Tag Archive: newsletter

Consolidation Persists in the FX Market

The US dollar is enjoying a slightly firmer tone against most of the G10 currencies. However, for the most part, ranges tend to be narrow, and the consolidative one seen this week persists. Oil prices have extended their pullback amid reports that Iran and Oman are discussing an “interim framework” to re-open the Strait of …

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Profiting from Government Didn’t Begin with Trump

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.

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Profiting from Government Didn’t Begin with Trump

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.

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With no heirs, Kühne’s Swiss foundation gets $49 billion fortune

Klaus-Michael Kühne’s death signals the end of a swashbuckling dealmaking era for the German tycoon’s empire while transferring his $49 billion fortune to a low-key Swiss foundation. As part of a longstanding succession plan, Kühne’s portfolio spanning shipping, aviation, chemicals and real estate will ultimately be owned by the Kühne Foundation, making it one of …

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Druckenmiller Has A Warning: Don’t Mess With Markets

Famed investor Stanley Druckenmiller published a Wall Street Journal opinion piece (Let The Bond Market Speak) on Monday, in which he warns Treasury Secretary Bessent about long-dated bond buybacks. His core thesis seems to rest on the paradox between Warsh's strong belief in the information value of free markets and the Treasury's actions to intervene …

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Switzerland braces for winter as gas risks mount

Six months into the US-Iran war, Switzerland has avoided fuel shortages but faces sharply higher energy prices and growing concerns over winter gas supplies amid low EU storage levels. While the closure of the Strait of Hormuz continues to disrupt global energy markets, Swiss fuel imports remain secure. Attention is now shifting from supply availability …

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Productivity On Gilligan’s Island: Episode 2

Over 7 years ago, we wrote a piece using the 1960s TV sitcom Gilligan's Island to provide a simple example of why productivity is the most important driver of economic growth. In this article, we present the next episode of Gilligan’s Island, describing what happens after the benefits of innovation no longer drive economic growth. …

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Three Reasons why the French Revolution Was So Different from the American Revolution

In America, French-style violence was simply unnecessary for the revolutionaries to win, and we will never know if the Americans might have resorted to greater violence in different circumstances.

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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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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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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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