Mises Daily Email

Friday, December 12, 2025

As Hayek explained decades ago, our view of history guides our view of the present. So it’s important that a new PBS documentary on the American Revolution repeats old myths about why a stronger federal constitution was supposedly necessary.

Also: David Brady explains why Murray Rothbard was right about the symbiotic relationship between big government and the warfare state.

Ryan McMaken, Editor-in-Chief

Ken Burns Plays the “Founding Chaos” Card

Phil Duffy

In the new Ken Burns documentary, an old myth—held by the left and right—is repeated: that chaos led to the need for the Constitution and a stronger national government.

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Inflation, Interventionism, and Intergenerational Resentment

Inflation does more than
just force up prices.

LISTEN +

Elon Musk Claims Money Will Become Irrelevant. Is He Right?

Will artificial intelligence make money itself obsolete?

LISTEN +

Austrian Economics in the Age of MAGA: Why Economics Matters

Economics is not a secondary issue.

Jean-Baptiste Say: Neglected Champion of Laissez-Faire

J.B. Say deserves to be remembered, especially by Austrian economists.

“Not Yours to Give”

Governments, by definition, cannot give what is not first taken from others.

Trump is Winning Over the Fed

Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell’s Fed talk, and the continuing realities of Obamacare.

WATCH NOW

The Misesian

In the latest issue of The Misesian, we give readers a sense of what happens at Mises University by featuring lectures and photos from the event, as well as testimonials from students.