Mises Institute
Wednesday, July 23, 2025
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Democratic Socialism IS Totalitarianism
William L. Anderson
The word “democratic” is supposed to soften the blow of socialism, with Zohran Mamdani’s campaign being the latest to fool the voters. In reality, there is no softening real socialism, as it depends upon coercion, violence, and ultimately becomes totalitarian.
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Subsidies to Amtrak and Siemens: A Pathway To Cronyism For The Few
J.D. Wong
Despite assurances from Amtrak’s administrators that profitability is just around the corner, Amtrak remains a huge money loser. Subsidies to Amtrak should come to an end and train travel should be privatized.
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An Actual Plan to Close the Fed and Tie the Dollar Back to Gold
Bob Murphy maps a real plan to restore gold-backed money.
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Tariffs versus
Free Trade
Dr. Patrick Newman exposes tariffs as economic distortions that harm consumers and misallocate resources.
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Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers
Hanke blames Trump and Powell for focusing on interest rates over money supply and worsening inequality.
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Getting Interest Rates Right (Is a Job For Markets)
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda.
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The Impact of Interest Rates on Economic Growth: An Austrian Perspective
The Fed manipulates interest rates to “fight” the business cycles but business cycles occur because of the manipulation.
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Mises University
Watch the free Mises U livestream, July 20–26: the best week of the year.
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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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