Mises Institute
Saturday, July 12, 2025
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A Half-Century after New York City’s Fiscal Collapse, the City’s Politicians Have Learned Nothing
William L. Anderson
Fifty years after its fiscal meltdown, New York City is still spending like the crisis never happened.
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Half of June’s Job Growth Was in Government. Manufacturing Jobs Fall.
Ryan McMaken
June’s job growth was hailed in the media as proof of a strong economy. Except there’s a problem: fully half of these new jobs were government jobs.
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Most popular this week
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Tariffs Destroy Consumer Choice
Although President Trump has claimed that tariffs will ultimately raise our standard of living, they really are taxes on consumers. Furthermore, tariffs also deny consumers the choices they want to make.
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Political Machine Rolls on Regardless
Don’t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It’s best that we know how to protect ourselves from the consequences.
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Riots Are a Symptom of the Statist Disease
President Trump cracked down on the latest version of the LA riots by calling in the National Guard. However, much of the violence that accompanied those riots came courtesy of government actors.
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Featured Audio
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The Federal Reserve Is Covering Up Its Financial Losses
Federal Reserve policy expert Alex Pollock joins Ryan to discuss how the Fed has backed itself into a very bad financial corner. And there is no painless way out.
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Essays in Austrian Economics: Honoring Joe Salerno
Bob Murphy and David Howden explore the enduring contributions of Joseph Salerno to Austrian economics.
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Who Really Invented Bitcoin?
Before Bitcoin, there was Hayek. In the 1970s, he warned that state-controlled money leads to inflation, instability, and political plunder. His fix? Competing currencies.
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How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine
Scott Horton exposes how US foreign policy disasters threaten peace, prosperity, and freedom.
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Liberty and Property
In Liberty and Property, Ludwig von Mises shows that political freedom is impossible without private ownership. He warns that socialism, by abolishing private property, leads to economic collapse and political tyranny. Mises defends capitalism as the only system compatible with liberty, prosperity, and peace.
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