The weekly commentary from BlackRock—the world’s largest asset manager and investment firm, with over $12.5 trillion in assets—published on February 9, states that,

[This article is adapted from a talk delivered February 21, 2026 at the Mises Institute’s Mises Circle in Oklahoma City: Entrepreneurship Beyond Politics]

In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment.

July 2026 will mark the 250th anniversary of the Declaration of Independence. Here at the Mises Institute we plan to commemorate this important anniversary in a number of ways. Chief among these will be remembering the Declaration of Independence as the radical and revolutionary document that it really was. That is, we won’t be doing what the regime and media will be doing this year. We won’t use the anniversary as an occasion to celebrate the American government, its military, and the power that the regime has seized for itself in the centuries since the Declaration was adopted.

The Mises Institute has named Dr. Patrick Newman the Murray N. Rothbard Research Fellow. He is the first scholar to receive this title, one well deserved given his prolific scholarly work in recent years, which builds on the legacy of the late Murray N. Rothbard.

The real scandal of our time is not that artificial intelligence is replacing human labor. The scandal is that so much of that labor was misallocated to begin with. AI is not the killer—it is the coroner.