Mises Daily Email

Thursday, December 4, 2025

“Public” transit serves as one of the great visible examples of how government agencies can take the most basic concept and run it into the ground. Gregory Bresiger today looks at how, from Pittsburgh to New York City, government-owned enterprises excel at losing money while reducing quality.

Also: is there anything that the Federal Reserve’s monetary policy can’t turn into a bubble of malinvestments? Not even college football is immune.

Ryan McMaken, Editor-in-Chief

The Disasters of Government Enterprise

Gregory Bresiger

Government transit in the US is going from bad to worse. Systems are breaking down and law-abiding riders face dangers of assault, robbery, and murder. The current “solution”? Spend even more money on these systems.

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The Rise of the
Motion Picture

Hollywood’s commercial chaos still makes real art. No lone geniuses required.

LISTEN +

The Lane Train (And the Rest of College Football Madness) Has Been Fueled by Easy Money

Boom, bust, and pigskin.

LISTEN +

Federal Interest Payments Surge to New Highs as Trump Spending Rises Yet Again

We are unlikely to see any significant departure from the overall trend of rising spending and deficits.

Free Markets, Entrepreneurial Error, and the Nico Iamaleava Saga

Nico Iamaleava’s attempt to leverage more money from the University of Tennessee failed, offering valuable economic lessons.

Why We Should Sell Alcohol at College Football Games

Many colleges and universities prohibit alcohol consumption at football games. Does this stop drunkenness or disorder?

Metals, Black Swans, and the Next Bust

Dr. Mark Thornton appears on Palisades Gold Radio with Stijn Schmitz.

WATCH NOW

The Misesian

In the latest issue of The Misesian, we give readers a sense of what happens at Mises University by featuring lectures and photos from the event, as well as testimonials from students.