Mises Institute
Tuesday, August 18, 2026
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Keynes Before He Became a Keynesian
George Ford Smith
The costs of war are vast and horrific. Most people know this, which raises the question of why the US government seemingly can’t live without it.
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Why the Fed Should Not Accommodate Increases in the Demand for Money
Frank Shostak
Most economists believe that a growing economy needs a growing supply of money. While sounding like a common-sense idea, it turns out to be dreadfully wrong.
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Has Trump Already Lost the War with Iran?
Wars of choice begin with grand promises, then redefine “victory” down to saving face once the original goals fail. Zachary Yost joins Ryan McMaken.
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The Fed’s Confidence Game: Gold, Debt, and What Comes Next
Mark Thornton explains why Fed policy may be more about protecting government debt, financial markets, and confidence in the dollar.
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The Imaginary World of Fed “Independence”
Whether the Fed favors one party is a sideshow. Its real job is financing the government, propping up federal debt, owning trillions of it, funding every crisis.
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Cronyism: The Rise of the Corporatist State, 1849–1929
In his new book, Patrick Newman shows how America’s corporatist state was built: not by free markets run amok, but by big business, bankers, and politicians using regulation to cartelize the economy.
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