Mises Institute
Saturday, May 10, 2025
 
 
The Spanish Blackout Is a Warning to the World
Daniel Lacalle
The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their own citizens.
 
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The Political Business Cycle 50 Years Later
Dale Steinreich
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
 
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Most popular this week
 
Real ID Is Not About Keeping You Safe
It’s important to understand that Real ID is not an irritating but necessary program to keep Americans safe. It’s the latest example of the government using 9/11 as an excuse to grab more power.
 
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Tariffs Did Not Make America Great and Won’t Make America Great Again
Trump has dubbed himself “a Tariff Man.” This is nothing new. However, his frequent claims regarding the US economy during the Gilded Age need scrutiny.
 
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The Spanish Blackout Shows Why the Green Dream Is Unsustainable
The collapse of the electric grid in Spain and Portugal proves that reliance on renewables for electric production is doomed to failure. Whether people listen is another story.
 
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Featured Audio
 
California’s Bullet-Train Delusion
California’s bullet train is economic fantasy. Ryan McMaken and economist Bill Anderson expose the costly realities of a project ignoring economic sense.
 
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The Method Behind Real Economic Thinking
Jonathan Newman joins Bob Murphy to explore what economics really is, why it matters, and how Jonathan’s new online course is helping teach it the right way.
 
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The Gold-Silver Ratio
Gold vs. silver: the historical battle returns. Mark Thornton explains what the gold-silver ratio means for investors today, and what it signals for the future economy.
 
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The Public Health Bureaucracy: Enemy of the Public, Enemy of Health
 
Bureaucrats just enforce rules and demand obedience.
 
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The Misesian
 
Rothbard’s “Anatomy of the State” introduces the state as a unique, coercive institution, distinct from society. The latest Misesian expands on this view, examining historical commentary on the state’s emergence and its central role in modernity.
 
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