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The Mises Institute's magazine, The Misesian, goes out to all our Members six times per year.

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Read the July–August Issue

Inside This Issue

From the Editor
July/August 2025


Since 1945, the federal government has come to dominate the tech sector with seemingly endless contracts and grants paid for by American taxpayers. This has also created a new class of scientific experts who rely on government funding for much of their work.

The Myth of Fed “Independence”
by Jonathan Newman

The Fed by design feeds the political machine in DC by concealing the costs of government spending. The Fed serves the government, not the American people.

Why We Need to Read Read
David Gordon Reviews: Freedom in One Lesson: The Best of Leonard Read
by Gary Galles

We owe a great debt to Gary Galles for collecting no less than 97 of Leonard Read’s articles, accompanied by a commentary of his own in which he shows their relevance to contemporary issues.

War, Taxes, and the National Science Foundation
by Peter G. Klein

Scientists have been transformed into grant hunters, and that gives them lots of incentives to lobby for even more federal funding. So, scientists themselves are among the most up in arms at the proposed cuts to federal research funding among universities today.

The Young Rothbard: An Uncomfortable Neoclassical Economist
by Dr. Joseph T. Salerno

Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.

Spotlight: Summer 2025 Research Fellows in Residence

For more than 20 years now, our summer-long fellowship program has offered liberty-minded scholars a place to write, study, publish, and develop their contributions to the fields of economics, history, philosophy, and more. Learn more about this year's cohort!

All past issues of The Misesian available at mises.org.

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