Mises Institute
Thursday, April 23, 2026


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Who Pays the
Hormuz Toll?
Kristoffer Mousten Hansen
According to Rothbard’s first law of incidence, “no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax.

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Why Trump’s
Populism Failed
Ryan McMaken
The conservatives finally got their populist victory for middle-American working-class voters. The result is more federal spending, more federal power, and Israel-first foreign policy.

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Anatomy of the State
The state isn’t “us.” Listen now, while we’re funding a war nobody voted for.

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Libertarians Must Never Warm to the Warfare State
Rothbard: if you oppose state coercion at home, you can’t cheer it abroad.

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Raico, Ekirch, and the Tragedy of American Militarism
Raico saw it coming: the military would invent the wars it needed.

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