Mises Institute

If Hobbes is right about human nature, then he is wrong about the state as a solution. Ironically, his key arguments for the state are actually key reasons against it.

Original article: https://mises.org/mises-wire/hobbess-accidental-case-against-state

On this episode of Power & Market, Ryan, Connor, and Tho take a look at this week’s off-year elections. Were any of the outcomes a real surprise? Does Mamdami reflect the future of the left? Will affordability bring down MAGA? The roundtable discuss these questions and more.

The justices that Trump appointed to the Supreme Court have shown a recent intolerance for the kinds of semantic leaps his administration is relying on to justify its tariffs. Will they remain consistent or fall in line behind the president?

Read the article here: https://mises.org/mises-wire/trumps-tariff-power-grab

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

While giddy socialists are proclaiming that Zohran Mamdani's electoral victory is the beginning of a socialist takeover of the US, the Democratic Socialists of America have a long way before they can complete their stated mission.

Original article: https://mises.org/mises-wire/election-mamdani-what-it-means-and-what-it-doesnt-mean

Ryan McMaken takes a deep dive on food stamp spending, food stamp recipients, and how Big Ag and other industry lobbyists fight to keep food stamp spending flowing and increasing.

Speaking at the recent Mises Institute Supporters Summit, Mark Thornton argues that lasting reform comes from the bottom up, not from political edict. Drawing on Hayek’s “worst get to the top” insight, Mark contrasts elite-driven prohibition with the citizen-led wave of decriminalization and legalization across states and abroad. Mark also explains the role of “salutary neglect” by local officials, the Oregon backlash as a failure of property-rights enforcement—not of liberty—and the scholarly case against the drug war. The crux: markets and civil society integrate; top-down policy divides.

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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

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

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. 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.

Read the Congressional Testimony: https://Mises.org/HAP523a

Read More from Alex Pollock: https://Mises.org/HAP523b

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