lucas1

Lucas Peters is a commercial flat roof salesman and former roofer who leverages his hands-on industry experience to d

The Myth of Fed “Independence”

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:

Why We Need to Read Read

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.

The Erosion of Free Speech

Most Western nations claim that they honor free speech. Constitutions around the world are centered around it. But if you move outside the political consensus in many European countries, that promise increasingly rings hollow. While this is prevalent in many European countries, Germany has some particularly dramatic examples this essay will analyze. In April 2025, a right-wing journalist named David Bendels got a seven-month sentence on parole for the crime of “defamation.” His crime?