Mises Institute
Saturday, July 26, 2025
 
 
MMTers Love When Governments Burn Money
Joshua Mawhorter
Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong. Governments did not burn money proper, but inflated claims to money.
 
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How Psychology Is Catching Up with the Reality of Human Action
Oscar Damberg
Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.
 
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Most popular this week
 
The Democrats are Their Own Worst Enemy
The Democrats are performing an autopsy of their 2024 electoral failures, but without mentioning Biden, the Harris campaign, their alienation of certain demographics, or their polarizing positions.
 
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Do WNBA Players Really Want to Be Paid What They Are Owed?
WNBA players demand equal pay, but what would they earn in a true free market? Bill Anderson explores league revenues, subsidies, and the costs of politicized pay equity.
 
read more
 
 
Will an Iran Cyber Attack Panic Usher In a New Patriot Act?
Amid fears of Iranian cyber attacks, Washington may seize the moment to expand surveillance powers. Is a new Patriot Act on the horizon, fueled by panic, not principle?
 
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Featured Audio
 
America-First Foreign Policy Is Dead
President Trump once vowed to end endless wars, promising swift peace in Ukraine and non-intervention in the Middle East. But now, he’s deepening US involvement in both arenas.
 
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An Actual Plan to Close the Fed and Tie the Dollar Back to Gold
Bob Murphy provides a detailed, realistic plan for abolishing the Federal Reserve and returning to a stable, gold-backed monetary system.
 
listen
 
 
Inflation: True or Out of the Blue
Mark Thornton gives a crash course on the sleight-of-hand world of inflation: how it really works, why the official story doesn’t add up, and who benefits from the illusion.
 
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Mises Univeristy
 
Don’t miss the free livestream of Mises U, which wraps up today.
 
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Liberty and Property
 
In Liberty and Property, Ludwig von Mises shows that political freedom is impossible without private ownership. He warns that socialism, by abolishing private property, leads to economic collapse and political tyranny. Mises defends capitalism as the only system compatible with liberty, prosperity, and peace.
 
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