Mises Wire

On this episode of Power and Market, the roundtable responds to Zohran Mamdani winning his primary in New York City, the rising MAGA attacks on the Fed, and the ceasefire in the Middle East.

Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.

Although Frank Meyer Frank was a National Review colleague of William F. Buckley, who loathed Murray Rothbard, Frank admired Rothbard and the two men often agreed on the current state of affairs. That is how Dr. David Gordon remembers him in today‘s Friday Philosophy.

Unfortunately, central bankers can‘t wave a magic wand and make price inflation disappear while the same central bankers also push easy money to force down interest rates.

America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms.

For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together.

Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.

Regardless of your view of the current conflicts, one fact is indisputable.  President Trump’s actions violate our traditional non-interventionist foreign policy. 

Socialist mayoral candidate Mamdani won the Democratic primary for mayor of New York City on promises to vastly expand government control of housing and businesses there. It worked.

Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.