Mises Institute

While not as effective an economist as Ludwig von Mises or Murray N. Rothbard, Ludwig Lachmann played an important role in the revitalization of Austrian economics after 1974.

Trump has made his family billions by courting foreign and corporate money and accepting extravagant gifts while in office. But he didn’t bring self-enrichment to Washington, he simply made it much harder to ignore.

The articles in this issue help us to understand the true meaning of both the Declaration of Independence and the revolutionary movement that produced it. And, what it is that we are actually celebrating on this 250th anniversary.

Patrick Newman is an assistant teaching professor of economics at the University of Tampa and the Murray N. Rothbard Research Fellow at the Mises Institute. He is the author of several books, the most recent is Cronyism: Rise of the Corporatist State, 1849–1929 (2026).

Birzer does not grasp the importance of states’ rights in preserving liberty against the leviathan central government. In Randolph’s words, “I love liberty; I hate equality.” However, readers will learn a great deal from reading it.

There is little disagreement that the American healthcare system is broken. It is failing because market forces have been buried under decades of subsidies, regulations, licensing restrictions, and political favoritism. How did this happen and what to can we do about it?

Since 1986, Mises University has been the world’s leading academic program advancing Austrian economics. This July, we celebrated the 40th anniversary of our flagship event with students attending from around the world.

If you have time to read only one book about the American Revolution, it should be this one. It formed the basis for Rothbard’s conclusion that “in the deepest sense, the American Revolution was a conscious majority revolution in behalf of libertarianism and against power."

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.

Besides blistering heat, continued conflict in the Middle East, and World Cup controversy (even the US is getting into it), summer 2026 has brought spirited