Patrick Newman

1.3K posts

Patrick Newman

@DrPatrickNewman

Economist. Professor. Author of Cronyism (2021) and editor of two Murray Rothbard books. https://t.co/InfbmE0KF8.

Tampa, FL Katılım Nisan 2021

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Patrick Newman@DrPatrickNewman·29 Eki

Very happy to announce that Cronyism is on Amazon!! If you want to learn about the history of corruption and the libertarians who tried to reform the system, this book is for you! And it’s only $16 (yes, even in this highly inflationary environment)!! amazon.com/gp/product/161…

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Patrick Newman@DrPatrickNewman·3d

@Jeff_Davis1808 @mises Absolutely! A key component of the Jacksonians’ assault on monopolistic privileges. It’s in Cronyism: Liberty versus Power in Early America, 1607-1849 p.297.

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Jefferson Davis@Jeff_Davis1808·3d

@DrPatrickNewman @mises Yes. You must include the Taney court’s decision in Charles River Bridge v. Warren Bridge (1837)!

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Patrick Newman@DrPatrickNewman·4d

New article of mine on the Jacksonian movement just published @mises. Jacksonian free market reforms led to an Industrial Revolution, and they can do so again. Plus, it includes some information from my forthcoming Cronyism book! mises.org/mises-wire/how…

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Patrick Newman@DrPatrickNewman·13 Mar

Today’s Q4 GDP revision shows that inflationary pressures were a problem before the Iran War. The GDP deflator (overall prices) revised from 3.7% to 3.8%. The rate cuts since fall 2024 were a mistake. Put more money into the economy and has kept inflation above the Fed’s target

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Patrick Newman@DrPatrickNewman·10 Mar

Very excited that in honor of Rothbard’s 100th @mises is publishing Murray N. Rothbard: The Making of an Austrian Economist (coauthored with @jtsale) and hosting its first ever Rothbard University in May. The Year of Rothbard is starting out very strong! mises.org/mises-wire/hel…

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Patrick Newman@DrPatrickNewman·9 Mar

Whose price index is it anyway? The PCE and CPI are very different, with the PCE stubbornly above target ~3%. If we use PCE, the Fed’s preferred index, there has been no soft landing The divergence is housing. The shutdown led to measurement flukes, and housing is bigger in CPI

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Patrick Newman@DrPatrickNewman·24 Şub

We often think of foreign aid as being advocated by benevolent public servants. But quite often the reality is that some government official is looking to steer taxpayer money to themselves or a firm they invest in. In other words, cronyism!

Mises Media@mises_media

Did the Marshall Plan save Europe or enrich crony capitalists? @DrPatrickNewman discusses how corporate welfare, hidden deals, and corruption shaped postwar policy, with effects still felt today.

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Patrick Newman@DrPatrickNewman·20 Şub

Every price index has its biases, but by the Fed’s own preferred index it has made no progress on inflation since September 2024. Inflation is still stubbornly closer to 3% than 2%. Why? Since 8/24 it has cut interest rates and resumed easy money, thereby pumping up spending.

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Patrick Newman@DrPatrickNewman·23 Oca

Very honored to announce that I am now the Murray N. Rothbard Research Fellow @mises! Unquestionably Rothbard is my biggest intellectual influence, and the Mises Institute my intellectual home. Excited for the future—the Rothbard book with @jtsale and Cronyism II coming soon!

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Patrick Newman@DrPatrickNewman·20 Kas

Very excited to announce that next year's Rothbard Graduate Seminar will focus on the Science of Liberty. If advanced discussions in Rothbardian political economy (economics, ethics, political theory, and more) interest you, apply now! June 7-12. mises.org/events/rothbar…

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Patrick Newman@DrPatrickNewman·18 Kas

Thank you! That was one of my goals!

Voluntaryist Minister@GodIsVoluntary

@dylanmallman @DrPatrickNewman (who edited CIL:V) has a book called Cronyism: Liberty versus Power in Early America, 1607–1849 which I consider to be a much easier to read and condensed form of CIL:V with additional later events as well. mises.org/library/book/c…

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Patrick Newman@DrPatrickNewman·13 Kas

Fantastic op ed in the WSJ—cronyism is coming to AI. In the name of the national defense the government will dole out cushy military contracts, loan guarantees and federal land giveaways for chip centers, and carrot and stick incentives to get foreign governments to buy US AI.

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Patrick Newman@DrPatrickNewman·6 Kas

@JaycobYes @elliotismz @Austro_Punk Aside from some lectures on the early Austrians and his booklet Ludwig von Mises: Scholar, Creator, Hero (1988), Rothbard unfortunately did not develop what he wanted to cover in his third volume. No early chapters, no projected outline, etc.

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Jaycob@JaycobYes·4 Kas

@elliotismz @Austro_Punk @DrPatrickNewman would know. I believe Rothbard has lectured on what would have possibly been his 3rd volume.

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Michael J. Hoffman@Austro_Punk·4 Kas

For my money

GIF

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Patrick Newman@DrPatrickNewman·7 Eki

The Fed throws the towel on achieving 2% inflation and settles for a 3% target. Record gold prices are the result.

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Patrick Newman retweetledi

Mises Media@mises_media·2 Eki

The Constitutional Convention was an elite project to centralize power at the expense of the Articles of Confederation. @DrPatrickNewman #MisesU

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Patrick Newman retweetledi

Lydia Mashburn Newman@lydiamnewman·26 Eyl

PCE remains high: Aug yoy up at 2.7%, core holding at 3.0%. Fed hasn't hit its 2% inflation target for +4 yrs, doesn't expect to until 2028--that's 7 yrs of overshooting! Does the Fed have a 3% target it's not telling us? Joined a great panel @SquawkCNBC to discuss.

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Patrick Newman@DrPatrickNewman·25 Eyl

Special privileges for doctors are all too real--they feature prominently in my forthcoming book, Cronyism: Rise of the Corporatist State, 1849-1929!

Mises Media@mises_media

Cronyism, not markets, makes care scarce. @DrPatrickNewman shows how the AMA uses licensing, accreditation, and state power to restrict doctors, raise prices, and protect insiders.

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Patrick Newman retweetledi

Per Bylund@PerBylund·6 Eyl

Read @DrPatrickNewman's review of @GeorgeSelgin's False Dawn: The New Deal and the Promise of Recovery at EH.Net: (2025) eh.net/book_reviews/f…

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Patrick Newman retweetledi

Lydia Mashburn Newman@lydiamnewman·29 Ağu

Is the Fed accepting a 3% inflation target? Great to join @SquawkCNBC to discuss today's PCE data release and the path for Fed rate cuts.

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Patrick Newman@DrPatrickNewman·20 Ağu

@Le_Master It’s currently in the typesetting process. We hope for it to be out in March 2026, Rothbard’s 100th birthday.

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Jake@Le_Master·20 Ağu

@DrPatrickNewman x.com/le_master/stat…

Jake@Le_Master

@DrPatrickNewman @mises This is my annual pestering you about the latest on the publication of the Rothbard MES bio

QME

Patrick Newman@DrPatrickNewman·20 Ağu

Highly recommend Rothbard’s What Has Government Done to Our Money? for anyone who hasn’t read it. It is a true eye opener about the nature of money and the detrimental effects of government intervention. You will never think about money in the same way!!

Yorick de Mombynes@ydemombynes

Foreword by @DrPatrickNewman This book on money will change your life

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Keşfet

@Jeff_Davis1808 @mises @jtsale @JaycobYes @elliotismz @Austro_Punk @SquawkCNBC @GeorgeSelgin