Tag Archive: newsletter

Small Caps Are Quietly Winning While Mega Caps Wobble

2026-07-27

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2026-07-27

Thursday's selloff, led by Alphabet down 7% and Tesla down nearly 15%, was a great example of a story that has been unfolding throughout most of the year. While the largest stocks led the market lower last Thursday, many other stocks, especially small caps, were flat to higher on the day. That divergence has been … Continue...

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Part IV: The Rothbardian Theory of Interventionism, 1955–1956

2026-07-27

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2026-07-27

With advances in the Austrian theory of the business cycle, Rothbard finally completed the monumental task of deducing the entire corpus of economic theory using the praxeological method.

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Swiss National Bank expected to return to profitable ways

2026-07-27

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2026-07-27

The Swiss National Bank (SNB) is set to return to profit in the second quarter, according to economists at UBS. Following a loss of half a billion francs in the first quarter, the central bank is expected to post a profit of between CHF19 billion and 24 billion in the second quarter. The expected recovery … Continue reading...

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Part III: A Böhm-Bawerkian Treatise, 1953–1955

2026-07-27

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2026-07-27

Murray Rothbard’s project drastically changed in mid-1953. Unable to rely on Mises’s sparse treatment of production theory, Rothbard adopted his old Marshallian approach, focusing on an individual firm that faced fixed prices and restricted investment decisions.

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Part II: A Misesian Textbook, 1949–1953

2026-07-27

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2026-07-27

Murray Rothbard’s economic perspective changed significantly in 1949 when he met Ludwig von Mises and read his magnum opus, Human Action.

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Part I: Neoclassical Training, 1945–1949

2026-07-27

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2026-07-27

Murray Rothbard started his career with a foundational training in neoclassical economics.

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The Dupes of War

2026-07-27

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2026-07-27

No matter how legitimate the reasons might seem for going to war, the results are always horrific, and wars rarely, if ever, accomplish their stated purposes.

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Introduction

2026-07-27

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2026-07-27

Murray N . Rothbard: The Making of an Austrian Economist is written for everyone interested in Rothbard’s economic theory and Austrian economics in general.

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Paradise Lost, Government Gained

2026-07-27

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2026-07-27

After defeating the British in the American Revolution, Americans had the opportunity to set the country on a long path of freedom. They chose to empower government, instead.

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Acknowledgements

2026-07-27

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2026-07-27

This book has been several years in the making. Originally we envisioned it as a collection of letters and unpublished monographs from the Rothbard Papers at the Mises Institute.

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Gov. DeSantis Signs Big-Government Bill Attacking Florida’s Gold Industry

2026-07-27

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2026-07-27



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Interrail – opening up a world of possibility for young people

2026-07-26

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2026-07-26

The Interrail pass, which was launched in 1972, allowed young people to travel by train around Europe for one whole month for the price of CHF275 ($339). Summer after summer, it inspired tens of thousands of Swiss youngsters to travel across the continent. For many, this was also their first ever independent trip abroad. Swissinfo …

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Javier Milei expands Argentina’s surveillance state

2026-07-26

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2026-07-26

Like his friend Trump, Milei supports stronger spy agencies, granting them more power to spy domestically and expanding state secrecy.

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Gold, Inflation, and our K-Shaped Economy

2026-07-25

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2026-07-25

In this episode of Radio Rothbard, Ryan sits down with Mark Thornton to talk through the economic trends fueling today's unrest.

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The Causes and Consequences of the French Revolution

2026-07-25

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2026-07-25

The liberal phase of the French Revolution—the part an American would recognize—lasted about six months. Everything after was its opposite. Ryan McMaken on why liberalism keeps getting blamed for a Terror it didn't cause.

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Kryptowährungen: Aktueller Marktbericht zu Bitcoin & Co.

2026-07-25

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2026-07-25

So entwickeln sich Bitcoin, Ripple & Co am Samstagnachmittag am Kryptomarkt. Am Nachmittag verteuert sich der Bitcoin-Kurs um 0,11 Prozent. Damit ist Bitcoin um 17:10 64.161,03 US-Dollar wert, nach 64.092,13 US-Dollar am Vortag.

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The AI Capex Bill Comes Due

2026-07-25

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2026-07-25

🔎 At a Glance 🏛️ Market Brief - Eight Sectors Higher, Index Still Lower The S&P 500 finished the week at 7,411.98, down about 0.6%, as an AI capex scare and an oil shock collided into its second straight weekly decline and the first back-to-back down weeks since March. The headline number hides what actually … Continue reading »

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How Much Inequality Is There? Depends on How It’s Measured

2026-07-25

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2026-07-25

For many years, some economists and politicians have painted income equality as a major threat to our economy and well-being. As usual, they understand neither inequality nor economics.

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Week Ahead: War, Tariffs, and Three G10 Central Bank Meetings

2026-07-25

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2026-07-25

The escalation of the Middle East war sent oil prices sharply higher and pulled interest rates up, too. September WTI rose by more than 10% for a three-week increase of more than 25%. Neither side seems prepared to back down. However, judging by the largest spread this year (~$11) between the September WTI and the …

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Stocks, Manure, Gold, and Socialism: Markets and Bad Ideas

2026-07-25

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2026-07-25

Mark Thornton updates the Stocks versus Manure contest, then explains why gold’s correction may be temporary, and why democratic socialism attracts young voters with failed answers to real problems.

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