Mises Institute
Wednesday, August 13, 2025
 
 
Federal Debt Surges in July as Trump’s Spending Spree Continues
Ryan McMaken
DOGE has failed in its stated mission. Trump is no fiscal hawk. The Republican leadership in Congress—with Trump’s encouragement—will keep spending at record-breaking levels.
 
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Harry Truman: Founding Father of the National Security State
George Ford Smith
Following World War II, President Truman helped produce the modern national security state by creating the Central Intelligence Agency. Only later did Truman regret what he did, as the CIA turned into a monster that could never be tamed.
 
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The Jeffersonian Revolution and the Defeat of Hamilton
 

Jefferson’s victory ended Hamilton’s cronyist regime.
 
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The Great War
 
World War I profoundly shaped Mises’s economic outlook, strengthening his commitment to liberalism and sharpening his critique of state power.
 
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Newsflash: Governments Lie
While it will not shock readers of mises.org, we need frequent reminders that political elites lie and are perhaps even more incentivized to lie to maintain power.
 
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Why Trump’s Tariffs Make No Sense
The rise of the internet has replaced manual labor with brain work─which pays way more. And Donald Trump wants to go backwards.
 
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World War I—The Great Banker Bailout
US entry into WWI assured a decisive Allied victory, but it also assured a victory for politically-connected US bankers and the new Federal Reserve System.
 
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Capital Consumption
 
What happens when a society consumes its seed corn?
 
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The Dollar Dilemma:
Where to from Here
 
Ron Paul explains how the collapse of sound money threatens global stability. He warns that inflation, debt, and central banking undermine economic freedom and erode trust in the dollar. Dr. Paul defends honest money and currency competition as essential to liberty, prosperity, and lasting peace.
 
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