Bauer demonstrated conclusively that such donations actually impede economic growth in poor nations.
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The Gold-Silver Ratio
Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the world at large.
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Tricking Us Into War: The Cases of Lincoln and Roosevelt
John Denson exposes how presidents manipulate the American people to achieve war-driven ambitions.
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Only Congress, Not the President, Can Initiate War
Edwin S. Corwin in The President: Office and Powers, 1878–1957 has argued that the Constitution is a tussle for control between the executive and legislature.
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Gov. Newsom Appeals to the Sunk Cost Fallacy to Promote the Failed Bullet Train
Government officials see sunk costs as an incentive to promote public projects where costs clearly outweigh benefits.
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Truth or Consequences
While authors of The Price of Our Values claim that economists often substitute utilitarianism for moral values, they dismiss any idea of objective standards for morality.
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Public Enemies: Government Bureaucrats as Societal Parasites
In government, failure is success.
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The Misesian
Rothbard’s “Anatomy of the State” introduces the state as a unique, coercive institution, distinct from society. The latest Misesian expands on this view, examining historical commentary on the state’s emergence and its central role in modernity.
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