Independent Institute

Leaving California Sign
Reset Report⬤September 14, 2026

Flawed Research and Real Economic Damage

Examining California’s Proposed Billionaire Wealth Tax
By Kristian Fors
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The Independent Review⬤Fall 2026

The Dangerous Allure of Activist Central Banking

Activist central banking erodes the foundations of monetary governance and exposes central banks to political pressure.
By Radu Simandan, Cristian Valeriu Păun
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Op-Ed⬤September 28, 2026

Will AI Destroy Humanity? There May Be a Bigger Threat

Artificial intelligence gets attention, but population decline and humanity’s destructive impulses may pose greater dangers.
By Richard K. Vedder
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Inequality Illusion
Podcast⬤Sep 15, 2026

The Inequality Crisis Myth Built on Bad Research

New Independent Conversations episode on the data behind California’s proposed billionaire wealth tax.
By Graham H. Walker & Phillip W. Magness
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Op-Ed⬤September 28, 2026

Big Government: Born in Crisis and Built to Last

While crises prompt calls for immediate government action, we should do the exact opposite.
By Abigail R. Hall
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Comparing the data behind today’s most influential claims about income and wealth inequality
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Latest Articles

Sep 30, 2026

The Biggest Contributors to the Growth of the National Debt

Rising healthcare subsidies and interest payments are mounting.
By Craig Eyermann
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Sep 30, 2026

Maintaining Journalistic Integrity Through Mutualization

Lessons from history on how journalists can stay independent.
By Robert E. Wright
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Sep 30, 2026

Trump Wants to Treat the U.S. Like Iran

If we want cheaper diesel, then we need to be producing more diesel. Everything else is just theater.
By Phillip W. Magness, David J. Hebert
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Sep 29, 2026

Trump Must Own the Cause of High Fuel Prices

Shifting blame to Ukraine ignores the real driver of soaring global energy costs: the conflict with Iran.
By Ivan Eland
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Sep 29, 2026

What's Really Causing Inflation?

The guilty parties, more often than not, are the central banks.
By Alvaro Vargas Llosa
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Sep 28, 2026

Will AI Destroy Humanity? There May Be a Bigger Threat

Artificial intelligence gets attention, but population decline and humanity’s destructive impulses may pose greater dangers.
By Richard K. Vedder
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The Future of the Right: Conservatism at a Crossroads on Both Sides of the Atlantic

Phillip W. Magness
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California’s Proposed Wealth Tax – Public Panel and Reception

Kristian Fors, Joshua Rauh, Phillip W. Magness
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New York City at 250: From Liberty to Mamdani

William J. Watkins, Jr., Michael J. Douma, Joe Sweeny
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Independent Conversations
The Inequality Crisis Myth Built on Bad Research

The Inequality Crisis Myth Built on Bad Research

In this episode of Independent Conversations, Graham H. Walker is joined by Phillip W. Magness for a pointed discussion on inequality data, Thomas Piketty’s influential research, and the economic case behind California’s proposed wealth tax.
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Building Home | World Premiere and Panel Discussion

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Beyond Politics (2026 Edition)

The Roots of Government Failure and the Case for Private Action (Fully Revised and Updated)
Randy Simmons, Diana W. Thomas
Publishes: Oct 27, 2026
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A Reader (The Essential Robert Higgs)
Robert Higgs, Christopher Coyne, Rachel L. Coyne
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The Independent Review

The Best of the First 30 Years
Robert Whaples
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Neither Liberty nor Safety

Fear, Ideology, and the Growth of Government (The Essential Robert Higgs)
Robert Higgs
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Anarchy and the Law

The Political Economy of Choice
Edward P. Stringham
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Unsung Heroes of the Market

The 24 Underrated Economists You Need to Know
Robert Whaples, Christopher Coyne, Gregory J. Robson, Diana W. Thomas
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Resurgence of the Warfare State

The Crisis Since 9/11 (The Essential Robert Higgs)
Robert Higgs
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Deleting the State

Requiem for an Illusion
Aeon J. Skoble
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The Independent Guide to the Constitution

Original Intentions, Modern Inventions
William J. Watkins Jr.
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Article
The Dangerous Allure of Activist Central Banking
By Radu Simandan, et al.
Article
Beyond the Mandate
By Emre Kuvvet
Article
Socially Responsible Investing
By Mathieu Gomes, et al.
Article
The Academy
By Daniel J. Smith, et al.
Article
Vicarious Liability and Rothbardian Libertarianism
By Łukasz Dominiak, et al.
Reflections
How to Think About Five Major Political Economy Issues
By Vernon L. Smith
Column
A Swiss-Style Canton System
By David T. Beito
Column
Joel Mokyr
By Peter J. Boettke
Column
ICE
By Abigail R. Hall
Column
Adam Smith and the “ Double Thank- You” Versus the “...
By Michael C. Munger
Column
Political Values and Migrant Self-Selection
By Benjamin Powell
Book Review
New Deal Law and Order
By Kaitlyn Woltz
Book Review
False Dawn
By Chris Vickers
Book Review
Friends Until the End
By Gregory Collins
Book Review
Two Paths to Prosperity
By Brian Marein
Book Review
Violent Saviors
By Abigail R. Hall
Book Review
Robert H. Jackson
By James W. Ely, Jr.
Book Review
Proactivity in Economics
By Christopher J. Boudreaux
Book Review
The Deficit Delusion
By Peter C. Earle
Book Review
Research Handbook on Law and Political Economy (seco...
By Alain Marciano
Book Review
Rationality, Psychology and Capitalism
By Richard B. McKenzie
Book Review
When Everyone Knows That Everyone Knows . . .
By Michael C. Munger
Book Review
The Pursuit of Happiness & Proclaiming Liberty
By Michael C. Munger
Book Review
Speculation Nation
By Caleb Petitt
Book Review
Higher Education in America
By Jenna A. Robinson
Book Review
How Progress Ends
By Gregory J. Robson
Book Review
The Young Fed
By Mary Tone Rodgers
Book Review
Reimagining Social Security
By Richard M. Salsman
Book Review
Tyrants and Rogues
By Timothy M. Sandefur
Book Review
Liberty and the History of Economic Ideas
By Robert M. Whaples
Book Review
The American Revolution in American History
By Robert M. Whaples
Book Review
Moral Economics
By Robert M. Whaples
Book Review
On the Minting of Money
By Leonidas Zelmanovitz
Symposium on Should We Worry That Fertility Rates Have Fallen?
Introduction
By Robert M. Whaples
Symposium on Should We Worry That Fertility Rates Have Fallen?
Declining Birth Rates and Aging Populations
By Veronique de Rugy
Symposium on Should We Worry That Fertility Rates Have Fallen?
The Population Implosion and Spontaneous Order
By Peter Jacobsen
Symposium on Should We Worry That Fertility Rates Have Fallen?
Moral Sentiments and Moral Teaching
By Susannah Petitt, et al.
Symposium on Should We Worry That Fertility Rates Have Fallen?
Declining Fertility
By Robert M. Whaples
Symposium on Should We Worry That Fertility Rates Have Fallen?
Fertility and Economic Progress
By Randall G. Holcombe
Symposium on Should We Worry That Fertility Rates Have Fallen?
Population Decline and Human Happiness
By Kristian Fors
Article
Making Monetary Policy Sound Again
By Jerry H. Tempelman
Article
Adam Smith’s Exceptions to Natural Liberty
By Hairuo Tan
Reflections
The Importance of Small Enterprise for Limited, Effe...
By Chase C. Englund
Reflections
Higher Education and Local Knowledge
By Jimmy Alfonso Licon
Historical Note
John Maynard Keynes on Malthus and Eugenics
By Phillip W. Magness
Review Essay
Discovering That the Customer Is Always Right
By Rosolino A. Candela
Book Review
The Idea Machine
By John T. Dalton
Book Review
Making Money Work
By Cameron Harwick
Book Review
No Liberty to Libel
By Michael C. Munger
Book Review
Mercantilism: Towards National Economics
By Caleb Petitt
Classic Book Review
The Machinery of Freedom
By David Gordon
Book Review
Why Democracy Needs the Rich
By Richard M. Salsman
Book Review
On Liberalism
By Michael D. Thomas
Book Review
The Licensing Racket
By Edward Timmons
Book Review
The Making of the American Mind
By William J. Watkins, Jr.
Book Review
The Invention of Infinite Growth
By Robert M. Whaples
Book Review
The Living-Green Myth
By Robert M. Whaples
Book Review
Shared Prosperity in a Fractured World
By Robert M. Whaples
Letter from the Editor
Letter from the Editor
By Robert M. Whaples
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Introduction
By Robert M. Whaples
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Wow! What a Book!
By Donald J. Boudreaux
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Minding the Gaps
By Erik W. Matson
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
“Invisible Death”
By Kristen R. Collins
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Adam Smith, Human Worth, and Moral Equality
By James R. Otteson
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Why Lords Went for Luxuries
By Jacob Hall, et al.
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
The Importance of Approbation in The Wealth of Na...
By David M. Levy, et al.
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Prudence, Exchange, and Correspondence in The Wea...
By Douglas J. Den Uyl
Article
Peronism
By Marcos Falcone
Article
The Liberal Mind of Florentino González
By Sebastián Rodriguez Duran
Article
Tocqueville Goes to China
By Hilton L. Root
Reflections
Vietnam’s New Generation and the Demise of Socialism
By Erik Lewis
Book Review
In Covid’s Wake
By Angela Dills
Book Review
Raised to Obey
By David Mitch
Book Review
Rose Lane Says
By Lenore T. Ealy
Book Review
Tolkien, Philosopher of War
By Bradley J. Birzer
Book Review
The Kingdom of God and the Common Good
By James L. Caton
Book Review
The Triumph of Fear
By Christopher J. Coyne
Book Review
The Legacy of Janos Kornai
By Lachezar Grudev
Book Review
Politics Without Politicians
By Brian Kogelmann
Book Review
The Brew Deal
By Robert A. Lawson
Book Review
Understanding Political Economy
By Michael Makovi
Book Review
We Have Never Been Woke
By Michael C. Munger
Book Review
Having It All
By Michael C. Munger
Book Review
Peak Human
By Michael C. Munger
Book Review
The Spirit of Smithian Laws
By Caleb Petitt
Book Review
Inflation and the Family
By Clara Piano
Book Review
How Countries Go Broke
By Richard M. Salsman
Book Review
Crushing Capitalism
By D. Eric Schansberg
Book Review
Mission Economy
By Michael D. Thomas
Book Review
Foucault and Liberal Political Economy
By Diana W. Thomas
Book Review
Power Lines
By Robert M. Whaples
Book Review
Capitalism and the American Revolution
By Robert M. Whaples
Book Review
The History of Money
By Robert M. Whaples
Book Review
Money and the Making of the American Revolution
By Robert E. Wright
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Introduction: Symposium on Charlotte Twight’s Ame...
By Christopher J. Coyne
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
The Road to Fascism
By Randall G. Holcombe
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Twight’s Thesis at Fifty
By Robert M. Whaples
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Charlotte Twight and the Spirit of Fascism
By Alberto Mingardi
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
How Government Intervention Makes Prices and Wages S...
By Patrick Newman
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Populism, the Illusion of Participation, and the Hop...
By Christopher J. Coyne, et al.
Memorial
Alasdair MacIntyre
By Michael C. Munger
Reflections
The Economic Dimension of the Hebrew Bible
By Allen Gindler
Reflections
Taking Liberties with Liberty
By Max Hocutt
Student Essay Contest Winner
Hayek Against Ujamaa
By Brayden Myers
Student Essay Contest Winner
A Cooperative Hospital
By Tz-Shiang Shia
Student Essay Contest Winner
The Federal Technocracy
By Patrick McDonald
Student Essay Contest Runner Up
Praxeology and Time
By Daniel Mayorga Montesdeoca
Review Essay
Monetary Policy as If Inflation Hardly Matters
By Lawrence H. White
Book Review
How to Review Scholarly Books
By Robert M. Whaples
Book Review
The Divine Economy
By J. Robert Subrick
Book Review
Markets with Chinese Characteristics
By Yongjing Zhang
Book Review
Plato Goes to China
By Andre Archie
Book Review
FDR’s Long New Deal
By Art Carden
Book Review
Controlling Contagion
By Raymond J. March
Book Review
Equality
By Adam Gjesdal
Book Review
Ethics, Politics, and Natural Law
By Christopher Tollefsen
Book Review
Inflation
By Thomas L. Hogan
Book Review
Economics as Science
By Gabriel F. Benzecry
Book Review
The Price of the Common Good
By Brian Boyd
Book Review
Title IX and the Protection of Pregnant and Parentin...
By Jessica Carges
Book Review
The Political Economy of War, Peace, and the Militar...
By Christopher J. Coyne
Book Review
Busting the Bankers’ Club
By Peter C. Earle
Book Review
Gems of American History
By Hans Eicholz
Book Review
The War on Words
By Williamson M. Evers
Book Review
Why Fascists Fear Teachers
By Williamson M. Evers
Book Review
Plato: A Civic Life & Plato and the Tyrant
By Morgan Hunter
Book Review
The Social Philosophers
By Jason Jewell
Book Review
From Marx to Markets
By Mario I. Juarez-Garcia
Book Review
The Triumph of Economic Freedom
By Paul Mueller
Book Review
The Man Who Invented Conservatism
By Michael C. Munger
Book Review
Moral Institutions
By Michael C. Munger
Book Review
To Overthrow the World
By Michael C. Munger
Book Review
Your Body, Your Health Care
By Michael C. Munger
Book Review
Liberty and Security in an Anarchical World, Vols. I...
By Edwin van de Haar
Book Review
Progressive Myths
By Robert M. Whaples
Book Review
An Introduction to Natural Disaster Economics
By Robert M. Whaples
Book Review
Atlantic Cataclysm
By Robert E. Wright
Classic Book Review
Trade Policy Disaster
By Jason E. Taylor
Symposium on “The Samaritan’s Dilemma”
The Samaritan’s Dilemma Fifty Years Later
By Christopher J. Coyne, et al.
Symposium on “The Samaritan’s Dilemma”
The Samaritan’s Dilemma
By James M. Buchanan, Jr.
Symposium on “The Samaritan’s Dilemma”
Post-contractual Anarchy and the Samaritan’s Dilemma
By Alain Marciano, et al.
Symposium on “The Samaritan’s Dilemma”
The Fragility of the Free Society
By John Meadowcroft
Symposium on “The Samaritan’s Dilemma”
The Samaritan’s Dilemma in the Caritapolis
By Art Carden
Symposium on “The Samaritan’s Dilemma”
The Samaritan with the Guillotine
By Christopher J. Coyne, et al.
Symposium on “The Samaritan’s Dilemma”
The Starbucks Safety Net
By Brigitta Jones
Article
The Three Sources and Three Component Parts of Wokeness
By Andrei Znamenski
Article
Freedom’s Outpost
By David T. Beito
Reflections
Toward a Libertarian Theory of Human Shields
By Walter E. Block
Book Review
Virginia First: The 1607 Project
By Peter A. Coclanis
Book Review
New Paternalism Meets Older Wisdom
By Jeffrey M. Carroll
Book Review
Christianity and the Nation-State
By Kevin D. Vallier
Book Review
The Truth About Immigration
By Joshua K. Bedi
Book Review
Empire, Incorporated
By Richard N. Langlois
Book Review
Pax Economica
By Douglas A. Irwin
Book Review
John Stuart Mill, Socialist
By Nicholas Capaldi
Book Review
Shock Values
By Robert Hetzel
Book Review
The End of Everything
By Thomas K. Duncan
Book Review
The Political Theory of Liberal Socialism
By Matt Zwolinski
Book Review
The Meese Revolution
By Marcus M. Witcher
Book Review
How Government Built America
By Randy Simmons
Book Review
Nowhere to Live
By Christopher J. Calton
Book Review
The Socialist Calculation Debate
By Anthony Carilli
Book Review
Man-Devil
By Daniel J. D’Amico
Book Review
The Psychology of Totalitarianism
By Lenore T. Ealy
Book Review
The Lost Decade
By Williamson M. Evers
Book Review
Mere Economics
By Peter J. Hill
Book Review
The Technological Republic
By Jonathan Hofer
Book Review
The Privateers
By Neal McCluskey
Book Review
Libertarian Literary and Media Criticism
By Michael C. Munger
Book Review
The Preventive State
By Michael C. Munger
Book Review
Universal Basic Income 
By Michael C. Munger
Book Review
False Dawn
By Caleb Petitt
Book Review
Capital, Interest, and Waiting
By John S. Schuler
Book Review
The First Amendment
By Luke C. Sheahan
Book Review
Moonshots and the New Industrial Policy
By Gordon E. Shockley
Book Review
Growth
By Diana W. Thomas
Book Review
Meaningful Economics
By Michael D. Thomas
Book Review
Digital Currency or Digital Control?
By Craig Warmke
Book Review
Abundance
By Robert M. Whaples
Book Review
The Shortest History of Economics
By Robert M. Whaples
Book Review
After the Spike
By Robert M. Whaples
Book Review
Corruption Under a New Lens
By Michael C. Munger
View All
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Independent Institute in the News

"Lessons for European Drug Policy Reform" Drug War Crimes cited in European Journal on Criminal Policy and Research
September 30, 2026
"Celebrating Dolly Parton Day with some history of the 8-hour workday" Senior Fellow Robert Whaples interviewed on NPR's Marketplace radio
September 30, 2026
"Newsom’s Capitalist Manifesto" Policy Fellow Lloyd Billingsley Op-Ed in The American Spectator
September 30, 2026
"Bruen's Footnote 9 Not a Carve-Out from Text and History" Senior Fellow Stephen Halbrook Op-Ed in Reason
September 30, 2026
"Trump Wants to Treat the U.S. Like Iran" Senior Fellow Phillip W. Magness and David Hebert Op-Ed in Real Clear Markets
September 29, 2026
"What’s really causing inflation?" Senior Fellow Alvaro Vargas Llosa Op-Ed in The Washington Times
September 28, 2026
"Slavery, Capitalism, and the Historical Record" Senior Fellow Phillip W. Magness hosts the Happy Hour Econ podcast
September 28, 2026
"Democrats think they’re voting for Sweden. DSA is offering Venezuela" Senior Fellow Benjamin Powell Op-Ed in the Washington Examiner
September 26, 2026
"Big Government: Born in crisis and built to last" Senior Fellow Abigail R. Hall Op-Ed in The Orange County Register, The San Diego Union-Tribune and 10 affiliated newspapers
September 26, 2026
"Will AI Destroy Humanity?" Senior Fellow Richard Vedder Op-Ed in The American Spectator
September 26, 2026
"In Defense of Risky Decisions" Independent Institute Reset Report "Flawed Research and Real Economic Damage" cited by the Libertas Institute
September 25, 2026
"Gavin Newsom’s Pandemic Regrets Tour" Policy Fellow Lloyd Billingsley Op-Ed in The American Spectator
September 25, 2026
"Proposed wealth tax risks destroying California’s innovation engine" Senior Fellow David R. Henderson and Francois Melese Op-Ed in The Orange County Register
September 23, 2026
"China lags on $17B farm pledge as Xi visit nears tariff deadline" Senior Fellow Phillip W. Magness quoted in The Center Square
September 23, 2026
"Make Congress Great Again" Senior Fellow Ivan Eland Op-Ed in Inside Sources
September 23, 2026
"Deep state dynamics" Policy Fellow Lloyd Billingsley Op-Ed on American Thinker
September 22, 2026
"Government by Consent of the Governed—Later On" Senior Fellow Robert Higgs cited on Mises.org
September 22, 2026
"People Get Paid for Blood, Plasma, and Drug Trials—Why Not Kidneys Too?" Research Fellow Caleb Petitt Op-Ed in Reason
September 21, 2026

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