Mises Institute

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept. Original article: https://mises.org/mises-wire/why-hayek-rejected-merit-based-equality

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

Jeffrey Degner, an economics professor and author of "Inflation and the Family," dives into the intriguing connection between marriage rates and homeownership. He discusses how inflation and economic pressures shape modern family life, particularly for Gen Z, who are delaying marriage due to financial burdens. Degner highlights historical marriage ages and their impact on homeownership, while cautioning that homes should not merely be seen as investments. He also compares U.S. homeownership with trends in Europe, revealing deeper cultural dynamics at play.

Inflation doesn't just inflate prices; it disrupts wealth accumulation, especially for the young. This creates a rift between generations. State interventions create unequal castes, and political distractions lead to resentment among classes. The Cantillon Effect shows how inflation benefits early recipients while deepening divides. Younger generations often reject elder financial advice due to these harsh economic realities. Ultimately, inflation affects long-term perspectives and hampers moral education, complicating intergenerational relations.

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