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With the exception of the "covid panic" and the mandated lockdowns, etc., last week was the highest total for ongoing unemployment claims since early 2018:
Original article: https://mises.org/power-market/unemployment-claims-reach-highest-2018-ex-covid
Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.
Original article: https://mises.org/mises-wire/young-rothbard-uncomfortable-neoclassical-economist
The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny.
Original article: https://mises.org/mises-wire/scotus-strikes-blow-against-public-school-indoctrination-young-children
In this episode, Cato Institute's Scott Lincicome and Adam Michel dive deep into the sweeping new legislation—dubbed "The One Big Beautiful Bill"—moving through Congress. They break down what’s at stake as key provisions of the 2017 tax reform are set to expire, unpack the bill’s complex mix of tax cuts, new carve-outs, and industrial subsidies, and examine why temporary tax policy and policy uncertainty could derail economic growth. Plus, they confront the fiscal fiction behind tariffs as a reliable revenue source and make the case for a cleaner, more permanent pro-growth tax system. If you're looking for a sharp, honest take on where tax and trade policy stand in 2025—and where they should go—this one’s for you.
Show Notes:
Adam Michel, "Republicans’ One, Big, Beautiful Tax Bill Needs a Makeover" Cato.org, May 14, 2025
Adam Michel, "Four Things the Senate Can Do to Improve the House Tax Bill" Cato.org, May 22, 2025
Scott Lincicome, "Republicans Can’t Pay for Their Tax Cuts with Fantasy Revenue Sources" The Washington Post, May 27, 2025
Scott Lincicome, "Trump’s Latest Tariff Idea Is Dangerously Foolish" The Dispatch, June 19, 2025
Adam Michel, "Senate Big Beautiful Bill: More Growth, More Subsidies, More Debt" Cato.org, June 30th, 2025
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The site can also host blogs and announcements related to Austrian economics and libertarianism in the humanities.
Original article: https://mises.org/power-market/new-online-resource-libertarian-literary-and-media-criticism
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.
Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works.
Original article: https://mises.org/mises-wire/entrepreneur-and-summer-blockbuster
The government argues that restoring state control protects Mexico’s resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.
Original article: https://mises.org/power-market/mexicos-energy-sector-goes-backward