In the Gettysburg Address, Abraham Lincoln offered an interpretation of the Declaration of Independence. In this week’s column, I’m going to examine that interpretation. The matter is of more than a little importance, because the address has become part of the American “civil religion” and those who support this religion want to require all Americans to unite in accepting it.
Powell caves to administration pressure and predicts rate cuts. Meanwhile, asset prices soar on the news of more inflation.
[Inflation and the Family: Monetary Policy’s Impact on Household Life by Jeffrey L. Degner. (Palgrave Macmillan Cham, 2025; 242 pp.)]
Key personnel in the Trump administration have accused Fed Governor Lisa Cook of making false claims on mortgage applications. Basically, Cook is accused of claiming that she was going to use properties as her primary residence when she really planned to use those properties as investments. NBC news reports:
This article is adapted from a lecture delivered at the Revisionist History of War Conference at the Mises Institute, May 17, 2025.
This article is adapted from a lecture delivered at the Revisionist History of War Conference at the Mises Institute, May 17, 2025.
One of the central myths of the modern Federal Reserve is that it is “independent.” The idea is that the Fed is squarely focused on its dual mandate from Congress and is not influenced by politics, presidents, or pressure from the Treasury to keep the government’s borrowing costs low. In a Q&A after his recent speech, Fed Chair Jerome Powell said:
This was the opening-night lecture at the 2025 Rothbard Graduate Seminar.
Freedom in One Lesson: The Best of Leonard Read
Edited with commentary by Gary Galles
Mises Institute, 2025; xii + 422 pp.
We owe a great debt to Gary Galles, a distinguished free market economist who teaches at Pepperdine University, 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.
