As a true market entrepreneur, as opposed to a political entrepreneur, James J. Hill successfully built a transcontinental railroad, outcompeting his government-subsidized competitors.

Original article: https://mises.org/mises-wire/myth-robber-barons-james-hill-versus-crony-competitors

The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

No one doubts that the US is a politically and culturally divided nation. Contrary to much of public opinion, politicians like Donald Trump did not cause the crisis. Instead, as Lawrence Mead writes, they are a symptom of the government’s assault on our culture.

Original article: https://mises.org/mises-wire/recognizing-roots-current-us-political-turmoil

Recognizing the Roots of the Current US Political Turmoil

Despite the change in the White House, critical race theory is still with us, dominating the academic sectors and being ingrained in progressive culture. We need to better recognize what it is and how it works in order to better refute it.

Original article: https://mises.org/mises-wire/how-recognize-critical-race-theory

How to Recognize Critical Race Theory

September’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.

Original article: https://mises.org/mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus

No, Tariffs Did Not Cause September’s Budget Surplus

For more than 60 years, the US government has enforced a trade embargo against Cuba, ostensibly to force the communist government into collapse. The only thing that has collapsed, however, is the logic in the US policy.

Original article: https://mises.org/mises-wire/brief-history-enduring-american-embargo-against-cuba

A Brief History of the Enduring American Embargo against Cuba

Trump’s team is citing the fentanyl crisis to justify its escalations near Venezuela. But virtually all illicit fentanyl is made and smuggled thousands of miles away. If war or regime change in Venezuela is good for the American people, why hide the true motivations?

Original article: https://mises.org/mises-wire/trump-administration-lying-us-another-war

The Trump Administration Is Lying Us Into Another War

The food stamp program is a way for Pepsico and the Coca-Cola company to legally rip off the taxpayers.

Original article: https://mises.org/mises-wire/how-food-industry-lobbyists-keep-food-stamp-gravy-train-going

How Food Industry Lobbyists Keep the Food-Stamp Gravy Train Going

Henry Hazlett wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.

Original article: https://mises.org/mises-wire/all-means-elect-mamdani-and-watch-his-socialist-laboratory-work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

Dr. Alex Pollock joins the Human Action Podcast to explain his recent Congressional testimony on the Fed’s growing insolvency and mandate overreach. The Fed now admits to $243 billion in operating losses and nearly $1 trillion in mark-to-market losses, leaving it with negative capital of about $197 billion. Dr. Pollock explains how the central bank transformed itself into “the biggest 1980s-style savings and loan in history” — funding short while buying long, and bleeding cash as interest rates rose.

Rear Dr. Pollock's Testimony: https://Mises.org/HAP523a
Read More from Dr. Pollock: https://Mises.org/HAP523b

How Congress Should Reform the Fed

Murray Rothbard’s view of the origins of World War II has an important lesson for us today.

Original article: https://mises.org/mises-wire/murray-rothbard-and-world-war-ii-origins

Murray Rothbard and World War II Origins

When studying praxeology, something as trivial as the recipe for chocolate cake can become a way to better teach us Austrian economics.

Original article: https://mises.org/mises-wire/recipes-rothbard-what-chocolate-cake-can-teach-about-economics

Recipes with Rothbard: What Chocolate Cake Can Teach About Economics

The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.

The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

Mises Institute

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