Mises Institute
Monday, December 29, 2025
 
 

Fiat money is always a scam for the ordinary people who get left holding the bag of ruined purchasing power. It was even that way in the earliest years of the United States when Congress’s paper money quickly became de facto fiat money.

Also, Lorenzo Ciani today recalls the life and work of farming pioneer Camillo Tarello whose agricultural entrepreneurship, and conflicts with the ruling class of his day, set him apart.

Ryan McMaken, Editor-in-Chief

 
 
The Continental Bait-and-Switch
Joshua Mawhorter
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
 
READ MORE +
 
 
Camillo Tarello: The Forgotten Farmer Who Outsmarted the State
Lorenzo Cianti
Camillo Tarello was one of the fathers of modern agriculture. Fighting the headwinds of state disapproval for his innovative farming methods, he made many agricultural discoveries, benefiting not only his fellow Italians, but future farmers around the world.
 
READ MORE +
 
 
Capitalism: The Market Economy
 
Prices and profits guide production; losses correct errors.
 
LISTEN +
 
 
Camillo Tarello: The Forgotten Farmer Who Outsmarted the State
 
Camillo Tarello was one of the fathers of modern agriculture.
 
LISTEN +
 
 
Trump’s Tariffs Run the Whiskey River Dry
Jim Beam has been making whiskey for a long time, through thick and thin. But the Trump tariffs have shut down the venerable distillery.
 
read more
 
 
The Nordic Model Isn’t as Socialist as Democratic Socialists Claim
Scandinavia is not socialist; in fact, they are often ranked far higher than socialist economies like Venezuela in terms of economic freedom.
 
read more
 
 
Trump Considers Reclassifying Marijuana
Cannabis stocks surged after news broke that Trump is considering ordering his administration to reclassify marijuana as a less dangerous drug.
 
read more
 
 
 
 
 
Underinvested Commodities, Overhyped AI
 
Reading 2026 the Austrian way. Mark Thornton appears on Metals and Miners with Gary Bohm.
 
WATCH NOW
 
 
 
 
Hayek for the 21st Century
 
The Mises Institute is giving away 100,000 copies of this collection of essays by Austrian School economist and Nobel laureate F. A. Hayek, whom Ludwig von Mises described as “one of the great economists” of all time. The vision of this book is to introduce a new generation of readers to Hayek’s writings.
 
ORDER YOUR FREE COPY +
 
Donate today!
 
Mises Institute
 

You are receiving this email because of your interest in the Mises Institute.

Our mailing address is

Mises Institute
518 W Magnolia Ave
Auburn, AL 36832-4501

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.