Mises Institute
Saturday, August 2, 2025
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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
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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.
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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
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Five Myths About the History of Political Thought
Drawing on Raico’s The Struggle for Liberty, Ryan McMaken challenges the conventional takes on Rousseau, John Stuart Mill, constitutionalism, and more.
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The Problems
of Inflation
In this 1968 lecture, Ludwig von Mises delivers a forceful critique of inflationary policy, showing how monetary expansion undermines savings, distorts prices, and erodes the foundations of a market economy.
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The Great Precious Metal Premium Conspiracy
Why do gold and silver coins cost more than spot, and why do those premiums vanish when selling? Mark Thornton unpacks the mystery of precious metal premiums.
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What Henry Hazlitt Knew and What You Should Know About Inflation
Bob Murphy at Mises U 2025.
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The Dollar Dilemma:
Where to from Here
Ron Paul explains how the collapse of sound money threatens global stability. He warns that inflation, debt, and central banking undermine economic freedom and erode trust in the dollar. Dr. Paul defends honest money and currency competition as essential to liberty, prosperity, and lasting peace.
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