The Misesian, vol. 2, no. 4, 2025

Since 1945, the federal government has come to dominate the tech sector with seemingly endless contracts and grants paid for by American taxpayers. This has also created a new class of scientific experts who rely on government funding for much of their work.

Scientists have been transformed into grant hunters, and that gives them lots of incentives to lobby for even more federal funding. So, scientists themselves are among the most up in arms at the proposed cuts to federal research funding among universities today.

The Fed by design feeds the political machine in DC by concealing the costs of government spending. The Fed serves the government, not the American people.

Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.

For more than 20 years now, our summer-long fellowship program has offered liberty-minded scholars a place to write, study, publish, and develop their contributions to the fields of economics, history, philosophy, and more. Learn more about this year's cohort!

We owe a great debt to Gary Galles for collecting no less than 97 of Leonard Read’s articles, accompanied by a commentary of his own in which he shows their relevance to contemporary issues.