Mises Institute
Monday, January 5, 2026
Contrary to regime propaganda, the government’s regulators and central bankers have only ever made recessions and business cycles worse. The Federal Reserve gave us the Great Depression and 70s inflation, and enabled the corporate-welfare state that now rules in Washington. But, the government failures go back even further to 1893 and beyond. ([link removed]) ([link removed])
Also today, Larsen Plyler adds some much-needed detail ([link removed]) ([link removed]) to the narrative about American Indians, who were neither utopian tree-huggers nor incorrigible savages.
Ryan McMaken, Editor-in-Chief
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The Panic of 1893: An Austrian View
Joshua Mawhorter
From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it deserves.
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American Indians: Separating Truth from Fiction
Larsen Plyler
Depending upon the narrative, American Indians were either noble creatures who were victims of a genocide by rapacious European settlers or were bloodthirsty savages. The truth is more nuanced.
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Roger Farmer Gives
a Tour of Macroeconomics
Bob Murphy talks with Roger Farmer about how 20th century macroeconomics evolved.
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Silver’s Growing Pains
Mark Thornton kicks off 2026 with the new Minor Issues prediction contest (stocks vs. manure) and a hard look at the monetary-metals squeeze.
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Questioning the Annexation of Texas as a US State
The annexation of Texas was a preview of future foreign policy.
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Grant’s Memoirs on the Mexican-American War
Grant wrote that he and other troops were sent to provoke a fight.
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Bureaucracy: The Death Knell of Higher Education
Overexpansion, protectionism, and bureaucratic infiltration.
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Three Economic Fallacies: Holidays, Billionaires, and WWII
Work, wealth, and wartime spending.
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The Misesian
The latest issue of The Misesian discusses why, without private property, there is no way to plan for the future, and one’s goods are always subject to confiscation from the more powerful. In other words, a world without private property is a lawless world.
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