Mises Institute
Wednesday, February 4, 2026



If it seems like a product or service is being used “too much” a good place to start is to see if the government is subsidizing it. The answer is very often “yes,” and the pesticide DDT is a textbook case. In the 1940s and 50s, DDT was a miracle chemical that saved countless lives from infection. But then the US government decided that it should be sprayed everywhere and without regard for local property rights. Somehow, private markets and “greed” got blamed.

Ryan McMaken, Editor-in-Chief

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The Political Economy of Pesticides: How to Subsidize a Poison
Timothy D. Terrell
Will the Make America Healthy Again (MAHA) succeed? If the regulatory story of DDT is a prime example of government regulation in action, then the answer is a resounding no.

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The Panic of 1857: An Austrian View
Douglas E. French
Economic historians usually are mistaken when looking at the causes of the Panic of 1857. Douglas E. French sets the record straight.

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The Functions
of Money

Money arises from marketable commodities, not decree.

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Silver Slammed ss Trump Nominates New Fed Chair

Mark Thornton analyzes the sharp pullback in gold and silver.

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