Tag Archive: newsletter

Top 10 Private Fintech Companies by Valuation as of August 2026

The world’s largest private fintech companies primarily operate in the cryptocurrency and corporate finance sectors, demonstrating venture capital’s perception of these verticals’ high potential for rapid scaling. Both verticals benefit from large transaction volumes and high-value users, enabling faster revenue growth compared to retail models. Furthermore, these categories represent underserved segments where traditional financial institutions...

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The Penal Leviathan: What Wacquant and Rothbard Reveal About Modern Punishment

The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.

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The Misesian, vol. 3, no. 4, 2026

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.

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The Wealth Tax Revival Is Repeating a Failed Experiment

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.

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The Importance of Teleology in Understanding Economic Inequality

As long as the explanation for human behavior seems logical and fits their worldview, people can carry on mistakenly believing that they can identify causal relations from studying group disparities.

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The 250th Anniversary of the Declaration of Independence

As we commemorate the anniversary of the Declaration of Independence, it deserves to be read as its authors intended: as both a universal defense of natural rights and as a formal declaration by 13 free and independent states that they were assuming their place among the nations of the earth.

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From the Editor—July 2026

In this issue of The Misesian, we bring the focus back to the Americans who brought about what Murray Rothbard has called a truly libertarian revolution against the power of states and imperialism.

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None Dare Call It Conspiracy

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."

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From the Editor—July / August 2026

In this issue of The Misesian, we bring the focus back to the Americans who brought about what Murray Rothbard has called a truly libertarian revolution against the power of states and imperialism.

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Why Is the Healthcare System Broken?: Mises Circle in New Hampshire

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?

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A Declaratory Judgment

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.

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Faculty Spotlight—Patrick Newman

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).

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40th Anniversary of Mises University

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.

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What Made the American Revolution Unique?

The Declaration of Independence and the American Revolution it launched were unique because they were focused on decentralization, liberty, and limitations on state power. This movement did not “create a nation.” Rather, it seriously challenged and limited the Hobbesian state.

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Oh, Canada

The breakdown in U.S.-Canada trade talks weighed on the Canadian dollar and drove Canadian interest rates lower. That is hardly surprising. A trade war with an economy roughly 12 times larger is a more significant threat to Canada than to the United States. The asymmetry is economic, even if Ottawa believes it has some political … Continue reading...

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Rothbard vs. the Conservatives on the American and French Revolutions

Contained within Rothbard's multi-volume history of the American Revolution, Conceived in Liberty, is an extended argument against the dominant conservative narrative on the American Revolution and the French Revolution.

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Israel is Funding Ted Cruz’s Super PAC. Is that Legal?

The Israeli government-funded ad revenue appears to operate in a gray area, but it seems Tel Aviv is exploiting loopholes to funnel money to Cruz's political war chest.

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Two Japan Bond Auctions Pose Next Threat to US Treasury Yields

The US and Japanese bond markets have become increasingly intertwined in recent years as investors grapple with rising government debt and greater volatility.

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Is Education a Commodity?



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Inequality in intern pay is distorting the Swiss job market

The disparity in pay and perks offered for company and NGO internships is vast in Switzerland. Some interns receive CHF3,500 ($4,360) per month while others work without salary or allowances at certain NGOs. In an increasingly competitive job market, internships are becoming the norm at entry level, sometimes to the detriment of young people. An …

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