Mises Institute
Saturday, July 12, 2025
 
 
The CBO Isn’t Allowed to Forecast an Inflationary Debt Crisis
Robert P. Murphy
The CBO’s forecasting restrictions prevent it from predicting an inflationary debt crisis, despite rising US debt and deficits. This limitation hinders proactive policy-making, risking economic instability.
 
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Revolutionary Inflation: A Threat to the Cause of Independence
Joshua Mawhorter
War, even the American Revolution, is about the health of the state because it is almost impossible to avoid fighting a war on state-centric terms.
 
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Most popular this week
 
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. 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
 
More War and No Epstein Files: MAGA’s Rough Few Weeks
Endless wars? Easy. Epstein files? “Complicated.” What’s the takeaway for Trump supporters?
 
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Essays in Austrian Economics: Honoring Joseph Salerno
Bob Murphy and David Howden explore the enduring contributions of Joseph Salerno to Austrian economics.
 
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Who Invented Money?
Mark Thornton unpacks a deceptively simple question and follows its answer deep into the heart of economic history and theory.
 
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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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