Mises Institute
Tuesday, May 20, 2025
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MMT’s Barely-Hidden Totalitarian Bias
Rudolph Kohn
While Austrian economists have engaged modern monetary theorists on economic terms, one should not forget that this theory promotes totalitarian governance.
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From Leninism to Social Democracy: A Guide to Socialist Models
Richard W. Fulmer
While democratic socialism is the darling of the political left, all forms of socialism have come from the brutal model first imposed upon Russia in 1917.
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Why Are US Drug Prices So High?
Economist Alex Tabarrok joins Bob Murphy to review Trump’s executive order on prescription drug pricing.
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The Marshall Plan Slush Fund: Cronyism for US Exporters
Patrick Newman exposes how corporate welfare and corruption shaped post-war policy.
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Interest Rate Caps Won’t Solve America’s Debt Problem
Ultimately, interest rate caps would cost Americans access to a convenient and reliable source of credit. Instead of saving them money, a rate cap would push consumers into worse credit options.
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Abolitionist Hypocrisies
The antebellum abolitionist movement ranged from peaceful abolitionist societies in the South to groups in New England advocating violence and bloodshed. Unfortunately, the nation’s political leaders chose to end slavery through violent means.
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One Wrong Decision and Everything Turns to Dust
With all of the current angst about tariffs and other issues, it is easy to forget that there are missile silos around the world with weapons that can destroy the world as we have known it. All that is needed is one bad decision.
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False Virtue: The Phony Rationale for American Military Imperialism
Tom DiLorenzo exposes the dangerous “Treasury of Virtue” that justifies endless wars and imperialism.
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The World at War
Ralph Raico offers a compelling, classical liberal perspective on the economic roots of twentieth-century conflict. Raico weaves together history and theory to illuminate the deeper causes of the world wars—insights that remain strikingly relevant in the context of ongoing debates over intervention and perpetual war.
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