Trump Is Spending Taxpayer Money at Record Levels
A new July report shows Trump and the GOP Congress have joined forces to drive up federal spending to the highest levels since covid. The federal debt also just passed $37 trillion.
Mises Wire
Every Year is 1939 to the War Hawks
According to the neo-conservative war hawks, every so-called enemy is the Next Hitler and every year is 1939. The failure to seek new conflicts abroad is equated to the failure of Great Britain and France to stand up to Hitler before World War II broke out.
Hayek for the 21st Century—Our New 100,000 Book Giveaway
Hayek for the 21st Century is a primer for the layperson, introducing a new generation of readers to Hayek’s writings and hopefully avoiding the 20th century’s mistakes in the 21st century. Get a free copy today.
You Can’t Yell “Chicken Jockey” in a Crowded Theater (Except When You Can)
The hackneyed argument for government regulation of speech—yelling "fire!" in a crowded theater—has always been a red herring. As Murray Rothbard wrote, private property rights should be front-and-center when dealing with free speech issues.
Richard Werner’s Credit Creation “Experiment”: How Do Banks Create Money?
Werner’s experiment is dubious at best. He strawmaned the alternative theories and set up the experiment in such a way that only his preferred theory would be confirmed.
How Private Banks Can Create Money, But Not Like the Fed Can
Bob breaks down the mechanics behind how commercial banks create money out of thin air—and why that power fuels economic booms and busts.
Tariffs Won’t Spawn Good Trade Deals
The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.
The Oklahoma City Bombing: A Lesson in Government Lawlessness
After the tragic 1995 Oklahoma City bombing, the FBI rolled out the usual “lone nut” narrative about who did it. However, much evidence exists to show that FBI informants and agents embedded with white supremacy groups may well have been involved.
The Trump-Putin Meeting: How We Got Here
The disheartening and frustrating fact is that Russia is in a much stronger negotiating position now than they were earlier in the war, when Western officials convinced Ukraine to walk away from peace talks and fight.
Federal Debt Surges in July as Trump’s Spending Spree Continues
DOGE has failed in its stated mission. Trump is no fiscal hawk. The Republican leadership in Congress—with Trump’s encouragement—will keep spending at record-breaking levels.
