Mises Institute

The drive to religious freedom in America was carried out overwhelmingly in the state legislatures—and the federal First Amendment had almost nothing to do with it.

Original article: https://mises.org/mises-wire/how-religious-freedom-america-was-founded-privatization-and-decentralization

President Trump and Hegseth are cashing a blank check for carnage that was written years earlier by President Barack Obama.

Original article: https://mises.org/power-market/obamas-powerpoint-death-parade-led-trumps-venezuelan-killings

For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done is protect farmland.

Original article: https://mises.org/mises-wire/farmland-protection-policy-act-crisis-politics-and-quiet-socialization-land

Mark Thornton argues that interest is a core price that coordinates time, investment, and growth, and that the Federal Reserve has turned it into an administered number. Mark warns the long-run trend may be turning: bigger states and debts, weaker anti-inflation ideology, and aging populations imply longer, higher for longer. What are the implications? Keep that 2% Covid-era mortgage, expect poor long-bond returns and lower real equity performance, and look for commodities to fare relatively better. Gold’s surge shows some investors already see the shift.

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Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder.

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Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

Original article: https://mises.org/mises-wire/inflation-interventionism-and-intergenerational-resentment

On this episode of Power and Market, Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell's Fed talk, and the continuing realities of Obamacare.

As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less affordable as a total failure. But that wasn’t the true purpose of the ACA. It was always meant to prop up the faltering crony healthcare system.

Read the article here: https://mises.org/mises-wire/obamacare-was-not-failure

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.

Original article: https://mises.org/mises-wire/bursting-bubble-was-fdr

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Original article: https://mises.org/mises-wire/elon-musk-claims-money-will-become-irrelevant-he-right