Mises Institute
Tuesday, May 13, 2025
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Why Elon Musk Is Right: The Case Against Subsidizing Amtrak
J.D. Wong
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.
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Wealth Generation and the Market Economy
Frank Shostak
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
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Explaining the Quirks in the GDP Report
Bob Murphy digs into the latest GDP numbers and shows what the data really says about tariffs, trade, and recession fears.
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Wealth Generation and the Market Economy
Government intervention does not enhance wealth, but instead destroys it.
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Federal Judge Sets Free Op-Ed Writer
Federal judge orders Trump administration to release Tufts University grad student Rumeysa Ozturk from ICE lockup. Federal prosecutors were not able to produce any evidence at all other than an op-ed Ozturk wrote.
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The Top Twenty Federal Business Subsidy Receivers
These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.
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The Spanish Blackout Is a Warning to the World
The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their own citizens. For years, experts have issued warnings.
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Keynesian Predictions vs. American History
Why do the “experts” always get it wrong? In this 2010 talk, Tom Woods skewers the fantasy of a managed economy.
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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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