Mises Wire

During 2024 taxpayers were on the hook for $1.13 trillion in interest on the debt. That’s nearly $7,400 for each of the 153 million people who file tax returns.

Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.

The United States is dangerously close to entering yet another war in the Middle East. But this one has the potential to be a lot costlier for the American people while remaining just as unlikely to bring about peace and stability in the region.

Trump says he wants the US central bank to be more like the European Central Bank which has been more aggressively forcing down interest rates in recent months.

Despite Trump‘s campaign promises and despite DOGE‘s so-called reputation of cutting government waste, the new administration is spending money faster than the supposed spendthrift Biden administration. This is Machiavellianism at its best.

Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system.

We speak of the “economy” as though it produces goods. Yet, the term really is a fiction, as purposeful individuals working in cooperation with each other are the real producers.

In a true free market economy, credentials would not matter, and certainly not to the extent that they matter today. Credentialism, unfortunately, is a product of government interventionism.

Bitcoin and gold are now playing the essential role that central banks should be enforcing.

Daniel Lacalle joins Bob to tout the BBB as a pro-growth piece of legislation that is as good as libertarians are going to get.