Mises Institute: Recent Episodes
Mises Institute
The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.
Mark Thornton returns to Rothbard’s idea of major party realignment, arguing that ideology—not interest-group politics alone—drives long-term political change. He applies that framework to today’s Republican Party, tracing its roots in crony capitalism, protectionism, prohibitionism, and single-issue coalitions, while arguing that the modern uniparty supports inflation, war, runaway spending, debt, and the erosion of the middle class.On Side B, Mark joins Little by Little to discuss war, business cycles, bond-market distrust, private credit, gold, AI, and the growing divide between official statistics and household reality. He warns that political barriers can delay realignment only so long before pressure builds toward revolution, but closes with optimism: young Americans are increasingly rejecting the parties, the media, and state propaganda—and are more open to Austrian economics than ever.Additional Resources“Major Party Realignment” by Mark Thornton (Minor Issues, Episode 186): https://mises.org/podcasts/minor-issues/major-party-realignment“The Transformation of the American Party System” by Murray N. Rothbard: https://mises.org/mises-daily/transformation-american-party-system“Taking Government Out of Politics: Murray Rothbard on Political and Local Reform during the Progressive Era” by Patrick Newman (Quarterly Journal of Austrian Economics): https://mises.org/quarterly-journal-austrian-economics/taking-government-out-politics-murray-rothbard-political-and-local-reform-during-progressive-era“Murray Rothbard’s Lessons for the Right” by David Brady Jr. (Modern Age Journal): https://modernagejournal.com/murray-rothbard-conservative-libertarian/2547542026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Fauci is back in the limelight after the release of his diary before a Senate hearing last week. And that’s good, because the career of Anthony Fauci can teach us a lot about where power actually resides in America and how our system really works.Read the article here: https://mises.org/mises-wire/what-anthony-fauci-teaches-us-about-american-government2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Much of the discussion around American healthcare ignores the fact that most of the American healthcare system is already a government healthcare system.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On this episode of Power and Market, Ryan, Connor, and Tho discuss the social debate this week focused on Gen Z economic anxiety. How did a discussion over the price of burritos become a mask-off moment over generational contempt, foreign policy, and neoliberal economics?
Dinesh D’Souza—a self-proclaimed opponent of “revisionist history”—reinterprets the Declaration of Independence through anachronism and equivocation, reading modern concepts of nationhood and equality back into 1776.Original article: https://mises.org/mises-wire/declaration-and-dinesh-dsouzas-revisionist-history
Mutual aid societies once were an important part of the US social landscape. Africans can benefit from the same movements—provided their governments get out of the way.Original article: https://mises.org/mises-wire/when-death-cheaper-care-mutual-aid-developing-world
In spite of the GOP’s feigned dismay over Morocco’s weaponization of migrants against Spanish exclaves in North Africa, US policy supports Moroccan expansionism in the region. Original article: https://mises.org/mises-wire/us-supports-mass-migration-moroccans-spanish-territory
Writing in 1991, Rothbard sets the essay in its original context: Bretton Woods as an international dollar standard masquerading as a gold standard. He contrasts it with the classical pre-1914 system, in which every currency was a defined weight of gold redeemable on demand, then recounts how the breakdowns of 1968 and 1971 tested Misesian predictions against an Establishment certain that gold would fall to $6 an ounce.
Rothbard argues that 1931–33 was the last step in a long process rather than a sudden break. Government’s compulsory monopoly of coinage came first, defended by fears of private fraud that the long record of official debasement makes hollow. He answers the Gresham’s Law objection, then traces how the royal stamp shifted emphasis from a coin’s weight to its name.
Rothbard declines both the fashionable dismissal of gold and the restorationist call to return to the pre-1933 standard, which he judges too far decayed to have lasted. He then states his ethical premise plainly: the free market, extended to money itself. Against the claim that money is whatever government says it is, he warns that command of the unit of account is command of the whole society.
Rothbard places the 100 percent program in the classical economists and the currency school, and in the Jeffersonian and Jacksonian political tradition—figures he argues historians have miscast as economically ignorant agrarians. He credits Condy Raguet with seeing before the British that deposits are money substitutes too, and recovers the neglected Charles H. Carroll and Isaiah W. Sylvester.
Leland Yeager, an advocate of freely fluctuating fiat money, concedes that a 100 percent gold standard would end reserve drains, forced contraction, and balance-of-payments anxiety — problems he attributes to fractional reserves rather than to gold. Rothbard quotes him at length, asks why he rejects what he has just praised, and pushes the reductio further: where exactly is the geographical boundary of a money?
The conceptual core of the essay. Rothbard answers the charge that gold advocates want government to fix a price by rejecting its premise—“dollar” was never an independent entity but a name for a weight of gold. He shows how money is properly obtained only through production, and argues that a bare name could never have arisen as money on a free market.
The cardinal difference between Rothbard and most other gold advocates. He rejects the Chicago School’s view of 100 percent reserves as a convenient tool for managing the money supply, grounding his case instead in property rights: notes and deposits are warehouse receipts, and issuing more than the goods on hand is legalized counterfeiting. He answers Spahr’s bridge analogy and weighs the attractions of free banking.
The transition problem. Rothbard weighs forcing deflation down to the existing gold stock against raising the gold price to match the dollar supply, defends deflation against its reputation, and sets out a six-point program. He parts with Mises and Hazlitt on sequencing, and closes by insisting that scholars must argue for what is true rather than for what is currently expedient.
Why governments prefer money creation to taxation: the benefits are plain to whoever receives the new money first, while the losses stay hidden from everyone else. Rothbard traces how the two natural checks on a bank—redemption by outsiders and a run by its own clients—were widened by central banking, by suspensions of specie payment, and by campaigns to shame the public out of using gold day to day.
The standard objections, taken in turn. If banks could not profit under 100 percent reserves, they may charge for their services as every other useful business does. And the fear of an inadequate money supply misses the classical lesson that any change in the quantity of money adjusts itself in purchasing power—leaving population, trade volume, and a stable price level as arbitrary criteria.
Statistics can be interesting and informative, but only if one can properly understand them through sound economic theory.Original article: https://mises.org/mises-wire/inflation-and-statistics-economics-explains-them-not-other-way-around
Last week, more than 50,000 people illegally entered the Spanish exclave city of Ceuta, which normally has a population of only 80,000. Why not just open the border permanently? Original article: https://mises.org/mises-wire/what-would-happen-if-spain-had-open-border-morocco
On the Declaration’s 250th anniversary, Larsen Plyler asks what the document was actually written to do. Taking Justice Clarence Thomas’s recent claim that it ranks among the West’s great anti-slavery documents as his starting point, Plyler argues that the Declaration’s legacy has been shaped less by Jefferson than by Lincoln and Martin Luther King Jr., who read a later conception of equality and a single unified nation back into it. Returning the text to its context—grievances aimed at the king alone, a closing paragraph declaring thirteen free and independent states—he makes the case for the legacy that got lost.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Egalitarians assume people would be equal but for oppression or the random hand of luck, and that where injustice can’t be shown, luck alone justifies equalizing by force. Joshua Mawhorter turns the presupposition around. Drawing on Rothbard’s Egalitarianism: A Revolt Against Nature and Sowell’s Discrimination and Disparities, he argues that inequality is the normal condition of a world of scarcity, change, time, and choice; that it is precisely what makes exchange possible; and that the only equality worth defending is equality of liberty under the rule of law.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Is neoliberalism a real intellectual tradition or just an insult? Tho Bishop argues it is real and precise: a program for a regulated market economy running on technocratically managed, socialized money. He traces it from Henry Simons’s 1934 “A Positive Program for Laissez-Faire” into the Mont Pelerin Society—where Mises watched enthusiasm for antitrust and credit expansion take root, and where the vacuum left by Hayek was filled by Chicago rather than by libertarians—and forward through Friedman’s career to Greenspan and Bernanke. The Rothbardians, he concludes, have been the only sustained non-socialist opposition.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Plenty of people say they like Ron Paul on the economy but part ways with him on war. Connor O’Keeffe argues that’s not a coherent place to stand. The warfare state—roughly $900 billion a year for the Pentagon alone, plus the intelligence agencies and veterans’ programs—is only fundable because of the two things most libertarians most want gone: the income tax and the Federal Reserve. Strip those away and the empire collapses on the spot. And the causation runs the other way too: war is the health of the state, the coercive tools built for use abroad boomerang home, and the whole imperial project is quietly hollowing out the property rights and sound money that made the country wealthy enough to afford it. Pro-market and anti-war, he argues, is the only consistent position.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
On the 250th anniversary of the American Revolution, the French Revolution is being re-litigated again—the left holding it up as necessary progress, conservatives citing Burke to argue it proves free-market ideas end in blood. Ryan McMaken, drawing on Rothbard and Ralph Raico, rejects both. Liberalism’s role, he argues, was small and confined to the revolution’s first months; what followed owed nothing to Jefferson and everything to three forces—the extreme centralization of the French state, twenty-five years of war, and a revolutionary regime that simply replaced the old bureaucracy with a harsher one while keeping every lever of power intact. The real mirror of the American Revolution wasn’t the revolution at all, but the decentralist, secessionist peasants of the Vendée it crushed.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Mark Thornton opens this triple-header episode with a live Radio Rothbard appearance from Mises University, joining Ryan McMaken to discuss inflation, the K-shaped economy, asset prices, debt, the dollar, and why Austrian theory explains what mainstream accounts leave out. Thornton argues that monetary inflation benefits asset owners and government-connected interests first, while working households face higher prices long before wages catch up.On Side B, Mark joins Freedom Works interview on democratic socialism, where he explains why young Americans are drawn to socialism, how government intervention created many of their grievances, and why free markets remain the real path forward. The episode closes with Wall Street Bullion to discuss gold, silver, energy, debt service, the weakening dollar, BRICS, the petrodollar, and the economic fallout from war in the Persian Gulf.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Reviewing Lawrence H. White’s Free Banking in Britain, Murray Rothbard dismantles the claim that Scotland enjoyed a century of successful free banking before the Peel Act of 1845. Drawing on Sydney Checkland’s history, he shows that the Scottish banks pyramided credit on the Bank of England rather than standing on their own specie, suspended payment alongside England from 1797 to 1821, and let reserves fall from 10–20 percent to as little as 1 percent, while depositors who asked for gold met argument, rebuff, and the threat of losing future credit. The rarity of bank failure that White counts as proof of success, Rothbard argues, is evidence of the opposite.
Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.Original article: https://mises.org/mises-wire/i-spent-28-years-arresting-criminals-rothbard-was-right-all-along
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.Original article: https://mises.org/mises-wire/dupes-war
Murray Rothbard started his career with a foundational training in neoclassical economics. At Columbia University, he learned from highly regarded professors and demonstrated a thorough understanding of the positivist method, Keynesian and Marshallian economic theory, and institutional empirical analysis. Crucially, Rothbard perceived the fact that critical errors existed in these disparate strands of knowledge, although he could not yet articulate them. But the recognition itself motivated him to take the highly important step of contacting the free-market Foundation for Economic Education and the William Volker Fund, thereby discovering Austrian economics.
Murray N . Rothbard: The Making of an Austrian Economist is written for everyone interested in Rothbard’s economic theory and Austrian economics in general. We hope it will serve as a useful complementary volume to Man, Economy, and State by elucidating Rothbard’s many contributions and the process by which he developed an integrated structure of economic theory using the praxeological method.
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. But he soon recognized the pitfalls of Marshallian partial equilibrium and discarded it for Austrian general equilibrium, emphasizing the Böhm-Bawerkian capitalist-entrepreneur’s ability to invest in multiple firms across the structure of production and influence market prices. In doing so, Rothbard finished the Böhm-Baverkian system by integrating the pure time preference theory of interest of Frank A. Fetter and Ludwig von Mises into the production structure analysis of Knut Wicksell and F. A. Hayek. This interrelatedness approach led Rothbard to differentiate between factor incomes, apply Mises’s theory of the impossibility of socialist economic calculation to a vertically integrated firm, and expose the flaws of neoclassical monopoly and competition theory. With these theoretical breakthroughs, by 1955 Rothbard moved beyond his initial goal of “bringing to the surface and clarifying” his mentor’s “edifice” to deducing the architectonic edifice of praxeological economic theory along the lines of Mises’s “great book” suggestion.
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. It was only in 2020 that we realized that a coherent narrative was needed to organize and bring to life the mass of correspondence and other writings. Over the next several years we wrote the manuscript and revised it as suggestions were made and new archival material was discovered.
Murray Rothbard’s economic perspective changed significantly in 1949 when he met Ludwig von Mises and read his magnum opus, Human Action. With the financial support of the Volker Fund, Rothbard accepted Mises’s offer to write a textbook rendition of his treatise. Early on, Rothbard evinced a thorough understanding of Mises’s monetary transmission mechanism and praxeological method. This allowed him to further develop the theories of value and price formation the emerging neoclassical synthesis had neglected. In particular, Rothbard used the means-ends relationship to deduce the law of ordinal marginal utility rankings and contrasted it with modern theories of utility. He then showed how this law logically resulted in demand schedules that always sloped downward, which in turn led to a theory of pricing that explained the process of equilibration to the market clearing price. Finally, he extended his analysis to price formation in a monetary economy. In addition to exhibiting his own intellectual progress, Rothbard’s developments significantly advanced economic science because Mises assumed these logical deductions but never actually derived them.
The completion of the first draft of Man, Economy, and State enabled Murray Rothbard to move on to other activities and projects. He earned his doctorate in 1956 and reviewed papers and books for the Volker Fund, evaluating contemporary research using the body of economic theorems he had deduced. Focusing on the Chicago School, Rothbard criticized Israel Kirzner’s attempt to fuse Austrian insights with neo-Marshallian production theory as well as Milton Friedman and others’ neo-Fisherian monetary economics. Rothbard not only criticized new publications; he also continued to edit his treatise, adding new references and making other changes. In 1962, despite professional and institutional obstacles, Man, Economy, and State was finally published. With it, Rothbard greatly advanced the Austrian tradition and firmly positioned himself as Mises’s heir.
Murray Rothbard used his general-equilibrium approach with its emphasis on economic interrelations to erect a systematic framework of interventionism. He started by elaborating further on the concept of the purely free market and developing a comprehensive welfare theory. He then proceeded to create a typology of government policy, formulate a novel theory of monopoly that distinguishes between a monopoly price and a free-market price, develop an original theory of backward tax imputation, and analyze the calculational chaos caused by government expenditure. The capstone of Rothbard’s analysis of interventionism was his integration of the Mises–Hayek theory of the business cycle into general economic theory. Rothbard was thus able to demonstrate how the boom could result only from credit expansion and not from an increase in the supply of commodity money such as gold. He also demonstrated how credit contraction during the bust promotes recovery. With these 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.
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.Original article: https://mises.org/mises-wire/paradise-lost-government-gained
In attempts to rectify what are seen as historical wrongs against certain groups of people, western governments have embarked on programs to engage in wrongs against other groups of people. The universal principles of liberalism are supplanted by policies sure to make matters worse.Original article: https://mises.org/mises-wire/universal-principles-liberalism-and-politics-race
The democratization of urban planning, the politicization of the environmental movement, and the no-growth movement came together to erect enormous barriers to housing construction in California.Original article: https://mises.org/misesian/how-democratic-socialism-created-californias-housing-crisis
The up and down experience with free markets in Eastern Europe following the fall of the Iron Curtain shows that free markets, while undermining the state, do not operate apart from state interference.Original article: https://mises.org/mises-wire/domestic-agorism-eastern-europes-example-libertarianism-without-academic-guidance
Patrick Newman presents the book he and Joseph Salerno have written, Murray N. Rothbard: The Making of an Austrian Economist. He traces Rothbard’s path from a Columbia PhD steeped in the neoclassical synthesis, through his 1949 encounter with Mises and Human Action, to the writing of Man, Economy, and State—a project that began as a beginner’s textbook and grew into the treatise that stands beside Human Action at the core of the Austrian tradition. Along the way: Rothbard’s neglected theory of production, his reconstruction of welfare economics, and Mises’s own remarkable assessment of his heir.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
P 500 year to date. He then joins Maggie Lake on Wealthion to discuss gold, silver, mining stocks, Kevin Warsh, Fed policy, interest rates, the dollar, and why the long-term thesis for precious metals rests on debt, deficits, monetary inflation, and financial repression.On Side B, Thornton appears on NTD to discuss the rising appeal of democratic socialism among younger Americans. He argues that young voters are reacting to real burdens—debt, unaffordable education, healthcare, housing, and Social Security promises—but are being drawn toward policies that cannot solve them. Mark also explains why socialism fails in theory and practice, from the calculation problem to incentives, and why education is essential to reversing the trend.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The Policy and History faculty panel takes student questions on the state of the movement and the prospects for freedom. Along the way the panelists remember Roger Garrison, the Auburn economist who drew several of them into Austrian economics and who passed away this past year; work through the newest ideas in the field; debate whether utilitarian or moral arguments win more converts; trace which pre-Austrian thinkers shaped the American founders; and close on the question that matters most to a room full of students — where, realistically, does hope for a freer society come from?
differs from praxeological causation, whether transaction-cost economics fits an Austrian framework), then turn personal: the moment each of them discovered there was a way to do economics connected to the real world.
Mark Thornton turns Austrian analysis on economic inequality itself—not whether the pie is growing, but how government intervention re-slices it. Drawing on Rothbard’s distinction between specific and general factors of production, he shows the mechanism: any protection, license, tariff, or subsidy enriches the insiders of the favored industry while forcing the displaced resources out into the unprotected economy, where they compete down everyone else’s wages and returns. He works the logic through healthcare, and frames the whole thing around the rise of democratic socialism in America’s cities—arguing the young are right to be angry about the debt, Social Security, and unaffordable healthcare their elders voted in, even as the socialist cure would deepen the disease.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
There is no separate “economics of AI,” Peter Klein argues, any more than there was an economics of the internet—there’s just economics, applied to specific goods and services. He demystifies what today’s models actually do (predict the next word), places them in a long history of “new economy” hype that never required new economic theory, and works through the industry with standard tools: subjective value, the theory of the firm, network effects, and the incumbents’ lobbying for regulation to raise rivals’ costs. He closes on the deeper question—whether an AI can act in Mises’s sense—and argues it cannot: an AI exercises what he calls derived judgment, executing tasks on an entrepreneur’s behalf, but it can never decide whether to be an entrepreneur at all.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Record-breaking skyscrapers have a habit of opening just as the economy turns—a pattern Mark Thornton connected to Austrian business cycle theory in his work on the skyscraper curse. Lucas Engelhardt, Thornton’s coauthor on the 2015 response to the curse’s critics, explains the mechanism: artificially low interest rates raise land prices, and bid-rent theory shows why the effect concentrates downtown, precisely where towers get built. Add larger firms and cheap research and development to solve the engineering, and the record tower and the cyclical peak arrive together. He then works through the critics’ statistical case and shows that their own results—including their finding that height and output move together—point the same way.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Everyone agrees higher education is in crisis—tuition rising ten times faster than the price level, administrative bloat, a looming demographic cliff, collapsing public confidence. Peter Klein argues these are symptoms, not the disease. Answering the claim that education is a special good beyond ordinary economic analysis, he shows that what markets actually deliver are discrete units of educational goods and services, and that standard Austrian analysis applies as readily here as to shoes. The structural problem is that there is no free market to speak of: state entities own most institutions, even elite privates draw nearly half their revenue from government, and a handful of federally licensed accreditors control entry. Following Rothbard, Klein’s answer is the separation of education and state—with the Mises Institute itself as a working example.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
What can economics actually teach you about running a business? From the mainstream, Per Bylund argues, very little—its models have no room for the entrepreneur at all. Austrian economics is a different matter. Working from Menger forward, Bylund lays out the sequence every business faces: costs come first and certain, value comes last and unknown. From that he draws the practical implications—why cost-plus pricing is a recipe for failure, why no producer has “pricing power” even as a monopolist, why the firm is best understood as a temporary island of specialization, and why the entrepreneur’s only real question is how best to serve the consumer.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Money is never neutral. Jeffrey Degner works line by line through the passage of Cantillon’s Essay that made the case nearly three centuries ago—showing how new money enters the economy unevenly, enriching those who receive it first and squeezing everyone who receives it last. Cantillon named the losers precisely: those on fixed wages, and property owners locked into leases as their costs rise. Degner then brings the analysis forward, connecting it to the several distinct patterns now described as the “K-shaped economy”—divergence between sectors, between the consumption of high- and low-income households, and between a soaring stock market and consumer sentiment that has fallen below its COVID lows.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Austrian economics did not begin in 1871. Mark Thornton traces its lineage back through the thinkers the mainstream dismisses: the Spanish Scholastics, who worked out subjective value and the effects of inflation while dismantling the case against usury; the anti-mercantilists who told Louis XIV to abolish his taxes; the Physiocrats; and above all Richard Cantillon, whom Rothbard called the father of modern economics. Drawing on twenty-five years of his own research, Thornton makes the case for why the history of economic thought is not antiquarianism but a laboratory—and notes that the good ideas tend to appear precisely when the state grows tyrannical, overtaxes, and overspends.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Modern Monetary Theory’s central claim is that a government with a printing press is never budget constrained — so the only real limit on spending is inflation, not debt. Jonathan Newman takes MMT on in its own words, working through clips of MMT proponents making their case before responding. He shows why “their deficit is your surplus” collapses once you ask how debt service is financed, why the WWII economy MMT holds up as a model was a depression for private citizens once government spending is stripped from GDP, and—drawing on his chapter in a forthcoming Mises Institute book—why the archaeological record of ancient Mesopotamia flatly contradicts MMT’s account of where money came from.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Game theory has Austrian roots—Oskar Morgenstern was Mises’s doctoral student—but the way it’s taught leads almost everywhere to the same conclusion: individuals left alone reach bad outcomes, so the state must intervene. Lucas Engelhardt argues the reasoning has a hole in it. Standard analysis treats the game as fixed, when real people are entrepreneurial: alert to opportunity, able to see a bad equilibrium coming and restructure the payoffs before it arrives. Working through the tragedy of the commons, public goods, tariffs, and Huerta de Soto’s account of why bankers lobbied for a central bank, he offers a better question—not what should government impose, but how will entrepreneurs change the game, and if they haven’t, what’s stopping them?Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
The anti-slavery disunionists and the abolitionists were some of the most critical of slavery and the most serious about ending it. For them, decentralization and secession were potential solutions not problems in ending slavery.Original article: https://mises.org/mises-wire/anti-slavery-advocates-disunion
Many progressives believe that certain kind of speech, or what they call “hate speech,” should be subject to criminal penalties, including imprisonment. Murray Rothbard understood that such laws would destroy our very freedoms.Original article: https://mises.org/mises-wire/when-hate-speech-defined-crime
Paul Cwik and Shawn Ritenour trace what happened to the Austrian school after Menger, Böhm-Bawerk, and Wieser—as it spread beyond Vienna and produced a generation of thinkers most students never encounter. Philip Wicksteed, the Unitarian minister who dispensed with the supply curve; William Smart, who gave English readers Böhm-Bawerk; Herbert Davenport and Frank Fetter, the core of the American school; and Richard von Strigl, the last Austrian in Vienna. Then the harder question: why that flourishing stalled, and what it took to revive it.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Norway sits on large oil deposits, yet has managed to avoid the “resource curse” that has bedeviled so many nations that have abundant natural resources, but severely mismanage their economies.Original article: https://mises.org/mises-wire/how-norway-built-worlds-largest-fund-and-thriving-economy-boot
While the democratic socialists are claiming to just want a society like they have in Denmark, their real aims are the seizure of all or most private property and especially private capital.Original article: https://mises.org/mises-wire/yes-democratic-socialists-want-soviet-style-control-capital
Drawing on his new book Cronyism: Rise of the Corporate Estate, 1849–1929, Patrick Newman makes the case that the Federal Reserve is the signature example of policy that serves a special interest at the public's expense. He first dismantles the standard justification — modern research finds the pre-Fed panics were less severe than advertised, and the real problems traced to regulations like the branch-banking ban. He then follows the money: Wall Street's declining market share, its campaign for a New York–controlled central bank, the Jekyll Island meeting, and what followed — a rising share of bank reserves, the dollar's ascent over the pound, and a credit expansion that ended in 1929.
of debt, short-termism, and Cantillon-effect inequality, then extends the analysis to fiscal and regulatory intervention. His conclusion: all intervention is family intervention, and civil society cannot be restored by the state that eroded it.
Tate Fegley surveys the big ideas of public choice—politics analyzed with the tools of economics—and shows where an Austrian approach sharpens them. Rational ignorance, concentrated benefits and dispersed costs, rent-seeking, the transitional gains trap, budget-maximizing bureaucracies, and the logic of collective action each get a turn, illustrated with sugar tariffs, million-dollar taxi medallions, and Sowell's Benedict Arnold thought experiment. Fegley's throughline: public choice is strongest when it drops the neoclassical assumptions of perfect knowledge and static equilibrium and grounds itself in Austrian subjectivism.
What makes a society prosper? Shawn Ritenour lays out the Austrian theory of economic progress, and its quarrel with mainstream growth theory. There is no single cause of prosperity, he argues—four “vehicles” drive it: the division of labor, capital accumulation, technological advance, and entrepreneurship. Conventional models can analyze each in isolation but miss the harder task of synthesis: how they must work together. And they leave out the one factor that coordinates the rest—the entrepreneur, the driving force who directs capital, labor, and technology toward what people actually want.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Wanjiru Njoya applies praxeology to debates about race and discrimination. She starts with Mises on polylogism—the doctrine, shared by Marxists and Nazis alike, that logic itself varies by class or race—and his insistence that reason is common to all human beings. From there she turns to causation: drawing on Nozick, Walter Williams, and Thomas Sowell, she argues that research claiming discrimination causes economic inequality establishes correlation at best, and that unequal outcomes call for no special explanation in the first place.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Alvin Roth won a Nobel Prize for designing workarounds to markets society finds morally repugnant. Sandy Klein argues the workarounds aren’t needed. Taking Roth’s objections in turn—that such markets are too thin, that participants won’t reveal their preferences, that the offense others feel is a negative externality—she shows each dissolves under Austrian analysis: repugnance is simply a subjective preference, already priced into how people act, and not a market failure at all. She then applies the point to transplantable organs, where a 1984 ban on sales functions as a price ceiling of zero and the resulting shortage is counted in lives.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Will Gen Z ever be able to buy a house? Timothy Terrell starts by clearing away the popular explanations—institutional investors buy under two percent of homes, the median first-time buyer is still 33, and a 1950s house was half the size, often without indoor plumbing. Then he turns to the causes that hold up: Federal Reserve inflation inflating home prices while first-time buyers sit on cash, zoning rules that let existing owners vote down new supply, and Dodd-Frank regulations that killed off the small mortgages starter homes depend on.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Contemporary culture, with its fixation on careers, tends to downgrade the career of motherhood.Original article: https://mises.org/mises-wire/you-know-how-happens-right
Economists have agreed on free trade for two centuries; the public and the politicians haven’t caught up. Lucas Engelhardt rebuilds the case from scratch—mutual benefit, comparative advantage, and the simple point that drawing a border between two traders destroys none of the gains—then takes apart the arguments for tariffs one by one. Most timely is his treatment of trade deficits: following Mises, he shows a deficit isn’t a “loss” but the natural result of Americans choosing goods over cash, and explains why “Liberation Day” tariffs actually made the deficit spike.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
With New York reviving a citywide rent freeze, Joseph Salerno returns to the economics of price controls. Following Mises and Rothbard, he shows how a single cap—on milk, say—triggers shortages that pull in control after control until the state is planning everything. He tells the story of postwar Germany, starving under price controls until Ludwig Erhard abolished them in a stroke, and then traces the surprising long-run damage of rent control: not just housing shortages, but frozen mobility, decaying buildings, black markets, and even more discrimination.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Do free markets naturally tend toward monopoly, requiring antitrust to keep them honest? Tate Fegley makes the Austrian case that the whole framework is backwards. The neoclassical ideal of “perfect competition” defines away real competition—advertising, undercutting, innovating—and treats it as evidence of monopoly. Following Rothbard, Fegley argues the only coherent monopoly is one granted by the state, and works through the antitrust consequences, from Lina Khan’s case against Amazon to the courts punishing Alcoa for serving customers too well.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Patrick Newman lays out the Austrian theory of the business cycle—one of the school’s signature contributions. He first shows how genuine savings drives sustainable growth by lengthening the structure of production, then explains how central-bank credit expansion counterfeits that process: pushing interest rates below their natural level sends a false signal, luring entrepreneurs into long-term investments that real resources can’t sustain. The result is a boom that must end in either a cleansing bust or runaway inflation—and, Dr. Newman argues, a modern policy of propping up the malinvestment that has defined the era since 2008.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Is capital a uniform “pool” that can be reshaped into anything, or a delicate, time-structured web of complementary pieces? Paul Cwik traces the question from Menger and Böhm-Bawerk through the great debates with J.B. Clark and Frank Knight, and shows why the answer matters enormously. Because capital is heterogeneous, a fall in consumption need not mean recession—it can mean the economy is lengthening its structure of production to build future growth, a shift the mainstream, assuming capital is homogeneous, simply cannot see.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Timothy Terrell revisits Mises’s 1920 bombshell: under socialism, rational economic calculation isn’t just hard—it’s impossible. Without market prices for the means of production, a central planner is blind, unable to tell whether he’s creating wealth or destroying it. Terrell traces the argument from Soviet railroads and steel-bodied fighter jets to a strikingly modern target: the U.S. government’s central planning of the American West.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Jeffrey Herbener builds the Austrian theory of interest from the ground up. Interest, he argues, isn’t the productivity of capital or a mere cost of borrowing—it’s the “originary” premium that arises because human beings are temporal and prefer the same satisfaction sooner rather than later. From time preference he derives the pure rate of interest, shows why a single rate integrates the entire economy from credit cards to capital investment, and explains why productivity discounts back through the rate rather than setting it.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.Original article: https://mises.org/mises-wire/spoiled-sons-liberty-surveillance-leviathan-americas-six-republics-and-myth-eternal-union
While many immigrants bring entrepreneurial skills, they often settle in US cities governed by leftists who are hostile to private enterprise.Original article: https://mises.org/mises-wire/sanctuary-cities-leave-your-ambition-and-entrepreneurial-skills-border
The US government continues to drag down the economy with its reckless wars and massive debt accumulation. On the other side of the globe, China is pursuing a different path.Original article: https://mises.org/mises-wire/quiet-rise-chinese-innovation
Why did so many American colonials take arms against the ruling British, even when the odds were stacked against them? Dr. Wanjiru Njoya looks into the competing ideological claims that go with analyzing the American Revolution.Original article: https://mises.org/mises-wire/ideology-behind-american-revolution
The growing power of the centralized state loomed as the central problem for liberalism in the early nineteenth century, and the works of these three writers are a response to it.Original article: https://mises.org/mises-wire/constant-tocqueville-and-acton-enlightenment-liberalism-and-religion
Why teach entrepreneurship on the first day of Mises University? Because for the Austrians, Peter Klein argues, entrepreneurs aren’t niche figures from the world of startups and venture capital—they’re the driving force of the entire market. Following Mises, Klein defines entrepreneurship as the bearing of uncertainty: the act of combining land, labor, and capital in advance of an unknown payoff. It’s not a personality trait or an industry, but a fundamental category of human action.Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Why is a lecture on banking scheduled for the very first day of Mises University? Because, Jonathan Newman argues, banking is where money gets strange. Following Rothbard's Mystery of Banking, he separates the two things a bank can do—safekeeping your deposits and lending out savings—and shows that neither one expands the money supply. The trouble begins when a bank promises your deposit is available on demand while quietly lending most of it away.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Where does money come from? Sandy Klein walks through the Mengerian answer: not from a king’s decree or a social contract, but spontaneously, as traders gravitated to the most saleable good until one commodity became universally accepted. Along the way she shows why barter can’t sustain a real economy, why gold and silver kept winning out, and why—following Rothbard—there’s no such thing as an “optimal” money supply.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Is a market economy a war of all against all, or the very thing that makes peace possible? Shawn Ritenour makes the Misesian case for the latter. Building from specialization and the law of comparative advantage—why even a person outdone at everything still has a place—he shows how the division of labor turns our inequalities into the glue of society, and why the only way to profit in a market is to serve someone else first.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Jeffrey Herbener builds Austrian price theory from the ground up—starting with the single acting person weighing ends against means, and arriving at Mises’s calculation argument. Value is purely subjective, he shows, so no producer can gauge whether he’s serving consumers well by feeling alone. What makes economizing across a division of labor possible is money prices—and the profit-and-loss accounting they enable.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
David Gordon lays out praxeology—the science of human action—and the deductive method that sets Austrian economics apart. With characteristic wit, he distinguishes valid arguments from sound ones, weighs Rothbard’s “it’s just self-evident” grounding of the action axiom against Mises’s a priori approach, and shows why economic truths deduced by pure logic can still be genuinely surprising.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
In the opening lecture of Mises University, Joseph Salerno returns to 1871, when Carl Menger’s Principles of Economics launched the Austrian school. Salerno shows how Menger’s law of marginal utility solved the ancient “paradox of value”—why life-giving water is cheap and useless diamonds dear—and, in doing so, moved economics away from the classical focus on the businessman and cost, and toward the acting, wanting human being.Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Opening the 40th Mises University, Professor Hülsmann tells how the Austrian school came back from near-extinction—and why Mises U was central to its revival. Drawing on his own front-row experience, he traces the network of scholars who trained in Auburn and then carried Austrian economics across Europe, from Madrid to Prague to Vilnius.Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2025. Sponsored by Olivier Pinson. Includes a welcome and introduction by Joseph T. Salerno.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream
Mark Thornton looks at the growing strength of democratic socialism inside the Democratic Party and asks whether the United States may be entering another era of major party realignment. Drawing on Rothbard’s analysis of long-term ideological change, Mark explains how younger voters, burdened by debt, unaffordable housing, healthcare, and education, are understandably angry—but are turning toward policies that helped create the crisis. Mark also examines how war, inflation, government intervention, and broken political promises are reshaping both major parties.On Side B, Thornton joins the Liberty and Finance podcast to discuss monetary disorder, central bank digital currencies, programmable money, AI-driven surveillance, the war on cash, and the need for education and resistance against the next monetary reset.Additional Resources“Keith Knight’s Top Ten Problems with Democratic Socialism” (Human Action Podcast) with Bob Murphy: https://mises.org/MI_186_A“How Democratic Socialists of America Has Developed Into a Movement Party“ by David Duhalde: https://mises.org/MI_186_B“The Myth of Democratic Socialism” by Murray Rothbard: https://mises.org/MI_186_C“How Democratic Socialism Created California’s Housing Crisis” by Chris Calton: https://mises.org/MI_186_D“Democratic Socialism IS Totalitarianism” by Bill Anderson: https://mises.org/MI_186_E“How to Fix the Economics of Healthcare” by Bob Murphy: https://mises.org/MI_186_F2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Democratic socialists insist the horrors of the twentieth century were a betrayal of their ideal—that their version would be staffed by good people, to good ends. In this 1977 essay, Murray Rothbard argues the brutality is inherent in the system, not the personnel, which makes “humanistic” or “democratic” socialism a contradiction in terms.Originally published in the Libertarian Review.
While people claim they want the “virtuous” state with citizens to match, what we really get is realpolitik, whether we want it or not.Original article: https://mises.org/mises-wire/evolution-politics-civic-virtue-realpolitik
While we speak highly of “rule of law” and the “limited state,” the unfortunate truth is that the modern state is a law unto itself. Original article: https://mises.org/mises-wire/predatory-logic-state
Murray Rothbard saw government as a predatory, criminal entity and the Microsoft lawsuit of 1998 proved to be a classic example of government organized crime in action.Original article: https://mises.org/mises-wire/rothbards-definition-government-organized-crime-microsoft-antitrust-case
To deny local self-determination to the Catholic Vendean rebels was to support the imperialist impulse, just as the opponents of the American revolutionaries embraced imperialism over freedom. Original article: https://mises.org/mises-wire/vendee-french-war-national-liberation
World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.Original article: https://mises.org/mises-wire/fifa-world-cup-price-controls-ticket-prices
The standard narrative is that policing and imprisonment are necessary tools to keep the public safe from criminals. But it also would seem that these things are useful tools for a state that wishes to dominate its citizens.Original article: https://mises.org/mises-wire/foucault-panopticism-and-carceral-society-rise-surveillance-state
America’s elderly political class is only the most visible symptom. The deeper problem is a government built to transfer wealth from younger Americans to a caste of older, wealthier generations.Original article: https://mises.org/mises-wire/americas-gerontocracy-goes-deeper-aging-politicians
If avoiding a repeat of the excesses of the French revolution is an important goal, we need a thorough understanding of its causes. Edmund Burke and his conservative followers don’t offer this. Original article: https://mises.org/mises-wire/what-conservatives-get-wrong-about-french-revolution
Lolcows, part of the world of internet personalities, would seem well beyond the world of economic analysis. Yet, much of what happens can be explained by the paradigm of Austrian economics.Original article: https://mises.org/mises-wire/austrian-perspective-lolcows
Why do so many intellectuals despise the market that sustains them? Ralph Raico weighs Hayek’s theory of “scientism” against Schumpeter’s portrait of a resentful, over-produced intelligentsia—and finds both wanting, pointing instead to the harder puzzle: why capitalism’s most successful intellectuals are so often its fiercest critics.Excerpted from chapter 3 of Classical Liberalism and the Austrian School.
Great Britain’s “Equality Act” is not simply a civil rights bill gone too far. It is, as Murray Rothbard would have put it, a “monstrous” piece of legislation that looks to create a social and economic equality that could never exist.Original article: https://mises.org/mises-wire/uks-monstrous-equality-act
Since abandoning socialism 30 years ago, Poland’s economy has grown, as one would expect with a market economy. However, there could be more economic freedom there that easily would translate into a booming economy.Original article: https://mises.org/mises-wire/poland-now-its-still-paper-tiger
Carl Menger, founder of the Austrian School of economics, served as the tutor for Austrian-Hungary’s Crown Prince Rudolf, the only son of Emperor Franz Joseph. But Rudolph’s untimely death in 1889 would end up changing the ruling dynamics of pre-World War I Central Europe.Original article: https://mises.org/mises-wire/carl-menger-crown-prince-rudolf-and-marginal-revolution-never-was
The essay added later to the collection: a critique of proposals to nationalize banking and credit, weighing bureaucratic against profit management and warning of credit overexpansion and immobilization.
Mises examines the doctrine of a “hampered” or regulated market as a distinct third system and answers Schmalenbach’s thesis that free enterprise was giving way to a bound economy.
Mises’s 1929 preface, written in Vienna for the original German edition, presenting the essays as a sustained critique of interventionism, then the reigning economic policy across Europe and America.
The central essay: interventionism as a supposed economic system, the real nature of intervention, and how price ceilings, minimum wages, and similar measures defeat their own aims—leaving only a choice between the free market and socialism.
A critique of the German “Socialists of the Chair” and their social policy—by way of the Methodenstreit, the clash of control versus economic law, and Max Weber—showing how “social liberalism” abandons liberalism itself.
Mises’s focused analysis of price controls: why fixing prices produces shortages and demands for still more controls, and what that reveals for the theory of social organization as a whole.
How German “anti-Marxism,” including national (anti-Marxian) socialism, absorbed the very Marxian ideas it claimed to oppose, with Werner Sombart as the case study of a thinker Marxist and anti-Marxist by turns.
Margit von Mises introduces the collection, recalling that these essays date from the 1920s and noting that the final essay was added to the later German edition.
Hans F. Sennholz, the translator, lays out Mises’s target—the belief in a “third system” of a hampered market economy standing between capitalism and socialism—and why that middle way cannot hold.
Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.Original article: https://mises.org/mises-wire/praxeology-within-physics-social-sciences
Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.Original article: https://mises.org/mises-wire/depression-1784-revolutionary-inflation-and-post-revolution-depression
While Adam Smith is celebrated in some circles as the “Father of Free-Market Economics” (Austrians would disagree), his writings on the “disadvantages” of the worker are misleading.Original article: https://mises.org/mises-wire/how-adam-smith-helped-create-modern-unionism
As AI becomes a more important and visible part of our lives, the movement to regulate it also grows. The standard regulation narratives—that government regulates things in the name of the public interest—clearly do not fit the facts.Original article: https://mises.org/mises-wire/cronyism-and-regulatory-capture
that it assumes pure selfishness, and that it requires perfect rationality—and replaces them with one proposition: human beings consciously strive to substitute more satisfactory conditions for less satisfactory ones. From there, he explains why economic knowledge is derived from reason rather than laboratory experiment, why there are no constant relationships in economics the way there are atomic weights in chemistry, and why statistics belong to economic history, not economic theory. Along the way, he corrects a fallacy that has persisted since Aristotle: that exchange requires equality between the items traded. It doesn't. Exchange occurs precisely because both parties value what they receive more than what they give—a point Marx missed, Bergson missed, and most textbooks still miss. The article closes with a warning: you cannot predict the future by studying the past, and the economist who confuses history with theory will be wrong every time.
Every July 4th, politicians climb podiums, flags wave, a hundred million dollars’ worth of fireworks scatter across the sky, and somewhere between the hot dogs and the stadium-rock anthems, it becomes easy to confuse the theater of freedom with the substance of it.Original article: https://mises.org/mises-wire/fireworks-regime-what-july-4th-actually-celebrates
Democratic socialist candidates are becoming a serious political challenge in Democratic Party primaries. Have Americans suddenly become convinced by the arguments in favor of command economies, or is there something deeper going on?Read the article here: https://mises.org/mises-wire/country-having-its-socialist-moment2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The media tells us that the rape allegations that brought down Graham Platner’s Senate campaign just came to light. Actually, the media had those allegations for months, but sat on them to protect Platner’s campaign.Original article: https://mises.org/mises-wire/senate-isnt-his-oyster-after-all-graham-platners-socialist-vessel-turned-out-be-leaky
“The main aim of American foreign policy is to impose the will of our ruling elite on the rest of the world.” Original article: https://mises.org/mises-wire/war-system
The crucial difference between physical “capital goods” and “capital” as an accounting concept, and how profit and loss, private property, and economic calculation steer production toward what consumers actually want.
The liberal ideal of the individual and rational, welfare-serving law, and a defense of the Industrial Revolution against the myth that early capitalism degraded the common man.
How the Industrial Revolution and foreign investment made some nations rich while others stayed poor, closing with Mises’s defense of capitalism—not because capitalists are good people, but because the market economy benefits mankind and safeguards freedom.
How Marxism claims that truth itself is attainable only in a classless society, and how the cult of “action” and violence—by way of Georges Sorel and French syndicalism—fed into Leninism, fascism, and Nazi racial doctrine.
Why Marxism spread so widely while going long unchallenged, how its slogans slipped into everyday speech, and the Marxian urge to “organize” society by treating individuals as raw material to be arranged.
Mises opens the philosophical half of the course by arguing that Marx’s materialism—the claim that a person’s economic class shapes his very ideas and logic—dominates modern thought, and he begins to dismantle it.
Marx’s doctrine of class and class conflict: the claim that class interests determine how people think and set the classes in irreconcilable conflict—with Mises noting that Marx never actually defined what a class is.
Richard M. Ebeling recalls the world of 1952, when socialism seemed ascendant everywhere, summarizes Marx’s system of historical materialism and class struggle, and introduces Mises as one of its most formidable critics.
The two great confusions about money and interest, from Aristotle’s “money cannot beget money” to modern credit expansion, and how monetary manipulation by banks and governments produces inflation and the business cycle.
The first economics lecture: how saving, capital goods, and investment build modern prosperity—illustrated by the fisherman who forgoes today’s catch to make nets—and why capital must be guided by economic calculation.
Guido Hülsmann examines the interest rate through both economic analysis and moral theology—tracing the debate from Aristotle through Aquinas and Heinrich Pesch to the Austrian School. His conclusion overturns the traditional doctrine: interest income from voluntary lending is intrinsically just and good, both for the contracting parties and for society as a whole, because it funds the division of labor in finance, strengthens social bonds between savers and borrowers, fuels economic growth through longer production processes, and creates a natural saturation mechanism that prevents capital accumulation from becoming an end in itself.However—and this is the essay’s most important turn—the legitimacy of interest income is corrupted when it arises through unjust institutions, particularly the fiat money system. Central banks override the natural saturation of capital accumulation, inflate credit markets beyond any limit that would exist under sound money, and redistribute income from the poor to those closest to money creation. The scholastics were wrong to condemn all interest as usury. But the income generated by today’s monetary system—artificial, coerced, and redistributive—is precisely the institutionalized usury that Bernard Dempsey warned about in 1943.Read the original article: https://mises.org/articles-interest/economics-and-ethics-interest-rates
Contrary to a common—and incorrect—critique of Rothbard, he was not a fanciful purist who refused to support any political movement that failed to be perfectly libertarian in every way. Original article: https://mises.org/mises-wire/why-rothbard-sided-american-revolutionaries
Tom Woods frames the book around a single question—when the state may legitimately initiate force—and the classical liberal's insistence on a very high threshold for it.
Mises defends his use of the word: true liberalism is defined by private ownership of the means of production, and he explains why he keeps the name despite its distorted modern usage.
Mises defines liberalism as a program for material welfare grounded in reason, ties it to capitalism, and examines the psychological roots of antiliberal resentment.
The first principles of liberal politics—private property, freedom, peace, and equality before the law—with a critique of the doctrine of force, fascism, and the proper limits of government.
Mises argues that modern civilization rests on liberalism and capitalism, and can be destroyed only from within—by the spread of antiliberal ideas, not by any outside enemy.
A guided reading list of the essential works of liberal thought, from Hume, Smith, and Bentham onward, for readers who want to study the tradition in depth.
Liberalism applied to world affairs: national self-determination, free trade and freedom of movement as the foundations of peace, and critiques of nationalism, imperialism, and colonialism.
The economic case for private property and the free market, including the impracticability of socialism, the failures of interventionism, and the problems of cartels, monopoly, and bureaucracy.
Most readers are familiar with the 1964 Civil Rights Act. They are less familiar with the 1957 Civil Rights Act.Original article: https://mises.org/mises-wire/consolidating-federal-power-under-civil-rights-act-1957
Some people seem to think the Constitution of 1787 is pretty much the same thing as the Declaration of Independence. They’re wrong.Original article: https://mises.org/mises-wire/dont-confuse-declaration-independence-constitution
In celebrating the 250th anniversary of the Declaration of Independence, we remember names like Jefferson and Washington. Unfortunately, the man probably most responsible for push this nation to independence, Thomas Paine, is mostly forgotten.Original article: https://mises.org/mises-wire/no-paine-no-declaration
Mark Thornton delays part three of his series on American government in favor of something lighter for the 250th: the story of kudzu, the vine that ate the South. Japanese gardeners brought it to America in 1876 as an ornamental plant. Private interest stayed limited. Then FDR’s Soil Conservation Service paid farmers to blanket millions of acres with it—to fix erosion and dust bowl conditions that earlier government policies had helped create. Kudzu grew a foot a day, swallowed trees, houses, and power lines, and became an environmental menace in the Southeast. Government herbicides couldn’t kill it. What’s actually working is a market solution nobody planned: entrepreneurs who lease goat herds to graze kudzu patches, draining the rootstock over a few years while producing goat meat for the working class.Side B features a Tasty Live interview in which Mark explains all three Austrian business cycle indicators firing simultaneously—the stock bubble, price inflation, and the K-shaped economy—and traces the historical pattern connecting tariffs, strategic stockpiling, and industrial policy to the wars that follow.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The US “celebrates” its 250th birthday today, but not everyone is celebrating. We bring back a classic from 10 years ago that is even more relevant today.Original article: https://mises.org/mises-wire/its-fourth-july-why-am-i-sad
In the deepest sense, the American Revolution was a conscious majority revolution on behalf of libertarianism and against power.Original article: https://mises.org/mises-wire/americas-libertarian-revolution
Jean-Luc Mélenchon—the leader of the French far-left party “La France Insoumise”—says it’s no problem that the French government’s debt now tops more than 100% of GDP.Original article: https://mises.org/mises-wire/french-far-left-downplays-government-debt-order-spend-even-more
Many largely accept Jefferson’s statements about rights, liberty, consent, criminality, and the role of government, however, many come short of adopting Jefferson’s radical libertarian political convictions.Original article: https://mises.org/mises-wire/tracing-jeffersons-libertarian-thought-declaration-independence
Automatic citizenship for the children of foreign nationals on US soil will only further politicize immigration and increase calls for more limits on migrants in the US.Be sure to follow the Loot and Lobby podcast at Mises.org/LL
The dangers posed by a paper fiat currency were well-known even in the early days of the U.S. republic.Original article: https://mises.org/mises-wire/patriotism-shouldnt-apply-debauched-dollar
As technology and AI grow more sophisticated, people commonly believe that they also are eliminating uncertainty. Nothing could be further from the truth.Original article: https://mises.org/mises-wire/why-history-refuses-stay-planned
The modern state has become not only the guardian of political order but also the architect of cultural identity. We must separate culture from the state.Original article: https://mises.org/mises-wire/culture-state-and-problem-liberty
Despite the eternal promises of members of Congress, government office space is rapidly deteriorating. Unfortunately, Congress has no plans to deal with the problem. All of this is easily explained by Austrian economics.Original article: https://mises.org/mises-wire/surprise-surprise-government-capital-stock-deteriorating
This decision—as with birthright citizenship in general—will increase political conflict over the presence of foreign nationals—both legal and illegal—within the United States.Original article: https://mises.org/mises-wire/birthright-citizenship-ruling-will-create-more-conflict-over-immigration
Money did originate from the state, no matter how many times contemporary monetary theorists might claim otherwise.Original article: https://mises.org/mises-wire/backwards-history-money
With its new ruling in Trump v. Cook, the Supreme Court demonstrates it does not understand central banking or the Fed. Clarence Thomas, however, saw through the Fed’s lies. Original article: https://mises.org/mises-wire/supreme-court-and-supreme-fed
It is important to change our political culture, which treats “democracy,” or the “right” to vote, as the supreme political good.Original article: https://mises.org/mises-wire/libertarian-critique-birthright-citizenship
While Bitcoin in its early days promised freedom from the tyranny of fiat currency, those days are gone. Instead, Bitcoin owners are now satisfied if its value goes up against the dollar.Original article: https://mises.org/mises-wire/bitcoin-not-freedom-delusion-digital-escape
Comparing Sanders to fascism may seem unusual, but it should not be forgotten that the main leaders of Italian fascism, including Mussolini, were initially socialists before they became fascists.Original article: https://mises.org/mises-wire/why-bernie-sanderss-ai-bill-fascistic-and-dangerous
Bob sits down with fund manager and author Lawrence Lepard to discuss his book The Big Print, which argues that the core problem with modern America is not corporate greed or partisan politics, but a monetary system deliberately structured to benefit those closest to the Fed at the expense of wage earners and savers.Related:The Big Print: What Happened To America And How Sound Money Will Fix It: https://Mises.org/HAP555aCelebrate Murray Rothbard’s 100th birthday with a free copy of Keynes the Man during our June giveaway. Get yours at https://Mises.org/HAPodFreeFind free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics at https://Mises.org.
What role does the Constitution play when one state has a different understanding of “American values” than another? Unfortunately, the responses have been inconsistent, depending upon which “values” one wishes to promote.Original article: https://mises.org/mises-wire/calhouns-answer-abolition-petitions
Mainstream economists claim that understanding and observing reality is not really “doing economics.” Instead, they believe that all we need are abstract theories that predict events well. But over time, financial markets must bend to the real world.Original article: https://mises.org/mises-wire/state-financial-markets-tells-us-what-investors-really-believe
On this July 4, Americans will celebrate 250 years of independence. However, what are people really celebrating, freedom or a militaristic regime?Original article: https://mises.org/mises-wire/july-4-will-you-be-celebrating-founders-or-status-quo
Mark Thornton opens this episode of Minor Issues by tracing how politics shifted from the classical ideal of justice and community order into a Machiavellian struggle for power, privilege, and control. He argues that modern politics is dominated by entrenched elites, special interests, propaganda networks, and a two-party system designed to keep ordinary voters alienated and powerless.On Side B, Mark joins Adrian Day and Rich Checkan for a wide-ranging discussion of inflation, debt, financial repression, gold, commodities, artificial intelligence, the Austrian business cycle, and the rise of socialist sentiment among younger Americans. Mark explains why learning Austrian economics is essential for understanding markets, government failure, and the crises ahead.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Pandemics offer an alleged challenge to libertarians, as some argue that governments should have the power to order quarantines and impose vaccine requirements. It turns out that statism makes things worse—and that free markets offer the best solutions.Original article: https://mises.org/mises-wire/hantavirus-market-versus-government-disease-control
The first organized big-business push for banking reform. Rothbard recounts how the 1896–97 Indianapolis Monetary Convention, backed by Morgan- and Rockefeller-tied elites, enlisted economists to press for the gold standard and a centralized, more “elastic” banking system.
Around 1906, Jacob Schiff of Kuhn, Loeb and his relative Paul Warburg launch the explicit campaign for a U.S. central bank, rallying the American Bankers Association and its leading commercial bankers behind banking reform.
The theory put into practice: imposing the gold-exchange standard on U.S. dependencies and client states—Puerto Rico, the Philippines, Mexico, and others—administered by a cadre of economists and academics and tying client currencies to the dollar.
Rothbard frames the 1913 Federal Reserve Act as part of the Progressive drive from laissez-faire toward centralized statism. Having failed to cartelize through the free market, big business turned to government to do the job—with intellectuals supplying the ideological cover.
Why the nation’s big banks grew dissatisfied with the post–Civil War National Banking System: an inflationary but rigid structure that lacked an “elastic currency” and pyramided credit on Wall Street, fueling the search for a central bank to coordinate inflation.
The Panic of 1907 becomes the catalyst. Rothbard traces the response — the Aldrich-Vreeland Act and the Aldrich-led National Monetary Commission—as elites studied European central banks and mobilized expert and business opinion toward a central bank.
Enter Charles A. Conant, theorist of “surplus capital.” Rothbard shows how Conant’s claim that mature economies must export capital abroad linked banking reform to economic imperialism—a theory that traveled from pro-imperialists to Wilshire, Hobson, and Lenin.
The reformers’ first victory—the Gold Standard Act of 1900—and the maneuvering that followed, as Treasury secretaries Lyman Gage and Leslie Shaw used government deposits to aid the banks and inch the country toward central banking.
With the Democrats ascendant under Wilson, the reformers repackage the Aldrich Plan as the ostensibly decentralized, government-supervised Federal Reserve—essentially the same central bank under a new name, with Morgan-allied interests securing control.
Rothbard’s summation: the Federal Reserve was a government-sanctioned cartel engineered by the Morgan, Rockefeller, and Kuhn, Loeb interests to enable coordinated inflation—achieved only with the legitimizing support of technocratic experts and academics.
Market, Tho, Connor, and special guest Ryan Turnipseed pay tribute to the Maestro, consider whether Democratic Socialists are part of Greenspan's legacy, and embrace Justice Clarence Thomas as a Rothbard respecter.Celebrate Murray Rothbard’s 100th birthday with a free copy of Keynes the Man during our June giveaway. Get yours at Mises.org/PMPodFree
While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today’s Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.Original article: https://mises.org/friday-philosophy/greenspan-great-opportunist
Ryan McMaken looks at the little known (in America) secessionist war for self-determination fought by French counterrevolutionaries against the French Jacobins and radicals. The Marxist narrative about this conflict endures, but the separatists were right.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Were stronger central government under the Articles of Confederation and a central bank really necessary to win the American Revolution, as conservative nationalists of the era claimed?Original article: https://mises.org/mises-wire/myth-nationalist-victory-articles-confederation-and-bank-north-america
The famed “Custer’s Last Stand” at the hands of Native Americans defending their villages is a reminder of the brutality of the US war against the Plains Indians. History tells us that the “heroic” George Armstrong Custer was really the “reckless” Custer who died underestimating his foe.Original article: https://mises.org/mises-wire/little-bighorn-anniversary-remember-custers-crimes
The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.Original article: https://mises.org/mises-wire/intellectual-property-versus-unrealized
Democratic Socialists are winning election after election and will have a number of representatives in Congress. What will happen to our society as they continue to gain power? The answers are not encouraging.Original article: https://mises.org/mises-wire/democratic-socialists-one-vote-one-time
Mises Editor-in-Chief Ryan McMaken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire.Be sure to follow the Loot and Lobby podcast at Mises.org/LL
The Fed Chair’s job isn’t to stabilize the economy. It’s to use prestige, technical jargon, and mind-numbing dullness to cover for the central bank’s expropriation of the American people. And Alan Greenspan excelled at that.Read the article here: https://mises.org/mises-wire/greenspan-was-perfect-fed-chair-not-compliment2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Long before modern economics, the Greek philosophers were laying the groundwork for understanding human cooperation in a social setting, helping to give birth to economic thinking.Original article: https://mises.org/mises-wire/how-greek-merchants-and-philosophers-discovered-economics
Murray N. Rothbard was a system builder in the mode of Ludwig von Mises, Frank H. Knight, and F. A. Hayek. Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty.Original article in The Misesian: https://mises.org/misesian/murray-n-rothbard-toward-science-liberty
Ryan McMaken reviews a new book on the political institutions of the Middle Ages, ‘The Medieval Constitution of Liberty: Political Foundations of Liberalism in the West.’ We find that it is in the Middle Ages that we find the origins of modern notions of political freedom, representative government, political decentralization, and limits on state powers. In practice, the politics of the “Renaissance” and the “Enlightenment” were steps in the wrong direction.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The intellectual path from Ancient Greece to modernity is littered with the path of numerous philosophers, movements, and events, both peaceful and violent that have shaped thinking throughout the ages.Original article: https://mises.org/mises-wire/scholasticism-enlightenment-liberalism
Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.Original article: https://mises.org/mises-wire/lies-damn-lies-and-history-capitalism
Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy.Original article: https://mises.org/power-market/alan-greenspan-dies-100
As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.Original article: https://mises.org/mises-wire/sixth-republic
Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.Original article: https://mises.org/mises-wire/why-you-shouldnt-trust-bureaucrats
Mark Thornton examines Kevin Warsh’s first Fed meeting and argues that despite the tough rhetoric, nothing fundamental has changed. The Federal Reserve still exists to keep government borrowing cheap, protect banks and Wall Street, and manage appearances while real inflation erodes household purchasing power.Mark explains why real interest rates are already low or negative, how Fed liquidity continues to fuel asset bubbles, and why AI, data centers, government debt, and stock-market leverage all point to late-stage business-cycle danger. On Side B, Thornton joins Murray Sabrin to discuss the economy, the Skyscraper Curse, gold, commodities, and the practical habits that help people navigate a rigged monetary system.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored.Original article: https://mises.org/power-market/why-stable-systems-fail-illusion-institutional-control
As technology advances, progressives believe that this time, all of their social engineering and attempts to establish socialism will finally come to fruition. They are in for a rude surprise.Original article: https://mises.org/mises-wire/institutional-closure-why-managed-directivism-breeds-its-own-collapse
In 1952, at the height of Soviet power, Ludwig von Mises stood in the San Francisco Public Library and systematically dismantled Marx—not just his economics, but his philosophy, his theory of history, and his manipulation of language. This is the fifth of nine lectures, published in 2006 as Marxism Unmasked.Mises examines why Marxism went essentially unchallenged for decades—not because its arguments were strong, but because its opponents rarely engaged its philosophical foundations. He traces the intellectual lineage from Saint-Simon’s totalitarian world council through Comte’s positivism to Marx’s dialectical materialism, showing how each system claimed to have discovered the final truth and therefore demanded the end of free inquiry. Along the way, Mises dismantles the conflation of Marxism with Freudian psychoanalysis, explains why governments have a built-in bias toward socialism, and reveals that the word “organize” entered political language as a Napoleonic term meaning to treat individuals as a builder treats stones. The essay’s central insight is deceptively simple: the debate was never between planning and chaos. It was always between the plan of the dictator and the plans of free individuals—and the police exist to settle the dispute.
The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?Original article: https://mises.org/mises-wire/why-us-president-loves-inflation
While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has created many problems there—just as it has done elsewhere.Original article: https://mises.org/mises-wire/chinas-industrial-policy-ambition-inefficiency-and-cautionary-tale-america
Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.Original article: https://mises.org/mises-wire/american-revolution-and-danger-standing-armies
While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator should be to his reckless socialist proposals that would have disastrous consequences.Original article: https://mises.org/mises-wire/oppose-graham-platner-his-socialism-not-just-his-outrageous-behavior
Names for historical periods like “Renaissance” and “Enlightenment” did not descend to us out of the heavens. Historians and propagandists of centuries past created these names, often for political purposes. Original article: https://mises.org/mises-wire/middle-ages-enlightenment-and-propaganda
Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.Original article: https://mises.org/mises-wire/bond-market-sell-welcome-titanic-effect
Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than business as usual. Original article: https://mises.org/power-market/fed-holds-interest-rate-steady-and-warsh-buys-time-new-task-force-scheme
Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May.Original article: https://mises.org/mises-wire/real-wages-fell-second-month-price-inflation-surged
Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.Original article: https://mises.org/mises-wire/why-justice-mattered-rothbard
When inflation surges, the first thing on the government’s agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.Original article: https://mises.org/mises-wire/raising-interest-rates-does-not-counter-inflation
Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.Original article: https://mises.org/mises-wire/fear-signal-why-state-urgently-wants-bind-prediction-markets
Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI’s excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money. Original article: https://mises.org/mises-wire/sound-money-artificial-intelligence-and-pope
In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.Original article: https://mises.org/mises-wire/april-money-supply-growth-hit-49-month-high-and-prices-soared
Regulatory systems are infamous for creating “traps” in seem to be impervious to reform. Regulators seek to “drain the swamp,” but, instead, find themselves up to their necks in alligators.Original article: https://mises.org/mises-wire/moloch-regulatory-state
to explain how runaway spending, Fed liquidity, and Austrian business cycle theory reveal the deeper mechanics behind today’s markets. He discusses the AI and data-center bubble, the Fed’s role in sustaining malinvestment, the pressure on working families, and why gold, silver, and commodities are benefiting from a long era of monetary inflation and political dysfunction.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states.Original article: https://mises.org/mises-wire/abolitionist-movement-antebellum-south
On this episode of Power and Market, Ryan, Connor, and Tho look at the debate over the latest National Defense Authorization Act.
Egalitarian interpreters of the Declaration not only empower the centralized state but promote a view of “equality” that shares a common ethical error with slavery itself—that legal castes of humans may be created and enforced against the liberty of others.Original article: https://mises.org/mises-wire/declaration-independence-versus-egalitarianism
The covid lockdowns were useless for public health, but they vastly strengthened government’s stranglehold over our lives. We cannot allow this to happen again.Original article: https://mises.org/mises-wire/potential-lockdowns-polarization-and-what-should-be-done
Not surprisingly, the present government is rapidly politicizing artificial intelligence. We don’t have to look far for disastrous results.Original article: https://mises.org/mises-wire/ai-creative-destruction-and-politicization-economic-change
Despite attempts to whitewash its past, progressivism was a poisonous ideology from the beginning. One of its worst legacies is eugenics, which not only created social strife in the US, but also was exported to Germany, where the Nazis embraced it.Original article: https://mises.org/mises-wire/how-american-progressives-influenced-hitler
Trump is trapped in a genuinely difficult situation as he tries to reach a deal with Iran. But it is a crisis of his own making. Also, the establishment figures now condemning him should not be allowed to pretend they had nothing to do with it.Read the article here: https://mises.org/mises-wire/trumps-iran-predicament-his-own-fault2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Contrary to the myth that kings routinely ruled over cowed subordinates by “divine right” in the Middle Ages, civil governments of the period faced countless institutional obstacles to the exercise of power.Original article: https://mises.org/mises-wire/medieval-europeans-paved-way-freedom-west
The current free-for-all in Division I NCAA sports is not the product of a free market, but rather is chaos being imposed by the courts and government agencies. Original article: https://mises.org/mises-wire/anarcho-tyranny-killing-college-sports
As AI continues to grow, we are told to fear private transactions and to depend on the state for safety and security. The reality is that we need to fear the state and what it will do to us as technology becomes increasingly sophisticated.Original article: https://mises.org/mises-wire/were-freaking-doomed-without-freedom-state-rule
This key decision of the Continental Congress matters because the way a war is fought affects the outcomes; the choice to fight like a state means either losing or winning like a state.Original article: https://mises.org/mises-wire/charles-lee-alternative-george-washington-youve-probably-never-heard
According to the University of Michigan’s latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition.Original article: https://mises.org/power-market/federal-reserve-why-people-are-unhappy
Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists.Original article: https://mises.org/mises-wire/subjective-nature-time-bergson-mises
Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.Original article: https://mises.org/mises-wire/great-disconnect-when-wealth-and-productive-ability-diverge
Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no.Original article: https://mises.org/mises-wire/economic-calculation-and-southern-california-beach-girl
Although it’s true that many government-driven price hikes in recent years aren’t “inflation” in the strict sense, the pain they cause is just as real. Warsh’s push to narrow what the Fed counts as inflation—so it can justify even more inflation—is alarming.Read the article here: https://mises.org/mises-wire/warshs-concerning-interest-redefining-inflation2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies.Original article: https://mises.org/mises-wire/praxeology-antidote-hyperreality
The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.Original article: https://mises.org/mises-wire/remembering-mogambo-guru
As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.Original article: https://mises.org/mises-wire/crazy-wealth-tax-proposals-california-and-new-york-city
The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. History and reality tell us, however, that these companies soon enough will be as bloated and corrupt as their contemporaries.Original article: https://mises.org/mises-wire/beware-neo-primes
Did the Declaration of Independence carry a hidden message of abolition of slavery? Justice Clarence Thomas and historian Harry Jaffa believe that, but legal scholar Wanjiru Njoya holds that such an interpretation pushes the envelope too far.Original article: https://mises.org/mises-wire/justice-clarence-thomas-harry-jaffa-and-declaration-independence
The Appalachian region, while always relatively poor, had strong families and institutions that held things together. In the aftermath of the expansion of the welfare state and the shrinking of the iron, steel, and coal industries, we have seen social breakdowns and increasing drug addiction.Original article: https://mises.org/mises-wire/sedation-appalachia
Here is Rothbard’s mini-biography of Lord Keynes, one that makes use of all modern research to reconstruct Keynes’s life and works in a way that is absolutely devastating. We read about his schooling, his secret societies, his political associations and sponsors—as well as his intellectual shifts and dodges throughout his life.To put it mildly, Keynes was not the genius liberal of his reputation. He was shifty, duplicitous, and manipulative from beginning to end, and his deliberately obfuscating economic theory reflects those traits.When the newscasters go on about how Keynes saved us and will continue to do so, it would be good to be armed with the truth about the man who reconstructed economics as he saw fit. You will be alternately amazed and outraged that the thoughts of this man have inspired government policy for so many decades. In fact, as Murray demonstrates, that explains so much about what is wrong with government policy.Murray Rothbard writes with spunk and verve in this investigative report.
Mark Thornton shares his recent Rothbard University lecture on the division of labor, the concept Adam Smith made famous as chapter one of The Wealth of Nations but never fully explained. Smith described workers specializing in tasks and productivity rising, then attributed the result to an invisible hand he couldn’t account for. Rothbard accounted for it: the entrepreneur decides how to organize production, the capitalist funds it, and the price system guides both. Without them, the workers in Smith’s pin factory would have no factory, no pins, and no wages. Mark traces this insight from Sparta versus Athens to feudalism versus Venice to Henry Ford’s assembly line, showing why every system that ignored the entrepreneur failed for the same reason.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Viewing the Declaration of Independence as the act that created one consolidated American nation is a common historical anachronism, which projects a later nationalist understanding backward onto the founding era.Original article: https://mises.org/mises-wire/creating-nation-declaration-independence-and-nation-anachronism
In contemplating the life and career of Ludwig von Mises, one is struck by the nobility and grandeur, the high courage, of his lonely and lifelong struggle on behalf of truth and laissez-faire. But what led Mises to pursue his lonely and seemingly doomed struggle until the very end?Original article: https://mises.org/articles-interest/mises-and-role-economist-public-policy
The Federal Reserve continues to destroy the economy’s savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.Original article: https://mises.org/mises-wire/there-no-reprieve-feds-war-savings
What inspires us about the life of Mises, writes Lew Rockwell, is not his victimhood but his triumph over evil.Original article: https://mises.org/mises-daily/heart-fighter
In attacking progressivism in a recent speech, Clarence Thomas has been pilloried in the media and by politicians and academics. However, Thomas was correct: progressivism has brought one disaster after another, all the while empowering the worst of state actors.Original article: https://mises.org/mises-wire/justice-clarence-thomas-right-about-progressivism
For too long, people have thought of the airwaves and waterways as “public” property that is best controlled by government. However, Murray Rothbard and others held that one could apply the institution of private property to both.Original article: https://mises.org/mises-wire/who-owns-airwaves-and-sea
Ryan McMaken points out that the American “great experiment” failed many decades ago. In fact, the current republic we call “the United States” is clearly a completely different republic than the one founded back in the late eighteenth century. The founding fathers wouldn’t recognize it at all.Be sure to follow the Loot and Lobby podcast at Mises.org/LL
As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to do these things, though only one of them really produces anything, and the other is organized by a peculiar form of exchange.The first is what is called the trade economy—the one summed up in the phrase “the free market.” The other might be called “the tax economy.”Original article: https://mises.org/free-market/two-economies
Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses.Original article: https://mises.org/mises-wire/public-goods-circular-argument
The White House leaks that a deal is almost done. Markets surge. Insiders profit. The deal collapses. Repeat. Now the markets barely move. Nobody believes it anymore. A government that cries wolf this many times eventually finds itself alone.Original article: https://mises.org/power-market/when-our-word-no-longer-good
The popular pastime of modern democracies of punishing the diligent and thrifty, while rewarding the lazy, improvident, and unthrifty, is cultivated via the State, fulfilling a demo-egalitarian program based on a demo-totalitarian ideology.Original article: https://mises.org/mises-wire/democracys-road-tyranny
Mamdani’s election is not the cause of economic decline. Instead, New York City’s slide into chaos has been ongoing for many years, and Mamdani promises to make things even worse.Original article: https://mises.org/mises-wire/big-apples-woes-are-not-just-result-one-election
Remembering Murray Rothbard on our imperialistic wars: “The true principle of isolationism is that the government should be isolated and people who trade, interchange, and engage in voluntary travel, migration, and so forth should be allowed to peacefully do so.”Original article: https://mises.org/mises-wire/murray-rothbard-war-and-isolationism
Even the federal government’s official data shows that price growth is well above the Federal Reserve’s two-percent target. In fact, price inflation is now at multi-year highs, and there is good reason to think this will continue.Be sure to follow the Loot and Lobby podcast at Mises.org/LL
Mark Thornton replays his wide-ranging Kitco News interview with Jeremy Szafron, connecting today’s “two economies” to Ludwig von Mises’s Austrian business cycle theory. Easy money and credit inflation lift asset owners, big corporations, and government finance, while working families get the bill through higher prices and weaker real wages. They discuss late-cycle signals in tech and AI and broader corporate credit, and how war-driven energy shocks feed into a wider commodity surge. Mark also breaks down Cantillon effects at the kitchen-table level and closes with bottom-up strategies like local resilience, savings, and removing tax barriers to using gold and silver as practical inflation protection.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this.Original article: https://mises.org/mises-wire/us-constitution-now-suicide-pact
On this episode of Power and Market, Ryan, Connor, and Tho discuss the results of the most expensive Congressional race in American history. What does the defeat of Thomas Massie tell us? What does this mean for libertarian strategy? Should we black-pill? Tune in for this and more.
Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.Original article: https://mises.org/power-market/economic-problem-behind-zohran-mamdanis-government-grocery-plan
Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.Original article: https://mises.org/mises-wire/great-reversal-how-social-contract-theory-became-state-apologetics
Buc-ee’s—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.Original article: https://mises.org/mises-wire/buc-ees-free-market-triumph-or-simply-capitalist-oppression
AI has created enormous demand for new data centers, and many communities do not want them nearby. The Rothbardian answer is not blanket permission or blanket prohibition, but a property-rights framework and the return of market forces that government policy has largely displaced.Read the article here: https://mises.org/mises-wire/rothbardian-case-against-bad-data-center-policy2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
While upholding the radical ideal, Rothbard combined idealism with realism, scholarship with accessibility, and boundless curiosity with commitment to truth.Original article: https://mises.org/articles-interest/murray-n-rothbard-legacy-liberty
Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.Original article: https://mises.org/mises-wire/economics-sociological-foundation-civilization
Washington is pursuing industrial policy again, this time being an attempt to form a minerals consortium with other countries to secure minerals vital to US manufacturing. No doubt, this initiative will end up on the ash heap of bad policy.Original article: https://mises.org/mises-wire/minerals-consortium-will-result-malinvestment
The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.Original article: https://mises.org/mises-wire/causes-uncontrollable-us-public-spending-and-debt
The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever.Original article: https://mises.org/mises-wire/deflation-bad-economy
Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.Original article: https://mises.org/mises-wire/price-inflation-accelerates-wars-and-deficits-expand
What might be the process of a society moving from being unfree to being free? Here is one scenario.Original article: https://mises.org/mises-wire/when-society-chooses-freedom-unfree-world
Ryan McMaken looks at the latest jobs numbers form the federal government and why so many workers and families appear to think the economy is in trouble.Be sure to follow the Loot and Lobby podcast at Mises.org/LL
Ryan McMaken takes a look at Rothbard’s seminal 1963 essay “War, Peace, and the State.” We find that Rothbard was no pacifist, but supported defensive violence against aggressors. Rothbard also maintains war must be limited by respect for neutrals, and avoidance of weapons that target innocent non-combatants. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Murray Rothbard is one of the all-time greats in Austrian economics and libertarianism. When studying his achievements, we immediately see that Rothbard is a giant whose shoulders free-market scholars should aspire to stand on.Original article: https://mises.org/misesian/why-rothbard-relevant-ever
Ryan, Connor, and Tho break down a variety of headlines from the week, including bad inflation data, Trump’s trip to China, Kevin Warsh’s Senate confirmation, and the political theatre of Spencer Pratt and Zohran Mamdani.
While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy.Original article: https://mises.org/mises-wire/gop-fiscal-follies
With some simple logic and using Hobbes’s own presuppositions and arguments, we can internally critique Hobbes’s argument for the state, namely, that the state solves none of the problems he presents.Original article: https://mises.org/mises-wire/hobbess-self-defeating-theory
In the year since Donald Trump’s “liberation day” in April 2024 fewer Americans are now working, and inflation-adjusted hourly earnings are still below where they were in 2021.Original article: https://mises.org/mises-wire/job-market-has-only-gotten-worse-trumps-liberation-day
In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and mathematics. It is time to “rediscover” the margin, this time the margin as explained by Carl Menger.Original article: https://mises.org/mises-wire/todays-ais-show-marginal-revolutions-unfinished-business
As the economy faulters, socialists are getting elected, promising free goods and services and an end to the chaos. Even when they make things worse, however, they will still gain political power.Original article: https://mises.org/mises-wire/socialists-are-reaping-bountiful-political-harvest-while-they-create-havoc
Governments take valuable things like paper and minerals, stamp something on them, and call them money, in the process rendering these things almost worthless. Something is wrong with this picture.Original article: https://mises.org/mises-wire/cost-money-coinage-fiat-power-and-quiet-corruption-value
Both progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value by serving others and those who are getting rich by expropriating wealth through force.Read the article here: https://mises.org/mises-wire/progressives-and-conservatives-are-wrong-about-taxing-rich2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Who would join a radical minority movement, and commit him- or herself for life to social obloquy and a marginal existence, for the sake of 20% more bathtubs, or 15% more candy bars? Who will man the barricades either physically or spiritually, for more peanuts or Pepsi?Original article: https://mises.org/articles-interest/duty-natural-outlaws-shut
In this article from 1950, Murray Rothbard suggests some of the less bad ways of financing military operations. Hint: monetary inflation and taxing savings and investment are among the worst.Original article: https://mises.org/articles-interest/economics-war
Karl Marx not only misunderstood value and production, but he also was wrong about large-scale and small-scale property owners.Original article: https://mises.org/mises-wire/marx-was-wrong-about-necessary-ruin-small-landed-property
The recent death of Paul Ehrlich reminds us that his crackpot overpopulation theories still are with us, even as they are being regularly discredited.Original article: https://mises.org/mises-wire/depopulation-wont-save-us-or-planet
Pages 27-29 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 106-114 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 145-151 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 62-64 in the text, as read by Dr. Floy Lilley.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 129-133 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 55-57 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 137-145 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 40-45 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 70-79 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 79-82 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 118-129 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 90-106 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 54-55 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 82-90 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 114-118 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 134-137 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 12-17 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 64-69 in the text, as read by Dr. Floy Lilley.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 3-12 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 20-27 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 29-33 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 57-62 in the text, as read by Dr. Floy Lilley.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 45-54 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 18-20 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Pages 33-40 in the text.The most powerful case against the American central bank every written. This audiobook edition is narrated by Floy Lilley.
Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor. For Mises, unlike most economists, economics is not merely an 'analytical toolbox' for grading alternative economic policies or economic systems as more or less practical or efficient. Rather, economics is a body of substantive truths about the institutional foundations of human society. Thus, what is at stake in formulating a well-founded and coherent structure of economic theory is not an incremental change in GDP or 'social welfare' but the fate of humanity.
The social engineer attempts to bring about a desired outcome by forcing people to behave in a certain way. Mises sees the engineer and the social engineer as having parallel tasks: one manipulates lumber and iron, the other attempts to manipulate human beings.
To understand Mises's position on ethics, it is essential to bear in mind that he is a psychological hedonist. He thinks everyone is always motivated by pleasure and pain, a view that comes straight from Epicurus. We seek pleasure and avoid pain. You might object that this is obviously false. Don't we do things very frequently like go on restrictive diets, exercise, study subjects that aren't fun, and so on? Mises's answer is that even though we are motivated by pleasure and pain, it doesn't follow that we are motivated by what will give us the most pleasure, or the least pain, at a given moment. We can be motivated by our wish for the most pleasure, or the least pain, over a long period of time.
By applying the law of association to trade at every level (from individuals to general markets to international markets), Mises shows the necessity of free markets for human flourishing. The law of association may be the most difficult economic law to understand because sometimes it leads to counterintuitive conclusions. For example, if a person wants bread, it might be economically better for him to specialize in something else and trade for bread even if he is better at making bread than everyone else.
I thought that before turning to the present-day literature, it would be helpful to take a look at the state of monetary thought at the outset of World War I, in order to appreciate the progress that had been achieved since then. I opened the book at Christmas of 1992 and was in for a great surprise. This old master excelled in clarity of expression, and he had dealt with a subject of immense importance — the nature, causes, and consequences of the subjective value of money. From my previous studies I knew that this topic had not made it into the standard texts in money and banking. Mises demonstrated that this omission had been a grave error.
Lower time preferences are expressed through a decrease in consumption spending, an increase in savings and investment, and a decline in the originary interest rate, while higher time preferences cause the opposite.
All human values are offered for option. All ends and all means, both material and ideal issues, the sublime and the base, the noble and the ignoble, are ranged in a single row and subjected to a decision which picks out one thing and sets aside another. Nothing that men aim at or want to avoid remains outside of this arrangement into a unique scale of gradation and preference. Out of the political economy of the classical school emerges the general theory of human action, praxeology.
Keynesian macroeconomics had displaced Austrian business cycle theory and solidly established itself as mainstream macroeconomics. Meanwhile, most of the economics profession sided against the Austrian School in the socialist calculation debate. By the 1940s, the Austrian School was left behind as economic theory developed. Those who were identified as associated with the Austrian School passed away or drifted toward the mainstream. It is not much of an exaggeration to say that by 1950, Mises was the only remaining active member of the old Austrian School.
Human Action is indispensable for comprehending the operation and consequences of interventionism, which is the least understood economic system. The treatise is the culmination of Mises's long-standing research program, which was to analyze and compare the three possible economic systems—capitalism, socialism, and interventionism—from the viewpoint of which best promotes social cooperation under the division of labor. Almost all contemporary progressives have embraced interventionism as the true path to socialist bliss.
— it was like a light bulb went off in my head, it was incredible. All of a sudden, everything that I had done intellectually for thirteen years came together, with this one idea of Alchian's about the real nature of property rights and the Misesian notion of people making choices.
The Misesian approach starts with the universal, realistic facts of human persons from which the logic of human action can be deduced. In moving from the logic of personal action to the logic of social interaction, praxeology inserts into economic theory the realistic empirical fact of the heterogeneity among (1) human persons; (2) natural resources, including land sites; and (3) capital goods. In contrast, mainstream economists employ a modeling approach. In the name of science, reliance on human judgment is to be expunged from economic analysis. This means formulating theory mathematically to avoid the ambiguities of verbal language, and statistical techniques supplant the human judgments of economists in assessing the relevance of causal factors.
A project P is unprofitable when and because consumers prefer the satisfaction expected from the realization of some other projects to the satisfaction expected from the realization of P. The realization of P would withdraw capital and labor from the realization of some other projects for which the demand of the consumers is more urgent. The layman and the pseudo-economist fail to recognize this fact. They stubbornly refuse to notice the scarcity of the factors of production.
I left him, promising to visit him in Chicago and renew the discussion. But before I could get around to a Chicago trip Hoxie killed himself.
While he was never mentioned in West German economic textbooks, his name figured prominently in Commie East Germany. In one of these textbooks, you could also find some detailed criticisms of Western, so-called bourgeois economics and economists, among them Friedman and Hayek, but in particular also Mises, who was singled out as the most wrongheaded, dangerous, and detestable of them all.
In this episode of Radio Rothbard, Ryan McMaken looks at Rothbard’s essay “Nations by Consent: Decomposing the Nation State.” The essay provides some key insights into the nature of the nation-state, its origins, and implications for modern-day topics like immigration, citizenship, and national borders. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Murray Rothbard argues that the nation-state’s boundaries—invariably acquired by force—deserve no more sanctity than any other product of conquest. He proposes radical decentralization through secession, down to the neighborhood level, as the path to genuine nations formed by consent rather than coercion.
Mark Thornton opens this episode with a strategic assessment of the war’s economic fallout: not the headlines, but the second- and third-order effects that are only now becoming visible. Oil production facilities across the Gulf have been destroyed, disrupted, or shut down, and restarting them is not a matter of flipping a switch. Some older wells will need to be redrilled entirely. Meanwhile, the disruption to fertilizer production threatens the next crop season and potentially longer-term food prices worldwideMark also provides a skyscraper curse update: the Jeddah Tower, once expected to reach record height in early 2027, has been pushed further out as Saudi finances and Gulf logistics are redirected toward reconstruction. The commodity super cycle thesis, he argues, remains fully intact despite the gold correction.The second half features a detailed interview from Palisades Gold Radio in which Mark unpacks these themes further, covering the Austrian micro approach versus the Keynesian macro framework, why the stock market can hit all-time highs while the real economy deteriorates, and why the world is slowly but steadily moving back toward commodity money.2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the new insulated Minor Issues tumbler and three of Mark’s books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
To complain against the state’s actions, argues Hobbes, is to ultimately complain against yourself because you originally authorized the state through social contract and the state represents you!Original article: https://mises.org/mises-wire/hobbess-state-why-are-you-hitting-yourself
Entrepreneurship is a voluntary undertaking that causes change by providing value. No force, no threats, and no coercion are involved. It is market action fully in line with our libertarian ideals. And it provides alternatives, and produces variety. Original article: https://mises.org/misesian/how-change-world-entrepreneurship-versus-politics2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
California has been seen as the nation’s “Promised Land” for many years, but in the past 25 years, people have left due to high housing costs and high taxes. The state’s future is about to become a lot worse, as socialists are rising in power here.Original article: https://mises.org/mises-wire/where-california-went-wrong2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
Of course the president, like everyone, frequently protests his desire for peace. Everyone does this. And I think we may assume he is quite sincere about it.Original article: https://mises.org/mises-daily/president-goes-war
The populist “victory” of the Trump administration is perhaps the best evidence yet that a strategy of “vote harder” is simply not going to lead to any significant change in the power of the regime.Original article: https://mises.org/mises-wire/vote-harder-why-secession-only-answer-american-megastate2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort led to an intervention that strengthened the very oligopoly they set out to fight.Read the article here: https://mises.org/mises-wire/how-antitrust-populists-drove-spirit-airlines-out-business2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt. Original article: https://mises.org/power-market/mbs-slope-n-swap2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
Francis Fukuyama wrote The End of History more than 30 years ago, believing that the fall of the communist bloc would lead to a more peaceful world. We are still waiting for that moment of peace.Original article: https://mises.org/mises-wire/fukuyama-was-wrong-history-did-not-end2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
The government created a market for stolen goods, paid criminals cash for five months, watched robberies spike, arrested everyone at a mafia-themed party, then called it a success because arrests went up. The robberies they subsidized didn't count.Original article: https://mises.org/power-market/when-federal-government-subsidized-robberies2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
Philosopher Matt Zwolinski has declared libertarianism to lack any coherent standards. Zwolinski’s confusion is the result of his rejection of libertarianism as outlined by Murray Rothbard and others based upon free markets based on individual rights.Original article: https://mises.org/mises-wire/libertarianism-incoherent2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/AudioFree
The recent DOJ indictment of the Southern Poverty Law Center might be controversial, but what is not controversial is that the SPLC engaged in conduct that was more reminiscent of the Ministry of Love in 1984 than protecting someone’s civil rights.Original article: https://mises.org/mises-wire/justice-department-indicts-ministry-love
Gold markets have been volatile, to put it mildly, and the drama isn’t over. Unfortunately, governments are so involved in the gold markets that true market prices are hard to find.Original article: https://mises.org/mises-wire/precious-paper-problem-divergence-western-bullion-markets
In the late 1800s, American finally went in search of empire abroad, taking land by force and subjugating people who simply wanted their captors to leave.Original article: https://mises.org/mises-wire/when-america-chose-empire
When the recent NFL draft was held in Pittsburgh, city officials declared bus fares would be free so fans would pack the auditorium where the draft was held. Who would have thought that making scarce goods free would bring about chaos with the bus riders?Original article: https://mises.org/mises-wire/nfl-draft-and-public-buses
It’s not enough for an ideology to merely have a “good argument.” Historical conditions must also combine to delegitimize the regime and its institutions. Original article: https://mises.org/mises-wire/battle-ideas-paves-way-radicals-and-revolutionaries
As the US is involved in yet another pointless war, we would do well to remember the real costs of war, how it strips us of our liberties, and destroys our futures.Original article: https://mises.org/mises-wire/remembering-costs-war
The bulk of the US gold reserves held in Fort Knox are made up of impure “non-standard” bars that don’t qualify for use in international settlements.Original article: https://mises.org/power-market/ft-knox-full-impure-gold-unfit-international-transactions
On the latest episode of Minor Issues, Mark Thornton opens with a detailed analysis of the gold correction. Is the three-month decline a sign that inflation is over, or a temporary reallocation driven by war? The answer is in the data: the CRB commodity index continues to climb, the money supply is at an all-time high, and there is no evidence of deflation anywhere in the price structure. The inflation regime remains firmly in place, and the gold correction is a normal feature of bull markets whose real-world zigzags get smoothed away on long-term charts.The second half features a panel interview from VRC Media with Rick Rule, hosted by Darrell Thomas. Rule lays out the case for a decade-long commodity super cycle driven by 30 years of underinvestment in productive capacity. He delivers a sobering calculation: $39 trillion in on-balance-sheet federal debt plus $120 trillion in off-balance-sheet unfunded entitlement promises (a combined $160 trillion against $170 trillion in total private American net worth). The only realistic resolution, Rule argues, is a “dishonest default,” inflating away the purchasing power of the dollar, just as happened in the 1970s when the dollar lost 75% of its value. Mark concurs, noting that the money supply is growing at record pace even as Washington insists it’s being “restrictive.”Mark’s “Gold vs CRB Index” graph is available here: https://mises.org/MI175_GraphThe original VRIC interview is online here: https://www.youtube.com/watch?v=3kMiiC08TNo20% off listener offer on the new insulated Minor Issues tumbler and three of Mark’s books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The UK does not have an energy problem, it has a freedom problem.Original article: https://mises.org/mises-wire/freedom-upsets-patterns-deregulation-argument-westminster-will-not-have
Ryan McMaken, Jonathan Newman, and Joshua Mawhorter take a look at the politics of “fedspeak” and what officials at the Federal Reserve really mean when they say they’re going to fix the Fed.Related:Jonathan’s Article, “A Look Behind the Fed’s Curtains”: Mises.org/PM43aNYT, “How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets”: Mises.org/PM43b
Luck egalitarians fallaciously declare property and wealth to be illegitimate or at least suspect due to a mysterious, unquantifiable force called luck. Their arguments fail even if what they claim about luck is true.Original article: https://mises.org/mises-wire/luck-fallacy-and-luck-egalitarianism
The old republic is gone. The constitutional order of the Jeffersonian years—that is, the so-called “American experiment”—was swept away long ago.Original article: https://mises.org/mises-wire/we-are-living-fourth-american-republic
The dearth of child-bearing in western countries like the US is seen as a political crisis. Yet, if there is any place in our lives where government should stay out, it is in the area of childbirth.Original article: https://mises.org/mises-wire/tragedy-socialized-fertility
The Trump administration’s downsizing USAID has brought the usual claims: that without US aid, millions of poor people around the world will die of starvation and disease. Not surprisingly, the claims are exaggerated.Original article: https://mises.org/mises-wire/usaid-funded-aid-programs-abroad-mainly-was-jobs-program-progressives
Molinari distinguishes between society, which arises naturally from voluntary human cooperation, and government, which imposes itself through force. He argues that conflating the two leads people to accept unjust authority as a necessary feature of civilized life.
Molinari draws a parallel between monopoly and communism, arguing that both represent departures from the principle of free competition. He shows that a government monopoly on security shares the same economic defects as collectivized production in any other industry.
This section outlines the two fundamental ways a community can organize the production of security: through monopoly or through free competition. Molinari frames this choice as the central political question that determines whether a society will be free or oppressed.
Molinari applies the general principle of free competition directly to the provision of security services. He contends that, just as with bread or iron, the quality of security improves and its cost decreases when multiple producers compete for consumers.
Rothbard introduces Molinari's essay as a pioneering work that took free-market principles to their logical conclusion by questioning the state's monopoly on defense. He situates Molinari within the French liberal tradition and highlights the essay's enduring relevance to libertarian thought.
This section lays out the economic principle that all goods and services are best provided through free exchange governed by competition. Molinari argues that the division of labor and voluntary cooperation form the natural basis of social organization.
In his concluding argument, Molinari envisions a society where security is provided by competing private firms chosen voluntarily by consumers. He contends that such a system would deliver better protection at lower cost while preserving individual freedom.
Molinari describes the inevitable consequences of monopolized security: rising costs, declining quality, and the use of force against the very citizens the government claims to protect. He illustrates how monopoly governments tend toward oppression and fiscal exploitation.
Molinari confronts the common objection that security is somehow different from other goods and must be exempted from market provision. He systematically challenges the reasoning behind treating defense as a unique case requiring government monopoly.
This section traces how governments historically established and maintained their monopoly over the production of security. Molinari describes how coercive control over defense led to the familiar abuses of taxation, war, and the suppression of individual liberty.
This section critiques the justifications used to legitimize government monopoly, from the divine right of monarchs to the sovereignty of democratic majorities. Molinari argues that majority rule is no more legitimate than royal absolutism when it violates individual rights.
Molinari opens by establishing that humans have a fundamental need for security of their persons and property. He frames security as a commodity like any other, one that must be produced and supplied to satisfy this universal demand.
There are fuel protests in Ireland, which are not surprising given the havoc Trump’s Iran war has caused in oil markets. They also should be protesting against the government policies that make the situation worse.Original article: https://mises.org/mises-wire/fuel-protests-ireland-their-lights-and-shadows
Ryan McMaken breaks down what the economic data is actually saying beneath the headlines. The money supply has grown by a trillion dollars in seven months, while the Fed insists policy is tight. Q4 GDP was quietly revised down to 0.5%. Consumer confidence is at multi-decade lows. And the stock market keeps hitting new highs.Ryan explains why these aren't contradictions. They're symptoms of the same underlying problem: a bubble economy sustained by continuous liquidity injections since 2009 that the Fed has never unwound and never will. He draws a striking parallel to Britain's 1956 Suez Crisis, when an expensive military operation accelerated the decline of sterling as the global reserve currency, and asks whether the Iran war is doing the same to the dollar.The original episode is available at https://www.youtube.com/watch?v=-mX0I97xAak
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.Original article: https://mises.org/mises-wire/case-against-free-bankers
“There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom.”This essay was first published as a monograph in 1938. At the time, Garet Garrett was well established as a financial writer for the Saturday Evening Post. This essay reflects his view—also explored in his essay “Rise of Empire”—that the United States by the late 1930s had already completed its transformation into an administrative state with imperial ambitions. Those who were looking to the future for a coming anti-freedom revolution, Garrett noted, “are gazing in the wrong direction.”Original article: https://mises.org/mises-daily/revolution-was
The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.Original article: https://mises.org/mises-wire/right-self-determination
Under a system of private ownership, in which the government’s only function is to protect property rights, it is immaterial where the frontiers of people’s country are drawn.Original article: https://mises.org/mises-daily/economic-causes-war
While there is a public uproar about China having access to the work of American scientists, there is a bigger issue at stake: Is science “owned” by “the public”? If not, why are we so worried about the Chinese?Original article: https://mises.org/mises-wire/if-science-public-good-let-china-pay-it
Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.Original article: https://mises.org/power-market/those-big-beautiful-bonds
Had the United States pursued a policy of economic freedom with respect to energy production over the last thirty years, the conditions for OPEC’s success as a cartel would never have been present in the first place.Original article (September 18, 2001): https://mises.org/mises-daily/free-markets-would-be-opecs-undoing
We are told that it takes “eternal vigilance” to protect our freedom. But what if the entity taking away our freedom has the weapons and the “law” on its side?Original article: https://mises.org/mises-wire/problem-eternal-vigilance
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.Original article: https://mises.org/mises-wire/when-chicken-isnt-just-chicken
On this episode of Minor Issues, Mark Thornton shows what most economic commentary misses: the market’s intricate structure of production. Starting with a single oil-and-gas byproduct—sulfur—Mark traces how it becomes sulfuric acid, a foundational input for fertilizers, batteries, and especially metal mining. The lesson is practical: war and intervention can disrupt these unseen links, shrinking real incomes and quietly raising the cost of everything from food production to data centers, and even your next plumbing bill.In the second part of the episode, Mark features his recent interview on The Julia La Roche Show.20% off listener offer on the new insulated Minor Issues tumbler and three of Mark’s books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.Original article: https://mises.org/mises-wire/next-food-pyramid-lab-grown-meat-and-new-moral-orthodoxy
With President Trump demanding people in the armed forces as well as in other government offices do his bidding no matter what the law might be, it is time for people to learn the lesson of Captain Vere.Original article: https://mises.org/mises-wire/god-bless-captain-vere-when-constitutional-duty-yields-institutional-power
Our own Jonathan Newman had the opportunity to sit down with a Federal Reserve governor. The central banker’s answers to Newman’s questions were evasive and riddled with contradictions. It seems there is not much behind the Fed’s technocratic veneer.Original article: https://mises.org/mises-wire/look-behind-feds-curtains
The conservatives finally got their populist victory for middle-American working-class voters. The result is more federal spending, more federal power, and Israel-first foreign policy. Original article: https://mises.org/mises-wire/why-trumps-populism-failed
Just as, for them, liberty must be the highest political end, peace must be the highest end of foreign policy.Original article: https://mises.org/mises-daily/libertarians-must-never-warm-warfare-state
A foreign policy that seeks to maintain a global empire is entirely incompatible with the laissez-faire, free-market system at home that many hawkish self-described libertarians claim to support.Original article: https://mises.org/mises-wire/rothbard-was-right-libertarians-must-never-warm-warfare-state
President Trump is not only angering Iranians and most of Europe. He also is making new enemies in both North and South America. Perhaps it is time for policy reset.Original article: https://mises.org/mises-wire/trumps-foreign-policy-latin-america-and-caribbean-needs-strategic-reset
According to Rothbard’s first law of incidence, “no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax. Original article: https://mises.org/mises-wire/who-pays-hormuz-toll
In dealing with the question of why the United States, a country founded on liberty, turned into a militaristic behemoth, Ralph Raico looked to the work of historian Arthur Ekirch for answers.Original article: https://mises.org/mises-wire/raico-ekirch-and-tragedy-american-militarism
Ludwig von Mises Mises argues in Nation, State, and Economy that nationalism is compatible with economic and political liberty if it is peaceful, based on self-determination as an individual right.Original article: https://mises.org/mises-wire/peaceful-nationalism-foundation-economic-liberalism
On this Minor Issues episode, Mark Thornton shares his recent interview with “Pinnacle Digest” host Aaron Hodnett. Mark uses Austrian business cycle theory to explain how “cheap money” distorts investment and leaves a fragile financial system that eventually has to correct. They dig into timing and market signals, what might finally expose the long-running “papered-over” boom, and how the Federal Reserve and policymakers typically respond when the cycle turns.20% off listener offer on the new insulated Minor Issues tumbler and three of Mark's books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
On this episode of Power and Market, Ryan, Tho, and Connor discuss Fed drama, plummeting consumer sentiment, and how the American economy is becoming increasingly like a casino.
Those who invoke Jesus for socialism face a tension: if the power to end suffering creates a moral obligation, then the Jesus who healed many but not all appears, by that standard, either unwilling or unable.Original article: https://mises.org/mises-wire/jesus-and-christian-socialists-problem-evil
As the socialistic Canadian medical system runs aground, the government actively promotes physician-assisted suicide as a way to save the system and promoting “die with dignity” at the same time.Original article: https://mises.org/mises-wire/assisted-suicide-logical-outcome-government-controlled-medical-care
The Trump administration continues its bellicose war against Iran, destroying opportunities for prosperity through meaningful commerce along the way.Original article: https://mises.org/mises-wire/war-and-trade-restrictions-fallacious-paths-national-security-and-prosperity
of your money. Same philosophy, three centuries apart. Charles Adams traced the line from the Sun King to the IRS. Recorded at the Mises Institute Supporters Summit in Palm Springs, California, February 27-28, 1998.
This Tax Day, as the American public reflects on what our government is using our money for, there is growing opposition to the behavior of the Israeli government. Yet we’re all still forced to send it some of our hard-earned tax dollars. Enough.Read the article here: https://mises.org/mises-wire/american-people-should-not-be-forced-fund-israels-atrocitiesBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
While Tax Freedom Day is mid-April, Rothbard’s measure of the government’s fiscal burden reveals that Americans don’t truly start working for themselves until June 5, over seven weeks later.Original article: https://mises.org/power-market/tax-freedom-day-underestimates-how-long-you-work-government
It took centuries to end the idea that taxes kept the privileged class in comfort and financed their wars. But now we’re told taxes = civilization.Original article: https://mises.org/mises-daily/taxation-robbery
The only tax plan worth trusting is one that cuts an existing tax—not one that invents a new way to loot you.Recorded 15 January 2005 at The Trouble with Taxation Conference, Charlottesville, Virginia.
Shakespeare knew it. Francis Bacon documented it. And Paul Cantor—who studied with Ludwig von Mises as a teenager—traced taxation's wreckage all the way from Henry VII's tax revolts to the death of John Keats. The perfect lecture for Tax Day.Recorded 15 January 2005 at The Trouble with Taxation Conference, Charlottesville, Virginia.
There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.Original article: https://mises.org/mises-wire/artificial-liquidity-brings-inflation-shocks
In this time of war and uncertainty, we should expect to see the prices of precious metals rise and fall and the only certainty will be uncertainty.Original article: https://mises.org/mises-wire/precious-metals-work
All too often, judges allow sentiment to override the Constitution. While they might refer to a “living Constitution,” what they really mean is that they don’t permit the law to get in the way of their worldviews.Original article: https://mises.org/mises-wire/danger-allowing-good-intentions-override-constitution
Mises described the problem, Hayek proposed the direction, Kirzner explains why the market will not stop. And the market, as so many times before, has already found the first step.Original article: https://mises.org/mises-wire/ex-nihilo-no-more
John Williamson, who passed away five years ago, is known for creating what was called the “Washington Consensus,” which was an attempt to bring a liberal economic order to poor countries looking to transition from socialism to capitalism.Original article: https://mises.org/mises-wire/memory-creator-washington-consensus
As the Marxians do not admit that differences of opinion can be settled by discussion and persuasion or decided by majority vote, no solution is open but civil war.Original article: https://mises.org/mises-daily/marxism-vs-majority
Late last year, German lawmakers passed new legislation paving the way for military conscription.Original article: https://mises.org/power-market/germany-restricts-emigration-prevent-young-men-escaping-military-draft
People readily line up on one side or another of great economic debates. How do they choose which side to take?Original article: https://mises.org/power-market/why-i-side-ludwig-von-mises
President Trump’s current war with Iran not only is creating economic havoc around the world, but it is also bleeding US taxpayers. There are no good outcomes here.Original article: https://mises.org/mises-wire/state-wars-bleed-nation-death
Mark Thornton unpacks a counterintuitive correlation: as the Persian Gulf conflict escalates, oil spikes while gold and silver slide. He explains how higher oil feeds the CPI, locks central banks out of rate cuts, and pressures precious metals through the dollar and petrodollar system, distinguishing the real monetary inflation gold tracks from the statistical indexes driving Fed decisions. Stick around for a wide-ranging Commodity Culture interview with Jesse Day on the festering world war and the path back to hard money. Plus, an update on the 2026 stocks-vs-MOO prediction contest (fertilizer is running away with it).20% off listener offer on the new insulated Minor Issues tumbler and three of Mark's books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Parental obligations can’t be reduced to a contractual or property-based relationship. Jake Desyllas joins Ryan McMaken to talk about why parents are responsible for the well-being of their children. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On this episode of Power and Market, Ryan, Connor, and Tho look at the updates on the Iran war front, including whether or not a ceasefire will last and recent reporting on Israel’s influence on Trump’s war decision. Plus, discussion about a recent Tucker Carlson Show guest and his view that Christianity is inherently socialist.
as used in colonial America.Original article: https://mises.org/mises-wire/note-currency-colonial-america
The New York Times claims that the “administrative state”—that is, governance by unelected bureaucrats—protects our country and enhances democracy.Original article: https://mises.org/mises-wire/turns-out-elites-administrative-state-better-democracy
The US finds itself once again in an undeclared overseas war. Republicans in Congress, however, are unwilling to hold Trump to the Constitution.Original article: https://mises.org/mises-wire/donald-trump-another-bismarck
This war is not just making energy more expensive, it’s knocking out the higher order goods the global structure of production depends on. This has already locked in dangerous shortages in critical industries like healthcare, food production, and much more.Read the article here: https://mises.org/mises-wire/economic-destruction-trumps-war-goes-far-beyond-high-gas-pricesBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.Original article: https://mises.org/mises-wire/money-laundering-and-oliver-bulloughs-new-pearl-clutching-book
John Denson argues wars are sold with patriotic myths—then used to centralize power—and that honest history is the antidote to the “imperial presidency” and permanent war.Recorded at the Mises Institute in Auburn, Alabama, in June 2001.
Over the centuries, many academic institutions and publications have played their role in the good work of defending freedom. The Mises Institute does this today. Original article: https://mises.org/mises-wire/rothbard-mises-institute-and-battle-ideas
Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.Original article: https://mises.org/mises-wire/irresistible-promise-john-law
What happens when a corporation resists a government edict because company leaders believe the policy to be morally wrong? The ordeal of Anthropic is a current case in point.Original article: https://mises.org/mises-wire/when-corporations-resist-state-ethics-ai-and-limits-government-power
In this lecture from the 2026 Libertarian Scholars Conference, Ryan McMaken looks at how the old classical liberal program of democracy and constitutions has failed, and why we need a more realist view of the state and its many crimes. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On the latest episode of Minor Issues, Mark Thornton shares his interview with Charlotte McLeod of Investing News Network, unpacking the sharp swings in gold and silver since late 2025. Mark connects the selloffs to a tightening business cycle and a growing liquidity crunch, and explains how Middle East conflict and changing energy settlement patterns threaten the petrodollar narrative.Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.Original article: https://mises.org/mises-wire/myth-wont-die-war-good-economy
However one may turn the matter, one cannot discover any reason why an ideological distortion of truth should be more useful to the bourgeoisie than a correct theory.Original article: https://mises.org/mises-daily/ideological-impregnation-thought
Despite the claims of the chartalists and modern monetary theory advocates, early American monetary history tells a much different story. In fact, much of the historical evidence illustrates Menger’s theory.Original article: https://mises.org/mises-wire/barter-media-exchange-and-colonial-america
Government corruption isn’t an anomaly. It is part of the system itself. We should expect government to be corrupt. Free markets are the antidote to this corruption.Original article: https://mises.org/mises-wire/corruption-system
The existence of the arsenal makes the State of Israel ineligible for US aid under US law. This is a problem for US supporters of military and economic aid to the State of Israel. Original article: https://mises.org/mises-wire/why-us-regime-pretends-israels-nuclear-weapons-dont-exist
The real founders of economic science actually wrote hundreds of years before Adam Smith. Original article: https://mises.org/mises-wire/true-founders-economics-school-salamanca
By opposing justice and throwing aside the facts of hard science, the Duke faculty and administration damaged all of higher education during the infamous lacrosse hoax.Original article: https://mises.org/mises-wire/duke-faculty-and-administration-damaged-intellectual-foundations-higher-education
The process of naturalization is a government-created “right” with no basis in property rights. In other words, there is no libertarian case for birthright citizenship. Original article: https://mises.org/mises-wire/there-no-property-rights-case-birthright-citizenship
For Rothbard — as for Locke — it is not the use of force that is disputable, but the use of force against peaceful and innocent people.Original article: https://mises.org/mises-wire/ethics-state-and-just-war-some-notes-rothbards-libertarianism
America’s industrial revolution didn’t just happen. It came about because of the free market initiatives that came from the Andrew Jackson presidency.Original article: https://mises.org/mises-wire/how-jacksonians-caused-americas-industrial-revolution
Foreign policy scholar Brandan Buck join Ryan McMaken to talk about whether or not a US tactical victory in Iran can lead to a strategic victory as well. And what does victory for the Iranian state look like? Are there any prospects for a lasting peace? Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.Original article: https://mises.org/mises-wire/atlanta-tsa-and-test-case-interventionist-non-intervention
When accusations of rape and assault were made against Duke University’s lacrosse team in 2006, both the Durham City Police and District Attorney Michael Nifong engaged in law breaking to indict three young men that clearly were innocent.Original article: https://mises.org/mises-wire/durham-police-and-prosecutors-committed-numerous-crimes-duke-lacrosse-case-and-escaped-meaningful-punishment
The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.Original article: https://mises.org/mises-wire/cheap-calories-expensive-consequences-how-federal-policy-contributes-chronic-disease
Mainstream finance regularly confuses finance, insurance, and betting. The Austrian School provides the tools to understand their differences.Original article: https://mises.org/mises-wire/mistaken-identity-prediction-markets
Murray Rothbard’s system was built upon the natural rights of individuals, and tying liberty to property and ownership, not collectivism.Original article: https://mises.org/mises-wire/individualism-rothbards-natural-rights-libertarianism
Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.Original article: https://mises.org/mises-wire/iran-war-brings-more-inflation-and-new-strength-yuan
America has a long history of vibrant small business. But small business went into decline in the twentieth century, and it wasn’t just due to large scale industrialization. Government has played a big role. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Hayek and Mises warned that centrally planned economies fail, and that intervention breeds inflation, instability, and boom-bust cycles. Yet socialism is trendy again, and politicians still think they can “manage” the economy. Ryan McMaken joins John Stossel to explain why Hayek and Mises matter now more than ever.The original Stossel TV interview is available at https://youtu.be/WxW7JRc414Y
to positivist methodology. He reclaims scientia as “correct knowledge,” and defends the idea that economics and the social sciences can be rigorously scientific through sound reasoning about purposeful human action, without pretending to be physics.
On this episode of Minor Issues, Mark Thornton replays two short interviews: one recorded with Daniela Cambone weeks before the outbreak of war in the Middle East, and another with Dunagun Kaiser recorded days ago as the conflict escalates. Mark breaks down why precious metals are unusually volatile, how war and interventionism collide with inflationary fiat regimes, and why rising interest rates and commodity prices point to a more dangerous long-run trend. He also connects the dots between the Fed’s “liquidity” talk, a deeper leverage problem in finance, and the way wars can be used to divert attention from economic failures at home.Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Combining binary and triangular interventions, the state coercively taxes citizens to pay for its services, monopolizes certain services, and then is incentivized to engage in paid non-delivery.Original article: https://mises.org/mises-wire/its-not-anarcho-tyranny-its-interventionist-non-intervention
Neo-Malthusian Paul Ehrlich recently passed away, but not before his false doomsday claims made his a very wealthy man. Original article: https://mises.org/mises-wire/remembering-paul-ehrlich-even-if-we-would-rather-not
Leftists sarcastically asking where the money for this war will come from are right about the GOP’s hypocrisy, but wrong to imply that it actually means there's plenty to spend on all these government programs. We can’t afford any of this.Read the article here: https://mises.org/mises-wire/no-we-cannot-afford-war-iran-eitherBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Generations of scholars come and go; a few, including Roger Garrison, make their mark on the field and inspire future generations to do the same.Original article: https://mises.org/power-market/roger-garrison-and-sustainable-growth-austrian-school
As we continue to celebrate the centennial of the birth of Murray Rothbard, Wanjiru Njoya reminds us that he never compromised his principles and stood for liberty throughout his all-too-brief life.Original article: https://mises.org/mises-wire/rothbard-never-abandoned-his-principles
Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do not explain it. Only the Austrian theory of time preference correctly explains interest.Original article: https://mises.org/mises-wire/popular-interest-rate-theory-describes-fails-explain
Modern academic historians have been captured by the cultural Marxists, no matter how much they deny the obvious truth.Original article: https://mises.org/mises-wire/cultural-marxism-masquerading-true-history
As war drums beat again, this time against Iran, we ask ourselves if recklessness from Donald Trump and European and Israeli leaders is pushing us to catastrophe.Original article: https://mises.org/mises-wire/another-stone-age-making
Market, Ryan, Connor, and Tho look at the economic fallout from the war in Iran. How has Iran been able to control the Strait of Hormuz? How might central bankers react? And draft talk out of Washington? Tune in to hear about this and more, as well as a preview of next week’s Libertarian Scholars Conference and Austrian Economics Research Conference.
The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses of the central state. Allowing the central state to have a monopoly on coercive power is always a mistake. Original article: https://mises.org/mises-wire/only-power-can-check-power
The Duke Lacrosse Case would never have been a legal item had not the police and prosecutors of the case lied and broken the law on numerous occasions. Here is a small sampling of the lies they told.Original article: https://mises.org/mises-wire/duke-lacrosse-case-20-years-later-how-durham-law-enforcement-promoted-criminal-conspiracy
As recent history shows, there are few things more courageous for a president to do than face down the ever-accelerating, wealth-draining, conflict-amplifying warfare state in DC. Trump has decided to go in the opposite direction.Read the article here: https://mises.org/mises-wire/launching-war-iran-was-no-act-courageBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The Trump White House can’t decide on a reason for why it went to war. But one goal is clearly regime change. Ryan McMaken and Zachary Yost discuss the many obstacles to this unlikely outcome. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On the latest episode of Minor Issues, Mark Thornton appears on Arcadia Economics with Chris Marcus during a volatile week for gold and silver amid the escalation with Iran. They unpack the risks and “unintended consequences” of the conflict, along with what all of this means for markets, the dollar, and investor psychology. Mark closes with a hard look at the Fed-fueled, fifteen-year bubble of credit and debt, the growing stress in sovereign debt markets, and why central bankers can’t “magic away” the structural problems that created this mess.The original episode is available at https://www.youtube.com/watch?v=MQn1GenrMyQOrder a free paperback copy of Hayek for the 21st Century by F. A. Hayek: https://mises.org/Hayek21Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
As we celebrate the Centennial of the birth of Murray Rothbard, we look at his commentary on the American Revolution, where it promoted liberty and where the creation of the Constitution became liberty’s roadblock.Original article: https://mises.org/mises-wire/rothbard-and-american-revolution
Sponsored by Furman Conservative Students for a Better Tomorrow, 25 February 2012 at Furman University; Greenville, SC.
The current US conflict with Iran has its roots in the CIA-backed coup in 1953, which removed a democratically-elected prime minister and replaced him with the Shah. The Shah’s government ultimately collapsed, leading to the current Islamic republic.Original article: https://mises.org/mises-wire/operation-ajax-1953-cias-template-and-warnings-today
When it comes to foreign policy, what matters are powerful interest groups. The ordinary voters who pay all the bills don't matter. The interest groups pushing for pro-Israel wars in the Middle East are especially powerful.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
It has been 20 years since the Duke Lacrosse Case dominated the news media. It was a story in which false narratives of guilt pushed by corrupt police and prosecutors, radical members of Duke’s faculty, and the legacy media nearly railroaded three innocent men into prison.Original article: https://mises.org/mises-wire/duke-lacrosse-case-exposed-rot-higher-education-media-and-justice-system
Those who believe in the free and unhampered market economy should be especially skeptical of war and military action. War, after all, is the ultimate government program.Original article: https://mises.org/mises-wire/rothbard-and-war
The problem with this new campaign in Iran is not merely that it will likely have bad near-term consequences, but that it represents the American government doubling down on the imperial project that is causing our accelerating national crisis.Read the article here: https://mises.org/mises-wire/trumps-war-iran-even-more-disaster-people-realizeBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The current war is a timely reminder that the US ruling elites regard the US taxpayers and ordinary Americans as little more than inconvenient afterthoughts in US foreign policy.Original article: https://mises.org/mises-wire/iran-war-exposes-farce-american-representative-democracy
Into the heart of the peasant and nomadic Arab world of the Middle East there came, on the backs and on the bayonets of British imperialism, a largely European colonizing people.Original article: https://mises.org/mises-wire/war-guilt-middle-east
Are we emphasizing “the negative”? In a sense, yes, but what else are we to stress when our values, our principles, our very being are under attack from a relentless foe?Original article: https://mises.org/mises-wire/fight-liberty-and-beltway-barbarians
On this episode of Minor Issues, Mark Thornton appears on Reinvent Money with Paul Buitink for a “state of the system” conversation. Mark breaks down the US economy as an “everything bubble,” explains what’s really behind the trade deficit and the dollar’s reserve status, and grades Trump’s first-year economic agenda. He closes with a practical Austrian roadmap toward sound money: real savings, capital accumulation, and removing tax penalties on interest, dividends, and long-term gains.The original episode is available at https://www.youtube.com/watch?v=mgqsHCQxSrwOrder a free paperback copy of Hayek for the 21st Century by F. A. Hayek: https://mises.org/Hayek21Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
On this episode of Power and Market, we feel compelled to discuss this week’s State of the Union speech. Ryan and Tho are joined by Dr. Jonathan Newman to provide some historical context to the event and what, if anything, actually matters from the speech.
When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.Original article: https://mises.org/mises-wire/massachusetts-1690-first-western-fiat-experiment
Dr. Per Bylund contrasts the futility of politics with the quiet power of entrepreneurship, showing how innovative businesses like Uber and Amazon actually dismantle regulations, reshape institutions, and push the state back more effectively than any protest movement or election.Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Dr. Keith Smith recounts how the Surgery Center of Oklahoma and the Free Market Medical Association are exposing the hospital–insurance cartel—posting honest, bundled prices, triggering price wars, and proving that free-market medicine can deliver higher quality care at a fraction of the cost.Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Ryan McMaken traces the rise and squeeze of America’s small business economy, showing how tariffs, industrial policy, the Fed, and “too big to fail” bailouts systematically tilt the field toward big corporations and away from independent entrepreneurs and the middle class.Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Dr. Peter Klein explores whether AI can ever replace human entrepreneurs and central planners, arguing from Mises’ calculation problem that even “thinking machines” can only mimic, not originate, the real-world judgment and ownership that markets require.Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Dr. Timothy Terrell explains how entrepreneurs and property rights can protect forests, wildlife, and open spaces better than bureaucracies, using real-world examples of “enviropreneurs” who profit by conserving nature instead of exploiting it.Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
We are told that the Bill of Rights is the bedrock of our freedom, yet this same Bill of Rights ultimately has been used as a weapon against state sovereignty and against our individual rights.Original article: https://mises.org/mises-wire/bill-rights-against-states
The current outburst of protests against President Trump’s enforcement of immigration laws is overshadowing a question that is not being asked: Can we defend having national borders in the first place?Original article: https://mises.org/mises-wire/defense-national-borders
Human action involves people engaging in unique events in which outcomes often are uncertain, when expertise and planning often do not give us the results we anticipate.Original article: https://mises.org/mises-wire/we-act-world-uncertainty-not-probabilities
In a truly free market, there is no class conflict. In the presence of the state, however, things are different because various groups jockey with each other to gain the favor of state agents.Original article: https://mises.org/mises-wire/class-conflict-jacksonians-and-exploitation
The rise of the grooming gangs in Great Britain and the refusal of Britain’s Labor government to intervene speaks volumes about the contempt that British political elites have for their laws and the people who must live under a regime of anarcho-tyranny.
If the Iranian regime were truly trying to sacrifice their entire country to commit a nation-level nuclear murder-suicide against Israel and the US, they would be acting very differently.Read the article here: https://mises.org/mises-wire/trumps-iran-buildup-based-lieBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Ryan McMaken joins John Stossel to grade President Trump’s first year of his second term. They walk through the biggest issues shaping the country—government efficiency, spending and the national debt, trade and tariffs, energy policy, and border enforcement—highlighting where the administration has delivered, where it’s fallen short, and what the long-term implications may be. What’s changed, what’s hype, and which moves actually matter beyond the headlines?The original Stossel TV interview is available at https://www.youtube.com/watch?v=0gRsyByPLLQ
Governments at all levels abuse their “privilege” of eminent domain, the taking of private property for government use. Murray Rothbard understood that government was not justified to seize property for such use in the first place.Original article: https://mises.org/mises-wire/rothbard-and-eminent-domain-confused-history-and-legal-sleight-hand
On this special episode of Minor Issues, Mark Thornton shares his recent interview with Darrell Thomas on VRIC Media. Mark explains how Keynesian ideas normalized chronic deficits and a debt-financed state. They discuss tariffs and policy volatility, how inflation has been partly masked by cheap imports, and why distorted price signals hit entrepreneurs and small businesses hardest. The conversation also covers rising interest costs, pressure for renewed yield-curve suppression, and what it all implies for gold, silver, and commodities.The original episode is available at https://www.youtube.com/watch?v=eI9Y-lITpnQPurchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Before Murray Rothbard, there was Albert Jay Nock laying intellectual broadsides against the tyranny of the state. While Nock (unlike Rothbard) never called for total abolishment of the state, he did want as minimal a state as could be had.Original article: https://mises.org/mises-wire/nocks-war-state
AI is not the killer—it is the coroner.Original article: https://mises.org/power-market/end-artificial-employment
Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.Original article: https://mises.org/mises-wire/antebellum-federal-protections-slavery
On this episode, Mark Thornton offers a practical “seven-word” framework for navigating economic life, especially when policy chaos and uncertainty make long-term planning harder. Mark connects everyday action (work, learning, planning, saving, spending, giving, and prayer) to core Austrian themes: purposeful choice, psychic profit, time preference, entrepreneurship under uncertainty, and the distortions created by inflation and debt-driven policy.Donate today to celebrate 20 years of Mises Media on YouTube. Donate $30 or more and we’ll send you a free, physical copy of Hunter Lewis’s book, Crony Capitalism in America: http://mises.org/youtube20Additional Resources“Billionaires, Workers, and the Exploitation Theory” by Bob Murphy (Human Action Podcast, Episode 534): https://mises.org/MI_164_AHuman Action by Ludwig von Mises: https://mises.org/MI_164_BMan, Economy, and State by Murray N. Rothbard: https://mises.org/MI_164_CThe Quotable Mises edited by Mark Thornton: https://mises.org/MI_164_DOrder a free paperback copy of Hayek for the 21st Century by F. A. Hayek: https://mises.org/Hayek21Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Italian economist Bernardo Ferrero joins Ryan McMaken to discuss the state of European politics over taxes, spending, inflation, and fiscal and monetary policy. Do Europeans claim to care about deficits and debt like Americans? Ferrero is a PhD candidate in economics at Universidad Rey Juan Carlos in Spain. He is also the co-author of The Pandemic and Central Planning (Pandemia e dirigismo) available, in Italian, at Amazon. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Market, Ryan, Connor, and Tho celebrate Presidents' Day by talking about the best and worst presidents in American history.
Few Americans today realize that until the passage of the 17th Amendment in 1913, US senators were appointed by their state legislatures, not by popular vote. This development had an unfortunate effect upon US politics, further damaging the original federalist governing arrangement.Original article: https://mises.org/mises-wire/senate-and-loss-mixed-government
Even though Cuba poses no threat to the U.S., the Trump administration continues its criminal policies of sanctions and other restrictions in an attempt to foist “regime change” on the country.Original article: https://mises.org/mises-wire/us-actions-toward-cuba-are-criminal
The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.Original article: https://mises.org/mises-wire/surviving-capitalism-scarcity-advantage
While the Voter ID debate consumes the airwaves with political debate, the real issue is not who is elected, but the unelected elites that hold power. Even if Voter ID passes, the new law will not change the real structure of power.Read the article here: https://mises.org/mises-wire/voter-id-common-sense-it-wont-fix-anythingBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The American empire—with its global military footprint and permanent war economy—cannot be financed through honest taxation without provoking revolt.Original article: https://mises.org/mises-wire/monetary-decay-and-imperial-survival
Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes the boom-bust cycle. It remains an important classic in Austrian economics.Original article: https://mises.org/mises-wire/why-misess-theory-money-and-credit-still-important-today
The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it with coercive government acts.Original article: https://mises.org/mises-wire/why-we-should-repeal-civil-rights-act
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about “small industry” between big business and propertyless workers. Original article: https://mises.org/mises-wire/brief-history-petite-bourgeoisie
for a wide-ranging, long-form conversation, starting with gold and silver’s run-up and sudden correction, zooming out to inflation, saving, and why Austrian economics matters for everyday life. Watch the original interview at https://livingyourgreatness.org/podcastOrder a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Joshua Mawhorter joins Ryan and Connor to talk about the dueling Super Bowl Halftime Shows, the latest jobs report, and Trump’s deadly and counterproductive deportation operation in Minnesota.Don’t forget, the Mises Institute’s first event is coming up on February 21st in Oklahoma City. Join us for a look at Entrepreneurship Beyond Politics: https://mises.org/events/entrepreneurship-beyond-politics-mises-circle-oklahoma-cityAre you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. Click here for more details: https://mises.org/events/research-fellowship-residence-2026
If one man may legally own another, then he should likewise have the right to disown this property. To deny this right by law involves simultaneously affirming the right of one human to own another as his property but not the right to stop owning another human.Original article: https://mises.org/mises-wire/olaudah-equianos-manumission-regulatory-barriers-freedom
Pundits are claiming that the demise of the Washington Post will weaken democracy and provide a boost for government corruption. As usual, the pundits are badly mistaken.Original article: https://mises.org/mises-wire/turmoil-washington-post-does-not-threaten-democracy
The similarities between the EU and the USSR are striking, and they are not just a coincidence. Original article: https://mises.org/mises-wire/european-union-now-resembles-soviet-union
Statists love to claim that government services would be better if only they were “fully funded.” However, given their nature, government services always will be seen as “underfunded” no matter how much money politicians throw at them.Original article: https://mises.org/mises-wire/are-government-services-underfunded
Mark Thornton lays the groundwork for understanding gold and silver before politics gets involved. Mark explains why monetary metals emerge from market “evolution,” how their non-consumptive use creates massive above-ground stocks, and why the same metal serves multiple markets (money vs. consumption) with one price. He explains how demand shifts trigger conservation and recycling, why new mining lags price spikes, how “near-monies” substitute when people economize on cash balances, and why any apparent stability (even par relationships) reflects underlying market conditions, not decree. Today’s price volatility is largely the artifact of intervention, not the metals themselves.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Ryan and political scientist Joseph Solis-Mullen talk about how taxes, war, and the state are all part of a centuries-old formula for impoverishing the productive class while enriching the government class. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The yearning for a state-controlled system is not born of compassion for others but rather of infantile selfishness.Original article: https://mises.org/mises-wire/economics-and-infantilization-culture
“Science” is now indistinguishable from politics. As the “acid rain” hysteria showed back in the 1970s and 1980s, “follow the science” is just a political slogan, unrelated to actual science.Original article: https://mises.org/mises-wire/acid-rain-scare-and-science-industrial-complex
Once upon a time, American firms built with the long term in view, and the government did not try to hinder them. Today, thanks to reckless federal government spending, we are living hand-to-mouth, accumulating massive debts, and soon enough will be broke.Original article: https://mises.org/mises-wire/going-broke
“The Civil War was really the watershed,” he wrote Meyer. “Lincoln was America’s first dictator, and almost all the Republican Acts were monstrous.”Original article: https://mises.org/mises-wire/letters-frank-meyer-reveal-rothbards-views-lincoln-slavery-and-popular-sovereignty
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
Hayek for the 21st Century: Essays in Political Economy brings together Friedrich Hayek’s most powerful essays on the knowledge problem, competition, socialism, and honest money—showing why his ideas are more relevant today than ever. From his devastating critiques of central planning to his insights on decentralized knowledge and market signals, Hayek dismantles the myths of state control with clarity and force. These essays offer essential tools for understanding liberty, spontaneous order, and the perils of political overreach.Narrated by Bill Anciaux.
The recent assassination of Charlie Kirk has focused attention on political violence. Ludwig von Mises, not surprisingly, understood that tying morality to politicized state helps create the climate where political violence is prevalent.Original article: https://mises.org/mises-wire/mises-separating-morality-and-state
During the Middle Ages, taxation was considered to be appropriate only as an extreme measure in times of emergency, and as a last resort. Kings were expected to subsist on revenues from their own private property.Original article: https://mises.org/mises-wire/why-taxes-were-so-hated-middle-ages
Leftists seek to create a new society that supposedly is peaceable. However, they also celebrate violence done against political opponents, something that Murray Rothbard understood as undermining every supposed peaceful goal they claim to be pursuing.Original article: https://mises.org/mises-wire/individualism-and-violence-identitarian-left
On the latest episode of Minor Issues, Mark Thornton uses vitamin K2 (MK-7) as a case study in how technocracy goes wrong, elevating cutting-edge findings and bureaucracy over experience, incentives, and real-world diets. Mark explains why K2 is linked in emerging research to bone health, arterial calcification, and even neurodegenerative conditions, and highlights a paradox: many food sources rich in K2 (beef, eggs, butter, chicken liver, European cheeses, salami) are officially discouraged, while “approved” sources (natto, kefir, sauerkraut) are niche. The takeaway isn’t medical advice, it’s a critique of a compliance-driven health regime that sidelines decentralized knowledge and choice.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
A long-enduring myth about money is that we need a flexible or “elastic” currency for the economy to grow. Economist Jonathan Newman joins us to talk about why this has never been true. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic growth was accompanied by deflation.Original article: https://mises.org/mises-wire/inflation-and-economic-growth
Advocates for US military intervention have invoked the war against the Barbary pirates as justification. Yet, an examination of that conflict shows that President Jefferson’s actions were limited and followed the direction of Congress.Original article: https://mises.org/mises-wire/jeffersons-war-barbary-pirates-unjustified-password-military-intervention
On this episode of Power and Market, Ryan, Tho, and Connor look at the news this week, including the escalation of threats to turn federal troops onto blue states, criminal charges for former FBI Director James Comey, and yet another government shutdown.There’s still time to join the 2025 Mises Institute Supporters Summit in Delray Beach, Florida. Learn more here: https://mises.org/events/supporters-summit-2025
Was Jackson’s victory over the Second Bank of the United States a triumph for liberty, or did it merely expand federal authority under the guise of constraining it? His legacy is complicated, but there is much we can learn from it.Original article: https://mises.org/mises-wire/complicated-legacy-andrew-jacksons-bank-war
The Renaissance period is seen as mostly positive by historians, but the sinister development of absolutism and the imperial state complicates the legacy of that time.Original article: https://mises.org/mises-wire/absolutism-and-reason-state-rothbard-growth-statism
Although the political establishment claims the Comey indictment represents an unprecedented moment in our history, the truth is much different. Federal prosecutors have a long history of bringing unjustified, politically-motivated prosecutions.Original article: https://mises.org/mises-wire/james-comey-not-innocent-victim-lawfare-he-helped-create
The media is trying to frame last week’s indictment of James Comey as a “norm-shattering” use of executive power for personal gain. In truth, it's just the latest chapter in a much older story: the struggle between elected and unelected officials.Read the article here: https://mises.org/mises-wire/trump-comey-and-long-history-unelected-governmentBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the farmers they were trying to support.Original article: https://mises.org/mises-wire/wheels-government-cheese
Created to assure that newly-freed slaves would receive equal legal protection, the Fourteenth Amendment has come to dominate federal jurisprudence. This is not a good thing.Original article: https://mises.org/mises-wire/how-fourteenth-amendment-empowers-judicial-activism
On the latest episode of Minor Issues, Mark Thornton critiques “green” mandates through the seen–unseen lens, contrasting them with conservation grounded in property rights and price signals. He spotlights silver—vital for electronics, medicine, and water filtration, hard to recycle, and mostly a mining byproduct—now in multi-year supply deficits. Subsidies for solar and EVs accelerate silver consumption and divert it from higher-value uses into short-lived installations. Real conservation comes from ownership, profit and loss, and interest rates, not bureaucratic targets.Donate $5 today to support the Mises Institute’s Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25A special bonus offer for Minor Issues listeners: donate to the Mises Institute’s Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
President Trump’s latest anti-broadcast media actions are portrayed in legacy media as being unprecedented. While they definitely are outrageous, they hardly are the first time presidents have used federal agencies to go after broadcast opposition.Original article: https://mises.org/mises-wire/presidents-have-long-history-using-fcc-silence-their-critics
New letters, from Murray Rothbard to Frank Meyer, have been discovered by researcher Daniel Flynn detailing some of Rothbard’s earliest views on Ayn Rand, and what later went wrong. This week is our Fall Campaign! Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/RR25 https://Mises.org/RR25Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
“Hate speech” does not exist. At all. That’s a concept the Left invented to justify state-enforced censorship of speech the Left doesn’t like.This week is our Fall Campaign here at the Mises Institute. Donate $5 today! https://Mises.org/lb25Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Men can be trained to regard their exploiters as the virtuous architects of safety and prosperity, as so many so-called "citizens" in America are so relentlessly trained to do.Original article: https://mises.org/mises-wire/why-government-so-loved-so-many
The irony of the Jimmy Kimmel controversy is that he owed his spot at ABC precisely because his work was non-political. Unfortunately in modern America, professional clowns feel they must become political tools.Original article: https://mises.org/mises-wire/jimmy-kimmel-american-tragedy
Mark Thornton returns as a guest on the Liberty and Finance podcast with Dunagun Kaiser to walk through Ludwig von Mises’s three stages of inflation, and why today’s mix of towering deficits and money printing puts the US on the on-ramp to hyperinflation. Mark also connects sanctions and tariffs to global de-dollarization, explains why central banks are swapping Treasuries for gold, and breaks down his gold-to-silver trade. The conversation ranges from “black swans” to state-level sound-money moves, and closes with practical steps.Additional ResourcesVisit Liberty and Finance at https://libertyandfinance.com“Black Swans, Sequestered Capital, and the Next Bust” (Minor Issues): https://mises.org/MI_137Donate $5 today to support the Mises Institute’s Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25A special bonus offer for Minor Issues listeners: donate to the Mises Institute’s Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
“Hate speech” does not exist. At all. That’s a concept the Left invented to justify state-enforced censorship of speech the Left doesn't like.
As the Federal Reserve signals it doesn’t care about price inflation, we’re reminded the Fed is mostly motivated to ensure rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek’s classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
One of the reasons Charlie Kirk was considered “divisive” was that he spoke out against the civil rights laws, which was interpreted as his supporting Jim Crow segregation. Yet, these laws did not increase liberty but rather imposed a new progressive vision on Americans.Original article: https://mises.org/mises-wire/charlie-kirk-and-sacred-totem-civil-rights
Since the French Revolution, leftism has served as the impetus for many of the state’s worst massacres and totalitarian impulses.
On the latest episode of Minor Issues, Mark Thornton argues that “black swans” aren’t root causes but announcement effects of imbalances created by the Fed’s cheap-credit booms. He highlights Ball State economist James McLure’s idea of "sequestered capital"—R&D, financial innovations, and opaque private assets shielded from public information—which proliferate under artificially low rates. From the Dutch Tulip Bubble and 1929 investment trusts to today’s candidates—hedge-fund private deals, AI data centers, commercial real estate, and crypto—the pattern is the same: policy-driven credit expansion seeds the very “unknowns” that later trigger crises. The fix isn’t more regulation; it’s removing the fuel line of easy money.See also "Sequestered Capital: An Overlooked Lacuna in the Capital Structure” by James McClure: https://mises.org/MI_137_AThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.
From interstate wars to local stabbings, violence is the ultimate expression of political action.For more information and to subscribe, visit https://Mises.org/P&MPod
Modern political life in the U.S. is increasingly defined by violence and toleration of violence against one's perceived enemies. The murder of Charlie Kirk has exposed the left's endorsement of deadly violence as a political tool.
Senator Tim Kaine’s definition of “rights” as things created by government and human law is extremely dangerous because a government that creates rights can also abolish them.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Political elites insisted that the 9/11 attacks occurred because the US Government lacked power and authority. Unfortunately, the elites got their wish and Americans received war, economic calamity, and massive government debt in return.For more content like this, visit Mises.org.
Since becoming president, most of the actions taken by President Trump have been anti-economic growth, and the US economy now is sputtering. Unfortunately, Trump seems to believe that a combination of trade restrictions and inflation is what the economy needs.Read the article here: https://mises.org/mises-wire/trump-digging-his-own-economic-graveThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/Hayek21Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
On the latest episode of Minor Issues, Mark Thornton takes a provocative look at America’s path toward hyperinflation. Mark walks through Ludwig von Mises’s three stages of inflation, contending the US is moving from complacency to active flight from cash. Mark ties today’s risks to sanctions policy, BRICS efforts to bypass SWIFT with gold-leaning systems, and foreign central banks rotating from Treasuries into gold. At home, Mark sees households hedging with real estate, older savers turning to precious metals, and younger investors to crypto: classic signs of eroding demand for dollars.Additional Resources"The Gold-Silver Ratio” (Minor Issues, Episode 119) : https://mises.org/MI_119"Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System" by Mark Thornton (Book review, Quarterly Journal of Austrian Economics): https://mises.org/MI_136_A"Exorbitant Privilege Gained and Lost: Fiscal Implications” by Zefeng Chen, Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, and Mindy Xiaolan (Journal of Political Economy): https://mises.org/MI_136_BThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues
President Trump has deployed naval vessels off the coast of Venezuela, citing its escalation of the war on drugs. However, the true motivation for Washington’s involvement in the region is likelier related to disputed oil claims affecting well-connected energy companies.Read the article here: https://mises.org/mises-wire/venezuela-military-deployment-about-cronyism-not-national-securityThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/Hayek21Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
Is Hans-Hermann Hoppe a firebrand revolutionary, or something very different? In this episode of Minor Issues, Mark Thornton traces Hoppe’s American debut in 1986 and follows the controversies that later made Hoppe a lightning rod. The case here is straightforward: Hoppe isn’t a political revolutionary aiming to remake society by seizing state power; he’s a natural-rights theorist whose analysis—grounded in property, history, and Austrian economics—argues for social cooperation without a predatory state. Hoppe is an exacting analyst of what works, not an architect of upheaval.Additional ResourcesA Life in Liberty: Liber Amicorum in Honor of Hans-Hermann Hoppe, edited by Jörg Guido Hülsmann and Stephan Kinsella (PDF): https://mises.org/MI_135_A Or, purchase the book online: https://mises.org/LiberAmicorum“Understanding the timing and outcome of the Russian Revolution: a public choice approach” (Journal of Public Finance and Public Choice)“ by Gregory Dempster, Robert B. Ekelund, Jr., and Mark Thornton: https://mises.org/MI_135_B“Rent Seeking as an Evolving Process: The Case of the Ancien Régime“ (Public Choice) by Robert. B. Ekelund, Jr., and Mark Thornton: https://mises.org/MI_135_C“A Theory of Socialism and Capitalism” by Mark Thornton (in Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe): https://mises.org/MI_135_DThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues
San Francisco politicians have made it so difficult to build new housing that a black market for apartments has emerged. “San Francisco Has A Black Market for Housing. That’s as Bad as It Sounds.” by Chris Calton: https://Mises.org/RR251_AFree Book: Get your copy of Hayek for the 21st Century, featuring Hayek’s classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Assistant editor Joshua Mawhorter joins Tho Bishop and Connor O’Keeffe on the Power and Market Podcast. The three discuss Trump’s acquisition of a stake in Intel, consider how monetary policy contributes to a lot of the national health problems MAHA is focused on, and react to Jerome Powell’s Jackson Hole speech.
On this episode of Power and Market, the roundtable talks about a new brewing scandal involving the Fed, revisits the conversation on nationalizing Washington DC, and the new "golden age" of the Smithsonian.
William L. Anderson joins Tho and Connor this week to discuss Trump mobilizing federal agencies to clean up the crime-ridden city of DC and his recent book review of Margeret Roberts’ Blowback: The Untold Story of the FBI and the Oklahoma City Bombing.
The Power and Market group look at the redistricting fight, try to make sense of Trump’s trade deals, and discuss the possible meeting between Putin and Trump.
The federal government taking an ownership stake in Intel is neither a promising new approach to governance nor an unprecedented leap into economic fascism. It’s simply Trump embracing the corrupt status quo he ran against with a superficial rebrand.Read the article here: https://mises.org/mises-wire/real-problem-trumps-intel-dealThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
On this episode of Minor Issues, Mark Thornton responds to Charlie Kirk’s “most controversial take” on cannabis and drug policy. Mark contrasts Kirk’s opposition to reclassification with the long history of prohibition as a Progressive project, showing how state intervention—not liberty—is responsible for urban decay, social breakdown, and the failures of drug policy. Drawing on examples from alcohol and cannabis prohibition to today’s welfare state, Mark argues that addiction is fueled less by markets than by the permissive culture and coercive power of government."Should America Reclassify Weed?" (Charlie Kirk Show): https://mises.org/MI_134_A"Drug Warriors Claim Colorado Going to Pot" by Mark Thornton: https://mises.org/MI_134_B"The Oregon Problem: It’s Not Drugs! It’s the Socialistic Political Culture" by Mark Thornton: https://mises.org/MI_134_C"The Oregon Problem" (Minor Issues Podcast): https://mises.org/MI_48"Measure 110 and Property Rights" (Minor Issues Podcast): https://mises.org/MI_55The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Economist Jeff Degner joins Ryan McMaken to discuss how inflationary monetary policy has changed our culture, and the family with it.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek’s classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
In his underappreciated work The Mystery of Banking, Murray Rothbard first explained how a regime of "free banking" would put strict limits on the ability of the private commercial banks to reduce their reserve ratios and inflate the money supply. Then Rothbard showed that the textbook operation of a central bank systematically neutralized the market's safeguards, and paved the way for credit expansion by a cartel of privileged private banks.The Mystery of Banking by Murray N. Rothbard: https://mises.org/HAP514a"How Private Banks Can Create Money, But Not Like the Fed Can" (Human Action Podcast): https://mises.org/HAP514bThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century Get your free copy at https://Mises.org/HAPodFree
Few really understand why these blue cities are crime-ridden. It’s not merely a lack of resources or even progressive ideology. At the root of the problem are governments working hard to maintain a monopoly on a service they then refuse to provide.Read the article here: https://mises.org/mises-wire/trumps-dc-takeover-missing-pointThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
As central bankers descend on Jackson Hole for their annual gathering, Mark Thornton explores the history, politics, and pageantry of the world’s most exclusive monetary policy conference. From its origins as a small agricultural meeting to a global elite summit shaped by Paul Volcker’s love of fly fishing, the event now serves as a stage for off-the-record conversations, coordinated strategies, and public displays of “confidence.” With the US economy facing stagflation, debt explosions, and political pressure on the Fed, the real drama lies not in the official speeches, but in the private exchanges among the world’s leading “money printers.”See also "About the Jackson Hole Economic Policy Symposium" (Federal Reserve Bank of Kansas City): https://mises.org/MI_133_AThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues
In his important lectures on the history of political thought, historian Ralph Raico examined five myths that many still believe about classical liberalism and the origins of modern ideology. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
A new July report shows Trump and the GOP Congress have joined forces to drive up federal spending to the highest levels since covid. The federal debt also just passed $37 trillion.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
The disheartening and frustrating fact is that Russia is in a much stronger negotiating position now than they were earlier in the war, when Western officials convinced Ukraine to walk away from peace talks and fight.Read the article here: https://mises.org/mises-wire/trump-putin-meeting-how-we-got-hereBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Bob takes on a proposal for New York City to run its own grocery stores, dismantling the historical myths, economic fallacies, and rhetorical tricks behind the idea. From Flint’s water crisis to “food deserts,” he explains why government control will create shortages, low-quality food, and wasted resources.The Jacobin Article, "Municipal Grocery Stores Are Sensible and Obvious": https://Mises.org/HAP512a
What happens when a society consumes its seed corn? What is capital consumption, and why does it matter? In this episode, Mark Thornton examines how inflation, deficit spending, and distorted market signals quietly erode the productive assets that fuel economic growth. Drawing on Austrian economics and insights from investor Rick Rule, Mark explains how governments and central banks incentivize the misuse of capital, leading to stagnation, underinvestment, and long-term decline. Understanding this unseen destruction is key to making sense of today’s economic malaise.See also "Rick Rule: Shortages In Key Natural Resources To Define Next Decade": https://mises.org/MI_132_ARegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Economist Joseph Salerno, an expert on the Austrian School, money, and methodology, joins us to talk about what makes the Austrian School of economics different. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Dr. Jonathan Newman and Mises Summer Fellow, Jonathan Yen join Ryan to cover the Fed's latest policy meeting, the awful new jobs report, and rising debt levels.
Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Ryan McMaken explores five enduring myths in the history of political thought, drawing on Ralph Raico’s The Struggle for Liberty to challenge conventional takes on Rousseau, John Stuart Mill, constitutionalism, and more. This lecture reclaims the radical roots of liberalism and warns against the illusion of legal remedies in the fight for freedom.Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Daniella Bassi tells the remarkable story of the Arctic fur trade as a real-world case study in stateless order. In early 20th-century northern Canada, Inuit and European traders conducted peaceful, prosperous exchange, without government law or enforcement, guided instead by mutual respect, property rights, and natural law.Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Tho Bishop delivers a defense of Gen Z, arguing that they are bearing the brunt of decades of fiscal irresponsibility, inflationary policy, and political neglect. With historical insight and Rothbardian flair, he exposes how central banks, entitlements, and Keynesian ideology have rigged the system against younger generations, and why reclaiming the narrative is key to rebuilding liberty.Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Connor O’Keeffe applies Rothbardian insights to expose how the news media distorts reality, not because of markets, but because of its entanglement with the state. From access-driven censorship to democracy-fueled misinformation, this talk reveals why the real threat isn’t media profit. It’s political power.Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
On this episode, Mark Thornton gives a crash course on the sleight-of-hand world of inflation, how it really works, why the official story doesn’t add up, and who benefits from the illusion. Drawing on Austrian insights, Mark dissects the politically engineered cycle of government overspending, Treasury bond issuance, and Federal Reserve money creation. You’ll learn how inflation doesn’t just “happen”: it’s a deliberate policy that distorts markets, transfers wealth, and props up an elite few while undermining the productive economy. The Fed’s role isn’t heroic. It’s central to the problem.Additional Resources"What Is Inflation? Clarifying and Justifying Rothbard’s Definition" by Kristoffer Hansen and Jonathan Newman (Quarterly Journal of Austrian Economics): https://mises.org/MI_130_A"Too Much Money Portends High Inflation" by John Greenwood and Steve Hanke (Wall Street Journal): https://mises.org/MI_130_BRegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Jonathan Newman challenges mainstream interpretations of equilibrium, showing how Austrian economics replaces static models with a dynamic, step-by-step view of market coordination. Drawing on Mises, Rothbard, and Salerno, he explains how real-world prices emerge from individual choices and imperfect knowledge, not from abstract supply-demand curves or idealized conditions.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Is economic inequality really the crisis it's made out to be, or is it a misunderstood feature of a healthy, free market society? Mark Thornton dismantles the modern obsession with equality, exposing the statist assumptions behind popular narratives and showing how capital accumulation, entrepreneurship, and individual differences drive prosperity. This is the Austrian answer to egalitarian myths.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Timothy Terrell challenges the mainstream view that markets fail to protect the environment, arguing instead that government intervention often distorts land use, fuels cronyism, and undermines conservation. Drawing on Austrian insights, historical examples, and striking contrasts in land management outcomes, Terrell makes the case for property rights and market-based stewardship as the true path to sustainability.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Lucas Engelhardt explores the economics of interventionism, tracing Ludwig von Mises’s core argument that state interference in markets is both self-defeating and inherently unstable. Building on insights from Rothbard, Ikeda, and Higgs, Engelhardt examines why interventionism persists despite its failures, and whether we are, in fact, on the road to socialism or stuck in a stable middle ground.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Tim Terrell offers a critical examination of higher education’s economic structure, exploring how federal subsidies, credential inflation, and misaligned incentives have driven rising costs and declining academic rigor. Drawing on Austrian insights, he questions whether universities still serve their educational mission, or have become consumption-driven institutions shaped by bureaucratic interests and distorted signals.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Tate Fegley analyzes the deep state through the lens of Austrian economics, showing how bureaucratic insulation, lack of economic calculation, and political incentives lead to cronyism and inefficiency. Focusing on defense procurement and media influence, he argues that systemic dysfunction—not bad actors—is the primary driver of deep state behavior.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Bob Murphy examines Henry Hazlitt’s treatment of inflation in Economics in One Lesson, highlighting key insights on monetary expansion, Cantillon effects, and the distinction between nominal and real variables. The lecture offers a clear, Austrian perspective on why inflation distorts rather than enriches, and why its consequences are uneven and often misunderstood.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Through a detailed, real-time narrative, Tom Woods examines the inconsistencies, unintended consequences, and bureaucratic incentives behind lockdowns, mask mandates, and public health messaging. Supplemented by empirical data and firsthand accounts, the lecture highlights the human and institutional costs of the crisis response, while underscoring the Mises Institute’s principled opposition to prevailing narratives.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Bob Murphy and Jonathan Newman take on the rising popularity of Modern Monetary Theory and explain why it stands in direct opposition to Austrian economics. Using clips from the documentary Finding the Money, they critique MMT’s core assumptions, from government spending and deficit myths to the origins of money itself. They offer historical evidence, economic logic, and biting rebuttals to MMT’s claims, exposing its flaws and clarifying what’s really at stake in today’s monetary debates.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Paul Cwik and Shawn Ritenour revisit the often-overlooked "forgotten Austrians" who extended Mengerian economics beyond Vienna. From Wicksteed and Fetter to Strigl and Smart, this session highlights how the early Austrian tradition flourished across borders, until it was eclipsed by Walrasian formalism and Anglo-American Marshallianism.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Patrick Newman offers a Rothbardian critique of the US Constitution, arguing that rather than establishing a framework for limited government and individual liberty, it was crafted to centralize political power and protect elite economic interests. Drawing from the Austrian tradition and historical analysis, the lecture challenges the prevailing narrative of the Constitution as a purely libertarian founding document.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Inflation isn’t just about rising prices. It’s a systematic distortion of economic signals, fueling inequality, eroding social mobility, and undermining real growth.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Tate Fegley examines how the structure of state-run police departments—lacking profit-and-loss mechanisms—leads to systemic inefficiencies, distorted incentives, and unaccountable authority within the public sector.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Shawn Ritenour critiques mainstream growth models that emphasize abstract inputs like capital accumulation and technological innovation, arguing instead for a human-centered approach rooted in Austrian economics. He emphasizes the foundational roles of entrepreneurship, time preference, the division of labor, and sound monetary institutions in fostering sustainable economic development.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Are markets a friend to minorities? Economist Walter Williams thought so, and Wanjiru Njoya explains why. Her lecture cuts through critical race theory dogma to show how liberty, not legislation, lifts up the marginalized.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Sandra Klein takes on dwarf-tossing, horse meat, and human organ sales to show how moral squeamishness isn't a market failure, it's just a preference.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Timothy Terrell tackles the most common objections to capitalism, from inequality myths to profit “villainy,” and offers a principled, empirical defense of market institutions and voluntary exchange.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Patrick Newman exposes tariffs as economic distortions that harm consumers and misallocate resources. Drawing on Austrian insights, he debunks protectionist myths and makes the case for free trade over government intervention.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
The minimum wage is harmful, racist, sexist, and completely unnecessary.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Competition is a relentless, dynamic process of entrepreneurship and discovery. Tom DiLorenzo exposes how antitrust laws, rooted in flawed theories of monopoly and “perfect competition,” have served as government tools to punish success, stifle innovation, and prop up politically favored monopolies.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Paul Cwik unpacks Austrian Business Cycle Theory, explaining how artificial credit expansion triggers unsustainable booms and inevitable busts. He walks through models of savings, investment, and the structure of production to reveal how interest rate manipulation distorts the economy, and why liquidation and recovery are both necessary and painful.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Patrick Newman introduces Austrian capital theory: how savings, time, and production structures drive economic growth. Without capital goods and roundabout production, we’d still be living like primitive hunters, and without savings, growth halts altogether.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
A modern socialist economy is impossible.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Dr. Jeffrey Herbener explains how time preference shapes interest rates, production, and investment, making time central to economic coordination and prosperity.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation. He also explains why a 100% reserve system could prevent crises, and why no one on Wall Street wants that to happen.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Dr. Sandy Klein walks through the origins and essential functions of money, showing how barter’s pitfalls led to the spontaneous emergence of money as a medium of exchange. She explains Menger's and Mises’s insights into money’s evolution, why gold and silver prevailed, and how inflation and counterfeiting distort economies.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Entrepreneurs are the market’s driving force: risk-takers who organize capital and labor to meet uncertain consumer needs. Without them, there is no market economy.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
"The word praxeology can be used in two different ways. One is for a science of human action, as developed by Ludwig von Mises and his successors, principally Murray Rothbard. And the other is for the deductive method used in the science of human action."Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Jeffrey Herbener explains how Austrian price theory reveals the logic of voluntary exchange and subjective value, and why market prices emerge not from production costs, but from personal preferences and economizing choicesRecorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Professor Salerno traces the birth of the Austrian School to Carl Menger’s revolutionary insight: prices emerge from human wants, choices, and the subjective value of each unit consumed.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
The right dismisses economics at its peril. Tom Woods shows why Austrian economics holds the key to solving the very cultural and economic crises that MAGA claims to care about.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
On this episode, Mark Thornton breaks down the political pressure from Trump, market demands for cheap money, and the Federal Reserve’s real fears: a collapsing dollar, rising inflation, and soaring long-term rates. Mark traces the history of interest rate manipulation, the precarious state of US debt, and why Chairman Powell may be clinging to high rates—not for the public good, but to save face before his 2026 exit. With the dollar weakening and deficits exploding, Mark explains why the next crisis could be just one rate cut away.Additional Resources“Trump Is Wrong about Interest Rates“ by Ryan McMaken (Radio Rothbard Podcast): https://mises.org/MI_129_A“Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers”: https://mises.org/MI_129_B“Federal Funds Effective Rate”: https://mises.org/MI_129_C“Nominal Broad U.S. Dollar Index”: https://mises.org/MI_129_D“Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis”: https://mises.org/MI_129_E“Minutes of the Federal Open Market Committee, June 17–18, 2025” (PDF): https://mises.org/MI_129_F“US FOMC Meeting Minutes (June 17-18, 2025)” by Ksenia Bushmeneva: https://mises.org/MI_129_GRegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
After promising to end the Ukraine war immediately, and to stay out of Middle East wars, President Trump has instead doubled down on intervening in both conflicts.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
This week, Bob returns to the topic of how the United States could practically abolish the Federal Reserve and transition to a stable monetary system backed by gold. He clarifies common misconceptions about the consequences of ending the Fed, provides historical context for America’s monetary systems, and lays out a realistic path forward for monetary reform.Bob's Mises Article, "Putting the Country Back on Gold": https://Mises.org/HAP509aUnderstanding Money Mechanics: https://Mises.org/HAP509b
When President Trump declared the Epstein case closed, many of his supporters in MAGA objected, believing that the government is still hiding the truth. But Trump opponents claim that MAGA is a monolithic movement beholden only to Trump. This incident tells us something else.Read the article here: https://mises.org/mises-wire/split-over-epstein-tells-us-something-important-about-maga-movementThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
There are many reasons for disliking the Federal Reserve. However, many critics of the Fed attack the Fed for the wrong reasons.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Let’s look at some of the reasons why President Trump and his supporters are so obsessed with demanding that the Federal Reserve force down interest rates even further. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Bob goes solo to make a comprehensive case for abolishing the Federal Reserve and explains what life afterward would look like. He dives into the Fed’s marked history, its questionable track record, and the secrecy surrounding its creation and ongoing operations. Bob also outlines a practical, step-by-step approach for transitioning away from the Fed, returning monetary control to a gold standard, and restoring economic stability and transparency.Bob's Recent ZeroHedge Debate,"Should We End the Fed?": https://Mises.org/HAP508aUnderstanding Money Mechanics: https://Mises.org/HAP508b
In the latest episode of Minor Issues, Mark Thornton unpacks a deceptively simple question and follows its answer deep into the heart of economic history and theory. Drawing on insights from Hayek, Cantillon, Menger, and even WWII prisoner-of-war camps, Mark explores how money actually emerged—not from the decrees of kings or bureaucrats, but from the spontaneous actions of everyday people solving real problems in a barter economy. Mark challenges the fable of state-created money and confronts the dangerous logic of Modern Monetary Theory. This is not just a history lesson—it's a blueprint for understanding inflation, fiat failure, and the path to sound money.Additional Resources"Who Really Invented Bitcoin?" (Minor Issues, episode 128): https://mises.org/MI_128An Essay on Economic Theory by Richard Cantillon (see Part 1, Chapter 17, "Metals and Money, and especially of Gold and Silver"): https://mises.org/MI_128_ARegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The P&M panel discusses Trump’s reversals, capitulations, and outright failures to fulfill popular campaign promises, and what Trump supporters should take away from all this.For more information and to subscribe, visit https://Mises.org/P&MPod
As the Texas floodwaters receded, politicians like Chuck Schumer twisted facts about the tragedy to score a political win. Examining what went wrong to prevent such tragedies from happening again is the right thing to do. But that involves looking at the actual facts.Read the article here: https://mises.org/mises-wire/texas-floods-and-political-opportunismBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
This week, Bob talks with economist and Mises Institute research fellow, David Howden, co-editor of The Next Generation of Austrian Economics: Essays in Honor of Joe Salerno. They discuss key chapters from the book, highlighting significant contributions from up-and-coming Austrian economists in areas such as monopoly pricing, international economics, and monetary theory. The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno: https://Mises.org/HAP507aDavid Gordon's Review of the Book in The Austrian: https://Mises.org/HAP507b
In this episode of Minor Issues, Mark Thornton revisits a prophetic 1970s address by Nobel laureate F.A. Hayek that laid the intellectual groundwork for Bitcoin. Delivered during the depths of stagflation, Hayek’s “International Money” lecture critiques central bank monopoly, exposes the failure of Keynesian inflationism, and calls for the denationalization of money. Mark unpacks how Hayek’s radical proposal for competing private currencies was decades ahead of its time, and why it matters more than ever in today’s age of government-managed inflation and crypto crackdowns.Additional ResourcesChoice in Currency by F. A. Hayek (based on his address, “International Money”): https://mises.org/MI_127_AThe Denationalisation of Money by F. A. Hayek: https://mises.org/MI_127_B“Hayek Predicting Bitcoin” (excerpted from the May 1, 1984, interview with James Blanchard at the University of Freiburg): https://mises.org/MI_127_C“The Last Days of Satoshi: What Happened When Bitcoin’s Creator Disappeared” by Pete Rizzo (Bitcoin Magazine): https://mises.org/MI_127_D“Bitcoin” (1440): https://mises.org/MI_127_ERegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Murray Rothbard challenges conventional narratives surrounding America’s two most mythologized wars: the Revolutionary War and the Civil War. Rothbard defends the American Revolution as a rare example of a just war for liberty and decentralization, and casts a critical eye on the War Between the States, arguing it marked the rise of empire, centralization, and mass bloodshed.Recorded at the "The Costs of War" conference in May 1994.
Alex Pollock, an expert on Federal Reserve policy, joins us to talk about how the Fed has backed itself into a very bad financial corner, and there is no painless way out.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On this episode of Power and Market, the roundtable responds to Zohran Mamdani winning his primary in New York City, the rising MAGA attacks on the Fed, and the ceasefire in the Middle East.For more information and to subscribe, visit https://Mises.org/P&MPod
The democratic establishment is upset that socialist Zohran Mamdani beat their candidate, Andrew Cuomo, in New York City’s mayoral primary. But the blame for socialism’s rising popularity lies mostly on their own shoulders.Read the article here: https://mises.org/mises-wire/establishment-democrats-created-conditions-socialist-victoryBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Bob hosts economist and distinguished senior scholar at the Mises Institute, Steve Hanke, to discuss his research on hyperinflations, currency board solutions, and the economic effects of the COVID lockdowns. Hanke explains the findings of his meta-analysis of lockdown impact and explains why Sweden's laissez-faire approach was vindicated. He also draws from decades of experience stopping hyperinflation globally, advocating currency boards and gold-backed solutions as effective alternatives to central banks.Professor Hanke's Austrian Economics Research Conference Lecture: https://Mises.org/HAP506aProfessor Hanke's IEA Article, "Did Lockdowns Work? The Verdict on COVID Restrictions": https://Mises.org/HAP506bThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFreeFind free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.X ► https://x.com/mises/Facebook ► https://www.facebook.com/mises.institute/Instagram ► https://www.instagram.com/misesinstitute/SoundCloud ► https://soundcloud.com/misesmedia/Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810Rumble ► https://rumble.com/c/c-2212754Odysee ► https://odysee.com/@mises/Podcasts ► https://mises.org/podcasts
In this episode of Minor Issues, Mark Thornton features his recent appearance on the Liberty and Finance podcast. Mark pulls back the curtain on the geopolitical theater, exposing how monetary control, regime change, and imperial ambition are driving global conflict. From gold’s rising value as a gauge of fear to the erosion of public trust in fiat money and the US government, he argues the real war is economic—and it’s already begun.Alongside these dangers, Mark offers hope: an informed public, sound money alternatives, and the growing momentum for a monetary reset built on gold and liberty.Additional Resources“Gold/Silver Ratio Signaling Rapid Reversal and Recession Coming“ by Mark Thornton (on the Liberty and Finance podcast): https://mises.org/MI_126_A“The Gold-Silver Ratio” (Minor Issues, Episode 119): https://mises.org/MI_119“Preparing for War” (Minor Issues, Episode 123): https://mises.org/MI_123Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25
Some non-economic arguments made by pronatalists are very good. But when it comes to economics, pronatalists often get it very wrong.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Although it may not have ultimately ended how they wished, the strikes on Iran demonstrated that neoconservatives are still a viable force within the GOP. But that shouldn’t discourage us. Ending endless wars isn’t easy, but it is worthwhile.Read the article here: https://mises.org/mises-wire/dismantling-warfare-state-was-never-going-be-easyBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Bob is joined by author George Ford Smith for a detailed examination into the life and legacy of Thomas Paine. They discuss how Paine’s writings, especially Common Sense and the American Crisis essays, mustered colonial support for independence and even influenced the outcome of the Revolutionary War. Smith explains Paine's life, from early setbacks and struggles in England to becoming a pivotal figure in America’s founding, and why his views ultimately sidelined his historical reputation.George's Mises Wire Article, "The Failure to Stop Thomas Paine": https://Mises.org/HAP505aGeorge's Mises Wire Article, "Thomas Paine, Liberty's Hated Torchbearer": https://Mises.org/HAP505a
On this episode of Minor Issues, Mark Thornton unpacks the unfolding economic crisis through the lens of Ludwig von Mises’s “crack-up boom.” With inflation accelerating, deficits ballooning, and the Fed’s credibility fading, Mark outlines how reckless monetary policy and unsustainable government spending are setting the stage for stagflation—or worse. From gold’s surge to the dollar’s decline, he connects today’s market signals to Mises’s dire warnings about monetary collapse, offering a sobering look at what may lie ahead for the US economy.Additional Resources"Trump (Again) Demands More Easy Money To Help Fund Even Bigger Deficits" by Ryan McMaken: https://mises.org/MI_125_A"Interest Rates Rise Again as Treasury Auction Comes Up Short" by Ryan McMaken: https://mises.org/MI_125_B"Powell, Trump, and the Austrian Business Cycle Time Bomb" (Minor Issues, Ep. 118): https://mises.org/MI_118 "Prospects for Hyperinflation" (Minor Issues, Ep. 116): https://mises.org/MI_116"Are Economic Crises and Crashes Inevitable?" (Minor Issues, Ep. 112): https://mises.org/MI_112"The Precarious State of the American Economy" (Minor Issues, Ep. 111, with Scott Horton): https://mises.org/MI_111How Inflation Destroys Civilization by Guido Hülsmann: https://mises.org/InflationDestroysLudwig von Mises on Money and Inflation, edited by Bettina Bien Greaves: https://mises.org/MI_125_CThe Inflation Crisis and How to Resolve It by Henry Hazlitt: https://mises.org/MI_125_DRegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25
Real estate investor and Mises Institute contributor Artis Shepherd joins us to talk about how our stagnating economy is affecting multifamily housing and other commercial real estate. Banks and investors are using “extend and pretend” tactics to cover up the true state of the industry. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
In this classic 1963 essay, Murray Rothbard argues that the state is inherently hostile to peace because war enhances its power, prestige, and control. While individuals benefit from peace and voluntary exchange, governments thrive on conflict, using war as a tool to centralize authority and suppress liberty. Rothbard challenges the moral legitimacy of state warfare and calls for a truly libertarian stance—non-intervention and individualism.
The United States is dangerously close to entering yet another war in the Middle East. But this one has the potential to be a lot costlier for the American people while remaining just as unlikely to bring about peace and stability in the region.Read the article here: https://mises.org/mises-wire/war-iran-not-interest-american-peopleThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
In this welcome lecture to the 2025 Rothbard Graduate Seminar, Joseph Salerno dismantles the myth that Murray Rothbard was an outsider to mainstream economics. Drawing on Rothbard’s deep academic training and early career, Salerno reveals how Rothbard was a thoroughly trained neoclassical economist before his conversion to Austrian economics. The talk highlights Rothbard’s engagement with institutionalism, positivism, and Keynesianism, and how his discovery of Mises and praxeology transformed his outlook—ultimately forging one of the most original and radical economists of the 20th century.Recorded at the Mises Institute in Auburn, Alabama, on Sunday, June 8, 2025.
Bob hosts economist Daniel Lacalle to analyze the controversial Big Beautiful Bill. Daniel explains why, despite its imperfections, the bill represents a vital first step toward curbing government spending and protecting private-sector prosperity from excessive state intervention.Daniel's Article, "The Big Beautiful Bill Is Much Better Than You Think": https://Mises.org/HAP504aThomas Massie's X Exchange on the Hidden Costs of the BBB: https://Mises.org/HAP504b
On this episode of Minor Issues, Mark Thornton dives into Murray Rothbard’s theory of interventionism. Mark explores how Rothbard sharply delineates the line between voluntary action in the free market and coercive government intervention. He deconstructs Rothbard’s typology—autistic, binary, and triangular interventions—and explains why only free markets improve utility for everyone, while intervention creates winners and losers. It’s a wake-up call for anyone who still thinks regulation and taxation are harmless.Additional Resources"The Economics of Violent Intervention in the Market" by Murray N. Rothbard (Man, Economy, and State with Power and Market, Chapter 12): https://mises.org/MES"The Greatness of Man, Economy, and State" by Lew Rockwell: https://mises.org/MI_124_ARegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
On this episode of Power and Market, the group discusses the fallout from Israel’s strikes on Iran and the Trump Administration’s (changing?) position on immigration enforcement.For more information and to subscribe, visit https://Mises.org/P&MPod
Joshua Mawhorter joins us to talk about how the fiat-money theories of Modern Monetary Theory and chartalism aren’t supported by the historical facts. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On this episode of Power and Market, the group discusses the fallout from Musk’s fight with Trump, recent reporting on Palantir contracts, and how the courts are not interested in protecting rights.For more information and to subscribe, visit https://Mises.org/P&MPod
What the “legacy” media is trying to present as a brand-new authoritarian crackdown on the press is only a more visible version of how the federal government has attempted to control public opinion for nearly a century.Read the article here: https://mises.org/mises-wire/weaponization-media-access-did-not-suddenly-start-trumpThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at Mises.org/GB
Vincent Geloso and Chandler Reilly have a new paper in which they use Rothbard's "Private Product Remaining" (PPR) as a lower bound on estimates of national output, to be contrasted with the convention GDP statistics as an upper bound. Bob has the authors explain Rothbard's proposal and how they are trying to introduce it to the economics profession.The Paper, "National Output Without Government?": https://Mises.org/HAP503aThe Human Action Podcast Episode on Dubious Origins of GDP/GNP: https://Mises.org/HAP503bThe Bob Murphy Show Episode With Alex Salter Criticizing "State Capacity": https://Mises.org/HAP503c
In this episode of Minor Issues, Mark Thornton explores how nations quietly prepare for war—and what the corporate media isn’t telling you. From Europe’s military buildup and the global trade war to the hidden toll of economic sanctions, Mark unpacks historical patterns that have repeatedly led societies to disaster.Why is gold at a record high? How does modern mercantilism fuel today’s tensions? Are we all just pawns in a much bigger game? Join Mark as he examines the real risks simmering beneath the headlines, and what history can teach us about the cost of ignoring them.Additional Resources“The World at War—An Essential New Book from Ralph Raico“ by Ryan McMaken: https://mises.org/MI_123AAn Anti-War Reading List: https://mises.org/MI_123BThe Costs of War: America’s Pyrrhic Victories edited by John V. Denson: https://mises.org/MI_123CAudio and videos recordings of the Mises Institute’s May 2025 Revisionist History of War Conference: https://mises.org/MI_123DRegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25
Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of “Fed independence.” The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
As President Trump racks up defeat after defeat before the federal courts, the legacy media claims that federal judges are protecting us from government overreach. In reality, government overreach as we know it has been made possible by the federal judiciary.Read the article here: https://mises.org/mises-wire/federal-judiciarys-war-trump-not-about-protecting-us-government-overreachThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Dr. Hülsmann’s piercing analysis highlights the true tragedy of our inflationary regime in a way few others can.After all, inflation isn’t simply a stealth tax on the average American, it does so to fund the worst aspects of the current regime. It’s the lifeblood of both the war machine abroad and the growing politicized police state at home. In its wake, it leaves a society that rewards self-destructive short-term behavior and does so at the expense of those who sacrifice to make responsible decisions in their daily lives.It robs us materially, morally, and spiritually.
The political legacy of Elon Musk, the moral costs of Keynesianism, and the absurdity of Harvard and NPR as public goods.Welcome back to the Power & Market Podcast, a weekly news recap from the Mises Institute’s editorial team.This week, Ryan McMaken, Tho Bishop, and Connor O’Keeffe discuss the letdown of the Department of Government Efficiency, dissect the ongoing degeneracy of Keynesian economics, and explore the rising movement to defund elite universities like Harvard. Has the establishment finally overplayed its hand? What's next for higher education?For more information and to subscribe, visit https://Mises.org/P&MPod
Polish professor of political theory Łukasz Dominiak joins us to talk about how Poland embraced a market economy after the Cold War ended. We discuss some of the factors behind Poland’s rise from poverty. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Establishment figures claim Trump’s recent frustrations with Putin prove them right—that Putin can’t be reasoned with. In reality, Trump’s predicament is largely the result of their own failed policies.Read the article here: https://mises.org/mises-wire/why-ending-war-ukraine-so-difficult-nowThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
This week, interest rates spiked as Trump’s spending problem convinced investors they want higher yields for trillions of new federal debt.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Biden’s hidden illness, Trump’s surprise foreign-policy pivot, and America’s bond meltdown.Welcome to the inaugural episode of the Power & Market Podcast, a weekly news recap from the Mises Institute’s editorial team.This week, join Ryan McMaken, Tho Bishop, and Connor O’Keeffe as they unpack the political theatrics behind Biden’s health cover-up, explore emerging cracks in America’s financial foundations, and break down Trump’s provocative Riyadh speech. Are bond vigilantes finally waking up, and what’s next for the economy?
In this episode, Mark Thornton discusses The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism, the new book by Senator Phil Gramm and Professor Donald J. Boudreaux.Mark reflects on the persistent misconceptions about capitalism in America and offers up a “Marxist interpretation” of our dilemma. He explores how entrenched ideologies shape the way information is presented, the influence of state actors on education and media, and the ways in which these forces skew perceptions of economic history. Ultimately, Mark argues for a more critical and evidence-based approach to understanding capitalism.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
In this lecture from the Mises Institute’s recent Conference on War Revisionism, McMaken looks at how classical liberals’ pro-peace foreign policy was defeated by a century of war propaganda beginning with the First World War.
The reaction to Biden’s cancer announcement reveals how little trust the public has in the people who spent years claiming that Biden’s mental decline was fabricated by right-wing propagandists. That lack of trust is well deserved.Read the article here: https://mises.org/mises-wire/what-biden-health-coverup-reveals-about-political-classThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Brion McClanahan dismantles the so-called "righteous cause" narrative that shapes modern American history and foreign policy, tracing its roots from Sumner and Lincoln to the war in Iraq.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Who really caused the violence of Reconstruction? Wanjiru Njoya exposes how federal intervention fueled racial conflict and dismantled the South's social order—challenging modern myths with historical truth.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Ron Unz critically reassesses the established narrative of World War II, exploring overlooked historical evidence, scholarly purges, and contested interpretations that significantly redefine our understanding of the conflict.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Did the Marshall Plan save Europe or enrich crony capitalists? Patrick Newman discusses how corporate welfare, hidden deals, and corruption shaped postwar policy, with effects still felt today.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Does government-funded science drive progress or distort it? Peter Klein uncovers the hidden costs, cronyism, and political agendas behind the National Science Foundation and federal research funding.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Phillip Tourney provides a first-hand account of the 1967 USS Liberty incident, examining its lasting implications for US foreign policy, governmental transparency, and historical accountability.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Is the Federal Reserve truly independent? Jonathan Newman uncovers the myths behind the 1951 Treasury-Fed Accord, revealing the Fed's long history as a willing financier of America's wars and government spending.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Ilana Mercer addresses Israel’s "Hasbara" myths, exposing harsh truths behind Gaza’s suffering—and the moral complicity of America in enabling atrocities.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
From Vietnam to Iraq, Pentagon insider Karen Kwiatkowski reveals firsthand how government lies drive America’s wars—and how courageous whistleblowers fight back with truth.
How did the state grow from Machiavelli to World War I? Hunt Tooley reveals how artillery, arms dealers, and bankers turned war into profitable, prolonged carnage.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Ryan McMaken discusses Ralph Raico’s critique of war propaganda, revealing how states systematically shape history to justify endless conflict—and why revisionism is essential for reclaiming peace and liberty.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Revisionist history isn't denial—it's the pursuit of truth. Tom DiLorenzo exposes the dangerous "Treasury of Virtue" that justifies endless wars and imperialism.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Endless wars abroad destroy liberty at home. Scott Horton explains how U.S. foreign policy disasters—from NATO expansion to Ukraine—threaten peace, prosperity, and freedom.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Why did the South lose the Civil War? Mark Thornton argues Vicksburg—not Gettysburg—was key, revealing how Confederate economic failures sealed their fate.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Military Keynesianism wasn't just economic policy, it was socialism in disguise. Joseph Salerno reveals how John F. Kennedy's economists used war spending and deficits to erode liberty under the guise of stability and growth.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.
Historian Charles Beard championed continentalism—keeping America out of foreign wars. David Gordon explores Beard’s forgotten warnings and their lasting lessons on liberty and foreign policy.Recorded at the Mises Institute in Auburn, Alabama, on May 16, 2025.
Economist Alex Tabarrok joins Bob to review Trump’s executive order on prescription drug pricing. They explore how price discrimination works in global pharmaceutical markets, the unintended consequences of importation policies, and why U.S. consumers often pay more—yet benefit most from drug innovation. Tabarrok also critiques the FDA’s role in delaying treatments and explains how regulatory reform, not price caps, could make healthcare more affordable and effective.Alex's Article, "Econ 101 is Underrated: Pharma Price Controls": https://Mises.org/HAP500a
On Economics Explored, host Gene Tunny and guest Dr. Mark Thornton discuss the “Skyscraper Curse,” the uncanny correlation between constructing the world’s tallest buildings and subsequent global economic crises. Mark explains why these architectural achievements often precede financial downturns. With the resurrection of Saudi Arabia’s Jeddah Tower project—destined to become the world’s tallest building—set for completion around 2027, could another global economic crisis be imminent?Tune in for an eye-opening discussion that connects skyscrapers, economics, and predictions for our financial future.Additional Resources“The Skyscraper Curse and Austrian Economics with Mark Thornton” (Economics Explored Podcast with Gene Tunney): https://Mises.org/MI_120_AThe Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/CurseAn Essay on Economic Theory by Richard Cantillon (edited by Mark Thornton): https://Mises.org/MI_120_BBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Political Scientist Joseph Solis-Mullen joins Ryan McMaken to review Ralph Raico’s newly published lectures on politics in the West. We recommend this book for all who want a pro-freedom history of political thought.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
While Trump has not yet turned to price controls to address America‘s absurdly high drug prices, Monday‘s executive order suggests that he soon may. Price controls would only worsen the problem with the drug market. Here are three things he can do instead.Read the article here: https://mises.org/mises-wire/how-trump-can-lower-drug-prices-without-price-controlsThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
In this episode of the Minor Issues podcast, Mark Thornton unpacks the fascinating world of the gold-silver ratio. Once a key player in bimetallism debates and Gresham’s law, this ratio is now making headlines as it hovers near record highs—over 100 ounces of silver to one ounce of gold.Mark explores the historical context behind these numbers, and explains why these shifts can signal deeper changes in the economy. He also breaks down what the ratio means for different types of investors, how tariffs and trade wars can twist relative prices across the board, and why understanding these shifts is crucial for everyone—not just economists.Additional ResourcesGold-Silver Ratio Charts at Gold Price: https://Mises.org/MI_119_A"Bring Back Gold!" by Lew Rockwell: https://Mises.org/MI_119_B"Gold:silver ratio hits 105, but analysts are not giving up on the ‘little’ sibling" by Neils Christensen (Kitco): https://Mises.org/MI_119_CBe sure to follow Minor Issues at Mises.org/MinorIssues
California economist and resident/victim William Anderson joins us to talk about the absurdity of California’s bullet train plan, and how it ignores economic realities. Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
With the deadline for obtaining the federal government‘s Real ID technically upon us, it‘s important to understand that this is not an irritating but necessary program to keep Americans safe. It's the latest example of the government using 9/11 as an excuse to grab more power.Read the article here: https://mises.org/mises-wire/real-id-not-about-keeping-you-safeThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Is President Trump right about interest rates? Is Fed Chairman Jay Powell making a mistake? Forget the mainstream media talking points. Mark Thornton cuts through the noise to explore the real economic threats facing America. In this episode, Mark dissects how the Fed's monetary policies, not just Trump's tariffs, have created a dangerous Austrian Business Cycle time bomb. Will Powell's rate cuts save the day, or is a recession inevitable? Mark examines key sectors of the S&P 500 to reveal the truth and predict what's coming next.Join us May 15-17, 2025, at the Mises Institute in Auburn, Alabama, for our Revisionist History of War Conference. This is our first history conference in almost thirty years. For more details and to register, visit https://Mises.org/rhw.Be sure to follow Minor Issues at Mises.org/MinorIssues
If a politician claims that he cares about the national debt, but then won't make big cuts to current federal spending, he's either a liar or a fool. Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Historian Chris Calton joins Ryan McMaken to discuss both the upsides and the downsides of Trump’s first 100 days. Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The first 100 days of the second Trump administration have made it clear that those who want the foreign policy status quo to continue are serious about doing what it takes to accomplish their goals, while those who want to change it are not.Read the article here: https://mises.org/mises-wire/trump-administration-not-serious-about-ending-endless-warsThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at Mises.org/GB
Trump has tried to claim that he favors "Main Street over Wall Street." Unfortunately, by pushing aggressive low-interest-rate monetary policy, Trump has put himself squarely in the camp of “Wall Street over Main Street.”Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
James Bovard joins host Ryan McMaken to talk about how the White House went from targeting illegal aliens to seizing legal residents guilty of the "crime" of criticizing the government of the State of Israel. Do non-citizens have due-process rights? The Founding Fathers thought so.Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
President Trump‘s threat to withhold $9 billion from Harvard University is being framed in the legacy media and academia as a threat to Harvard‘s academic freedom. But there is a pertinent question no pundits are even asking: Why are taxpayers being forced to give Harvard $9 billion?Read the article here: https://mises.org/mises-wire/stop-all-federal-funding-universitiesThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
In this episode, Mark Thornton explores the looming threat of hyperinflation in the US. With the national debt soaring past $33 trillion and future obligations exceeding $100 trillion, can America avoid a financial crisis where prices skyrocket out of control?Mark examines historical hyperinflations in leading economies like France and Germany, and how excessive government spending and debt played a role. Drawing on the insights of Ludwig von Mises, Mark dissects the three phases of inflation and what happens when the public loses faith in holding money.Is hyperinflation merely an accounting problem, or does it portend economic ruin and societal breakdown? Tune in to find out, and to explore the potential consequences for our future.Additional Resources“Hyperinflation, Money Demand, and the Crack-Up Boom” by Thorsten Polleit: https://mises.org/MI_116_A“Hyperinflation and the Destruction of Human Personality” by Joseph T. Salerno: https://mises.org/MI_116_BFurther Readings on Hyperinflation (Oxford University Mises Society): https://mises.org/MI_116_CEconomic Policy: Thoughts for Today and Tomorrow by Ludwig von Mises: https://mises.org/MI_116_DThe Theory of Money and Credit by Ludwig von Mises: https://mises.org/MI_116_EJoin us May 15-17, 2025, at the Mises Institute for our Revisionist History of War Conference. This is our first history conference in almost 30 years. For more details and to register, visit https://Mises.org/rhw.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Donald Trump says he plans for a big 12% jump in military spending, he has threatened war with Iran, and has escalated the war with the Houthis. None of this has anything to do with defending the United States. Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% offRegister for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
President Trump has threatened to use the armed forces to go after the drug cartels in Mexico. Escalating the disastrous War on Drugs by incorporating the failed strategies of the War on Terror is a terrible idea.Read the article here: https://mises.org/mises-wire/bringing-war-terror-our-southern-border-can-only-end-disasterThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
You’ve heard endless debate about the trade deficit, but what about its evil twin, the budget deficit? In this episode, Mark Thornton untangles the truth behind the so-called “twin deficits,” revealing why trade imbalances aren’t necessarily bad, and how government borrowing distorts investment, fuels inflation, and weakens long-term prosperity. Mark cuts through the economic fog and shows what’s really dragging us down.Additional Resources“Trade Deficits and Fiat Currencies” by Robert Murphy: https://mises.org/MI_115_A“The Evil Twins: U.S. Federal Budget Deficits and U.S. Trade” by Jane L. Johnson: https://mises.org/MI_115_B“The Twin Deficits” by Gary North: https://mises.org/MI_115_C"A Dollar as Good as Gold" by Lewis E. Lehrman: https://mises.org/MI_115_DJoin the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: https://Mises.org/Phoenix25Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Part One: The Nature of Gratuitous GoodsChapter 2 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 63–94 in the print edition.
Part Two: Gratuitous Goods in a Free EconomyChapter 8 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 247–260 in the print edition.
The Introduction to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 1–28 in the print edition.
Part Three: Gratuitous Goods and the StateChapter 12 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 364–392 in the print edition.
Part Three: Gratuitous Goods and the StateChapter 10 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 291–332 in the print edition.
Part One: The Nature of Gratuitous GoodsChapter 3 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 95–116 in the print edition.
Part Three: Gratuitous Goods and the StateChapter 11 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 333–364 in the print edition.
Part Two: Gratuitous Goods in a Free EconomyChapter 6 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 179–218 in the print edition.
Part One: The Nature of Gratuitous GoodsChapter 4 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 117–136 in the print edition.
The Preface to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
The Conclusion to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 393–398 in the print edition.
Part Three: Gratuitous Goods and the StateChapter 9 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 261–290 in the print edition.
Part One: The Nature of Gratuitous GoodsChapter 1 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 29–62 in the print edition.
Part Two: Gratuitous Goods in a Free EconomyChapter 5 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 137–178 in the print edition.
Part Two: Gratuitous Goods in a Free EconomyChapter 7 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 219–246 in the print edition.
Two reasons why Trump won't/can't get rid of the IRS:1. It's political suicide to get rid of payroll taxes.2. Tariff revenue isn't nearly enough to fund the federal government at the levels the welfare/spending-addicted voters demand.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
The federal government didn't take charge of immigration policy until the 1880s. In the early republic, almost everyone agreed that immigration policy was a matter for the states.Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
While President Trump‘s tariffs certainly are causing economic harm, they alone could not cause a recession had there not already been years of artificial credit expansion.Read the article here: https://mises.org/mises-wire/theres-only-one-possible-cause-next-recession-and-it-isnt-tariffsThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Is the silver market a victim of price manipulation, or are there other forces at play? Mark Thornton explores the often-misunderstood economics of silver, delving into the theory of "joint supply" to explain why silver prices can sometimes defy conventional wisdom. Mark examines how silver, often a byproduct of other mining operations, can experience a "silver lining" effect during economic downturns, potentially rising in value when other commodities fall. Forget the conspiracy theories for a clear-eyed look at the economic realities that shape the silver market.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Organizations like the European Union and the United Nations are inventions of government elites and are designed to serve the interests of government elites. They centralize political power and do nothing to advance peace or freedom. Discussed on the Show: “We Can’t Fix International Organizations like the WTO. Abolish Them.” by Joseph Solis-Mullen: https://Mises.org/RR_233_A“Subsidiarity and Secession: Bringing the Austrian School to the 21st Century” by Marcos Falcone: https://Mises.org/RR_233_BRegister for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the law of supply and demand does not apply to trade or that the American public will be uncharacteristically fine with higher prices.Read the article here: https://mises.org/mises-wire/trumps-liberation-day-tariffs-are-mistakeThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
International trade is the topic du jour. Mark Thornton shares his recent presentation at the Austrian Economics Scholars Conference about a timely and important book featuring many of your favorite authors, Free Trade in the Twenty-First Century: Economic Theory and Political Reality.“Why Smart People Are Rightly Confused About Tariffs” (Unanimity Podcast): https://Mises.org/U4 "Tariff Increases vs. Tax Cuts" (Minor Issues Podcast): https://Mises.org/MI_107Free Trade in the Twenty-First Century: Economic Theory and Political Reality, edited by Max Rangeley and Daniel Hannan: https://Mises.org/MI_113_BookApril 26 in Phoenix, Arizona, Dr. Robert Malone, Tom Woods, and Tom DiLorenzo will discuss the psychological operations in bureaucratic control, the madness of covid-era “public health,” and the corruption and hypocrisy of our federal bureaucracy. Enter for your chance to win a free ticket at https://mises.org/phoenixraffle25. The deadline is April 1. Winners will be announced the week of April 7.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
It’s been five years since the covid lockdowns of 2020. Ryan McMaken and Tho Bishop take a look at the lessons we learned about the regime, medical staff, and libertarians during one of history’s biggest abuses of state power. Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The leftists destroying and defacing Teslas to protest Elon Musk’s foray into American politics provide the latest example of the American far-left being easily co-opted into playing directly into the hands of the political establishment.Read the article here: https://mises.org/mises-wire/far-lefts-violent-attacks-tesla-are-revealingThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Economic crises don’t just happen—they follow a predictable pattern of boom, bubble, and bust. In this episode, Mark Thornton exposes the true cause of economic crashes: government intervention in money and banking. From the Dutch Tulip Bubble to the Great Depression and beyond, Mark traces how central banks, inflationary policies, and reckless government spending set the stage for financial collapses. Mainstream economists blame "animal spirits," psychological instability, or capitalism itself, but what if the real culprits are the very institutions claiming to prevent crises? Tune in to uncover the truth behind booms, busts, and the destructive cycle of intervention.Additional ResourcesPlaying with Fire: Money, Banking, and the Federal Reserve: https://Mises.org/FireEarly Speculative Bubbles and Increases in the Supply of Money by Doug French: https://Mises.org/BubblesThe Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/CurseBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Our current paper fiat money system comes from a long process of building up state power that destroyed private money, ended truly private banking, and abolished the market system of competing currencies. It took 300 years, and we are now facing the inflationary results.Register for our "Revisionist History of War Conference" now at https://mises.org/RHWBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
While the Trump administration claims it is breaking with the policies of Joe Biden, it is continuing US attacks on the Houthis of Yemen supported by the previous president.Read the article here: https://mises.org/mises-wire/trump-adopts-democrats-terrible-yemen-policyBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
One of the common worries about a hard money like gold or Bitcoin is that large price deflation could make lending and investment impossible because nominal interest rates can't go below 0%. Bob explains why these fears are invalid.The Charts Used in This Episode Can Be Viewed Here: https://Mises.org/HAP491a
The economy is teetering on the edge, and the Federal Reserve’s reckless policies have only made things worse. In this episode, Mark Thornton joins Scott Horton to break down the boom-bust cycle, why inflation isn’t going away anytime soon, and how the Fed’s interventions set us up for even bigger economic disasters. Are we headed for a deep recession, or is something even worse on the horizon? Mark explains the hard truths about interest rates, government debt, and why the next crisis may be the biggest yet.Catch the Scott Horton Show at https://ScottHorton.orgBe sure to follow Minor Issues at Mises.org/MinorIssues
Ryan McMaken and economist Jonathan Newman look at the government's alleged $750 billion gold reserve, how it got there, and why it's time to privatize the gold. Register for our "Revisionist History of War Conference" now at https://mises.org/RHWBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The Civil War is often framed as a moral struggle over slavery, but what if economic control was the real driving force? In this lecture, historian Thomas DiLorenzo challenges the mainstream narrative, arguing that Lincoln’s true priority was preserving federal tariff revenues rather than ending slavery. By tracing how tariffs fueled sectional tensions, DiLorenzo exposes how Northern industrialists benefited from protectionism at the South’s expense—and how Lincoln’s war ensured the federal government’s economic dominance. Was the war really about union and emancipation, or was it a fight to maintain Washington’s grip on the economy?Lecture 1 of 10 from the Steven Berger Seminar: Thomas DiLorenzo on Liberty and American Civilization.
Politicians love to promise "fairer" and "simpler" tax reform, but the reality is that every tax system is built on force and distortion. In this talk, Lew Rockwell dismantles the myth that taxation can ever be neutral, efficient, or morally justified. Whether it’s a flat tax, consumption tax, or a restructured income tax, every scheme still funnels trillions into the hands of bureaucrats while crushing productivity and personal freedom. Instead of searching for a "better" way to take your money, Rockwell asks the real question: Why should the government take it at all?Recorded on 15 January 2005 at The Trouble with Taxation Conference, Charlottesville, Virginia.
President Trump has indicated that a recession could be coming and the pundits are playing the blame game. Don‘t look to anyone in Washington for a coherent explanation for the downturn, however. Look to the Austrians instead.Read the article here: https://mises.org/mises-wire/who-gets-blame-upcoming-recessionBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Does the US government need a gold reserve? No, it doesn’t. The government’s gold is basically an emergency slush fund for elites to use to preserve their political power.Citation: “What share for gold? On the interaction of gold and foreign exchange reserve returns” by Omar Zulaica, BIS Working Papers, No. 906: bis.org/publ/work906.pdfBe sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Bob first reviews the standard libertarian case for legalizing drugs as the way to neutralize the Mexican drug cartels. Then he plays a recent clip where Dave Smith argues that drug prohibition leads to violence because (among other factors) you can't call the cops if someone steals your product. Bob argues that libertarians should stop making this (invalid) argument.Bob's Lessons for the Young Economist: https://Mises.org/HAP490aPart of the Problem Episode 1233: https://Mises.org/HAP490b
Mark Thornton explores the psychology and economics of extractive industries, from mining to energy production. Despite their crucial role in advancing civilization—providing everything from metals to fuel—these industries are now vilified, especially by younger generations influenced by environmentalist ideology. But what are the real economic consequences of restricting resource development? How does political interference in mining and energy affect future supply, prices, and investment opportunities? Tune in as Mark breaks down the myths, the propaganda, and the financial reality behind one of the most misunderstood sectors of the economy.Be sure to follow Minor Issues at Mises.org/MinorIssues
Should we audit the US gold hoard? First, let’s take a look at what the official numbers say about how big the US gold reserve is, where it is located, and how much it is worth in US dollars.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Ryan McMaken and Chris Calton examine the many ways that government intervention has driven up home prices and made affordable homes harder to find. Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
For the first time since the war began, a senior US official criticized Ukraine’s use of conscripts. This is overdue, as conscription is one of the worst tyrannies a government can impose on the people under it, and Americans have now been forced to support it for years.Read the article here: https://mises.org/mises-wire/other-thing-zelensky-got-called-outBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The gold in the US gold reserve is a legacy of the time the US government refused to keep its promise to redeem dollars in gold, and when it reneged on its legal obligations to repay debts in gold. Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
On this episode of Minor Issues, Mark Thornton examines the relentless attacks on Amazon, from labor disputes to environmental concerns. Is Amazon truly exploiting workers, or is the unionization push just a case of economic envy? Mark dissects the claims, debunks myths about wages and working conditions, and explores the economic realities behind one of the world’s biggest employers. Tune in for a straightforward breakdown of Amazon’s labor battles and the broader implications for business and workers alike."Your Kids Are Already Communists, and College Will Make It Worse" (Minor Issues Podcast): https://Mises.org/MI_89"Criticism of Amazon" (Wikpedia): https://Mises.org/MI_109_AMurray Rothbard's 99th birthday is March 2. The Mises Institute is celebrating with its "Murray99" campaign. Everyone who donates $26 or more using the https://Mises.org/Murray99 link will receive a copy of Economic Depressions: Their Cause and Cure and Nations by Consent. The first 26 donors will also receive a Rothbard lapel pin. All donations will fund student scholarships.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Activists in Illinois and Indiana are talking about changing the state borders so separatist Illinois counties can join Indiana. As you'd expect, many politicians hate the idea.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Tom DiLorenzo, Jonathan Newman, Timothy Terrell, and Jason Jewell speak on their experience in academia, the future of education, and promising alternatives to state-controlled education.
Tom DiLorenzo, Jonathan Newman, Timothy Terrell, and Jason Jewell speak on their experience in academia, the future of education, and promising alternatives to state-controlled education.
Tom DiLorenzo, Jonathan Newman, Timothy Terrell, and Jason Jewell speak on their experience in academia, the future of education, and promising alternatives to state-controlled education.
Tom DiLorenzo, Jonathan Newman, Timothy Terrell, and Jason Jewell speak on their experience in academia, the future of education, and promising alternatives to state-controlled education.
Recorded in Tampa, Florida, on February 22, 2025.Special thanks to Liberty Villages and the Shrader family and Greg Roe for sponsoring this event.
Ryan McMaken is joined by Economist and Mises Institute Fellow Kristoffer Hansen to discuss what would have happened if Argentina President Javier Milei had immediately shut down the country's central bank. The same holds for every other central bank, as well. Discussed on the Show"Monetary Reform – The Case for Button-Pushing" by Philipp Bagus: https://Mises.org/RR_228_A"Hoppe versus Milei on Central Banking: Breaking Down the Differences" by Kristoffer Mousten Hansen: https://Mises.org/RR_228_BRegister for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Organized labor, which long has been the bedrock of the Democratic Party, is being courted by the MAGA Republicans trying to bolster their image with the “working classes.” But labor unions are no true friend to the working class.Read the article here: https://mises.org/mises-wire/new-gop-organized-labor-alliance-will-not-help-working-classesBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
There are many important twists and turns in human history, but from the long perspective, the history of humans can be seen as a very positive upward sloping trend in all the important standard of living markers. Why don't Austrian economists talk about trends?"The Goose That Laid the Golden Eggs" (Minor Issues Podcast): https://Mises.org/MI_78"Ludwig von Mises on Trade, Human Development, and Human Progress" by Mark Thornton: https://Mises.org/MI_78_A"Population" (Unanimity Podcast): https://Mises.org/U3Enter the raffle to win a ticket to the Mises Institute's April 26 event in Phoenix at https://Mises.org/phoenixraffle25. The deadline to enter is April 1. Winners will be announced the week of April 7. To learn more about "Our Enemy, The Bureaucracy," visit https://Mises.org/phoenix25Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Recent comments from JD Vance and Pete Hegseth brought the relationship between the US and its allies in Europe into the spotlight. The unfortunate truth is that most of Europe is deep in a self-imposed decline. US taxpayers should not be forced to have any part of it.Read the article here: https://mises.org/mises-wire/trump-cannot-allow-declining-europe-drag-us-downBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
America’s residential mortgage market is mostly controlled by government. Ryan McMaken and Alex Pollock talk about how government corporations like Fannie Mae are fueling America’s housing affordability crisis. For articles and other media by Alex J. Pollock, visit https://Mises.org/PollockRegister for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Can tariff increases make up for the future revenue losses from extending the income tax reductions from President Trump’s first term? This latest political hot potato is a false scenario and a dangerous one. It puts our standard of living at a critical crossroads. Mark Thornton identifies the missing road signs.See also "Why Smart People Are Rightly Confused About Tariffs" (Unanimity Podcast): https://Mises.org/U4 Enter the raffle to win a ticket to the Mises Institute's April 26 event in Phoenix at https://Mises.org/phoenixraffle25. The deadline to enter is April 1. Winners will be announced the week of April 7. To learn more about "Our Enemy, The Bureaucracy," visit https://Mises.org/phoenix25Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Josh Hendrickson is the chair of the Economics Department at the University of Mississippi. He recently brought to Twitter's attention a 41-page document released in November by Stephen Miran, the Harvard PhD whom Trump has nominated as the new chair of the Council of Economic Advisors. The document spells out a strategy of using tariffs and deregulation to Make America Great Again.The 41-Page Tariff Document: https://Mises.org/HAP487aJosh's X Thread Detailing the Document: https://Mises.org/HAP487b
Ryan McMaken and Zachary Yost try to figure out if there is any consistent philosophy that guides Donald Trump’s foreign policy. Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.The World at War by Ralph Raico: https://Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
As Elon Musk takes on federal agencies, the Washington establishment is trying to frame him as an unelected plutocrat using government to help himself and other rich people at the expense of the poor. But these labels apply much more accurately to the establishment itself.Read the article here: https://mises.org/mises-wire/why-they-really-hate-elon-muskBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
This lecture was given to the Department of Economics of the University of Colorado on March 6, 1978. Special thanks to Mr. Fred Glahe for his generous donation of this lecture audio to the Mises Institute.The term Austrian will include people like Shumpeter and Morgenstern. Competition is seen as a state of affairs of perfect knowledge and equilibrium by mainstream economists. This fails to provide explanations as to how those market prices have been achieved.Austrians do not rely on the theory of perfect competition. Each individual reacts to the price which evolves from each of our actions. Austrians endorse Stigler’s concept of continuous upward notion from earlier rivalrous competition. Individuals are free to do the best they can in the market process. Market process is distinct from market equilibrium. Austrians see that at all times there are powerful forces to be discovered and taken advantage of – entrepreneurial profit opportunities. The market process is one of discovery. No outcome is ever known. One learns by experience.
"I make no apologies for being a champion of prosperity and its source, the free-market economy. It is what gives birth to civilization itself."Narrated by Llewellyn H. Rockwell, Jr., 14 February 2006, pp. 25-40.
This lecture was presented to the Department of Economics of the University of Colorado on October 25, 1977. Special thanks to Mr. Fred Glahe for his generous donation of this lecture audio to the Mises Institute.Biographical remarks about Lachmann (1906-1990). Then, Lachmann describes Austrian economics as being subjectivism (individual human action), a certain attitude to time (the future is unknowable), and a distrust of macroeconomic entities (they exist, but Austrians look at macro as mechanistic).Lachmann recommends Menger, Jevons and Walras De-homogenized by William Jaffe for comparisons of these three Austrians. Weiser formulated the principle of opportunity cost. Lachmann says that Bohm-Bawerk’s chief question was what is the origin and nature of the rate of interest. Bohm-Bawerk kept working on the theory of capital. Menger did not like his theory.Hayek called 1904-1914 the Golden Decade of the Austrian School. Mises in 1912 wrote his book on the theory of money and credit. In the 1920s a new generation came forward. Around Mises were Hayek, Haberler, and Fritz Machlup. Lachmann was a student and later colleague of Hayek at the London School of Economics. Hayek was most critical of Keynes’ thesis.Lachmann speaks of the years in the wilderness, during which only Mises’ Human Action was a bright light. Lachmann, speaking in 1977, thinks Austrians are reviving.
Friedrich A. Hayek explains Austrian Economics at the Department of Economics of the University of Colorado on April 28, 1975. Special thanks to Mr. Fred Glahe for his generous donation of this lecture audio to the Mises Institute.A full-employment policy produces unemployment. Keynesian economics became the dominant theory wherein inflation was endorsed as a method of increasing aggregate demand which should boost employment.Hayek opposed this expansionist policy of Keynes. Inflation misdirects labor and distorts prices. Halting inflation produces unemployment. Hayek would prefer to have a better term than equilibrium. It is over simplified.(Anecdote: Hayek was almost deaf in his left ear. Marx was deaf in his right. Hayek suggests this says something about their politics.)
Erick Brimen is the CEO of Honduras Próspera, which is described as a "start up city" that offers choice in regulatory treatment. It is an exciting application of libertarian theory to the messy real world of existing States.Find Out More about Honduras Próspera: https://Mises.org/HAP486a
It was not long ago that signs for “Help Wanted” seemed to be in every store window. However, they are now being replaced with “Store Closing” signs. This switcheroo tells us volumes about how people in the economy are adjusting to the Fed’s money printing business.See also, "Profit and Loss" by Ludwig von Mises: https://mises.org/library/book/profit-and-lossRegister to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://Mises.org/Tampa25. Use promo code Minor25 for 10% off the ticket price.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.Narrated by Millian Quinteros.
The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment.Narrated by Millian Quinteros.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.Narrated by Millian Quinteros.
Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.Narrated by Millian Quinteros.
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.Narrated by Millian Quinteros.
A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.Narrated by Millian Quinteros.
Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.Narrated by Millian Quinteros.
Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.Narrated by Millian Quinteros.
Ryan McMaken and economist Per Bylund discuss the nature of money in our paper-money world. Are Bitcoin and gold money? If not, how do they become money? Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEThe World at War by Ralph Raico: https://Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The media and political outcry that came when President Trump temporarily froze USAID and some domestic funding revealed how the political establishment uses the plight of the most vulnerable people to keep their rigged political system in place.Read the article here: https://mises.org/mises-wire/needy-are-human-shields-american-regimeBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Presented in New York, New York, on Sunday, 14 November 1971.The "Shaping the Future Libertarian Conference" was sponsored by the Society for Individual Liberty and the New York Libertarian Association. This lecture was recorded by Dan Karlan on reel-to-reel audio tape, and generously shared with the Mises Institute by Joseph Buchman.According to Dr. Joseph Salerno, "NEP stands for 'New Economic Policy' which was the official name of Nixon's August 15 wage-and-price freeze, tariff surcharge, closing of the gold window, etc. Ironically, NEP also was the name of Lenin's 1921 policy that moved back from totally centralized communism to allowing money, prices, and profit in certain areas of the economy."
Presented in New York, New York, on Saturday, 13 November 1971. The "Shaping the Future Libertarian Conference" was sponsored by the Society for Individual Liberty and the New York Libertarian Association. This lecture was recorded by Dan Karlan on reel-to-reel audio tape, and generously shared with the Mises Institute by Joseph Buchman.
Presented at Columbia University, New York, on Sunday, 14 March 1971.The "Shaping the Future Libertarian Conference" was sponsored by the Society for Individual Liberty and the New York Libertarian Association, and hosted by the Columbia University Freedom Conspiracy. This lecture was recorded by Dan Karlan on reel-to-reel audio tape, and generously shared with the Mises Institute by Joseph Buchman.
California secession would not change the US into a laissez-faire paradise, but the positive change would be immense.See also Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities by Ryan McMaken: https://Mises.org/BreakingAwayBe sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Gabriel Custodiet speaks with Tom DiLorenzo about his efforts to expose Abraham Lincoln. Pushing against the soft “saint-like” treatment that historians have granted Lincoln, DiLorenzo exposes Lincoln’s totalitarian tendencies, his contribution to the birth of American fiat currency, his war crimes, among other reasons to have disdain for the lauded president. Ultimately DiLorenzo explains how court historians can twist our understanding of history, use this twisting to advance the ends of the status quo, and themselves alter the course of history.The original episode is available at https://watchmanprivacy.com/podcast
No matter how the court rules on birthright citizenship (or anything else), it certainly won’t be the “last word” on the matter, and nothing is decided beyond the short term. Additional Reading“Birthright Citizenship Isn’t Real” by Ryan McMaken: https://mises.org/power-market/birthright-citizenship-isnt-real“Don’t Confuse Immigration with Naturalization” by Ryan McMaken: https://mises.org/mises-wire/dont-confuse-immigration-naturalization“The Problem with the Arbitrary Line between Legal and Illegal Immigration” by Ryan McMaken: https://mises.org/power-market/problem-arbitrary-line-between-legal-and-illegal-immigrationBe sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs. He shows that historically, tariffs only bought in a small fraction of what income taxes currently yield, meaning federal spending would have to be sharply cut in order to phase out the income tax.HAPod Ep. 458 on Tariffs vs. Income Taxes: https://Mises.org/HAP485aBrian Domitrovic's Forbes Article, "Supply-Siders Battle Their Tariff Critics": https://Mises.org/HAP485bTrump on Tariffs: https://Mises.org/HAP485cThe Chart Shown in this Episode: https://Mises.org/HAP485d
Ryan McMaken and Heather Carson discuss how homeschooling is a way to resist and sabotage the many ways the state centralizes power and destroys private institutions. Use code Rothbard25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: httsp://Mises.org/Tampa25Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEThe World at War by Ralph Raico: https://Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.Narrated by Millian Quinteros.
Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness.Narrated by Millian Quinteros.
The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else.Narrated by Millian Quinteros.
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish.Narrated by Millian Quinteros.
The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story.Narrated by Millian Quinteros.
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.Narrated by Millian Quinteros.
Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.Narrated by Millian Quinteros.
President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.Narrated by Millian Quinteros.
In the 1870s and 1880s, and through the 1920s, it's clear that many legislators and judges did not agree that birthright citizenship applied to everyone born in the borders of the US. The modern interpretation is highly debatable.Additional Reading"Why the World Is Giving Up on Birthright Citizenship" by Ryan McMaken: https://mises.org/mises-wire/why-world-giving-birthright-citizenship“Why Birthright Citizenship Is Rare In Europe” by Ryan McMaken: https://mises.org/mises-wire/why-birthright-citizenship-rare-europe“Don’t Confuse Immigration with Naturalization“ by Ryan McMaken: https://mises.org/mises-wire/dont-confuse-immigration-naturalization“The Problem with the Arbitrary Line between Legal and Illegal Immigration“ by Ryan McMaken: https://mises.org/power-market/problem-arbitrary-line-between-legal-and-illegal-immigrationBe sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Making it harder to do business with Americans is not the way to help domestic workers, small businesses, and everyone else in middle America who has been getting ripped off under our current political system.Read the article here: https://mises.org/mises-wire/tariffs-will-not-make-america-great-againRegister to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://mises.org/tampa25.Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
Europe has no countries that offer “birthright citizenship” anymore. The US and Canada are rare exceptions. Most countries that still have it are countries with net out-migration like Mexico.Additional Reading“Birthright Citizenship Isn’t Real” by Ryan McMaken: https://mises.org/power-market/birthright-citizenship-isnt-real“Why Birthright Citizenship Is Rare In Europe” by Ryan McMaken: https://mises.org/mises-wire/why-birthright-citizenship-rare-europe“Don’t Confuse Immigration with Naturalization“ by Ryan McMaken: https://mises.org/mises-wire/dont-confuse-immigration-naturalization“The Problem with the Arbitrary Line between Legal and Illegal Immigration“ by Ryan McMaken: https://mises.org/power-market/problem-arbitrary-line-between-legal-and-illegal-immigration“There Is No Such Thing as Settled Law“ by Ryan McMaken: https://mises.org/mises-wire/there-no-such-thing-settled-lawBe sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Pundits have labeled piggy banks small change, irrational and wasteful, “just sitting around doing nothing.” As usual, they are wrong.Register to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://Mises.org/Tampa25. Use promo code Minor25 for 10% off the ticket price.Enter the 2025 Bitcoin vs. Gold Prediction Contest at https://mises.org/form/bitcoin-gold--2025-entryOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
Biden‘s last-minute pardon of Anthony Fauci was not done to spare an “innocent” person from abuse by dishonest politicians. Biden likely did it to prevent an investigation into Fauci’s actions and background, which could have proved damaging for the political establishment.Read the article here: https://mises.org/mises-wire/why-joe-biden-had-pardon-anthony-fauciRegister to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://mises.org/tampa25.Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
Murphy recently squared off against Nathan Tankus in a ZeroHedge debate focusing on Austrian economics vs. Modern Monetary Theory (MMT). Jonathan Newman watched the debate, and selected three clips highlighting key areas of dispute. Jonathan and Bob elaborate on the issues and anticipate possible MMT replies.Bob's ZeroHedge Debate with Nathan Tankus: https://Mises.org/HAP484aBob and Jonathan's Tag-Team Mises University Lecture on MMT: https://Mises.org/HAP484bBob's Quarterly Journal of Austrian Economics Paper on The Deficit Myth: https://Mises.org/HAP483cWilliam Hutt's The Theory of Idle Resources: https://Mises.org/HAP484d
On January 23, 2025, Mark Thornton appeared on Freedom Works! with Paul Molloy on WTAN AM 1340 in Tampa, Florida. They discussed the recent snow storm in the South, Mark's latest Minor Issues podcast episode on the price of beef, and the Mises Circle in Tampa on February 22."The Price of Beef" (Minor Issues): https://Mises.org/MI_103Register to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://Mises.org/Tampa25. Use promo code Minor25 for 10% off the ticket price.
Economist Jonathan Newman joins Ryan McMaken to discuss how deficit spending and runaway debt is causing price inflation and higher interest rates. Use code Rothbard25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: httsp://Mises.org/Tampa25Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEThe World at War by Ralph Raico: https://Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
In replying to a previous article by Frank Shostak, Douglas French writes that if an increase in the supply of gold ultimately leads to an expansion of bank credit, that is enough to start the boom-and-bust cycles, even if there is no central bank to accelerate the process.Narrated by Millian Quinteros.
Much of the failure of American schools is due to the adherence to a flawed system of teaching students how to read. Homeschoolers often don‘t seem to have that problem, and there is a good reason why.Narrated by Millian Quinteros.
Ralph Raico presents the fundamental political problem of the twentieth century, which remains our fundamental political problem today: How can war—given its appalling destruction—be avoided?Narrated by Millian Quinteros.
The Biden administration, and the political establishment more broadly, is scrambling to ram through policies that a majority of voters just voted against. Their actions expose that their supposed commitment to democracy is a lie.Narrated by Millian Quinteros.
Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet.Narrated by Millian Quinteros.
Those carrying out government directives are even less bound by law than they were a few years ago, and talk about new bureaucrats is beginning to resemble the Kremlinology of the Cold War.Narrated by Millian Quinteros.
One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.Narrated by Millian Quinteros.
"Hurry up and wait" is often the reality of medical care. We shouldn't be surprised to know that long lines and government intervention go together.Narrated by Millian Quinteros.
Lawrence McQuillan from the Independent Institute joins Bob to delve into the regulatory failures and mismanagement behind the wildfire crisis in California. They discuss the environmental policies that exacerbate risks, offer practical solutions to firefighting and prevention shortcomings, and examine the role of private stewardship in mitigating future disasters. This episode overall sheds light on how California’s political landscape and approach to wildfires continues to fuel a recurring tragedy.Lawrence's 2017 Article Detailing the CA's Fire Prevention Problem: https://Mises.org/HAP483aLawrence’s 2019 Golden Fleece Report Submission on Mismanagement in CA: https://Mises.org/HAP483bLawrence’s 2020 Interview on the Reasons Ca’s Fires Keep Happening: https://Mises.org/HAP483cLawrence’s 2024 Article on Lessons From the Lahaina Wildfires:: https://Mises.org/HAP483d
In the US, the price of hamburger meat ended 2024 near a record high of $5.60 per pound. Is there a magic wand to solve the problem of high beef prices, as well as high pork and chicken prices? Yes, actually. Mark Thornton explains.Additional Resources"Where’s the Beef?" (Minor Issues Podcast): https://Mises.org/MI_36"Average Price: Ground Beef" (Federal Reserve Bank of St. Louis): https://fred.stlouisfed.org/series/APU0000703112The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/CurseRegister to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://Mises.org/Tampa25. Use promo code Minor25 for 10% off the ticket price.Enter the 2025 Bitcoin vs. Gold Prediction Contest at https://mises.org/form/bitcoin-gold--2025-entryOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
A major reason the wildfires in LA last week were so destructive is because of how the government intervenes in the home insurance market. Now as the industry falls apart, state officials are blaming climate change and doubling down.Read the article here: https://mises.org/mises-wire/no-climate-change-not-causing-californias-insurance-crisisBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Ryan McMaken and 'Crisis' magazine editor-in-chief Eric Sammons examine how many Christians pay too little attention to the true costs of war. Ryan and Eric also discuss the importance of Just War Theory. Use code Rothbard25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: httsp://Mises.org/Tampa25Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEThe World at War by Ralph Raico: https://Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Democracy is the watchword with the ruling classes, yet a democratic political system does not protect individual freedoms. Indeed, democracy often has become the main road to socialism. It‘s time for some honest discussion.Narrated by Millian Quinteros.
Washington has wielded the sanctions weapon against nearly a third of all nations on earth. It is time to rethink these policies, and one hopes the incoming Trump administration will do just that and change course.Narrated by Millian Quinteros.
A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy.Narrated by Millian Quinteros.
Modern academics are relentless in trying to find any nuances they can from the works of Karl Marx, but they miss the larger issues with his work. Marx was alive and active when the marginalists logically took apart his value theory, but hope springs eternal for Marx‘s supporters.Narrated by Millian Quinteros.
While the US dollar still is the world‘s “reserve” currency, its abuse by the Federal Reserve and federal government has weakened it precipitously. While President-elect Trump recognizes the threats to the dollar, is he willing to do what needs to be done to change the situation?Narrated by Millian Quinteros.
Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place.Narrated by Millian Quinteros.
Some legal “experts” are claiming that the Supreme Court‘s infamous 1857 Dred Scott decision is still used in current law. That, of course, is nonsense. In fact, soon after its passage, many northern states essentially nullified “Scott” at the state level.Narrated by Millian Quinteros.
President-elect Trump has promised changes in economic policies. How well they work and how they will affect us remains to be seen. Here is a look at proposals that have promise—and proposals that are likely to cause harm.Narrated by Millian Quinteros.
The challenge facing economic science is to counter the reactionary counterrevolution by states and governments that smother voluntary cooperation and free human interaction based on liberty. The chains must be thrown off in favor of the libertarian ideal of an anarchocapitalist system.This audio essay is a narration of the keynote lecture by Jesús Huerta de Soto presented at the 8th Conference on Austrian Economics in Madrid on August 2, 2024.
Lincoln, Wilson, and FDR were by far America’s worst presidents because of their shared penchant for dictatorship, corruption, lawlessness, attacking constitutional liberties, warmongering, and imprisoning dissenters and political opponents, as well as economic fascism and federal interventionism.
Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health.Bob's 2009 Mises Article on Krugman: https://Mises.org/HAP482aHuman Action Podcast Episode 481 on Business Cycle Theory: https://Mises.org/HAP482bBob's Mises Article on GDP: https://Mises.org/HAP482c
2024 was a rough year for the Washington establishment as its control over public discourse continued to collapse. While this is an excellent development, the year also previewed the adoption of a new, more fruitful establishment strategy: co-option.Read the article here: https://mises.org/mises-wire/significance-2024-and-challenges-2025Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.Read the article here: https://mises.org/mises-wire/americas-problem-consumerism-governments-faultBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Long before the term "Critical Race Theory" was coined, Ludwig von Mises already was critiquing what he called "racial polylogism," which claims that what passes for truth depends upon racial identity. While people might hold different perspectives, truth still is truth.Narrated by Millian Quinteros.
The world is awash in debt bubbles, but politicians continue to spend, which requires even more central bank intervention—and more bubbles. Max Rangeley has edited The Age of Debt Bubbles, which details the dangers we face and how to stop the current madness.Narrated by Millian Quinteros.
A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.Narrated by Millian Quinteros.
After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if one wishes to be honest.Narrated by Millian Quinteros.
In November, employed workers flatlined yet again as full-time work dropped for the tenth month in a row. Naturally, the Fed plans interest rate cuts.Narrated by Millian Quinteros.
Marx is often portrayed as motivated by love of the working class, but, starting from the time he was a university student, he displayed contempt and hatred for the masses he deemed beneath him.Narrated by Millian Quinteros.
Even though the Pentagon has failed seven audits in a row, defense spending is now 60 percent higher (in real terms) than its old Cold War peak.Narrated by Millian Quinteros.
The Mises Institute is giving away copies of Murray Rothbard's classic, What Has Government Done to Our Money? and it will change how one sees our nation's monetary history. Rothbard presents a clear case for sound money as a basis for civilization itself.Narrated by Millian Quinteros.
Ryan McMaken and historian Christopher Calton take a look at why homelessness is rising and why politicians like California Governor Gavin Newsom are only making it worse. Use code Rothbard25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: httsp://Mises.org/Tampa25Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEThe World at War by Ralph Raico: https://Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
There finally is pushback against Critical Race Theory that has infected higher education and most of our other institutions. Unfortunately, CRT concepts are so embedded in our body politic that the only way to combat them is through revisionist history.Narrated by Millian Quinteros.
In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future?Narrated by Millian Quinteros.
The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped atomic bombs on Hiroshima and Nagasaki. The myth lives on to this day that the bombs ended the war prematurely, saving millions of lives.Narrated by Millian Quinteros.
William Rawle was a well-respected lawyer, legal scholar, an abolitionist, and a believer in the right of states to secede. He described this in A View of the Constitution of the United States of America, which many claimed to have read while at West Point prior to the Civil War.Narrated by Millian Quinteros.
These days, most federally-funded workers are “private” contract and grant workers. These jobs will quickly disappear if we‘re serious about spending cuts.Narrated by Millian Quinteros.
It should be clear from the articles in this book that the Austrian School is thriving. Per Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention.Narrated by Millian Quinteros.
A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny.Narrated by Millian Quinteros.
In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part by pitting recently-freed slaves against southern whites. The outcome was obvious, leading to more than a century of violent racial clashes, all the while strengthening federal power.Narrated by Millian Quinteros.
Replacing the income tax, protecting American workers, serving as a negotiating tool, reducing the national deficit, reducing national debt, and more. We’re told that tariffs are going to do all sorts of great things. Mark Thornton sets the record straight and explains why tariffs are unequivocally a bad thing.Additional Resources“The Goose that Laid the Golden Egg” by Mark Thornton: https://Mises.org/U4_A“Ludwig von Mises on Trade, Human Development, and Human Progress” by Mark Thornton: https://Mises.org/U4_B “The Political Economy of Protectionism” by Thomas DiLorenzo: https://Mises.org/U4_C“Protectionism and Immigration Reform” by Ryan McMaken: https://Mises.org/U4_D“Protectionism Abroad and Socialism at Home” by Ron Paul: https://Mises.org/U4_E“Protectionism Is Not the Answer to the Canadian Fur Trade’s Problems” by Daniella Bassi: https://Mises.org/U4_F“Mises on Protectionism and Immigration” by Matthew McCaffrey: https://Mises.org/U4_G“Herbert Spencer: Protectionism Is Aggressionism“ by Gary Galles: https://Mises.org/U4_H“Protectionism Is Immoral, Unjust, and Corrupt” by James Bovard: https://Mises.org/U4_I“Review of Peddling Protectionism: Smoot-Hawley and the Great Depression by Douglas A. Irwin” by David Howden (QJAE 18, no. 2 ): https://Mises.org/U4_J“Protectionism, War and the Southern Tradition” by Lew Rockwell (The Costs of War): https://Mises.org/U4_K“Protectionism: Origin and Effects” by Thomas DiLorenzo (Mises University 2010): https://Mises.org/U4_L“Free Trade vs. Protectionism” by Carmen Elena Dorobăț (Mises University 2024): https://Mises.org/U4_M“Free Trade vs. Protectionism” by Shawn Ritenour (Mises University 2022): https://Mises.org/U4_N“Free Trade vs. Protectionism” by Lucas M. Engelhardt (Mises University 2023): https://Mises.org/U4_O“Clarifying Economists Arguments about International Trade” by Bob Murphy (Human Action Podcast): https://Mises.org/U4_P“Do Trump Tariffs Make Sense” (The Bob Murphy Show): https://Mises.org/U4_Q“Here’s why Trump thinks tariffs are good for the US — and what the experts say” by Aimee Picchi (CBS News): https://Mises.org/U4_RSubscribe to this monthly podcast at https://Mises.org/Unanimity.Music: “My Universe” ℗ 2006 Kate Higgins (katehiggins.com). Used with permission.
Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.The Diagrams Referenced in this Episode: https://Mises.org/HAP481aHayek's Prices and Production: https://Mises.org/HAP481bRothbard's Man, Economy, and State: https://Mises.org/HAP481cBob's Study Guide to Man, Economy, and State: https://Mises.org/HAP481dRoger Garrison's PowerPoint on the Hayekian Triangle: https://Mises.org/HAP481e
From the economy to foreign policy, Ryan McMaken, Tho Bishop, and Zach Yost take a look at where we’re headed in the next year. Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEThe World at War by Ralph Raico: Mises.org/RaicoWarBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.Narrated by Millian Quinteros.
Modern “antiracist” historians have pursued the myth that the virtuous North engaged in warfare with the South in order to free slaves and end chattel slavery. The historical record, however, tells a much different story.Narrated by Millian Quinteros.
The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy.Narrated by Millian Quinteros.
In 1940, shortly after Nazi armies ran across Europe and conquered France, Ludwig von Mises and his wife, Margit, escaped to the US after a harrowing journey through hostile territory. Here is their story.Narrated by Millian Quinteros.
Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean-Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings.Narrated by Millian Quinteros.
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.Narrated by Millian Quinteros.
The Austrian School of economics traces its roots to the School of Salamanca in medieval times. The scholastics of Salamanca, in turn, were influenced by the canon jurists from the University of Bologna, demonstrating the rich and historic roots of Austrian economics.Narrated by Millian Quinteros.
Mark Thornton looks forward to 2025—and a little bit backwards at 2024—and projects what we might see in the coming new year. He also shares his economic "wish list" for the younger generation in 2025.Enter the 2025 Bitcoin vs. Gold Prediction Contest at https://mises.org/form/bitcoin-gold--2025-entryOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeFollow Minor Issues at https://Mises.org/MinorIssues
Created as a sop to the teachers‘ unions, the Department has presided over huge declines in student academic performances and has played a vital role in politicizing formal learning at all levels. Narrated by Millian Quinteros.
Matt McCaffrey is a former Mises Institute research fellow with an expertise in the American economist (and Austrian fellow-traveler) Frank Fetter. He joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.Dr. McCaffrey's Journal Article: https://Mises.org/HAP480aFrank Fetter's Capital, Interest, and Rent: https://Mises.org/HAP480bMatt McCaffrey, “Frank Fetter and the Austrian Tradition in the United States”: https://Mises.org/HAP480c
Social critics often tell us that capitalism is contrary to the true meaning of Christmas. In truth, markets and entrepreneurs work to make Christmas more joyous and comfortable. Donate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24The World at War by Ralph Raico: Mises.org/RaicoWarGet your “Murray Christmas” Ugly Christmas Sweater: Mises.org/UglyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Commercial real estate in the US faces major problems despite efforts by the Federal Reserve System to prop it up. Bonds used to finance commercial real estate markets are being hit especially hard, and there is no relief in sight.Narrated by Millian Quinteros.
Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal mechanisms that make the outcomes possible.Narrated by Millian Quinteros.
We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”Narrated by Millian Quinteros.
As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.Narrated by Millian Quinteros.
Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.Narrated by Millian Quinteros.
Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”Narrated by Millian Quinteros.
By misusing statistics, the government claims that racial disparities are always caused by racial discrimination and that these disparities can only be rectified by state-directed outcomes. However, government programs have made things much worse.Narrated by Millian Quinteros.
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.Narrated by Millian Quinteros.
Will Americans slay our Leviathan government and restore the American dream? Or, will we fail, and continue to allow cronies, fat-cat politicians, and bureaucrats to live off the fruits of our productive labor? Mark Thornton discusses some pertinent lessons from the French Revolution."The Brilliance of Turgot" by Murray N. Rothbard: https://Mises.org/MI_AThe Turgot Collection: Writings, Speeches, and Letters of Anne Robert Jacques Turgot, Baron de Laune, edited by David Gordon: https://Mises.org/MI_BDonate $25 or more and receive the December Book Bundle: https://Mises.org/MinorIssues24Follow Minor Issues at https://Mises.org/MinorIssues.
Keith Smith, MD is an anesthesiologist and founder of the cash-price Surgery Center of Oklahoma. In the wake of the shooting of UnitedHealth CEO Brian Thompson, Keith explains why US health care is so expensive and how to fix it.The Surgery Center of Oklahoma https://Mises.org/HAP479aThe Story of the $100 Hospital Aspirin: https://Mises.org/HAP479bPrimal Prescription: Surviving the 'Sick Care' Sinkhole: https://Mises.org/HAP479c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Zachary Yost to discuss a new book, The Source of Russian Aggression by Sumantra Maitra. The three talk about the theory of international realism, its application to the military actions of the Russian state in Ukraine and Georgia, and what it means for better understanding foreign policy broadly.The Sources of Russian Aggression: Is Russia a Realist Power? by Sumantra Maitra (PDF): https://Mises.org/MaitraBook"Review: The Sources of Russian Aggression" by Ryan McMaken: https://Mises.org/mises-wire/review-sources-russian-aggressionDonate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24The World at War by Ralph Raico: https://Mises.org/RaicoWarGet your “Murray Christmas” Ugly Christmas Sweater: https://Mises.org/UglyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The Biden administration, and the political establishment more broadly, is scrambling to ram through policies that a majority of voters just voted against. Their actions expose that their supposed commitment to democracy is a lie.Read the article here: https://mises.org/mises-wire/establishments-principles-are-fakeBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
With the demise of the Biden administration, it is time to take a hard look at the DEI programs it imposed. While divisive, simple removal will not solve underlying problems.Narrated by Millian Quinteros.
Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it is necessary for division of labor, which enables social cooperation.Narrated by Millian Quinteros.
The great free-market classical liberal William Leggett believed that Americans do not need politicians telling us on which days Americans ought to be thankful.Narrated by Millian Quinteros.
Critics of free markets claim that the 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state only got stronger.Narrated by Millian Quinteros.
Economist Bryan Caplan has held up the United Arab Emirates as an example of how open borders can be successful. Caplan clearly does not understand how immigration works in the UAE.Narrated by Millian Quinteros.
Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.Narrated by Millian Quinteros.
As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital economy uncreative destruction.Narrated by Millian Quinteros.
In Misesian thinking, only negative outcomes can ever result from dependence on government transfers.Narrated by Millian Quinteros.
While most of us know George Orwell as an authoritative critic of totalitarianism, few people know he was a committed socialist and a lifelong defender of communist Leon Trotsky. While he understood totalitarianism, he never understood socialism.
The original Mont Pelerin Society meeting in 1947 featured Ludwig von Mises, whose warnings about the dangers of socialism and totalitarianism had gone unheeded. In the wreckage of World War II, the truth of his message should have been obvious. It wasn't.Narrated by Millian Quinteros.
While it is often framed in the media as a battle between principled conservatives and an angry, non-ideological movement focused solely on personal loyalty to Trump, the current civil war on the American right is only the latest chapter in a much older story.Narrated by Millian Quinteros.
Austrian economics today needs critics. It doesn‘t need the critics (like Paul Krugman) who cannot give valid and accurate criticisms, but rather people who actually understand the concepts upon which Austrian thinking is built provide a real challenge.Narrated by Millian Quinteros.
Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property. Such regimes depend upon historicism and logical relativism.Narrated by Millian Quinteros.
Even though DEI (diversity, equity, and inclusion) has taken a beating in some state legislatures, it still has a corrupting influence, especially in higher education. As Murray Rothbard pointed out, egalitarians are “at war with nature.”Narrated by Millian Quinteros.
Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism is good. This only gets worse in college.Narrated by Millian Quinteros.
Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the other hand, is built upon realistic assumptions and the acknowledgement that good economics must reflect human action.Narrated by Millian Quinteros.
If you thought federal deficits and spending would go back to normal after the covid panic, you were wrong. If anything, deficits are now on track to be bigger than the covid years.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
The US went from tariffs being the major source of federal government revenue to what we have today under the income tax and payroll taxes. The time scope is from 1789 to the Great Depression. In 1790, 99.9% of federal government revenue is generated by tariffs—the first year we operate under the Constitution. In 1860, still 94% of total fed government revenue is generated by tariffs. Only the War Between the States changes this and we get our first federal income tax.Presented as part of the Mises Institute’s Brown Bag Seminar series on May 19, 2005 in Auburn, Alabama.
Using the heavily marketed movie "Wicked" as his news hook, Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s, including William Jennings Bryan's famous "Cross of Gold" speech. Bob fills in the details about the Wizard of Oz lore, and then explains the economics of bimetallism in the United States.Bob's Book, Understanding Money Mechanics: https://Mises.org/HAP478aThe Wikipedia Article on the Political Interpretations of The Wonderful Wizard of Oz: https://Mises.org/HAP478bThe Wikipedia Article on the Wicked Novel: https://Mises.org/HAP478c
Mises Institute President Tom DiLorenzo joins Ryan McMaken to look at the many ways that the taxes, known as “tariffs,” destroy wealth and empower the state. Donate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampaAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place.Read the article here: https://mises.org/mises-wire/progressivism-and-murder-health-insurance-ceoBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Wage differences between men and women often are automatically attributed to sex discrimination against women. However, as research has shown time and again, other factors are at work.Narrated by Millian Quinteros.
Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.Narrated by Millian Quinteros.
The watchword among progressives this election season is: “Nothing less than our democracy is at stake.” In truth, democracy itself is not in danger, but one can accurately say that “democracy,” as practiced in the US, endangers our lives.Narrated by Millian Quinteros.
Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological individual. However, there are a few pitfalls about which readers should be aware.Narrated by Millian Quinteros.
Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions from taxes and attempts by states to restrict Federal Reserve behavior. Gold is alive and well.Narrated by Millian Quinteros.
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.Narrated by Millian Quinteros.
Historical revisionism is nothing new, and recent attempts to label an “antiracist” approach to history have wrongly been called “revisionist.” To better understand revisionism, one must first be grounded in reality, then apply reality-based thought to studying the past.Narrated by Millian Quinteros.
Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.Narrated by Millian Quinteros.
Mark Thornton discusses why increased government spending not only explains ongoing wayward increases in the GDP, employment, and stock price numbers, but also why so many people decided to vote against the incumbent in favor of the challenger, Donald Trump. The key variable is that government spending in GDP statistics does not reflect true economic value the way your personal spending does."Federal Government: Current Expenditures" (Federal Reserve Bank of St. Louis): https://fred.stlouisfed.org/series/FGEXPNDDonate $25 or more and receive the December Book Bundle: https://Mises.org/MinorIssues24Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
Interest rates, inflation, home prices, and federal spending all pose big challenges to a Trump administration that is ill-prepared to deal with the deep-seated problems in the US economy. Donate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampaAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Recorded on 10 May 1962, and aired on 17 May 1962 during the intermission of the U.S. Steel Concert Hour. Mises had been asked to respond to the question: “Are the interests of the American wage earners in conflict with those of their employers, or are the two in agreement?” The affluence of the rich in a capitalistic economy is not at the expense of the poor. Profits are plowed back into enterprise, benefiting the common man. The typical American worker is also a saver and investor.This rare recording of Mises is made available through the generosity of Bettina Bien Greaves.
David Glasner is a UCLA-trained economist specializing in monetary theory and the history of economic thought. He has disagreed in print with Murphy’s take on the famous Sraffa-Hayek debate. David first explains his general views and then comments on the debate.Bob’s Paper, “A Problem With the Pure Time Preference Theory of Interest”: https://Mises.org/HAP477aDavid’s Paper “The Sraffa-Hayek Debate on the Natural Rate of Interest”: https://Mises.org/HAP477b
Supporters of intellectual property laws claim that people will not innovate unless they are protected by such legislation. In reality, people are more likely to be innovative when they encounter real free markets, not markets characterized by artificial scarcity.Narrated by Millian Quinteros.
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.Narrated by Millian Quinteros.
For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.Narrated by Millian Quinteros.
The Fed lowers interest rates ostensibly to “stimulate” the economy. But while the Fed claims it is strengthening the economy, it actually weakens it through its easy-money policies.Narrated by Millian Quinteros.
While people who “prep” for disaster (called preppers) are ridiculed by political elites and their media, their actions are perfectly rational. In this article, economist Mark Thornton explains why prepping for natural disasters makes economic sense.Narrated by Millian Quinteros.
The political theorist Anthony de Jasay takes on the left‘s ideas of equality, and David Gordon is there to agree—and disagree. Jasay likens the left‘s view of equality to the Indian Rope Trick.Narrated by Millian Quinteros.
The darling of America‘s political elites, Ukrainian President Volodymyr Zelensky, now touts a “Five-Point Plan” that surely will extend the war and ultimately make his country even worse off. It is time to end this farce.Narrated by Millian Quinteros.
Modern progressives are obsessed with collective guilt, demanding that Americans pay reparations for slavery even though it ended in the US 160 years ago. However, by employing collective guilt and collective punishment, those seeking reparations violate natural law.Narrated by Millian Quinteros.
Originally published in the Mises Institute's "Studies in Classical Liberalism" series in 1999.The text of this essay is available at https://mises.org/essays-political-economy/cultural-background-ludwig-von-mises
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services.Narrated by Millian Quinteros.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.Narrated by Millian Quinteros.
Argentina belongs to the large group of countries that have been systematically ruined by their own governments. There is no easy way out of this. Narrated by Millian Quinteros.
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.Narrated by Millian Quinteros.
The outcry from establishment media figures following the decision by the Washington Post and Los Angeles Times to not endorse a presidential candidate shows how out of touch they have become about how much we rely on them.Narrated by Millian Quinteros.
While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.Narrated by Millian Quinteros.
Almost 90 years later, Albert Jay Nock's Our Enemy the State remains a classic and definitive work on examining the state for what it is: a liberty-crushing behemoth. David Gordon takes another look at this important work.Narrated by Millian Quinteros.
In What Has Government Done to Our Money? Murray Rothbard changes your whole view of the world—not just money. He opens our eyes and clarifies the mysteries of money, banking, and the role of government.See also Economic Depressions: Their Cause and Cure by Murray Rothbard: https://Mises.org/CureOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
In 1997, Bryan Caplan wrote an essay explaining why he was no longer a self-described Austrian. Recently, a reader asked him to comment on that essay. Bob reacts to Bryan's current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial.Bryan Caplan's Recent Article: https://Mises.org/HAP476aBryan Caplan's "Why I Am Not an Austrian Economist": https://Mises.org/HAP476bHoppe's Economic Science and the Austrian Method: https://Mises.org/HAP476cBob's Cambridge University Press Article on Böhm-Bawerk's Critiques: https://Mises.org/HAP476dA Modern Guide to Austrian Economics: https://Mises.org/HAP476eBob and David Freidman, "The Chicago Vs. Austrian School Debate": https://Mises.org/HAP476f
In this episode, Ryan McMaken takes a look at how the domestic and commercial rituals of the Thanksgiving holiday are things that communists really don't like. Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampaAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
It is unlikely many of the Department of Government Efficiency’s recommendations will ever be implemented. The value of the DOGE lies in how it exposes government waste.Read the article here: https://mises.org/mises-wire/dont-sell-doge-short-yetBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
The gold standard hampers the growth of government power, which helps people more effectively fight bad policy—like the disastrous War on Drugs.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeFollow Minor Issues at https://Mises.org/MinorIssues
Bob discusses common talking points that pro-free-trade economists often use when making the case against tariffs. The purpose is to facilitate discussion so both sides have a deeper understanding of the subtle issues involved.Bob's Article on Trade Deficits: https://Mises.org/HAP475aSteve Landsburg on Obama's State of the Union Remarks about Exports: https://Mises.org/HAP475b
Ryan McMaken and Zachary Yost look at some of the ways Trump’s foreign policy might actually be a step in the right direction. Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: Anatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't need government-based rules because markets effectively regulate themselves.Narrated by Millian Quinteros.
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.Narrated by Millian Quinteros.
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.” But at least even Bryan favored silver money. Today‘s political candidates will crucify us on a cross of paper.Narrated by Millian Quinteros.
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of civilization. The outcome of the American war of secession proved that point eloquently.Narrated by Millian Quinteros.
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics.Narrated by Millian Quinteros.
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.Narrated by Millian Quinteros.
One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.Narrated by Millian Quinteros.
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be “reformed.”Narrated by Millian Quinteros.
One does not need to be an advocate of open borders to have concerns when one hears about a federal law enforcement agency engaging in a “crackdown.”See also "A Free-Market Guide to Trump’s Immigration Crackdown" at https://mises.org/mises-wire/free-market-guide-trumps-immigration-crackdownBe sure to follow the Loot and Lobby podcast at https://Mises.org/LL
Had Republicans not vastly expanded federal criminal law during the infamous Wall Street prosecutions 40 years ago, lawfare would not have become such a potent political weapon.Narrated by Millian Quinteros.
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.Narrated by Millian Quinteros.
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.Narrated by Millian Quinteros.
For all of the talk about Kamala Harris being a socialist, she certainly does not advocate socialism of the kind we have seen under the old USSR or Mao’s China. Instead, her version has characteristics of Italy in the 1920s and the more notorious German version of the 1930s.Narrated by Millian Quinteros.
There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.Narrated by Millian Quinteros.
Kamala Harris claims that she simply wants food prices to be lower. However, her de facto price fixing scheme would create food shortages and raise the real price of food. Of course, when that happens, Harris simply will blame capitalism.Narrated by Millian Quinteris.
David Gordon takes another look at Thomas Nagel's Equality and Partiality. While he finds some of Nagel's arguments appealing, they still are inferior to Murray Rothbard's systematic interpretation of natural rights.Narrated by Millian Quinteros.
In this review of Scott Horton's book, Enough Already, we see that the wars the US has waged for the past quarter century in the Middle East have been a disaster. Millions of deaths and a massive refugee crisis later, the unmistakable verdict is in.Narrated by Millian Quinteros.
While it is often framed in the media as a battle between principled conservatives and an angry, non-ideological movement focused solely on personal loyalty to Trump, the current civil war on the American right is only the latest chapter in a much older story.Read the article here: https://mises.org/mises-wire/context-behind-donald-trumps-takeover-american-rightBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Ryan and Tho examine the role that ideology and interest groups will have on Trump's administration and on his political appointees.Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: Anatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Since 1956, few presidential candidates have managed to get more than 51 percent of the vote in national elections.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law in a very questionable way to try to put Donald Trump in prison, while Trump promises to retaliate if he is elected.
With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism. Ludwig von Mises also was there as a lonely voice defending laissez-faire and the free market economy.Narrated by Millian Quinteros.
Even if whole regions of the country vote overwhelmingly against a president, they are still forced to submit to four years of that president’s rule-by-decree.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.Narrated by Millian Quinteros.
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more. The permanent regime of inflation and asset bubbles is the result.Narrated by Millian Quinteros.
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.Narrated by Millian Quinteros.
A recent fraudulent check-kiting scheme featured on TikTok bears resemblance to some of the "free money" schemes that have been coming from the Federal Reserve.Narrated by Millian Quinteros.
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.Narrated by Millian Quinteros.
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs on goods imported from outside the country.Narrated by Millian Quinteros.
The Fed wants independence so it can serve the interests of the banker class. There is no higher principle here. There is only power.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
After explaining the backstory of how Bob put forth a proposal for codifying property rights in space-based resources, Bob then explains how the prospect of a future inflow of extraterrestrial riches could boost the standard of living on Earth in the near term.Bob Murphy Show, "Scott Horton on American Interference in the 1996 Russian Election": https://Mises.org/HAP473a
Ryan and Tho talk about what Donald Trump must do if he wants to actually fix our mounting economic problems of stagnation, debt, and inflation. Register for Elections and the Economy: Do They Really Matter? in Fort Meyers, Florida, on November 9: Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: Anatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
As Murray Rothbard often noted, freedom of association is a fundamental right, what he called a “subset of private property rights.” Unfortunately, our modern cancel culture has taken aim at this right, taking away the voluntary nature of human interaction.Narrated by Millian Quinteros.
Democracy, or at least the “democracy” that ensures the “right people” are elected, is the religion of American progressives. Despite its obvious failures, however, progressives claim that democracy is the Holy Grail of governance. Why people believe this is another question.Narrated by Millian Quinteros.
While some economists are lauding the idea of the “entrepreneurial state,” the reality is that such a term turns the very concept of entrepreneurship on its head. By nature, the state cannot act as an entrepreneur.Narrated by Millian Quinteros.
In its so-called war against “hate,” the state determines who are the villains and then instructs everyone else to hate the “haters.” As one might expect, the state then engages in a campaign of vilification and intimidation against the newly-designated enemy.Narrated by Millian Quinteros.
Legal philosopher Jeremy Waldron in his book The Rule of Law and the Measure of Property challenges the Lockean view of legitimate property ownership. David Gordon sheds light on Waldron's confusing positions.Narrated by Millian Quinteros.
The Fed claims things are going very well, but Fed Chairman Jerome Powell got three questions at the press conference that he had trouble answering honestly.Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL
As American culture becomes dominated by militant feminism, a new voting group of dissenters is arising: young male voters. These are young men that believe that the system is stacked against them, which is why Trump's populism appeals to them.Narrated by Millian Quinteros.
Government education is a self-perpetuating monster and has been for a long time. While parents and organizations seek accountability, the dynamics driving government education point to a powerful and unaccountable bureaucracy that serves its own interests.Narrated by Millian Quinteros.
Donald Trump’s win last night is arguably an even bigger repudiation of the establishment than his win in 2016. And that’s worth celebrating. But there is much the electorate still needs to understand about how those in power are ripping us off if we’re ever going to see an end to it.Read the article here: https://mises.org/mises-wire/why-trumps-victory-matters-and-why-it-doesntBe sure to follow the Guns and Butter podcast at Mises.org/GB
The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are we to do?
The 2024 election will provide few solutions to the underlying pressures eroding American political norms. Regardless of the outcome, half the country will feel like they live under an occupational government.
We have crossed the boundary that lies between Republic and Empire. If you ask when, the answer is that you cannot make a single stroke between day and night; the precise moment does not matter. There was no painted sign to say: “You now are entering Imperium.” Yet it was a very old road and the voice of history was saying: “Whether you know it or not, the act of crossing may be irreversible.”This article appeared in a 1966 issue of Left and Right, edited by Murray Rothbard, and is a condensed version of Garet Garrett’s pamphlet, The Rise of Empire, published in 1952, and included in his collection The People’s Pottage (Caldwell, ID: Caxton Printers, 1953): https://mises.org/articles-interest/american-empire
«En 1988, Murray Rothbard escribió una gran monografía titulada Ludwig von Mises: erudito, creador, héroe. Me gustaría concentrarme hoy en la tercera de las cualidades, Mises como héroe».
El empleo en el sector privado cayó en 28.000 puestos en octubre. El crecimiento global del empleo sólo fue positivo gracias a los empleos gubernamentales, financiados por el déficit federal galopante.
Government's power to control our lives—its power to tax and spend, and the enormous, but largely cloaked power to print money—has created the “great divide” in America. Unfortunately, it has pitted Americans against each other."Main Street Uncertainty Reaches All-Time High" (Small Business Optimism Index, September 2024): https://Mises.org/Minor_93_AOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeFollow Minor Issues at https://Mises.org/MinorIssues
Mises Fellow Kristoffer Hansen joins Bob to discuss Mises’ perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen’s work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic.Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle.Kristoffer’s Article in the QJAE, “Sound Money without Free Banking”: https://Mises.org/HAP472aKristoffer and Jonathan Newman’s Article in the QJAE Clarifying Rothbard’s Definition of Inflation: https://Mises.org/HAP472bHuman Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: https://Mises.org/HAP472c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about the possibilities after next week’s election. What should we expect from a Harris Administration? What could happen with Trump 2.0? What actually matters?“The Establishment Media Is Unaware of Its Growing Irrelevance” by Connor O’Keeffe: https://mises.org/RR_211_A“Trump’s Latest Tariff Plan Just Replaces One Tax with Another” by Ryan McMaken: https://mises.org/RR_211_B“It’s Good to be Skeptical of Elections” by Connor O’Keeffe: https://mises.org/RR_211_C“The Revolution Continues: The Ranks of Anti-Fed Republicans Grow” by Tho Bishop: https://mises.org/RR_211_DRegister for Elections and the Economy: Do They Really Matter? in Fort Meyers, Florida, on November 9: Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: Anatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
It is always a mistake to advocate government action, for there is no way you can fully anticipate how government will be used. Nor can you ever count on a slice of the population to be moral in its advocacy of the uses of the police power.This article was originally published in 2004: https://mises.org/mises-daily/reality-red-state-fascism
Argentina pertenece al gran grupo de países que han sido sistemáticamente arruinados por sus propios gobiernos. No hay salida fácil.https://mises.org/es/mises-wire/nueve-meses-de-javier-milei-como-presidente-de-argentina-un-balance-critico
The outcry from establishment media figures following the decision by the Washington Post and Los Angeles Times to not endorse a presidential candidate shows how out of touch they have become about how much we rely on them. Read the article here: https://mises.org/mises-wire/establishment-media-unaware-its-growing-irrelevanceBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Einstein's name is synonymous with brilliance, yet his great intelligence did not translate to logical economic thinking. Instead, Einstein embraced socialism, thinking that one could guide an economy like one guides a mathematical equation.Narrated by Millian Quinteros.
Trump’s tax reform just replaces one tax with another. And would probably result in higher taxes. Be sure to follow the Loot and Lobby podcast at Mises.org/LL
One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.Narrated by Millian Quinteros.
While the US dollar is the world's “reserve” currency—at least for now—the reckless spending and money creation policies of the US government place the dollar in peril.Narrated by Millian Quinteros.
Progressives claim that the state grants us our rights, and that liberty can flourish only in the presence of a powerful state. The truth runs in the opposite direction.Narrated by Millian Quinteros.
As real wages decline and middle-class savings are depleted, the government expands its influence, garnering support from a substantial portion of the populace.Narrated by Millian Quinteros.
Would America’s federal government deliberately undermine recovery efforts to try to achieve its own desired political ends? Of course.Narrated by Millian Quinteros.
“In 1988, Murray Rothbard wrote a great monograph called Ludwig von Mises: Scholar, Creator, Hero. I'd like to concentrate today on the third of the qualities, Mises as a hero.”Narrated by Millian Quinteros.
In the spirit of a new Cold War, Matthew Kroenig and Dan Negrea have written a new book, We Win, They Lose: Republican Foreign Policy and the New Cold War, which tries to fuse the foreign policies of Ronald Reagan and Donald Trump. The result is a foreign policy Frankenstein.Narrated by Millian Quinteros.
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.Read the article here: https://mises.org/mises-wire/its-good-be-skeptical-electionsBe sure to follow the Guns and Butter podcast at Mises.org/GB
On this episode of Radio Rothbard, Jonathan Newman joins Ryan McMaken and Tho Bishop to discuss the Mises Institute’s new documentary, Playing With Fire: Money, Banking, and the Federal Reserve, and respond to some friendly critics about the continuing importance of Austrian Business Cycle Theory in the modern financial world.“A Modest Proposal to End Fed Independence” by Joseph T. Salerno: https://mises.org/RR_210_A“Who Starts Business Cycles? Banks or the Fed?” by Jonathan Newman: https://mises.org/RR_210_B“The Federal Reserve and the Regime Are One and the Same” by Ryan McMaken: https://mises.org/RR_210_C“Playing With Fire – a Very Disappointing and Factually Incorrect Mises Article on Money” by Mike Shedlock: https://mises.org/RR_210_D“The Role of Shadow Banking in the Business Cycle” by Arkadiusz Sieroń: https://mises.org/RR_210_EAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Modern historians romanticize the reign of the Tudors in England, but in reality, they were brutal to their subjects and they centralized power to the detriment of the people. Governments today continue this march against freedom.Narrated by Millian Quinteros.
Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.Narrated by Millian Quinteros.
Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life.Narrated by Millian Quinteros.
John Hasnas has written a new book outlining how societies operate with mutual cooperation and common law. According to David Gordon, it is a major contribution to libertarian social thought.Narrated by Millian Quinteros.
Vegas expected Renato “Sound Money” Moicano to lose his UFC fight against Benoit Saint Denis. Instead, he won and used the opportunity to promote the work of another Austrian economist. This time, it was Hans-Hermann Hoppe.Narrated by Millian Quinteros.
The Old Right was a principled band of intellectuals and activists, who fought the “industrial regimentation” of the New Deal. They loathed tariffs and saw protectionism as a species of socialist planning.Narrated by Millian Quinteros.
Western governments are keen on pursuing “hate crimes” and criminalizing what it calls “hate symbols.” However, these governments reserve to themselves just how one defines “hate,” which is nothing more than an attack upon free speech.Narrated by Millian Quinteros.
The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists.
The two-percent price inflation target is just a political slogan, and the Fed has many ways of ignoring its supposed two-percent target.Be sure to follow the Loot & Lobby podcast at https://Mises.org/LL
In August, the money supply grew at the fastest rate in 23 months. The Fed fears a recession, so we can now expect even more monetary growth.For graphs and more, read https://mises.org/mises-wire/money-supply-growth-hit-23-month-high-and-fed-wants-moreBe sure to follow the Loot & Lobby podcast at https://Mises.org/LL
What explains Bitcoin? Why does it exist, and why is “nothing” worth $70,000 a piece? Moreover, there are millions of owners of Bitcoin and other cryptocurrencies and yet few real transactions take place relatively speaking. How does this relate to the coming of a BRICs currency, the reserve status of the petrol-dollar, and the war on cash?Mark Thornton discusses Gresham’s Law, one of the most ancient and impactful principles of modern human society.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeFollow Minor Issues at https://Mises.org/MinorIssues
As monetary authorities continue to inflate the money supply, they inflict more and more damage upon the currency. Unfortunately, as the economy falters under the inflationary regime, the “solution” always is to ramp up inflation.Narrated by Millian Quinteros.
Home prices continue to rise as the government tries to further intervene into the housing markets, all in the name of the “American Dream.” However, remember that these massive increases in housing prices began when the government decided to make housing more “affordable.”Narrated by Millian Quinteros.
What if we could have eavesdropped on a conversation between Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen? It might have gone as follows....Narrated by Millian Quinteros.
One of the outcomes of the American Civil War was the movement toward centralization of political power in Washington. The Reconstruction regime imposed upon the former Confederate states following the war was an overt attempt to further impose federal power there.Narrated by Millian Quinteros.
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions enhance is more government power.Narrated by Millian Quinteros.
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law. Ludwig von Mises, however, knew that the welfare state is the ubiquitous slippery slope.Narrated by Millian Quinteros.
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system to work, protecting private property, and so on. But there is more.Narrated by Millian Quinteros.
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility.Narrated by Millian Quinteros.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Ryan, Tho, and Zach Yost talk about some recent efforts by Polish lobbyists to shame Americans into spending more treasure (and maybe also American lives) on waging wars for Eastern European states. "Europe's Interests and Ours" by Zachary Yost: https://mises.org/RR_209_AAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Mises Institute faculty and scholars explore the nature, history, and consequences of the state, and how the state has sought to control every aspect of daily life through control of money, education, markets, and more. Presented in Hilton Head Island, South Carolina, October 11–12, 2024.
Why do people prep? The mainstream media demeans preppers as irrational and out of touch with reality. From a scientific point of view, however, prepping is rational, efficient, and very normal.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
Dr. Philipp Bagus explains the main ideas from his new book, Full Reserve Banking versus the Real Bills Doctrine, which defends Misesian business cycle theory from a recent critique. Bagus provides an in-depth criticism of the Real Bills Doctrine, emphasizing the importance of real savings in economic stability. He defends full reserve banking and critiques fractional reserve systems for creating money without real economic backing, leading to inflation and business cycles.Full Reserve Banking versus the Real Bills Doctrine: https://Mises.org/HAP469aBob’s Study Guide to The Theory of Money and Credit: https://Mises.org/HAP469bPhilipp Bagus, “Entrepreneurial Error Does Not Equal Market Failure” https://Mises.org/HAP469c
The Ukraine war rages on and while the media and political classes repeat the “Putin started it” mantra, the evidence points elsewhere. The US government and its European allies have provoked Russia for years, hoping it would lead to an outbreak of war.Narrated by Millian Quinteros.
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.Narrated by Millian Quinteros.
Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real savings.Narrated by Millian Quinteros.
In the past four years, a number of monuments honoring the Confederacy have been torn down or removed. As we have seen before, however, the activism behind this movement will not stop with just taking down Confederate symbols.Narrated by Millian Quinteros.
When discussing the homeless situation in the US, Star Trek does not usually come to mind. However, one episode from about three decades ago was both insightful and prophetic in presenting what would be homelessness in San Francisco.Narrated by Millian Quinteros.
Remember when progressive governments outlawed church gatherings but sanctioned sex orgies? Yes, it really happened.Narrated by Millian Quinteros.
While Henri Bergson did not point his intellectual abilities toward politics, lesser men who were unscrupulous commandeered his ideas to promote their own collectivist ideologies.Narrated by Millian Quinteros.
We must first build institutions that can replace the state. Institutions like families, churches, and schools.“We’re in the Middle of a Long War with the State” by Ryan McMaken: https://mises.org/RR_208_A“The State: Its Rise and Decline” by Martin van Creveld: https://mises.org/RR_208_BAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
September’s job numbers were driven by big increases in government jobs and part-time work.Be sure to follow the Loot & Lobby podcast at https://Mises.org/LL
The political zeitgeist is to embrace protectionism, leading some who support free trade to embrace open borders. However, as Murray Rothbard explained, people and societies are complex entities and what may work for trade does not work for open immigration.Narrated by Millian Quinteros.
Many proponents of free markets have tried to cast aside the name “capitalism” as a descriptor of the market system. They should take caution before doing so.Narrated by Millian Quinteros.
Many proponents of free markets have tried to cast aside the name “capitalism” as a descriptor of the market system. They should take caution before doing so.Narrated by Millian Quinteros.
The more things change, the more they remain the same. In our present age of inflation, we are reminded of how Diocletian and other Roman authorities ordered price controls and other measures to hold down prices. None of these edicts were successful in bringing down prices.Narrated by Millian Quinteros.
The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.Narrated by Millian Quinteros.
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and how this system undermines economies. Thus, it is important to demystify these systems.Narrated by Millian Quinteros.
The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a decision like this, to avoid “spooking markets”, though this veneer is easy to see through.Narrated by Millian Quinteros.
After Trump narrowly escaped another assassination attempt, the establishment seems uninterested in the motives of the would-be shooter. Perhaps that’s because he’s echoing the same simplistic narratives about the Ukraine war and Trump that they demand we all believe.Narrated by Millian Quinteros.
Children in the US are raised to be communists. Most of the parents are, too, and don’t even know it. It doesn’t matter if you send them to public or private schools, as all degree-granting schools bias the learning process against the competitive, capitalist, “liberal,” open-minded society—even though its benefits are all around us helping to feed, cloth, house, and protect us.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
Paul Cwik revisits the podcast to explain his new book, which aims to simplify ABCT for economics students and professors, especially those teaching at the principles level. Dr. Cwik critiques mainstream economic theories for oversimplifying business cycles, arguing that the Austrian theory better explains systemic errors and the boom-bust cycle driven by distorted interest rates.Dr. Cwik's New Book, Austrian Business Cycle Theory: An Introduction: https://Mises.org/HAP468aRoger Garrison's Famous Lecture, "The Austrian Theory of the Business Cycle": https://Mises.org/HAP468bRichard Ebeling's Monograph, The Austrian Theory of the Trade Cycle: https://Mises.org/HAP468cCarilli and Dempster, "Expectations in Austrian Business Cycle Theory: An Application of the Prisoner’s Dilemma": https://Mises.org/HAP468dThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Patrick Newman. The three discuss Dr. Newman's upcoming book, Cronyism: Rise of the Corporatist State, 1849–1929, the importance of historical revisionism in the battle against statism, and the dynamics that led to American politics being captured by special interests.Become a patron for Cronyism: Rise of the Corporatist State, 1849–1929 at https://Mises.org/Cronyism2"How the New York Times Stole the Presidency" by Tho Bishop: https://Mises.org/RR_207_A"Why We Need Revisionist History" by Llewellyn H. Rockwell Jr.: https://Mises.org/RR_207_B"Why We Need True History and Good Historians" by Ryan McMaken: https://Mises.org/RR_207_CLiberty vs. Power Podcast with Patrick Newman and Tho Bishop: https://Mises.org/RR_207_DGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Donald Trump and Elon Musk want to make the federal government more efficient. But if the true aim of our political system is not to solve the problems facing Americans but to transfer wealth to the government and the politically-connected, the government is already very efficient.Read the Article Here: https://mises.org/mises-wire/america-doesnt-need-more-efficient-governmentBe sure to follow the Guns and Butter podcast at https://Mises.org/GB
Many “mainstream” economists are bothered by the popularity of economically-flawed policy proposals like tariffs and price controls. It’s their own fault.Read the Article Here: https://mises.org/mises-wire/economically-illiterate-policy-proposals-are-popular-and-economists-are-blame► Donate $5 today to support the Mises Institute’s Fall Campaign and receive a physical copy of Murray Rothbard’s Anatomy of the State: https://mises.org/$5Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
Tom Luongo hosts the Gold, Goats, ‘n Guns podcast and newsletter. He explains the different factions among bankers, including rivalries between New York and San Francisco, and the US versus Europe.Read More from Tom Luongo: https://Mises.org/HAP467a
This Sunday, September 29, marks the birthday of Ludwig von Mises, and all fall campaign donations will be doubled in celebration. Join us! https://Mises.org/mi5John Maynard Keynes was an English “economist” who spawned a revolution in economic thinking that emerged out of a cesspool of socialist thinking in Britain, creating a title wave of anti-economics that overwhelmed and dominated the economics profession worldwide, known as Keynesian economics. His experience as an investor is very instructive of his mindset—and the unfortunate revolution that he brought to the world.Follow Minor Issues at https://Mises.org/MinorIssues.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Aaron Sobczak of the Quincy Institute for Responsible Statecraft. The three discuss conservative calls to revive the “Hamiltonian tradition,” why it stands opposed to the classical liberalism of the American Revolution, and the role it has played in the growth of the modern regime that neo-Hamiltonians claim to oppose.Donate $5 today to support the Mises Institute’s Fall Campaign and receive a physical copy of Murray Rothbard’s Anatomy of the State: https://mises.org/rr5“It’s Always Been Hamiltonian Statecraft” by Aaron Sobczak: https://Mises.org/RR_206_AFollow Aaron on X @aaron_sobczak • Read his work at https://ResponsibleStatecraft.org/author/AaronSobczak“The Return of Hamiltonian Statecraft: A Grand Strategy for a Turbulent World” by Walter Russell Mead (Foreign Affairs): https://Mises.org/RR_206_B“The Unseen Costs of Humanitarian Intervention” by Ryan McMaken: https://Mises.org/RR_206_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.Narrated by Millian Quinteros.
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.”Narrated by Millian Quinteros.
Politicians have long claimed that states are like big families, and that political regimes rule in ways similar to how parents raise their families. This is nonsense.Narrated by Millian Quinteros.
It is understood that Marx's theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so is the scenario that leads to the inevitable triumph of communism. That fact, however, doesn't stop Marx's disciples from employing other fallacies.Narrated by Millian Quinteros.
The best people in the world support the Mises Institute. Will you join them? https://Mises.org/U5In the monthly Unanimity podcast, Mark Thornton explores basic concepts of the world and humanity to unlock the mystery of widespread disagreeableness in society.Subscribe at https://Mises.org/UnanimityMusic: “My Universe” ℗ 2006 Kate Higgins (katehiggins.com). Used with permission.
The common belief regarding state power is that it is always justified and there can be no questioning the state's existence. But is that true? Does state power conform to natural law or is it imposed upon subjected people?Narrated by Millian Quinteros.
The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions.Narrated by Millian Quinteros.
When our ruling classes speak of “believing in democracy,” they are speaking of a romantic version of a form of governance that, in real life, is quite different than the sanitized version presented in our media.Narrated by Millian Quinteros.
The ruling elites of the US are calling for a "return" to "Hamiltonian Statecraft" and to move away from so-called isolationism. However, there has been no time since the end of World War II that the US has been anything but aggressive in its foreign policy.Narrated by Millian Quinteros.
What Murray Rothbard used to call the "Old Right" stood for liberty, freedom of speech, and a free economy. Most importantly, they stood for peace, all in contrast to the "liberals" of their day and ours.Narrated by Millian Quinteros.
Academic historians and archivists have been captured by the hard left and the DEI industry. Not only will the current trends make them bad historians, but it also makes them intolerant people. Mises knew better.Narrated by Millian Quinteros.
Marx built his infamous labor theory of value on the premise that labor itself was a commodity. However, as Mises and other Austrians have noted, Marx failed both at understanding the complexity of labor and subjective value theories.Narrated by Millian Quinteros.
California's 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn't happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another.Narrated by Millian Quinteros.
This week kicks off the Mises Institute’s Fall Campaign. Make a $100+ donation or a recurring donation of $5 or more, and Mark will send you a signed copy of The Skyscraper Curse: mises.org/mi5The hatred and disparagement of gold as money and the gold standard has become standard dogma of and a pillar of the modern State. Mr. Buffet and Mr. Ramsey don’t know what they are talking about and have failed to look at the facts of history—any kind of history—in voicing their opinions. In complete contrast, regular people in society still see gold as an emblem of excellence more than a half century since the last vestige of the gold standard was taken away from us.Follow Minor Issues at Mises.org/MinorIssues.
Please donate $5 today to support our Fall Campaign and receive a physical copy of Anatomy of the State: https://Mises.org/HH5David R. Henderson is a research fellow with the Hoover Institution at Stanford University. He joins Bob to critique a recent Brad DeLong essay, which argued that the US had tried an experiment in "neo-liberalism" and that it failed utterly.DeLong's Article, "America Has No Alternative to Industrial Policy": https://Mises.org/HAP466aHenderson's Critique of DeLong's Article: https://Mises.org/HAP466bBob's Journal Aritcle on 1970s Crude Oil Price Controls: https://Mises.org/HAP466cSubscribe to David's Substack, "I Blog to Differ": https://Mises.org/HAP466d
Ryan, Tho, and Jonathan Newman look at how the state and the media treat homeschooling and why parents are increasingly looking to homeschooling as an alternative. "Taking Back Economics Education" by Thomas DiLorenzo: https://Mises.org/RR_205_AGet free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The Fed is desperate for you to think that "this time is different." Unfortunately, Powell can't seem to come up with explanation of why that is the case.Be sure to follow the Loot & Lobby podcast at https://Mises.org/LL
After Trump narrowly escaped another assassination attempt, the establishment seems uninterested in the motives of the would-be shooter. Perhaps that’s because he’s echoing the same simplistic narratives about the Ukraine war and Trump that they demand we all believe.Read the Article Here: https://mises.org/mises-wire/second-trump-shooter-believed-exactly-what-establishment-media-wanted-him-believe Be sure to follow the Guns and Butter podcast at Mises.org/GB
Despite claims from progressive historians that US slavery was a natural outgrowth of a free market economy, the reality is that slavery would have been much costlier without governments—federal and state—subsidizing it. It is time to set the record straight.
Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope being that, the more confusing the language, the greater the perceived scholarship. Good economics can and should be clearly logically explained.Narrated by Millian Quinteros.
While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments.Narrated by Millian Quinteros.
What is the source of our rights, natural Law or the state? Unfortunately, too many people who should know better choose the latter. David Gordon makes short work of their internal contradictions.Narrated by Millian Quinteros.
The US Armed Forces expand their footprints in the Indian Ocean, not to defend this country, but to expand military power. The Diego Garcia base has left a trail of ruined lives for those forced off their land to make room for yet another military base.Narrated by Millian Quinteros.
As AI continues to develop, so does the hysteria that AI will soon take over and relegate us to a dystopian future. We need to realize that, like so many other tools, AI can have good and bad uses, but it cannot control itself.Narrated by Millian Quinteros.
Yet another discouraging trend in law in the UK, Europe, and the US has been the criminalization of what authorities call “hate speech.” However, much of what passes for such “speech” is innocuous at worst and historically has been protected.Narrated by Millian Quinteros.
Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality. Instead, it presents a distorted picture of genuine economic activity and leads to mistaken conclusions about the economy.Narrated by Millian Quinteros.
Building up non-state institutions is a key factor to being free in an unfree world.Presented in Albuquerque, New Mexico on Saturday, September 14, 2024.
Combined with good ideas, we can find new and better ways to use technology to promote liberty, free markets, and overall societal well-being.Presented in Albuquerque, New Mexico on Saturday, September 14, 2024.
In this episode of the Human Action Podcast, Bob welcomes guest Joshua Mawhorter to discuss his recent article on the role of government in sustaining slavery. The conversation covers several key points, including slave patrols, fugitive slave laws, manumission restrictions, and constitutional subsidies. Mawhorter argues that slavery persisted largely due to government intervention rather than free-market mechanisms and highlights the inefficiencies and extensive costs associated with maintaining the institution. They also touch on modern discussions of reparations and the historical patterns of slavery's abolition in other countries.Josh's Mises Wire Article, "Governments Had a Major Role in Sustaining Slavery": https://Mises.org/HAP465aMark Thornton, "Slavery, Profitability, and the Market Process": https://Mises.org/HAP465bJeffrey Hummel, "The Political Economy of Slavery, Secession, and Emancipation": https://Mises.org/HAP465cJeffrey Hummel, "U.S. Slavery and Economic Thought": https://Mises.org/HAP465dAlan Olmstead, "Cotton, Slavery, and the New History of Capitalism": https://Mises.org/HAP465e
The US government says that there are no limits on its ability to militarily dominate every corner of the globe. Ryan, Zach, and Tho talk about why that’s a lot more expensive than the regime admits. Get free copies of How to Think About the Economy at Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: Mises.org/SS24Be sure to follow Radio Rothbard at Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMugPROMO CODE: RothPod for 20% off
The total number of employed persons has fallen by 66,000 since August of 2023. Moreover, the new job growth is almost all in part-time jobs.Be sure to follow the Loot & Lobby podcast at https://Mises.org/LL
As our government officials crack down on what they call “foreign disinformation,” allegedly meant to influence the 2024 election, it’s worth remembering that they, too, are willing to use disinformation, not only against foreign regimes, but against Americans themselves.Read the article here: https://mises.org/mises-wire/its-also-disinformation-when-our-government-does-itConnor O’Keeffe produces media and content at the Mises Institute. He has a master’s in economics and a bachelor’s in geology.
How do we guard against misinformation when business firms join with government to promote things that simply are false? As Murray Rothbard noted, people still have reason and the free will to make decisions for themselves.Narrated by Millian Quinteros.
The TSA's record for incompetence is astounding, even for a government agency. Any complaints, as this article shows, will be seen as subversion.Narrated by Millian Quinteros.
Are the bans on DEI training and job discrimination in line with the Constitution of the United States, let alone being attacks on free speech? Wanjiru Njoya tries to answer those questions.Narrated by Millian Quinteros.
Progressive and even many mainstream economists believe that cash is a relic from the past and should be replaced with digital money. There are many good reasons why not to follow this course, and no good reasons to replace cash.Narrated by Millian Quinteros.
While the Harris-Walz campaign doesn't publicize the candidates’ records on the Covid-19 lockdowns and mask mandates, voters should know what they did. Not only did the lockdowns create massive economic damage, but they led to many more deaths than lives saved.Narrated by Millian Quinteros.
From 1949 to 1962, American libertarian R.C. Hoiles and Ludwig von Mises corresponded many times, discussing issues relating to state power. While the correspondence at times was acrimonious, nonetheless, it offered valuable insight into the issues we still face.Narrated by Millian Quinteros.
Despite opposition from government at every turn, homeschooling has developed into an industry with astounding resources and high-quality results. Contrast the individual educational tailoring of homeschooling versus the government's version of individual care: the IEP label.Narrated by Millian Quinteros.
Contrary to myths of “Fed independence,” the Federal Reserve and the Treasury Department work closely together to keep monetary inflation going nonstop.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Connor O’Keeffe joins Tho Bishop to talk about last night’s debate. How should we think about the political circus? Will any of it matter in November? And what should we think about the corporate press’s role in the current election? Tune in for this and more.Get free copies of How to Think About the Economy at Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: Mises.org/SS24Be sure to follow Radio Rothbard at Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMugPROMO CODE: RothPod for 20% off
Despite all the money spent on US healthcare, an astounding number of Americans suffer from chronic illnesses. Yet the political establishment has shown no interest in even discussing the issue. It's important to understand why. Be sure to follow the Guns and Butter podcast at Mises.org/GB
While the Ukrainian incursion in Russia’s Kursk region is dramatic, the operation does not change the fact that the Ukrainian position in future talks with Russia continues to grow weaker and weaker. Be sure to follow the Guns and Butter podcast at Mises.org/GB
Trump has taken to calling Kamala Harris a "communist." But a real communist president would be hemmed in by the political class, who wants to keep the profits they’re extracting from us, and limited by a commitment to principles. Harris will not have that problem. Be sure to follow the Guns and Butter podcast at Mises.org/GB
Herbert Butterfield, who taught history at Cambridge, had many insights on the sea changes brought about by World War I and the collapse of the Old World Order. The new order that followed, he realized, was not an improvement over what previously existed.Narrated by Millian Quinteros.
While recent European Parliament elections have raised questions about Ireland’s role in the EU, the truth is that Ireland’s historical role in civilizing Europe reminds us that Ireland is more European than the EU itself.Narrated by Millian Quinteros.
Modern egalitarians play down the idea of free will, claiming that free will is relevant only if individuals have no interference with their choices. Murray Rothbard, on the other hand, recognized that self-ownership and one's ability to engage in reason is enough to recognize free will.Narrated by Millian Quinteros.
While Bitcoin and other cryptocurrencies can boggle the mind with their complex relationships, nonetheless, we are witnessing the development of a parallel economy that has sprung up in the wake of harmful government intervention.Narrated by Millian Quinteros.
Politicians and hedge funds that push “Environmental, Social, and Governance” (ESG) scores and investing do so with the notion of improving social welfare. What they fail to realize is that these concerns are accounted for in human action already.Narrated by Millian Quinteros.
Socialist regimes tend to follow the same playbook: promise much, deliver little, and, in the end, blame capitalism. Venezuela is the latest socialist entity to enter the Failed State Hall of Fame.Narrated by Millian Quinteros.
It may not have been created in the lab of a mad scientist, but the euro is still a manufactured, cobbled-together currency made from a number of national monetary units. Indeed, it is the perfect Frankenstein currency.Narrated by Millian Quinteros.
The Federal Reserve seems to have finally publicly committed to its rate-cutting cycle—specifically the federal funds rate or policy rate. The Fed wanted to remain perceived as coming to the economy's rescue, rather than goosing the stock market higher. But the Federal Reserve is playing a confidence game with the general public, and the Fed can't save you. What insights can we learn from Austrian Business Cycle Theory?"10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity" (Federal Reserve Bank of St. Louis): https://Mises.org/Minor_85Order a free paperback copy of Per Bylund’s How to Think About the Economy at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues
Bob goes solo to explain the contributions of Carl Menger and Ludwig von Mises to monetary theory. He then deals with the critique of David Graeber, who argues that the economists' story of the origin of money is bogus.Bob's Article, "Origin of the Specie": https://Mises.org/HAP464aR. A. Radford, "The Economic Organisation of a P.O.W": https://Mises.org/HAP464bBob's Book, Understanding Money Mechanics: https://Mises.org/HAP464c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about Zuckerberg’s recent letter from Congress, Elon Musk’s showdown in Brazil, and the growing global hostility from governments towards free speech.Get free copies of How to Think About the Economy at Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: Mises.org/SS24Be sure to follow Radio Rothbard at Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMugPROMO CODE: RothPod for 20% off
Harris promises to reduce prices by printing more money, reducing competition, and attacking businesses. Welcome to the US version of Argentina's “Peronism.”Narrated by Millian Quinteros.
Keynesians believe that if there is a bout of inflation, central banks can slowly guide the economy to a “soft landing” which minimizes unemployment and income losses. Such policies, however, only lead to further boom-and-bust scenarios.Narrated by Millian Quinteros.
A few years ago, the leftist publication The Intercept claimed that inflation only hurts the “one percent,” but is “good” for everyone else. The truth is much different, as the Fed’s inflationary policies have benefited the politically-connected crony class.Narrated by Millian Quinteros.
It has been nearly 80 years since US aircraft dropped two atomic bombs on Japanese cities, but today, nations stockpiled with nuclear weapons engage in reckless foreign policies. It is time to recognize the danger irresponsible western governments pose to everyone else.Narrated by Millian Quinteros.
Even though homeschooling is growing in this country and the educational results are overwhelmingly positive, US progressive journalists naturally believe homeschooling is dangerous and in need of “oversight.”Narrated by Millian Quinteros.
Modern mainstream economics bases its theories on utilitarianism. Murray Rothbard, on the other hand, saw economic law as based in natural law. Furthermore, he rejected the legal positivism of our age, again deferring to the law of nature.Narrated by Millian Quinteros.
The flurry of post-Watergate “reforms” supposedly were passed to counteract government abuse of citizens. Not surprisingly, the FISA program, which was aimed at reducing internal government spying became the means of massive growth of the surveillance state.Narrated by Millian Quinteros.
While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately, whoever wins in this contest, we lose.Narrated by Millian Quinteros.
Price inflation is never caused by greed. It's always caused by a growing money supply. The money supply has grown big-time since 2020, and now we pay a lot more for food and housing.Be sure to follow the Loot & Lobby podcast at https://Mises.org/LL
The phrase, old school economics, is often used positively or approvingly by many, but it’s rarely explained. What is this school and where is it located? You can be sure that it is not what is taught in most college classrooms today. It’s definitely not Keynesian or Marxist economics. But what is it?Order a free paperback copy of Per Bylund’s How to Think About the Economy at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls. They also address misconceptions about price gouging and the evolving mainstream narrative on inflation.Bob's Article on Harris's Anti-Price Gouging Proposals: https://Mises.org/HAP463aThe Boston Globe Article Supporting Harris's Proposal: https://Mises.org/HAP463b
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the recent news of Robert Kennedy, Jr., and Tulsi Gabbard joining forces with Donald Trump. The two discuss what this new coalition means for broader realignment between parties, the significance of the crypto industries’ support for Trump, and what lessons can be learned from past political realignments.Get free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
By appealing to tariffs and other forms of economic regulation, Republicans have tossed aside any commitment to free market economics. Unfortunately, their program will lead to more economic stagnation, inflation, and runaway government spending.Narrated by Millian Quinteros.
A recurring myth among progressives is that the state can enforce "fairness." However, given that government cannot even effectively define fairness, one doubts that the state can "enforce" what it doesn't know.Narrated by Millian Quinteros.
Politicians say "greedflation," and profits are what fuels rising prices, but the real culprit is fiat money creation fueled by the central bank.Narrated by Millian Quinteros.
David Gordon reviews J.W. Rich's new book, Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethics and finds much to like about this volume.Narrated by Millian Quinteros.
With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.Narrated by Millian Quinteros.
While Donald Trump is trying to appeal to homeschooling families with his Agenda 47 plan, the reality is that by offering tax breaks and subsidies, the federal government ultimately will be able to regulate homeschooling, and federal control will ruin homeschooling as we know it.Narrated by Millian Quinteros.
The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.Narrated by Millian Quinteros.
Taxing "the rich" won't make life more affordable for ordinary people. The true cause of the affordability crisis is inflation caused by central banks.Narrated by Millian Quinteros.
We already knew recent jobs reports—as far as the establishment survey is concerned, was based largely on made up numbers.Be sure to follow the Loot and Lobby Podcast at Mises.org/LL
The US will add another $2 trillion to the total debt this year, and the US is now spending a trillion of your dollars on interest per year. There is no end in sight.Be sure to follow the Loot and Lobby Podcast at Mises.org/LL
The Fed promises a soft landing, but the fact that the Fed now plans to start cutting interest rates is one of the strongest recession signals we can get.Be sure to follow the Loot and Lobby Podcast at Mises.org/LL
Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.Bob’s Journal of Libertarian Studies Article on The Labor Theory of Value: https://Mises.org/HAP462aHuman Action Podcast Episode 460, “What Does Say’s Law Really Say?”: https://Mises.org/HAP462bDavid Ricardo, On the Principles of Political Economy and Taxation: https://Mises.org/HAP462c
Ryan McMaken and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen. “Krugman: Harris Hasn’t Proposed Price Controls and It’s Good That She Did” by Jonathan Newman: https://Mises.org/RR_200_A“Kamala Wants Price Controls, and It’s Not Because She Has 'Good Intentions'” by Ryan McMaken: https://Mises.org/RR_200_BGet free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Ryan McMaken takes a look at Ludwig von Mises's definition of "democracy" and how democracy only works when mixed with an unlimited right to secession. Get free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The U.S. government is spending trillions of dollars to prop up military ventures around the world. This kind of spending and exhausting of military resources cannot be sustained much longer.Narrated by Millian Quinteros.
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.Narrated by Millian Quinteros.
Contrary to popular belief, China's economy depends much less on central planning than in the past. China is strong in EV development, and the success is due not to government subsidies and direction but to plain good economics.Narrated by Millian Quinteros.
While Kamala Harris accuses Republicans of censoring books and library materials, her press secretary, Brian Fallon, tried to censor opinion articles critical of Eric Holder and the Department of Justice during the Obama years.Narrated by Millian Quinteros.
While many people currently are likely to view the rule of law as simply a collection of arbitrary rules, it involves private property rights and limits on state power.Narrated by Millian Quinteros.
While F.A. Hayek was a promoter of liberty, his work nonetheless often failed to acknowledge just how predatory the state really is. Murray Rothbard understood that the real enemy is the predatory state.Narrated by Millian Quinteros.
One of the excuses for levying protective tariffs is to protect emerging domestic industries. However, this kind of protectionism, contrary to popular opinion, leaves an economy worse off every time.Narrated by Millian Quinteros.
While many are celebrating the Chevron decision that limits the power of federal bureaucracies to interpret federal law, it also may provide an opportunity to change federal policies regarding land ownership in the West.Narrated by Millian Quinteros.
Massive increases in government debts, much of it to foreigners, a willingness to pay for ongoing bureaucratic expenses with budget deficits, and a tidal wave of interest payments on the national debt. Could a so-called Democratic Socialist government be described as a role model for the United States? Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues
With recent market turbulence and new potential recession indicators emerging, Peter St. Onge joins Bob to examine whether market performance accurately reflects the true state of economic health. There is rising debt, growing entitlements, and ongoing structural issues within the US economy, Bob and Professor St. Onge analyze how these factors contribute to our current economic landscape and whether recent developments are indicative of a 1987-style crash or a 2008-style crash.They also explain the Japanese carry trade, its impact on the dollar and Japanese markets, and the recent market fluctuations, including the significant decline in the Japanese stock exchange and the S&P 500. Dr. St. Onge, “Is it Black Monday or Another 2008?”: https://Mises.org/HAP461aFind free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
All politics aside, in the modern capitalistic society, population and population growth—or decline—is a matter of choice. We need not worry about running out of resources, land, people, and energy.See also the "Population" episode of the Minor Issues Podcast: https://Mises.org/Minor64Subscribe to this monthly podcast at https://Mises.org/Unanimity.Music: “My Universe” ℗ 2006 Kate Higgins (katehiggins.com). Used with permission.
War, Economy, and State merges with Radio Rothbard on this episode, with Zachary Yost joining Ryan McMaken and Tho Bishop for a look at the draft. The three discuss the rising interest in the draft throughout the West, including the expansion of selective service in the US and calls for an expanded “citizen army” in Europe. What would a modern draft look like, and what is the potential political fallout?“The Return of the Military Draft” by Raphael S. Cohen: https://Mises.org/RR_199_A“It’s Wrong to Draft Women. It’s Also Wrong to Draft Men.” by Ryan McMaken: https://Mises.org/RR_199_B“The US Military Is Laying the Groundwork to Reinstitute the Draft” by Zachary Yost: https://Mises.org/RR_199_C“The Present Age by Robert A. Nisbet: https://Mises.org/RR_199_D“Why Conservatives Hate War” by William S. Lind: https://Mises.org/RR_199_EGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.
Rachel Maddow, the leftwing broadcaster, tries her hand at rewriting history. Unfortunately, her tendency to see a fascist hiding behind every bush and tree clouds her writing judgment.Narrated by Millian Quinteros.
Following the release of today’s jobs report, it seems serious cracks are now appearing in the media's narrative on our "strong" economy.Narrated by Millian Quinteros.
Libertarians have no problem dealing with how private property should be policed, but what about those areas we call public spaces? Murray Rothbard, not surprisingly, examined the issue thoroughly and had some insightful ideas.Narrated by Millian Quinteros.
With its focus on dismantling the administrative state, Project 2025 represents a refreshingly serious turn for the American right. However, its policy prescriptions remain frustratingly moderate.Narrated by Millian Quinteros.
With the European economy remaining relatively stagnant and government debt levels climbing to disturbing levels, it's possible that some of these countries will see another debt crisis like we saw in Greece more than a decade ago.Narrated by Millian Quinteros.
The United States abolished its first three central banks, and this was followed by a period of immense economic growth. End the Fed? We did it before and can do it again.Narrated by Millian Quinteros.
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.Narrated by Millian Quinteros.
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.Narrated by Millian Quinteros.
With Mises University over and the stock market showing the first crack in its armor, it's time to check the underbelly of the economy’s mighty growth industry.Check out "Big Tech Doesn't Want You Anymore" with Patrick Boyle: https://Mises.org/MI_81Download The Skyscraper Curse by Mark Thornton at https://Mises.org/Curse.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
Bob goes solo to give the historical context and true meaning behind "Say's Law," as well as the caricature presented by Keynesian critics.J.B. Say's A Treatise on Political Economy: https://Mises.org/HAP460aJames Mill, "On the Overproduction and Underconsumption Fallacies": https://Mises.org/HAP460b
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by friend of the show, Peter St. Onge. The three recap the highs and lows of the past week, look at the real state of the economy, and why Americans are forced to care about Japanese monetary policy.“A Fed rate cut will not solve our economic problems” by Connor O'Keeffe: https://Mises.org/RR_198_A“Is it Black Monday or Another 2008?” by Peter St. Onge: https://Mises.org/RR_198_BFollow Peter on X: https://x.com/profstongeSubscribe to Peter's Substack: https://www.profstonge.comGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
In the wake of the Labor Party's huge win in Great Britain, one is reminded that Labor and Conservatives are far more united in their economic and policy viewpoints than they pretend to be.Narrated by Millian Quinteros.
For all the regime's talk about "democracy," it is clear at this point that the White House is run by unelected personnel who are accountable only to technocratic elites.Narrated by Millian Quinteros.
Surprisingly, Project 2025 blames the Fed for exacerbating the cycle of booms and busts, inflating away the value of the dollar, enabling exorbitant deficit spending.Narrated by Millian Quinteros.
While defenders of democracy claim to hold fealty to the U.S. Constitution, they are quick to jettison it when they claim that democracy itself is in peril. David Gordon disagrees.Narrated by Millian Quinteros.
What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.Narrated by Millian Quinteros.
The president's latest episode of "transparency" was the same deceitful behavior that has characterized his administration for the past four years. This time, it is employing deceit to "save democracy."Narrated by Millian Quinteros.
Kamala Harris is more than a continuation of the Obama-Biden progressive interventionism at home and abroad. She's an acceleration.Narrated by Millian Quinteros.
Social justice is a nonsensical term that interferes with the attempts to find authentic justice. It is not about equality so much as it is about imposing outcomes incompatible with a free society.Narrated by Millian Quinteros.
Live at Mises University in Auburn Alabama, Ryan McMaken and Tho Bishop look at the methods of radical libertarians in light of Rothbard’s essay on revolution.“The Meaning of Revolution” by Murray Rothbard: https://Mises.org/RR_197_AGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Critics of capitalism claim that private enterprise gives workers the unhappy choice of either working difficult, low-paying jobs or outright starving. The claim is false and the history of capitalism tells a different story.Narrated by Millian Quinteros.
One of the reasons for the hard-left turn in higher education has been the increasing radicalization of accreditation agencies. It is important for colleges and universities to break away from these agencies and rethink the accreditation process.Narrated by Millian Quinteros.
Alexander Hamilton hated decentralization, and wanted a strong central government, high taxes, and a central bank. Hamilton's legacy today dominates in Washington, DC.Narrated by Millian Quinteros.
The 1866 civil rights law was historical not because it promised racial equality but because it changed the legal relationship between the states and the federal government.Narrated by Millian Quinteros.
Under the regime of apartheid, South Africa's government engaged in legal discrimination. In the new South Africa, the government also engages in legal racial discrimination in the name of "equity."Narrated by Millian Quinteros.
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.Narrated by Millian Quinteros.
The degrowth movement seeks to mitigate climate change by ending economic growth, which is really a move to engage in large-scale depopulation.Narrated by Millian Quinteros.
More than two decades ago, the Federal Reserve joined with the federal government to make housing more affordable. The first housing bubble popped in 2008, and a second bubble is on its way to bursting.Narrated by Millian Quinteros.
Featuring Tho Bishop and Joseph T. Salerno. Recorded on August 3, 2024, at the Mises Institute in Auburn, Alabama.
"Murray Rothbard used this term debamboozle, because the idea is that the state and all of its minions—the media, the universities—they're all in the business of bamboozling the public—confusing the public into thinking the state is benevolent and omnipotent and wonderful."Recorded at the Mises Institute in Auburn, Alabama, on August 3, 2024.
"Self-determination, imperialism, and secession are three ways of looking at the same object. Because, as we will see, the tradition of self-determination is closely connected to the issue of secession, and also its opposite then, imperialism and colonialism."Recorded on August 3, 2024, at the Mises Institute in Auburn, Alabama.
“There are different ways that we can take what we’ve learned here at Mises U and apply it.”A panel featuring Tho Bishop, Felicia Jones, and Jonathan Newman. Recorded on August 3, 2024, at the Mises Institute in Auburn, Alabama.
Mark Thornton reviews Philip Duffy's book about the mysterious Irish banker Richard Cantillon (1680–1734). Many crucial Austrian insights have been found in the economics of Cantillon and his lone surviving publication, Essai sur la Nature du Commerce en General. Indeed, the origins of economic theory itself can be traced to CantilIon.Purchase A Tale of Four Cities: From Invisible Hand to Cancel Culture by Philip G. Duffy at https://Mises.org/DuffyBook.Download An Essay on Economic Theory by Richard Cantillon (edited by Mark Thornton) at https://Mises.org/Essai.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https:?/Mises.org/MinorIssues.
Recorded at the Mises Institute in Auburn, Alabama, on August 1, 2024.Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
People are tempted to think we need government regulation and intervention in product safety.Recorded on August 1, 2024, at the Mises Institute in Auburn, Alabama.
There is no general social benefit from government spending regardless of how it is financed.Recorded on August 1, 2024, at the Mises Institute in Auburn, Alabama.
Every game has a structure that involves three elements: you have players, you have strategies, and you have the outcomes.Recorded on August 1, 2024, at the Mises Institute in Auburn, Alabama.
The application of Austrian economics to the study of games, video games, and virtual worlds.Recorded on August 1, 2024, at the Mises Institute in Auburn, Alabama.
"The market process is cumulative. It builds off of what is. So, if you abolish the regulations, that's going to be better."Recorded on July 31, 2024, at the Mises Institute in Auburn, Alabama.
Comparative institutional analysis of both policing provided by government bureaucracies and by private enterprises that can engage in economic calculation.Recorded on July 31, 2024, at the Mises Institute in Auburn, Alabama.
Threats to capitalism, arguments raised against capitalism, and the importance of liberty.Recorded on July 31, 2024, at the Mises Institute in Auburn, Alabama.
What has been the rhetoric and what has been the reality of trade policy? Where do we stand at this point in time? Why don't trade agreements work? Where should we concentrate our efforts in the future if we want to champion this fight?Recorded on July 31, 2024, at the Mises Institute in Auburn, Alabama.
Is ethics objectively true?Recorded at the Mises Institute in Auburn, Alabama, on July 31, 2024.
Austrian economists understand how we can apply economic laws and concepts to what we see in the real world.Recorded at the Mises Institute in Auburn, Alabama, on July 30, 2024.
The minimum wage is harmful, racist, sexist, and completely unnecessary.Recorded at the Mises Institute in Auburn, Alabama, on July 30, 2024.
“This is a core topic for Austrian economists, because we have a particular way of thinking about competition and the absence of competition in the form of monopoly. that is a little bit different from the way some other economists approach the problem. And this is a perennially important sort of public policy topic.”Recorded on July 30, 2024, at the Mises Institute in Auburn, Alabama.
Austrian business cycle theory is the defining feature of Austrian economics.Recorded on July 30, 2024, at the Mises Institute in Auburn, Alabama.
Capital is the sum of the whole complex of goods destined for acquisition, evaluated in money terms.Recorded at the Mises Institute in Auburn, Alabama, on July 30, 2024.
A modern socialist economy is impossible.Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
"The implication of incorporating into our theory of price, the valuations that we engage in as human beings with respect to time."Recorded on July 30, 2024, at the Mises Institute in Auburn, Alabama.
The entrepreneur is the driving force of the whole market system.Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
What do banks do? What is the difference between loan banking and deposit banking?Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
Money, what it is, where it came from, and why it is essential for just thriving society and economy.Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
"Division of labor really is the market economy."Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
“The word praxeology can be used in two different ways. One is for a science of human action. as developed by Ludwig von Mises and his successors, principally Murray Rothbard. And the other is for the deductive method used in the science of human action.”Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
"Price theory is the cornerstone of the foundation of economic calculation, and economic calculation is the foundation upon which rests our understanding of the market economy."Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
“Menger developed the whole system of economics, and he showed that it was based on subjective value and individual choice based on the principle of margin utility. He was a creative genius.” Recorded on July 29, 2024, at the Mises Institute in Auburn, Alabama.
Includes an introduction by Joseph T. Salerno. Recorded on July 28, 2024, at the Mises Institute in Auburn, Alabama.
Instead of the usual claptrap that characterizes most graduation speeches, someone needs to give a speech that defends liberty and tells the truth about government and capitalism.Narrated by Millian Quinteros.
While protecting “intellectual property” has a good sound to it — even among libertarians — such policies are harmful to authentic property rights. We need to pursue another path.Narrated by Millian Quinteros.
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.Narrated by Millian Quinteros.
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.
Commonsense safety measures are being replaced in our working culture by an impossible “no risk” standard. A culture of “can do” is replaced by the culture of fear.Narrated by Millian Quinteros.
The Washington political establishment's uniform condemnation of the assassination attempt against Donald Trump does not square with the apocalyptic rhetoric they have used to describe him over the past eight years.Narrated by Millian Quinteros.
Issues of immigration are complex. The current system of open borders, detention and expanding access to welfare is destructive to our body politic. We need to come up with a better system that protects the rights of all.Narrated by Millian Quinteros.
Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.Narrated by Millian Quinteros.
Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes. This is relevant because the populist Right is arguing for a hike in tariffs to fund income tax cuts.Bob's Article, "Carbon Taxes and the 'Tax Interaction Effect'": https://Mises.org/HAP458aTrump-Biden Tariff Tracker: https://Mises.org/HAP458bBob and Dave Smith on Open Borders: https://Mises.org/HAP458cFrédéric Bastiat's Candlestick Makers' Petition: https://Mises.org/HAP458d
The great reckoning seems to be following the course that Mark Thornton has been charting by guesswork. In other words, the great train wreck seems to be happening. Mark shares his current outlook.What the Fed does, what the stock market does, and what the economy does cannot be predicted in the same sense that the mechanical and physical sciences can predict simple relationships of physical bodies and forces.“10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity” (Federal Reserve Bank of St. Louis): https://Mises.org/MI_79_GraphDownload The Skyscraper Curse by Mark Thornton at Mises.org/Curse.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss America’s new chapter of late-stage Soviet politics. What does the last week show about where true political power lies in the country, and what can we expect going forward?“Kamala Harris is awful” by Connor O’Keeffe: https://Mises.org/RR_196_A“Unelected technocrats are now the nation’s chief executives” by Ryan McMaken: https://Mises.org/RR_196_B“The party of ‘democracy’ will now choose your candidate for you” by Ryan McMaken: https://Mises.org/RR_196_C“Does J.D. Vance threaten the regime?” by Tho Bishop: https://Mises.org/RR_196_DGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The Biden administration is determined to do an end run around the courts and ram through yet another student loan forgiveness plan. It is not real “loan forgiveness” but just a massive wealth transfer from lower-income to higher-income groups.Narrated by Millian Quinteros.
It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why.Narrated by Millian Quinteros.
Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true.Narrated by Millian Quinteros.
With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based upon social cooperation and peaceful resolution of conflicts.Narrated by Millian Quinteros.
For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history.Narrated by Millian Quinteros.
Progressives promote civil rights viewpoints as being “good for the whole” of society. Yet most of the modern civil rights movements and accompanying legislation simply promote the "good" of one group at the expense of others.Narrated by Millian Quinteros.
When governments seize private firms in the name of nationalization, the moves are usually politically popular. However, it doesn't take long for the nationalized firms to turn into a financial black hole.Narrated by Millian Quinteros.
Utopians are not satisfied with imposing DEI on humans. They also want the state to treat animals as “oppressed” minorities with positive rights.Narrated by Millian Quinteros.
Jason Purcell is an analyst at a major financial institution with a specialty in bond analysis. He joins Bob to discuss his historical analysis of yield curves (in both UK and US) going back to the 1870s, which shows that central banks do indeed manipulate short-term interest rates.Bob's Article on the Inverted Yield Curve: https://Mises.org/HAP457aGoerge Selgin's Cato Article on the Fed: https://Mises.org/HAP457bThe Charts Referenced in this Episode: https://Mises.org/HAP457c
Is equality good and inequality bad?Over the known history of man, increasing economic inequality is associated with rising standards of living for all. Using common analogies, increased economic inequality lifts all boats, and not only increases the size of the economic pie, but also cuts everyone larger pieces of pie.Subscribe to this monthly podcast at https://Mises.org/Unanimity.Music: “My Universe” ℗ 2006 Kate Higgins (katehiggins.com). Used with permission.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the attempted assassination of Donald Trump, asking the question of whether it was extreme incompetence or regime malice.“The Trump assassination attempt exposes the establishment’s deceitfulness” by Connor O’Keeffe: https://Mises.org/RR_195_A“The hope for national unity in the shadow of a failing state” by Tho Bishop: https://Mises.org/RR_195_B“Propaganda: How the media handles Biden’s rapid decline and the Trump shooting” by William L. Anderson: https://Mises.org/RR_195_C“Choose one: Law enforcement at Trump shooting was either incompetent or complicit” by Ryan McMaken: https://Mises.org/RR_195_D“Rothbard in 1972: Another lone nut?” by Murray Rothbard: https://Mises.org/RR_195_EGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
It has been nearly eighty years since the US used atomic warfare on Japan as a way to end World War II. The legacy of that event is not one of peace but of outright madness.Narrated by Millian Quinteros.
Javier Milei’s recent “snub” of Spain's political establishment during a recent visit there may have been a “violation” of diplomatic protocol, but it also was a statement that Spain’s socialism itself is uncivilized.Narrated by Millian Quinteros.
Academic elites claim that there is no objective truth, only social constructs. Thus, people can create their own reality in many areas, and everyone else is expected to accept whatever “reality” is presented—or face serious consequences.Narrated by Millian Quinteros.
Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.Narrated by Millian Quinteros.
While F.A. Hayek saw human ignorance as the basis for what he called spontaneous order, Ludwig von Mises saw human reason as the basis for praxeology.Narrated by Millian Quinteros.
As the progressive Left expands its occupation of our institutions, the concept of truth itself becomes little more than a weapon to utilize to achieve political goals.Narrated by Millian Quinteros.
Last week, Julian Assange was freed and the Chevron doctrine was overturned. These are huge wins for liberty. Not long ago, they felt completely out of reach.Narrated by Millian Quinteros.
For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.Narrated by Millian Quinteros.
Trade is under tremendous threat from both major political parties in the United States and their presidential candidates. In this episode, Mark Thornton discusses his new paper, “Ludwig von Mises on Trade, Human Development, and Human Progress,” explains how Mises examined trade holistically and integrated it into a powerful social theory. Ideologically, the commitment to free trade must be understood and sustained in order for us to continue to receive the benefits of trade in the international division of labor.Download Dr. Thornton's paper, "Ludwig von Mises on Trade, Human Development, and Human Progress" at https://Mises.org/MI_78_AOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
A common complaint is that the 1964 Civil Rights Act started in the “right direction,” valuing so-called equality of opportunity, but then went off the rails with “equality of result.” In truth, the act cannot be reconciled with a libertarian society.Narrated by Millian Quinteros.
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers face; inflation and intervention are the real threats.Narrated by Millian Quinteros.
For all of the media ballyhoo about the CHIPS Act, it really is a page out of the old five-year plans from the Soviet Union. The CHIPS Act will have the same success as befell the Soviets.Narrated by Millian Quinteros.
Environmentalists insist on banning fossil fuels and refrigerant gasses in order to end heat waves. That means people will face future heat waves (which will always be with us) without air conditioning, bringing even more heat-related deaths.Narrated by Millian Quinteros.
The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right.Narrated by Millian Quinteros.
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.Narrated by Millian Quinteros.
What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the EU is heading.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Connor O'Keeffe fills in for Ryan McMaken for a conversation with Tho Bishop and William Yarwood about last week's British election. What caused the collapse of the Torys, what might come from a new Labor regime, and what is the future for Nigel Farage? Tune in for answers to these questions and more.“The Bank of England Made Liz Truss a Scapegoat” by Daniel Lacalle: https://Mises.org/RR_194_A“Why Did Trussonomics Fail So Quickly?” by Kevin Dowd: https://Mises.org/RR_194_B“British Sound Money MP Replaced by Labor Party Apparatchik: A Sign of the Times” by Jack Watt: https://Mises.org/RR_194_CFollow William Yarwood on Twitter at https://x.com/yarwoodwilliamCheck out the TaxPayers' Alliance at https://www.taxpayersalliance.comGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
This 4th of July holiday, take a moment to re-declare independence from your government and commit yourself to being a more appreciative member of your voluntary society—and for the people upon which you depend.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFreeFollow Minor Issues at https://Mises.org/MinorIssues
Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich's latest video about debunking economic myths.Robert Reich incorrectly blames the free market when businesses act on incentives provided by the government. He condenses this information into short, impactful videos for his audience. However, most of what Reich talks about isn't really economics. And when he does discuss economics, he relies on flawed assumptions that have been meticulously refuted over the past century. Bob and Dr. Newman dissect the misconceptions and provide some insights.Robert Reich's "Debunking Economic Myths" Episode 3: https://Mises.org/HAP455aRobert Reich's "Debunking Economic Myths" Episode 4: https://Mises.org/HAP455bDr. Newman's Post on Reich's Episode 5: https://Mises.org/HAP455c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop celebrate Independence Day, respond to the revolution’s critics, and explain why Rothbard viewed it as an example for libertarian strategy.Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREERegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The tainted blood scandal in the UK should be a warning to people about the dangers of the National Health Service. Instead, we hear endless promises of reform that never will happen.Narrated by Millian Quinteros.
Lysander Spooner was one of this country’s most important libertarians. His views on economics, while flawed, are free market in principle and have some insights Austrians can appreciate.Narrated by Millian Quinteros.
The US and Iran have been mortal enemies since 1979. It is clear that the belligerent approach to dealing with Iran has failed. We need to engage policies that promote peace, not warfare.Narrated by Millian Quinteros.
The expansion of "civil rights" places emphasis upon "positive rights" that apply to specific groups with political privilege. This is a far cry from the concept of rights that helped build a free society in the United States.Narrated by Millian Quinteros.
Caitlin Clark, with her array of basketball skills, has filled arenas in her inaugural WNBA season. However, the idea of merit clashes with the leftist, egalitarian mindset that dominates in the league, and the early reaction to her success has been discouraging.Narrated by Millian Quinteros.
Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in the Quarterly Journal of Austrian Economics.Narrated by Millian Quinteros.
Is charity a right held by everyone or should charity be confined to private, voluntary action within a free market? David Gordon argues for the latter.Narrated by Millian Quinteros.
Philosopher Harry Frankfurt definitely was not a product of modern academe, where wokeness and outright humbug rule. He understood that the equal-outcomes portion of DEI was neither possible nor desirable.Narrated by Millian Quinteros.
Mark Thornton looks at the potential for everyone to run for the exits in the financial markets. In the absence of a gold monetary system and full reserve deposit banking, only the Fed can engineer economy-wide liquidity crises or fundamental crises.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree.Follow Minor Issues at https://Mises.org/MinorIssues.
Kyle Anzalone from AntiWar.com and the Libertarian Institute joins Bob to discuss the timeline of Wikileaks and why the US government disliked Julian Assange.This week, Assange was offered his freedom in exchange for admitting to espionage charges, but what exactly did he do? And how can the US prosecute Assange when he is not a US citizen? Bob and Kyle review the facts, including how Wikileaks began, the information they leaked, and the reasons behind Julian Assange's arrest.Kyles Article on AntiWar.com: https://Mises.org/HAP454aKyle's Libertarian Institute Page: https://Mises.org/HAP454b
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the first presidential debate. The event was low on substance but high in significance, with a performance from Joe Biden so bad that not even MSNBC’s Morning Joe could spin it away.Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREERegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The abolition of chattel slavery was a great advancement for human liberty. But many of those celebrating Juneteenth today still accept the core assumptions that underlie slavery.Narrated by Millian Quinteros.
The socialist elites that dominate our institutions insist that private property is nothing more than a social construct held together by violence. As usual, they misunderstand that scarcity itself, which is the basis for economics, is also the basis for private property.Narrated by Millian Quinteros.
In its attempt to claim that the concept of free trade is full of fallacies, The American Compass builds its anti-free trade case upon...fallacies.Narrated by Millian Quinteros.
As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.Narrated by Millian Quinteros.
Murray Rothbard noted that the culture wars are not the result of conservative intransigence but rather of progressive elites’ insistence on forcing new cultural rules on people who don’t want to be coerced.Narrated by Millian Quinteros.
Commercial real estate in the USA is facing a major crisis which could not have been possible without the enabling of the Fed and the draconian restrictions imposed during covid. As commercial real estate prices collapse, the usual suspects call for even more bailouts.Narrated by Millian Quinteros.
What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.Narrated by Millian Quinteros.
President Biden’s student loan forgiveness scheme is really Robin Hood in reverse, transferring wealth from people from lower-income groups to those who are relatively affluent.Narrated by Millian Quinteros.
The decolonization movement seeks to destroy both economics and science, all in the name of social justice. In the end, however, what they get is not justice and certainly not order, but rather chaos, and deadly chaos at that.Narrated by Millian Quinteros.
As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.Narrated by Millian Quinteros.
Various indexes are used to determine the ease of doing business in countries around the world. Not surprisingly, the nations that allow for protection of private property and have economic freedom also are the most prosperous.Narrated by Millian Quinteros.
Thanks to the war uniparty that controls Washington, Americans are mired in endless wars and military and political intervention. As Washington creates legions of new enemies, the future for average Americans grows uncertain.Narrated by Millian Quinteros.
In his 2006 book The Wages of Destruction, Columbia University historian Adam Tooze explains Hitler’s policy of seeking lebensraum (living room). However, Ludwig von Mises (whom Tooze ignores) already explained that policy in his 1944 Omnipotent Government.Narrated by Millian Quinteros.
Alex Pertsev, a developer of Tornado Cash, has been sentenced to prison by a Dutch court for helping build a platform that guarantees financial privacy. If there is one thing the state cannot tolerate, it is someone making financial transactions without government agents watching.Narrated by Millian Quinteros.
Like bad money driving out good money, government intervention can also create Gresham’s law conditions for entrepreneurs. Using the political process, bad entrepreneurs can get government to regulate entrepreneurial competition out of business.Narrated by Millian Quinteros.
As the war in Ukraine drags on in its third year, Ukraine is bleeding and the future is even more gloomy. Unfortunately, even though it is time to end this conflict, the Biden administration continues to demand this war be fought to the last living Ukrainian.Narrated by Millian Quinteros.
Oklahoma City recently approved the construction of the Legends Tower at a record-setting height of 1,907 feet. Is this the skyscraper curse in the making? Or, could it be an indication of a global stock market boom?Download The Skyscraper Curse at https://Mises.org/CurseFollow Minor Issues at https://Mises.org/MinorIssuesOrder a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree
Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.Reason Debate Between Bob and George Selgin: https://Mises.org/HAP453aGeorge Selgin Interview on Free Banking: https://Mises.org/HAP453bSelgin's Response to Bob on Twitter: https://Mises.org/HAP453cRothbard's Economic Controversies: https://Mises.org/HAP453d
In order to vastly expand the regulatory state, the Biden administration is using fake cost-benefit ratios to make its regulations seem less costly and more beneficial. This is clearly fraudulent, but no bureaucrat will be charged with any crimes.Narrated by Millian Quinteros.
The case against Donald Trump was utterly ridiculous. Yet he was convicted anyway. Opponents of the political establishment need to understand why.Narrated by Millian Quinteros.
Ordinary people cannot stop the Fed and the government from inflating the currency, but they can take measures to shield themselves from some of its harmful effects. Mark Thornton presents a few ideas on how it can be done.Narrated by Millian Quinteros.
While our political “leaders” insist that the government is “protecting” us, it offers the same kind of “protection” that mobsters offer: pay us to “protect” you, or we burn down your place with you in it.Narrated by Millian Quinteros.
Long before government mandates and pressure infected businesses and universities with the DEI virus, Ludwig von Mises explained how bureaucracies infect the decision-making process.Narrated by Millian Quinteros.
In the aftermath of Donald Trump's conviction in Manhattan—a political show trial, to be sure—David Gordon reviews Danilo Zolo’s, Victor’s Justice, which examined the Nuremberg Trials following World War II.Narrated by Millian Quinteros.
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.Narrated by Millian Quinteros.
Socialists pride themselves on their supposed good intentions even as they fashion policies that create havoc and harm the people socialists claim to be helping. Ludwig von Mises called it destructionism.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss recent European elections, the apparent collapse of the British Conservative Party, and how inflation and immigration are influencing a new generation of voters.Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Asset forfeiture is another term for state-sponsored theft. Reform of this pernicious policy is almost impossible because of the incentives set up by governments at all levels.Narrated by Millian Quinteros.
David Gordon reviews How to Run Wars, by Christopher J. Coyne and Abigail R. Hall. Their tone is satirical, aimed at showing the folly and corruption that marks the policies of the foreign policy elites.Narrated by Millian Quinteros.
Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical propositionNarrated by Millian Quinteros.
The Tennessee Board of Regents for higher education is finding that their DEI efforts are not successful, and the Tennessee legislature has become skeptical. It might be better to scrap the DEI collectivist “solutions” altogether.Narrated by Millian Quinteros.
Robert Reich is an economic fallacy machine, and he has begun a ten-week series in which he claims to debunk economic myths. Of course, to do so, he has to create economic myths and present them as factual.Narrated by Millian Quinteros.
What makes a libertarian society libertarian? Certainly, one must begin—as did Murray Rothbard—not only with the nonaggression principle, but also with the unequivocal protection of private property rights.Narrated by Millian Quinteros.
One of the problems in presenting economic concepts to a public audience is that too many people in the academic world do not comprehend the simple presence of opportunity cost.Narrated by Millian Quinteros.
Keynesian economists believe that the key to increasing economic growth is increasing the supply of money in circulation. Money, however, is a means of exchange, not a means of payments. The difference is vital to understanding economics.Narrated by Millian Quinteros.
The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFreeIn a new YouTube series, former US Secretary of Labor Robert Reich promises to explode ten "economic myths." Jonathan Newman joins Bob to respond to the first two episodes in the series, regarding whether economics is an objective science, and whether government intervention interferes with a free market.Robert Reich's 'Debunking Economic Myths' Series: https://Mises.org/HAP452a
On this episode of Radio Rothbard, Mark Thornton joins Ryan McMaken and Tho Bishop to discuss the current state of the economy and what to expect as we near the election.Get free copies of What Has Government Done to Our Money? at https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.Narrated by Millian Quinteros.
Even though our legal authorities treat smugglers as criminals, smugglers actually are promoters of liberty who usually break unjust laws. The US was practically founded on smuggling.Narrated by Millian Quinteros.
Mainstream economists insist that data alone can explain economic events, permitting them to test economic theories. In truth, without sound theory, data is meaningless.Narrated by Millian Quinteros.
While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money.Narrated by Millian Quinteros.
Even though the US had a semilibertarian revolution, there are few libertarians in representative governance.Narrated by Millian Quinteros.
According to an article in The Atlantic, Washington is turning away from its previous commitment to “free trade.” However, there never was a “free trade consensus” because Washington always has sought state-managed trade.Narrated by Millian Quinteros.
The US government’s recent arms sale to Israel is a reminder that arms sales have become a significant part of US foreign policy, as well as a major source of instability around the world.Narrated by Millian Quinteros.
Switzerland has been a neutral country for about five hundred years. Sweden also has a tradition of neutrality, but it has recently changed its position, to its own detriment.Narrated by Millian Quinteros.
Well-functioning labor markets and the rise of Western Civilization—and our standard of living—is not an accident, coincidence, or a matter of chance.The topic of this episode is probably familiar to most everyone—especially the arguments on both sides of the political debate. Mark largely ignores the politics, however, and digs deeper into more important aspects of the issue. Minimum wage laws don't have to be politically divisive. Can minimum wage policy achieve shared goals and shared values?Subscribe to this monthly podcast at https://Mises.org/Unanimity.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Institute Senior Editor Bill Anderson to discuss Donald Trump’s conviction. Bill explains the tortured logic of the case and its lasting significance for the regime.Discussed on the Show “Don’t Listen to the Elites: Trump’s Conviction Is NOT a ‘Victory’ for the Rule of Law” by William L. Anderson: https://Mises.org/RR_189_A“The Lesson of the Trump Conviction” by Connor O’Keeffe: https://Mises.org/RR_189_BClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Jonathan Newman returns to help Bob dissect a Twitter thread melting down about Rep. Massie's new bill to End the Fed.The X thread discussing the "End the Fed Bill": https://Mises.org/HAP450aSelgin, Lastrapes, and White, "Has the Fed Been a Failure?": https://Mises.org/HAP450bBob's Article, "Putting the Country Back on Gold": https://Mises.org/HAP450c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Apprentice Liam McCollum, who was at last weekend’s Libertarian Party National Convention. They discuss Donald Trump’s presence at the event, what the LP nominee means for 2024, and the potential future of libertarian transactional politics.Discussed on the Show “To Stop the Left, America Needs a Rothbardian Right” by Tho Bishop: https://Mises.org/RR_188_AClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
In this week's episode, Mark reviews several ways to fight the Fed's price inflation. Adopting these strategies proactively can improve our lives economically and psychologically—and even improve our health. They can make your family less vulnerable and improve your self-confidence. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Register for the 2024 Mises Institute Supporters Summit in Hilton Head, South Carolina, at https://Mises.org/SS24Join the Mises Institute at Freedom Fest 2024! https://Mises.org/FreedomFest24Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/Money.
Garett Jones is Associate Professor of Economics at the Mercatus Center at George Mason University. He joins Bob to discuss his book, detailing the impact that immigrants' culture has on the institutions of their new home.Professor Jones' New Book, The Culture Transplant: https://Mises.org/HAP449a
Ryan and Tho and guest Karl Streitel talk about how the public school monopoly conditions students for obedience while failing to educate them.Discussed on the Show “Public Schools Have No Respect for the Students or Their Parents” by Karl Streitel: https://Mises.org/RR_187_A“Government Schools Are Propaganda Machines” by Karl Streitel: https://Mises.org/RR_187_B"The Costs of the Progressives": https://Mises.org/RR_187_CAdditional ResourcesOptions for Education: https://Mises.org/RR_187_DQuantum Courses: https://Mises.org/RR_187_EPrenda: https://Mises.org/RR_187_FActon Academy: https://Mises.org/RR_187_GThe Learning Liberty Podcast: https://Mises.org/RR_187_HClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Ryan and Zach talk about how the realities of expensive industrial warfare are still relevant. The Pentagon's fantasy of precision techno-war doesn't apply to wars with peer countries like Russia or China. Recommended Reading"In a war of attrition, you want an economist as defense minister" - The Bell: https://Mises.org/WES_21_A"The Economics of War" by Murray Rothbard: https://Mises.org/WES_21_B"The Economics of War" by Matthew McCaffrey: https://Mises.org/WES_21_C"Defense, Controls, and Inflation" edited by Aaron Director: https://Mises.org/WES_21_D"Guardians of the Warfare State" by T. Hunt Tooley: https://Mises.org/WES_21_E"Wartime: Understanding and Behaviour in the Second World War" by Paul Fussell: https://Mises.org/WES_21_FBe sure to follow War, Economy, and State at https://Mises.org/WES.
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
Dualism and Calculation: What Mises Taught Me about Economics and Capitalism | Robert P. Murphy by Mises Institute
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
In this week's episode, Mark analyzes the record high price of copper. He explains why Wall Street focuses on the price of copper and why this crucial economic indicator seems at odds with the weak global economy. This has serious implications for our economic future. Get a free copy of Mark's book, The Skyscraper Curse, for the rest of the story: https://Mises.org/Curse.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/Money.
“One of the great lessons of Mises’s Human Action is that the institutions of the free society—private property and sound money—make up the environment enabling economic progress and hence economic flourishing.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
"Sociology is in constant danger of thinking something is a law that is not a law. And economists frequently think that something is a hypothesis for the viable regularity when it is, in fact, a logically necessary truth. And Mises is a person who can set us right in all of this. and help us avoid these confusions that have invaded most of the social sciences."Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“We can build a society that’s based on peace and cooperation, and we can create a society that flourishes. That’s why the law of association is so important.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“It is impossible to eliminate the entrepreneur from the picture of a market economy. So, an entrepreneur is central to our understanding of what a market is.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“Read the great book of Mises. It’s the foundation that all of us have tried to develop and defend: the praxeological edifice of economic theory.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“Human Action is the foundational work of modern Austrian economics, and that is reason enough for reading it. But there is an equally compelling reason for carefully studying Mises’s great treatise. For it is the antidote to the real and immediate threat to human liberty and society, represented by the prevailing social philosophy of progressivism.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“These days, Stoicism is very fashionable, and popular books on this subject are easy to find. Ludwig von Mises drew from a different tradition of Greek ethics, Epicureanism.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“The empire can and should be dismantled. 1949 was a crucial mistake—a pivot point that has led to this massive fiscal and political crisis that we have in America today. This is pretty evident to a lot of us, but it was evident to Mises in 1949, and I think we should have followed his advice.”Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
The Human Action Conference celebrates the 75th anniversary of Ludwig von Mises’s masterpiece. Hosted in Auburn, Alabama, May 16-18, 2024.
Mateusz "Matt" Machaj holds a PhD in economics and is a Fellow with the Mises Institute, who has also won both the Douglas E. French and the Lawrence Fertig prizes in Austrian economics. He joins Bob to discuss his new booklet from Routledge, which explains how mainstream economists have responded to the recent bout of price inflation.Dr. Machaj's Monetary Policy and Inflation: https://Mises.org/HAP448aBob's Book on MMT, Understanding Money Mechanics: https://Mises.org/HAP448bBob's MisesU Lecture, "Price Inflation: Corona vs. QE": https://Mises.org/HAP448c
Despite the media definitions of the Trump trial as a “hush money trial,” the actual criminal charges are contrived and legally unprecedented. This is a show trial.Narrated by Millian Quinteros.
Many people are selling their gold to make ends meet. Others are buying gold as insurance against mounting price inflation.Narrated by Millian Quinteros.
For most Americans, the debate is about what size the welfare state should be. But why is there a welfare state at all?Narrated by Millian Quinteros.
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.Narrated by Millian Quinteros.
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.Narrated by Millian Quinteros.
In a recent symposium on Murray Rothbard's For a New Liberty, philosopher Matt Zwolinski takes issue with Rothbard on Murray’s views of freedom and property rights.Narrated by Millian Quinteros.
The decades of American and European intervention in Africa are coming to an end, and things are even worse for American interests there. Perhaps overthrowing governments and trying to dictate political outcomes wasn’t a good idea.Narrated by Millian Quinteros.
Unfortunately, these assaults on the First Amendment continue to find support even among people who pretend to be in support of freedom and opposed to federal power.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss a recent op-ed from a trio of octogenarian former Republican senators lamenting the state of the GOP.Discussed on the Show “Between Trump and Biden, what should real Republicans do?” by John Danforth, William Cohen and Alan Simpson: https://Mises.org/RR_186_A“To Stop the Left, America Needs a Rothbardian Right” by Tho Bishop: https://Mises.org/RR_186_BClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Somalia is a country invented by European intervention. The region known as Somaliland ought to be free to secede from this imperialist creation.Narrated by Millian Quinteros.
In publicly opposing apartheid, William H. Hutt saw how legal segregation kept black South Africans from pursuing legitimate economic goals. To Hutt, apartheid deprived people of equality of economic opportunity, which kept them in poverty.Narrated by Millian Quinteros.
Progressive historians, journalists, and politicians claim that the Industrial Revolution and the growth of industry brought poverty and exploitation to American workers. The truth is much different, even if it is rarely heard.Narrated by Millian Quinteros.
Congress claims to have targeted TikTok because China's government allegedly uses it to spy on Americans. Besides dealing with a nonexistent threat, the bill gives the federal government vast new powers to misuse.Narrated by Millian Quinteros.
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.Narrated by Millian Quinteros.
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.Narrated by Millian Quinteros.
While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.Narrated by Millian Quinteros.
Despite the accusations that Javier Milei is a fascist in libertarian clothes, many of his reforms have been successful in reversing some of the damage done to Argentina's economy by real fascists.Narrated by Millian Quinteros.
In this review of Edward Chancellor’s The Price of Time, Joakim Book notes that a market economy cannot function correctly when central bankers manipulate interest rates.Narrated by Millian Quinteros.
States know that treason and sedition laws are about much more than matters of law and order. They are essential components of enhancing state power.Narrated by Millian Quinteros.
According to a recent 60 Minutes broadcast, Russian agents are suspected of launching microwave rays at US diplomats abroad. The problem is that many of these stories are technologically implausible. Maybe skepticism is in order here.Narrated by Millian Quinteros.
F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning.Narrated by Millian Quinteros.
Government officials like to claim they are doing something about reducing poverty. The trouble is, of course, that what they are doing makes things worse. Here on Income Tax Day, we recommend that next time, they should do nothing.Narrated by Millian Quinteros.
Bolivia has been mired in poverty, hyperinflation, and state control of the economy for generations. It is time for a change, and the Alasitas Fair is leading the way.Narrated by Millian Quinteros.
On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.Narrated by Millian Quinteros.
A strategy for liberty must be both optimistic and realistic. Murray Rothbard understood that important point and laid out strategies and their moral justification.Narrated by Millian Quinteros.
In this week’s episode, Mark looks at the current state of the commercial real estate market, especially the problematic refinancing requirement in an environment of lower prices and a declining tenant base. Combined with a higher interest rate, this market faces difficult financing over the next three years. This is another negative manifestation of the Fed’s control over interest rates in our economy.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/Money.
Stephanie Kelton is the star of a new documentary film touting the alleged brilliance of Modern Monetary Theory (MMT). Murphy gives a comprehensive critique of the film, covering the flaws in its theory, history, and policy recommendations.Finding the Money Documentary:https://Mises.org/HAP447aBob's Book on MMT, Understanding Money Mechanics: https://Mises.org/HAP447bRadford's Paper on P.O.W. Camps: https://Mises.org/HAP447cThe Upside-Down World of MMT: https://Mises.org/HAP447dBob's Article on Debt and Future Generations: https://Mises.org/HAP447e
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the media campaign around Joseph Stiglitz’s new book, The Road to Freedom, which coincides with the birthday of one of his favorite targets: F.A. Hayek. Is Stiglitz, a past champion of Hugo Chavez, someone we should trust with his vision of true freedom?Discussed on the Show “Clinton Adviser, Nobel Prize Winning Economist Endorsed Venezuelan Socialism” by Tho Bishop: https://Mises.org/RR_185_A“Sorry, Stiglitz: It’s Socialism That’s Rigged — not Capitalism” by William L. Anderson: https://Mises.org/RR_185_B“Freedom for the Wolves” by Joseph E. Stiglitz: https://Mises.org/RR_185_C“Neoliberal economics: The road to freedom or authoritarianism?” by Greg Rosalsky: https://Mises.org/RR_185_D“Joseph Stiglitz and the Meaning of Freedom” by John Cassidy: https://Mises.org/RR_185_EClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Animal control officers are supposed to, well, control animals in a municipal area. But thanks to animal control policies, it's the stray animals that are in control of our author’s town.Narrated by Millian Quinteros.
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.Narrated by Millian Quinteros.
The attempt by the mainstream economics profession to create economic literacy has turned into a movement to promote economic illiteracy.Narrated by Millian Quinteros.
In 1959, Ludwig von Mises gave lectures on economics in Argentina, where the economy was in steep decline. In the 1920s, Argentina was one of the world's wealthiest countries, but decades of Peronism and inflation started the country on the long road to poverty.Narrated by Millian Quinteros.
Like the Biden administration, the European Union elites are seeking to crush free speech on the Internet in the name of preventing “hate speech” and “disinformation.” Of course, the EU ruling classes won’t have to worry about being censored.Narrated by Millian Quinteros.
Why have some Americans opposed this nation’s involvement in foreign wars? According to Jacob Heilbrunn of The National Interest, it is because those Americans love bloody dictators like Adolph Hitler.Narrated by Millian Quinteros.
Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development.Narrated by Millian Quinteros.
While these students are right to oppose the horrific Israeli attacks on Gaza, many of the protests reflect leftist groupthink and typical higher education collectivism.Narrated by Millian Quinteros.
People often stubbornly hold to false beliefs, one of them being that government regulation of driving prevents chaos. However, the opposite seems to be true: government involvement in anything, including driving a car, creates the chaos we claim we want to avoid.Narrated by Millian Quinteros.
Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition.Narrated by Millian Quinteros.
Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism.Narrated by Millian Quinteros.
Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.Narrated by Millian Quinteros.
While conservatives and followers of Austrian economics often have much in common, many conservatives are against free trade and free exchange. Austrians need to carefully explain why those beliefs are harmful.Narrated by Millian Quinteros.
The only answer lies in eviscerating their budgets, abolishing their enabling legislation, and encouraging aggressive lawfare against the regime in retribution for these agencies' many crimes.Narrated by Millian Quinteros.
The New York Times recently characterized House Republicans that voted to extend government domestic spying and continue to fund wars in the Middle East and Ukraine as “the adults in the room.” This is ironic, as real adults would not spend the country into oblivion.Narrated by Millian Quinteros.
A common knock on libertarianism is that it is so individualistic that it rejects the concept of community. (Think of the political cartoon in which the libertarian lifeguard let people drown.) In truth, strong communities also need free individuals.Narrated by Millian Quinteros.
The Mises Institute's Connor O'Keeffe recently wrote an article detailing the campus protests over the happenings in Gaza. Connor joins Bob to discuss his article, the recent antisemitism bill, and why we should be defunding universities.Connor's Article on the Campus Protests: https://Mises.org/HAP446a
In this episode, Mark Thornton discusses Consumer Confidence as a reliable indicator of the current economy. Individual components of the index are declining, but do not yet indicate a looming crisis or recession. Mark thinks that it does indicate, along with other economic statistics, of a clear worsening in the economy and his predictions for 2024.Be sure to follow Minor Issues at https://Mises.org/MinorIssuesGet your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge, a visiting fellow of the Heritage Foundation. As inflation remains high, even Washington's preferred jobs and economic growth measures are beginning to weaken, fueling fears of stagflation. Peter, Ryan, and Tho talk about what this means for Americans, its potential political fallout for November, and what mix of "carrots and sticks" Washington may have planned for dealing with the public backlash.Claim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Washington Post conservative George Will trots out every tired slogan and bromide in the book to claim that Putin is Hitler and the Ukraine war is a fight for civilization. Recommended Reading“So, 112 ignoble, infantile Republicans voted to endanger civilization“ by George Will: https://Mises.org/WES_20_A“Piers Morgan vs John Mearsheimer” on YouTube: https://Mises.org/WES_20_BBe sure to follow War, Economy, and State at https://Mises.org/WES.
Robert Nozick’s Anarchy, State and Utopia turns fifty this year, and this libertarian classic has stood the test of time.Narrated by Millian Quinteros.
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.Narrated by Millian Quinteros.
Great Britain are shifting back toward railway nationalization. Of course, the vaunted railway privatization of the 1990s wasn’t real privatization at all.Narrated by Millian Quinteros.
While chattel slavery exists in some parts of the world, it mostly has been abolished. Perhaps we should do the same thing to the state.Narrated by Millian Quinteros.
People have come to believe that only the state is morally qualified to create and maintain a system of justice. However, given that the state itself acts unjustly, perhaps it is time to look outside of the state.Narrated by Millian Quinteros.
The academic world is supposed to serve as a beacon of enlightenment. Instead, as Wanjiru Njoya demonstrates, it promotes a failed liberalism.Narrated by Millian Quinteros.
Feminist theorist Judith Butler is calling for mandatory education to confront children with modern gender theory. As David Gordon points out, she wants to use coercion to force people to accept her theories.Narrated by Millian Quinteros.
Libertarianism is criticized on all sides, but a new criticism has emerged that claims libertarianism is little more than another form of critical theory. Like the other complaints, this one is based on fallacious thinking.Narrated by Millian Quinteros.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
From 'A History of Money and Banking in the United States: The Colonial Era to World War II'. Narrated by Matthew Mezinskis.
In this week's episode, Mark examines the Chocolate Crisis of 2024. Cocoa prices have skyrocketed. The media is trying to paint this as another example of the ravages of Climate Change, but the market is making all of its typical adjustments to ensure that chocolate products continue to flow to consumers, and also making adjustments to improve the long term conditions.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Recently on Twitter, as a reaction to an FT post worrying about the growing debts of various governments, fans of MMT were posting screenshots from a May 2020 FT debate involving Stephanie Kelton. The implication was that Kelton had correctly predicted that government debt would be benign. Bob and guest Jonathan Newman dissent.Stephanie Kelton and Edward Chancellor's Debate on Government Debt: https://Mises.org/HAP445aMartin Wolf's Article on Government Debt: https://Mises.org/HAP445bBob's Debate with Warren Mosler on MMT: https://Mises.org/HAP445cBob and Jonathan's Episode on Price Inflation: https://Mises.org/HAP445dBob's Article on the Economic Outlook for the US: https://Mises.org/HAP445e
When a war occurs, the government feels that it's obliged to propound a certain line about how the enemy was totally responsible for this war: "We never did anything wrong! The enemy has committed terrible atrocities!"Recorded at Mises University 2005 at the Mises Institute in Auburn, Alabama.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss Tucker Carlson's recent interview with Joe Rogan, and why he's right about America's dangerous "security" agencies.Discussed on the Show "The FBI and CIA Are Enemies of the American People" by Ryan McMaken https://Mises.org/RR_183_A"Cowardice, Not Courage, Led House Republicans to Side with the Democrats" by Connor O'Keeffe: https://Mises.org/RR_183_BClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Chapter 11 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 12 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 13 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 14 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 15 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 16 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 10 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 18 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 19 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 20 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Foreword to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Introduction to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.Narrated by John Quattrucci.
Chapter 1 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 2 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 4 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.Narrated by John Quattrucci.
Chapter 5 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 6 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.Narrated by John Quattrucci.
Chapter 7 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.Narrated by John Quattrucci.
Postscript to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Recent Iranian missile strikes on Israel in response to its earlier attack on the Iranian consulate in Syria have escalated the prospects of all-out war in the Middle East. There is an alternative to expanding the war: de-escalation.Narrated by Millian Quinteros.
While “colorblind equality” has a better ring to it than the DEI regime, nonetheless, the concept is unworkable and actually contributes to worsening racial outcomes.Narrated by Millian Quinteros.
As Murray Rothbard noted, reason is a powerful tool to help us discern how to thrive in our world. Government, through propaganda and interference with education, seeks to stifle reason and replace it with obedience to the state.Narrated by Millian Quinteros.
In less than a century, Argentina went from being one of the world’s wealthiest nations to one that struggles with poverty and massive inflation. Human Action provides lasting wisdom to improve life in that country.Narrated by Millian Quinteros.
There has been much hysteria over the rise of artificial intelligence, much of it overblown and downright silly. No, AI is not about to impose tyranny on helpless humanity. Like all other technology, AI is a tool that can be used for good or ill.Narrated by Millian Quinteros.
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.Narrated by Millian Quinteros.
California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble if it has ties to the governor.Narrated by Millian Quinteros.
For the past fifty years, Nigeria’s government has required young people to “serve” for a year under the National Youth Service Corp. This more resembles slavery than service.Narrated by Millian Quinteros.
Chapter 17 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Preface to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 8 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Chapter 9 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Narrated by John Quattrucci.
Mark Thornton launches a new podcast called Unanimity: Where Thoughts Matter. Exploring basic concepts of the world and humanity, he hopes to unlock the mystery of widespread disagreeableness in society. Please subscribe to this monthly podcast at https://Mises.org/Unanimity.Unanimity will not replace the weekly Minor Issues podcast (https://Mises.org/MinorIssues).
In this week's episode, Mark takes another look at the Producer Price Index. As suggested in an episode from September 2023 (see https://Mises.org/MI_35), the PPI has indeed leveled off and is no longer "contributing" to the Federal Reserve's "Immaculate Disinflation." Mark points out that wholesale price increases are already in the long PPI "pipeline" and will likely make the Fed's announced plans fall apart.Additional ResourcesPPI at Fred: https://Mises.org/MI_67APPI 2022: "The Producer Price Index" at https://Mises.org/MI_35CPI: "Where’s the Beef?" at https://Mises.org/MI_36"The Fed's Immaculate Disinflation" at https://Mises.org/MI_03Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Historian David Beito has a new book from the Independent Institute titled, "The New Deal's War on the Bill of Rights." He joins Bob to discuss issues such as the Japanese concentration camps and the government's mass surveillance of telegrams.David's new book, The New Deal's War on the Bill of Rights: https://Mises.org/HAP444a
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss Renato Moicano's viral Mises moment and the backlash it received from pundit Sohrab Ahmari.Discussed on the Show "Six Graphs Showing Just How Much the Government Has Grown" by Ryan McMaken https://Mises.org/RR_182_A"Why You Should Read Ludwig von Mises" by Tho Bishop: https://Mises.org/RR_182_B"Mises Against the Neoliberals" by Ryan McMaken: https://Mises.org/RR_182_CClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
The State is tightening its stranglehold on its own narrative as its web of lies unravels. The government's lapdogs in the news media continue to bark and howl on TV even though a majority of American households have cut the cord. And of course, nothing resembling the truth can be heard in the softball press conferences at the White House and the Federal Reserve.Suppression and censorship are the tools of a regime that is fearful and hostile to the truth. Perhaps the easiest way to discern the truth in all the chaos is to doubt everything the government says.Featuring Ron Paul, Tom DiLorenzo, Daniel McAdams, and Ryan McMaken. This event was co-hosted by the Mises Institute and the Ron Paul Institute, and recorded in Lake Jackson, Texas, on April 13, 2024.
The State is tightening its stranglehold on its own narrative as its web of lies unravels. The government's lapdogs in the news media continue to bark and howl on TV even though a majority of American households have cut the cord. And of course, nothing resembling the truth can be heard in the softball press conferences at the White House and the Federal Reserve.Suppression and censorship are the tools of a regime that is fearful and hostile to the truth. Perhaps the easiest way to discern the truth in all the chaos is to doubt everything the government says.Featuring Ron Paul, Tom DiLorenzo, Daniel McAdams, and Ryan McMaken. This event was co-hosted by the Mises Institute and the Ron Paul Institute, and recorded in Lake Jackson, Texas, on April 13, 2024.
The State is tightening its stranglehold on its own narrative as its web of lies unravels. The government's lapdogs in the news media continue to bark and howl on TV even though a majority of American households have cut the cord. And of course, nothing resembling the truth can be heard in the softball press conferences at the White House and the Federal Reserve.Suppression and censorship are the tools of a regime that is fearful and hostile to the truth. Perhaps the easiest way to discern the truth in all the chaos is to doubt everything the government says.Featuring Ron Paul, Tom DiLorenzo, Daniel McAdams, and Ryan McMaken. This event was co-hosted by the Mises Institute and the Ron Paul Institute, and recorded in Lake Jackson, Texas, on April 13, 2024.
The State is tightening its stranglehold on its own narrative as its web of lies unravels. The government's lapdogs in the news media continue to bark and howl on TV even though a majority of American households have cut the cord. And of course, nothing resembling the truth can be heard in the softball press conferences at the White House and the Federal Reserve.Suppression and censorship are the tools of a regime that is fearful and hostile to the truth. Perhaps the easiest way to discern the truth in all the chaos is to doubt everything the government says.Featuring Ron Paul, Tom DiLorenzo, Daniel McAdams, and Ryan McMaken. This event was co-hosted by the Mises Institute and the Ron Paul Institute, and recorded in Lake Jackson, Texas, on April 13, 2024.
The State is tightening its stranglehold on its own narrative as its web of lies unravels. The government's lapdogs in the news media continue to bark and howl on TV even though a majority of American households have cut the cord. And of course, nothing resembling the truth can be heard in the softball press conferences at the White House and the Federal Reserve.Suppression and censorship are the tools of a regime that is fearful and hostile to the truth. Perhaps the easiest way to discern the truth in all the chaos is to doubt everything the government says.Featuring Ron Paul, Tom DiLorenzo, Daniel McAdams, and Ryan McMaken. This event was co-hosted by the Mises Institute and the Ron Paul Institute, and recorded in Lake Jackson, Texas, on April 13, 2024.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Narrated by Millian Quinteros.
Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years.Narrated by Millian Quinteros.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Narrated by Millian Quinteros.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Narrated by Millian Quinteros.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Narrated by Millian Quinteros.
Henry Hazlitt's The Failure of the New Economics remains the best criticism of J.M. Keynes's General Theory.Narrated by Millian Quinteros.
In the early republic, debates over constitutional rights were centered on state bills of rights. But, over time the state charters were gradually co-opted by federal judges and courts.Narrated by Millian Quinteros.
One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse.Narrated by Millian Quinteros.
The inflation news from the Federal Reserve is once again disappointing. All the measures were up and higher than predicted by the experts. Mark recaps this news and compares his guesses about the economy to the forecasts of the Federal Reserve and Wall Street economists. Mark also reiterates his predictions about rate cuts and the economy.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Simon Guenzl joins Bob to push back on Dave Smith's recent appearance, where Dave had made the case against open borders. Guenzl has published a libertarian critique of the Hoppean framework. The debate revolves around the status of government property. Bob plays devil's advocate, especially with a lightning round of "hard cases" for Guenzl at the end.Simon's paper, "Public Property and the Libertarian ImmigrationDebate" in Libertarian Papers: https://Mises.org/HAP443aDave Smith on Open Borders: https://Mises.org/HAP443bBob on Blockades and Immigration in a Voluntary Society: https://Mises.org/HAP443c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Łukasz Dominiak, a Mises Fellow and Associate Professor at Nicolaus Copernicus University in Poland. He shares the unique history of Polish liberalism and why Poland has become a hotbed for libertarian scholarship.Claim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies.Narrated by Millian Quinteros.
A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward.Narrated by Millian Quinteros.
“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction.Narrated by Millian Quinteros.
Congress and the courts have eviscerated the Constitution to empower police dogs. The injustices are massive, but the authorities don't care.Narrated by Millian Quinteros.
As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them.Narrated by Millian Quinteros.
California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong?Narrated by Millian Quinteros.
While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives.
In reviewing Reconsidering Reparations by Olúfẹ́mi O. Táíwò, David Gordon and Wanjiru Njoya point out the book's many fallacies and the lack of a coherent theory of justice by the author.Narrated by Millian Quinteros.
What happens when war shuts down the Strait of Hormuz? Mark looks at the economics and causes of a growing list of problems with the chokepoints of international trade: the Panama Canal, the Suez Canal, and Baltimore harbor. Will these chokepoints become Scapegoats for the Federal Reserve, and could war closing the Strait of Hormuz become a genuine world crisis?Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Nick Gillespie, editor-at-large for Reason, recently got into a friendly dispute with Bob over whether American libertarians were being too pessimistic. He joins Bob to make the case for optimism, while Bob demurs.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Karl-Friedrich Israel, recorded during AERC 2024. Dr. Israel discusses the economic conditions in Europe, the problem with inflation measures, and the network of European scholars rallying to the ideas of Austrian economics.Congratulations to Ralph Lehman for winning the Human Action Conference raffle!Claim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.Narrated by Millian Quinteros.
According to Marx, all ideas represent class-based interests, leaving no room for objective truth. The problem is that Marxists claim to hold to objective truth, but manage to contradict themselves.Narrated by Millian Quinteros.
While Connecticut authorities call on "experts" to help them quell the state's housing shortage, they fail to consider the policies that have caused it.Narrated by Millian Quinteros.
As the government expands the reach of civil rights law, one of the casualties is the presumption of innocence. The new rule seems to be “guilty until proven guilty.”Narrated by Millian Quinteros.
In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course.Narrated by Millian Quinteros.
Do you like your central bank capital positive or negative? The Fed is bankrupt, but even after taking recent losses, the Swiss National Bank still has positive capital.Narrated by Millian Quinteros.
Once again, Congress is threatening to ban TikTok over “national security concerns.” But as long as Washington continues its unnecessary and provocative posturing around China’s coasts, Americans will never be safe.Narrated by Millian Quinteros.
One of the myths of protectionism is that it will result in an abundance of goods on the home front. Shortages are no abundance.Narrated by Millian Quinteros.
On March 26 Bob gave this talk at Oklahoma State, where he was invited by the Free Enterprise Society. He assumed the students had no prior knowledge of the topic and made the case, from scratch, for a voluntary society with privately provided legal and defense services.Bob's article, "Libertarian Law and Military Defense" in Libertarian Papers: https://Mises.org/HAP441a
Senior Fellow Jörg Guido Hülsmann joins Ryan McMaken and Tho Bishop to talk about his new book on the economics of generosity, charity, and abundance. This is a much-neglected field of economics that mainstream economists lack tools to explain. Discussed on the Show "Abundance, Generosity, and the State: An Inquiry into Economic Principles" by Hülsmann, Jörg Guido https://Mises.org/RR_179_AClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Many signs are now emerging that NATO and the West are slowly withdrawing support from Ukraine in its war with Russia. How much longer can the war continue?Recommended Reading"Intercept of German generals planning Taurus strike on Crimean bridge": https://Mises.org/WES_19_A"Army aims to double 155mm shell production by October" by Sam Skove https://Mises.org/WES_19_B"The deception behind America’s support for Ukraine" by Malcom Kyeyune: https://Mises.org/WES_19_C"Draft-dodging plagues Ukraine as Kyiv faces acute soldier shortage" by Jamie Dettmer: https://Mises.org/WES_19_DRemarks by Jake Sullivan and Andriy Yermak in Press Conference: https://Mises.org/WES_19_E"Biden's adviser did not mention regaining territories when talking about conditions for Ukraine's victory": https://Mises.org/WES_19_FBe sure to follow War, Economy, and State at https://Mises.org/WES.
Henry Hazlitt Memorial Lecture. Sponsored by Shone and Brae Sadler. Includes an introduction by Joseph T. Salerno.Recorded at the 2024 Austrian Economics Research Conference at the Mises Institute in Auburn, Alabama, March 22-23, 2024.
The Friedrich A. Hayek Memorial Lecture. Sponsored by Donald and Judy Rembert. Includes an introduction by Joseph T. Salerno.Recorded at the 2024 Austrian Economics Research Conference at the Mises Institute in Auburn, Alabama, March 22-23, 2024.
The Murray N. Rothbard Memorial Lecture. Sponsored by Steven and Cassandra Torello. Includes an introduction by Joseph T. Salerno and an audience question and answer period.Recorded at the 2024 Austrian Economics Research Conference at the Mises Institute in Auburn, Alabama, March 22-23, 2024.
The Ludwig von Mises Memorial Lecture. Sponsored by Yousif Almoayyed. Includes an introduction by Joseph T. Salerno.Recorded at the 2024 Austrian Economics Research Conference at the Mises Institute in Auburn, Alabama, March 22-23, 2024.
While modern India is known for adopting socialism in the 1940s, it has an older tradition of free markets. It is time to rediscover that tradition.Narrated by Millian Quinteros.
Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.Narrated by Millian Quinteros.
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either.Narrated by Millian Quinteros.
By the logic of "we tried it before," the Soviet victory over Lithuania in 1953 meant that the question of independence was settled forever, and that Irish secession was forever verboten after the Easter Rebellion failed.Narrated by Millian Quinteros.
When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation.Narrated by Millian Quinteros.
When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way.Narrated by Millian Quinteros.
While “wokeness” seems to be a new phenomenon, the problems are tied to a sixty-year-old “landmark” law: the 1964 Civil Rights Act. This law, unfortunately, promotes government tyranny in the name of freedom.Narrated by Millian Quinteros.
Ryan McMaken recently gave a talk at Oklahoma State outlining the history of secessions and making the case that they promote liberty and peace. He joins Bob to discuss his major themes and to address common objections.Ryan's Talk at Oklahoma State: https://Mises.org/HAP440aBreaking Away: The Case for Secession: https://Mises.org/HAP440b
In this episode, Mark shares the latest video in the Mises Institute's The Costs of the Progressives video series, "The Drug War," which cites Mark's research on the economics of prohibition."The Costs of the Progressives" is a historical series that focuses on great leaps in Washington's consolidation of power on a variety of issues that affect our day-to-day lives, and the costs we pay with our taxes and our liberty: https://Mises.org/ProgressivismBe sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Marcel Gautreau to discuss the situation unfolding in Haiti. The three discuss the history of US involvement, the propaganda game, and Washington's true aims in its foreign policy.Discussed on the Show"American Policies Only Make Haiti Worse" by Marcel Gautreau https://Mises.org/RR_178_A"How State Intervention Fueled Haiti's Descent into Chaos" by Connor O'Keeffe: https://Mises.org/RR_178_B"Now's a Great Time to Stop Meddling in Haiti" by Ryan McMaken: https://Mises.org/RR_178_CFollow Marcel Gautreau on Twitter: https://twitter.com/anarchyinblackSubscribe to Marcel's Substack: https://mgautreau.substack.com/Win a Free Admission to the Human Action Conference: https://Mises.org/RRraffleClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Starting with Crusoe economics, Rothbard builds the economic concepts which can be developed by this analogy. These concepts are the axiom of human action. Among them are: man acts, man acts by virtue of his existence, man acts with purposeful behavior, man prefers present to future actions, resources are means to achieve ends, scarcity exists, actions take time, life is uncertain, and the theory of value is subjective.Part one of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
Rothbard continues the Crusoe analogy. He covers subjectivity of value, and the concept of marginal utility.Part two of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
Rothbard considers how prices are determined by supply and demand on the free market. All long shortages are caused by government interventions. Forecasting is not possible. Economics is not an objective science.Part three of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
Costs are always ex ante. There are no such things as social costs or social benefits. Costs are determined by how much entrepreneurs think consumers will pay. Costs are not determined by supply and demand. Nobody waits for costs to raise prices. Rothbard does not believe in cost curves.Antitrust suits are often filed by one set of competitors trying to eliminate another set. Additionally, antitrust suits are money making rackets for lawyers.Interest is not just a loan; it is a time preference. Usury laws misunderstood interest.Part four of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
The entrepreneur is the major risk bearer. Business return on capital is long run profits or losses. Real rate of interest is determined by time preferences. Government contracts are cost plus. Medical costs are higher because supply is so restricted by government intervention. Who benefits? [by government action]. Rockefeller families are heavily invested in drug companies. Cartelism. Monopolies. Yet, free market productivity causes prices of goods to drop, e.g. computer products.How the history of the business cycle starts. War stimulus, famine, were outside the market and not cyclical until around 1750. There then began to be wave-type activities. The Industrial Revolution and fractional reserve banking spread. Were these the causes of cycles? Were sunspots?Part five of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
What causes business cycles? Keynesians say the cycles happen because the free market economy does not spend enough. Thus, pump spending in. Additionally, Keynesians say that animal spirits cause these cycles. Government must fix things. Nobody could understand Keynes' General Theory. What was simply obscure was wrongly considered deep.Keynes linked national income with employment, by assuming wage rates are fixed downward. Although Keynes wrote of balanced budgets, there were only deficits.Part six of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
Deficits are equal to expenditures minus taxes. Reagan spoke of cutting government spending, but meant only cutting the rate of growth of government spending. Stagflation appeared in 1957-58. Inflation during a recession was not supposed to happen. It happened again in 1973-75. Part seven of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available.
Presented to the Free Enterprise Society at Oklahoma State University on March 14, 2024. Ryan McMaken (https://mises.org/McMaken) is executive editor at the Mises Institute. He is a cohost of the Radio Rothbard podcast (https://mises.org/RothPod) and the War, Economy, and State podcast (https://mises.org/WES), and is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.The Free Enterprise Society (FES) is sponsored by the Institute for the Study of Free Enterprise at Oklahoma State University: https://fe.okstate.edu/fes
Presented to the Free Enterprise Society at Oklahoma State University on March 13, 2024. Ryan McMaken (https://mises.org/McMaken) is executive editor at the Mises Institute. He is a cohost of the Radio Rothbard podcast (https://mises.org/RothPod) and the War, Economy, and State podcast (https://mises.org/WES), and is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.The Free Enterprise Society (FES) is sponsored by the Institute for the Study of Free Enterprise at Oklahoma State University: https://fe.okstate.edu/fes
Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of.Narrated by Millian Quinteros.
In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will not address the damage his administration has done to the economy.Narrated by Millian Quinteros.
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments.Narrated by Millian Quinteros.
While fears that AI will morph into something like the Terminator and try to destroy the world, the real threat from AI is that the authorities will use it to produce propaganda and public lies.Narrated by Millian Quinteros.
Artificial intelligence has much to contribute as a consumption good and a producer’s good. However, there also are limitations in what AI can do, given it susceptible to the GIGO rule: Garbage in, garbage out.Narrated by Millian Quinteros.
The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should be able to engage in discrimination.Narrated by Millian Quinteros.
The “AI” in our present real-world hype is nothing like the sci-fi “creatures” of film; AI machines are nowhere near conscious beings.Narrated by Millian Quinteros.
The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?Narrated by Millian Quinteros.
In this week's episode, Mark looks at the opportunities ahead of us for significant reforms and dismantling the State. Increasingly, more people realize that the government has been lying to them and working against their interests. Many also realize that Austrian economists, in contrast with Mainstream economists, have been presenting the true picture of the State. The political landscape has already shifted—and continues to shift—beneath the State, like an earthquake under a teetering third world building. The foundations of the World Economic Forum agenda are now in tatters.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Christian Sandström is a Swedish economist who joins Bob to discuss his new (co-edited) book, which makes the case that massive government funding projects aren't necessary to promote science or industrial growth.Dr. Sandströmm's Moonshots and the New Industrial Policy: https://Mises.org/HAP439a
On this week's Radio Rothbard, Ryan McMaken and Tho Bishop reflect on the fourth anniversary of the political response to covid and discuss if any meaningful lessons were learned, could something similar could happen again, and why it is right to still be furious with the tyranny American's experienced from a variety of fronts.Discussed on the Show "Covid Showed Us Who Really Rules America" by Ryan McMaken: https://Mises.org/RR_177_A"Modern Medicine’s Great Controversy" by Peter McCullough, MD: https://Mises.org/RR_177_B"The New Abnormal: The Rise of the Biomedical Security State" by Aaron Kheriaty, MD: https://Mises.org/RR_177_CClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.Narrated by Millian Quinteros.
Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses are flashes in a pan; many of them continue to serve as the backbone of our economy.Narrated by Millian Quinteros.
When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation.Narrated by Millian Quinteros.
Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.Narrated by Millian Quinteros.
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.Narrated by Millian Quinteros.
It is during "emergencies" when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.Narrated by Millian Quinteros.
As Murray Rothbard has noted, there is an important distinction between nation and state. The former is a voluntary association of people while the latter is coercive and predatory. Progressives, of course, claim the opposite.Narrated by Millian Quinteros.
Many economic think tanks espouse that national defense spending benefits Americans at large. It doesn’t. The notion that military spending "bolsters" the economy is yet another Keynesian fable.Narrated by Millian Quinteros.
In this week's episode, Mark examines Ludwig von Mises's important contributions to free trade theory. Free trade is more important than people think, and most government intervention is protectionist—or aids the promoters of protectionism.Trade causes civilization to come about. Protectionism is the greatest threat to our way of life, and a danger to human life, itself.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Tom DiLorenzo spent a long and productive career in academia before assuming his current position as president of the Mises Institute. He joins Bob to discuss his early days getting into economics, and some of his important work on antitrust policy. He also discusses his popular books on Abraham Lincoln. Though it all, Tom stresses the importance of the Austrian viewpoint.Tom's Paper on the Origins of Antitrust: https://Mises.org/HAP438aNullification: An Interview with a Zombie: https://Mises.org/HAP438b
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Senior Fellow Mark Thornton to debunk political talking points confusing the stock market with the real economy, and the dangers lurking beyond the regime's economic propaganda.Discussed on the Show "Minor Issues: The Fed vs. the Real Economy" by Mark Thornton: https://Mises.org/RR_176_A"Minor Issues: Anti-Wild Cards" by Mark Thornton: https://Mises.org/RR_176_BClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Progressives believe that restricting individual liberty permits better social outcomes. In truth, it is individual liberty that allows societies to function best.Narrated by Millian Quinteros.
Next month, the US Supreme Court will hear arguments on whether New York regulatory authorities can target the NRA simply because of the organization’s political viewpoints.Narrated by Millian Quinteros.
Activist pro-immigration groups in Great Britain, while being heavily funded by government money, are using that money to stop orderly immigration and replace it with chaos. Taxpayers are not only on the hook to fund these groups, but also bear the brunt of immigration failures.Narrated by Millian Quinteros.
We may be governed by incompetent elites, but even they have not taken away our free will and ability to think for ourselves. We can look to Mises and Rothbard for inspiration.Narrated by Millian Quinteros.
Central banks have had the chutzpah to claim credit for slowing down the rise of consumer prices. The truth is they have taken advantage of the supply boost from fading pandemic dislocations to pursue continued monetary inflation.Narrated by Millian Quinteros.
As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.Narrated by Millian Quinteros.
Christianity Today and other Christian publications are touting a book that claims to be based upon “biblical critical theory.” It’s yet another version of Marxism that is neither critical nor biblical. It’s just more Marxism.Narrated by Millian Quinteros.
Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.Narrated by Millian Quinteros.
As officials feign outrage over the death of Alexei Navalny and the jailing of Evan Gershkovich, the US government tries to imprison a journalist for breaking truly incriminating stories.Narrated by Millian Quinteros.
As the European Union becomes increasingly dominated by progressive elites, it becomes more authoritarian and contemptuous of the rights of those the Union purports to serve.Narrated by Millian Quinteros.
While term limits is a near-article of faith by many on the right, the concept is flawed at its inception and the results are worse than anticipated.Narrated by Millian Quinteros.
In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.Narrated by Millian Quinteros.
When governments go to war, the nation’s monetary system usually descends into the pit of inflation. The War of 1812 was no exception, and its monetary excesses led to the Panic of 1819.Narrated by Millian Quinteros.
Socialists never give up trying to prove that socialism can maintain a functioning economy. Some have dragged out a nearly forty year old study as their exhibit A.Narrated by Millian Quinteros.
While Thomas Paine might be one of the most obscure "Founding Fathers" of this country, he was a powerful intellectual who helped move people to choose liberty and independence.Narrated by Millian Quinteros.
In this week's episode, Mark examines the increasing prospects of global warfare and the catastrophic results. Even if such a war can be averted, it might open an opportunity for the global elites to impose their agenda of enslaving humanity.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Brent Johnson of Santiago Capital created the "dollar milkshake" theory, which says that in a global sovereign debt crisis, the USD, gold, and US stock market will all rise. He joins Bob for a friendly disagreement over the dynamics of a decline in foreign demand to hold USD.The ZeroHedge Debate: https://Mises.org/HAP437aBob's Post-Game Analysis of the Debate: https://Mises.org/HAP437bBrent Johnson Explains The Dollar Milkshake Theory: https://Mises.org/HAP437cBob's Article, 'What Does "Debt-Based" Money Imply for Interest Payments?': https://Mises.org/HAP437d
Ryan McMaken, Tho Bishop, and Connor O'Keeffe talk about how the US government has punished Julian Assange for revealing American war crimes and corruption. Discussed on the Show "The Outrageous Persecution of Julian Assange" by Connor O'Keeffe: https://Mises.org/RR_175_AClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Ryan and Zach take a look at how the Pentagon is now lobbying for a "national defense industrial strategy." In a new report, the Pentagon calls for more central planning and socialism in the name of national defense. Recommended ReadingThe National Defense Industrial Strategy (PDF): https://Mises.org/WES_18_ABe sure to follow War, Economy, and State at https://Mises.org/WES.
Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire.Narrated by Millian Quinteros.
Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers.Narrated by Millian Quinteros.
In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.Narrated by Millian Quinteros.
School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control.Narrated by Millian Quinteros.
The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit.Narrated by Millian Quinteros.
While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state.Narrated by Millian Quinteros.
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.Narrated by Millian Quinteros.
There will be life after Trump one way or another, but in the long run, it seems as though the ruling party always wins.Narrated by Millian Quinteros.
In this week's episode, Mark looks at the type information that investors need, but do not have. These anti-wild cards are going to appear in the economy, but no one really knows what, where, or when. Mark looks back at some historical examples.See also Surprised Again! The Covid Crisis and the New Market Bubble by Alex Pollock and Howard Adler: https://Mises.org/MI_59ABe sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Dave Smith makes the Rothbardian/Hoppean case for government restriction on immigration, arguing that it's a second-best solution given the undeniable fact of government control of "public" property. Bob plays devil's advocate to raise possible objections to Dave's framework.Rothbard, "Nations by Consent": https://Mises.org/HAP436aHans-Hermann Hoppe, "On Free Immigration and Forced Integration": https://Mises.org/HAP436bBryan Caplan, "A Radical Case for Open Borders": https://Mises.org/HAP436c
Ryan McMaken and Tho Bishop talk with Jane Johnson about why the feds will never pay down the debt. Instead, they have two choices: rampant inflation or default.Discussed on the Show "The Federal Mega-Debt is Here to Stay" by Jane L. Johnson: https://Mises.org/RR_174_AClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.Narrated by Millian Quinteros.
While US taxpayers pay billions for military missions around the world in the name of “keeping us safe,” the federal government fails to keep residents of the nation’s capital safe from violent crime.Narrated by Millian Quinteros.
Social Security is headed for reduced benefits, and no amount of political rhetoric or even tax increases will solve that problem. The numbers do not lie.Narrated by Millian Quinteros.
Includes an introduction by Tho Bishop. Recorded in Tampa, Florida, on February 17, 2024.Special thanks to Liberty Villages and the Shrader family for sponsoring this event.
Recorded in Tampa, Florida, on February 17, 2024.Special thanks to Liberty Villages and the Shrader family for sponsoring this event.
Recorded in Tampa, Florida, on February 17, 2024.Special thanks to Liberty Villages and the Shrader family for sponsoring this event.
Political and economic elites predicted a doomsday scenario when Trump was elected in 2016, but the reality of his presidency didn’t come close to matching the apocalyptic rhetoric that accompanied it.Narrated by Millian Quinteros.
Progressives argue that free markets stand in the way of economic and racial equality. In fact, free markets are the only vehicle that can help make people more equal.Narrate by Millian Quinteros.
In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well.Narrated by Millian Quinteros.
Block’s call for total war and the indiscriminate slaughter of innocent civilians in Gaza is the complete and uninhibited rejection and renunciation of the nonaggression principle that constitutes one of the very cornerstones of the Rothbardian system.Narrated by Millian Quinteros.
Recorded in Tampa, Florida, on February 17, 2024.Special thanks to Liberty Villages and the Shrader family for sponsoring this event.
On February 13, 2024, Bob participated (with Jim Rickards, Brent Johnson, and Michael Every) in a ZeroHedge debate on the fate of the USD. In this episode of the Human Action podcast, Bob highlights some of the key issues and explains why he thinks his side won.The ZeroHedge Debate: https://Mises.org/HAP435aBrent Johnson's Milkshake Theory: https://Mises.org/HAP435bEgert's Article on the Public Debt Threshold: https://Mises.org/HAP435cBob's Article on the Latest CBO Federal Debt Report: https://Mises.org/HAP435dHuman Action Podcast listeners can get a free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization: https://Mises.org/HAPodFree
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Doug French to discuss the health of US banks, the specific dangers of commercial real estate debt, and the risks of industry consolidation.Discussed on the Show "The Fed Claims the Banking System is "Sound and Resilient." The Banks' Balance Sheets Say Otherwise" by Douglas French: https://Mises.org/RR_173_A"The Fed Prepares for a Bank Crisis While Telling Americans the Economy is Strong" by Tho Bishop: https://Mises.org/RR_173_BClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide.Narrated by Millian Quinteros.
Whenever governing elites create a new crisis, they insist that “we're all in this together.” It’s time to ignore their lies altogether.Narrated by Millian Quinteros.
So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants.Narrated by Millian Quinteros.
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.Narrated by Millian Quinteros.
In this week's episode, Mark takes a quick look back at Fed wisdom in the year 2000, and then surveys today's stock market—and, in particular, the Magnificent Seven stocks, which represent very narrow leadership of the overall stock market.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Is the regulatory choice a tradeoff between safety or “breaking a few eggs” via free markets? The logic of allowing for free and unhampered markets is compelling.Narrated by Millian Quinteros.
Scott R. Sehon tries to be intellectually honest in his critique of capitalism and his endorsement of socialism, but David Gordon writes that Sehon needs to better know the arguments favoring capitalism.Narrated by Millian Quinteros.
Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like. The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide.Narrated by Millian Quinteros.
The Biden administration’s Middle East policies are going to produce the same kind of blowback that led to the 9/11 attacks. The more reckless Biden becomes, the more American lives are placed at risk.Narrated by Millian Quinteros.
Bob goes solo to give a point-by-point rebuttal to James Lindsay's recent essay arguing that "national divorce means national suicide." Bob argues that James employs inconsistent claims and ignores the tremendous economic boon to an independent Texas.James Lindsay's Article "National Divorce is National Suicide": https://Mises.org/HAP434aBob's Book "Common Sense: The Case for an Independent Texas": https://Mises.org/HAP434bAntiWar.com Article on Gaza: https://Mises.org/HAP434cScott Horton's Interview with Arnon Soffer: https://Mises.org/HAP434d
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop do a recap of Ryan's debate at LibertyCon on the question of national divorce. Tho and Ryan address some of the libertarian arguments against secession, as well as the larger divide between libertarians like David Boaz and Rothbardians on matters of voluntary association.Discussed on the Show Ryan's debate — Will a National Divorce Lead to More Individual Liberty?: https://Mises.org/RR_172_A"Anarchism and Radical Decentralization Are the Same Thing" by Ryan McMaken: https://Mises.org/RR_172_BDavid Boaz speech clip: https://Mises.org/RR_172_CGrab a copy of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities by Ryan McMaken. Use Promo Code RothPod: https://Mises.org/RR_172_DClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes.Narrated by Millian Quinteros.
Fact-checking has become a veritable industry in the media. However, the conclusions of “fact checkers” mysteriously seem to align with the opinions of elites. That’s their story, and political, educational, and social elites are sticking to it.Narrated by Millian Quinteros.
Social media tends to be blamed for the overall nastiness of public discourse. Instead of condemning this form of communication, condemn the fuel that feeds this conflagration: democracy.Narrated by Millian Quinteros.
Intellectual property laws provide another example of how government stifles innovation and competition.
One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat.Narrated by Millian Quinteros.
In his review of Claes G. Ryn's The Failure of American Conservatism, David Gordon points out that Austrian economic methodology is not a value-laden Jacobin experiment, but rather a workable explanation of how a successful economy works.Narrated by Millian Quinteros.
While the “Great Reset” involves an unholy alliance between governments and big businesses, implementing its policies is impossible without central banks suppressing interest rates. Now that rates are rising, people are finding firsthand the real costs of the “Great Reset.”Narrated by Millian Quinteros.
Mark talks about the Fed's Reverse Repo Operations, which explain the conundrum of the Fed's "tight" monetary policy and new record highs in the stock market. It turns out that the Fed is not a bunch of "tightwads" after all, but has served up a nearly $2 trillion monetary injection since the bond market cratered last year.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at https://Mises.org/IssuesFree.
Academic VP of the Mises Institute, Joe Salerno, joins Bob to discuss his talk at the Supporters Summit, centering on the mainstream's focus on "rules vs. discretion" in monetary policy. Salerno explains how President Eisenhower's administration marked a pivot away from the ideology of inflation.Dr. Salerno's Talk at the 2023 Supporters Summit: https://Mises.org/HAP433a
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the growing tensions between the State of Texas and the Biden Administration. The two evaluate the situation today, what we should expect in the near future, and what its lasting ramifications could be for the regime. Discussed on the Show "It's Biden vs. Texas, and Texas Is Right" by Ryan McMaken: https://Mises.org/RR_171_A"The Establishment Is Unmasking Itself" by Connor O'Keeffe: https://Mises.org/RR_171_B"Reaping What You Sow: The American Regime in Chaos" by Tho Bishop: https://Mises.org/RR_171_CClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers.Narrated by Millian Quinteros.
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it.Narrated by Millian Quinteros.
As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian thinking. Liberty is a goal still worth pursuing.Narrated by Millian Quinteros.
By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.Narrated by Millian Quinteros.
Javier Milei has begun his presidency by taking action against much of Argentina’s vast welfare state. One hopes it is the beginning to a successful term in office.Narrated by Millian Quinteros.
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.Narrated by Millian Quinteros.
The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe.Narrated by Millian Quinteros.
In this week's episode, we replay Mark's recent appearance on the Rob Taylor Report. Mark and Rob take a deep look at the practical impact of socialist ideology in Oregon when mixed with the partial "decriminalization" of all hard drugs in the state. The main issues they discuss are the lack of respect for private property rights, and woke government causing social chaos in Oregon; but, it's a lesson for everyone, everywhere.The Rob Taylor Report is available online at https://RobTaylorReport.comBe sure to follow Minor Issues at https://Mises.org/MinorIssuesGet your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Economist Peter St. Onge summarizes some of the major financial and government news stories of the day.Bob's Mises University Talk 'Price Inflation: Corona vs. QE': https://Mises.org/HAP432a
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Institute Fellow Jonathan Newman to discuss economic fake news, featuring a cameo by Taylor Swift and Selina Gomez.Also, sign up today for our special Radio Rothbard raffle for a free entry into our 2024 Human Action Conference, celebrating the 75th anniversary of Ludwig von Mises's masterpiece. https://Mises.org/RRraffle.Discussed on the Show "Selena Gomez Explains To Taylor Swift How The Federal Reserve Creates Boom And Bust Cycles Through Manipulation Of Interest Rates And Fiat Currency" by The Babylon Bee: https://Mises.org/RR_170_A"Krugman's New Favorite Inflation Expectations Measure" by Jonathan Newman: https://Mises.org/RR_170_B"Taking Money Back (Part I)" by Murray Rothbard: https://Mises.org/RR_170_C"Fractional Reserve Banking (Part II)" by Murray Rothbard: https://Mises.org/RR_170_D"How to Free Ourselves from Government Money (Part III)" by Murray Rothbard: https://Mises.org/RR_170_EClaim your free https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off
Ryan and Zach review a new book on the basics of the "classical liberal" theory of international relations. Drawing on the work of Mises and Hayek, Edwin van de Haar's new IR book provides a useful and insightful summary of how a pro-freedom foreign policy differs from the usual foreign policy in Washington. Additional Resources"Human Nature and World Affairs: An Introduction to Classical Liberalism and International Relations Theory" by Edwin van de Haar: https://Mises.org/WES_17_A"Mises on Nationalism, the Right of Self-Determination, and the Problem of Immigration" by Joseph Salerno: https://Mises.org/WES_17_Bhttps://EdwinvandeHaar.comBe sure to follow War, Economy, and State at https://Mises.org/WES.
The arguments of open-borders advocates may be applicable in some corners of the developed world. However, for small countries next to larger ones, open borders bring serious geopolitical consequences.Narrated by Millian Quinteros.
The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy.Narrated by Millian Quinteros.
Thomas Hill Green, an eighteenth-century English philosopher, didn't believe it was possible to have a good society without a powerful state. David Gordon explains why Green’s argument fails to impress.Narrated by Millian Quinteros.
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.Narrated by Millian Quinteros.
American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands.Narrated by Millian Quinteros.
While Western attention is on the Israel-Hamas conflict, war quietly rages in Yemen with predictable destruction. Not surprisingly, US interventionism is fueling this fight.Narrated by Millian Quinteros.
In this week's episode, Mark compares two definitions of inflation and what this means for policy makers and the productive population in 2024. The mainstream view creates nothing but confusion and smokescreens, while the Austrian definition shows that the true definition shows a much higher level of economic pain and uncertainty and more economic problems to come in 2024.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Bob goes solo to discuss a recent Twitter controversy, in which opponents of a proposed tax argued that unrealized capital gains couldn't possibly be a form of income. Bob cites both Austrian theory and corporate accounting practice to respond that all capital gains are income, which is not to say that they ought to be taxed. The dispute is important because understanding the definition of "income" sheds light on the role of market prices in guiding entrepreneurial action.Bob Talks to David Schizer on the Moore Ruling: https://Mises.org/HAP431aBob's Econlib Article on Capital and Income: https://Mises.org/HAP431b
For most of the past century, Argentina has seen the destruction wrought by collectivism. To reverse the damage, the nation must allow decentralization, beginning with free cities.Narrated by Millian Quinteros.
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.Narrated by Millian Quinteros.
The recent campus protests following the Hamas-Israel conflict have been framed as either antiapartheid or anti-Semitic. The conflict is much deeper, being rooted in toxic identity politics.Narrated by Millian Quinteros.
When it comes to housing, the solution to the problem of affordability is rather straightforward: build more. Slapping price controls on housing in the form of “rent control” only makes things worse.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the results of the Iowa Caucuses. What does Trump's overwhelming win mean for American politics, and what is the future for candidates like Vivek Ramaswamy and Ron DeSantis? Also, did anyone know Asa Hutchinson was still around? Ryan and Tho discuss this and more.Claim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
With the Houthis in Yemen firing on commercial ships in the Red Sea, the US is contemplating yet another Middle East conflict. As we see again, aggression leads to more aggression.Narrated by Millian Quinteros.
The Rothbard Graduate Seminar (RGS) provides an opportunity to learn about Austrian economics at a high level.Narrated by Millian Quinteros.
All of us have experienced government road closures and the traffic and safety nightmares they create. Private roads may be the answer to solving the problem.Narrated by Millian Quinteros.
On this week's episode, Mark opens the Congressional Political Playbook to examine the proposed Congressional compromise spending legislation—and what they might name it.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Economic giant Robert Solow died in December 2023. He was a Nobel laureate, and four of his PhD students went on to also receive the Nobel. He is known for the growth model named in his honor. Garett Jones of GMU joins Bob to discuss the work of Solow, focusing on the possible tension between the Solow model's conclusions about capital accumulation vis-à-vis the Austrian School.
The response to the covid-19 outbreak is better understood as a tool of the national security state rather than as a public health measure.Narrated by Millian Quinteros.
While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments.Narrated by Millian Quinteros.
As both progressives and conservatives turn authoritarian, libertarian populism inspired by Murray Rothbard provides an alternative to the statist nonsense that dominates political discourse.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss immigration. While many libertarians have adopted an absolutist open borders position on immigration, there are a number of other factors that should be considered. Ryan and Tho look at the case of small states and the issues raised by government"Why Open Borders Don't Work for Small Countries" by Ryan McMaken: https://Mises.org/RR_168_A"Mises on Nationalism, the Right of Self-Determination, and the Problem of Immigration" by Joseph T. Salerno: https://Mises.org/RR_168_BClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Since government regulates nearly everything, it is not surprising that regulations often prohibit the sale and consumption of raw milk. Like many other regulations, these prohibitions reflect political favoritism, not health science.Narrated by Millian Quinteros.
Jamaicans are willing to accept authoritarian behavior from the state in the name of rejecting colonialism.Narrated by Millian Quinteros.
Economist Antony C. Sutton understood one of the most fundamental economic truths: gold is money. Thorsten Polleit reviews Sutton’s classic book, The War on Gold.Narrated by Millian Quinteros.
Using the rhetoric of “protecting democracy,” American ruling elites have tried to censor the internet because they don’t like the results of democracy when information no longer is filtered by the political classes.Narrated by Millian Quinteros.
This week's episode begins 2024 by looking at the growing political divide among the American people—and how to solve it.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Murray Sabrin joins Bob to discuss his upcoming online course on the economics of the US healthcare system, including practical solutions. The course begins in mid-January 2024.Dr. Sabrin's New Online Course: https://Mises.org/HAP429aIPAK-EDU.org is offering the following discounts:50% off until Jan 6th with code: COUNTMEIN 25% off after January 6th with code: JACKSAYS75
Economist Daniel Lacalle joins Ryan and Tho to talk about how central banks are engineering more zombie companies, higher inflation, and a "private sector recession," all hiding behind misleading and bullish aggregate data.Claim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Federal debt is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty.Narrated by Millian Quinteros.
Progressives claim that state-sponsored healthcare systems are superior to market-based systems. Their arguments don’t add up.Narrated by Millian Quinteros.
Many cities and states in this country have been tearing down or destroying monuments because they represent part of a past that progressives and leftists believe should not have existed. Each time we tear down something, we potentially lose part of an important heritage.Narrated by Millian Quinteros.
President Joe Biden is promoting his “AI Bill of Rights,” which looks to be an attempt to censor political opposition. Naturally, political and media elites are enthusiastically endorsing it.Narrated by Millian Quinteros.
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 1: Economic Thought Before Adam SmithIn volume one, Murray Rothbard traces economic ideas from ancient sources to show that laissez-faire liberalism and economic thought itself began with the Spanish Scholastics and early Roman, Greek, and canon law. Unfortunately, Adam Smith’s labor cost theories became the dominant view, especially in Britain. Rothbard regards Smith as largely a retrograde influence on economic theory. Narrated by Jeff Riggenbach.
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
An Austrian Perspective on the History of Economic Thought, Volume 2: Classical EconomicsThe second volume contains an enlightening critique of Ricardian economics, showing the constraints on theory entailed by Ricardo’s static and pseudo-mathematical method. Ricardo’s successor John Stuart Mill is the object of a devastating intellectual portrait. Marxism is subjected to a merciless demolition, and Rothbard shows the roots of this system in metaphysical speculation. The French classical liberals such as Bastiat, on the other hand, contributed to the subjectivist school. A further highlight of this volume is a discussion of the bullionist controversy: the views of the Banking and Currency Schools receive extensive analysis.Narrated by Jeff Riggenbach
The Bill of Rights turns 232 years old today. Adopted in 1791 as a consolation prize for the Anti-Federalists, it has been the most important part of American legal history since the 18th century.Narrated by Millian Quinteros.
While zoning laws do not explain all homelessness in this country, they help make housing less affordable, putting more people on the streets who no longer can pay for a place to live.Narrated by Millian Quinteros.
A coin collection can tell a lot about this nation's monetary history, and especially what happened nearly 60 years ago after the government debased U.S. coinage. This history is not having a happy ending.Narrated by Millian Quinteros.
It seems U.S. government officials are entitled to blindfold and deceive the American people to avoid “intruding” on foreign leaders planning a military attack? This theory of democracy gets curiouser and curiouser.Narrated by Millian Quinteros.
In this episode, Mark looks back at 2023 as a great year for the goals and prospects of the Mises Institute moving forward, but a very bad year for the State.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book.Tyler's New Book for Free: https://Mises.org/HAP428aTyler's Blog: https://Mises.org/HAP428b
Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt.Narrated by Millian Quinteros.
Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts.Narrated by Millian Quinteros.
America's famous Corn Belt should better be known as the nation's Subsidy Belt.Narrated by Millian Quinteros.
On the final Radio Rothbard of 2023, Ryan McMaken and Tho Bishop are joined by Patrick Newman. At a recent Mises event, Newman made some bold predictions about the Federal Reserve's actions in 2024, some of which already look to becoming true. The three talk about what may be on the table for the new year for the economy, politics, and foreign affairs."Are We Headed for a Recession in 2024?" by Patrick Newman: https://Mises.org/RR_166_AClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
World elites gathered in yet another attempt to remake the world in a different image, with so-called climate change invoked as the catalyst for the meeting. As one can imagine, their "good" society is not very good for those who are not elites.Narrated by Millian Quinteros.
In the name of dealing with a so-called public health crisis, U.S. political and medical elites created even more crises. David Gordon reviews Tom Woods' new book that deconstructs the disastrous decisions made by progressive politicians and medical authorities.Narrated by Millian Quinteros.
As the delegates gather for COP28 to set an agenda to "fight climate change," we should remember what they are seeking to do: destroy the world's economy as we have known it.Narrated by Millian Quinteros.
With a doveish pivot, Jerome Powell is declaring victory over inflation. It would be extraordinarily naive to ignore the influence of next year’s presidential election on the Fed’s new outlook.Narrated by Millian Quinteros.
Stock and bond markets are abuzz this week over Chairman Jay Powell's hints of a "Fed Pivot" in interest rate policy. Mark Thornton explains why this optimism is badly misplaced.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Africa, while being rich in natural resources, is hobbled by government corruption, socialistic policies, and a lack of economic freedom. One only can hope for change.Narrated by Millian Quinteros.
A century ago, the German reichsmark went into freefall as the most famous hyperinflation in history exploded the German economy. The repercussions still are with us.Narrated by Millian Quinteros.
One usually does not equate libertarian thinking with a US prison, but prison life does offer some surprises, especially when it comes to internal governance.Narrated by Millian Quinteros.
In his latest defense of bloated military spending, President Joe Biden claims that the military budget creates real wealth. Instead, military spending is destroying it.Narrated by Millian Quinteros.
Get ready to see George W. Bush, Michelle Obama, Mitch McConnell, and Hillary Clinton all mourn together at Kissinger's funeral as they hail one of the regime's most devoted apologists.Narrated by Millian Quinteros.
The behemoth known as the US government didn’t metastasize by accident. The process began as soon as the US Constitution was ratified.Narrated by Millian Quinteros.
Statists reveal their belief in the almighty state in many different ways, but they all want the same outcome: more government control over our lives.Narrated by Millian Quinteros.
Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mark Thornton to discuss Jerome Powell's most recent announcement. As the Fed signals its potential for a policy pivot, other members of the FOMC are sending other signals. What does this mean for monetary policy, the dollar, and the performance of the real economy? Thornton is here to answer these questions and more."Will Powell's Pivot Bail Out Biden?" by Tho Bishop: https://Mises.org/RR_165_A"The Money Supply Continues its Biggest Collapse Since the Great Depression" by Ryan McMaken: https://Mises.org/RR_165_B"The Fed Brings Christmas Early to Wall Street" by Peter St. Onge: https://Mises.org/RR_165_CClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists.Narrated by Millian Quinteros.
Thanks to Federal Reserve intervention, apartments and apartment buildings have turned into giant malinvestments. Once again, a federal entity intervenes in markets presumably to make them work better, but things end in a crisis.Narrated by Millian Quinteros.
Ryan and Zachary make some guesses about where things are headed in 2024 for both Ukraine and the Israel-Hamas war. How long will the US try to keep the Ukraine war going, and what is Israel's plan for Gaza?Be sure to follow War, Economy, and State at https://Mises.org/WES.
Murray Rothbard and Milton Friedman didn’t only disagree on the subject of economics. They also sharply disagreed on the direction American conservatism needed to go.Narrated by Millian Quinteros.
Anarchocapitalism does not fall into the same category as socialism, whose establishment and maintenance require violence. Anarchocapitalism arises spontaneously from the removal of barriers that stand against the natural order of things.Narrated by Millian Quinteros.
The Malthusian fallacy created the common view that economics is cold, hardhearted, excessively rational, and opposed to the welfare of people, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Jeff Riggenbach.
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown, writes Ron Paul.This audio Mises Daily is narrated by Dianna Keiler.
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on.Narrated by Millian Quinteros.
As the Biden administration doubles down in its determination to create a more progressive nation, it inadvertently is creating more opportunities to promote libertarian alternatives.Narrated by Millian Quinteros.
While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property.Narrated by Millian Quinteros.
In this week's episode Mark explains the term "Greenwashing" and describes how Austrian economists might agree with the sentiment behind it. Are Austrian school economists against the environment? Mark thinks not and explains why. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age.Narrated by Millian Quinteros.
One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve.Narrated by Millian Quinteros.
Between war weariness and the inability of the US government to pay war bills, reality is going to come to the fore even if Washington doesn't like it.Narrated by Millian Quinteros.
The student loan program is descending into chaos and the Biden administration is clueless about what to do. Furthermore, the value of a college education continues to fall while college costs increase.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss ideas for states to consider going into 2024. With faith in the federal government dropping across the country, Ryan and Tho identify meaningful steps states can pursue to help decentralize political power.
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.Narrated by Millian Quinteros.
With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.Narrated by Millian Quinteros.
Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death.Narrated by Millian Quinteros.
The concept of the state has more to do with the worldview of ancient Greek philosophers than with the Roman Empire. We could learn a few things about statelessness from the Romans.Narrated by Millian Quinteros.
David Gordon reviews Only a Voice, by George Scialabba, dealing with the author's comments on antiwar progressives Randolph Bourne and Dwight Macdonald.Narrated by Millian Quinteros.
While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures.Narrated by Millian Quinteros.
For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power.Narrated by Millian Quinteros.
Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies.Narrated by Millian Quinteros.
While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.Narrated by Millian Quinteros.
The Wall Street Journal reported last month that the ballot initiative to decriminalize all drugs in the state of Oregon is failing, and that efforts are underway to recriminalize hard drugs. Mark points out that decriminalizing drug possession does nothing to improve black market production of drugs, which makes drugs much more dangerous to consume. More importantly, it is Oregon's socialist ideology that coddles homelessness and open hard drug use that is the real problem for the good citizens of the state—and is not helping the drug addicts either. The solution is for society—the nexus of private property owners—to reassert its will. See also "Welcome to Needle Park" by Mark Thornton: https://Mises.org/Minor48_ABe sure to follow Minor Issues at https://Mises.org/MinorIssuesGet your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace.Narrated by Millian Quinteros.
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”Narrated by Millian Quinteros.
Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the economic gloom: Republicans. In a recent New York Times article, Krugman touts that partisanship and media bias drive a wedge between consumer sentiment and economic reality. But is this actually what’s going on?Dr. Jonathan Newman is back with Bob to break down Krugman's shifting economic predictions and to consider the trajectory of the US economy.Krugman's NYT Article from 2021 on Inflation: https://Mises.org/HAP425aKrugman's NYT Article on Begin Wrong About Inflation: https://Mises.org/HAP425bJonathan and Bob's HAP Episode on The Fed's 'Soft Landing': https://Mises.org/HAP425c
The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake.Narrated by Millian Quinteros.
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Dr. Gilbert Berdine, an associate professor of medicine at Texas Tech University Health Sciences Center and an affiliate of the Free Market Institute at Texas Tech University. In 2020, Dr. Berdine was warning about efficacy and risks claims being made over covid vaccines, which are at the forefront of a recent lawsuit by the State of Texas against Pfizer. Ryan and Tho discuss the case with Dr. Berdine, as well as the lessons learned from the government's response to covid and what is fueling the authoritarian capture of the American medical industry."What the Covid Vaccine Hype Fails to Mention" by Gilbert Berdine: https://Mises.org/RR_163_A"United Kingdom Mortality Data by Age Group and Vaccination Status: Looking at Vaccine Effectiveness" by Gilbert Berdine: https://Mises.org/RR_163_B"Real Scientific Inquiry Requires Dissent. But That's Not What the CDC and JAMA Want." by Gilbert Berdine: https://Mises.org/RR_163_C"Can Austrian Economics Save Medicine?" by DR. MICHEL ACCAD: https://Mises.org/RR_163_DClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality.Narrated by Millian Quinteros.
Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.Narrated by Millian Quinteros.
Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever.Narrated by Millian Quinteros.
Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.Narrated by Millian Quinteros.
Sen. Elizabeth Warren is at it again: demanding government intervention in the nation's healthcare system to deal with problems caused by earlier government intervention.Narrated by Millian Quinteros.
Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them.Narrated by Millian Quinteros.
Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains.Narrated by Millian Quinteros.
Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source.Narrated by Millian Quinteros.
In the past two decades, the TSA has proven it is ineffective in providing real security for airline passengers. However, its growing incompetence is matched only by its increasing intrusion into travelers' lives.Narrated by Millian Quinteros.
In this week's episode, Mark looks at "All Time Highs" in such things as stocks, real estate, and stock indexes. Housing prices hit an all time high this week, and gold is not far behind. While all time highs—or even "new highs"—are unambiguously good for owners of these assets, it is much more ambiguous as a signal about the future. Gold might be an exception to this rule, as Mark explains.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree.
Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics.Narrated by Millian Quinteros.
Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.Narrated by Millian Quinteros.
According to a Brown University professor, ExxonMobil threatens our democratic republic by purchasing another company. The totalitarian woke atmosphere in American higher education is the real threat.Narrated by Millian Quinteros.
While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows.Narrated by Millian Quinteros.
Ryan McMaken and Benjamin Seevers examine the reasoning behind efforts to destroy Americans' right to sell land to foreign nationals, especially the Chinese. It seems some think that Chinese nationals' ownership of 0.03% of American farmland is a big problem."Arkansas' Attack on Chinese-Owned Property Is Reckless and Crony-Driven" by Benjamin Seevers: https://Mises.org/RR_162_A"Should We Allow U.S. Land To Be Sold to the Chinese?" by Walter Block: https://Mises.org/RR_162_B"Foreign Investment in U.S. Ag Land – The Latest Numbers" by Daniel Munch: https://Mises.org/RR_162_CClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Advocates of unbacked paper money claim that theirs is the “civilized” choice, as opposed to gold, or what Keynes called “that barbarous relic.” These inflationists, however, are the ones wrecking civilization as we have known it.
Ten years ago, I discovered the Mises Institute. This is the advice I wish I could send back to my younger self.Narrated by Millian Quinteros.
Forget the other mainstream explanations for interest. Time preference explains this phenomenon and gives a true picture of why interest exists in the first place.Narrated by Millian Quinteros.
As this author previously has noted, the ideology of statism is responsible for much of the violence that plagues the world. We see this played out in Israel's aggressive retaliatory attacks in Gaza in response to the October 7 killings by Hamas.Narrated by Millian Quinteros.
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low.Narrated by Millian Quinteros.
Data on employed persons, wages, and other measures point to trouble ahead in an economy already strained by growing bankruptcies, mounting debts, and disappearing savings.Narrated by Millian Quinteros.
The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?Narrated by Millian Quinteros.
The eternal “climate emergency” is upon us. While doomsday is said to be around the corner, the reality is that the only thing rising is the level of government control.Narrated by Millian Quinteros.
While Israel receives praise for being a "democracy" in the undemocratic Middle East, its surveillance policies mirror those of China, which is decidedly not democratic.Narrated by Millian Quinteros.
In this week's episode, Mark looks at the implications of famed investor Jim Chanos shutting down his hedge fund which specialized in shorting stocks. The closure comes as stock markets in the US hit all time record highs. Mark frames these two events in light of the Austrian Theory of the Business Cycle. Be sure to follow Minor Issues at https://Mises.org/MinorIssuesGet your free copy of Murray Rothbard's book Anatomy of the State at Mises.org/IssuesFreeAdditional Resources"The Social Function of Stock Speculators" by Robert P. Murphy: https://Mises.org/Minor46_A"Short Sellers Keep the Market Honest" (Wall Street Journal) by Jim Thanos: https://Mises.org/Minor46_B"Jim Chanos, Short Seller Who Took on Enron and Tesla, to Close Hedge Funds" (Wall Street Journal) by Gregory Zuckerman Follow and Peter Rudegeair: https://Mises.org/Minor46_C
An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do.Narrated by Millian Quinteros.
The newly-released movie "Killers of the Flower Moon" depicts what happens when politically-connected people can use the state to carry out nefarious deeds. Unfortunately, government failure is one lesson that is sure to be lost here.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the aftermath of Javier Milei's election in Argentina. The two discuss the value Milei's victory has for libertarianism and Austrian economics, the challenges he immediately faces, and what steps are necessary for him to turn a winning campaign into an impactful presidency."The United States Needs Its Own Javier Milei" by Connor O'Keeffe: https://Mises.org/RR_161_A"An Anarchist’s Pragmatic Plan of Government for Argentina" by Manuel García Gojon: https://Mises.org/RR_161_B"A Statement on Javier Milei from Spanish Libertarians" by Jesús Huerta de Soto & Philipp Bagus: https://Mises.org/RR_161_C"Rothbard, Milei and the New Right in Argentina" by Fernando Chiocca: https://Mises.org/RR_161_DClaim your free book: https://Mises.org/RothPodFreeBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.Narrated by Millian Quinteros.
A Cato Institute associate has declared the development of the covid-19 vaccines to be a free-market “triumph.” The only thing that has triumphed in this sorry episode has been the rapid growth of coercive government power.Narrated by Millian Quinteros.
Ryan and Zachary discuss the basics of Just War Theory and whether a "moral war" is possible. They also discuss the theory's origins in natural law, and how the theory relates to pacifism, wealth, and war crimes.Be sure to follow War, Economy, and State at https://Mises.org/WES.Additional Resources"Get the US Out of the Middle East" by Ryan McMaken: https://Mises.org/WES_15_A"American History Is a Preview of the Israel-Palestine End Game" by Ryan McMaken: https://Mises.org/WES_15_BWar, Economy, and State - Ethnic Interest Groups Fuel the American Warfare State: https://Mises.org/WES_15_CDouglas Murray on having a "proportionate response” in a conflict: https://Mises.org/WES_15_D
Governments regularly suppress freedom—yet few complain. One wonders if Stockholm syndrome is at work.Narrated by Millian Quinteros.
In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.Narrated by Millian Quinteros.
Nobel Prize winner Angus Deaton claims that the free market cannot provide adequate medical care. Of course, he goes on to describe government failure but calls it a free market.Narrated by Millian Quinteros.
Resettling Gazans in America—at taxpayer expense—will be sold as a "humanitarian" effort, but anyone who sees through the propaganda will see that it's really all a cynical effort to please Israeli politicians.Narrated by Millian Quinteros.
How the Israel-Gaza war ends is easy to imagine because it's following a path that has been trod many times before. We've seen it many times during conflicts between settler populations and indigenous populations worldwideNarrated by Millian Quinteros.
After an earlier article by Zachary Yost on a call by military “experts” to reinstate the military draft, the authors of the original paper are trying to back off on their original recommendation. But there is no doubt as to what they want the government to do.Narrated by Millian Quinteros.
This latest Middle East conflict is ultimately little more than gang warfare. We oppose it as a matter of principle.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge, an economic fellow with the Heritage Foundation and frequent Mises Wire author. With the costs of financing the national debt now exceeding the costs of military spending and major social programs, Peter explains why government spending is now a crisis the regime can't ignore.
China's so-called economic miracle is running into the ground as the reality of central planning becomes increasingly obvious and an economic reckoning looms.Narrated by Millian Quinteros.
The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention.Narrated by Millian Quinteros.
Inflation in Turkey today is officially running close to 70 percent, but the Turkish economy seems to be booming. Inflationary booms, however, cannot be sustained.
While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future.Narrated by Millian Quinteros.
Under the guise of "modernizing" communications, the Canadian government is vastly expanding its power to regulate social media and threaten free speech.Narrated by Millian Quinteros.
While Ibrahim Kendi's infamous antiracism center at Boston University implodes, the doctrines espoused by the center continue to present false social narratives.Narrated by Millian Quinteros.
As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects.Narrated by Millian Quinteros.
Americans have been fed the myth that US foreign policy from 1919 to 1941 was isolationist. In reality, US policies destabilized already volatile international relations.Narrated by Millian Quinteros.
Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid.Narrated by Millian Quinteros.
Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars.Narrated by Millian Quinteros.
The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error.Narrated by Millian Quinteros.
On this week's episode, Mark looks at the financial condition of the government and of American citizens on the cusp of the next recession. The financial condition of the United States Treasury, the Federal Reserve, and the American citizenry is weak; debt is high and rising, and this is very worrisome in an economic environment of rising interest rates and a weakening global economy. Please share this episode with a curmudgeon.The U.S. Debt Clock: https://USDebtClock.orgBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender.
Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money.Narrated by Millian Quinteros.
Mises' work explains how laissez-faire economies have incentives to be peaceful with each other, and how, inversely, tariffs and protectionism create isolation, instability, and war. His words are especially prescient today as conflicts rage and tensions between superpowers continue to rise—mirroring the rise in state power across the globe.Dr. Jonathan Newman joins Bob to break down the history of warfare, how states fund war, and why war is more destructive in the modern era.Dr. Newman's Article on the History of Warfare: https://Mises.org/HAP421aDr. Murphy on Private Military Defense: https://Mises.org/HAP421b'Free Trade vs. Protectionism' MisesU 2023 Lecture: https://Mises.org/HAP421cBob and Jonathan's Talks from the Mises Circle in Fort Myers: https://Mises.org/HAP421d
As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long.Narrated by Millian Quinteros.
While the ruling elites and the Federal Reserve try to sell digital money as “modern” and “convenient,” it poses threats to financial privacy and civil liberties.Narrated by Millian Quinteros.
Mises Institute president Thomas DiLorenzo joins Ryan and Tho to discuss the moralistic claims behind American foreign policy. These claims intensified with the American Civil War and became a creed of American nationalists by the twentieth century. With the rise of the global dollar and dollar hegemony, America's foreign crusades became ever larger and more frequent."False Virtue: The Life and Death of 'American Exceptionalism'" by Thomas J. DiLorenzo: https://Mises.org/RR_159_ABe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The leviathan US state would not be possible without the Fed underwriting its growth. But the Fed is not all-powerful, nor can it continue to exist by only creating chaos.Narrated by Millian Quinteros.
The AI and robotics revolution continues. As entrepreneurs find new ways to use these things profitably, the overall wealth of nations increases.Narrated by Millian Quinteros.
David Gordon reviews Dan Moller's book Governing Least: A New England Libertarianism, in which the author examines the issue of a welfare state in a libertarian society.Narrated by Millian Quinteros.
Murray Rothbard asked this question and concluded that the current American regime, if the wisdom of Aquinas’ words is taken seriously, cannot wage a just war.Narrated by Millian Quinteros.
Fed up with the state's surveillance regime? There are ways to use available technology to frustrate government efforts to spy on you.Narrated by Millian Quinteros.
Even something that seems as objective as software development falls under the Austrian view of subjective utility.Narrated by Millian Quinteros.
Instead of the usual statist candidates, Argentine voters have to opportunity to elect a Rothbardian who is calling for radical free-market changes in the nation's economy.Narrated by Millian Quinteros.
Oliver Anthony's popular song, "Rich Men North of Richmond," describes the parasitic world of the Beltway. One hopes people understand the damage the political classes have done.
Residential electricity sources are becoming yet another form of “virtue signaling.”Narrated by Millian Quinteros.
On this week's episode, Mark addresses how we the people can prevent the government and the Federal Reserve from grabbing more power and implementing their own preferred "solutions" to economic issues. This is the third round of monetary chaos the Fed has subjected us to in recent history—a history from which valuable lessons can be learned.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Leave it to government judges and politicians to turn constitutional protections of free speech into new ways to centralize and grow state power.Narrated by Millian Quinteros.
Modern minds are so oriented toward state power that people often fail to understand there is a better way. Instead of “thinking outside the box,” we should think outside the state.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Joseph Solis-Mullen of the Libertarian Institute to discuss his new book, The Fake China Threat and Its Very Real Danger. Joseph debunks some of the most prominent myths about China, provides historical context for modern tensions, and outlines the real threats the "China myth" poses to Americans."So Much Hot Air: The (Fake) China Threat Strikes Again!" by Joseph Solis-Mullen: https://Mises.org/RR_158_A"Taking Notes out of Rothbard’s Taiwan Playbook" by Joseph Solis-Mullen: https://Mises.org/RR_158_BThe Fake China Threat and Its Very Real Danger by Joseph Solis-Mullen: https://libertarianinstitute.org/books/the-fake-china-threat-and-its-very-real-danger/Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
"Econ Bro" (who wishes to remain anonymous) is a Nigerian scholar who realized the limits of his conventional economics training and then discovered the work of Murray Rothbard and other Austrians. He now seeks to help his country and the world by spreading the truth.Econ Bro's Article on The State as a Rejection of God Part 1: https://Mises.org/HAP420aEcon Bro's Article on The State as a Rejection of God Part 2: https://Mises.org/HAP420b
President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy.Narrated by Millian Quinteros.
Robert Murphy explains how traders make money in a world of uncertainty and diabolical risk.Narrated by Millian Quinteros.
Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New York or Death Wish.Narrated by Millian Quinteros.
Is a true populist US government on the horizon? Probably not.Narrated by Millian Quinteros.
While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals.Narrated by Millian Quinteros.
Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story.Narrated by Millian Quinteros.
"Effective altruism" has become a buzzword with modern progressives who seek to combine state power and billionaire-funded nonprofits to redirect resources.Narrated by Millian Quinteros.
Most people will claim to be political and social “moderates” yet actually accept extreme socialist viewpoints.Narrated by Millian Quinteros.
Christianity Today magazine enthusiastically endorses government-enforced family leave, calling it “pro-family.” Government coercion, however, is still violence, not something to be championed.Narrated by Millian Quinteros.
David Gordon explains Murray Rothbard's famous assertion that laws against libel and slander should not be on the books.Narrated by Millian Quinteros.
Even when Congress tries to restrict government agencies from illegally gathering information on people, the agencies simply exploit legal loopholes or just break the law—without consequences.Narrated by Millian Quinteros.
On this week's episode, Mark recaps Professor Guido Hülsmann's recent lecture on the cultural impact of the paper dollar. Hülsmann explains how an ever-inflationary monetary system and depreciating currency are leading to moral decay and divisiveness in America.Be sure to follow Minor Issues at https://Mises.org/MinorIssuesAdditional Resources"The Cultural Impact of the Dollar" by Guido Hülsmann: https://Mises.org/Minor_42A"Abundance, Generosity, and the State: An Inquiry into Economic Principles" by Guido Hülsmann: https://Mises.org/Minor_42B
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.Narrated by Millian Quinteros.
Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.Narrated by Millian Quinteros.
Recently Yaron Brook and Bryan Caplan debated the merits of anarchism at the Soho Forum. Bob critiques Brook's opening statement.The Soho Forum Debate: https://Mises.org/HAP419aBob's Book on Market Anarchy, Chaos Theory: https://Mises.org/HAP419bRothbard's Book on Natural Rights and the State, For a New Liberty: https://Mises.org/HAP419cHans-Herman Hoppe's Book on Private Defense, The Private Production of Defense: https://Mises.org/HAP419dJoin us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: https://Mises.org/FL23Human Action Podcast listeners can get a free copy of Per Bylund's How to Think About the Economy: https://Mises.org/HAPodFree
It's about much more than just price inflation. Ryan and Jonathan Newman look at the many ways that America's central bank causes economic chaos while making us poorer and more unequal.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The US government doesn't just blow money in the US. Indeed, the reach of its wasteful spending spans the globe, and Congress seems incapable of stopping it.Narrated by Millian Quinteros.
While Hillary Clinton’s call to have Trump supporters “deprogrammed” has been met with snickers, her attitude is in line with most of this country’s governing elites.Narrated by Millian Quinteros.
American culture wars are not the product of religious fundamentalists or even activist groups. They exist because of state interference in the private lives of individuals.Narrated by Millian Quinteros.
Some small municipalities in Pennsylvania have disbanded their police departments, so others want to tax them for “depending” on state police. There is an even better course of action: allow private policing.Narrated by Millian Quinteros.
US government officials from President Biden to Secretary Yellen think the US can fund endless wars, but the American people are suffering in reality.Narrated by Millian Quinteros.
The affordability crisis is upon us. Housing, food, you name it, life is becoming expensive. The government blames business, but perhaps government officials should look in the mirror.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Download the slides from this lecture at https://Mises.org/SS23_PPT_12
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Wilfried and Barbara PuscherDownload the slides from this lecture at https://Mises.org/SS23_PPT_2
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Mark Strategos.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Dan Johnson and Randee Laskewitz.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Thomas and Lisa Dierl.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Gregory and Jane Gandee.Download the slides from this lecture at https://Mises.org/SS23_PPT_6
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Michael and Lisa Keller.Download the slides from this lecture at https://Mises.org/SS23_PPT_7
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Bob Tancula.Includes awarding of the George F. Kother Free-Market Writing Award by Ben Koether.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Includes an introduction by Dr. Sandra Klein.Sponsored by William Haynes.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Download the slides from this lecture at https://Mises.org/SS23_PPT_10
The indomitable Dr. Naomi Wolf discusses her exposé of the covid crime. Recorded at the Mises Institute's Supporters Summit in Auburn, Alabama, 12-14 October 2023. Includes an introduction by Sandra Klein. Sponsored by Gregory and Jane Gandee.
Rothbard warned against the assumption that because democracies are “better” than dictatorships, they are necessarily more peace loving.Narrated by Millian Quinteros.
Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases.Narrated by Millian Quinteros.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 14 October 2023. Includes an introduction by Dr. Sandra Klein and audience question and answer period.Sponsored by Gregory and Joy Morin.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Sponsored by Jule and Lynne Herbert.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Sponsored by Paul Dietrich.Download the slides from this lecture at https://Mises.org/SS23_PPT_17
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Sponsored by Bob Tancula.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Sponsored by Scott and Cathy Ullery.Download the slides from this lecture at https://Mises.org/SS23_PPT_15
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Sponsored by Brian and Shanna Tvenstrup.Download the slides from this lecture at https://Mises.org/SS23_PPT_14
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.Download the slides from this lecture at https://Mises.org/SS23_PPT_13
Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending.Narrated by Millian Quinteros.
While politicians like Bernie Sanders and AOC tout the Scandinavian welfare model for the USA, there are a few things to understand about these countries and the economies that support their welfare programs.Narrated by Millian Quinteros.
Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best.Narrated by Millian Quinteros.
On this week's episode, Mark takes a look back to where our dollar came from. Our nation started with silver as money: the Silver Dollar, and before that the Spanish Peso in colonial times. That type of large silver coin goes back to the early 1500s and the Early Modern Era when such coins expanded trade, improved the food supply, led to commercially produced clothing, and gradually changed housing from mud-and-grass construction to brick-and-lumber construction. Our modern paper dollar is worth less than 5% compared to silver.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter.Narrated by Millian Quinteros.
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.Narrated by Millian Quinteros.
Brian Albrecht joins Bob to discuss the work of this year's Nobel (Memorial) Prize Winner Claudia Goldin, with an emphasis on the male-female wage gap.Claudia Golden and Tyler Cowan Discuss The Gender Earnings Gap: https://Mises.org/HAP418aClaudia Golden's Paper on The Pill: https://Mises.org/HAP418bMore Content from Brian: https://Mises.org/HAP418c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the consequences of the Hamas-Israeli War may have on Americans. Looking at lessons from the War on Terror and other military conflicts, Ryan and Tho consider the economic costs, threats to personal liberty, and dangers of escalation that could lead to direct US involvement."Falling Military Recruitment Is Another Sign of Waning Faith in the Regime" by Ryan McMaken https://Mises.org/RR_156_A"The US Military Is Laying the Groundwork to Reinstitute the Draft" by Zachary Yost: https://Mises.org/RR_156_B"As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on 'Defense'" by Ryan McMaken: https://Mises.org/RR_156_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
From the various compromises pushed by "Beltway Libertarians" to the anti-free market rhetoric of conservative Sohrab Ahmari, government intervention has a lot of new friends. This will not end well.Narrated by Millian Quinteros.
On yet another crusade, US authorities have sanctioned Chinese cotton imports. The sanctions won't change Chinese policies but they will create hardships for many.Narrated by Millian Quinteros.
Although there has been excitement and fanfare over the recent BRICS meetings and proclamations, it is doubtful that these economies’ performance can match their rhetoric.Narrated by Millian Quinteros.
Why do people become libertarians? What attracts them to Austrian economics?Narrated by Millian Quinteros.
Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy.Narrated by Millian Quinteros.
Hans Hoppe theorized that monarchs, as opposed to democratically-elected political authorities, would have lower time preferences and would be less likely to engage in reckless government spending. Unfortunately, at least one Medieval Danish king acted like a modern politician.Narrated by Millian Quinteros.
Not satisfied with the futile and destructive wars it has fought in this century, leaders of the US Armed Forces now want reinstatement of the draft. Instead, perhaps our government should give peace a chance.Narrated by Millian Quinteros.
In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world.
Narrated by Millian Quinteros.
When Mises wrote that the fascists had "saved European civilization," he could have been describing Francisco Franco of Spain, who kept Spain from becoming a communist dictatorship.
Narrated by Millian Quinteros.
Being large doesn't make a country wealthy, nor does being small shrink a country's economy.
Narrated by Millian Quinteros.
Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety.
Narrated by Millian Quinteros.
Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur.Narrated by Millian Quinteros.
In this week's episode, Mark looks at PPI—the Producer Price Index—which provides evidence of the costs for suppliers in various industries, macroeconomic instability, and the potential for economic recovery. Here, very low prices provide the potential for recovery; and rising prices can indicate both recovery in the economy, as well as inflationary pressures moving forward. The Covid Bubble and restrictions caused a 50% increase in producer prices, and since the peak in 2022, PPI has only corrected about 10%. "Producer Price Index by Commodity: All Commodities" (PPIACO): https://Mises.org/Minor_PPIBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
Ryan McMaken joins Bob to discuss the surprisingly negative reaction (from a Reason writer and Tyler Cowen) to Oliver Anthony's hit song, "Rich Men North of Richmond." Ryan and Bob defend the lyrics, arguing that Anthony doesn't say anything objectionable from either a libertarian or economic perspective.
Listen to Oliver Anthony's "Rich Men North of Richmond": https://Mises.org/HAP412a Christian Britschgi's article in Reason on Oliver Anthony: https://Mises.org/HAP412b Tyler Cowan's Bloomberg Editorial: https://Mises.org/HAP412c
If Staten Island is allowed to secede, our national technocrats fear that might open up countless similar demands for self-determination across the nation. For the elites, the current status quo works quite well and they want to keep it that way.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at county and city-level secession movements and what it means for political self-determination. In a recent article, Ryan McMaken highlighted renewed calls for Staten Island to secede from New York City, but other recent examples include attempts by taxpayers in areas of Georgia and Alabama to break away from the control of mismanagement of local governments. Tho and Ryan look at the value these initiatives have, and the arguments used to try to stop them.Recommended Reading"Let Staten Island Secede!" by Ryan McMaken: https://Mises.org/RR_150_ADownload Anatomy of the State for free at https://Mises.org/Anatomy Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
The real effects of the atomic bomb on Hiroshima were hidden from Americans until the New Yorker published an exposé in 1946. Americans finally were confronted with the truth—even if they didn't want to believe it.
Narrated by Millian Quinteros.
Many conservatives, in trying to steer the USA away from "wokeism," fail to understand that their “national greatness” schemes are just as harmful.Narrated by Millian Quinteros.
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.Narrated by Millian Quinteros.
Modern American media has become so politicized that a once-venerable institution now cannot be trusted.Narrated by Millian Quinteros.
In this episode, Mark examines Fed Chairman Jay Powell's recent confession that the Fed is "navigating by the stars on a cloudy night." This reveals the fundamental methodological weakness of the Fed's economic policy and mainstream economics in general ("data dependency"). In contrast, it also reveals the strengths of Austrian economics, economic theory, and the self regulation of the free market. Mark suggests that we all be prepared for big negative surprises in the economy and additional Federal Reserve and government power grabs.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.Recommended Reading"What the Central Bank Cartel has Planned for You" by Thorsten Polleit: https://Mises.org/Minor34A"Transparency or Deception: What the Fed Was Saying in 2007" by Mark Thornton: https://Mises.org/Minor34B
Peter Lewin joins Bob to discuss his work with Nicolás Cachanosky on uniting Austrian capital theory with mainstream finance.
Peter's New Book on Capital and Finance: https://Mises.org/LewinBook
The covid restriction machinery is being ramped up in time for fall, despite the fact that covid poses little danger.
Narrated by Millian Quinteros.
Matthew Mohlman joins Good Money with Tho Bishop to discuss his work with Monument Ventures. Matthew and Tho discuss the need to build better alternatives to woke financial institutions, and the limit of political solutions to address the problem.Matthew's Article on JPMorgan's Progressive, Anti-Faith Agenda: https://Mises.org/GM21aOn Politically-Motivated 'De-Banking': https://Mises.org/GM21bVivek Ramaswamy on ESG: https://Mises.org/GM21cMonument Ventures: https://Mises.org/GM21d
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about the Chinese economy. While some of the left see China as a model for governing, those on the right often assume their rise relative to the US is inevitable. Ryan and Tho look at the recent challenges to the Chinese economy. Recommended Reading"The Chinese Economy: Market Socialism with Chinese Characteristics" by Antonio Graceffo: https://Mises.org/RR_149_A"China Enters the Doom Loop" by Peter St. Onge: https://Mises.org/RR_149_BDownload Anatomy of the State for free at https://Mises.org/AnatomyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.
Ryan and Zachary rank the GOP candidates at the debate. They range from "least terrible" (Ramaswamy) to "utterly awful" (Haley and Pence).
Be sure to follow War, Economy, and State at https://Mises.org/WES
The DOJ claims that it has "protected" consumers by standing in the way of a partnership between JetBlue and American Airlines. The only thing the DOJ protected was higher-cost flying.
Mainstream economists are quick to claim that environmental problems are caused by "market failure" that can be "fixed" by government intervention. However, the intervention itself is the problem.
Narrated by Millian Quinteros.
While those that cheered for lockdowns, vaccine mandates, and the shutdown of the global economy retreat to the back pages of the news, the World Health Organization and their ilk are already gearing up for the next crisis. The covid scare may have lost its political potency, but you can be sure that "public health emergencies" will continue to be a powerful tool for future control.
Join us for a Medical Freedom Summit featuring two brave leaders in the fight against medical tyranny.
Recorded in Windham, New Hampshire, on August 20, 2023.
Special thanks to Joe and Tracy Matarese for making this event possible.
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.
Narrated by Millian Quinteros.
While those that cheered for lockdowns, vaccine mandates, and the shutdown of the global economy retreat to the back pages of the news, the World Health Organization and their ilk are already gearing up for the next crisis. The covid scare may have lost its political potency, but you can be sure that "public health emergencies" will continue to be a powerful tool for future control.
Join us for a Medical Freedom Summit featuring two brave leaders in the fight against medical tyranny.
Recorded in Windham, New Hampshire, on August 20, 2023.
Special thanks to Joe and Tracy Matarese for making this event possible.
While those that cheered for lockdowns, vaccine mandates, and the shutdown of the global economy retreat to the back pages of the news, the World Health Organization and their ilk are already gearing up for the next crisis. The covid scare may have lost its political potency, but you can be sure that "public health emergencies" will continue to be a powerful tool for future control.
Join us for a Medical Freedom Summit featuring two brave leaders in the fight against medical tyranny.
Recorded in Windham, New Hampshire, on August 20, 2023.
Special thanks to Joe and Tracy Matarese for making this event possible.
Federal prosecutors and other law enforcement agents are turning blockchain firms into government subsidiaries. The real goal is to criminalize what really are lawful, private exchanges.
Narrated by Millian Quinteros.
Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented.
Narrated by Millian Quinteros.
Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong.
Narrated by Millian Quinteros.
Will we get a soft landing or a hard landing in the economy? Or, should we hope for a crash landing? Mark Thornton explains.
See also "Soft Landing? Not Likely" featuring Bob Murphy and Jonathan Newman on the Human Action Podcast: https://Mises.org/HAP407
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
On this episode of Good Money with Tho Bishop, Dr. Murray Sabrin joins the show. Dr. Sabrin shares his story of how he became an Austrian economist and discusses his analysis predicting a recession later in the year. Tho and Dr. Sabrin also talk about this week's anniversary of Nixon closing the gold window.
Dr. Sabrin's Article on the Coming Recession: https://Mises.org/GM19a
Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation.
Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices.
Galbraith's Article on the Fed's 'Soft Landing': https://Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: https://Mises.org/HAP409b
Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers.
Narrated by Millian Quinteros.
In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Summer Fellow Manuel Garcia Gojon to discuss the recent strong performance by Argentinian libertarian presidential candidate Javier Milei. The three discuss the economic conditions of Argentina fueling the self-proclaimed anarcho-capitalist's political rise, what separates him from other populist figures, and some of his proposed policies - such as abolishing the country's central bank.
Recommended Reading "Will Argentina's Next President Be a Rothbardian?" by Manuel García Gojon: https://Mises.org/RR_147_A
"An Anarchist’s Pragmatic Plan of Government for Argentina" by Manuel García Gojon: https://Mises.org/RR_147_B
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.
Narrated by Millian Quinteros.
Michael Rectenwald talks with Paul Gottfried about Paleoconservatism, the left, Wokism, the identity and ethos of the ruling elite, and decentralization.
Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use code "Rekt23" for $45 off admission: https://mises.org/Nashville23
The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital methods. Modern tech now makes the job a lot easier.
Narrated by Millian Quinteros.
While Americans believe the First Amendment protects their speech, the US government and mainstream media have joined together to suppress speech that does not coincide with government policies.
Narrated by Millian Quinteros.
The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill.
Narrated by Millian Quinteros.
The Christian nationalist state is one in which civil rulers—for a time—regard the Church as a convenient ally. Once this comes to an end, however, the "Christian" state transforms into a state hostile to those it was once designed to protect.
Narrated by Millian Quinteros.
The fall of the Pac-12 is an unfortunate end to a proud collegiate institution. But its death isn’t the fault of uncurable greed but of the conference’s own inability to be competitive in the game.
Narrated by Millian Quinteros.
Mark revisits his March 2023 episode (https://Mises.org/Minor11) on the high price of toilet paper. He shows how economic changes, so far, in 2023 seem to have vindicated his forecast of lower toilet paper and paper towel prices. It also demonstrates how the market process works on a minor scale, even when large determinants like Amazon, Covid, and the US home construction industry get tangled up with politicians and bureaucrats.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Ryan McMaken joins Bob to discuss the recent US Women's World Cup elimination, and to dispel the myth that markets are discriminatory. After defending Megan Rapinoe's failed penalty kick, they dismantle her outspoken views on "equal pay" in sports, and examine the left's claim that law is required to fix prejudice in the labor market.
In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.
Narrated by Millian Quinteros.
The Biden Administration is attempting to do a victory lap for "Bidenomics", but the public isn't buying it. On this episode of Good Money, Dr. Jonathan Newman joins the show to talk about his doubts of a "soft landing" for the economy, and the lies being told to sell Central Bank Digital Currencies.
Jonathan Newman's article on CBDCs: https://Mises.org/GM18a Jonathan Newman's article on "Soft Landing" headlines from 2007: https://Mises.org/GM18b
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Econ Bro, the founder of Nigerian Liberty, which offers seminars in Austrian economics in Nigeria. The three discuss the inflation crisis in Nigeria, the cultural consequences of rising prices in the country, and the costs of the state capture of its petrol industry.
To learn more about Nigerian Liberty, visit https://NigerianLiberty.com
To view Econ Bro's Substack at https://econbro.substack.com.
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.
Narrated by Millian Quinteros.
Socialists and communists claim to support the rights of "indigenous" peoples. However, that support rings hollow given how the USSR abused the native peoples of Siberia, all while American socialists and communists uncritically supported the Soviet Union.
Narrated by Millian Quinteros.
Some residents of St. Louis, fed up with the nonprotection from the city's police, have hired private security to deal with the problem. The egalitarian Left, of course, doesn't like that.
Narrated by Millian Quinteros.
The use of interstate compacts by US states shows that the states don't need the federal government to dictate or manage interstate relations.
Narrated by Millian Quinteros.
Trump is essentially being prosecuted for questioning the outcome of an election, and federal paranoia about protecting its own aura of legitimacy is entering a new highly aggressive phase.
Narrated by Millian Quinteros.
David Gordon take a critical look at Markus Gabriel's Moral Progress in Dark Times, and although he finds parts that are disturbing, he also discovers important areas of agreement.
Narrated by Millian Quinteros.
In this week's episode, Mark reviews what people have said about Fitch's downgrade of US government debt. Mark sees it as a good thing, but not good enough. The "minor issue" in the latest debt ceiling agreement is ignored by the mainstream media: politicians suspended the debt ceiling into 2025, rather than raising it to some arbitrary, higher figure.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
President Biden makes the false claim that wind- and solar-generated electricity are cheaper than power generated from coal and oil.
Narrated by Millian Quinteros.
According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies.
Narrated by Millian Quinteros.
As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.
Robert Lucas' Nobel Prize Winning Lecture: https://Mises.org/HAP407a Bob's Eerie Article from 2007 on the Recession: https://Mises.org/HAP407b 'Bernanke Was Wrong' Compilation: https://Mises.org/HAP407c 'Peter Schiff Was Right' Compilation: https://Mises.org/HAP407d
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the latest indictment of Donald Trump. While many are exhausted with the theater of modern politics, the DC's escalating attacks reveal the state's true anatomy. Any challenge to the state's legitimacy - like questioning an election — must be crushed.
Recommended Reading "The United States vs. Donald J. Trump" by Tho Bishop: https://Mises.org/RR_145_A
"If Congress Were Genuinely Interested in Democracy, They Would Welcome an Election Commission" by Tho Bishop: https://Mises.org/RR_145_B
"Trump's Potential Legacy: 50 Million+ Enemies of the State" by Tho Bishop: https://Mises.org/RR_145_C
"America's Elites—Not Trump—Are Responsible for Undermining American Democracy" by Tho Bishop: https://Mises.org/RR_145_D
Download Anatomy of the State for free at https://Mises.org/Anatomy
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.
Narrated by Millian Quinteros.
On this episode of Good Money, Tho is joined by Tate Fegley of Montreat College. Dr. Fegley talks about his lectures from Mises University on policing, AI, and the deep state, and the important topic of economic calculation that connects the three. In the final segment, Tho looks at the economics of college football in the aftermath of FSU's threat of secession from their conference.
On this episode of Good Money, recorded on July 20th, Tho is joined by Chris Calton of the Independent Institute. Dr. Calton discusses his work on the Mises Wire about higher education, the government capture of student loans, and what can be done to salvage higher education in America.
Tho discusses the importance of the work of Mises University, some highlights of the week, and ends with a look at Ryan McMaken's article on the Hollywood strikes.
Michael and guest co-host Ben Ahdoot talk with Ron Unz about RFK, Jr., Ron's American Prava series, the Unz Review, the Great Reset, censorship, the origins of SARS-CoV-2, and more.
Like many colonial ventures, Belgium's involvement in the Congo had some successes—and many failures.
Narrated by Millian Quinteros.
Although they professed to support "states' rights," many proslavery activists wanted a stronger federal government that could force slavery on the western territories and deny local sovereignty to territorial residents.
Narrated by Millian Quinteros.
Tho Bishop and Joe Salerno wrap up the best week of the year. Recorded at the Mises Institute in Auburn, Alabama, on July 29, 2023.
A debate between Mises Institute Summer Fellows Anthony Cesario and Connor Mortell, with Dr. Jonathan Newman as moderator.
Recorded at the Mises Institute in Auburn, Alabama, on July 29, 2023.
Ryan and Tho take a closer look at Rothbard's timeless takedown of state violence, Anatomy of the State, in this special live edition of Radio Rothbard, recorded at Mises University 2023.
Download Anatomy of the State for free at https://Mises.org/Anatomy
A panel featuring members of the Mises Institute editorial staff.
Recorded at the Mises Institute in Auburn, Alabama, on July 29, 2023.
A Mises Institute staff panel featuring Tho Bishop, Felicia Jones, and Jonathan Newman.
Recorded at the Mises Institute in Auburn, Alabama, on July 29, 2023.
In this week's episode, Mark discusses the record levels of credit card debt and how it is a major contributing factor to economic pain from the Fed's impact of causing higher prices for consumer goods. This is expected to intensify when the recession officially hits.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Featuring Per Bylund, Lucas Engelhardt, Karl-Friedrich Israel, Tate Fegley, Shawn Ritenour, and Timothy Terrell.
Recorded at the Mises Institute in Auburn, Alabama, on July 28, 2023.
Featuring Mark Thornton, David Gordon, Jeffrey Herbener, Peter Klein, Sandy Klein, Jonathan Newman, and Joseph Salerno.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023.
“A theory of the trade cycle, if it is not to be mere botching, can only be written as the last chapter or the last chapter but one of a treatise dealing with all economic problems.” —Eugen von Böhm-Bawerk
Download the slides from this lecture at https://Mises.org/MU23_PPT_38.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023.
Some principles for understanding environmental issues. Can government steer energy use decisions to improve outcomes?
Download the slides from this lecture at https://Mises.org/MU23_PPT_37.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023.
David Brady Jr. discusses his recent article at Mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC. Even so, there are dangers from FedNOW, such as exacerbating bank runs. David also explains the new Mises Apprenticeship program, of which he is a member.
David's Article on Mises.org: https://Mises.org/HAP406a George Selgin Cato Article on FedNow: https://Mises.org/HAP406b
Inequality is a good thing in the free market. Economic equality is a disastrous government policy that leads to economic ruin for all—including the poor and workers.
Download lecture slides at https://Mises.org/MU23_PPT_36.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023.
Ineffective teaching, the enrollment cliff, stifled academic discourse, and government driving up tuition.
Download the slides from this lecture at https://Mises.org/MU23_PPT_34.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023.
Experienced entrepreneurs are Austrians.
Download lecture slides at Mises.org/MU23_PPT_35.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023.
Modern socialism is based upon state interference in normal human relationships, economic and otherwise. It is as disastrous as the older state-planning model.
Narrated by Millian Quinteros.
Dr. Terrell discusses impacts of price controls, occupational licensure, the FDA, and more.
Download lecture slides at https://Mises.org/MU23_PPT_32.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.
Bureaucrats operate with de facto electoral unaccountability.
Download lecture slides at https://Mises.org/MU23_PPT_31.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.
Game theory done the wrong way eliminates individual choice.
Download lecture slides at https://Mises.org/MU23_PPT_30.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023
Featuring Lew Rockwell, Joe Salerno, David Gordon, Pat Barnett, and Peter Klein. Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.
“Our civilization is inseparably linked with our methods of economic calculation. It would perish if we were to abandon this most precious intellectual tool of acting.”
Download lecture slides at https://Mises.org/MU23_PPT_28.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.
Some problems with inflation measures, inequality and social mobility, and further implications.
Download lecture slides at Mises.org/MU23_PPT_27.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.
Public health during the pandemic was anti-science and anti-health. Includes an introduction by Joespeh Salerno.
Download lecture slides at Mises.org/MU23_PPT_26.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023
More than two thousand years ago, the ancient Chinese Tao presented ideas that are reflected in F.A. Hayek's concept of spontaneous order.
Narrated by Millian Quinteros.
Download lecture slides at https://Mises.org/MU23_PPT_24.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
Few people understand how destructive regulations are.
Download lecture slides at Mises.org/MU23_PPT_23.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
Free trade allows for maximizing the total number of mutually beneficial exchangers and promotes economic progress.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
Moving policing outside of the realm of economic calculation contributes to many of the problems we see.
Download lecture slides at Mises.org/MU23_PPT_22.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
Do woke tech firms have monopoly power?
Download lecture slides at https://Mises.org/MU23_PPT_20
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
The differences between the Austrian school and the mainstream begin at the most fundamental level: method (logic vs. empiricism) and the goal of economic science (understanding vs. prediction).
Download lecture slides at https://Mises.org/MU23_PPT_19.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
Michael talks with Gad Saad about evolutionary psychology and the market, the mind parasites, and his new book.
In the Progressive Era (1897 to 1929) the American Medical Association made an effort to restrict the supply of doctors.
Download lecture slides at https://Mises.org/MU23_PPT_18.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
Karl-Friedrich Israel discusses modern econometrics, utility and welfare economics, and econometrics as a set of descriptive tools.
Download lecture slides at https://Mises.org/MU23_PPT_17.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws. The minimum wage works the way it was intended one hundred years ago.
Download lecture slides at https://Mises.org/MU23_PPT_16.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Government attempts to limit “monopoly power” cannot improve well-being.
Download lecture slides at https://Mises.org/MU23_PPT_15.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
What is a business cycle?
Download lectures slides at https://Mises.org/MU23_PPT_14.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Capital is the starting point of economic calculation.
Download lecture slides at https://Mises.org/MU23_PPT_13
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.
Download lecture slides at https://Mises.org/MU23_PPT_11
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.
Download lecture slides at https://Mises.org/MU23_PPT_12
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
Narrated by Millian Quinteros.
We are built for peace.
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Entrepreneurship is a general feature of the market economy.
Download the slides from this lecture at Mises.org/MU22_PPT_09
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more.
Download the slides from this lecture at Mises.org/MU23_PPT_08
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
"We would not expect money to be paper, national, or under the control of any entity."
Download the slides from this lecture at Mises.org/MU22_PPT_07.
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Download the slides from this lecture at Mises.org/MU23_PPT_06
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Praxeology is the method of economics.
Download the slides from this lecture at https://Mises.org/MU23_PPT_05
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation.
Download lectures slides at https://Mises.org/MU23_PPT_04
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.
Download lecture slides at https://Mises.org/MU23_PPT_03
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.
Includes an introduction by Joseph T. Salerno. Recorded on July 23, 2023, at the Mises Institute in Auburn, Alabama.
This week Mark invites you to explore the Minor Issues archives (https://Mises.org/MinorIssues). We have produced about a half a year's worth of short audio commentaries about the economy, and we are grateful to our listeners for their feedback. Topics range from the price of toilet paper to macro-business cycle topics, but our specialty is highlighting issues that the mainstream media ignores or misrepresents as insignificant. Thank you for listening.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon.
The Rebel Capitalist show: https://Mises.org/HAP405a
Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: https://Mises.org/Nashville23
Ryan McMaken and Zachary Yost look at the many factors behind Ukraine's failure to defeat Russia or move closer to NATO membership. Ukraine is sadly caught between a cynical NATO and a Russia that is in it for the long haul.
Be sure to follow War, Economy, and State at https://Mises.org/WES
Mark Thornton joins Ryan and Tho at Radio Rothbard to take a closer look at the state of the US dollar and how price inflation and economic crises are likely to play out in the months and years ahead.
New Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug
PROMO CODE: RothPod for 20% off
Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others.
Narrated by Millian Quinteros.
Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy.
Narrated by Millian Quinteros.
Michael talks with Tom Woods about RFK, Jr., whether the elites are evil or just incompetent, and the secret of Tom's success.
The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices.
Narrated by Millian Quinteros.
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
The public memory is short. We forget that, from the beginning of the Industrial Revolution in the mid-18th century until the beginning of World War II, prices generally went down, year after year. That's because continually increasing productivity and output of goods generated by free markets caused prices to fall. There was no depression, however, because costs fell along with selling prices. Usually, wage rates remained constant while the cost of living fell, so that "real" wages, or everyone's standard of living, rose steadily.
Virtually the only time when prices rose over those two centuries were periods of war (War of 1812, Civil War, World War I), when the warring governments inflated the money supply so heavily to pay for the war as to more than offset continuing gains in productivity.
We can see how free market capitalism, unburdened by governmental or central bank inflation, works if we look at what has happened in the last few years to the prices of computers. A computer used to have to be enormous, costing millions of dollars. Now, in a remarkable surge of productivity brought about by the microchip revolution, computers are falling in price even as I write. Computer firms are successful despite the falling prices because their costs have been falling, and productivity rising. In fact, these falling costs and prices have enabled them to tap a mass market characteristic of the dynamic growth of free market capitalism. "Deflation" has brought no disaster to this industry.
The same is true of other high-growth industries, such as electronic calculators, plastics, TV sets, and VCRs. Deflation, far from bringing catastrophe, is the hallmark of sound and dynamic economic growth.
For more episodes, visit https://Mises.org/MisesReport
The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.
Narrated by Millian Quinteros.
In this episode, Mark looks at the "minor issue" of the value of the dollar. While everything in the economy seems great—including stock markets, price inflation, unemployment, and consumer confidence—the value of the dollar index has fallen 12% during the rebound in stocks since last October.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Robbie "The Fire" Bernstein is a co-host with Dave Smith of the popular podcast Part of the Problem, as well as his own podcast Run Your Mouth. He joins Bob to walk through the shocking and hilarious moves by Biden officials to downplay recent allegations of corruption.
Find More from Robbie Including His Tour Dates: https://Mises.org/HAP404a $5.1M Payment to Biden Businesses: https://Mises.org/HAP404b Biden Attorneys on The Hunter WhatAspp Message: https://Mises.org/HAP404c
Do we have a right to sunlight? How do we assert those rights? Murray Rothbard provides some answers.
Narrated by Millian Quinteros.
On this episode of Good Money with Tho Bishop, Dr. Jonathan Newman joins to look at recent headlines on inflation. Tho and Jonathan discuss the larger costs of Fed policy on the real economy and how official government measures can be gamed with techniques such as "shrinkflation."
On this episode of Radio Rothbard, Tho Bishop is joined by Mises Research Fellow Connor Mortell (https://Mises.org/Mortell) to talk about Connor's research project on energy policy. Tho and Connor push back against common narratives—even some promoted by libertarians—of fossil fuels and green energy and the necessity of keeping a human focus on energy policy.
The Radio Rothbard mug is available in the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE RothPod for 20% off
Recommended Resources
"How Should We Regulate the Sun (Since Our Government Regulates Nearly Everything Else)?" by Connor Mortell: https://Mises.org/RR_142_A
"Fossil Fuels Enable Us to Better Fight Fires and Other Environmental Disasters" by Connor Mortell: https://Mises.org/RR_142_B
"Fossil Future with Alex Epstein" (Human Action Podcast): https://Mises.org/RR_142_C
Fueling a Freer Future (Mises Institute Primer Series): https://Mises.org/RR_142_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
Michael and Walter Block discuss the Ukrainian conflict, reparations, immigration, and the Israel-Palestine conflict.
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.
Narrated by Millian Quinteros.
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.
Narrated by Millian Quinteros.
Patrick Deneen writes that the nonaggression principle promotes a liberalism that is harmful to society, as evidenced by John Stuart Mill's idea of the tyranny of public opinion.
Original article: https://mises.org/wire/misreading-mill
Narrated by Millian Quinteros.
It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.
Original article: https://mises.org/wire/g7-hiroshima-latest-attempt-impose-unipolar-world
Narrated by Millian Quinteros.
Argentina is one of the world's poster children for hyperinflation. Unfortunately, monetary reforms aren't working because the authorities are not serious about having a sound currency.
Original article: https://mises.org/wire/argentinian-zombie-currency
Narrated by Millian Quinteros.
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
Every time someone calls for the government to abandon its inflationary policies, Establishment economists and politicians warn that the result can only be severe unemployment. We are trapped, therefore, into playing off inflation against high unemployment, and become persuaded that we must therefore accept some of both.
This doctrine is the fallback position for Keynesians. Originally, the Keynesians promised us that by manipulating and fine-tuning deficits and government spending, they could and would bring us permanent prosperity and full employment without inflation. Then, when inflation became chronic and ever-greater, they changed their tune to warn of the alleged tradeoff, so as to weaken any possible pressure upon the government to stop its inflationary creation of new money.
The tradeoff doctrine is based on the alleged "Phillips curve," a curve invented many years ago by the British economist A. W. Phillips. Phillips correlated wage rate increases with unemployment, and claimed that the two move inversely: the higher the increases in wage rates, the lower the unemployment. On its face, this is a peculiar doctrine, since it flies in the face of logical, commonsense theory. Theory tells us that the higher the wage rates, the greater the unemployment, and vice versa. If everyone went to their employer tomorrow and insisted on double or triple the wage rate, many of us would be promptly out of a job. Yet this bizarre finding was accepted as gospel by the Keynesian economic establishment.
By now, it should be clear that this statistical finding violates the facts as well as logical theory. For during the 1950s, inflation was only about one to two percent per year, and unemployment hovered around three or four percent, whereas nowadays unemployment ranges between eight and 11 percent, and inflation between five and 13 percent. In the last two or three decades, in short, both inflation and unemployment have increased sharply and severely. If anything, we have had a reverse Phillips curve. There has been anything but an inflation-unemployment tradeoff.
But ideologues seldom give way to the facts, even as they continually claim to "test" their theories by facts. To save the concept, they have simply concluded that the Phillips curve still remains as an inflation-unemployment tradeoff, except that the curve has unaccountably "shifted" to a new set of alleged tradeoffs. On this sort of mind-set, of course, no one could ever refute any theory.
In fact, inflation now, even if it reduces unemployment in the short-run by inducing prices to spurt ahead of wage rates (thereby reducing real wage rates), will only create more unemployment in the long run. Eventually, wage rates catch up with inflation, and inflation brings recession and unemployment inevitably in its wake. After more than two decades of inflation, we are all now living in that "long run."
For more episodes, visit https://Mises.org/MisesReport
The problem here is not that the central bank is "setting" the "wrong" interest rate. The problem is the Fed has long been relentlessly forcing down interest rates to satisfy various politically determined "needs."
Original article: https://mises.org/wire/wall-street-fed-inflation-over-give-us-more-easy-money
Narrated by Millian Quinteros.
On this week's episode, Mark summarizes the many problems with EVs, and focuses on two consequences funded by taxpayer subsidy. Large, overpriced, long range vehicles have been subsidized at the expense of more efficient technological applications. These EVs are significantly heavier compared to their fossil fuel counterparts (which have engines and gas tanks). These heavier vehicles create greater crash risks for passengers and pedestrians. Failure to disclose such issues reveals some uncomfortable truths about the political elites who drive this agenda onto the American people.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Rent control is all the rage with progressives, with several states and localities trying to impose it. However, when people have their property effectively—and legally—stolen, there are long-term consequences.
Original article: https://mises.org/wire/call-rent-control-what-it-really-theft
Narrated by Millian Quinteros.
After 1820, growing numbers of propertyless squatters were voters, and this was an opportunity for politicians to offer cheap land in exchange for loyalty to the Democratic Party.
Original article: https://mises.org/wire/how-squatter-democracy-created-americas-first-welfare-program
Narrated by Millian Quinteros.
Bob walks through a recent interview of MMT champion Warren Mosler, in which he claims that Fed rate hikes lead to larger government interest expenses and hence support economic growth and inflation. Bob presents both theoretical and empirical evidence against Mosler's claims.
Bob's Debate with Warren Mosler: https://Mises.org/HAP403a Bob's Review of Stephanie Kelton: https://Mises.org/HAP403b Bob's EconLib Article on Austerity: https://Mises.org/HAP403c Technical Article on Why the Treasury Can't Overdraft: https://Mises.org/HAP403d
The European Union’s General Data Protection Regulation supposedly protects people from government data abuse. In reality, it empowers governments.
Original Article: https://mises.org/wire/gdpr-paradox-empowering-government-name-data-protection
Narrated by Millian Quinteros.
Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.
Narrated by Millian Quinteros.
On this episode of Good Money with Tho Bishop, Ryan McMaken joins the show to talk about America's debt crisis. Tho and Ryan discuss both the damage done to the economy by runaway government spending, as well as how Federal Reserve policy has incentivized consumption and punished savings, which has resulted in record-high credit card debt.
South Africa is suffering from rolling blackouts and other power outages. These could be avoided if the government would permit competition in electricity markets.
Narrated by Millian Quinteros.
Ryan, Tho, and Kerry Baldwin take a look at why some politicians say they're "nationalists." Is nationalism a good thing or is it just another way to justify more government meddling in our lives?
New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.
Narrated by Millian Quinteros.
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that.
Narrated by Millian Quinteros.
While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.
Narrated by Millian Quinteros.
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
The problem of forecasting interest rates illustrates the pitfalls of forecasting in general. People are contrary cusses whose behavior, thank goodness, cannot be forecast precisely in advance. Their values, ideas, expectations, and knowledge change all the time, and change in an unpredictable manner. What economist, for example, could have forecast (or did forecast) the Cabbage Patch Kid craze of the Christmas season of 1983? Every economic quantity, every price, purchase, or income figure is the embodiment of thousands, even millions, of unpredictable choices by individuals.
Many studies, formal and informal, have been made of the record of forecasting by economists, and it has been consistently abysmal. Forecasters often complain that they can do well enough as long as current trends continue; what they have difficulty in doing is catching changes in trend. But of course there is no trick in extrapolating current trends into the near future. You don't need sophisticated computer models for that; you can do it better and far more cheaply by using a ruler. The real trick is precisely to forecast when and how trends will change, and forecasters have been notoriously bad at that. No economist forecast the depth of the 1981–82 depression, and none predicted the strength of the 1983 boom.
The next time you are swayed by the jargon or seeming expertise of the economic forecaster, ask yourself this question: If he can really predict the future so well, why is he wasting his time putting out newsletters or doing consulting when he himself could be making trillions of dollars in the stock and commodity markets?
For more episodes, visit https://Mises.org/MisesReport
President Biden recently claimed that "trickle-down economics" doesn't work but transferring wealth from taxpayers to politically connected people is the real trickle-down economics.
Narrated by Millian Quinteros.
The latest round of wildfires in Canada has brought out the usual statist demands that we ban fossil fuels, but in the real world fossil fuels protect people from climate-related disasters.
Narrated by Millian Quinteros.
In this week's episode, Mark looks back at the history of the Inverted Yield Curve. While many observers have now dismissed the significance of the yield curve inversion in 2022 and no recession yet, Mark shows that the history of the IYC can have a completely opposite interpretation.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The Mises Institute's Executive Editor Ryan McMaken joins Bob to discuss his latest article, in which Ryan spells out the state of the M2 money supply and possible implications for consumer prices and an impending recession.
Ryan's Mises.org article on M2: https://Mises.org/HAP402a Ryan's QJAE article on the inverted yield curve: https://Mises.org/HAP402b
The State of California, unable to unionize fast food workers, now is trying to create workers councils that will set labor policies for fast food restaurants. This will not end well.
Narrated by Millian Quinteros.
There are now more armed civilian federal agents than there are US Marines. These well-funded armies of federal enforcers from the alphabet agencies are there to be used against US citizens at the whims of federal policymakers. Every last one of them should be disarmed.
New Radio Rothbard mugs are now available at the https://Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
On this episode of Good Money, Tho Bishop is joined by Wesley Schlemmer, president and co-founder of Bitcoin Bay. Wesley discusses the benefits of creating local professional networks around common values and how Bitcoin Bay is helping Tampa residents convert Bitcoin into real goods and services, including locally raised beef.
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.
Narrated by Millian Quinteros.
New York Times columnist David French likes to think of himself as an honest broker. In reality, his "Never Trump" mentality leads him to overlook government lawbreaking.
Narrated by Millian Quinteros.
As we enter the dog days of summer, I have heard several media conversations and a few private ones that express exasperation over languishing capital markets. Why do things take so long to unravel? What will happen next? When will X, Y, or Z happen? Why are tech stocks so bullish now? The market takes time to process the information that it already has — or is in "process" — and everyday brings new data.
The Austrian perspective highlights the role of reality in the market process. This is especially important in this period of unprecedented government intervention and the chaos it has generated in markets.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Crime is increasing in American cities, but don't count on police to protect you. The Defund the Police movement has less to do with that than most people think.
Narrated by Millian Quinteros.
Einstein might have been one of history's most brilliant men, but even his great mind could not have made socialism work. Unfortunately, he wasn't smart enough to see that.
Narrated by Millian Quinteros.
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
The financial press now knows enough economics to watch weekly money supply figures like hawks; but they inevitably interpret these figures in a chaotic fashion. If the money supply rises, this is interpreted as lowering interest rates and inflationary; it is also interpreted, often in the very same article, as raising interest rates. And vice versa. If the Fed tightens the growth of money, it is interpreted as both raising interest rates and lowering them. Sometimes it seems that all Fed actions, no matter how contradictory, must result in raising interest rates. Clearly something is very wrong here.
The problem here is that, as in the case of price levels, there are several causal factors operating on interest rates and in different directions. If the Fed expands the money supply, it does so by generating more bank reserves and thereby expanding the supply of bank credit and bank deposits. The expansion of credit necessarily means an increased supply in the credit market and hence a lowering of the price of credit, or the rate of interest. On the other hand, if the Fed restricts the supply of credit and the growth of the money supply, this means that the supply in the credit market declines, and this should mean a rise in interest rates.
And this is precisely what happens in the first decade or two of chronic inflation. Fed expansion lowers interest rates; Fed tightening raises them. But after this period, the public and the market begin to catch on to what is happening. They begin to realize that inflation is chronic because of the systemic expansion of the money supply. When they realize this fact of life, they will also realize that inflation wipes out the creditor for the benefit of the debtor. Thus, if someone grants a loan at 5% for one year, and there is 7% inflation for that year, the creditor loses, not gains. He loses 2%, since he gets paid back in dollars that are now worth 7% less in purchasing power. Correspondingly, the debtor gains by inflation. As creditors begin to catch on, they place an inflation premium on the interest rate, and debtors will be willing to pay. Hence, in the long-run anything which fuels the expectations of inflation will raise inflation premiums on interest rates; and anything which dampens those expectations will lower those premiums. Therefore, a Fed tightening will now tend to dampen inflationary expectations and lower interest rates; a Fed expansion will whip up those expectations again and raise them. There are two, opposite causal chains at work. And so Fed expansion or contraction can either raise or lower interest rates, depending on which causal chain is stronger.
Which will be stronger? There is no way to know for sure. In the early decades of inflation, there is no inflation premium; in the later decades, such as we are now in, there is. The relative strength and reaction times depend on the subjective expectations of the public, and these cannot be forecast with certainty. And this is one reason why economic forecasts can never be made with certainty.
For more episodes, visit https://Mises.org/MisesReport
In 2023, self-employment has collapsed again with year-over-year self-employment growth dropping by 6.5 percent. That's the largest drop since December 2007, when the Great Recession officially began.
Narrated by Millian Quinteros.
Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards.
Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly.
Narrated by Millian Quinteros.
Ryan and Tho take a look at the legacy of Daniel Ellsberg's heroic leak of the Pentagon Papers and the evils of government secrecy. Modern leakers like Snowden, Manning, and Assange do important work educating voters and making the state more accountable.
New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
On this episode of Good Money with Tho Bishop, David Gornoski of A Neighbor's Choice joins to discuss how government policies have impacted American diets. From the subsidization of certain crops to anti-science propaganda campaigns about diet, to the consolidation of the agricultural industry, the politicization of the economy still shapes not only their wallet but their plates.
What many people call "government generosity," Leonard Read called "avarice".
Narrated by Millian Quinteros.
Ryan and Robert Aro take a look at the Fed's unconvincing explanation of why it has chickened out on interest rate hikes. This only makes sense if the economy is much weaker than the Fed claims.
As geopolitical tensions rise, the Chinese political leadership tells the US government to desist pushing its "color revolutions."
Narrated by Millian Quinteros.
John Klyczek joins Michael on the inaugural episode of REKT. John (jakE) is the author of School World Order: The Technocratic Globalization of Corporatized Education. Topics include the behaviorist, collectivist, and eugenicist roots of public (and state-sanctioned private) education, the globalist organizations behind the stakeholder capitalism regime, and the making of "global citizens" through indoctrination and technocratic surveillance and control systems.
Get School World Order: https://Mises.org/Rekt1a Find more work from John: https://Mises.org/Rekt1b
The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal. Without sound money, however, the borrowing and spending regime will collapse sooner or later.
Narrated by Millian Quinteros.
In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that.
Narrated by Millian Quinteros.
While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology.
Narrated by Millian Quinteros.
US trade deficits seem to be expanding, placing pressure on the dollar. However, central banks around the world are just as irresponsible as the Fed, masking the relative devaluation of US money.
Narrated by Millian Quinteros.
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
Those people who are properly worried about the deficit unfortunately offer an unacceptable solution: increasing taxes. Curing deficits by raising taxes is equivalent to curing someone's bronchitis by shooting him. The "cure" is far worse than the disease.
For one reason, as many critics have pointed out, raising taxes simply gives the government more money, and so the politicians and bureaucrats are likely to react by raising expenditures still further. Parkinson said it all in his famous "Law": "Expenditures rise to meet income." If the government is willing to have, say, a 20 percent deficit, it will handle high revenues by raising spending still more to maintain the same proportion of deficit.
But even apart from this shrewd judgment in political psychology, why should anyone believe that a tax is better than a higher price? It is true that inflation is a form of taxation, in which the government and other early receivers of new money are able to expropriate the members of the public whose income rises later in the process of inflation. But, at least' with inflation, people are still reaping some of the benefits of exchange. If bread rises to $10 a loaf, this is unfortunate, but at least you can still eat the bread. But if taxes go up, your money is expropriated for the benefit of politicians and bureaucrats, and you are left with no service or benefit. The only result is that the producers' money is confiscated for the benefit of a bureaucracy that adds insult to injury by using part of that confiscated money to push the public around.
No, the only sound cure for deficits is a simple but virtually unmentioned one: cut the federal budget. How and where? Anywhere and everywhere.
For more episodes, visit https://Mises.org/MisesReport
While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.
Original article: https://mises.org/wire/market-process-not-knowledge-problem
Narrated by Millian Quinteros.
Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass.
Original article: https://mises.org/wire/rise-effete-authoritarians
Narrated by Millian Quinteros.
Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws.
Original article: https://mises.org/wire/biden-wants-sanctions-uganda-because-its-government-passed-anti-lgbt-laws
Narrated by Millian Quinteros.
Much of critical race theory and “antiracism” is aimed at pulling people apart, not bringing them together. To oppose such theories and practices is not racist in itself.
Original article: https://mises.org/wire/opposing-critical-race-theory-doesnt-make-you-white-supremacist
Narrated by Millian Quinteros.
People commonly believe that a society without central political authority will dissolve into chaos. But a small kingdom within Spain existed peacefully for seven hundred years under what we would call anarchy.
Original article: https://mises.org/wire/coto-mixto-anarchy-galicia
Narrated by Millian Quinteros.
Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself.
Original article: https://mises.org/wire/smarter-talk-smarter-action
Narrated by Millian Quinteros.
All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception.
Original article: https://mises.org/wire/can-we-understand-ai-response-jordan-petersons-podcast
Narrated by Millian Quinteros.
University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies.
Bob's article "Superman Needs an Agent:" https://Mises.org/HAP400a Steven's Book The Armchair Economist: https://Mises.org/HAP400b More Economic brainteasers: https://Mises.org/HAP400c
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Senior Editor Bill Anderson to discuss his recent article, "David French Gets to Sit with the Cool Kids at the NYT Lunch Table." Bill explains the transformation of French from a "cultural conservative" commentator to the preferred "classical liberal" of the elite.
New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
Recommended Reading "David French Gets to Sit with the Cool Kids at the NYT Lunch Table" by William L. Anderson: https://Mises.org/RR_138_A
"Review: Sohrab Ahmari's New Attack on Laissez-Faire Liberalism" by Zachary Yost: https://Mises.org/RR_138_B
""Libertarian" Is Just Another Word for (Classical) Liberal" by Ryan McMaken: https://Mises.org/RR_138_C
"To Stop the Left, America Needs a Rothbardian Right" by Tho Bishop: https://Mises.org/RR_138_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
On this episode of Good Money with Tho Bishop, Peter St Onge joins the show to discuss this week's Fed announcement and what it means to normal Americans. Tho and Peter also discuss the political battles in DC over the future of CBDCs and the dangerous trojan horse some Republicans may be creating on the issue.
Find more from Peter St Onge on Substack at https://StOnge.Substack.com. You can also find him on Twitter @ProfStOnge.
During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics.
Narrated by Millian Quinteros.
Original article: https://mises.org/wire/economic-nationalists-are-wrong-free-trade-means-freedom-and-prosperity
Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.
Narrated by Millian Quinteros.
Original article: https://mises.org/wire/republicans-fail-debt-ceiling-2023
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
In recent years there has been an understandable worry over the low rate of saving and investment in the United States. One worry is that the enormous federal deficits will divert savings to unproductive government spending and thereby crowd out productive investment, generating ever, greater long-run problems in advancing or even maintaining the living standards of the public.
Some policymakers have once again attempted to rebut this charge by statistics. In 1982–83, they declare, deficits were high and increasing, while interest rates fell, thereby indicating that deficits have no crowding-out effect.
This argument once again shows the fallacy of trying to refute logic with statistics. Interest rates fell because of the drop of business borrowing in a recession. "Real" interest rates (interest rates minus the inflation rate) stayed unprecedentedly high, however — partly because most of us expect renewed heavy inflation, partly because of the crowding-out effect. In any case, statistics cannot refute logic; and logic tells us that if savings go into government bonds, there will necessarily be less savings available for productive investment than there would have been, and interest rates will be higher than they would have been without the deficits. If deficits are financed by the public, then this diversion of savings into government projects is direct and palpable. If the deficits are financed by bank inflation, then the diversion is indirect, the crowding-out now taking place by the new money "printed" by the government competing for resources with old money saved by the public.
Milton Friedman tries to rebut the crowding-out effect of deficits by claiming that all government spending, not just deficits, equally crowds out private savings and investment. It is true that money siphoned off by taxes could also have gone into private savings and investment. But deficits have a far greater crowding-out effect than overall spending, since deficits financed by the public obviously tap savings and savings alone, whereas taxes reduce the public's consumption as well as savings.
Thus, deficits, whichever way you look at them, cause grave economic problems. If they are financed by the banking system, they are inflationary. But even if they are financed by the public, they will still cause severe crowding-out effects, diverting much-needed savings from productive private investment to wasteful government projects. And, furthermore, the greater the deficits the greater the permanent income tax burden on the American people to pay for the mounting interest payments, a problem aggravated by the high interest rates brought about by inflationary deficits.
For more episodes, visit https://Mises.org/MisesReport
Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success?
Narrated by Millian Quinteros.
The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.
Narrated by Millian Quinteros.
The trans rights movement has quickly moved into government coercion and outright violence. There is nothing libertarian about what is happening in this movement today.
Narrated by Millian Quinteros.
Jonathan Newman joins The Human Action Podcast to discuss his recent Twitter controversy over the claim that market prices can be "wrong" (i.e. in disequilibrium) if they are "sticky."
Jonathan Newman's Twitter controversy on sticky prices: https://Mises.org/HAP399a Joe Salerno on Mises's Monetary Theory: https://Mises.org/HAP399b Bagus and Howden on market disequilibrium and sticky prices: https://Mises.org/HAP399c
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
In recent decades we always have had federal deficits. The invariable response of the party out of power, whichever it may be, is to denounce those deficits as being the cause of our chronic inflation. And the invariable response of whatever party is in power has been to claim that deficits have nothing to do with inflation. Both opposing statements are myths.
Deficits mean that the federal government is spending more than it is taking in in taxes. Those deficits can be financed in two ways. If they are financed by selling Treasury bonds to the public, then the deficits are not inflationary. No new money is created; people and institutions simply draw down their bank deposits to pay for the bonds, and the Treasury spends that money. Money has simply been transferred from the public to the Treasury, and then the money is spent on other members of the public.
On the other hand, the deficit may be financed by selling bonds to the banking system. If that occurs, the banks create new money by creating new bank deposits and using them to buy the bonds. The new money, in the form of bank deposits, is then spent by the Treasury, and thereby enters permanently into the spending stream of the economy, raising prices and causing inflation. By a complex process, the Federal Reserve enables the banks to create the new money by generating bank reserves of one-tenth that amount. Thus, if banks are to buy $100 billion of new bonds to finance the deficit, the Fed buys approximately $10 billion of old treasury bonds. This purchase increases bank reserves by $10 billion, allowing the banks to pyramid the creation of new bank deposits or money by ten times that amount. In short, the government and the banking system it controls in effect "print" new money to pay for the federal deficit.
Thus, deficits are inflationary to the extent that they are financed by the banking system; they are not inflationary to the extent they are underwritten by the public.
Some policymakers point to the 1982–83 period, when deficits were accelerating and inflation was abating, as a statistical "proof" that deficits and inflation have no relation to each other. This is no proof at all. General price changes are determined by two factors: the supply of, and the demand for, money. During 1982–83 the Fed created new money at a very high rate, approximately at 15 percent per annum. Much of this went to finance the expanding deficit. But on the other hand, the severe depression of those two years increased the demand for money (i.e., lowered the desire to spend money on goods), in response to the severe business losses. This temporarily compensating increase in the demand for money does not make deficits any the less inflationary. In fact, as recovery proceeds, spending will pick up and the demand for money will fall, and the spending of the new money will accelerate inflation.
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists.
Modern progressives don't like to refer to their long-held support of eugenics. In fact, American progressives influenced the Nazis, who launched their own murderous eugenics schemes.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the role statistics play in promoting the regime. Topics include some interesting differences in recently reported unemployment data, changes to inflation reporting over time, government withholding of various reports — including crime and money supply measures — as well as alternative measures Austrians use to better cut through state propaganda.
New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
Recommended Reading
"Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs" by Ryan McMaken: https://Mises.org/RR_137_A
"The "True" Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy" by Joseph Salerno: https://Mises.org/RR_137_B
"Does GDP Present an Accurate Picture of the Economy? Not Likely" by Frank Shostak: https://Mises.org/RR_137_C
"World War I as Fulfillment: Power and the Intellectuals" by Murray Rothbard: https://Mises.org/RR_137_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
On this episode of Good Money with Tho Bishop, Jeffrey Kauffman joins the show to discuss recent attacks from the SEC on major crypto exchanges. Kauffman, CEO of LBRY and content platform Odysee, shares his own company's battle with the SEC, the impossible burdens regulators have placed on legal compliance, and why DC's Operation Chokepoint 2.0 could be a positive for the industry in the long run.
With the appointment of Linda Yaccarino as Twitter's new CEO, Elon Musk is trying to appease woke advertisers to bring up his company's revenues. This will not end well.
Narrated by Millian Quinteros.
Ryan and Zack look at how China, Iran, and Saudi Arabia are reshaping the Middle East into a region where the United States no longer dominates. This is a good thing for ordinary Americans.
Additional Resources
"Thanks to Sanctions, the US Is Losing Its Grip on the Middle East" by Ryan McMaken: https://Mises.org/WES_11_A
"The Petrodollar-Saudi Axis Is Why Washington Hates Iran" by Gary Richied: https://Mises.org/WES_11_B
"Peace is Breaking Out in the Middle East… and Washington is Not Happy!" by Ron Paul: https://Mises.org/WES_11_C
"Why the End of the Petrodollar Spells Trouble for the US Regime" by Ryan McMaken: https://Mises.org/WES_11_D
"Washington Miffed as China Makes Peace" by Joseph Solis-Mullen: https://Mises.org/WES_11_E
Be sure to follow War, Economy, and State at https://Mises.org/WES
Domestic violence is a stain on society, but it is worse if we only care about violence committed against people of one sex.
Narrated by Millian Quinteros.
More than forty years ago, Leonard Read urged graduates of Hillsdale College to find a premise, a belief in a universal idea of liberty.Narrated by Millian Quinteros.
The Durham report reminds us it is well past time for a more realistic assessment of the FBI for what it is: a costly, unnecessary, unconstitutional, and incompetent agency.
Narrated by Millian Quinteros.
We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we are in the second stage: anger.Narrated by Millian Quinteros.
While talk of high gas prices is no longer a headline issue, energy economics is still a vitally important aspect of understanding the economy, including the business cycle. Mark explains the basics, tells us where we now stand, and what the major implications are for the near future."Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma" graph available at https://Mises.org/MI_23_GraphBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
In this episode of Good Money, Tho Bishop is joined by Dr. Jonathan Newman to discuss the real costs of government spending. The end of the debt ceiling battle has resulted in the predictable outcome of normalizing the fiscal insanity of covid-era spending. Tho and Jonathan discuss how this was predictable to those familiar with the work of Dr. Robert Higgs, how mainstream GDP measures miss the true costs of government, and alternative approaches Austrian economists use to provide a clearer understanding of what is really going on in the economy.
Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes.Per's QJAE article: https://Mises.org/HAP398a
On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to "solve" the problem.Be sure to follow the Fed Watch Podcast at https://Mises.org/FedPod.Recommended Reading"The Fed’s Capital Goes Negative" by Alex J. Pollock: https://Mises.org/FW_01_A"Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy?" by Alex J. Pollock and Paul H. Kupiec: https://Mises.org/FW_01_B"Why the Fed Is Bankrupt and Why That Means More Inflation" by Ryan McMaken: https://Mises.org/FW_01_C
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a revisionist Rothbardian lens to American history. Was the American revolution a good thing? Was Andrew Jackson better than Thomas Jefferson? Does a historical narrative really matter? Tune in for this and more!
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier.
Narrated by Millian Quinteros.
American corporations are lavishing billions of dollars on leftist groups in the name of "equity." But many of them also are donating to even more questionable people and causes.
Narrated by Millian Quinteros.
The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished.Narrated by Millian Quinteros.
Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources.Narrated by Millian Quinteros.
Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.Narrated by Millian Quinteros.
With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression.Narrated by Millian Quinteros.
Mark takes a look at all the wrong predictions of recession in recent years, including those of Austrian School economists. While the MSM and Fed officials try to downplay the coming of a recession, many of the statistics and facts that Austrian consider important are indicating a looming recession, if not a full-blown economic crisis.Check out Anatomy of the Crash: The Financial Crisis of 2020, edited by Tho Bishop: https://Mises.org/AnatomyOfTheCrashBe sure to follow Minor Issues at https://Mises.org/MinorIssues
Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.Narrated by Millian Quinteros.
Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created.Narrated by Millian Quinteros.
This episode of Good Money with Tho Bishop features guest Ryan Griggs of Griggs Capital Strategies. During the show, Ryan discusses his work with Bob Murphy on an Austrian understanding of inverted yield curves as a signal for recessions and how it differs from the mainstream analysis. He also discusses Nelson Nash's infinite banking strategy as a means for capital accumulation, in contrast to traditional investment approaches.Ryan and Bob Murphy on the Austrian understanding of inverted yield curves: https://Mises.org/GM7aGriggs Capital Strategies: https://Mises.org/GM7b
Heritage Fellow Peter St. Onge joins Bob to set the record straight on several popular talking points about the debt ceiling.Bob on selling Gov't resources to reduce the National Debt: https://Mises.org/HAP397a
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.Narrated by Millian Quinteros.
In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment.Narrated by Millian Quinteros.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop tackle the debt ceiling debate. As negotiations continue in Washington, the corporate financial press is hard at work warning about the potential for disaster. Ryan and Tho cut through the nonsense to look at the real state of America's finances, potential ramifications in the short term, and US defaults of the past and the inevitable future.Recommended Reading"Three Lies They're Telling You about the Debt Ceiling" by Ryan McMaken: https://Mises.org/RR_135_A"Yes, the US Government Has Defaulted Before" by Ryan McMaken: https://Mises.org/RR_135_BBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Should political reform be the result of a much-discussed comprehensive plan? Or should it come about through decentralized decision-making that deals with the situations at hand?Narrated by Millian Quinteros.
People from socially and economically marginalized groups in the USA tend to support socialism. Yet socialists have a long and bloody history of suppressing these very groups.Narrated by Millian Quinteros.
Tucker Carlson has rankled the ruling elites for many years. But was his interview with Robert Kennedy Jr. a bridge too far?Narrated by Millian Quinteros.
By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning.Narrated by Millian Quinteros.
While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.Narrated by Millian Quinteros.
A century ago, Argentina was one of the world's wealthiest nations and the Argentine peso rivaled the dollar. Today, Argentina is famous for periodic hyperinflation.Narrated by Millian Quinteros.
It is the right of the consumer, not the regime, to determine what lighting sources work best for them.Narrated by Millian Quinteros.
Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example.Narrated by Millian Quinteros.
In this week's episode, Mark explains why the market for existing homes has been diverging from the market for new houses. The Fed ZIRP, QE and Covid bailouts have locked Americans into their mortgages and low payments, reducing the supply of existing homes. This keeps them off the market and home prices high in an economy that is headed for a recession or crisis. Buyers have been diverted to newly constructed homes where builders have more flexibility to sell and there are no existing homeowners locked into mortgages.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end?Narrated by Millian Quinteros.
Taxpayer-funded company Dominion is suing private parties for saying things the company doesn't like. These lawsuits illustrate how defamation laws can be used to destroy free speech.
As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.Narrated by Millian Quinteros.
Veteran investigative journalist James Bovard joins Ryan and Tho to talk about the Durham Report and what it tells us about the media and the FBI.New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% offRecommended Reading"Durham proves that Hillary and the FBI tried to rig the 2016 election" by Jim Bovard (New York Post): https://Mises.org/RR_134_A"Democrats attack FBI whistleblowers — giving cover to the agency’s abuses" by Jim Bovard (New York Post): https://Mises.org/RR_134_A2"The FBI Vetoed the 2016 Presidential Election" by Jim Bovard: https://Mises.org/RR_134_B"End the FBI" by Ryan McMaken: https://Mises.org/RR_134_C"Yes, the FBI is America’s secret police" by Jim Bovard (The Hill): https://Mises.org/RR_134_D"The FBI’s Forgotten Criminal Record" by Jim Bovard: https://Mises.org/RR_134_E"Why the Worst Get on Top" by F. A. Hayek: https://Mises.org/RR_134_FBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die.Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.Brian on Alchian's famous "Costs and Outputs" paper: https://Mises.org/HAP396a
Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force.Narrated by Millian Quinteros.
Mises had hoped that democracy would lead to free societies after World War II ended. He did not foresee the illiberal turn in the West in the last decade.Narrated by Millian Quinteros.
The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.Narrated by Millian Quinteros.
We’re supposed to go along with Green Energy schemes—as we did with masks, school lockdowns, and vaccinations to stop covid—because our government, media, and “public interest” groups insist that we “follow the science.”Narrated by Millian Quinteros.
The dollar became the dominant global currency not so much because of its own merits, but because of the self-destruction of the pound sterling caused by the British state and central bank.Narrated by Millian Quinteros.
Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.Narrated by Millian Quinteros.
While the horrors of the transatlantic slave trade have been well documented, people other than slave traders and slaveholders benefitted from it, with some surprising results.
Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe.Narrated by Millian Quinteros.
While the Fed and the Biden administration try to assure Americans that their banks are safe and secure, the numbers tell a different story.Narrated by Millian Quinteros.
President Biden's executive order to promote transgenderism on college campuses eviscerates long-held due process protections for accused students. This will not end well.Narrated by Millian Quinteros.
Like the USA, Canada has had a central bank–fueled housing boom. Like all other booms, it also has an inevitable ending.Narrated by Millian Quinteros.
After a long series of rate hikes, Fed officials and asset markets are expecting a long series of interest rate cuts. This is based on the tried and hue Phillips Curve analysis. In color theory, "hue" is the technical appearance of color that can be described mechanically as a number. Let's hope interest rate expectations are not being distorted by other factors of reality, and that current Phillips Curve model perceptions of hue are also true.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
The real issue we face is not whether we should be in the red tribe or the blue tribe, but rather what will be the constituency for freedom.Narrated by Millian Quinteros.
We hear ad nauseum from political and media elites that the war in Ukraine is about preserving "our freedoms." Murray Rothbard had something to say about this sophistry.Narrated by Millian Quinteros.
Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession.Dr. Cwik's dissertation on inverted yield curves and economic downturns: https://Mises.org/HAP395aBob on the link between inverted yield curves and recessions: https://Mises.org/HAP395bBob's Understanding Money Mechanics: https://Mises.org/Mechanics
In their attempts to remake the economy, progressive elites are pushing ESG. What they forget is that the economy runs on real things, not ideology.
While politicians, media mavens, and the academic elite spread fear about artificial intelligence, AI is helping make life better for ordinary consumers.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about recent court cases involving defamation claims, justifying skepticism of the entire concept. As Ryan noted in a recent Wire article, the Dominion lawsuit in particular, is a particularly chilling case for free speech, with a taxpayer-funded company effectively silencing public critics. This, along with the recent Trump verdict, are an illustration of the continuing escalating weaponization of the court system for political ends.New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% offRecommended Reading"The Dominion Lawsuit against Fox News is Part of the War against Free Speech" by Ryan McMaken.: https://Mises.org/RR_133_A"The Alex Jones Verdict Shows the Danger of Defamation Laws" by Ryan McMaken: https://Mises.org/RR_133_B"Lawsuits Are the Hitman of the State" by Brian Caplan https://Mises.org/RR_133_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The fight between Russia and NATO is not about "democracy versus authoritarianism." Rather both the US and Russian states are doubling down because they are doing what states do: seeking power.Narrated by Millian Quinteros.
While most free market advocates are fixated on the national debt, they also should be looking at municipal debt over which taxpayers have no say. Maybe default is the answer.Narrated by Millian Quinteros.
Canada created its central bank during the Great Depression, ostensibly to stabilize the currency and protect the banking system. Today, that system is falling apart, thanks to inflationary central bank policies.Narrated by Millian Quinteros.
A central tenet of Keynesian economics is that governments must run budget deficits to stimulate economic growth. But government spending actually shrinks the economy.Narrated by Millian Quinteros.
The passage of an income tax in the early twentieth century was an enormous shift toward a far more centralized and powerful US state.Narrated by Millian Quinteros.
A bedrock of Austrian economics and libertarianism has been free trade. Unfortunately, some people who claim to value liberty no longer value unhampered exchange.Narrated by Millian Quinteros.
To prevent rail accidents like the one in East Palestine, dial back government regulation and allow the tort system to work.Narrated by Millian Quinteros.
Federal laws with acronyms are usually bad news. (Think the USA PATRIOT Act.) The RESTRICT Act is yet another Orwellian proposal in which the federal government assumes ignorance is strength.Narrated by Millian Quinteros.
Bank reserves are seldom mentioned, except in cases of bank runs. The other possible mention is all the interest money the Fed pays to banks simply for holding reserves. Mark explains the role of bank reserves in the current "system" and gives a brief explanation of why the Austrian view is better and actually gets the job done.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Jonathan Newman joins Bob to critique a recent Twitter argument where some were claiming that supercomputers solved the socialist calculation problem.The Twitter thread on AI and Socialism: https://Mises.org/HAP394aBob on Socialism and calculation vs knowledge: https:/Mises.org/HAP394bKarras Lambert and Tate Fegley on economic calculation and AI: https:/Mises.org/HAP394c
Austrian economics is defined by its adherence to the a priori methodology, not empiricism. That places it at odds with mainstream economics, which stresses the methodology of positivism.Narrated by Millian Quinteros.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the cancellation of Tucker Carlson's Fox News show and the similar treatment of Murray Rothbard by Bill Buckley. What does Tucker's cancelation mean for the growing anti-regime trends on the right, and why do "conservative" gatekeepers prefer the company of the left more than their audience? We look at this and more on this episode of Radio Rothbard.New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug For more on the history of the conservative movement, get your copy of Betrayal of the American Right by Murray Rothbard. Receive 20% off with coupon code RothPod at the Mises Store. Also available as an audiobook.PROMO CODE: RothPod for 20% offRecommended Reading"Murray Rothbard, RIP" by William F. Buckley Jr.: https://Mises.org/RR_132_A"Frank Meyer's Fusionism and the Search for Consensus Among Conservatives" by Paul Gottfried: https://Mises.org/RR_132_B"NotCon 3 Video: The Failure of Fusionism" https://Mises.org/RR_132_C"Why Fox Fired Tucker: BlackRock, Replacement Theory, and the ADL" by Michael Rectenwald https://Mises.org/RR_132_D"Buckley Revealed" by Murray Rothbard https://Mises.org/RR_132_EBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then.
Ryan and Zack talk about some of the details from the recently leaked Pentagon documents. They reveal dysfunctional American foreign policy and just how much contempt the US regime has for its own allies.Additional Resources"What the leaked Pentagon documents reveal — 8 key takeaways" by Paul Adams, Jean Mackenzie, and Antoinette Radford (BBC News): https://Mises.org/WES_10_A"Fact Sheet on U.S. Security Assistance to Ukraine" (U.S. Department of Defense, 19 April 2023): https://Mises.org/WES_10_B"U.S. doubts Ukraine counteroffensive will yield big gains, leaked document says" by Alex Horton, John Hudson, Isabelle Khurshudyan, and Samuel Oakford (Washington Post): https://Mises.org/WES_10_C"Arbitrary Use of Power: Punishing Those Who Expose Not-So-Secret Government Secrets" by Bill Anderson: https://Mises.org/WES_10_DBe sure to follow War, Economy, and State at https://Mises.org/WES
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.Narrated by Millian Quinteros.
Even when currency is backed by gold, governments have many political reasons to pursue national, territorial currencies. Now there are hundreds of national currencies. It didn't have to be this way.Narrated by Millian Quinteros.
Donald Trump legally pays hush money and prosecutors try to fashion a crime from it. However, if a president lies and thousands of people die, it is called foreign policy.Narrated by Millian Quinteros.
American politicians are beating war drums. They forget that bad relations are costly in many ways.Narrated by Millian Quinteros.
Mark discusses something bigger than the Disney layoffs: the Wall Street Journal's April 25 frontpage article on investing in gold. It would seem that the recent rise of the price of gold is the result of tired, dumb, and disillusioned crypto currency investors throwing in the towel to "chase shiny new object—gold." Mark explains that the rational reasons for investing in gold loom larger than the entire Magic Kingdom!Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset". Recorded on April 22, 2023.
Are NASA contracts propping up the private space industry? Or are Government regulations stifling the private space race?Dr. Eli Dourado, Senior Research Fellow with the Center for Growth and Opportunity at Utah State University, joins Bob to discuss the recent "successful failure" of the exploded SpaceX launch and the differences between government and privately funded space travel.Dr. Dourado on NASA contracting private companies to build their shuttles: https://Mises.org/HAP393aDr. Dourado on the Artemis moon program: https://Mises.org/HAP393b
As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.Narrated by Millian Quinteros.
Ryan McMaken and Dr. Mark Thornton cover the state of the dollar as global reserve currency, and why employers are laying off more and more of their highest paid workers.PROMO CODE: RothPod for 20% off: https://store.mises.org/Radio-Rothbard-C201.aspxSubscribe to Mark's weekly podcast at https://Mises.org/MinorIssuesBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies.Narrated by Millian Quinteros.
Low rates of military reenlistment in the USA are spun as a near crisis. Perhaps this situation should make us more optimistic about our future.Narrated by Millian Quinteros.
When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else.
The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal.Narrated by Millian Quinteros.
Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it.Narrated by Millian Quinteros.
Mark looks at the price of Apple stock—one of the best performing stocks over the last quarter century, and one of the largest holdings in stock indexes, mutual funds, and Berkshire Hathaway portfolio. Market watchers have kept a keen eye on Apple as it heads for a new all-time high; but, Mark is concerned that a downturn would have a huge ripple effect on the overall market—possibly equivalent to a tsunami. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Professor Per Bylund joins Bob to debunk the worries over AI and to question whether the latest version of chatbots should even be called "intelligent."Per on Robots Taking your Jobs: https://Mises.org/HAP392a
David Gordon explores how Abraham Lincoln's stated view on secession was fundamentally Hobbesian, cynical, and violent.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at common American history myths baked into government school curriculums. While Republican governors have begun to prioritize removing "critical race theory" and other forms of modern "leftwing indoctrination" from textbooks, there are a number of historical episodes left unchallenged that all lead to a deification of state power and a celebration of progressive politics.PROMO CODE: RothPod for 20% offRecommended Reading"The Meat Packing Myth" by Murray Rothbard: https://Mises.org/RR_130_A"Krugman's Hoover History" by Robert Murphy: https://Mises.org/RR_130_B"Why the 1787 Constitution Did Not Bring Republican Government to America" https://Mises.org/RR_130_CThe Progressive Era by Murray Rothbard https://Mises.org/RR_130_DBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Austrian economics recognizes change as a constant and provides guidance for adapting to it and managing it. Change is changing for business — it’s faster and more fundamental in the digital age. Austrian economics can help even more as a result of its practical and realist approach to adaptation and continuous adjustment.Show notes: https://mises.org/library/phil-simon-tectonic-changes-workplaceThe Nine: The Tectonic Forces Reshaping the Workplace by Phil Simon: https://Mises.org/E4B_215_Bookhttps://PhilSimon.com — Expertise on workplace collaboration and technologyPhil Simon on LinkedIn: https://Mises.org/E4B_215_LinkedIn
Even a partial weakening of the dollar's global demand will limit the US regime's ability to throw its weight around internationally. Yet Washington is unwilling to do what's necessary to prevent it.Narrated by Millian Quinteros.
Ryan and Zachary talk about how wars are not nearly as cheap or economically harmless as many Americans seem to think. Rather, taxpayers must give up enormous amounts of resources to fund wars halfway across the globe that have little to do with actual defense. Americans are still paying interest on the trillions spent on Washington's many lost wars of recent decades.Additional Resources"On Paying for the Costs of War and War Loans" by Ludwig von Mises (1918): https://Mises.org/WES_09_A"The Cross of Iron" by Dwight D. Eisenhower (1953): https://Mises.org/WES_09_B"Fact Sheet on U.S. Security Assistance to Ukraine" (U.S. Department of Defense, 4 April 2023): https://Mises.org/WES_09_C"How the Fed Is Enabling Congress's Trillion-Dollar Deficits" by Ryan McMaken (2021): https://Mises.org/WES_09_D"War and the Money Machine: Concealing the Costs of War beneath the Veil of Inflation" by Joseph T. Salerno (2021): https://Mises.org/WES_09_E"As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on 'Defense'" by Ryan McMaken (2022): https://Mises.org/WES_09_F"Russia and Ukraine named as Europe’s most corrupt countries" by William Nattrass (3 February 2023): https://Mises.org/WES_09_GBe sure to follow War, Economy, and State at https://Mises.org/WES
Like Bentham's panopticon, modern cancel culture is built upon fear and online bullying, making people police their own thoughts.Narrated by Millian Quinteros.
Democratic politicians and supporters are cheering the Trump indictment, but the entire process has been so politicized that its legitimacy is easily called into question.Narrated by Millian Quinteros.
Jonathan Newman joins Bob to dissect Paul Krugman's latest NYT op-ed, in which he derides Ron DeSantis as paranoid for thinking a central bank digital currency (CBDC) could be used to control citizens.Krugman's op-ed in the New York Times: https://Mises.org/HAP391aBob breaking down negative interest rates: https://Mises.org/HAP391b
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss recent reveals about new lows for the FBI. Ryan discusses new reports about the targeting of traditional Catholic churches and the history of the American Stasi, while Tho highlights new evidence about the role of federal agents in escalating January 6.Recommended Reading"The FBI’s Forgotten Criminal Record" by Jim Bovard: https://Mises.org/RR_129_A"Abolish the FBI" by Ryan McMaken: https://Mises.org/RR_129_BBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
Entrepreneurship is well-defined in economics, and well-recognized as the engine that drives economic growth. That means people enjoying greater well-being, including but not limited to material prosperity. But economic growth can be uneven. Some countries, some regions, and even some firms do not generate the same levels of economic growth as others. How do we understand this variability? We look for what holds entrepreneurship back.Show notes: https://mises.org/library/professor-shawn-ritenour-vital-role-entrepreneur-economic-developmentThe Economics of Prosperity: Rethinking Economic Growth And Development by Shawn Ritenour: https://Mises.org/E4B_214_Book1The Economics Of Prosperity (Edward Elgar): https://Mises.org/E4B_214_Book2Shawn Ritenour at https://Mises.org/RitenourShawn Ritenour at Grove City College: https://Mises.org/E4B_214_Profile
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
How to Think about the Economy was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain a life-changing understanding of how the economy works in practically no time.Narrated by John Quattrucci.
Jeff and Bob review the history and impact of The Human Action Podcast—formerly Mises Weekends—and discuss where the podcast is headed. Get Jeff's new book A Strange Liberty: Politics Drops Its Pretenses: https://Mises.org/Strange
This episode explores precious metals. Gold (Au) is the main precious metal, followed by Silver (Ag), Platinum (Pt), and Palladium (Pd). These are distinct from valuable industrial metals such as copper (which served as money historically), nickel, and zinc, which have served as token coins in modern times. There are many different ways and forms you can own precious metals.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Philosopher Susan Neiman may be a leftist, but she recognizes the dangers of woke progressivism.Narrated by Millian Quinteros.
Ryan and Tho talk about why Trump is the only former president to be prosecuted for crimes. The ruling class has agreed to not prosecute their own, but since they see Trump as an outsider, he is fair game. In truth, we'd be better off if more presidents and former presidents faced prosecution and arrest for their many offenses.Recommended Reading"With the Trump Indictment, America Is a Step Closer to Being a Banana Republic" by Bill Anderson: https://Mises.org/RR_128_A"Politics Is Turning Us into Idiots" by Lipton Matthews: https://Mises.org/RR_128_BAnatomy of the State by Murray N. Rothbard: https://Mises.org/RR_128_C"Yes, Virginia, There IS a Deep State—and It Is Worse than You Think" by Bill Anderson: https://Mises.org/RR_128_DBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.Narrated by Millian Quinteros.
The standard narrative around current bank failures is that they occur because of a lack of regulation. Credit Suisse was heavily-regulated; that was the problem.Narrated by Millian Quinteros.
Market research is a tool for gathering data about customers and consumers that businesses hope will lead to insights about their behaviors and preferences that can be translated into innovation, better service and better business performance. As with any dynamic system, it has changed over time, and the effects of entropy have begun to show themselves in invalid techniques, invalid data, and invalid conclusions. And as with virtually all business systems, the coming of the digital age provides businesses with the opportunity to review, revise and improve exiting practice and existing thinking.Show notes: https://mises.org/library/sharekh-shaikh-digital-revolution-market-researchhttps://CleverX.comSharekh Shaikh on LinkedIn: https://Mises.org/E4B_213_LinkedIn
From race to gender to nearly everything else, decisions about what is correct or incorrect are made according to politics. This is a recipe for social destruction.Narrated by Millian Quinteros.
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.Narrated by Millian Quinteros.
Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.Narrated by Millian Quinteros.
Mark is not fooling around today. He looks back at the history of gold and its price, which some believe is too erratic and too unstable (like Bitcoin) to serve as a basis of a monetary system. Mark shows that it is not gold that destabilizes events in the real world, but rather real world events related to political decision-making that has made the price of gold unstable. The price of gold is a "minor" indicator of what governments are really up to. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about global moves being made against the US dollar. The regime's decade long weaponization of money and banking has both global rivals and historical allies looking for alternatives. Ryan and Tho discuss what that means for Americans, and what may come next.Recommended Reading"World needs to end risky reliance on U.S. dollar: BoE's Carney" (Reuters, 2019): https://Mises.org/RR_127_A"Governments Can't Blame Inflation on Energy and Putin Anymore" by Daniel Lacalle: https://Mises.org/RR_127_B"Is the Fed Trying to Bail Out the World? Sure Looks Like It" by Kristoffer Hansen: https://Mises.org/RR_127_C"Why Fractional Reserve Banking Is behind Bank Failures" by Jonathan Newman: https://Mises.org/RR_127_DBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Bob is joined by guest Peter St. Onge to discuss how SVB's CEO, as well as Bernie Madoff, had key positions advising the Fed and SEC. Then they discuss how we should think about central banks losing money.How the SEC was Charmed by Madoff: https://Mises.org/HAP389aBob's Understanding Money Mechanics: https://Mises.org/HAP389b
One excuse that political elites give when they drag nations into war is that the conflict was "inevitable" or "unavoidable." Ralph Raico knew better.Narrated by Millian Quinteros.
Western governments seem to relish a clash with Russia, despite the spectre of nuclear war should things escalate too far. If so, it will be a conflict built on lies told by government lies.Narrated by Millian Quinteros.
Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist.Narrated by Millian Quinteros.
Peter Drucker famously identified the only two value-generating functions of the firm as innovation and marketing. We propose to differentiate brand building (or branding) from marketing, especially in this digital age. Brands are the vehicle for framing, establishing, nurturing and enhancing relationships with customers. In the digital age, marketing has become mechanized and mathematicised; it’s about numbers more than about human values and emotional bonding. Graceann Bennett is a branding expert who has devoted her career and her research agenda to furthering the science of brand building.Show notes: https://mises.org/library/graceann-bennett-brands-are-value-generating-assets-marketing-just-tacticshttps://GraceannBennett.comPlaybook Studio: https://Playbook.StudioGraceann Bennett on LinkedIn: https://Mises.org/E4B_212_LinkedIn
The Ralph Raico Memorial Commencement Lecture. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute.
Murray Rothbard was an elite economist, historian, and avowed enemy of the state. His legacy lives on nearly three decades after his untimely passing.Narrated by Millian Quinteros.
The Murray N. Rothbard Memorial Lecture, sponsored by Steven and Cassandra Torello. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute.
The Henry Hazlitt Memorial Lecture, sponsored by Harvey and Mei Allison. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute.
Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean.Narrated by Millian Quinteros.
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.Narrated by Millian Quinteros.
In this episode, Mark looks at the far away minor issue of the impact of hyperinflation in Zimbabwe. Even though they have switched from Zim dollars to US dollars, ordinary people are still suffering. Their government and its inflationary monetary policy is manifesting itself in some interesting ways.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance.Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.Mises's A Theory of Money and Credit: https://Mises.org/TMCBob's study guide to A Theory of Money and Credit: https://Mises.org/HAP388aJohn Cochran, 'The Safest Bank the Fed Won't Sanction': https://Mises.org/HAP388b
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.Narrated by Millian Quinteros.
How do people in a pluralistic society live peacefully with each other? In his review of Kenneth McIntyre's book, David Gordon points to negative liberty as the best way to preserve values.Narrated by Millian Quinteros.
San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket.Narrated by Millian Quinteros.
Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.
This week on Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge (https://Mises.org/StOnge), a fellow at the Heritage Foundation and a regular contributor to the Mises Wire. This episode looks at the political response to the recent turmoil in the banking system and how the Austrian position looks today relative to 2008. St. Onge makes a case for optimism.Recommended Resources"It Turns Out That Hundreds of Banks Are at Risk" by Peter St. Onge: https://Mises.org/RR_126_A"The Fed Backtracks on Future Rate Hikes as Bank Failures Loom Large" by Ryan McMaken: https://Mises.org/RR_126_B"Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again" by Ryan McMaken: https://Mises.org/RR_126_CPeter St. Onge's Substack: https://StOnge.substack.com2023 Libertarian Scholars Conference: https://Mises.org/LSC23Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism.Narrated by Millian Quinteros.
The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute.
The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute.
Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street.Narrated by Millian Quinteros.
Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state.Narrated by Millian Quinteros.
The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook.Narrated by Millian Quinteros.
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.Narrated by Millian Quinteros.
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.Narrated by Millian Quinteros.
The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022.Narrated by Millian Quinteros.
It’s time to re-imagine how entrepreneurs bring their innovative value propositions to market at the appropriate scale to meet the important needs of millions of people. The new way of thinking is for entrepreneurs to focus all their energy on designing, refining and strengthening the value proposition, and then plugging in to a network of resources assembled by others so that customers enjoy the full realization of the value experience the entrepreneurial has designed. Jeff Grogg of JPG Resources joined Economics For Business to describe how this works in the CPG food and beverage industry.Show notes: https://mises.org/library/jeff-grogg-building-new-production-structure-entrepreneurial-capitalismhttps://JPGResources.comJeff Grogg on LinkedIn: https://Mises.org/E4B_211_LinkedIn
This past weekend saw extraordinary actions by the Fed to address the meltdown of Silicon Valley Bank. Did the central bank break the law by effectively authorizing unsecured loans to banks based on the face value—rather than significantly lower market value—of those banks' Treasury holdings?Bob's study guide to A Theory of Money and Credit: https://Mises.org/HAP387a
SVB Bank and Signature Bank failed this week and were bailed out. Mark explains why the banks failed and why it was bound to happen. The minor issue is that the total FDIC bailout fund is actually smaller than either one of the banks.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Ryan and Tho talk about how last week's banking panic led to new ways for bankers and politicians to exploit regular people through inflation, regulations, and corrupt loans.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Those adhering to Austrian Economic thinking see the beauty in concepts coming together and providing a way to truthfully assess human action.Narrated by Millian Quinteros.
It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future.Narrated by Millian Quinteros.
All of Al Gore's children went to Harvard. Are we really to believe that this is because the Gore kids had the most "merit"? Narrated by Millian Quinteros.
Two "distinguished" healthcare analysts have examined the medical system in the USA and conclude that the REAL problem is . . . large hospitals. Dale Steinreich applies economic analysis to their claims.Narrated by Millian Quinteros.
President Biden's executive order to "strengthen equity" in the federal government is doomed to fail. It will create a lot of havoc in the meantime.Narrated by Millian Quinteros.
Mark discusses how the Federal Reserve and Covid restrictions greatly increased the price of cardboard boxes; but, with online sales softening, we should expect suppliers to shift the raw materials used to make boxes (wood pulp) into the production of other paper goods, such as toilet paper. Because our demand for toilet paper is relatively inelastic, we should see a decline in the price of toilet paper and better availability.The market will reallocate toward consumer wants and lower prices.Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Progressivism is collectivist, anti-individual, and ultimately destroys civilization itself. Austrian economics stands against this force.Narrated by Millian Quinteros.
Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor Mariana Mazzucato suggested governments across the West should simply print money not only to help Ukraine, but also to finance other "wars" against climate change, inequality, and more. Should national treasuries essentially adopt a permanent wartime footing and print far more money, as Mazzucato and Warren Mosler recommend? Hint: Jeff and Bob say "No."Jeff's article "A Permanent Wartime Economy": https://Mises.org/HAP386aBob's debate with Warren Mosler: https://Mises.org/HAP386bBob's article in The American Conservative on the Greenbacker movement: https://Mises.org/386c
The foreign policy "elites" have been wrong about regime change, sanctions, "the lesson of Munich," a "rules-based order," and pretty much everything else.Narrated by Millian Quinteros.
Ryan McMaken and Tho Bishop look at how the regime's narrative on foreign policy is failing, and how some in Congress are finally standing up to the warfare state. Yet, the regime wants more US wars in Syria, Ukraine, and now even Mexico. And you will pay for it all. Will the voters demand a more sane foreign policy in 2024?Recommended Reading"The Costs of War in Syria" by Ryan McMaken (2013): https://Mises.org/RR_124_A"A Permanent Wartime Economy" by Jeff Deist: https://Mises.org/RR_124_BThe War, Economy, and State Podcast with Ryan McMaken and Zachary Yost: https://Mises.org/WES"Mission Accomplished: Seymour Hersh, Nordstream, and What’s Left on the Cutting Room Floor" by Tom Luongo (LewRockwell.com): https://Mises.org/RR_124_C"Meanwhile in Yemen, the US Government Supplies Weapons to Continue the Carnage" by Trenton Hale: https://Mises.org/RR_124_D"House Votes Down Resolution to Withdraw Troops from Syria" by Dave DeCamp (AntiWar.com): https://Mises.org/RR_124_EBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.Narrated by Millian Quinteros.
We can be sure that the "natural elites" of which Hans Hoppe wrote are not among the Davos crowd. That group of "elites" has an agenda, and it is not liberty and free markets.Narrated by Millian Quinteros.
In the name of "fighting racism," a number of writers and pundits are making social relationships between people of different races and ethnic groups more contentious.Narrated by Millian Quinteros.
A lot economic thinking about the structure of production and entrepreneurs’ challenges in the assembly of resources can be revised in the 21st Century. There are networks of value-driving resources already assembled, connected and operating, into which entrepreneurs can plug their business ideas. We talked to the CEO of one of the leading networks for insights into how it works.Show notes: https://mises.org/library/steven-blustein-new-structure-production-plug-entrepreneurial-networkhttps://Gembah.comSteven Blustein on LinkedIn: https://Mises.org/E4B_210_LinkedIn
Canadian political, academic, and media elites "worry" that democracy in that country may be under attack. Actually, democracy works all too well there.Narrated by Millian Quinteros.
Mark talks about the recent price inflation reports, as well as reports of job openings from private sector job placement companies. Inflation was higher than expected and job openings declined. What will the Fed do? People are making painful adjustments—Domino's reported disappointing sales, because their customers are "eating in".Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
With global worldwide debt now over $300 trillion and interest rates rising, the US dollar is once again a relative safe haven in a slowing economy. Currencies competing with the Dollar face a deadly race to stave off a sovereign debt crisis. Is the dollar now unbound, as the dominant political tool of the dominant nation?The Dollar Milkshake Theory: https://Mises.org/HAP385aThorsten Polleit, The Global Currency Plot: https://Mises.org/HAP385bBob's book, Understanding Money Mechanics: https://Mises.org/Mechanics
Opponents of secession say secession is wrong if some people in the population don't want it and say they will be worse off. The American revolutionaries disagreed and seceded anyway.Narrated by Millian Quinteros.
This episode of Radio Rothbard revisits a point in our previous episode about the popular claim on leftwing Twitter that red-state America would be a "third world country" without support from the federal government. Ryan McMaken and Tho Bishop discuss Ryan's recent article on the topic, as well as the legacy of populist politics, and the unseen consequences of uniparty addiction to DC money.Recommended Reading"No, Red State Economies Don't Depend on a "Gravy Train" from Blue States" by Ryan McMaken: https://Mises.org/RR_123_A"Selling Our Sovereignty: Alabama’s Federal Dependency" by Katherine Green Robertson: https://Mises.org/RR_123_B"Why MTG Is Right About National Divorce" (Radio Rothbard with Ryan McMaken and Tho Bishop): https://Mises.org/RR_123_C"How to Think about the Economy" (Mises Seminar in Tampa) featuring Jeff Deist, Dr. Joe Salerno, Dr. Per Bylund, Tho Bishop, and Brett Lindell: https://Mises.org/RR_123_DBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
What at first seem like gifts from the state (handouts for some at the expense of others) lead to unfortunate events that cannot be stopped once begun.Narrated by Millian Quinteros.
Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.Narrated by Millian Quinteros.
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.Narrated by Millian Quinteros.
In the name of "economic development," San Antonio's government is seeking to seize a thriving business near the Alamo.Narrated by Millian Quinteros.
Three years after the covid virus hit the world, we are just starting to take a hard look at the damage caused by the covid restrictions. The "experts" not only were wrong; they were scandalously wrong.Narrated by Millian Quinteros.
The president's SOTU speech has become an annual presentation of a new set of White House lies. But official Washington believes it is worse to publicly boo false statements than to make them.Narrated by Michael Stack.
Mark uses Intel Corporation, the computer chip manufacturer, as a barometer of the business cycle. He looks at the stock price in recent years, its production capacity expansion, and the company's very recent cost- and dividend-cutting moves.Check out Mark Thornton's free book, The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century: https://Mises.org/CurseBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
American and European political elites seem to be wanting the Russia-Ukraine war to be fought to the last Ukranian and have done nothing to bring peace. It's time for a change.Narrated by Michael Stack.
Tom Woods joins the show for a look at the hottest political topic of the day, namely national divorce. This is a spirited discussion of the politics, economics, and mechanics of how America might break up. Watch 'The Economics of National Divorce Part I' with Ryan McMaken": https://Mises.org/HAP352
Western intellectuals and their political allies are pushing relentlessly toward a unipolar world. Freedom lies in the multipolar direction.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss this week's Twitter and media campaign by Congresswoman Marjorie Taylor Greene promoting the idea of national divorce. Ryan and Tho read through some of the tweets that the Representative from Georgia made about the practical advantages of a soft secession, as well as comments made by "Very Serious People" deeply offended at the suggestion.Is Marjorie Taylor Greene guilty of unforgivable high treason? Tune in to find out.Recommended Reading"January 6 Trials Remind Us Why We Must Abolish Seditious Conspiracy Laws" by Ryan McMaken: https://Mises.org/RR_122_A"Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?" by Ryan McMaken: https://Mises.org/RR_122_B"The Economics of American Gerontocracy" (Human Action Podcast with Jeff Deist and Bob Murphy): https://Mises.org/RR_122_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing.Narrated by Millian Quinteros.
We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.Narrated by Millian Quinteros.
Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them.Narrated by Millian Quinteros.
While the 1979 default was relatively small, the 1934 default affected millions of Americans who had bought Liberty Bonds mistakenly thinking the government would make good on its promises.Narrated by Millian Quinteros.
Can private markets only be regulated by government? Hindenburg Research's successes against corporate corruption suggest otherwise.Narrated by Millian Quinteros.
Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.Narrated by Millian Quinteros.
Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation.Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.Narrated by Millian Quinteros.
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.Narrated by Millian Quinteros.
With Yale economics professor Yusuke Narita suggesting mass suicide—seppuku—as the answer to Japan's rapidly aging demographics, Jeff and Bob take a hard look at the economics and humanity of greying America.Richard Hanania, "Gerontocracy Versus Western Civilization": https://Mises.org/HAP383aBob on opting out of Social Security: https://Mises.org/HAP383b
By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop address whether the Ohio train disaster is an example of "capitalism gone amuck". They discuss Murray Rothbard's views on pollution, the secondary consequences of the regulatory state, and the decaying qualities of modern financialization.Also, join the Mises Institute in Tampa this month for a special event featuring Per Bylund, Jeff Deist, Tho Bishop, and Brett Lindell, on February 25. Learn more at https://Mises.org/Tampa. Recommended Reading"Are Libertarians Too Anti-Pollution?" by Ryan McMaken: https://Mises.org/RR_121_A"Financialization: Why the Financial Sector Now Rules the Global Economy" by Ryan McMaken: https://Mises.org/RR_121_BBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Australia is famous for its laid-back culture and for being founded by convicts from Great Britain. It also should be famous for its embrace of entrepreneurship.Narrated by Michael Stack.
Ryan McMaken and Zachary Yost talk about the recent freak-out over the Chinese balloon, American foreign-policy moralism, and what sort of "threat" a balloon really represents. Also discussed is nuclear deterrence, American domestic spying, and why most states—including allies—spy on each other.Additional Resources"So Much Hot Air: The (Fake) China Threat Strikes Again!" by Joseph Solis-Mullen: https://Mises.org/WES_08_ABe sure to follow War, Economy, and State at https://Mises.org/WES.
What can economics tell us about designing fulfilling jobs and productive workplaces? Quite a lot if we apply the economics of subjective value and empathy. Melissa Swift is the author of Work Here Now: Think Like A Human And Build A Powerhouse Workplace. She discusses her research on the Economics For Business podcast.Show notes: https://mises.org/library/melissa-swift-human-action-build-powerhouse-workplaceWork Here Now: Think Like A Human And Build A Powerhouse Workplace by Melissa Swift: https://Mises.org/E4B_208_Book1Bullshit Jobs: A Theory by David Graeber: https://Mises.org/E4B_208_Book2
On the heels of rising stock markets, record low unemployment rates, and even the plunge in the price of gasoline, Mark discusses the latest government economic reports including the hot retail sales numbers, recent increases in the CPI, and the increases in business inventories. What can be made of these confusing numbers?Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
The constitution has not protected our natural rights, nor did it prevent the US from becoming a blood-soaked failed state a mere 73 years after the constitution was ratified.Narrated by Michael Stack.
One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.Narrated by Millian Quinteros.
Mark Thornton takes a look back at US stock markets, the national debt, and Fed policy (ZIRP, money supply, and its balance sheet)."After the Boom Must Come the Bust" (Radio Rothbard): https://Mises.org/MI_06_AAustrian Economic Research Conference: https://AustrianEconomics.orgBe sure to follow Minor Issues at https://Mises.org/MinorIssues.
The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to "pay back" pensioners is just creating a new group of tax victims.Narrated by Millian Quinteros.
China has created a crackdown cycle that is hurting the entrepreneurial spirit.Narrated by Millian Quinteros.
Mark Thornton looks at how much money Americans will spend on the Super Bowl this year and discusses the accuracy of the Super Bowl Stock Market Indicator.Recorded on February 11, 2023.
The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality.Narrated by Millian Quinteros.
Mises Institute scholar and Troy University business school Dean Allen Mendenhall is among the leading critics of woke capital. He leads a new initiative against the perverse investment practices demanded by ESG/DEI commissars, and joins Jeff to discuss both the origins of "stakeholder" capitalism and what we can do to push back against ideological purity tests in capital markets and corporate America.https://AllenMendenhall.com"Troy University tackles 'woke' business practices head-on with new program": https://Mises.org/HAP382a
How do societies determine who their heroes are? We know that often those seen as heroes actually made a country worse off.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop feel obligated to discuss the State of the Union address. Was anything of value learned? Tune in to find out.Also, join the Mises Institute in Tampa this month for a special event featuring Per Bylund, Jeff Deist, Tho Bishop, and Brett Lindell, on February 25. Learn more at https://Mises.org/Tampa. Recommended Reading"Raise the Social Security Age to (at Least) 75" by Ryan McMaken: https://Mises.org/RR_120_A"Another Recession Sign: Part-Time Work Is Growing Faster than Full-Time Work" by Ryan McMaken: https://Mises.org/RR_120_B"Yes, the US Government Has Defaulted Before" by Ryan McMaken: https://Mises.org/RR_120_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Progressives like to claim that "America" has a "gun violence problem." However, the "gun violence problem" happens to exist in places where progressives dominate the government.Narrated by Millian Quinteros.
What is strategy, and is it useful for business? Business schools want you think it is the critical factor in competitive success or failure. They teach structured markets, divided up by market share, with boundaries and external and internal forces to be assessed and countered. “Where to play and how to win.” They see strategy through their lens of financialization and utilize fictitious economic calculations like discounted future cash flows and market capitalization. There’s very little Austrian flavor in their view — no acknowledgement of subjective value and the qualitative drivers of value, customer sovereignty, empathy, constantly changing customer preferences, no role for the entrepreneur in helping customers learn what they can want in an evolving world.Our guest Erik Schön provides us with an entirely different view of strategy, which he arrives at via a synthesis of three great strategists: Sun Tzu, John Boyd, and Simon Wardley.Show notes: https://mises.org/library/erik-schon-art-strategyThe Art of Strategy: Steps Towards Business Agility by Erik Schön: https://Mises.org/E4B_207_Book1The Art Of Leadership: Purpose and Integrity for Sustainable Success by Erik Schön: https://Mises.org/E4B_207_Book2Erik Schön on LinkedIn: https://Mises.org/E4B_207_LinkedInA Collection of Wardley Maps: https://Mises.org/E4B_207_Maps1A Wardley Map of the Automobile Industry: https://Mises.org/E4B_207_Maps2
Americans often have defended the atomic bombings of Hiroshima and Nagasaki as regrettable but necessary for ending World War II. The actual record tells us a much different story.
As life expectancy has risen, so have runaway costs. Raising the age won't make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do.Narrated by Millian Quinteros.
A recession looks more likely every day, and the latest sign of this is slowing price growth in producer prices. After all, price inflation usually slows as the economy weakens and consumers run out of easy money.Narrated by Millian Quinteros.
Mark Thornton discusses the history of record low unemployment rates and the business cycle.See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank of St. Louis: https://mises.org/MI_04_ChartRecorded on February 6, 2023.
The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all.
All people of goodwill have an obligation to fight the escalation of politics in American life.Narrated by Millian Quinteros.
Back in January Jeff Deist joined the Austrian Economics Discord Server for a live event concerning trends in 2023. Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from COVID.This is a far-ranging discussion of the landscape for the Fed, persistent inflation, and a looming recession. Includes Q and A from the audience.
Will the Federal Reserve be successful with its "Immaculate Disinflation"? Or, will we still have to "pay an even higher price" for their use of Weapons of Massive Monetary Destruction in 2020-21?Recorded on February 3, 2023.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week. While political pressure mounts at home for the Fed to turn dovish, growing international challenges to the dollar's dominance mount. Ryan and Tho also examine the Saudi's willingness to question the petrodollar and recent rumblings down south of a South American monetary union.Also, join the Mises Institute in Tampa this month for a special event featuring Per Bylund, Jeff Deist, Tho Bishop, and Brett Lindell, on February 25. Learn more at Mises.org/Tampa. Recommended Reading"The Fed Is Already Flashing Signs It's Done Raising Rates" by Ryan McMaken: https://Mises.org/RR_119_A"How FedGov Destroyed the Housing Market" (Human Action Podcast): https://Mises.org/RR_119_B"Why the End of the Petrodollar Spells Trouble for the US Regime" by Ryan McMaken: https://Mises.org/RR_119_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Entrepreneurship is by no means exclusively American. But this country has led the way in unleashing, encouraging and elevating entrepreneurship as the creative and virtuous pathway to the creation of new value for all. As a republic, we’ve established the institutional framework in which entrepreneurship can flourish, and entrepreneurs who are successful in creating value reap — and keep — the rewards. Dr. Samuel Gregg, in his book The Next American Economy, examines how this framework was designed at the founding, and discusses what we must all do to preserve it and re-animate it despite the attacks on it from the left.Show notes: https://mises.org/library/dr-samuel-gregg-our-founding-fathers-designed-entrepreneurial-republic-can-we-keep-itThe Next American Economy: Nation, State And Markets In An Uncertain World by Samuel Gregg: https://Mises.org/E4B_206_Book
It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns.Narrated by Millian Quinteros.
The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living.Narrated by Millian Quinteros.
Are stock markets in full recovery mode, à la the Fed's Immaculate Disinflation, or is this just a counter-trend rally experienced in most bear markets?
No one will read For a New Liberty and not see the world with very different eyes afterward.Narrated by Millian Quinteros.
Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism."Narrated by Millian Quinteros.
Mark Thornton takes a look at the recent GDP report and the layoff announcement at 3M and has some minor issues with both.
Professor Per Bylund of Oklahoma State University, author of How to Think About the Economy joins Jeff and Bob to dissect how economics went so badly wrong. A discipline rooted in theory, axioms, and deduction has devolved into statistics, models, and hard science envy. Is the economics profession doing any good, or active harm?Per's new book How to Think About the Economy: https://Mises.org/PrimerGary North and Walter Block debate "Is it Smart to Get a PhD in Economics": https://Mises.org/HAP380a
For all of the political "reforms" being tossed about, the truth is that government is slowly strangling the life out of our society.Narrated by Millian Quinteros.
One of the most helpful insights of Austrian economics for business is the understanding of uncertainty. To complete a sale to a customer is to take that customer on a journey from high uncertainty to lower uncertainty — sufficiently low that they’ll make a purchase and enter into the experience of ownership or receiving service. We illustrate this principle via the market for small business insurance — a service that our guest Ryan Hanley describes as confusing, time-consuming and costly, i.e., fraught with uncertainty for customers. He addresses the problem by freely dispensing usable knowledge, and explained to Economics For Business how that revolutionizes the industry.Show notes: https://mises.org/library/ryan-hanley-dispense-knowledge-freely-and-creatively-customer-retention
The Federal Reserve has created a huge boom full of bubbles. But after the boom must eventually come a bust. Ryan and Tho talk to Mises Institute Senior Fellow Mark Thornton about what to expect from the next recession and how we got ourselves into our current inflationary mess. Recommended Reading"Eliminating Economic Crises" by Mark Thornton: https://Mises.org/RR_118_A"The REAL Solution to the Coming Economic Crisis" by Mark Thornton: https://Mises.org/RR_118_B"Wholesale Price Inflation Is Slowing as Economy Worsens" by Ryan McMaken: https://Mises.org/RR_118_CThe Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/RR_118_D"Will the Fed Pop the Everything Bubble?" by Daniel Lacalle: https://Mises.org/RR_118_E"The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off" by Ryan McMaken: https://Mises.org/RR_118_F"The Fed's Real Mandate" by Mark Thornton: https://Mises.org/RR_118_GBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
The similar challenges facing America and Brazil, including concerns about the state of their democracies, is worthy of exploration, as is the global response to the protest and what that response means for those opposed to the current “neoliberal” international order.Narrated by Millian Quinteros.
Ryan McMaken and Zachary Yost discuss new estimates of just how costly a US-China war over Taiwan would be. Things are made even worse by the fact the US is already shopping most of its weapon stockpiles to Ukraine. The US government simply refuses to acknowledge that scarcity exists.Additional Resources"The First Battle of the Next War: Wargaming a Chinese Invasion of Taiwan" by Mark F. Cancian, Matthew Cancian, and Eric Heginbotham: https://Mises.org/WES_07_A"Taiwan Is Not Ukraine" by Zachary Yost: https://Mises.org/WES_07_B"Victory Without Battle: A Smarter Vision for US-Taiwan Policy" by Zachary Yost: https://Mises.org/WES_07_C"Rebuilding U.S. Inventories: Six Critical Systems" by Mark F. Cancian: https://Mises.org/WES_07_D"Taiwan has nearly US$19 billion in arms sales backlogged in US" by Eric Chang: https://Mises.org/WES_07_E"Costs of War" (The Watson Institute for International and Public Affairs): https://Mises.org/WES_07_FBe sure to follow War, Economy, and State at https://Mises.org/WES.
We like to think of the "deep state" as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.Narrated by Millian Quinteros.
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.Narrated by Millian Quinteros.
Economic factors are only some of the reasons why men are leaving the workforce. The decline of marriage has also lowered the supply of workers by lessening incentives for workers.Narrated by Michael Stack.
The migration data from 2020 to 2022 backs up the idea that a great many people are moving from restrictionist covid states to states where the public health technocrats have less power.Narrated by Michael Stack.
While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles.Narrated by Michael Stack.
Jeff and Bob break down this week's Davos WEF conference and consider whether global elites really have the mechanisms to impose their plans.Johnny Vedmore's analysis of Schwab's origins: https://Mises.org/HAP379aScott Greer says America's right-want needs to stop dwelling on Schwab: https://Mises.org/HAP379bSchwab bragging about penetrating Cabinets: https://Mises.org/HAP379c
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.Narrated by Millian Quinteros.
On the latest Radio Rothbard, Ryan McMaken and Tho Bishop celebrate World Economic Forum week by discussing the Managerial Revolution. While James Burnham's disinterest in economics made his criticism of capitalism cringey, modern financialization has manipulated the profit and loss mechanisms that any fan of his work can appreciate. Also, what is the lasting impact of the political capture of corporate power? Will the next crisis allow for a needed re-evaluation of insidious neoliberalism, or will "hypercapitalism" get the blame? Tune in for this and more on the latest episode.Recommended Reading"The Fed Is a Purely Political Institution, and It's Definitely Not a Bank" by Ryan McMaken: https://Mises.org/RR_117_A"Financialization: Why the Financial Sector Now Rules the Global Economy" by Ryan McMaken: https://Mises.org/RR_117_BBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
In economics, production and marketing are not separate concepts. Production responds to customers’ needs and marketing is the expression of those needs inside the firm. The entire customer-facing activity of the firm is marketing. Like any other business activity, there is constant flux brought to bear by changing customer preferences, competitive innovation and market evolution. Marketing must be adaptive to change, and a major shift is occurring right now. Mark Schaefer writes about it in Belonging To The Brand: Why Community Is The Last Great Marketing Strategy.Show notes: https://mises.org/library/mark-schaefer-belonging-brand-business-case-building-community-around-your-businessBelonging To The Brand: Why Community Is The Last Great Marketing Strategy: https://Mises.org/E4B_204_Book1Marketing Rebellion: The Most Human Company Wins: https://Mises.org/E4B_204_Book2The Marketing Companion podcast: https://Mises.org/E4B_204_PodMark Schaefer's website: https://BusinessesGrow.com
Keynesian economists fantasize that a market economy cannot "gain traction" without "stimulus" schemes from the government. In the end, the only thing stimulated are inflation and recession.Narrated by Millian Quinteros.
John McWhorter takes on the present infatuation with wokeness and shows the real harm it is doing to our social fabric.Narrated Millian Quinteros.
Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem.Narrated by Millian Quinteros.
Federal protectionism and bailouts makes it easier for US airlines to survive terrible service, such as mass cancellations or when Southwest imposed a private mask mandate and threw families off flights.Narrated by Millian Quinteros.
Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.Narrated by Millian Quinteros.
Dr. Peter Klein, professor of entrepreneurship at Baylor University and co-author of the new book Why Managers Matter, joins Jeff and Bob to explain the huge disconnect between supply and demand for labor in post-COVID America.Dr. Klein's new book Why Managers Matter: https://Mises.org/HAP378a
Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop call for breaking up the US into smaller states. While this idea sounds radical to some, there has been growing conversation about shifting state borders, including proposals to break up California and a recent vote on the Greater Idaho project. Ryan and Tho discuss what lessons the Swiss model of federalism, as well as consider the cynical political considerations of this humble proposal. Recommended Reading"If American Federalism Were like Swiss Federalism, There Would be 1,300 States" by Ryan McMaken: https://Mises.org/RR_116_A"The Borders Between US States Are Obsolete" by Ryan McMaken: https://Mises.org/RR_116_BBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The roots of Austrian economics go back to the great theologian Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.Narrated by Millian Quinteros.
The concept of risk provides us with an excellent opportunity to bridge between formal economic theory and personal business experience. Economics provides us with rigorous understanding of risk and uncertainty and the distinctions between them and their various types. But risk — the word that we use in everyday conversation — bring with it subjective feelings that affect how we approach it.Show notes: https://mises.org/library/angie-morgan-witkowski-how-win-riskBet On You: How To Win With Risk by Angie Morgan and Courtney Lynch: https://Mises.org/E4B_203_BookBet On You Podcast: https://Mises.org/E4B_203_PodcastAngie Morgan Witkowski on LinkedIn: https://Mises.org/E4B_203_LinkedIn
The belief that a free market economy needs an authoritarian state to support it is mistaken. Mises said it best when he wrote that "freedom is indivisible."Narrated by Michael Stack.
Yuval Noah Harari, who teaches history at Hebrew University in Jerusalem, denies that free will exists. However, to deny free will is to deny human action itself.Narrated by Michael Stack.
Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.Narrated by Michael Stack.
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.Narrated by Michael Stack.
There is no real housing market in the US. Instead, an unholy trinity of Fannie/Freddie, the US Treasury, and the Federal Reserve Bank operate to distort the market at every turn and drive home prices up dramatically. Mises Institute Senior Fellow Alex Pollock, an economist and former mortgage banker, joins Jeff to describe the reality few Americans know.Alex Pollock's new book Surprised Again: The Covid Crisis and the New Market Bubble: https://Mises.org/HAP377aAlex Pollock on how the Fed became the world's biggest S&L: https://Mises.org/HAP377b
Entrepreneurial business solutions can lead to better outcomes in every economic endeavor. In the field of medical care, entrepreneurship has been hampered by non-market arrangements. There’s some sense of an emerging trend towards better choices for users, a trend that we discuss with economist Dr. Murray Sabrin.Show notes: https://mises.org/library/murray-sabrin-financing-health-careThe Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance by Murray Sabrin: https://Mises.org/E4B_202_Book1From Immigrant to Public Intellectual: An American Story by Murray Sabrin: https://Mises.org/E4B_202_Book2https://MurraySabrin.comhttps://MurraySabrin.Substack.com
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?Narrated by Michael Stack.
Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised.Narrated by Michael Stack.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are back for 2023, savoring the chaos in Congress. As the House Republican rebellion threatens to keep Kevin McCarthy from gaining the speaker's gavel, Ryan and Tho look at other potential targets for a Republican-held Congress.Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.Narrated by Millian Quinteros.
University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.Narrated by Michael Stack.
While some politicians preach populism, that usually means protectionism and increased business regulation, along with high marginal income tax rates. Grover Cleveland showed a better way.Narrated by Millian Quinteros.
We know that "bring the troops home" is too much for America's foreign policy establishment. But if they can't handle that, a good first step would be to at least "bring the troops home" to the western hemisphere and the Americas. A new Monroe doctrine would be a less bad foreign policy paradigm than what we have now.Additional Resources"Wall Street, Banks, and American Foreign Policy" by Murray N. Rothbard: https://Mises.org/WES_06_ABe sure to follow War, Economy, and State at https://Mises.org/WES.
Self-determination means the ability to make laws for one's own community free from intervention by Washington, DC. Most of the world can do this. Why can't Americans?Narrated by Millian Quinteros.
The Chinese Community Party's crackdown in Christian churches reflects the perceived antiauthoritarian nature of Christianity and the party's fear of a competing alternative worldview.Narrated by Millian Quinteros.
While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.Narrated by Millian Quinteros.
Progressives demanding that the government forgive student debt forget that student loans were made voluntarily by students that promised to pay back what they owe.Narrated by Millian Quinteros.
Bob and Jeff make their provocative 2023 predictions for the economy, the Fed, politics, world events, and cultural issues.
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.Narrated by Michael Stack.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look ahead to 2023 with a handful of predictions for the new year. They even manage to find one reason for optimism!Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings.Narrated by Michael Stack.
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.Narrated by Michael Stack.
The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets.Narrated by Michael Stack.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look back at 2022 and touch on some of the worst and underappreciated trends of the year. For those interested in a more holiday-themed episode, check out last year's debate on the virtues of Ebenezer Scrooge (https://Mises.org/RR_45).Looking for Christmas gifts? Use promo code ROTHPOD for a 20% discount on select books featured on Radio Rothbard. Or, use code MURRAYCHRISTMAS for a special 10% discount on select new Mises apparel: https://Mises.org/RR_113_StoreRecommended Reading"Why Are So Many Men Leaving the Workforce?" by Ryan McMaken: https://Mises.org/RR_113_A"The Jobs "Boom" Isn't So Hot When We Remember Nearly Six Million Men Are Missing from the Workforce" by Ryan McMaken: https://Mises.org/RR_113_B"The Pandemic Is 'Over,' but the Feds Aren't Giving Up Their Emergency Powers" by Ryan McMaken: https://Mises.org/RR_113_C"Ebenezer Scrooge: Hero or Villain?" (Radio Rothbard): https://Mises.org/RR_113_DBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
This week's show features a bare-knuckle discussion between Jeff and José Niño of "El Niño Speaks" on the biggest political, economic, and cultural events of 2022—and what they portend for 2023.You don't want to miss Jeff's unvarnished thoughts on the Left, the Right, the economy, and what is sure to be a turbulent New Year.Read José's Substack: https://josbcf.substack.com
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.Narrated by Michael Stack.
In the name of "protecting workers," progressive legislators put people out of work. For their own good, of course.Narrated by Millian Quinteros.
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas.Narrated by Millian Quinteros.
John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.
It’s the ambition of every entrepreneurial business to advance from a standing start to customer—recognized leadership in its chosen field. It’s achievable, even without breakthrough technology and venture capital financing. Trini Amador’s Gracianna Winery is one of our Economics For Business entrepreneurial businesses of the year for 2022 for precisely such a journey story. Trini joins us to review the principles, processes and programs that are driving success.Show notes: https://mises.org/library/trini-amador-how-gracianna-became-most-awarded-winery"Gracianna: Award Winning Winemaking and Entrepreneurship" (video): https://Mises.org/E4B_201_Videohttps://Gracianna.comLisa Amador’s Cookbook, Comfort! A Gracianna Member-Inspired Cookbook: https://Mises.org/E4B_201_CookbookTrini Amador’s "Brand Uniqueness Blueprint" (PDF): https://Mises.org/E4B_201_PDF
Energy production in the USA and elsewhere is in trouble because of government control. We need more energy and less regulation.Narrated by Millian Quinteros.
Both the title and the substance of "Vices are not Crimes" highlight the unique role that morality and moral principle had for Spooner among the anarchists and libertarians of his day. For Spooner was the last of the great natural-rights theorists among anarchists, classical liberals, or moral theorists generally; the doughty old heir of the natural law-natural rights tradition of the 17th and 18th centuries was fighting a rearguard battle against the collapse of the idea of a scientific or rational morality, or of the science of justice or of individual right.Narrated by Michael Stack.
"The object aimed at in the punishment of vices is to deprive every man of his natural right and liberty to pursue his own happiness under the guidance of his own judgment and by the use of his own property."Narrated by Michael Stack.
Should there be vaccine mandates to deal with covid? Progressive authorities say one thing, but the data say another.Narrated by Millian Quinteros.
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.Narrated by Millian Quinteros.
Like the police in similar communities, the Moscow, Idaho Police have long focused on petty drug offenses while more serious violent crime and property crime receives far less attention.Narrated by Millian Quinteros.
It has been a hundred years since Mises published Socialism. It is more relevant than ever.Narrated by Millian Quinteros.
Does 2022 America still have legitimate intellectuals? Professor Paul Gottfried joins Jeff and Bob to consider the state of real and pseudo-intellectualism.
Progressives seem to believe that we improve healthcare outcomes by spending more. This is a recipe for failure.Narrated by Millian Quinteros.
There appears to be a six-million-man gap between the number of men in the prime age group—age 25–54—and the number of those men actually in the workforce.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Derek Dobalian, a California-based attorney, LewRockwell.com contributor, and a friend of the Mises Institute. This week's episode looks at the role Christianity has historically played in creating a bulwark against totalitarian regimes, and how cultural secularization has coincided with the rise of the total state.Looking for Christmas gifts? Use promo code ROTHPOD for a 20% discount on select books featured on Radio Rothbard. Or, use code MURRAYCHRISTMAS for a special 10% discount on select new Mises apparel: https://Mises.org/RR_112_StoreRecommended Reading"Why the State Exists" by Derek Dobalian: https://Mises.org/RR_112_A"The Left's Conquest of the Church" by Derek Dobalian: https://Mises.org/RR_112_B"The Unholy Trinity and the Total State" by Derek Dobalian: https://Mises.org/RR_112_C"Antonio Gramsci: The Greatest Political Strategist in History" by Daniel Ajamian: https://Mises.org/RR_112_D"Caesar Is Not God. God Is Not Caesar." by Ryan McMaken: https://Mises.org/RR_112_E"Vulnerable Before the Jealous State" by Gary North: https://Mises.org/RR_112_F"The Cost of the Enlightenment" by Daniel Ajamian: https://Mises.org/RR_112_GBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.Narrated by Millian Quinteros.
Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder.Narrated by Millian Quinteros.
We’ve conducted 99 conversations with value-creating entrepreneurs, and we’ve conducted about 100 Q&As with business school professors who research and teach value creation. Here’s a headline summary of what we’ve learned.To subscribe, visit https://mises.org/E4BPod
High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this.Narrated by Millian Quinteros.
The US monetary system is out of sorts and out of control. The authors show a path back from the inflation brink to monetary soundness.Narrated by Millian Quinteros.
While high-quality automobiles and other manufactured goods are being produced in the Southeast, northeastern states like New York are falling behind, thanks to progressive governance.Narrated by Millian Quinteros.
The January 6 trials remind us violence against a person or property should be prosecuted as exactly that, and not as a special category of crime against the regime.Narrated by Millian Quinteros.
Hunter Hastings of Economics for Business joins Jeff for a thoroughgoing discussion of how monetary and fiscal policy distort capital markets and create perverse incentives for financialization rather than real production.Jeff Deist, "Does M&A benefit the economy?": https://Mises.org/HAP373-ARothbard's America's Great Depression: https://Mises.org/AGDThe Economics for Business Podcast: https://Mises.org/E4Bpod
Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Tho Bishop and Ryan McMaken discuss the recent report that the Pentagon has failed its fifth straight audit and why no one seems to care. Why has the public lost interest in basic fiscal sanity? How recent is this problem? What might force Americans to care?Looking for Christmas gifts? Use promo code ROTHPOD for a 20% discount on select books featured on Radio Rothbard. Or, use code MURRAYCHRISTMAS for a special 10% discount on select new Mises apparel: https://Mises.org/RR_111_StoreRecommended Reading"As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on 'Defense'" by Ryan McMaken: https://Mises.org/RR_111_A"Can a Deeply Unserious America Fix Its Economy?" by Jeff Deist: https://Mises.org/RR_111_B"Biden's Defense Plan: Limitless Global Meddling" (War, Economy, and State podcast): https://Mises.org/RR_111_CAmerica: From Republic to Empire (video series): https://Mises.org/RR_111_DThe Betrayal of the American Right by Murray N. Rothbard: https://Mises.org/RR_111_EBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession.Narrated by Millian Quinteros.
On this episode of War, Economy, and State, Ryan McMaken and Zachary Yost take a look at the Biden Administration's new National Security Strategy. The Biden plan is to intervene everywhere and always across the entire globe. In fact, the plan absurdly says "nothing is beyond" the US's capacity to remake the global order.Additional Resources"National Security Strategy, October 2022" (PDF): https://Mises.org/WES_05_ABe sure to follow War, Economy, and State at https://Mises.org/WES.
Politicians calling for student loan forgiveness or free college tuition have failed to understand the larger consequences of unlimited student lending. Henry Hazlitt would have understood.Narrated by Michael Stack.
For families and friends gathering for Thanksgiving this year, many will assemble in a room called the "dining room." This is a modern luxury made possible by the bourgeois merchants of old.Narrated by Michael Stack.
It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.Narrated by Millian Quinteros.
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.Narrated by Millian Quinteros,
For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed!Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the topic of nationalism and the role it can play in political decentralization. In his recent book, Breaking Away: The Case for Secession, Radical Decentralization, and Small Polities, Ryan notes how nationalist sentiments have helped ethnic, religious, and linguistic groups resist centralizing political states, such as the Soviet Union. This contrasts the ways nationalism served as a centralizing force in 19th-century Europe. Ryan and Tho look at how recent nationalist sentiments are challenging authoritarian globalist pressures, as well as how strengthening regional and state cultural identities may offer the best chance to roll back the Washington regime in America.Looking for Christmas gifts? Use promo code ROTHPOD for a 20% discount on select books featured on Radio Rothbard. Or, use code MURRAYCHRISTMAS for a special 10% discount on select new Mises apparel: https://Mises.org/RR_110_StoreRecommended ReadingBreaking Away: The Case for Secession, Radical Decentralization, and Small Polities by Ryan McMaken: https://Mises.org/RR_110_A"Is Nationalism a Good Thing? It Depends." by Ryan McMaken: https://Mises.org/RR_110_B"Mises on Nationalism, the Right of Self-Determination, and the Problem of Immigration" by Joe Salerno: https://Mises.org/RR_110_CBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Jeff and Bob break down the good, bad, and ugly behind Elon Musk's purchase of Twitter.
Federal Reserve officials, for all of their alleged wisdom and education, have a knowledge problem. Hayek and other Austrians could have told them their grandiose plans will fail.Narrated by Millian Quinteros.
Is there a case to be made for universal basic income? David Gordon examines the pro-UBI arguments by philosopher Matt Zwolinski.Narrated by Millian Quinteros.
Supporters of US microchip policy against China claim the policy is "strategic," but in reality, it is old-fashioned protectionism with all the usual economic damage.Narrated by Millian Quinteros.
American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.
Narrated by Millian Quinteros.
Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing.
Narrated by Millian Quinteros.
Brands are prized by corporations as significant value-driving economic assets. Brands help customers enjoy more valuable experiences, raising willingness-to-pay levels and thus improving cash flows — higher cash flows as a result of higher prices, faster cash flows because branded products tend to turn faster than their non-branded counterparts, longer lasting cash flows because brands have longevity in customers’ perceptions, and less volatile cash flows because brand loyalty can smooth out the effects of economic booms and busts.
For these reasons, corporations invest in brands and brand building. Catherine Kaputa makes the case that individuals should invest in themselves as brands, and makes the tools of brand-building available to individuals for personal brand-building: the brand of you.
Show notes: https://mises.org/library/catherine-kaputa-brand-you
The New Brand You: How to Wow in the New World of Work by Catherine Kaputa: https://Mises.org/E4B_198_Book
Find your own brand positioning (https://Mises.org/E4B_198_Test) on https://SelfBrand.com
"Ten Personal Brand Positioning Strategies" (PDF): https://Mises.org/E4B_198_PDF
The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures.
Narrated by Michael Stack.
Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money.
Narrated by Michael Stack.
Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses.
Narrated by Michael Stack.
All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.
Narrated by Michael Stack.
Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending.
Narrated by Millian Quinteros.
One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage. That hasn't happened.
Narrated by Millian Quinteros.
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
Narrated by Millian Quinteros.
As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.
Narrated by Michael Stack.
Jeff and Bob record a special Thanksgiving episode for Money Talk 1010 AM on what it really takes to fix the US economy. Mark Thornton on the coming economic crisis: https://Mises.org/HAP371A Listen to Jeff on Money Talk 1010 every Thursday at 9:00am ET: https://Mises.org/MoneyTalk
The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.
Narrated by Michael Stack.
On this episode of War, Economy, and State, Ryan McMaken and Zachary Yost check in on the Russo-Ukrainian war to examine Russia's strength, the US's blank check, and the prospects of World War III.
Additional Resources
"NATO: Our International Welfare Queens" by Ryan McMaken: https://Mises.org/WES_04_A
"A Brief History of Pundits Encouraging Nuclear War" by Ryan McMaken: https://Mises.org/WES_04_B
"The NATO Treaty Does Not Give Congress a Bye on World War III" by Michael J. Glennon: https://Mises.org/WES_04_C
"U.S. Mutual Security Treaties: The Commitment Myth" by Michael J. Glennon: https://Mises.org/WES_04_D
Be sure to follow War, Economy, and State at https://Mises.org/WES.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at conman Sam Bankman-Fried, the scam of FTX, and how regime legitimacy has fueled several fraudulent companies with unprofitable business practices.
Did post-2008 monetary policy fuel a bubble in "effective altruism?" Do examples like Elon Musk's restructuring of Twitter offer an illustration of what Big Tech firms will have to do to survive in a time of less-than-easy money, or will the regime bailout out the corporate extensions of techno-managerialism? What killed Silicon Valley's once-promising techno-libertarian style? Ryan and Tho look at this and more on this episode of Radio Rothbard.
Looking for Christmas gifts? Use promo code ROTHPOD for a 20% discount on select books featured on Radio Rothbard. Or, use code MURRAYCHRISTMAS for a special 10% discount on select new Mises apparel: https://Mises.org/RR_109_Store
Recommended Reading
"How Easy Money Fueled the FTX Crypto Collapse" by Ryan McMaken: https://Mises.org/RR_109_A
"Sound Money Is Our Best Hope Against the Monopolists' Threat" by Brendan Brown: https://Mises.org/RR_109_B
"How Fiat Money Enriches the Unproductive" by George Ford Smith: https://Mises.org/RR_109_C
"Without Easy Money, the Tech Sector Faces Layoffs and Losses" by Ryan McMaken: https://Mises.org/RR_109_D
"The Housing Boom Is Already Over. The Housing Shortage Will Continue." by Ryan McMaken: https://Mises.org/RR_109_E
"Will the FTX Scandal Bring Down 'Crypto'?" by Jeff Deist and Bob Murphy (video): https://Mises.org/RR_109_F
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.
Narrated by Michael Stack.
Business success goes beyond numbers and planning and finance acumen. There’s an emotional component to it, ranging from the courage to make decisions without knowing the outcomes in an uncertain future, to the resilience of weathering storms and coping with unanticipated crises. There is also, of course, the joy of achievement and goal-attainment. There’s a concept identified as emotional intelligence that individuals and teams can cultivate as an element of a mental model that’s well-aligned with business performance and positive business outcomes.
Show notes: https://mises.org/library/phil-johnson-entrepreneurs-demonstrate-special-emotional-intelligence
Phil Johnson on LinkedIn: https://Mises.org/E4B_197_LinkedIn
Phil Johnson’s Zoom Calendar: https://Mises.org/E4B_197_Zoom
Videos from alumni of Phil Johnson’s MBL (Master Of Business Leadership) Program: https://Mises.org/E4B_197_MBL
UC Berkeley Study, EQ>IQ: https://Mises.org/E4B_197_Paper
One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.
Narrated by Michael Stack.
Lutheran theologian Reinhold Niebuhr attracted numerous followers in postwar America in part because of his attacks on the free market. Perhaps he should have read Mises.
Narrated by Michael Stack.
Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression."
Narrated by Michael Stack.
The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.
Narrated by Millian Quinteros.
Jeff and Bob discuss whether the FTX scandal will be used to justify new "crypto" regulations or even the creation of a central bank digital currency. Caitlin Long and Sam Bankman-Fried debating leveraging Bitcoin: https://Mises.org/HAP370A Mises on circulation credit vs. commodity credit: https://Mises.org/HAP370B President of the Minneapolis Fed Neel Kashkari on CBDCs: https://Mises.org/HAP370C
In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all.
Narrated by Millian Quinteros.
All too often, people equate their nationality with a particular state. Yet, as Mises noted, nationality does not depend at all upon a formal entity tied to a government.
Narrated by Millian Quinteros.
Ryan McMaken and Tho Bishop talk with economic anthropologist Jovana Diković about how a focus on "solving" global warming endangers the food supply for much of the globe, especially in the developing world. Even rich nations face a world of less food at higher prices.
Use promo code ROTHPOD for a 20% discount on Ryan McMaken's new book Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities: https://Mises.org/RR_108_Book
Recommended Reading
"Environmental and Political Elites Are Destroying Food Production for Climate Goals" by Diković: https://Mises.org/RR_108_A
"Eat or Heat: Europeans Already Are Facing Previously Unthinkable Dilemmas" by Claudio Grass: https://Mises.org/RR_108_B
"Regime Pseudoscientists Enforce Climate Change Narrative" by Michael Rectenwald: https://Mises.org/RR_108_C
"Germany's (and Europe's) Self-Inflicted Upcoming Energy Crunch" by Weimin Chen: https://Mises.org/RR_108_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Marxist regimes used to slap the word "anti-revolutionary" on everything the regimes disliked. Today's regimes use the words "undemocratic" and "anti-democratic" in the same way.
Narrated by Millian Quinteros.
Success in business — serving customers well, and achieving growth in revenues and assets with a return on capital greater than its cost over the long term — is tied to knowledge-building, whereby everyone in the company learns more and more about specialized and advantaged methods of generating value for customers. Customer value fueled by knowledge-building flows back to the company as cash flow as a result of customers’ willingness to pay (which, itself, is a piece of knowledge to be discovered through testing and experimentation).
Show notes: https://mises.org/library/bart-vanderhaegen-how-criticism-fuels-knowledge-creation-adaptive-entrepreneurial-firms
Pactify Management: https://PactifyManagement.com
Bart on Twitter: @B_Vanderhaegen
Bart’s podcast: Fallible Management (https://Anchor.fm/FallibleManagement)
Bart’s email: bart.vanderhaegen@pactifysoftware.com
Roman keynesianism that ruined the empire and destroyed the Roman economy.
Narrated by Millian Quinteros.
The dollar's petrodollar status has led the Federal Reserve to irresponsibly inflate the currency. The rest of the world has noticed and is looking for alternatives.
Narrated by Millian Quinteros.
While both the Left and Right celebrate the government's new drive to subsidize American microchip manufacturing, we should remember that political "investments" always result in crony capitalist disasters.
Narrated by Michael Stack.
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.
Narrated by Michael Stack.
It will be nearly impossible to make any real changes in Washington for the next two years. The real battles are now in the states.
Narrated by Michael Stack.
The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed.
Narrated by Michael Stack.
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans.
Narrated by Millian Quinteros.
After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful.
Narrated by Millian Quinteros.
Modern warfare is a product of the state, which engages in violence at home and abroad. Peace is possible, but only when the state loses power.
Narrated by Millian Quinteros.
Daniel McCarthy joins Jeff and Bob to consider the deep unseriousness of American politics and electorate.
Willmoore Kendall's The Conservative Affirmation: https://Mises.org/Kendall
The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether.
Narrated by Millian Quinteros.
While personal autonomy is a major topic of conversation, for Rothbard the most important thing is liberty, and liberty and autonomy are not always the same.
Narrated by Millian Quinteros.
As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us.
Narrated by Michael Stack.
The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation.
Narrated by Michael Stack.
On this episode of Radio Rothbard, Tho Bishop and Ryan McMaken break down the results of this year's midterms. American anxiety over inflation and crime failed to create the red wave many expected. While Republicans took back the House, and maybe the Senate, this year's midterms underperformed traditional midterm elections. Tho and Ryan discuss why this is, as well as what a DeSantis victory might mean for a potential civil war with Trump.
Use promo code ROTHPOD for a 20% discount on Ryan McMaken's new book Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities: https://Mises.org/RR_107_Book
Recommended Reading
"Antidemocratic Just Means Something the Regime Doesn't Like" by Ryan McMaken: https://Mises.org/RR_107_A
"The Realistic Market for Private Governance" by Jeff Deist: https://Mises.org/RR_107_B
"Murray Rothbard versus the Progressives" by Joseph T. Salerno: https://Mises.org/RR_107_C
"Breaking Away: The Case for Smaller Polities" by Ryan McMaken (video): https://Mises.org/RR_107_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible.
Narrated by Michael Stack.
As "decarbonize agriculture" becomes the watchword, powerful multinational agriculture firms have embraced the 2030 UN agenda. Their actions will result in widespread hunger.
Narrated by Michael Stack.
Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.
Narrated by Michael Stack.
A great benefit of the internet age is the capacity to accumulate, accelerate, and intensify connections between entrepreneurs, knowledge sources, investors, mentors, collaborators, and service providers. Businesses with a valid value proposition who are in the launch and early expansion phases can interconnect a network of powerful and qualified resources to support their growth. A good way to do so is to utilize a platform (another product of the internet age) designed for the purpose. Tom Malengo established a platform called Brandjectory to serve just this purpose for consumer packaged goods (CPG) startups.
Show notes: https://mises.org/library/tom-malengo-brandjectory-innovative-new-platform-launching-and-growing-entrepreneurial
Brandjectory website: https://brandjectorynow.com
Tom Malengo on LinkedIn: https://Mises.org/E4B_195_LinkedIn
As inflation advances and the economy slowly implodes, we also learn valuable lessons.
Narrated by Michael Stack.
Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing.
Narrated by Michael Stack.
Among Mises's contributions was his doctrine of consumer sovereignty in a free market.
Narrated by Michael Stack.
The Ponzi game known as selling US government debt is nearing its end. The seller is running out of suckers.
Narrated by Millian Quinteros.
At a time when inflation once again ravages the dollar, we recall Murray Rothbard's wisdom in his article "The Case for a Genuine Gold Dollar."
Narrated by Millian Quinteros.
While Elon Musk says he will bring free speech back to Twitter, the forces of statism will not be still. The jury is out on how successful Musk's experiment will be.
Narrated by Millian Quinteros.
Jeff joins Chris Casey of WindRock Wealth Management for a deep analysis of next week's punishing midterm elections.
Government economists "seasonally adjust" data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles.
Narrated by Millian Quinteros.
More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since.
Narrated by Millian Quinteros.
Florida's government promotes a "shared adversity" plan in which individuals and organizations have distant environmental problems imposed upon them.
Narrated by Millian Quinteros.
While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Tho Bishop and Ryan McMaken preview next week's midterms. How big of a red wave is on the horizon, and how much does it really matter? Should the real focus be on governor races? Can a Republican actually win in New York? And, what about Blake Masters? Ryan and Tho consider these questions and more in this week's episode.
Use promo code ROTHPOD for a 20% discount on Ryan McMaken's new book Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities: https://Mises.org/RR_106_Book
Recommended Reading
"Can National Conservatism Threaten the Regime?" by Tho Bishop: https://Mises.org/RR_106_A
"The Realistic Market for Private Governance" by Jeff Deist: https://Mises.org/RR_106_B
"Practicing Politics as Self-Defense" by L. W. Blakely: https://Mises.org/RR_106_C
"Breaking Away: The Case for Smaller Polities" by Ryan McMaken (video): https://Mises.org/RR_106_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The Gold Standard Restoration Act seeks to once again tie the US dollar to gold.
Narrated by Millian Quinteros.
As the inevitable economic downturn becomes more evident, the Fed will attempt to stop deflation. But what this economy needs is a good dose of it.
Narrated by Millian Quinteros.
In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.
Narrated by Michael Stack.
President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.
Narrated by Michael Stack.
Law Professor David Bernstein looks at the system of racial classifications in the USA and explains why they have been harmful.
Narrated by Millian Quinteros.
After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.
Narrated by Millian Quinteros.
War dissenters are branded "Putinists" by the foreign policy elites who casually flirt with nuclear war. But preferring negotiations to World War III hardly makes one a Putin sympathizer.
Narrated by Millian Quinteros.
Criticisms of hapless Senate candidate John Fetterman are labeled "ableist," while Elon Musk's takeover of Twitter is deemed fascist. Jeff and Bob take a hard look at the linguistic battlefield and the corruption of language as an institution.
Jeff's paper on language, "Evolution or Corruption?": https://Mises.org/HAP367-1 George Orwell's essay "Politics and the English Language": https://Mises.org/HAP367-2 Ken Smith's Junk English: https://Mises.org/HAP367-3 Bryan Caplan on "Privilege": https://Mises.org/HAP367-4
Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.
Narrated by Millian Quinteros.
People still come to America, but it is because of the foundation created by private enterprise, not because of progressive politics.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the Alex Jones verdict and the weaponization of defamation law. Now that Twitter is under Elon Musk's control, will the regime increasingly turn to the court system to crack down on the "dangers" posed by "misinformation"?
Use promo code ROTHPOD for a 20% discount on Ryan McMaken's new book Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities: https://Mises.org/RR_105_Book
Recommended Reading
"The Alex Jones Verdict Shows the Danger of Defamation Laws" by Ryan McMaken: https://Mises.org/RR_105_A
"Modern Information Control: State Intervention and Mistakes to Avoid by Kelly Offield: https://Mises.org/RR_105_B
"Florida's Social Media Anticensorship Law and the Court's Tortured Legal Logic" by Tate Fegley: https://Mises.org/RR_105_C
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.
Narrated by Michael Stack.
The average new home in America was still well over 50 percent larger in 2021 than in the 1960s. Yet in an age of declining affordability, governments won't let homes get smaller.
Narrated by Millian Quinteros.
Sponsored by James McMahon.
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.
Narrated by Michael Stack.
Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."
Narrated by Michael Stack.
There is a threshold of diversity below which no organization can operate with complete effectiveness. Diversity in this sense does not only include the “Big 3” DEI elements of race gender and sexual orientation, but also education, experiential background, business partner diversity, learning capabilities – all of the organizational resources that Austrian economists refer to when they talk about the creative combination and recombination of heterogeneous assets. Dr. Ella F. Washington, author of the book The Necessary Journey, joins Economics For Business to make the business case for diversity.
Show notes: https://mises.org/library/dr-ella-f-washington-very-strong-business-case-diversity
The Necessary Journey: Making Real Progress on Equity and Inclusion by Ella F. Washington: https://Mises.org/E4B_193_Book
https://TheNecessaryJourney.com
Dr. Ella F. Washington on LinkedIn: https://Mises.org/E4B_193_LinkedIn
Sponsored by Diane Johnson and Andy Hord.
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
Featuring Tho Bishop, Liam Metzger, Connor Mortell, Mitchell Robson, and Annika Wahlstedt.
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
The European electricity market is probably the most state-regulated in the world. More intervention is not going to solve the problems created by politics.
Narrated by Millian Quinteros.
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.
Narrated by Millian Quinteros.
The only lesson for the United Kingdom is to remember that if you follow Greece’s economic policies, you get Greek debt, unemployment, and growth.
Gold historically has not been money by government fiat. Instead, gold has been the natural choice of people for money, something governments cannot undo (despite its best efforts).
Narrated by Millian Quinteros.
As we watch the once proud edifice of higher education in the USA crumble, we realize that we are looking at institutional failure itself.
Narrated by Millian Quinteros.
Featuring David Gordon, Paul Gottfried, Peter Klein, and Joseph Salerno.
Sponsored by Happy Baily and Charlie Martin.
Featuring Thomas DiLorenzo, Ryan McMaken, and Thomas E. Woods, Jr..
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
While Bitcoin's S2F Model has come under some criticism, the best analysis of its flaws comes from perspective of Austrian Economics.
Narrated by Millian Quinteros.
College faculties historically have leaned left-of-center, but today, a rigid progressive ideology is enforced not only by faculty, but also by higher education administrations.
Narrated by Millian Quinteros.
Ryan McMaken and Tho Bishop talk with historian Chris Calton about student loans, "the college experience," and the lack of ideological diversity on college campuses today.
Use promo code ROTHPOD for a 20% discount on Ryan McMaken's new book Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities: https://Mises.org/RR_104_Book
Recommended Reading
"College as an Economic and Social Problem: Dealing with the Culture" by Chris Calton: https://Mises.org/RR_104_A
"Higher Education Woes: Student Loans Help Fuel Higher College Costs" by Chris Calton: https://Mises.org/RR_104_B
"Higher Education in Crisis: The Problem of Ideological Homogeneity" by Chris Calton: https://Mises.org/RR_104_C
"The Perils of Higher Education: Institutional Failure" by Chris Calton: https://Mises.org/RR_104_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Free Markets are often criticized for producing ugly, dystopian, consumer-driven landscapes, but is this true? Jeff explains how we need more than intellectual appeal to advance the cause of liberty—we need an appeal to beauty.
Watch the other talks from our 40th Anniversary Celebration: https://mises.org/SS2022
It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can't tell us much, and emphasizing them actually stands in the way of better understanding economic processes.
Narrated by Michael Stack.
Even while Americans deal with skyrocketing higher education costs, few would challenge the worth of college and fewer still question the campus culture. Yet, that is precisely where the problems lie, even if people don't recognize it.
Narrated by Michael Stack.
There are only painful options for bringing price inflation under control at this point, and that's all thanks to the Fed's creation of countless bubbles and malinvestments over the past decade.
Narrated by Michael Stack.
The modern progressive narratives claim that the wealth of the West and especially of the USA was built upon the backs of slaves. In fact, slavery retarded economic growth.
Narrated by Michael Stack.
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
The 1989 Rockford Institute meeting picture: https://Mises.org/Rockford1989
Sponsored by Angela and Roger Box.
When firms apply the principles of Austrian economics to business management, we call the result the Adaptive Entrepreneurial Method. It’s adaptive in that it is a continuous learning process, and it’s entrepreneurial in elevating customer value realization as the most important business purpose.
Show notes: https://mises.org/library/mark-mcgrath-orientation-and-adaptive-entrepreneurial-method
The "Adaptive Entrepreneurial Method" Graphic (PDF): https://Mises.org/E4B_192_PDF1
"Destruction and Creation" by John Boyd (PDF): https://Mises.org/E4B_192_PDF2
Mark J. McGrath on LinkedIn: https://Mises.org/E4B_192_LinkedIn
"Orientation: Bridging The Gap In The Austrian Theory of Entrepreneurship" (AERC 2022) by Mark J. McGrath and Hunter Hastings (PDF): https://Mises.org/E4B_192_PDF3
Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it.
Narrated by Michael Stack.
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
Sponsored by Sheri and Thomas Yengst.
The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor.
Narrated by Millian Quinteros.
This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year.
Narrated by Millian Quinteros.
The FBI operates as an agency whose players know they are untouchable in the current regime. Vacating FISA rulings is one way to fight back.
Narrated by Michael Stack.
Language is at the front lines of the battle over institutions.
Narrated by Michael Stack.
The idea of defamation as a punishable legal matter is based on the notion that people do not have free will and are not responsible for their own actions.
Narrated by Millian Quinteros.
Mainstream economists claim that Austrian economics is "discredited" because Austrians use deductive reasoning instead of employing complicated calculus and statistics. The irony is that Austrian analysis is better at explaining real-world economic phenomena.
Narrated by Millian Quinteros.
While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.
Narrated by Millian Quinteros.
Dr. Bob Murphy and Jeff Deist discuss the nauseating elevation of former Fed Chair Ben Bernanke to Nobel Prize winner.
Turkey's economy is reeling under inflation rates likely reaching 170 percent. Not surprisingly, the worst of it is felt by regular people just trying to make a living.
Narrated by Millian Quinteros.
What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
Narrated by Millian Quinteros.
A winning political strategy, especially among Democrats, is to accuse their political opponents of racism, or at least "closet" racism. Yet simple economic analysis shows such accusations are illogical.
Narrated by Millian Quinteros.
Connor Mortell joins Ryan McMaken and Tho Bishop to discuss his recent article entitled "We Are Not the Government, but America Is No Longer Anything More than the Government" and to consider what it means to be an American in the current era. As Americans become increasingly divided politically and culturally, and as those divides fuel a great migration within the country, what truly unites Americans—beyond sharing a common oppressive regime? How modern is this development? What can be done to further build on these trends, to undermine the control of that regime further? These questions and more are considered in this episode of Radio Rothbard.
Recommended Reading
"We Are Not the Government, but America Is No Longer Anything More than the Government" by Connor Mortell: https://Mises.org/RR_103_A
"College Conference Switching as Secession? A Case Study in 'Nations by Consent'" by Connor Mortell: https://Mises.org/RR_103_B
"Nations by Consent" by Murray N. Rothbard: https://Mises.org/RR_103_C
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere.
Narrated by Millian Quinteros.
The ancient Israelites were warned about the dangers of having a government that would tax them heavily and oppress them. They didn't listen.
Narrated by Michael Stack.
We are living through a particularly bad moment in history for free markets and capitalism. Government, not business, is promoted as the solution to all problems. Young people have never known any other environment, and one of the consequences is the skepticism about capitalism that they learn in school, college, and university. One solution to this problem lies in better business education — shaping how young minds think about business by shedding light on the social and individual benefits of capitalism that might otherwise be deliberately shadowed by misinformation and misdirection.
Allen Mendenhall is leading the way with a new business curriculum at Troy University.
Show notes: https://mises.org/library/allen-mendenhall-putting-humanness-and-ethics-back-business-economics
https://AllenMendenhall.com
"Corporate Wokeness Hurts The Groups It Purports To Help" (AEIR) by Allen Mendhall: https://Mises.org/E4B_191_Article1
"Troy professor: Students ‘very enthusiastic’ over anti-woke business scholars program" (Yellowhammer News) by Dylan Smith: https://Mises.org/E4B_191_Article2
Allen Mendenhall on Fox Business—"Ending Wokeism in the Corporate World": https://Mises.org/E4B_191_TV
The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector.
Narrated by Millian Quinteros.
Virtue-signaling politicians in New Jersey have banned single-use plastic bags, claiming to "help the environment." They need to read Hazlitt's Economics in One Lesson instead.
Narrated by Millian Quinteros.
Some claim that slavery was the main reason for the success of the Industrial Revolution in Great Britain, but the answer lies elsewhere.
Narrated by Michael Stack.
Until the day comes that a majority of the population wants to abolish all states, it makes sense in the meantime to look to ways that will reduce the power of states, localize that power, and take at least some of it out of the hands of some of the most powerful ruling state elites. This episode of Radio Rothbard features Ryan McMaken's talk presented at the Mises Institute 40th Anniversary Supporters Summit in Phoenix, Arizona, on October 7, 2022.
Recommended Reading
"On Secession and Small States" by Ryan McMaken: https://Mises.org/RR_102_A
"What We Mean by Decentralization" by Lew Rockwell: https://Mises.org/RR_102_B
"The European Miracle" by Ralph Raico: https://Mises.org/RR_102_C
"Nations by Consent" by Murray N. Rothbard: https://Mises.org/RR_102_D
Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense.
Narrated by Millian Quinteros.
Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract.
Narrated by Millian Quinteros.
Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states.
Narrated by Michael Stack.
Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets.
Narrated by Michael Stack.
In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one.
Narrated by Michael Stack.
UK entrepreneur and founder of the Cobden Centre Toby Baxendale joins Bob to discuss meeting Hayek, the history of economists supporting 100% reserve banking, and the tools central banks and governments will use to enact "financial repression."
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.
Narrated by Millian Quinteros.
Is there a case for an American empire? Professor Nigel Biggar of Oxford University believes so, but David Gordon sets him straight.
Narrated by Millian Quinteros.
The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve.
Narrated by Millian Quinteros.
Entrepreneurial businesses embrace adaptiveness and change, and continuous innovation enabled by flexible and responsive organizations, empowered at every level. That doesn’t mean there’s no role for managers. Inside the corporation, entrepreneurial management co-ordinates the business flow of responding to changing customer wants and preferences, so that resources are allocated and reallocated to the production activities that customers value the most. In fact, management is becoming more important, not less. Professors Peter Klein and Nicolai Foss explain entrepreneurial management in their latest book, Why Managers Matter: The Perils of the Bossless Company, and Peter Klein visits Economics For Business to highlight the key points.
Show notes: https://mises.org/library/peter-klein-what-managers-still-matter
Peter Klein’s book page: https://Mises.org/E4B_190_Klein
Why Managers Matter: The Perils of the Bossless Company by Peter Klein and Nicolai Foss: https://Mises.org/E4B_190_Book
Public Affairs book page: https://Mises.org/E4B_190_PA
Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.
Narrated by Millian Quinteros.
Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.
Narrated by Michael Stack.
Daniel McAdams of the Ron Paul Institute joins Jeff and Bob to discuss the economic and political ramifications of the Nord Stream 2 pipeline sabotage.
Read "The Economics of War" from Human Action: https://Mises.org/HAP363-1 Read a study Bob co-authored on Europe's energy crisis: https://Mises.org/HAP363-2
The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with.
Narrated by Millian Quinteros.
Ryan and Tho talk with Mises.org author and German native Rosanna Weber about the energy crisis in Germany. German policymakers have greatly worsened the ongoing energy crisis in Germany by abandoning nuclear energy and taking a hard line on Russian natural gas. Now with the damage done to the Nord Stream pipeline, German consumers face even fewer options as winter approaches.
Rosanna Weber is a graduate student in Economic History at the London School of Economics and a freelance journalist.
Recommended Reading
"Germany's Nuclear Choice: Russian Energy Crisis Forces a Reckoning" by Rosanna Weber: https://Mises.org/RR_101_A
"Eat or Heat: Europeans Already Are Facing Previously Unthinkable Dilemmas" by Claudio Grass: https://Mises.org/RR_101_B
"Europe Ditched Russian Energy. Now People Are Sitting in Line For Days to Buy Coal. Is Biden to Blame?" by Alice Salles: https://Mises.org/RR_101_C
"Germany's (and Europe's) Self-Inflicted Upcoming Energy Crunch" by Weimin Chen: https://Mises.org/RR_101_D
"The 'Stunning Success' of the Green Revolution Is Yet Another Progressive Myth" by Kristoffer Mousten Hansen: https://Mises.org/RR_101_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The surge of "progressive" prosecutors, many funded by George Soros, has been followed by increases in violent crime.
Narrated by Michael Stack.
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.
Narrated by Michael Stack.
Entrepreneurs always generate new value for customers; that’s what they get paid for. It’s not always necessary to create a new market; there are many creative ways to expand the value potential of established markets and carve out a territory in the new expanded space.
James Kent, founder of the innovative apparel brand Rogue, White and Blue, talks to E4B about the entrepreneurial value creation method he pursues in growing a distinctive and differentiated brand in what might look to outsiders like a crowded market, but which to him looks like unbounded opportunity.
Show notes: https://mises.org/library/james-kent-carving-differentiated-growth-space-well-established-market
Use the promo code E4B for a site-wide discount at https://RogueWhiteBlue.com
Officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done.
Narrated by Michael Stack.
At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens.
Narrated by Michael Stack.
An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.
Narrated by Michael Stack.
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.
Narrated by Millian Quinteros.
Joe Biden says the pandemic is over in an attempt to get a few more votes. But the administration certainly isn't acting like the "pandemic is over" in terms of actual policy.
Narrated by Millian Quinteros.
While people from poor countries seek to live in places like the USA because of its stable institutions and welfare state, could migration of people from stable countries to less-developed ones make those countries better off?
Narrated by Millian Quinteros.
Because government is predatory, it may seem ironic then to use the political system as a means of protecting one's own property, family, and loved ones. But there are times when such a strategy makes sense.
Narrated by Millian Quinteros.
Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem.
Narrated by Millian Quinteros.
Daniel McCarthy, editor of Modern Age, joins Jeff to consider the state of modern conservatism, modern libertarianism, and whether they can or cannot find common ground.
Watch Daniel's talk at the LSC 2022: https://Mises.org/LSC22-McCarthy Read The Conservative Affirmation: https://Mises.org/HAP362-1
One doubts that the so-called Inflation Reduction Act will reduce inflation. However, it will wreak havoc on the US economy with its lethal mix of taxes, regulations, subsidies, and outright crony capitalism.
Narrated by Millian Quinteros.
Winter is approaching and Europeans are facing homes without heat, thanks to the US-led sanctions against Russia. Who will carry the blame when people freeze to death?
Narrated by Millian Quinteros.
Tate Fegley joins Ryan McMaken and Tho Bishop to discuss his recent Mises Wire article, "Private Property and Customer Safety: Starbucks Learns a Hard Lesson." As businesses increasingly interject broader "social values" into their business plans, customers are increasingly forced to make difficult decisions about how to navigate their economic behavior with ideological values. What role does the ideology of the state play in the decisions behind how businesses behave? Is a battle for power an inevitable consequence of a civil rights regime? How would these things be handled if we took property rights seriously?
This and more on this episode of Radio Rothbard.
Recommended Reading
"Private Property and Customer Safety: Starbucks Learns a Hard Lesson" by Tate Fegley: https://Mises.org/RR_100_A
"The Equality Act's Attack on Religion Is Really about Private Property Rights" by Ryan McMaken: https://Mises.org/RR_100_B
"The Transgender Debate Should Be about Women’s Freedom and Private Property Rights" by Jess Gill: https://Mises.org/RR_100_C
"To Understand Economics, First Understand Private Property" by Chris Calton: https://Mises.org/RR_100_D
"Woke Capitalism Is a Monopoly Game" by Michael Rectenwald: https://Mises.org/RR_100_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The rise of democracy blurred the lines between the regime and the people it exploits. This was less of a problem under monarchs, whose interests were clearly separate from the public's.
Narrated by Michael Stack.
The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy.
Narrated by Michael Stack.
While the current political narratives claim that only Europeans were involved in the infamous transatlantic slave trade, the Africans themselves were also major players in directing and overseeing it.
Narrated by Michael Stack.
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.
Narrated by Millian Quinteros.
The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?
Narrated by Millian Quinteros.
We define entrepreneurship in terms of people working creatively to make others’ lives better. That’s a very broad statement, of course, so it’s instructive to observe how individual entrepreneurs choose to make some customers’ lives better in some specific ways by applying special skills and knowledge. Let’s call it finding an entrepreneurial focus.
Economics For Business talks to Jordan Lams, founder and CEO of Moxie, an industry pioneer in manufacturing, branding, and distributing cannabis products.
Show Notes: https://mises.org/library/jordan-lams-finding-and-patiently-developing-your-entrepreneurial-focus
https://EnjoyMoxie.com
Jordan Lams on LinkedIn: https://Mises.org/E4B_188_LinkedIn
Jordan Peterson has linked identity politics to socialism. Instead, socialism is about empowering the state.
Narrated by Millian Quinteros.
Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.
Narrated by Millian Quinteros.
Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own."
Narrated by Millian Quinteros.
While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.
Narrated by Michael Stack.
This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy.
Narrated by Millian Quinteros.
With Queen Elizabeth II lying in state at Westminster Abbey, hereditary monarchies are under attack as archaic & absurd. Has mass democracy in the West done any better? Ryan McMaken joins Jeff and Bob to discuss.
Read Ryan's Article on Monarchs: https://Mises.org/HAP361-1 Read Hoppe's Democracy: https://Mises.org/Democracy
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
Narration by Millian Quinteros.
Argentina is synonymous with hyperinflation, but apparently its voters have not had enough.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Joseph Solis-Mullen take a look at brewing debt crises in emerging markets and how the dollar still looks good when compared to other global currencies.
Recommended Reading
"How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis" by Joseph Solis-Mullen: https://Mises.org/RR_99_A
"August's Price Inflation Soared, and That Means Earnings Fell Yet Again" by Ryan McMaken: https://Mises.org/RR_99_B
"Greenspan Would Be Proud: A Lesson in Fed Speak" by Joseph Solis-Mullen: https://Mises.org/RR_99_C
"It Just Might Be Time to Listen to the Austrians" by Joseph Solis-Mullen: https://Mises.org/RR_99_D
"Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy" by Frank Shostak: https://Mises.org/RR_99_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.
Narrated by Michael Stack.
Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.
Narrated by Michael Stack.
Vaccine mandates imposed by governments violate individual rights and further the coercive powers of the state. They also violate Kantian ethical norms, turning people into vehicles to accomplish the ends of governing elites.
Narrated by Millian Quinteros.
By compensating slave owners for the abolition of slavery, Great Britain ended the scourge of chattel slavery long before it was ended in the Americas.
Narrated by Michael Stack.
Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.
Narrated by Millian Quinteros.
The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.
Narrated by Millian Quinteros.
Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a good job in the customer’s estimation. This is a completely human system, a form of human action and interaction. Business schools take the approach of mainstream economics, that mathematics is the tool of choice, expressed in data analytics, accounting, financialization, and numbers-based plans and strategies. The Austrian school approach offers a very different path. Professor Per Bylund joins the Economics For Business podcast to highlight some important differences.
Show notes: https://mises.org/library/bylund-austrian-school-approach-business-versus-business-school-approach
Austrian School Versus Business School: A side-by-side comparison (PDF): https://Mises.org/E4B_187_PDF
How To Think About The Economy: A Primer by Per Bylund: https://Mises.org/Primer
Both Murray Rothbard and Harry Jaffa began as men of the Right. However, Rothbard turned toward the view that individuals possess rights outside of the state; Jaffa turned toward conservatism.
Narrated by Millian Quinteros.
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
Narrated by Millian Quinteros.
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
Narrated by Michael Stack.
Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast."
Narrated by Millian Quinteros.
The optics of the event were likely the idea of a proud Biden staffer leaning into the “Dark Brandon” aesthetic that has become popular among regime loyalists on Twitter. To Americans outside of this Very Online echo chamber, the imagery drew connotations of sinister authoritarian regimes.
Narrated by Michael Stack.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the rhetoric surrounding the Federal Reserve. A growing chorus of pundits is attacking Jerome Powell for risking a recession, but this misses what has brought the economy to this point. Is it possible to get American attention spans to capture the true cause of our economic instability? Can monetary policy ride the wave of the current culture war? Ryan and Tho address this and more in this week's show.
Recommended Reading
"Inflation: State-Sponsored Terrorism" by Jeff Deist: https://Mises.org/RR_98_A
"Blame the Fed for Both the Inflationary Boom and the Inevitable Bust" by Ryan McMaken: https://Mises.org/RR_98_B
"Inflation Kills" (Human Action Podcast) with Jeff Deist and Robert P. Murphy: https://Mises.org/RR_98_C
"We Cannot Interpret Economic Data Unless We Know Economic Theory" by Frank Shostak: https://Mises.org/RR_98_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Bob and Jeff unravel the corrosive and nonsensical policy of "inflationism," and consider its deep cultural effects.
Read Jeff's talk from the recent Ron Paul Institute conference: Mises.org/HAP360-1
New York City’s subways have become a nightmare, with rampant crime, delays, derailments, and poorly capitalized. This is a gift from "backdoor socialism."
Narrated by Michael Stack.
Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place.
Narrated by Millian Quinteros.
Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation.
Narrated by Millian Quinteros.
Lew Rockwell, chairman and founder of the Mises Institute, speaks on the goals and future of Austrian Economics and Libertarianism.
Narrated by Michael Stack.
While we often concentrate on government agents' antiliberty actions, it is easy to overlook the shadow government of private business firms and NGOs that do the government's bidding.
Narrated by Michael Stack.
Like many modern "conservatives," F.H. Buckley believes that America's future is conservative governance with a helping of government intervention, tariffs, and regulation.
Narrated by Michael Stack.
How do new markets form? When consumers change their tastes and preferences and behaviors, how are the markets to serve them activated? The markets don’t yet exist — entrepreneurial action is required to create them. The answer to the question, of course, is that entrepreneurs — real people taking the real business risk to initiate new business experiments — provide the new energy and new initiative to create markets where previously they didn’t exist.
Jared Wall is one of these creative entrepreneurs, and https://thchempspot.com is his creation.
Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense.
Narrated by Michael Stack.
Aided by state intervention, disinformation is becoming a way of life in communications.
Narrated by Millian Quinteros.
The Mali Empire flourished as a trading center and gold-producing region from the late Middle Ages into the mid-seventeenth century.
Narrated by Millian Quinteros.
For all of the talk about "our democracy," there is a better way to protect the lives and property of people than just electing politicians. It is called sound money.
Narrated by Michael Stack.
The value of the US dollar has risen during the Ukraine war. If peace breaks out, the dollar might be one of its casualties.
Narrated by Michael Stack.
Journalist Jordan Schachtel joins the show to discuss Biden's escalating rhetoric against what he terms "ultra-MAGA" semi-fascists. Is America finally past any pretense of democracy?
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Brandan Buck, a historian on the anti-war right and a recent participant at the Rothbard Graduate Seminar. The conversation looks at the parallels between modern American politics and the political climate that gave rise to America's foreign policy in the second half of the 20th Century. How did the American right get dragged into the project of liberal imperialism? Is China the new Evil Empire? How important are figures like Tucker Carlson in questioning the war narrative? These questions and more are answered in this episode.
SPECIAL OFFER: Use coupon code RothPod at the Mises Store to save 20% off of Murray Rothbard's classic The Betrayal of the American Right: https://Mises.org/Betray.
Follow Brandan Buck on Twitter: @Brandan_Buck
Recommended Reading
"No ‘Putin apologia’ and certainly not new: the Old American Right on war" by Brandan Buck: https://Mises.org/RR_97_A
"Bear Any Burden: Military Sacrifice and Rise of American Populism" by Brandan Buck: https://Mises.org/RR_97_B
"A History of Distrust: How the Right Lost Faith in Institutions" by Brandan Buck: https://Mises.org/RR_97_C
"Fly Over Country, the Gunbelt, and the Nationalization of America Internationalism" by Brandan Buck: https://Mises.org/RR_97_D
The Betrayal of the American Right by Murray N. https://Rothbard: Mises.org/RR_97_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Every business should have an exit plan in mind from Day 1. Why? Because it’s impossible to control the timing of an exit or the changes in circumstances that might precipitate it. Venture capitalists know this, and build in their exit formulas at the time of their initial funding. Entrepreneurs should think the same way. And, like any business process, selling a business is a knowledge-based process that repays an investment in learning its techniques and critical success factors. Economics For Business talked to Jessica Fialkovich, a successful business builder in her own right, who founded Exit Factor, an advisory firm that helps entrepreneurs get the most from selling their businesses.
Show notes:
Getting The Most For Selling Your Business by Jessica Fialkovich: https://Mises.org/E4B_185_Book
https://ExitFactor.com
Jessica Fialkovich on LinkedIn: https://Mises.org/E4B_185_LinkedIn
While the antimarket and antilibertarian forces are strong, it is easy to forget that free market advocates also have a powerful set of tools.
Narrated by Millian Quinteros.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History.
This project brings together the core of Hoppe’s lifetime of theoretical work in one vital and cohesive source. Here we find provocative themes developed by Hoppe in the 1980s and 90s, particularly in his essays found in A Theory of Socialism and Capitalism and The Economics and Ethics of Private Property. We also find his devastating critique of democracy, made famous in his seminal book Democracy—The God That Failed.
This audiobook is narrated by Paul Strikwerda.
If falling enlistments are an indication of declining faith in the military overall—and especially declining support among conservatives—that's very good news.
Narrated by Michael Stack.
Not long ago, Germany's politicians were proudly phasing out nuclear power. Facing a harsh winter without Russian natural gas, the atom suddenly seems like a good alternative.
Narrated by Michael Stack.
The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place.
Narrated by Michael Stack.
Entrepreneurship is the key to real development, but cultural attitudes are often a significant barrier to entrepreneurship in the developing world.
Narrated by Michael Stack.
Clifton Duncan joins the show to discuss Joe Biden's student loan forgiveness plan, along with the broader question of whether college and student loans are still worthwhile for young people.
Jeff's Article, "Is College Worth It?": https://Mises.org/HAP358-1
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the popularizing of the term "regime" being used against the Federal government. As a recent Bulwark article notes, this change in framing can be seen in conservative politicians like Ron DeSantis, to publications like The Federalist. Ryan and Tho welcome the American right sounding more and more like Lew Rockwell, and touch on the contributions of paleoconservatives like Sam Francis.
Recommended Reading
"World War I as Fulfillment: Power and the Intellectuals" by Murray N. Rothbard: https://Mises.org/RR_96_A
"The Problem With Right-Wing Regime Talk" by Joshua Tait: https://Mises.org/RR_96_B
"The Violent Fantasies of Blake Masters" by Sam Adler-Bell (New York Times): https://Mises.org/RR_96_C
"Inside the New Right, Where Peter Thiel Is Placing His Biggest Bets" by James Pogue (Vanity Fair): https://Mises.org/RR_96_D
"The Paranoid Style in American Politics" by Richard Hofstadter (Harper’s Magazine): https://Mises.org/RR_96_E
"Secede From the Regime" with Ryan McMaken and Lew Rockwell: https://Mises.org/RR_96_F
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone.
Narrated by Michael Stack.
Do the principles of customer value generation that we espouse in our Economics For Business program apply equally for both B2C and B2B businesses? The answer is emphatically yes. B2B customers are seeking subjective value and a value experience just as B2C customers are. They have a clear sense of the things that matter to them, and those include emotional and personal values as well as price and functionality and performance.
In fact, trends that begin in the B2C domain often quickly begin to influence the B2B domain, and the alert entrepreneur can track those trends in B2C and establish an early advantage by exploring them for their business customers. Rick West has done exactly that with his business services company, Field Agent.
Show notes: https://mises.org/library/rick-west-when-b2b-goes-click-cart
Field Agent: https://FieldAgent.net
Plum: https://PlumShop.com/fa/shop
Rick West on LinkedIn: https://Mises.org/E4B_184_LinkedIn
Typical discussions about the fate of our planet center around issues like war, climate change, and sovereignty. Peter Zelhan says "the halcyon days of 1980–2015 are over."
Narrated by Michael Stack.
Advocates of the New Green Deal emphasize new "green jobs" and other benefits, but the NGD is basically a Keynesian scheme in which government allegedly spends us into prosperity.
Narrated by Michael Stack.
Elites are attacking the government of Mauritius for having lower tax rates than other African countries. The real issue is the levels of taxation in other African countries.
Narrated by Millian Quinteros.
Comic Dave Smith joins Jeff and Bob for a compelling look at the poisonous political landscape in post-goodwill America.
In this celebratory episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the fall of the Cheney and Bush dynasties and what it means for American politics. Other topics include former CIA directors declaring war on half of America, and just how much money Liz Cheney made in DC.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Western elites are using Africa as their little laboratory for renewable energy schemes. Not surprisingly, these initiatives leave Africans in poverty and their economies in tatters.
Narrated by Millian Quinteros.
If the situation were reversed and protestors had invaded the Capitol to support a left-wing candidate, we can be sure that the vocabulary used to describe the event would be quite different.
Narrated by Millian Quinteros.
How do companies make decisions? Data certainly don’t make decisions, nor do analytics, nor do the computers they run on. Human begins make decisions — the human factor is crucial. Subjectivism is paramount, even in the age of big data and A.I. The key still lies with the people who are interacting with the data to generate human insights.
Ahmed Elsamadisi is one of the leading data scientists in the world. He’s worked on self-driving cars and nuclear defense and some of the biggest business challenges on earth. He believes that it is the stories we tell from data that drive business success. We are privileged to interview him at Economics For Business podcast, and he gave us a lot of useful advice we can all use every day in managing our businesses.
Show notes: https://mises.org/library/ahmed-elsamadisi-stories-data-can-tell-us-if-we-ask-right-questions
https://Narrator.ai and its excellent blog, https://Narrator.ai/Blog
"Top Ten Signs You Have A Data Modeling Problem": https://Mises.org/E4B_183_Blog
Ahmed Elsamadisi on LinkedIn: https://Mises.org/E4B_183_LinkedIn
In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Narrated by Michael Stack.
Both progressives and conservatives are touting so-called red-flag laws as a means to prevent mass shootings. But many shootings already have occurred in states that have these laws.
Narrated by Millian Quinteros.
The recent raid on Donald Trump's Florida home is one more event in Democrats and Never Trumpers' never-ending attempt to have Trump arrested, convicted, and imprisoned. Our political classes are unleashing something that cannot be contained.
Narrated by Millian Quinteros.
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.
Narrated by Millian Quinteros.
The IRS plans to hire 87,000 new armed agents, while an FBI raid on Trump–the administration's open political rival–draws allegations of corruption. Economists and political scientists, from Mises to Robert Higgs to James Burnham to public choice scholars, explain why mission creep and abuse by state agencies is the rule rather than the exception.
Mises on the managerial state: https://Mises.org/Bureaucracy James Burnham's The Managerial Revolution: https://Mises.org/Burnham Bob Murphy Show Episode on the FBI: https://Mises.org/BMS92 Jonathan Turley on Trump being disqualified from office: https://Mises.org/HAP356-1
On top of Congress passing the "Climate Relief Bill," environmentalists also demand that President Joe Biden declare a "climate emergency" in order to seize new powers ostensibly to combat dreaded climate change. However, climate alarmism is not based on reality.
Narrated by Millian Quinteros.
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
Narrated by Michael Stack.
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world.
Narrated by Millian Quinteros.
Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop dive into the FBI's raid of Donald Trump. At a time when half the country already questions the legitimacy of the federal government, what may be the lasting consequences of this political escalation? What steps could Republican governors take if they want to be serious about reigning in the feds? And, was The X-Files the original QAnon? Ryan and Tho consider these questions and more.
Recommended Reading
"A Stasi for America" by James Bovard: https://Mises.org/RR_94_A
"Abolish the FBI" by Ryan McMaken: https://Mises.org/RR_94_B
"Trump's Potential Legacy: 50 Million+ Enemies of the State" by Tho Bishop: https://Mises.org/RR_94_C
"Yes, the FBI is America’s Secret Police" by James Bovard: https://Mises.org/RR_94_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
It’s often the case that lead users — the most sophisticated, committed, and energetic users — are an excellent source of innovation ideas. Those customers who are most engaged are thinking the most intensely and the most creatively about what they want from the usage experience. We came across a particularly instructive example: video game modders. Who are modders, what do they do, and what can we learn from them? Professor Gordon Miller has studied this important entrepreneurial phenomenon, and he joined Economics for Business to share his knowledge.
Show notes: https://mises.org/library/gordon-miller-whats-your-absorptive-capacity-user-generated-innovation
Download our free E4B PDF: "Assessing Your Firm’s Absorptive Capacity": https://Mises.org/E4B_182_PDF
The Invisible Hand In Virtual Worlds: The Economic Order of Video Games by Matthew McCaffrey: https://Mises.org/E4B_182_Book
While divine monarchy might seem illogical or archaic, it had a larger positive economic impact in society that historians have overlooked.
Narrated by Michael Stack.
The government of the United Kingdom is using coercive means to promote its dubious goals of "diversity and inclusion." In the end, freedom recedes while state power increases.
Narrated by Millian Quinteros.
Fresh off destroying the agricultural economy of Sri Lanka, the Great Reset crowd now is urging people to eat insects in order to combat the food shortages that the self-appointed elites have caused.
Narrated by Millian Quinteros.
Mention Rastafarianism and most likely Reggae, dreadlocks, and Bob Marley come to mind. However, Rastafarianism helped downtrodden Jamaicans resist the oppressions of colonialism.
Narrated by Millian Quinteros.
The news that Starbucks is closing sixteen stores due to customer safety concerns exposes the lack of police protection in cities and the problems with allowing noncustomers to remain in stores.
Narrated by Millian Quinteros.
Ryan McMaken and Zachary Yost discuss some of the strategic problems and historical oddities surrounding the relationships between the US, China, and Taiwan.
Additional Resources
"Can China Conquer Taiwan?" Radio Rothbard with Ryan McMaken, Zachary Yost, and Tho Bishop: https://Mises.org/WES_03_A
"The World at War" by Ralph Raico (Video): https://Mises.org/WES_03_B
"Victory Without Battle: A Smarter Vision for US-Taiwan Policy " by Zachary Yost (PDF): https://Mises.org/WES_03_C
Be sure to follow War, Economy, and State at https://Mises.org/WES.
Has economics fallen to politics? Court economists like Paul Krugman–we might call them "regime economists"–represent a profession in big trouble. Jeff and Bob discuss. Michael Tanner, "PIketty Gets it Wrong": https://Mises.org/HAP355-1 Bob Murphy on the economics establishment vs. Judy Shelton: https://Mises.org/HAP355-2 Jeff Deist on Nancy McLean's unprofessional attacks: https://Mises.org/HAP355-3 Bob's article with Phillip Magness on Piketty: https://Mises.org/HAP355-4
With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."
Narrated by Millian Quinteros.
Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings.
Narrated by Millian Quinteros.
As political divisions worsen in the United States, one remedy besides secession might be to create semiautonomous regional territories.
Narrated by Michael Stack.
It’s impossible to simply declare nationalism itself to be good or bad. Its goodness or badness depends primarily on its effect on existing regimes and state institutions.
Narrated by Michael Stack.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the regime's latest Orwellian word game to avoid acknowledging a recession. Is this an attempt to gaslight the country, or a reflection of economic pain being less obvious to the beltway class?
Recommended Reading
"GDP Shrinks Again as Biden Quibbles over the Definition of Recession" by Ryan McMaken: https://Mises.org/RR_93_A
"The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance" by Ryan McMaken: https://Mises.org/RR_93_B
"Yellen: Recession Doesn't Mean What You Think It Means" by Ryan McMaken: https://Mises.org/RR_93_C
"The Economy Needs a Volcker Moment" by Connor Mortell: https://Mises.org/RR_93_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The traditional approaches to the structure and management of firms are becoming barriers to customer value. The Austrian capital theory approach recognizes that all value in the corporation flows to it from the value experiences of customers. Therefore traditional organization design — centralization, hierarchies, divisions, bureaucracy, command-and-control — insofar as they are poorly aligned with customer value actually detract from the value of the firm.
There are alternative approaches to business organization, several of which we have highlighted in Economics For Business. One well-articulated alternative is The Flow System. We talked to one of the authors of the concept, Brian Rivera.
Show notes: https://mises.org/library/clone-raushan-gross-newly-emerging-and-newly-enabling-institutions-entrepreneurship
E4B Knowledge Graphic — The Flow System Guide (PDF): https://Mises.org/E4B_181_PDF
https://theflowsystem.com
https://flowguides.org
The Flow System by by John Turner, Nigel Thurlow, and Brian Rivera: https://Mises.org/E4B_181_Book
Teams That Work: The Seven Drivers Of Tea Effectiveness by Scott Tannenbaum and Eduardo Salas: https://Mises.org/E4B_181_Book2
Lest anyone underestimate the brutality of state control, the way governments have handled the covid-19 pandemic demonstrates the authorities have not yet hit bottom.
Narrated by Millian Quinteros.
Download the slides from this talk at Mises.org/MU22_PPT_45.
Recorded at the Mises Institute in Auburn, Alabama, on 30 July 2022.
Download the slides from this talk at Mises.org/MU22_PPT_44.
Recorded at the Mises Institute in Auburn, Alabama, on 30 July 2022.
Jeff Deist and Connor Mortell host an AMA during Mises University 2022 with the topic of "What You Can Do."
Featuring Joseph Becker, Anthony Cesari, Felicia Jones, and Alex Voss.
Fellowships in Residence at the Mises Institute in Auburn, Alabama, are available to graduate students and post-docs interested in scientific research in the Austrian school and libertarian political economy. For more information, visit https://Mises.org/fellows.
The Mises Institute’s Master of Arts in Austrian Economics is the first graduate program in the United States dedicated exclusively to the teaching of economics as expounded in the works and great treatises of Ludwig von Mises and Murray N. Rothbard. For more information, visit https://Mises.org/edu.
Students can also apply for scholarships to Mises Institute events at https://Mises.org/events.
Recorded at the Mises Institute in Auburn, Alabama, on 30 July 2022.
“The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended." —Frédéric Bastiat
Tho Bishop gave this talk at Mises University 2021.
Additional Resources
https://WhatHasGovernmentDoneToOurMoney.com
Watch or listen to Mises University 2022 at https://Mises.org/VMU22
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Featuring Per Bylund, Thomas DiLorenzo, Lucas Engelhardt, Sandy Klein, Robert Murphy, Patrick Newman, and Timothy Terrell.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
Featuring Mark Thornton, David Gordon, Jeffrey Herbener, Peter Klein, Jonathan Newman, Shawn Ritenour, and Joseph Salerno.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
The original Monetarists (Milton Friedman), Scott Sumner, and problems with Market Monetarism.
Download the slides from this lecture at https://Mises.org/MU22_PPT_38.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
Some principles for understanding environmental issues. Can government steer energy use decisions to improve outcomes?
Download the slides from this lecture at https://Mises.org/MU22_PPT_37.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
Inequality is a good thing in the free market. Economic equality is a disastrous government policy that leads to economic ruin for all—including the poor and workers.
Download the slides from this lecture at https://Mises.org/MU22_PPT_36.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
We live in a world of constant cronyism. Nothing seems to change, no matter the party or the people in power. Was it always like this? Can we learn from it?
Download the slides from this lecture at https://Mises.org/MU22_PPT_35.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
Higher education signaling, grade inflation, federal aid and student debt, free speech, and university bureaucracy.
Download the slides from this lecture at https://Mises.org/MU21_PPT_34.
Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2022.
Download the slides from this lecture at https://Mises.org/MU22_PPT_33.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2022.
There are two very effective ways to destroy an economy: hyperinflation and central planning.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2022.
US medical provision is far from a free market, and is a mixed bag of government and markets—as are most developed countries. Flagship programs have serious fiscal problems ahead.
Download the slides from this lecture at https://Mises.org/MU22_PPT_29.
Recorded at the Mises Institute in Auburn, Alabama, on July 28, 2022.
Is it all bad news? There is still entrepreneurship. There is still innovation.
Download the slides from this lecture at https://Mises.org/MU22_PPT_27.
Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2022.
Download the slides from this lecture at https://Mises.org/MU22_PPT_25.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Featuring Thomas DiLorenzo, Jonathan Newman, Peter Klein, Shawn Ritenour, Lucas Engelhardt, Per Bylund, and David Gordon.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Few people understand how destructive regulations are.
Download the slides from this lecture at https://Mises.org/MU22_PPT_24.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Lucas Engelhardt summarizes the basics of MMT.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Free trade allows for maximizing total number of mutually beneficial exchangers and promotes economic progress.
Download the slides from this lecture at https://Mises.org/MU22_PPT_22.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Entrepreneurship today is a movement, a welling-up of new economic creativity, combined with a great desire for economic freedom and the joys of self-reliance and discovery. The movement is newly empowered by enabling institutions that simply weren’t around a few years ago, including the internet and its digital economic platforms. Professor Raushan Gross is a great observer and great documenter of this entrepreneurial surge, and he joins the Economics For Business podcast to share some of his original and distinctive observations about the very human aspects of his new entrepreneurial studies.
Show notes: https://mises.org/library/raushan-gross-newly-emerging-and-newly-enabling-institutions-entrepreneurship
Join Economics for Business today and receive a free copy of The Emerging Institutions of Entrepreneurship eBook by Raushan Gross: Mises.org/E4B_Join
Do these characteristics give rise to monopoly power?
Download the slides from this lecture at https://Mises.org/MU22_PPT_20.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Good theory leads to better statistics and better predictions.
Download the slides from this lecture at https://Mises.org/MU22_PPT_19.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Less and less and less?
Download the slides from this lecture at https://Mises.org/MU22_PPT_17.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.
Download the slides from this lecture at https://Mises.org/MU22_PPT_16.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
Government attempts to limit “monopoly power” cannot improve well-being.
Download the slides from this lecture at https://Mises.org/MU22_PPT_15.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
Structure of production, time preference and interest, sustainable growth, unsustainable growth, overconsumption and malinvestment.
Download the slides from this lecture at https://Mises.org/MU21_PPT_14.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
Capital is the starting point of economic calculation.
Download the slides from this lecture at https://Mises.org/MU22_PPT_13.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.
Download the slides from this lecture at https://Mises.org/MU22_PPT_12.
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.
Download the slides from this lecture at https://Mises.org/MU22_PPT_11
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2022.
Entrepreneurship is a general feature of the market economy.
Download the slides from this lecture at Mises.org/MU22_PPT_07.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
Featuring Joseph Salerno, Sandra Kelin, Peter Klein, Shawn Ritenour, David Gordon, Jeffrey Herbener, and Patrick Newman. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more.
Download the slides from this lecture at https://Mises.org/MU22_PPT_06.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
"We would not expect money to be paper, national, or under the control of any entity."
Download the slides from this lecture at https://Mises.org/MU22_PPT_05.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Download the slides from this lecture at https://Mises.org/MU22_PPT_04.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
Download lecture slides at https://Mises.org/MU22_PPT_03.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation.
Download lectures slides at https://Mises.org/MU22_PPT_02.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.
Download lecture slides at https://Mises.org/MU22_PPT_01.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2022.
Mises University is the world's leading instructional program in the Austrian school of economics. Recordings of the lectures and seminars presented at the Mises Institute, 24–30 July 2022.
"A lot of what has been done in the name of 'saving lives' has taken away what it means to be human."
Includes an introduction by Jeff Deist. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2021.
Mises University is the world's leading instructional program in the Austrian school of economics. Recordings of the lectures and seminars presented at the Mises Institute, 24–30 July 2022.
One way to interpret Southern Cal and UCLA's move to switch conferences and join the Big 10 is as a form of peaceful secession.
Narrated by Millian Quinteros.
Even though the Cold War ended three decades ago, the threat of nuclear war still hangs over us. Scott Horton reminds us that preventing nuclear war should always be high on our political agenda.
Narrated by Michael Stack.
What is libertarian law and how does it function? Ludwig von Mises answered some of those questions and helped chart a path to achieving such a state of affairs.
Narrated by Millian Quinteros.
It is hard to explain through evolution how we know any necessary truths. Does this give us reason to abandon necessary truth? Nozick thinks so.
Narrated by Michael Stack.
On this episode of Radio Rothbard, Tho Bishop is joined by Mises Research Fellow Marcel Gautreau for a wide-ranging conversation about challenges to the American-dominated neoliberal order. Marcel is a PhD candidate studying economic and other policy reforms in non-liberal states and offers his perspective on how Rothbardian power-elite analysis is a tool in understanding the world's most pressing issues today. He also shares his favorite Mises U lecture.
Additional Resources "Egalitarianism as a Revolt Against Nature" by Murray Rothbard: https://Mises.org/RR_91_A
For a New Liberty: The Libertarian Manifesto by Murray Rothbard: https://Mises.org/RR_91_B
Never a Dull Moment: A Libertarian Look at the Sixties by Murray Rothbard: https://Mises.org/RR_91_C
"A Rothbardian Analysis of the Constitutional Convention" by Patrick Newman: https://Mises.org/RR_91_Video
Marcel Gautreau on Twitter: @anarchyinblack
Watch Mises University 2022 live: https://Mises.org/Live
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Connor Boyack, author of the new Tuttle Twins book America's History: 1215-1776, joins the show to make the Rothbardian case for de-bamboozling history.
America’s History: A Tuttle Twins Series of Stories: TuttleTwins.com/History Rothbard on Historical Revisionism: Mises.org/HAP353-1
June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.
Narrated by Michael Stack.
In the 1950s, McCarthyism targeted people who were accused of supporting Russia. Today's McCarthyism targets people accused of supporting … Russia. Some things never change.
Narrated by Millian Quinteros.
Progressives claim that inequality is causing poverty and making people's lives worse. In reality, inequality leads to better economic outcomes overall and pulls more people out of poverty.
Narrated by Michael Stack.
The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled.
Narrated by Millian Quinteros.
The ruling class is claiming that free markets are nothing more than a "trickle-down" scheme. But a free market system really does serve society best.
Narrated by Millian Quinteros.
The West Indies played a vital role in growing the British economy in the eighteenth century.
Narrated by Millian Quinteros.
Once wealthy Argentina has suffered under one interventionist regime after another for nearly a century. What are the prospects for changing things for the better?
Narrated by Millian Quinteros.
There is an excellent, deeply researched, Austrian economics-founded theory of customer value: the value learning cycle, which we explored thoroughly in Episode #178. How do entrepreneurs and executives apply that theory to create customers, delight them, and grow strong brands and businesses? That’s the subject of the second part of Mark Packard’s business handbook for value creation, Entrepreneurial Valuation: An Entrepreneur’s Guide To Getting Into The Minds Of Customers.
Show notes: https://mises.org/library/mark-packard-how-entrepreneurs-create-value
"Contextual In-depth Interview Technique" (PDF): https://Mises.org/E4B_179_PDF
"Interpretive Value Learning" (PPT): https://Mises.org/E4B_179_PPT
Entrepreneurial Valuation: An Entrepreneur’s Guide To Getting Into The Minds Of Customers by Mark Packard: https://Mises.org/E4B_179_Book
The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.
Narrated by Millian Quinteros.
In an attempt to stymie the spread of covid-19, the Chinese government has imposed reckless and harmful lockdown policies in several cities. This will not end well.
Narrated by Michael Stack.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Murray N. Rothbard considered No Treason (1867–1870) by Lysander Spooner "the greatest case for anarchist political philosophy ever written." This audio is of No Treason 6 (1870), the third and last installment in Spooner's series (numbers 3–5 were never published).
Narrated by Matt Pritchard.
Indian tribe sovereignty has long been a much neglected, yet important, tool in decentralizing and limiting government power in the US.
Narrated by Michael Stack.
"Repealing the twentieth century" sounds like madness to many. Yet the progressivism that came from that century will be the death knell of civilization if not stopped.
Narrated by Michael Stack.
Since the overturning of Roe v. Wade, pundits on the Left have demanded even more centralization of government. But federalism is the best way forward.
Narrated by Michael Stack.
More than sixty years after being "liberated" by Fidel Castro and communism, Cuba has become a large slave state where people enjoy little freedom.
Narrated by Millian Quinteros.
People often speak of the Constitution with reverence, as though it were infallible. However, the Constitution was a centralizing document that cast aside the decentralization of the Articles of Confederation.
Narrated by Millian Quinteros.
Keynesian economics is a scourge to any nation that tries it, and African countries are no exception.
Narrated by Millian Quinteros.
Lots of Americans now openly discuss the idea of National Divorce, focusing on the political, cultural, and social divisions in America. But what about the economics? How would issues like debt, entitlements, and defense be addressed if the US split into two or more new political entities?
Mises.org senior editor and economist Ryan McMaken joins Jeff to discuss.
Listen to Hoppe on centralization and secession: https://Mises.org/HAP352-1
While the economic sanctions against Russia are helping to impoverish people in that country, they are doing a lot of damage elsewhere too.
Narrated by Millian Quinteros.
Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.
Narrated by Michael Stack.
Groups targeted by class warriors in America will achieve more if they follow the Igbos’ path and ignore the politics of grievance.
Narrated by Millian Quinteros.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at Jill Biden's "Latinx" outreach and recent polling that illustrates a dramatic shift in political voting patterns. Are we seeing the end of the modern political party system? Do the struggles of American progressives reflect a broader global divide between secular and traditionalist politics?
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation.
Narrated by Michael Stack.
Many of the best-known civil rights leaders eschewed entrepreneurship, emphasizing that blacks seek employment in the professions and government jobs.
Narrated by Michael Stack.
The standard line among the Great Reset crowd is that capitalism exploits poor nations and causes poverty. In reality, capitalism and free markets have reduced poverty around the world.
Narrated by Millian Quinteros.
Getting into the minds of customers is the universal need of everyone in business. A new book by Mark Packard, Entrepreneurial Valuation, provides a new understanding of how customers identify value in the constant, never-ending flow of the value learning cycle. Mark joins Economics For Business for a two-part episode on how entrepreneurs can better understand value in order to delight customers.
Show notes: https://mises.org/library/mark-packard-entrepreneurial-valuation-part-1-value-learning
"Experiential Value Theory: How Customers Think About Value" (PPT): https://Mises.org_E4B_178_PPT
Entrepreneurial Valuation: An Entrepreneur’s Guide To Getting Into The Minds Of Customers by Mark Packard: https://Mises.org/E4B_178_Book
"Tools For The Value Learning Process" (PDF): https://Mises.org_E4B_178_PDF
After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.
Narrated by Michael Stack.
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
Narrated by Michael Stack.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Narrated by Michael Stack.
Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
Narrated by Millian Quinteros.
The end of Roe may force many Americans to recognize that the United States is not one place. It is many places. The key is to reject uniform federal policy.
Narrated by Millian Quinteros.
Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.
Narrated by Millian Quinteros.
When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.
Narrated by Millian Quinteros.
Jeff and Bob discuss the effect of rising interest rates on Uncle Sam's ability to service debt—and promote the increasingly less radical idea that a default on Treasury debt is both inevitable and good.
Jeff's article on rising rates: https://Mises.org/HAP351-1 House Budget Committee report on higher interest rates and US debt service: https://Mises.org/HAP351-2 Rothbard on the ethics of debt repudiation: https://Mises.org/HAP351-3
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by William Yarwood of Mallard UK (https://MallardUK.com) for a conversation about British politics. What led to the fall of Boris Johnson? What does the Prime Minister's resignation mean for Brexit? Is there anyone in British politics that is interesting? These questions and more are answered in this episode.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
US foreign policy is a morass of lobbying, payouts, decisions, and power plays that violates the standards this country claims to promote.
Narrated by Michael Stack.
The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession.
Narrated by Millian Quinteros.
Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008.
Narrated by Millian Quinteros.
The business-as-a-flow orientation embraces continuous adaptive change within the firm. Traditional slow-motion control mechanisms like strategy and planning are no longer appropriate. The new toolkit that entrepreneurs are developing includes the after action review (AAR), a learning tool rather than a misguided attempt at predictive control.
Show notes: https://mises.org/library/mark-mcgrath-after-action-reviews
E4B AAR template (PPT): https://Mises.org/E4B_177_PPT
Background reading: https://NextForge.com
"Orientation: Bridging The Gap In The Austrian Theory Of Entrepreneurship" by Mark McGrath and Hunter Hastings (AERC 2022 Paper): https://Mises.org/E4B_177_PDF1
Mark McGrath on LinkedIn: https://Mises.org/E4B_177_LinkedIn
OODA Loop: https://Mises.org/E4B_177_PDF2
Did you feel happy when the government gave you a check paid with printed money? Watch now as your daily groceries, gas and power become unaffordable.
Narrated by Millian Quinteros.
The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.
Narrated by Millian Quinteros.
Neither the Ukraine war nor tough weather changes would threaten a global food shortage in a normal market environment. Unfortunately, world markets are riddled with regulations, killing production.
Narrated by Michael Stack.
Ben Bernanke once claimed that a monetary gold standard caused economic instability. He failed to mention that his fiat money standard causes the boom-and-bust cycles.
Narrated by Millian Quinteros.
As antigun studies surface left and right, it's worth remembering that the right to self-defense isn't merely about being safe. It's about having the choice to defend yourself.
Narrated by Millian Quinteros.
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
Narrated by Michael Stack.
Although social media is blamed for many social ills, the sickness doesn't come from Twitter or Facebook but from how the ruling classes have politicized life itself.
Narrated by Michael Stack.
Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences.
Narrated by Michael Stack.
When it comes to energy and the environment, Americans not only get the wrong facts, arguments, and narratives–they get the wrong philosophy. Alex Epstein, who recently published perhaps the most important book of our time, joins Jeff and Bob to explain.
Get Alex's new book Fossil Future: https://Mises.org/Fossil
The proabortion centralist line of "accept our definition of human rights, or else" is what we'd expect from the imperialists of old who claimed the "savages" in the colonies couldn't be trusted with self-government.
Narrated by Michael Stack.
In this episode of Radio Rothbard, Jeff Deist and Ryan McMaken talk police, guns, gun control, and the 2nd Amendment.
Recommended Reading
"Uvalde's Biggest Mistake Was Trusting the Police to Keep Us Safe" by Ryan McMaken: https://Mises.org/RR_84_A
"Politicizing Mass Shootings Only Guarantees There Will Be More of Them" by Bill Anderson: https://Mises.org/RR_84_B
"Police Botched the Uvalde Standoff. Now Gun Controllers Want to Give Police More Power." by Ryan McMaken: https://Mises.org/RR_84_C
"Just How Common Are School Shootings?" by Ryan McMaken: https://Mises.org/RR_84_D
"End the Incorporation Doctrine" by Ryan McMaken: https://Mises.org/RR_84_E
"Police Have No Duty to Protect You, Federal Court Affirms Yet Again" by Ryan McMaken: https://Mises.org/RR_84_F
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
A strange strand of thought has emerged in European political economy circles that has been given the name of The Entrepreneurial State. The headline claim is that the state (i.e., nation state governments) can and should intervene in the economy to bring about innovation, and that, indeed, it is absolutely necessary for grand, mission-driven undertakings such as climate change amelioration and the commercial development of next-generation technologies. Economics For Business talked to Christian Sandström, co-editor with Karl Wennberg, of Questioning The Entrepreneurial State, a compendium of analysis by thirty-two leading economists to demonstrate the fallacies of the case for an entrepreneurial state. There’s a lot of sound economics to be learned from Professor Sandström’s book.
Show notes: https://mises.org/library/christian-sandstrom-why-governments-cant-act-entrepreneurially
Questioning the Entrepreneurial State: Status-quo, Pitfalls, and the Need for Credible Innovation Policy, edited by Karl Wennberg and Chris Sandström (PDF and ePub): https://Mises.org/E4B_172_Book
"The Digital Platform Economy Index" (PDF): https://Mises.org/E4B_172_PDF
Chris Sandström on Twitter: @ChrisSandström
Recorded at Maggiano's Little Italy in Orlando, Florida, on May 14, 2022.
Special thanks to Greg and Julann Roe for sponsoring this event.
Featuring Tho Bishop, Demelza Hays, Patrick Newman, and Peter St. Onge.
Recorded at Maggiano's Little Italy in Orlando, Florida, on May 14, 2022.
Special thanks to Greg and Julann Roe for sponsoring this event.
Recorded at Maggiano's Little Italy in Orlando, Florida, on May 14, 2022.
Slides used in this talk are available here: https://mises.org/Orlando22-Murphy
Special thanks to Greg and Julann Roe for sponsoring this event.
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.
Narrated by Millian Quinteros.
While the covid-19 pandemic brought sickness and death, another pandemic raged through Washington: abuse of executive power.
Narrated by Michael Stack.
While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement.
Narrated by Millian Quinteros.
Jeff and Bob take a look at the misnamed "World Economic Forum" and its conference this past week in Davos, focusing on their recently published report.
Read the WEF's Chief Economists Outlook: https://Mises.org/WEF22
The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon.
Narrated by Michael Stack.
The Europeans are welcome to keep NATO going if they like. But the time has come for the United States to exit.
Narrated by Millian Quinteros.
While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital.
Narrated by Millian Quinteros.
The presence of American companies in foreign nations was once seen as a sign of American superiority and an instrument of American cultural power. Not anymore.
Narrated by Millian Quinteros.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop consider progressivism as a form of modern colonialism. The response to the prospects of the Supreme Court overturning Roe vs. Wade has highlighted the degree to which the American left—particularly those that reside in major blue cities—can't live with the concept of other areas of the country not abiding by what they see as moral absolutes. Ryan and Tho look at how this tension is shaping the modern political landscape, and they discuss the history of this impulse towards "liberal" centralization.
Recommended Reading
"The New Postliberalism" by Jeff Deist: https://Mises.org/RR_83_A
"Federal Control of Abortion Laws Is Modern Colonialism" by Ryan McMaken: https://Mises.org/RR_83_B
"The Clash of Metropolis and Colony" by Charles and Mary Beard: https://Mises.org/RR_83_C
"Why the US Supports Secession for Africans, but Not for Americans" by Ryan McMaken: https://Mises.org/RR_83_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.
Narrated by Michael Stack.
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
Narrated by Michael Stack.
How do businesses actually manage — rather than plan for — continuous change?
The increasing adoption of systems thinking in business tells us that the world is changing very fast, and companies need to change at least as fast as their environment in order to thrive. It’s comfortable to talk about but hard and uncomfortable to do. Most people prefer to continue to do what they’re used to rather than embrace change and constant experimentation.
There’s a lot to be learned from the military where special forces are trained to specialize in rapid reaction in chaotic or VUCA (volatile, uncertain, complex and ambiguous) worlds. They face an ever-changing environment (often described as kinetic). They have a very pure evolutionary process: what wins, survives. While the military organization is hierarchical, military operations are flat so that tactical decisions can be made by the people on the ground.
While we are anti-war, we can nevertheless recognize that the military has experience and expertise in managing and organizing for continuous change. We can learn from it.
Show notes: https://mises.org/library/ben-ford-situational-awareness-and-managing-constant-change
"Apply Situational Awareness To Manage Change" (PDF): https://Mises.org/E4B_171_PDF
Ben Ford’s website, where you’ll find his Mission Control services: https://MissionCtrl.dev
Ben Ford’s LinkedIn page, with a lot of presentations and recordings to learn from: https://Mises.org/E4B_171_LinkedIn
The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.
Narrated by Michael Stack.
Trying to interpret the actions of Vladimir Putin or politics in Russia using Western narratives is likely to end in failure.
Narrated by Millian Quinteros.
Why did Barbados postslavery develop a more robust economy than Jamaica even though the people had similar ethnic backgrounds?
Narrated by Millian Quinteros.
With the shortage have come the usual half-baked bromides about "evil corporations" and how they aren't regulated enough. The real fault lies with welfare statists, Trump-style protectionists, and the FDA.
Narrated by Millian Quinteros.
Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues.
Narrated by Millian Quinteros.
Sanctions are promoted as a response to international aggression. Yet, sanctions themselves are a form of aggression that, like war, usually have unhappy endings.
Narrated by Millian Quinteros.
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Narrated by Michael Stack.
Enforceable and accepted private property rights can help bring some solutions to the acrimonious debate over transgenderism and transgender rights.
Narrated by Millian Quinteros.
Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.
Narrated by Michael Stack.
We spend a lot of time on this show talking about central banking. This week we talk about central bankers themselves, from Powell to Brainard to Lagarde to Greenspan. Robert Aro joins.
On this episode of Radio Rothbard, Tho Bishop is joined by JP Cortez of the Sound Money Defense League (https://SoundMoneyDefense.org). JP, a Mises U alum, talks about the ongoing legislative battles over money at the state level. Which states are doing the most to challenge the Fed? What are some of the most important policies worth fighting for in the future?
To learn more about the Monetary Metals scholarship, visit https://MoneyMetals.com/Scholarship.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.
Narrated by Michael Stack.
France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.
Narrated by Millian Quinteros.
In the first episode of this new podcast, Ryan McMaken and Zachary Yost discuss NATO, Turkey, Russia, and why the USA needs to leave it all behind.
Be sure to follow War, Economy, and State at https://Mises.org/WES.
Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com
Proponents of arming Ukraine against Russia call critics "isolationists" as a pejorative term. But these "entangling alliances" have a history of sad endings with tragic results.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Innovation in organization is at least equal in importance to technological innovation and product / service innovation. It tends to get less attention, which is a great opportunity for imaginative entrepreneurs to implement change for competitive advantage. Dr. Annika Steiber has studied organizational innovation for over twenty years and is a global authority. She shares her insights with Economics For Business, including her analysis of the most dramatic organizational innovation of all, Rendanheyi.
Professor Steiber’s most recent book is Leadership For A Digital World (https://Mises.org/E4B_170_Book1), and is her most comprehensive guide yet for business management in the digital age. She’s the author of eleven books, including The Google Model (https://Mises.org/E4B_170_Book2) and The Silicon Valley Model (https://Mises.org/E4B_170_Book3).
Her Menlo College Rendanheyi Silicon Valley webinars are available at https://Menlo.edu/Webinars.
Show notes: https://mises.org/library/annika-steiber-rendanheyi-most-radically-disruptive-organizational-innovation
"Six Organizational Principles for Adaptive Entrepreneurial Models" (PDF): https://Mises.org/E4B_170_PDF
Rendanheyi Silicon Valley Center: https://Mises.org/E4B_170_Rendanheyi
Menlo College Rendanheyi Silicon Valley Webinars: https://Menlo.edu/Webinars
Menlo College Digital Management Courses and Webinars: https://Executive.Menlo.edu
Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.
Original article: https://mises.org/wire/fed-gets-it-wrong-money-velocity-too
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
In the face of the coming hardship, central bankers and globalist institutions are going to demand more power to respond to the crisis they created. Bitcoin gives their political opponents a weapon against them.
Original article: https://mises.org/wire/el-salvador-africa-next-currency-war-pits-populists-against-bankers
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Colonialism, imperialism, unfair trade, and more. African politicians look everywhere for the causes of Africa's poverty and chaos but in the mirror.
Original article: https://mises.org/wire/african-politicians-must-stop-blaming-others-africas-economic-woes
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Would you give up voting in exchange for no more taxes? Stephan Livera joins the show to discuss the curious distinction between economic freedom and personal or political freedoms, and how we weigh those freedoms.
The Fraser/Cato Human Freedom Index: https://Mises.org/HFI The Heritage Index of Economic Freedom: https://Mises.org/IEF
Here we are in 2022, worrying about if the world's oldest nuclear powers will be the ones to touch off a global nuclear war. It's not Pakistan or North Korea or "proliferation." It's Washington and Moscow, yet again.
Original article: https://mises.org/wire/proliferation-isnt-problem-legacy-nuclear-powers-again-threaten-globe
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Social issues, from abortion to critical race theory to teaching gender identity in elementary schools, dominate our politics and media.
Original article: https://mises.org/wire/why-social-issues-dominate
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss recent inflation news, broader chaos in financial markets, and another round of funding for Ukraine.
Recommended Reading
"Inflation Up, Wages Down as Biden Passes the Buck to the Do-Nothing Fed" by Ryan McMaken: https://Mises.org/RR_81_A
"From El Salvador to Africa, the Next Currency War Pits Populists against Bankers" by Tho Bishop: https://Mises.org/RR_81_B
"Biden: Inflation Is Everybody’s Fault but Mine" by Ryan McMaken: https://Mises.org/RR_81_C
"Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine" by Daniel Martin: https://Mises.org/RR_81_D
"Forget What the 'Experts' Claim about Deflation: It Strengthens the Economy" by Frank Shostak: https://Mises.org/RR_81_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The partisan leftism of much of the tech industry has led to conservatives calling for state intervention in the digital sphere. Elon Musk's recent purchase of Twitter proves this was wrong.
Original article: https://mises.org/wire/austrians-have-been-correct-about-big-tech-elon-musk-just-proved-them-right
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
In the final days of the Soviet Union, the Washington establishment was convinced nationalism was a greater threat than Soviet despotism. Thus, George Bush tried to prop up the USSR and prevent Ukrainian secession.
Original article: https://mises.org/wire/1991-when-america-tried-keep-ukraine-ussr
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.
Original article: https://mises.org/wire/no-its-not-putin-price-hike-no-matter-what-joe-biden-claims
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.
Original article: https://mises.org/wire/postcovid-america-racked-inflation-americans-pay-too-much-drugs
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The EU is a prime example of a tendency toward territorial expansion and political centralization.
Original article: https://mises.org/wire/decentralized-and-neutral
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality.
Original article: https://mises.org/wire/disneys-special-district-not-city-state-or-private-city
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Is there any industry a passionate entrepreneur can’t improve and enhance by elevating the customer experience? The answer is clearly no. Economics For Business talks to Jeff Arnold, who finds insurance fun, exciting, and a source of inspiration, and who is advancing profitably towards the new future he’s imagining, where buying insurance is so enjoyable that customers will stop shopping on price and clamor for the new experience he is designing.
Show notes: https://mises.org/library/jeff-arnold-passionate-entrepreneur-profitably-redesigns-insurance-experience
Jeff Arnold’s author page on Amazon.com: https://Mises.org/E4B_169_Author
Jeff’s website, Ambassador For The Insurance Industry: https://JeffArnold.com
The Art Of The Insurance Deal by Jeff Arnold: https://Mises.org/E4B_169_Book
https://RightSure.com
Propping up congressional deficit spending, juicing equity markets, and constantly recapitalizing commercial banks are the Fed’s true mandates.
Original article: https://mises.org/power-market/inflation-quick-and-dirty
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Jeff is solo this week and hosts Tom Woods to ask a simple question: Why do social issues dominate our attention, to the detriment of economics and fiscal reality?
Read Jeff's article "Why Social Issues Dominate" https://Mises.org/Dominate
In 1991, Ukrainians held an election and voted for secession. Today we’re supposed to cheer that. But to suggest something similar for a region of the United States? Well, we’re told that’s just plain wrong.
Original article: https://mises.org/wire/you-support-ukraines-independence-then-you-support-secession
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
With members of Congress claiming that the Russian invasion of Ukraine somehow threatens the US homeland, it is time to tell the truth about the military threats to this nation.
Original article: https://mises.org/wire/where-truth-hidden-debating-current-state-us-armed-forces
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In this episode of Radio Rothbard, Mises Graduate Program Provost and Constitutional law attorney Joe Becker joins Tho Bishop to break down the leaked opinion of the Dobbs case, potentially overturning Roe v. Wade. Joe provides a thorough breakdown of the logic behind the Alito opinion, and the two look at the impact this could have on American institutions broadly.
Recommended Reading
Leaked draft decision, Dobbs v. Jackson Women's Health Organization (PDF): https://Mises.org/RR_80_A
"End Roe v. Wade: It's Time to Defederalize Abortion Policy" by Ryan McMaken: https://Mises.org/RR_80_B
"Why Social Issues Dominate" by Jeff Deist: https://Mises.org/RR_80_C
"Before Roe v. Wade, Abortion Had Always Been a State and Local Matter" by Ryan McMaken: https://Mises.org/RR_80_D
Mises Institute Graduate Program: https://Mises.org/edu
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Will Japan ever change course on its negative interest rates? Only if voters begin to realize that the lack of inflation to date in Japan is simply good luck.
Original article: https://mises.org/wire/why-yen-fell-while-dollar-rallied
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.
Original article: https://mises.org/wire/how-did-cnn-get-canned-netflix-austrian-economists-might-have-answer
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Moscow has used naturalization and immigration to effect demographic change and encourage conflict between ethnic groups in neighboring states. It has proven to be an effective foreign policy tool.
Original article: https://mises.org/wire/how-russia-uses-immigration-and-naturalization-grow-state-power
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Why did Europe advance economically in the postmedieval period? Bas Spliet looks to the writings of Ralph Raico and Hans-Hermann Hoppe for answers.
Original article: https://mises.org/wire/decentralization-and-rise-west-european-miracle-revisited
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Politicians have become accustomed to conjuring whatever they want through the “miracle” of printing money. But in the real world, it’s still necessary to produce oil and gas through actual physical production.
Original article: https://mises.org/wire/fight-russia-europes-regimes-risk-impoverishment-and-recession-europe
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency.
Original article: https://mises.org/wire/why-saudi-arabia-wont-abandon-dollars-yuan
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Markets are marvelous. They’re the poetry of economics. They are one of the most remarkable technologies humans have ever built. Beautiful businesses develop new markets both outside and inside the firm. We discuss markets with Anthony J. Evans, a business school professor who teaches that all businesspeople must become economists.
Show notes: https://mises.org/library/anthony-j-evans-markets-managers-and-entrepreneurs
Economics: A Complete Guide For Business by Anthony J. Evans: https://Mises.org/E4B_168_Book
https://AnthonyJEvans.com
Johnny Vedmore is an independent journalist from Cardiff, Wales. He discusses his masterful article on Klaus Schwab's mentors, including Henry Kissinger and John Kenneth Galbraith.
Find show notes and links mentioned in this episode at https://mises.org/BMS238
Washington regards the entire world as its "sphere of influence." But now Beijing is looking to follow the US playbook on hegemony and expand Beijing's network of military bases abroad.
Original article: https://mises.org/wire/expect-washington-throw-fit-over-chinas-new-deal-solomon-islands
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The standard bureaucratic line after a program's failure is that the government agents didn't have enough authority or resources to handle the job. Neither explains the failure of Trump's Paycheck Protection Program.
Original article: https://mises.org/wire/no-more-bureaucracy-would-not-have-saved-trumps-paycheck-protection-program
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
For many years, conservatives have held the FBI as being nearly infallible. It is time to rethink this devotion to a federal agency that pursues its own political agendas.
Original article: https://mises.org/wire/it-time-end-fixation-federal-law-enforcement
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Imposing economic sanctions upon Russia is tantamount to throwing gasoline on a raging fire. The sanctions will not end the Russian invasion of Ukraine and only will make things worse.
Original article: https://mises.org/wire/economic-sanctions-against-russia-are-destructive-and-counterproductive-we-must-oppose-them
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Reparations is a buzzword in the present political climate, but most plans involve an expansion of the welfare state. But there is a form of reparations that is legitimate.
Original article: https://mises.org/wire/reparations-government-imposed-property-theft-are-justified-and-necessary
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
For all the talk of decolonialization, many Third World countries that became independent set up regulatory regimes that mirrored their former "mother" country.
Original article: https://mises.org/wire/conservatism-decolonization
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
America's Cold War relationships have created conditions for very hot wars to take place. The current war in Ukraine is part of that sorry Cold War legacy.
Original article: https://mises.org/wire/theres-reason-george-washington-warned-against-entangling-relationships
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
This week Jeff is solo with very special guest Jimmy Rogers, the famed investor, Alabama native, and fan of Austrian economics.
The war on free speech has been given a boost by a new legal theory called "reckless associations," the "leaders" of an association that allegedly harms someone else are declared liable for that harm.
Original article: https://mises.org/wire/reckless-associations-ruling-class-creates-new-legal-theory-stifle-free-speech
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jordan Peterson is turning his eye toward Austrian economics. Unlike the many conservatives who see free market advocacy as some sort of "dangerous fundamentalism," Peterson seems to get it.
Original article: https://mises.org/wire/jordan-peterson-austrian-economics-free-markets-are-profoundly-equitable
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Our friend Saif, known to the world as Dr. Saifedean Ammous, joins Jeff and Bob Murphy for a demolition of the pseudo-economics behind Green energy.
Read Saif's The Fiat Standard: Mises.org/FiatStandard Saif's paper 'Energy Systems and the Knowledge Problem: The Case of Biofuels': Mises.org/SaifEnergy
Michael Rectenwald takes on the progressive canard of "socialism for the rich, capitalism for the poor," in which the government protects the wealthy but throws everyone else to the tender mercies of rapacious capitalism.
Original article: https://mises.org/wire/great-reset-vii-capitalism-rich-and-socialism-poor
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Among the states that performed the best during the pandemic were lockdown-light states like Utah and Florida. Among the states with the worst outcomes were lockdown-heavy California, New Mexico, New Jersey, and New York.
Original article: https://mises.org/wire/new-covid-study-shows-lockdown-heavy-states-had-some-worst-health-results
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Arguments for equal pay are popular in our body politic, but what happens if some of those arguments are based upon the faulty logic of the labor theory of value?
Original article: https://mises.org/wire/are-equal-pay-arguments-based-upon-labor-theory-value
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
There’s a lot of speculation about the future of work — what form it will take, where it will be done, and who will do it (including the robots versus humans debate). We talk to Mo Hamzian, an entrepreneur who is not just theorizing about the future of work, but building newly imagined workspaces that combine spatial design with technology and custom services, making elite workspaces available to everyone.
Show notes: https://mises.org/library/mo-hamzian-everyone-deserves-best-workplace
Mo’s LinkedIn page: https://LinkedIn.com/in/MoHamzian
Mentioned by Mo as a worthwhile mentoring site: https://GrowthMentor.com
VEL website: https://MyVEL.com
The quickest way to discredit an intellectual opponent is to accuse that person of being a "conspiracy theorist." But what happens when real conspiracies occur?
Original article: https://mises.org/wire/do-conspiracies-really-exist-murray-rothbard-thought-so
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Bob critiques the economic views of Yuval Harari, who predicts “useless people” because of technological advances. Bob then showcases similar thinking from right-wingers. He ends by addressing a common critique of the Christian God.
Find show notes and links mentioned in this episode at https://mises.org/BMS237
Disney's special legal status in Florida is reminiscent of the mercantilist corporations of old. They were granted favors at the expense of ordinary businesses who did not enjoy the favor of state officials.
Original article: https://mises.org/wire/disneys-corporate-welfare-modern-mercantilism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It is interesting that the founder and leader of the market monetarists declared in January 2020 that the world was about to enter a "golden age" of low inflation for the Federal Reserve.
Original article: https://mises.org/wire/keynesians-and-market-monetarists-didnt-see-inflation-coming
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
A libertarian view of the law by definition means that there can be no immunity from legal consequences. Anything else perverts the very meaning of law.
Original article: https://mises.org/wire/sovereign-immunity-antilaw-state-must-make-restitution-its-victims
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order.
Original article: https://mises.org/wire/do-institutions-play-role-promoting-economic-growth-short-yes
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Despite the Left's denials that Hitler was a socialist, a careful reading of his writings and speeches tells a different story. His sympathies lay with the workers, not the bourgeoisie.
Original article: https://mises.org/wire/no-hitler-was-not-closet-capitalist
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
This week Jeff is solo with very special guest Jimmy Rogers, the famed investor, Alabama native, and fan of Austrian economics.
Trying to understand the Russian invasion of Ukraine from the exclusive viewpoint of modern Western democracy is to ignore the long history of authoritarian leadership in Russia.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the controversy around recent Florida education reforms. Why does it benefit the state to erode the family structure, and what can be done to combat it?
Recommended Reading
"Why Marxist Organizations Like BLM Seek to Dismantle the Western Nuclear Family" by Bradley Thomas: https://Mises.org/RR_78_A
"Don't Blame Capitalism for the Decline of the Extended Family" by Ryan McMaken: https://Mises.org/RR_78_B
"How Wage Work Liberated Women (and Men)" by Ryan McMaken: https://Mises.org/RR_78_C
"Why Do Socialists Hate Families?" by Jonathan Newman: https://Mises.org/RR_78_D
"Can Libertarians Have Communal Property?" by Ryan McMaken: https://Mises.org/RR_78_E
Leftism: From de Sade and Marx to Hitler and Marcuse by Erik von Kuehnelt-Leddihn: https://Mises.org/RR_78_F
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.
Original article: https://mises.org/wire/political-upheaval-not-threatening-our-democracy-our-democracy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The standard line with progressives is that unless government controls medical care, prices will skyrocket. But what if the free market model costs less than government-directed care?
Original article: https://mises.org/wire/how-fully-private-no-insurance-hospitals-help-common-man
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The Biden administration in its desire to "save" the planet from climate change has decided to destroy one of this country's most productive and important industries in the process, putting the US economy itself in jeopardy.
Original article: https://mises.org/wire/destroying-america-save-it-bidens-nihilistic-destruction-energy-industry
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
From globalization to sanctions, to international institutions like the UN, the US is leading a small global fragment that's little more than NATO and a handful of friends. Meanwhile, two-thirds of the global economy isn't signing on.
Original article: https://mises.org/wire/rules-based-international-order-dead-washington-killed-it
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
To what extent should entrepreneurial businesspeople concern themselves with macro-economic variables? At E4B, our point of view is: not much. We don’t believe you can fully trust the data, we don’t believe you should put much credence in the interpretations of it, and we encourage businesses to concentrate on serving customers and generating value.
We made an exception this week to discuss the phenomenon of the inverted yield curve, because it might, conceivably, have some immediate effect on businesses and their customers. We talked with Dr. Murray Sabrin, author of Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide.
Show notes: https://mises.org/library/murray-sabrin-what-entrepreneurs-do-when-yield-curve-inverts
Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide by Murray Sabrin: https://Mises.org/E4B_166_Book
"Financial Capital Options For Businesses at All Stages" (PDF): https://Mises.org/E4B_166_PDF
Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?
Original article: https://mises.org/wire/we-still-havent-reached-inflation-finale
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The sanctions against Russia have the potential to spiral into something much larger. Indeed, many governments are using the current conflict as an opportunity to further push "green energy," rearmament, and other big-spending schemes.
Original article: https://mises.org/wire/heavy-sanctions-against-russia-could-usher-wider-economic-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
In a recent episode of “The Problem With Jon Stewart,” the former Daily Show host asks former president of the Kansas City Fed Thomas Hoenig why the Fed couldn’t have bailed out homeowners, or just “quantitative ease” away the Treasury’s debt. Hoenig gives muddy answers, so Bob tries to clarify.
Find show notes and links mentioned in this episode at https://mises.org/BMS236
Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases.
Original article: https://mises.org/wire/real-wages-fall-again-inflation-surges-and-fed-plays-blame-game
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
While the battlefield results are mixed, much of the action in the Russia-Ukraine war is happening beyond the warring countries.
Original article: https://mises.org/wire/after-more-month-fighting-where-do-things-stand-russia-ukraine-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Jeff and Bob discuss the mechanics—and pain—required to put an end to inflation.
Read Bob's Understanding Money Mechanics: https://Mises.org/Mechanics
Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false.
Original article: https://mises.org/wire/do-inflationary-expectations-cause-inflation-contra-krugman-answer-no
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a look back at previous statements by current members of the Fed. For years, the Fed said the biggest problem was a lack of inflation. Now, with inflation at historic heights, is there any reason to believe the Federal Reserve is prepared for what to do next?
Recommended Reading
"The Fed Who Cried Growth" by Jonathan Newman: https://Mises.org/RR_77_A
"We Still Haven't Reached the Inflation Finale" by Brendan Brown: https://Mises.org/RR_77_B
"Real Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game" by Ryan McMaken: https://Mises.org/RR_77_C
"Do Inflationary Expectations Cause Inflation? Contra Krugman, the Answer Is No" by Frank Shostak: https://Mises.org/RR_77_D
"The Fed Can't Fix the Economy, but It Can Break It" by Jon Wolfenbarger: https://Mises.org/RR_77_E
"Kashkari Said What?" by Robert Aro: https://Mises.org/RR_77_F
Understanding Money Mechanics by Robert P. Murphy: https://Mises.org/BobMoney
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.
Original article: https://mises.org/wire/and-now-really-bad-response-political-calamity-autarky
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Russian oligarchs, American pols, and state-connected billionaires are all cut from the same cloth: they didn't earn, or fully earn, their wealth and position in society. We must withdraw our sanction of these people.
Original article: https://mises.org/wire/wrong-elites
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Recorded at Barber Motorsports Park in Birmingham, Alabama, on April 2, 2022.
Special thanks to Mark Walker for sponsoring this event.
Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.
Original article: https://mises.org/wire/fed-cant-fix-economy-it-can-break-it
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.
Original article: https://mises.org/wire/if-ukraine-joins-eu-it-will-be-poorest-member-far
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Recorded at Barber Motorsports Park in Birmingham, Alabama, on April 2, 2022.
Slides used during this talk: https://cdn.mises.org/Thornton-Bham22.pptx
Special thanks to Mark Walker for sponsoring this event.
Recorded at Barber Motorsports Park in Birmingham, Alabama, on April 2, 2022.
Slides used during this talk: https://cdn.mises.org/Bylund-Bham22.pptx
Special thanks to Mark Walker for sponsoring this event.
What drives customer behavior and customer choices? It’s the existential question for business; you’ve got to know the answer. But it’s a mystery, hard to unlock. The solution to this answer lies in what market researchers call insights, based on the Austrian deductive method that we summarized in episode #164 with Per Bylund (Mises.org/E4B_164). In episode #165, we talk to Darshan Mehta, a lifelong professional in the field, an advisor to global and local brands, an originator of insights technology, and a deep thinker in the field.
Show notes: https://mises.org/library/darshan-mehta-insights-are-game-changers-business
Getting To Aha! Why Today’s Insights Are Tomorrow’s Facts by Darshan Mehta: https://Mises.org/E4B_165_Book
https://iResearch.com
Contextual In-Depth Interview Method: https://Mises.org/E4B_165_Contextual
Episode 33 "Isabel Aneyba: Listening From the Heart and the Techniques of Empathy": https://Mises.org/E4E_33
It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.
Original article: https://mises.org/wire/why-its-looking-more-1970s-1950s
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Do the low inflation rates mean that the purchasing power of Japanese and Swiss citizens has increased relative to other countries over time? The answer seems to be no.
Original article: https://mises.org/wire/what-causes-exceptionally-low-inflation-japan-and-switzerland
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.
Original article: https://mises.org/wire/european-environmentalists-have-made-energy-independence-impossible
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Rothbard the historian explained so well how the true progressive goal was always to remake America domestically by promoting war.
Original article: https://mises.org/wire/rothbard-todays-progressive-war-jingoism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting.
Original article: https://mises.org/wire/nato-our-international-welfare-queens
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.
Original article: https://mises.org/wire/commodities-do-not-cause-inflation-money-printing-does
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation.
Original article: https://mises.org/wire/inflation-isnt-what-experts-say-it-confusion-terms-deliberate
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Jeff and Bob discuss whether America has its own oligarchs instead of Hoppe's "natural elites."
Hoppe's essay https://mises.org/Hoppe338 Jeff on the wrong elites: https://mises.org/WrongElites Bob on Piketty's bad inequality numbers: https://mises.org/Bob338
Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves.
Original article: https://mises.org/wire/lockdowns-not-pandemic-created-havoc
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.
Original article: https://mises.org/wire/state-its-oligarchs-all-way-down
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop mock the self-awareness of beltway foreign policy experts lamenting Putin's challenge to "rules-based international order." With countries like India and Brazil increasingly unwilling to follow the lead of America and the West in sanctioning Russia—and actively pointing out the hypocrisy of the US regime—we may be witnessing the end of the post-Cold War unipolar world.
Recommended Reading
"The Rules-Based International Order Is Dead. Washington Killed It." by Ryan McMaken: https://Mises.org/RR_76_A
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
"Think better, think Austrian" is the mantra we have adopted for our Economics For Business project. Economics is a way of thinking. It’s conceptual, and its concepts can help businesses to make better decisions. The most important business decisions are those that pertain to the generation of value for customers, since that is the purpose of the firm. We talk with economist Dr. Per Bylund about exactly how the Austrian way of thinking helps businesspeople in every role to think better, and the business benefits that ensue.
Show notes: https://mises.org/library/bylund-think-better-think-austrian-how-guide
"Think Better, Think Austrian" How-To Guide (PDF): https://Mises.org/E4B_164_PDF
"Per Bylund on Opportunity Costs": https://Mises.org/E4E7
Jeff talks to Keith Weiner of Monetary Metals about why gold still plays a major role in the global economy.
Listen to Bob's interview with Keith at https://mises.org/BMS234 Find out more about Monetary Metals at https://monetary-metals.com
Keith Weiner is founder and CEO of Monetary Metals, an investment firm that pays interest on gold, and the founder of the Gold Standard Institute USA. Weiner's mission is to provide entrepreneurial services and education to help restore gold as the world's money par excellence.
Find show notes and links mentioned in this episode at mises.org/BMS234
Capitalism is often blamed for the effects of policies that aren't capitalism. This is why we need a better definition of capitalism.
Original article: https://mises.org/library/whats-name-why-definition-capitalism-matters
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Bob and Jeff get into the weeds of Disney's shareholders, revenues, and holdings in light of the company's recent spat with Florida Governor Ron DeSantis.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at Ryan's article, "NATO: Our International Welfare Queens," breaking down how American taxpayers are subsidizing European militaries. The two also look at the increasingly aggressive positions taken by smaller NATO members, and the consequences this could have as the Russia-Ukraine conflict continues.
Recommended Reading
"NATO: Our International Welfare Queens" by Ryan McMaken: https://Mises.org/RR_75_A
"European Environmentalists Have Made Energy Independence Impossible" by Daniel Lacalle: https://Mises.org/RR_75_B
"It All Comes Back to NATO" by Ron Paul: https://Mises.org/RR_75_C
"Is NATO a Dead Man Walking?" by José Niño: https://Mises.org/RR_75_D
"We Must Now Learn the Lesson of 1914, Not the Lesson of 1938." by Ryan McMaken: https://Mises.org/RR_75_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The late Dr. Thomas Szasz, who was well known to libertarians, believed using coercion to treat psychiatric patients was a form of torture. He left a legacy of freedom in a profession that has all but abandoned liberty.
Original article: https://mises.org/wire/dr-thomas-szaszs-campaign-against-psychiatric-coercion-and-therapeutic-state
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The agriculture industry is largely running as a planned economy. When the power to make decisions is delegated to bureaucrats rather than to those impacted, mismanagement is a given.
Original article: https://mises.org/wire/how-agriculture-bureaucrats-are-manipulating-food-prices-and-our-diets
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Beijing only ever really wanted Moscow around as a way to balance against Washington. But with the US being seen to overtly seek to punish Beijing, this will now only move it closer to Moscow.
Original article: https://mises.org/wire/harder-line-beijing-lets-hope-not
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Europe would have been immeasurably better off had its regimes chosen compromise instead of "countering aggression" in 1914. Sometimes this lesson is heeded, as when the US refused to intervene in 1956 and 1968.
Original article: https://mises.org/wire/we-must-now-learn-lesson-1914-not-lesson-1938
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
There are only two ways human cooperation occurs: through voluntary means or through coercion. The free market stands for voluntary cooperation; coercion and violence are the means of the state.
Original article: https://mises.org/wire/markets-are-peaceful-state-not
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The United States is no longer in any position to remake the world in its image. It's not 1945 or even 1970. Yet the US seems to be gearing up to bully half the world into compliance with the US Russia sanctions.
Original article: https://mises.org/wire/will-biden-sanction-half-world-isolate-russia
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The medical care industry is so restrictive of individual freedoms — those of both of doctors and patients — that we can legitimately classify it as tyrannical. As is always the case, the solution will come from entrepreneurship, the creative and innovative response of individuals, doctors and teams and firms and their new business models to the dissatisfactions of patients and users of today’s system.
Joe Matarese is one of those innovative individuals. In episode #162 of the Economics for Business podcast, he described the nature and cause of the problem. In episode #163, he surveys the entrepreneurial solutions, some of which are beginning to emerge and some of which still lie in the future.
Show notes: https://mises.org/library/joe-matarese-entrepreneurial-solutions-medical-tyranny-part-two
"Entrepreneurial Solutions to Medical Tyranny" (PDF): https://Mises.org/E4B_163_PDF
Medicus Healthcare Solutions: https://MedicusHCS.com
It has been more than fifty years since Egyptian strongman Gamal Abdel Nasser died, but his unfortunate legacy of imposing socialism on Egypt still harms the nation and its economy.
Original article: https://mises.org/wire/egypt-still-haunted-its-ghosts-socialism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A funny thing has happened on the way to accepting the standard ruling-class narrative on the war in Ukraine: inconvenient and unpleasant facts about the region and its recent history.
Original article: https://mises.org/wire/facing-unpleasant-facts-what-you-arent-supposed-say-about-war-ukraine-0
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob continues his series, this time focusing on the creepy worldview of WEF speaker Yuval Harari, and further reviews Schwab's book on COVID-19 and the Great Reset.
Find show notes and links mentioned in this episode at https://mises.org/BMS233
States continue to seek new ways to make the financial system an “economic chokepoint” enabling the state to crack down on specific organizations, individuals, or activities.
Original article: https://mises.org/wire/wests-russia-sanctions-show-why-states-want-weaponize-financial-system
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Those gloating about Russia being "cut off" are overstating the case. In fact, many of the world's largest countries have shown a reluctance to participate in the US's sanction schemes, and even close US allies aren't going along with it.
Original article: https://mises.org/wire/russia-isnt-nearly-isolated-washington-wants-you-believe
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
From the Volga Germans to the Armenians of the Ottoman Empire to the Spaniards and the Mennonites, choosing emigration as a means of avoiding military conscription has a long history.
Original article: https://mises.org/wire/america-has-long-been-haven-draft-dodgers-foreign-lands
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Today, progressives govern by the law of good intentions, and when government has good intentions, the results, no matter how disastrous, don't matter.
Original article: https://mises.org/wire/love-fear-and-law-good-intentions
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The scientific method requires free and open dissent from any scientific hypothesis. Yet JAMA is requesting that medical boards become a new Inquisition to root out heresy and apostasy from CDC doctrines.
Original article: https://mises.org/wire/real-scientific-inquiry-requires-dissent-thats-not-what-cdc-and-jama-want
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jeff and Bob discuss the dynamics of the housing market in the context of a recent talk by Alex Pollock.
"Hazlitt, Hayek, and How the Fed Made Itself into the World's Biggest Savings and Loan": https://mises.org/PollockAERC
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss whether Lindsey Graham is the worst member of the US Senate. The two carefully compare him to other terrible American senators — including Mitch McConnell and Tom Cotton — before settling on a definite conclusion.
Also on this episode, Ryan and Tho identify a silver lining to the Senate's Supreme Court confirmation hearing.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Imposing sanctions will advance the reach of surveillance capitalism while strengthening the power of states to control the financial system overall. The end result will be a lower standard of living and a less free economy.
Original article: https://mises.org/wire/wests-russia-sanctions-could-lead-many-unpredictable-and-unpleasant-outcomes
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do.
Original article: https://mises.org/wire/age-covid-were-reminded-unjust-law-no-law-all
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.
Original article: https://mises.org/wire/canceling-american-athletes-punish-russia-1980-moscow-olympics-boycott
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Medical care in the US exemplifies how the perverse effects of accumulated, self-reinforcing economic errors can render a system dysfunctional for consumers. As CEO of Medicus Healthcare Services, Joe Matarese has seen the current system from the inside — working and interacting with thousands of hospitals and thousands of providers, primarily doctors, around the country, dealing with processes, bureaucracies, government reimbursement procedures, and the full gamut of the producer side of the medical care system. In Part 1 of a two-part podcast series, he gives us the informed insider’s view.
Show notes: https://mises.org/library/joe-matarese-medical-tyranny-and-its-entrepreneurial-solutions-part-1-problem
"Entrepreneurial Solutions to Medical Tyranny" (PDF): https://Mises.org/E4B_162_PDF
Medicus Healthcare Solutions: https://MedicusHCS.com
Sanctions remain popular because they placate the voters who insist "we" must "do something," and government officials are more than happy to accept this invitation to grow state power.
Original article: https://mises.org/wire/why-sanctions-dont-work-and-why-they-mostly-hurt-ordinary-people
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
In many ways, the liberal democracy that had its roots in nineteenth-century liberalism seems to have run its course. Can we revive it, or does something more authoritarian take its place?
Original article: https://mises.org/wire/progressives-liberal-democracy-has-failed-radical-decentralization-answer
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
President Harding wanted to see the end of war and a return to a more traditional American foreign policy.
Original article: https://mises.org/wire/triumphant-foreign-policy-warren-g-harding
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The Ukrainian regime thinks it knows better than husbands and fathers when it comes to caring for their families. But no bureaucrat ought to be allowed to make such a decision.
Original article: https://mises.org/wire/ukraines-regime-now-kidnapping-fathers-military-service
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Trade war means increasing the debt, eroding the public confidence, raising prices, and burdening the economy with interventions. All of it done in the name of the "public good."
Original article: https://mises.org/wire/there-no-winner-trade-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jeff and Bob Murphy talk about the state of gross economic ignorance in America today.
Lessons for The Young Economist: https://Mises.org/YoungEcon Understanding Money Mechanics: https://Mises.org/BobMoney
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about this year's Austrian Economics Research Conference and the value of interdisciplinary approach.
Watch AERC at https://Mises.org/LIVE
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Zombie companies, which were already a problem in 2019, have not only not been killed off but have multiplied. The zombie apocalypse could be closer than we imagine.
Original article: https://mises.org/wire/covid-panic-brought-even-more-economic-zombification
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Bloomberg suggests that individuals should not be permitted to make their own stock selections because they are not "qualified" to make such decisions. Instead, governments should help direct their investment choices.
Original article: https://mises.org/wire/should-government-be-your-stockbroker-maybe-so-says-bloomberg
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Socialization of the economy led to immediate disaster. In 1920–21, Bolshevik agrarian policy culminated in a famine with an impact unparalleled in modern European history.
Original article: https://mises.org/wire/socialist-economies-are-impossible-lessons-russia-1917-22
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The new cold warriors are gaslighting the public on military spending, claiming spending isn't "keeping up." They want hundreds of billions in new taxpayer dollars.
Original article: https://mises.org/wire/war-party-wants-new-cold-war-and-money-comes-it
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Progressives will write the history of covid to hide the mistakes of progressive "experts" and to distance themselves from disastrous or pointless policies. They've done it before.
Original article: https://mises.org/wire/how-progressives-will-write-history-covid
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
More than critiquing vaccines, this book exposes Anthony Fauci’s career as a case study in crony capitalism. The key players are the government regulatory agencies headed by Fauci.
Original article: https://mises.org/wire/anthony-fauci-master-medical-crony-capitalism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
This week, Jeff and Bob discuss oil prices. Why are gas prices spiking in the US, and what are D.C. politicians planning for oil companies?
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the economic consequences of Russia's invasion of Ukraine. What has been the damage from America's weaponization of the dollar? Is Russia likely to return to the gold standard? What may be the fallout in Europe?
Recommended Reading
"Can Government Successfully Counter Recessions Through Expansionary Policies? Don't Count on It" by Frank Shostak: https://Mises.org/RR_72_A
"Sanctions against Russia Are the Lockdowns of 2022" by Tho Bishop: https://Mises.org/RR_72_B
"The Steep Cost of Sanctions for Europe and Russia" by Daniel Lacalle: https://Mises.org/RR_72_C
"The Economy May Be Finally Peaking, and the Fed Won't Help Matters" by Brendan Brown: https://Mises.org/RR_72_D
"Why Sanctions Don't Work, and Why They Mostly Hurt Ordinary People" by Ryan McMaken: https://Mises.org/RR_72_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Bob continues his series on Klaus Schwab and the Great Reset, highlighting an interesting remark in Biden's SOTU, Strobe Talbott's open support for global government, and the introduction to Schwab's book on Covid-19 and the Great Reset.
Find show notes and links mentioned in this episode at https://mises.org/BMS232
Price inflation has been accelerating upward since April of last year. Yet the Fed has done virtually nothing. What's the Fed waiting for?
Original article: https://mises.org/wire/inflation-40-year-high-fed-too-afraid-act
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Here in Canada, the trucker protesters (and their supporters) have been civil and maintained the usual Canadian niceness. This civility has not been reciprocated by the political class.
Original article: https://mises.org/wire/report-canada-regime-lying-about-truckers
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
History is a clash between the forces of liberty and the proponents of power. In Cronyism, Patrick Newman offers a compelling and important narrative on the early days of the American republic, and the rise of a Federal regime that conquers a nation conceived in liberty.
Narrated by Scott R. Pollack
Entrepreneurs can realize their goal to think better, think Austrian by taking a systems thinking approach. We can ditch linearity and hierarchies in favor of distributed networks and webs of causality and create better knowledge — more aligned with the real world — and better mental models. Professors Laura and Derek Cabrera of Cabrera Research Lab and Cornell University — leading authorities on systems thinking — speaks to Economic For Business on the application of systems thinking for entrepreneurs, and everyone.
Show notes: https://mises.org/library/laura-and-derek-cabrera-systems-thinking-business
"How to Become A Systems Thinker" (PDF): https://Mises.org/E4B_160_PDF1
"Practical Systems Thinking Actions and Behaviors" (PDF): https://Mises.org/E4B_160_PDF2
Systems Thinking Made Simple: New Hope for Solving Wicked Problems by Derek and Laura Cabrera: https://Mises.org/E4B_160_Book
Cabrera Research Lab: https://CabreraResearch.org
With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired."
Original article: https://mises.org/wire/elections-now-decide-who-can-operate-your-car
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In a remarkable pivot, the White House now says, “We’ve not been pro-lockdown—most of the lockdowns actually happened under the previous President.”
Original article: https://mises.org/wire/white-house-now-says-it-never-really-wanted-lockdowns
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In Orwellian fashion, if you want freedom, that makes you a "racist" and a "fascist." So, it is assumed by our overlords to be "fascism" when truckers protest for the freedom to earn a living.
Original article: https://mises.org/wire/canadian-truckers-battle-against-covid-tyranny
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The evolution from gold standard to gold exchange standard to the dollar fiat system is one based largely on deception and broken promises.
Original article: https://mises.org/wire/todays-fiat-dollar-standard-founded-lies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
SEZs are loopholes, and capitalism breathes through loopholes. But like all loopholes, they tend to benefit those who can afford to hire the lawyers who can identify said loopholes.
Original article: https://mises.org/wire/what-would-mises-have-thought-special-economic-zones
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Although covid cases in Austria—and most other countries—are rapidly falling, Austria has doubled down on punishing the unvaccinated and become the first country to mandate vaccination for all adults.
Original article: https://mises.org/wire/austria-doubles-down-forced-vaccinations
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jeff and Bob discuss Biden's SOTU, the immorality of sanctions, and Fed Chair Powell's Pregnant Comments.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the fallout from the first week of the Ukraine-Russian conflict. What is the impact on American politics? Are Western leaders capable of de-escalation? What will be the lasting impact on other geopolitical fronts?
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop look at the connection between the imperialism of the Jacksonians and the corruption of America as an "empire of liberty." As manifest destiny — and the annexation of Texas — brings the United States to the Pacific Ocean, and the issue of slavery heightens sectional differences in Washington, the party of Jackson and Van Buren comes to embrace many of the same policies that it was created to tame.
Recommended Reading
"Shadow Imperialism: American Filibusters in Latin America" by Chris Calton — https://Mises.org/LP11_A
"The Folly of 1845: Texas and the Evils of Annexation" by Ryan McMaken — https://Mises.org/LP11_B
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Rory Sutherland, Vice-Chairman Ogilvy UK, is a peerless marketing authority, revered throughout the business world. He published a blogpost with the title "Wanted — an Austrian School of Marketing." In praxeology, subjective value theory, customer sovereignty, and ordinal value stacks, he identified the building blocks of a marketing approach for our digital age. We talk about it in Economics For Business #159.
Show notes: https://mises.org/library/rory-sutherland-austrian-school-marketing
"The Austrian School Of Marketing" (PDF): https://Mises.org/E4B_159_PDF
Rory Sutherland's blog post: "Wanted — an Austrian School Of Marketing": https://Mises.org/E4B_159_Blog
Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life: https://Mises.org/E4B_159_Book
Rory Sutherland on YouTube: "Praxeology: Time To Rediscover A Lost Science" (There’s a special frame at 8:10): https://Mises.org/E4B_159_Video
On this episode of Radio Rothbard, Tho Bishop interviews Norm Singleton, senior fellow of the Market Institute (https://MarketInstitute.org) and former legislative director for Congressman Ron Paul. Tho and Norm discuss the experience of being an Austro-libertarian within the belly of DC, the challenges Dr. Paul faced in office, and what Norm sees as some of the most important battles in Washington today.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop look at the record of the Jackson Administration on trade, spending, and corporate privilege, and how it tied into a larger shift within the Anglosphere.
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Bob explains the friendly exchange he had with Dave Smith regarding the new Johns Hopkins study that concluded lockdowns did little to reduce mortality. Smith had tweeted that in a sane world, all those favoring lockdowns would be publicly disgraced, while Bob argues that these studies are so open-ended that people on both sides can reasonably ignore those that disagree with their preferred conclusions.
Find show notes and links mentioned in this episode at https://mises.org/BMS230
Entrepreneurship-as-design is brought to life in a wonderful conversation with Mark Romera, who conceived, designed and brought to market a values-driven vision of kids having fun playing in their backyards, via an impeccably crafted brand named Spimbey.
Show notes: https://mises.org/library/mark-romeras-globally-orchestrated-entrepreneurial-design-journey
Mark Romera’s "Entrepreneurial Journey as a Design Process" (PDF): https://Mises.org/E4B_158_PDF
See the completion of the journey: https://Spimbey.com
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Ash Navabi, a Canadian economist. Ash breaks down the differences in culture and political traditions between the US and Canada, and offers his take on the clash between the Freedom Convoy protests and the Trudeau regime.
Recommended Reading
"Canada Nice No Longer: Trudeau's Totalitarian Response to Trucker Protests" by Mitch Nemeth: https://Mises.org/RR_70_A
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Wokism and US foreign policy should not be viewed as isolated phenomena but rather inextricably linked concepts given the US’s universalist foreign policy modus operandi.
Original article: https://mises.org/wire/wokism-could-provoke-global-anti-american-backlash
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
General Andrew Jackson, fresh off the election of 1828, assumes the office of the presidency, armed with a battle plan to bring down the institutions he blames for the corruption of the republic: America's National Bank.
In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop look at the Jacksonians' embrace of executive power and their battle against Nicholas Biddle of the Second Bank of the United States.
Recommended Reading
"Bureaucracy and the Civil Service in the United States" by Murray Rothbard — https://Mises.org/LP9_A
"The War on Cash: Old and New" by Louis Rouanet — https://Mises.org/LP9_B
A Short History of Paper Money and Banking in the United States by William Gouge — https://Mises.org/LP9_C
The Jacksonian Persuasion: Politics and Belief by Marvin Meyers — https://Mises.org/LP9_D
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Bob has Steve Patterson back on the show, to concede that Steve's skepticism of higher mathematics was right all along. Specifically, Bob explains how his recent discovery of a theorem from Riemann showed that something is indeed rotten in the way mathematicians typically handle infinite sets.
Find show notes and links mentioned in this episode at https://mises.org/BMS229
The terminology of complex adaptive systems sounds academic and abstruse, but the subject is not: it’s about the real-life, in-your-face problems and challenges that face a business every day. The secret to solving the challenges of complexity is adaptation. Luca Dellanna, a business expert on the subject, joins Economics For Business to explain how any firm and all management teams can harness the power of adaptation.
Show notes: https://mises.org/library/luca-dellanna-power-adaptation-managing-complexity-every-day
"Managing Adaptive Systems" (PDF): https://Mises.org/E4B_157_PDF
The Power of Adaptation: A Guide to Bottom-up Growth that Lasts by Luca Dellanna: https://Mises.org/E4B_157_Book
Teams Are Adaptive Systems: 12 Principles For Effective Management by Luca Dellanna: https://Mises.org/E4B_157_Book2
Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb: https://Mises.org/E4B_157_Book3
Real wages are going down. Debt is skyrocketing. The economy has only partly recovered from an economic disaster. This isn't the "historic growth" Joe Biden wants you to think it is.
Original article: https://mises.org/wire/bidens-historic-growth-no-such-thing
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
For the covid despots, anyone who objected to government commands was the equivalent of a heretic who must be condemned or banished from every place except the cemetery.
Original article: https://mises.org/wire/media-war-canadian-truckers-freedom-public-enemy-number-one
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A recent New York Times article featuring economist Stephanie Kelton and her book on Modern Monetary Theory garnered criticisms, but not from the usual sources.
No less than economist Larry Summers, former Treasury secretary and Harvard president, weighed in to criticize the Times for giving credence to MMT (he likened it to "quack cancer cures").
Reliably leftwing economics writer Noah Smith chimed in on substack to call MMT a "fringe ideology" and lambaste its lack of macroeconomic foundations. But a backlash ensued: several female economists claimed the criticisms of Kelton (and MMT) were rooted in sexism, bemoaning the male-dominated nature of the economics profession. And as with all academic or professional disciplines, "diversity" is now not only a buzzword but an open requirement in hiring.
I asked Baylor professor and Mises Institute senior fellow Dr. Peter Klein to join the show and give us his behind-the-scenes view of the increasingly politicized economics profession.
Read the Times article: https://Mises.org/KeltonNY Bob Murphy's review of Kelton's book: https://Mises.org/KeltonBook Noah Smith's review of Kelton's Times article: https://Mises.org/KeltonNoah
Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.
Original article: https://mises.org/wire/why-austrians-stress-ordinal-utility
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Fannie Mae is helping ensure easy money flows to apartments. That means multifamily prices are heading skyward like asset prices overall.
Original article: https://mises.org/wire/rising-rents-and-cheap-money-flowing-so-apartment-prices-are-soaring
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
California politicians say "gun owners should cover the costs of gun violence." Apparently, holding actual criminals responsible for their own misdeeds is too much work in California.
Original article: https://mises.org/wire/san-joses-gun-tax-has-nothing-do-reducing-crime
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In this episode, Ryan McMaken and Tho Bishop consider the counterfactual of what would have happened if Donald Trump were still president. What would the political landscape look like if it were a Republican administration dealing with historic unemployment? How would the reaction to the covid regime have looked in 2021? What would be the significance of the 2022 midterms and other political trends? That and more are covered on Radio Rothbard.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The election of 1824 pits the Old Republicans against the entrenched interests of one-party rule in America. In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop discuss the collapse of the first party system of the United States, the corrupt bargain that haunts the political career of John Quincy Adams and Henry Clay, and the rise of a new political movement inspired by Jeffersonian ideals: the Jacksonians.
Recommended Reading
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and incomplete and sometimes wrong. It is best to regard knowledge as a process: continually gathering changing knowledge from a wide range of sources to integrate into decision-making and action. Austrian economics can provide that integration, helping businesspeople with sense-making in a complex, ever-changing world of knowledge. Yousif Almoayyed joins Economics For Business to share his knowledge journey and the ways in which Austrian Economics provided him with the required integrating theory.
Show notes: https://mises.org/library/yousif-almoayyed-how-austrian-economics-helps-me-make-best-use-all-my-business-knowledge
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors
Original article: https://mises.org/wire/why-intellectual-property-isnt-necessary-reward-innovation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.
Original article: https://mises.org/wire/italys-covid-despotism-just-got-worse
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic.
Original article: https://mises.org/wire/usual-suspects-are-pushing-war-russia
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Ryan and Tho discuss Taiwan policy with Zachary Yost, author of a new paper on the prospects of a Mainland Chinese takeover of Taiwan. China faces some very large obstacles, but so does the United States.
Recommended Reading
"Victory Without Battle: A Smarter Vision for US-Taiwan Policy" by Zachary Yost (PDF): https://Mises.org/RR_67_A
"China’s Military Strength Has Been Greatly Exaggerated" by Ryan McMaken: https://Mises.org/RR_67_B
"The US Military Isn't As Invincible As It Thinks" by Ryan McMaken: https://Mises.org/RR_67_C
"A Fat, Comfortable Military Is a Woke Military" by Ryan McMaken: https://Mises.org/RR_67_D
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Often the biggest barrier secession movements face is the widely held (and ludicrous) belief that our current set of lines on a map are sacred and must be preserved.
Original article: https://mises.org/wire/its-time-break-new-york-state
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves.
Original article: https://mises.org/wire/could-blockchain-technology-help-end-fractional-reserve-banking
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We all seek progress: at the individual level, the team level, and the company level. Flow is the term for the experience that we feel when we are making progress on challenging activities through our own actions. Flow is high productivity and high achievement. It is the sensation you have when making progress is “winning” over being distracted or frustrated. Organizational structure is often a barrier to flow. Bart Vanderhaegen tells Economics For Business how to transcend the barrier.
Show notes: https://mises.org/library/bart-vanderhaegen-flow-transcending-organizational-barriers-progress
"The Value-Creating FLOW Process for Business Problem-Solving" (PDF): https://Mises.org/E4B_155_PDF
Bart Vanderhaegen’s TED Talk: https://Mises.org/E4B_155_Video
https://PactifyManagement.com
The Pactify Podcast: https://Anchor.fm/Pactify
FLOW: The Psychology of Optimal Experience by Mihalyi Csikszentmihalyi: https://Mises.org/E4B_155_Book1
Creativity: Flow and the Psychology of Discovery and Invention by Mihalyi Csikszentmihalyi: https://Mises.org/E4B_155_Book2
Virginia's stranglehold over American politics continues with President James Monroe. While high school textbooks refer to this period of one-party rule as the "Era of Good Feelings," the reality is the Second Bank of the United States offers some of the most vulgar examples of corruption the American people have seen. In this episode, Patrick Newman and Tho Bishop discuss the Panic of 1819 and the impact it had on political alliances for decades to come.
Recommended Reading
The Panic of 1819: Reactions and Policies by Murray Rothbard — https://Mises.org/LP7_A
A Short History of Paper Money and Banking in the United States by William Gouge — https://Mises.org/LP7_B
"The Scandal of Smith and Buchanan: The Skeletons in the McCulloch vs. Maryland Closet" by David Bogen (PDF) — https://Mises.org/LP7_C
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Today, it’s easy for socialists to point to the Interstate Highway System and exclaim, "Look at what we socialists did to facilitate transportation." They're careful to always ignore the unseen downside.
Original article: https://mises.org/wire/unseen-consequences-interstate-highway-system
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.
Original article: https://mises.org/wire/george-hearst-entrepreneur-mises-mold
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It is time to get back to normal life, and that starts with visible human faces.
Original article: https://mises.org/wire/unmask-america
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Across so many fields, from money to nutrition, I’ve found that the corollary to the government-heavy approach is a desire not to make choices for oneself.
Original article: https://mises.org/wire/who-needs-personal-responsibility-when-we-can-just-trust-our-overlords
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
This is freedom: "That he is independent of the arbitrary power of his fellows … [freedom] arose in the process of social development and its final completion is the work of mature Capitalism.”
Original article: https://mises.org/wire/will-artificial-intelligence-create-socialist-paradise
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Germany's government is pushing a new plan for massive spending on a "Climate Fund." This is justified with the usual Keynesian myths about the benefits of government spending.
Original article: https://mises.org/wire/germanys-new-green-stimulus-plan-wont-save-their-economy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob continues his series on Klaus Schwab, explaining the WEF's plans for redesigning the world, and providing quotes from Schwab's book on the fourth industrial revolution.
Find show notes and links mentioned in this episode at https://mises.org/BMS228
Justice Stephen Breyer's retirement gives the Biden Administration something they desperately need: the opportunity to control a news cycle after weeks of bad economic headlines, worse polling, and international tension.
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a look at some of the names being floated around for Breyer's replacement and expose the inherently political nature of the Supreme Court.
Recommended Reading
"Congress Should 'Pack' the Supreme Court" by Ryan McMaken: https://Mises.org/RR_66_A
"The Supreme Court Is Overrated" by Ryan McMaken: https://Mises.org/RR_66_B
"Abolish the Supreme Court" by Ryan McMaken: https://Mises.org/RR_66_C
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the "Great Reset."
Find show notes and links mentioned in this episode at https://mises.org/BMS227
Gabriel Boric is no friend of free trade, low taxes, or markets in general. Yet these policies are what made Chile the most prosperous country in South America.
Original article: https://mises.org/wire/chiles-new-president-threatens-nations-market-driven-prosperity
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
When the Democratic Colorado governor slightly scaled back covid mandates, he met furious opposition from the Left. Expect these people to push mandates forever.
Original article: https://mises.org/wire/why-they-want-keep-health-emergency-going-forever
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Latin America's antiglobalization epoch, from 1913 to 1970, was marked by high regulations and antitrade efforts that have fueled Latin America's economic problems.
Original article: https://mises.org/wire/colonialism-isnt-source-latin-americas-high-inequality
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob critiques a Guardian article from an economist favoring price controls, and explains his argument with Joe Weisenthal about the social benefit of saving actual cash.
Find show notes and links mentioned in this episode at https://mises.org/BMS226
2021 was the year of binge spending. 2022 is likely to be a hangover.
Original article: https://mises.org/wire/2022-year-hangover
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The transformation of Jeffersonians into National Republicans continues under President James Madison. Following the Louisiana Purchase, the new administration sets its eyes on Florida and Canada for new American expansion. The result is the disastrous War of 1812 and the rise of a new central bank.
"The Feds Before the Fed" by Scott Trask — https://Mises.org/LP6_A
"Our Oligarchs Can Thank James Madison" by Ryan McMaken — https://Mises.org/LP6_B
"Why James Madison Hated Democracy" by Ryan McMaken — https://Mises.org/LP6_C
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Turkey's President Erdoğan faces a series of crises as the lira collapses and the state's central bank steps in to clean up the mess.
Original article: https://mises.org/wire/turkeys-economy-big-trouble
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
"It has been said that the combat veteran has to live through the experience and then, if he survives, he has to live with it the rest of his life. How you handle yourself and what you make of yourself depends a great deal on your upbringing, your discipline, and things of this sort."
Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama.
Contractionary monetary policy may be necessary to slow the rise of inflation, but the recessionary results of this remind us why the Fed's inflationary policy is so dangerous.
Original article: https://mises.org/wire/inflation-or-recession-fed-faces-choice
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Flawed as we are and with limited knowledge about the world and ourselves, we might not know what is objectively “best for us long term.” Government planners know even less.
Original article: https://mises.org/wire/central-planners-dont-know-whats-best-you
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Overall, at least 50 percent of the consumer price index in Japan appears to be government controlled, which is reflected in the significant growth of government spending on subsidies.
Original article: https://mises.org/wire/japans-inflation-hidden-behind-central-bank-financed-subsidies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We will win. But how long will it take, and at what price victory?
Original article: https://mises.org/wire/how-we-will-win
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank.
Original article: https://mises.org/wire/federal-reserve-keeps-buying-mortgages
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
When we ask ourselves the question, “Can states survive without fiat currency?” the answer is clearly yes.
Original article: https://mises.org/wire/ending-fiat-money-wont-destroy-state
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Suppose some people don't like the services furnished by a "minimal state." Don't these people have the right to establish their own services to compete with the minimal state?
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
After many months of covid stimulus, there's a bonanza in US pandemic profits. But unlike price inflation, these profits really are likely to be transitory.
Original article: https://mises.org/wire/how-easy-money-inflated-corporate-profits
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting.
Original article: https://mises.org/wire/real-wages-plummet-inflation-hits-us-recovery
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
For entrepreneurs, design is not just lines and shapes and colors and decoration, and it’s not just the look and functioning of a website or a building or another object. It’s a process of advancing from an idea or concept to marketplace realization as a customer-desired new service PR product. In fact, according to Professor Henrik Berglund, entrepreneurship is design.
Show notes: https://Mises.org/library/henrik-berglund-entrepreneurship-design
"Opportunities as Artifacts and Entrepreneurship as Design" by Henrik Berglund, Marouane Bousfiha, and Yashar Mansoori (PDF): https://Mises.org/E4B_154_Paper1
"The Artifacts of Entrepreneurial Practice" by Henrik Berglund and Vern L. Glaser (PDF): https://Mises.org/E4B_154_Paper2
https://HenrikBerglund.com
https://Chalmers.se
With the prices of everything rising at historic rates, no issue is shaping politics more right now than inflation. Unfortunately for Americans, Republicans in Washington appear no more serious on the Federal Reserve than the Biden Administration.
What lessons can be learned from the past? How might the Biden Administration respond? What can be done on the issue? In this Radio Rothbard, Ryan McMaken and Tho Bishop dive into the politics of inflation.
Recommended Reading "How Easy Money Inflated Corporate Profits" by Brendan Brown: https://Mises.org/RR_65_A
"The Economy May Be Finally Peaking, and the Fed Won't Help Matters" by Brendan Brown: https://Mises.org/RR_65_B
"How Asset Price Inflation Is Different from Goods Price Inflation" by Brendan Brown: https://Mises.org/RR_65_C
"Monetary Inflation and Price Inflation" by Robert P. Murphy: https://Mises.org/RR_65_D
"Ending Fiat Money Won't Destroy the State" by Ryan McMaken: https://Mises.org/RR_65_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
The Revolution of 1800 removed the Hamiltonians from power, and in Jefferson's first term, America witnessed a major reduction of federal power. In his second term, however, an offer by French Emperor Napoleon to purchase the Louisiana territory would mark the fall of the Old Republicans.
In this episode, Patrick and Tho look at how dreams of conquest in Canada, Spanish Florida, Mexico, and beyond have had tragic consequences for Americans' liberty.
"The Louisiana Purchase: Jefferson's Constitutional Crisis that Risked Dissolving the Union" by Dave Benner — https://Mises.org/LP5_A
"Was Thomas Jefferson a Great President?" by Scott Trask — https://Mises.org/LP5_B
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Design & Assembly is the second pin (after Imagination) in the Economics For Business GPS system — the toolset to help entrepreneurs navigate their business environment. We talk to Brett Lindell, CEO of Pantheon Holdings (which includes Aegis Exteriors and Fortress Roofing) about his Design & Assembly approach that has helped him build a fast-growing business from scratch in the crowded, competitive, and demanding field of regional house construction. His advice: there are plenty of resources available; if you assemble the right resources to fit a system of assuring and delivering the best customer service, there’s a lot of growth to be harvested, whatever the industry.
Show notes: https://mises.org/library/brett-lindell-designing-and-assembling-breakthrough-business-construction
"Designing and Assembling a System for Entrepreneurial Growth" (PDF): https://Mises.org/E4B_153_PDF1
"The Entrepreneurial Method" (PDF): https://Mises.org/E4B_153_PDF2
Reach Brett at brett@aegisext.com
To kick off the New Year, Jeff recently had the opportunity to address a Discord channel dedicated to Austrian Economics (https://discord.gg/gSmCRRr). His talk focused on the state of economics generally, whether the profession is serving society, how economists failed us throughout the Covid hysteria, and especially the health and relevance of the Austrian school. This is a great survey of the role economics (and economists) should play in society.
Also includes questions from the audience, emceed by channel host JW Rich.
In this episode of Radio Rothbard, Ryan and Tho trade predictions for the year ahead. Topics include the importance of internal primaries ahead of next year's mid-terms, predictions on what the Fed will do with rising inflationary pressure, and what comes next from the covid regime.
Additional Reading
"Americans May Finally Be Losing Confidence in the Woke Military" by Jose Nino: https://Mises.org/RR_64_A
"Could 2022 Bring the Collapse of the Euro?" by Alasdair Macleod: https://Mises.org/RR_64_B
"Will Senate Republicans Endorse Biden-Powell Inflation?" by Tho Bishop: https://Mises.org/RR_64_C
"The Fed Is Hawkish Now? I’ll Believe It When I See It," by Ryan McMaken: https://Mises.org/RR_64_D
"Dreading Republican Rule" by Lew Rockwell: https://Mises.org/RR_64_E
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
In this episode of Liberty vs. Power, Patrick and Tho look at the success of the Jeffersonians following the corruption of Hamilton's Federalist Party. With the support of Treasury Secretary Albert Gallatin, the Jeffersonian Administration is able to slash the size of the federal bureaucracy. Unfortunately, the influence of Republican moderates — like James Madison — undermined a true restoration of old republican ideals.
Recommended Reading "Jefferson's Philosophy" by Murray Rothbard — https://Mises.org/LP4_A
"Jefferson as President: His Judicial Blunders" by Scott Trask — https://Mises.org/LP4_B
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Why do entrepreneurs start businesses in the first place? They have a vision for the future and seek to work with other people to bring it about. Those other people may be colleagues and employees, directors and investors, suppliers, and customers. Organizing this multivalent work is hard. Thinking of your organization as a complex adaptive system yields new understanding and a new approach to organizing that results in improved goal achievement.
Laura and Derek Cabrera of Cabrera Research Lab are dedicated to sharing research findings that enhance the capability of any organization to reach business goals. They join the Economics For Business podcast to do some sharing with the E4B community.
Show notes: https://mises.org/library/laura-and-derek-cabrera-building-entrepreneurial-business-culture-systems-thinking
Sign up for Laura and Derek’s Vision-Mission Bootcamp: https://Go.CabreraResearch.org/VMBootcamp
Visit Cabrera Research Lab online at https://CabreraResearch.org and on LinkedIn (https://Mises.org/E4B_152_LinkedIn).
"20-Point V-M-C-L Checklist" (PDF): https://Mises.org/E4B_152_PDF1
"Constructing the VMCL System" (PDF): https://Mises.org/E4B_152_PDF2
Flock Not Clock: Align People, Processes and Systems to Achieve Your Vision by Derek and Laura Cabrera: https://Mises.org/E4B_152_Book
Conservatism is allegedly grounded in a recognition of the natural limits of humanity. But when it comes to free trade, conservatives throw all that out the window.
Original article: https://mises.org/wire/conservatives-and-free-trade-straw-man
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this.
Original article: https://mises.org/wire/what-chicagos-mayor-gets-wrong-about-private-security
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Lockdowns and school closures will go down as one of the worst peacetime policy disasters of all time. Never again should the well-being of our children be sacrificed to placate the neuroses of adults.
Original article: https://mises.org/wire/covid-lockdowns-will-be-remembered-one-greatest-policy-failures-ever
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In the first Radio Rothbard of 2022, Ryan McMaken and Tho Bishop discuss the regime's portrayal of the one-year anniversary of January 6.
While most Americans may care more about kitchen table issues than Washington's hysterics, already we have seen the state use last year's riot as an excuse to expand the prosecution of political minorities.
Is this a moment the American right will learn from, or will history once again be written by progressives?
In the first Radio Rothbard of 2022, Ryan McMaken and Tho Bishop discuss the regime's portrayal of the one-year anniversary of January 6.
While most Americans may care more about kitchen table issues than Washington's hysterics, already we have seen the state use last year's riot as an excuse to expand the prosecution of political minorities.
Is this a moment the American right will learn from, or will history once again be written by progressives?
Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
An abstract state is built on patriotism. And when patriotism becomes "the highest of all virtues and the source of all the remaining ones,” states can get away with almost anything.
Original article: https://mises.org/library/state-abstract-idea-so-how-state-also-so-murderous
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.
Original article: https://mises.org/wire/slave-based-economy-nothing-dynamic-capitalist-one
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
With the Constitution in place and George Washington made president, Treasury Secretary Alexander Hamilton was empowered to make the new government in his image. Unsurprisingly, a man who celebrated the corruption of the old European order was quick to install a regime inspired by mercantilists like Jean-Baptiste Colbert.
In this episode, Patrick and Tho pinpoint the special interest that benefitted most from the Hamiltonian era, and how its failings sowed the seeds for the Jeffersonian Revolution of 1800.
Recommended Reading
"The Founding Father of Crony Capitalism" by Thomas DiLorenzo — https://Mises.org/LP3_A
"Alexander Hamilton: Centralist and Nationalist" by Daren A. Wiseley — https://Mises.org/LP3_B
"Central Banking as an Engine of Corruption" by Thomas DiLorenzo — https://Mises.org/LP3_C
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
Hamilton's Curse: How Jefferson's Arch Enemy Betrayed the American Revolution—and What It Means for Americans Today by Thomas J. DiLorenzo — https://Mises.org/LP_Curse
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP.
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
The Fed admits inflation is a problem, so now begins the search to find a fix that doesn't involve a recession or anything else that might allow the economy to heal its malinvestments.
Original article: https://mises.org/wire/welcome-new-chapter-latest-boom-bust-cycle
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Thanks to covid shutdowns, declining productivity finally brought price inflation to the fore. But the world's governments have learned nothing and cling to the same inflationist policies.
Original article: https://mises.org/wire/western-economies-are-self-destructing-inflation-debt-and-taxes
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Imagination is the first stage of any value generation journey — starting a development project, enhancing the customer experience, embarking on innovation, or building a business for the next year or the next decade. Imagination might sound like a fuzzy concept, but it’s a robust business tool, the engine of the entrepreneurial design process. Mark Packard joins the E4B podcast to put imagination into a business context and describe the possibilities it opens up.
Show notes: https://mises.org/library/mark-packard-entrepreneurial-imagination-you-cant-do-business-without-it
Elon Musk’s Imagination (Video): https://Mises.org/E4B_151_Video
"Subjective Value in Entrepreneurship" by Mark Packard and Per Bylund (PDF): https://Mises.org/E4B_151_Paper
"Empathy for Entrepreneurs: How to Understand and Identify Customer Needs and Wants from Their Perspective" (PDF): https://Mises.org/E4B_151_PDF
"Mark Packard on The Value Learning Process" (Episode): https://Mises.org/E4E_44
Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.
Original article: https://mises.org/wire/how-avoid-depressions-foster-saving-and-investment
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
With new mask and vaccine mandates, New York's Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism.
Original article: https://mises.org/wire/new-york-state-has-imposed-new-covid-rituals-time-theres-some-resistance
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The true cost of America's wars—in lost productivity, resources, and opportunity cost—is far higher than even the official numbers of trillions spent on the Pentagon's many failures.
Original article: https://mises.org/wire/americas-wars-are-far-more-costly-pentagon-admits
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Genuine change will likely come only through muddling through at the state and local level. That kind of work will be instrumental in the creation of decentralized alternatives to our present political order.
Original article: https://mises.org/wire/ron-desantis-plans-revive-floridas-state-militia
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed may slow or eliminate new bond purchases but is not planning to sell. Meanwhile, producer prices have skyrocketed and Americans are consuming more but producing less. Get ready for entrenched price inflation.
Original article: https://mises.org/wire/fundamentals-point-inflation-thats-much-more-transitory
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
"Science" is now indistinguishable from politics. As the "acid rain" hysteria showed back in the 1970s and 1980s, "follow the science" is just a political slogan, unrelated to actual science.
Original article: https://mises.org/wire/acid-rain-scare-and-science-industrial-complex
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.
Original article: https://mises.org/wire/price-deflation-and-horrors-falling-tv-prices
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
I was astounded at how many despots the World Bank was propping up. Bankrolling tyrants is the equivalent of a Fugitive Slave Act for an entire nation, preventing a mass escape of political victims.
Original article: https://mises.org/wire/raiding-world-bank-exposing-fondness-dictators
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Fauci-funded and Fauci-supported "AIDS research" consisted of running medical experiments on children, among other horrors. Through it all, Fauci profited handsomely with his many "partners" in Big Pharma.
Original article: https://mises.org/wire/review-real-anthony-fauci-bill-gates-big-pharma-and-global-war-democracy-and-public-health
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
California has announced it seeks to become a "sanctuary state" for abortion should the Supreme Court overturn Roe v. Wade. That is, the situation would return much to what it was before 1973.
Original article: https://mises.org/wire/end-roe-v-wade-its-time-defederalize-abortion-policy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO.
Original article:
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The benefits of decentralization don't stop at the state level. State governments themselves must be broken up into decentralized confederations that allow for local vetoes, local sovereignty, and regional autonomy.
Original article: https://mises.org/wire/state-level-secession-isnt-enough-states-themselves-must-be-radically-decentralized
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality.
Original article: https://mises.org/wire/nirvana-economics-how-treating-real-world-imaginary-ideal-world-leads-trouble
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Human Action Podcast wraps up the year with none other than the venerable Professor Paul Gottfried! This is our final show focused on the Old Right, the early 20th century political tradition which animated later libertarian figures like Murray Rothbard. How was this great legacy of peace and freedom on the Right—the Old Republic—lost to Cold Warriors and neoconservatives? Nobody is a better sociologist of American conservatism than Dr. Gottfried, and nobody is more compelling and erudite when it comes explaining how the Right went so horribly wrong (hint: former Commies). Lots of great names discussed, from Rothbard and Nock to Kirk, Strauss, Jaffa, Buckley, Meyer, and even Gore Vidal. Don't miss this show! Read Professor Gottfried's work on Conservatism: https://Mises.org/Gottfried-Book
How did a handful of colonies created by the European Old Order establish a unique nation conceived in liberty? In Episode 2 of the Liberty vs. Power Podcast, Patrick Newman and Tho Bishop discuss the lasting tension between the Spirit of 1776 and the Constitution of 1787. The results of America's successful war for independence is one of the most important victories for the cause of liberty, but the forces of power adapted to new opportunities.
Patrick and Tho also discuss the career of the infamous Robert Morris, and follow the rise of two men who are determined to mold America into the European nationalist tradition: Alexander Hamilton and James Madison.
Articles
"America's Libertarian Revolution" by Murray Rothbard — https://Mises.org/LP2_A
"Bacon's Rebellion" by Murray Rothbard — https://Mises.org/LP2_B
"How the Constitutional Convention Vastly Expanded the Powers of the President" by Murray Rothbard — https://Mises.org/LP2_C
"The Founding Fathers' Coup d'État" by Albert Jay Nock — https://Mises.org/LP2_D
"Economic Determinism, Ideology, and the American Revolution" by Murray Rothbard — https://Mises.org/LP2_E
"Liberty and Property: the Levellers and Locke" by Murray Rothbard — https://Mises.org/LP2_F
Books
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony
Conceived in Liberty, Volumes I-IV by Murray Rothbard — https://Mises.org/LP2_G
Conceived in Liberty, Volume V by Murray Rothbard, Edited by Patrick Newman — https://Mises.org/LP2_H
Movie
The Patriot — https://Mises.org/LP2_J
To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
We’re highlighting six of our 2021 podcasts that have special value for value creators. We invite you to listen to the special year-end podcast, and to sample each of those we’ve highlighted here, review the Key Takeaways we provide as a summary for each one, and download the free tools that accompany each podcast.
Per Bylund explains that all successful entrepreneurs are Austrians. Episode #143: https://Mises.org/E4B_143 Resource: "Explore and Realize (and Keep Exploring): How Austrian Entrepreneurs Generate Value on the Path to Business Success" (PowerPoint): https://Mises.org/E4B_143_PPT
Mark Packard joins Per Bylund to explain how Austrian Value theory enables entrepreneurs to radically re-shape business thinking for greater value generation. Episode #108: https://Mises.org/E4B_108 Resource: "The Value Generation Business Model" (Video) https://Mises.org/E4B_108_Video
Matt McCaffrey outlines the Austrian approach to business strategy: emergent not planned. Episode #127: https://Mises.org/E4B_127 Resource: "Emergent Strategy Process Map" (PDF) https://Mises.org/E4B_127_PDF
Mark McGrath orients entrepreneurs to purposeful adaptation to emergence via the OODA loop. Episode #138: https://Mises.org/E4B_138 Resource: John Boyd's "OODA Loop Graphic" (PPT) https://Mises.org/E4B_138_PPT
Ulrich Moeller provides the organization design model for the adaptive entrepreneurial firm: it’s boss-less. Episode #133: https://Mises.org/E4B_133 Resource: "The Future Of Organization Design" (PDF) https://Mises.org/E4B_133_PDF
Saras Sarasvathy pulls it all together in the form of The Entrepreneurial Method. Episode #131: https://Mises.org/E4B_131 Resource: "Better Lives and a Better Society" (PDF) https://Mises.org/E4B_131_PDF
In the first episode of the Liberty vs. Power Podcast, Tho Bishop and Patrick Newman take a deep dive into the intellectual framework of Rothbardian historical analysis. This includes looking at the "conspiracy analyst" as a praxeologist, identifying what personal incentives may motivate individual actors that directly influence government policy.
Tho and Patrick also discuss the importance of history as a vital tool in what Murray Rothbard considered "the science of liberty," and look at how battles over issues like Critical Race Theory highlight the ways the progressive left have leveraged historical narrative to strengthen their political agenda.
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP1_Crony
Important Links
"The Conspiracy Theory of History Revisited" by Murray Rothbard — https://Mises.org/LP1_A
"Murray Rothbard and Jacksonian Banking" by Leonard Liggio — https://Mises.org/LP1_B
"Coming of Age With Murray" by Hans Hermann Hoppe — https://Mises.org/LP1_C
"The Forgotten Greatness of Rothbard’s Preface to Theory and History" by George Pickering — https://Mises.org/LP1_D
"The Fight over Economics Is a Fight over Culture" by Ryan McMaken — https://Mises.org/LP1_E
"How to Do Economic History" by Joseph T. Salerno — https://Mises.org/LP1_F
"The Case for Revisionism (and Against A Priori History)" by Murray N. Rothbard — https://Mises.org/LP1_J
Additional Reading
Theory and History: An Interpretation of Social and Economic Evolution by Ludwig von Mises — https://Mises.org/LP1_G
The Economic Mind in American Civilization: 1606-1865, Volume One by Joseph Dorfman — https://Mises.org/LP1_H
To Subscribe to the "Liberty vs. Power Podcast" on your favorite platform, visit https://Mises.org/LvP
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
Entrepreneurship is fulfilling and exciting and inspiring. It’s fun. It’s learning. It’s a sense of achievement. It’s a journey. Economics For Business loves to spotlight individual journeys to illustrate what’s possible, provide learning about how to create and grow opportunities, and to inspire new entrepreneurship. This week, we are joined by Victor Chor, who leads us on a journey from a hobby of flipping on eBay to creating a brand and orchestrating a high-energy global value generation community.
Show notes: https://mises.org/library/victor-chor-journey-flipping-global-high-tech-brand-building
"The Evolution Of A Global High-Tech Brand" (PDF): https://Mises.org/E4B_149_PDF
Visit https://Infinacore.com
Follow Infinacore on Instagram: @Infinacore
Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions."
Original article: https://mises.org/wire/how-market-freedom-combats-economic-inequality
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The huge amounts of monetary inflation of 2020 have indeed been translated into price inflation in 2021. Yet with the Fed now poised to slow things down, we might find asset inflation could suddenly go into reverse.
Original article: https://mises.org/wire/economy-may-be-finally-peaking-and-fed-wont-help-matters
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth.
Original article: https://mises.org/wire/money-supply-growth-slowing-points-slowing-economy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We continue our look at leading figures from the Old Right with guest Tom Woods, who helped publish the late Murray Rothbard's The Betrayal of the American Right. Rothbard admired the courageous and revisionist voices promoting the Old Republic, and shared their antagonism for war and economic intervention. Tom and Jeff discuss great essays like Albert J. Nock's "Isaiah's Job" and Frank Chodorov's "The Ethic of the Peddler Class;" the latter a rousing defense of the merchant class against both bureaucrats and the country-club conservatism which would emerge under William F. Buckley. The old antiwar and anti-New Deal works of figures like Menken, Hazlitt, Howard Buffett, Chodorov, and Nock deserve far wider consideration, especially as the "New Right" spirals into the worst of Buckleyite foreign policy and know-nothing economics. You owe it to yourself to explore this great but underappreciated tradition.
Read Rothbard's important work: https://Mises.org/Betrayal Albert J. Nock's "Isaiah's Job:" https://Mises.org/HAPNock Frank Chodorov's "The Ethic of the Peddler Class:" https://Mises.org/HAPChodorov Jeff Leskovar on "The Psychology of Human Action:" https://Mises.org/HAPLeskova
There are many reasons why activists and intellectuals oppose inequality. Envy is one of them.
Original article: https://mises.org/wire/equality-and-envy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn't appear to be enthusiastic about embracing free trade.
Original article: https://mises.org/wire/biden-has-embraced-trumps-protectionism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The more the EU micromanages Polish internal affairs and punishes Poland for the simple act of exercising self-determination, more the benefits of leaving the bloc altogether will continue to increase.
Original article: https://mises.org/wire/polands-beef-eu-shows-dangers-political-centralization
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.
Original article: https://mises.org/wire/when-fiat-currency-stops-being-money
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it.
Original article: https://mises.org/wire/how-governments-seized-control-money
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Washington area was traumatized for weeks by two dimwitted psychopaths who rode around brazenly shooting people from the trunk of their ancient Chevrolet. Sadly, law enforcement officials had apparently met their match.
Original article: https://mises.org/wire/dc-sniper-rampage-biggest-police-debacle-century
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Human action lies at the core of the application of Austrian economics to business: how do people act and how can we develop the best understanding of why they act that way. We apply that thinking to customers, and we can also apply it to business organizations. If we are able to answer these questions well, we can develop a profitable business model and an effective management model. Our guest Diana Jones has a distinctive perspective about the management model that’s based on understanding people’s personal and private experiences rather than their place in the hierarchy or their formal role in the process.
Show notes: https://mises.org/library/diana-jones-new-management-model-guarding-group-relationships
"Trust-Distance Matrix: Assessing the Cost of Distance in Business Relationships" (PDF): https://Mises.org/E4B_148_PDF
Leadership Levers: Releasing The Power Of Relationships For Exceptional Participation, Alignment, and Team Results by Diana Jones: https://Mises.org/E4B_148_Book
https://Diana-Jones.com
Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living.
Original article: https://mises.org/wire/africas-long-history-trade-and-markets
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A big factor behind Youngkin’s electoral success in Virginia: the rural voter and their reaction to Richmond's overreach on guns, schools, and centralized political power.
Original article: https://mises.org/wire/rural-voters-guns-and-decentralization-sank-democrats-virginia
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
For decades, countless parents have been on autopilot when it comes to letting the state manage their child's education. But over the past two years, millions of parents have begun to take control.
Original article: https://mises.org/wire/weve-only-just-begun-see-benefits-new-surge-homeschooling
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Bank of Canada's stated mission is "to preserve the value of money by keeping inflation low and stable." Yet, the BOC works to inflate away the value of Canadians' purchasing power every single day.
Original article: https://mises.org/wire/bank-canadas-failed-mission-preserve-value-money
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Larson's principal targets are Friedman and Hayek, but Mises and Rothbard are not spared. For Larson, promarket economists aren't just wrong. They're bad people.
Original article: https://mises.org/wire/professor-hates-austrian-school-he-clearly-doesnt-know-much-about-it
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation.
Original article: https://mises.org/wire/were-all-talking-about-inflation-deflation-may-also-be-way
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn't mean we're barreling toward a happy ending.
Original article: https://mises.org/wire/housing-hubris-can-home-prices-spiral-upward-forever
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
James Buchanan thought the state was a voluntary institution. Murray Rothbard, on the other hand, understood the reality of state violence and coercion.
Original article: https://mises.org/wire/murray-rothbard-versus-public-choice-school
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In one recent thread, Weisenthal mocked the people worried about the falling purchasing power of the US dollar, and claimed that it would be immoral for currency to maintain its value over time.
Original article: https://mises.org/wire/joe-weisenthal-thinks-debasing-dollar-moral-thing-do
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Inca Empire is an excellent example of a Leviathan that brought about its own demise. So oppressive was the regime that it's no wonder the Spaniards found many enemies willing to help topple the empire.
Original article:
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted.
Original article: https://mises.org/wire/heroic-draft-dodgers-american-civil-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Strategic management theories and entrepreneurship theories have diverged in academia. One perspective can’t recognize the other. Yet the most promising and successful new business approaches demonstrate an agile combination of both sets of theories. Professor Mohammad Keyhani joins Economics For Business to explain this phenomenon and help us point the way to the future of strategic entrepreneurship.
Show notes: https://mises.org/library/mohammad-keyhani-strategic-entrepreneurship-smart-practice-combining-business-theories
"The Strategic Management Model versus the Entrepreneurial Model" (PDF): https://Mises.org/E4B_147_PDF
"The Logic Of Strategic Entrepreneurship" by Mohammad Keyhani: https://Mises.org/E4B_147_Paper1
"Was Hayek an ACE?" by Nicolaas J. Vriend: https://Mises.org/E4B_147_Paper2
The ultimate list of tools for entrepreneurs: "Entrepreneur Tools" by Mohammad Keyhani: https://Mises.org/E4B_147_Tools
It is clear that there are situations in which the unions’ interests diverge from the public’s interest in transparency and good policing. But the unions’ interests also often diverge from the interests of individual members.
Original article: https://mises.org/wire/why-dont-police-unions-protect-whistleblowers
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Recorded in Lake Jackson, Texas, on December 4, 2021.
Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people around the world. The "Ron Paul Revolution"—centered around his undiluted message of peace, property, and markets—changed the way millions thought about the American empire and the American financial system. Dr. Paul's focus on central banking and foreign policy caught politicians and pundits off guard, forcing them to scramble for explanations of our Middle East policy and Soviet-style central planning at the Fed. Politics in America has not been the same since the "Giuliani moment" and "End the Fed." The Ron Paul Revolution was both a political and cultural phenomenon.
Recorded in Lake Jackson, Texas, on December 4, 2021.
Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people around the world. The "Ron Paul Revolution"—centered around his undiluted message of peace, property, and markets—changed the way millions thought about the American empire and the American financial system. Dr. Paul's focus on central banking and foreign policy caught politicians and pundits off guard, forcing them to scramble for explanations of our Middle East policy and Soviet-style central planning at the Fed. Politics in America has not been the same since the "Giuliani moment" and "End the Fed." The Ron Paul Revolution was both a political and cultural phenomenon.
Includes an introduction by Jeff Deist. Recorded in Lake Jackson, Texas, on December 4, 2021.
Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people around the world. The "Ron Paul Revolution"—centered around his undiluted message of peace, property, and markets—changed the way millions thought about the American empire and the American financial system. Dr. Paul's focus on central banking and foreign policy caught politicians and pundits off guard, forcing them to scramble for explanations of our Middle East policy and Soviet-style central planning at the Fed. Politics in America has not been the same since the "Giuliani moment" and "End the Fed." The Ron Paul Revolution was both a political and cultural phenomenon.
Recorded in Lake Jackson, Texas, on December 4, 2021.
Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people around the world. The "Ron Paul Revolution"—centered around his undiluted message of peace, property, and markets—changed the way millions thought about the American empire and the American financial system. Dr. Paul's focus on central banking and foreign policy caught politicians and pundits off guard, forcing them to scramble for explanations of our Middle East policy and Soviet-style central planning at the Fed. Politics in America has not been the same since the "Giuliani moment" and "End the Fed." The Ron Paul Revolution was both a political and cultural phenomenon.
HL Mencken is the writer you need to read immediately. He was savagely brilliant, caustic, and witty, but also prolific across genres in ways almost unthinkable of journalists today. His skill with the English language was virtually unmatched in the 20th century, as was his deep and abiding contempt for utopian statism in any form. And his broadsides against two world wars were incredibly courageous at the time.
Our great friend Jim Bovard joins the show to discuss Mencken's work, his complicated elitism, his Old Right politics and social views, and the magnificent pleasure of reading this master.
"H.L. Mencken, The Joyous Libertarian" by Murray N. Rothbard: https://Mises.org/Joyous
Mencken Wikiquote: https://Mises.org/HLQ
Presented at the "Keynes and Keynesianism" seminar in Harvard Square, Massachusetts, on April 29, 1989. Sponsored by the Mises Institute.
Patrick Newman is a fellow at the Mises Institute who have just published his new book. He talks about Rothbard's approach to history, whether the US revolution was libertarian, and the proper way to interpret Andrew Jackson.
Find links mentioned in this episode at https://mises.org/BMS224
Biden's team is dominated by liberal internationalists, and just as their aggressive approach to China is the wrong one to take in the Indo-Pacific, it has long been counterproductive in eastern and southern Europe.
Original article: https://mises.org/wire/its-time-us-stop-courting-conflict-russia
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The fact that various electronic money transfers are taking place does not mean that we do not require cash any longer. On the contrary, the fact that the cash exists enables those transfers to take place.
Original article: https://mises.org/wire/going-cashless-isnt-easy-it-seems
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
If there’s one political fight worth seeing through, it’s the crusade against government schooling. Many parents in Virginia may have started to see just how important the fight has become.
Original article: https://mises.org/wire/virginia-elections-showed-some-parents-are-seeing-how-bad-government-schools-really-are
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Vaccine mandates are not a new invention, and states have long pushed a narrative exaggerating the success of mandates in the past.
Original article: https://mises.org/wire/smallpox-historical-myths-behind-mandatory-vaccines
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Ceaseless flux. Those are words Ludwig von Mises used to describe the perpetual change in business conditions that entrepreneurs experience. The consequent need, he told us, is for a process of constant adjustment. The current word for that process is adaptation. Economics For Business talks to Luca Dellanna, a leading business expert who advises companies of all sizes on managing the challenge of continuous adaptation.
Show notes: https://mises.org/library/luca-dellanna-power-adaptation-adapt-or-die
"The Power Of Adaptation" (PDF): https://Mises.org/E4B_146_PDF
Read Luca Dellanna’s book, The Power Of Adaptation: https://Mises.org/E4B_146_Book
Another application of adaptation, Teams Are Adaptive Systems: 12 Principles For Effective Management by Luca Dellanna: https://Mises.org/E4B_146_Book2
Visit Luca Dellanna’s website to find more resources: https://Luca-Dellanna.com
E-mail Luca at luca@luca-dellanna.com
While 9/11 is mainly forgotten, a deafening trumpet announces the presence of other supposed crises, such as covid and climate change. The Leviathan is now excited and encouraged by the possibilities of new rules and new IDs.
Original Article: https://mises.org/wire/real-id-means-real-leviathan
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
According to the Marxists and their fellow travelers, inflation is good because it transfers wealth from creditors to debtors, and debtors are "the 99 percent." But inflation doesn't work that way.
Original Article: https://mises.org/wire/no-inflation-not-good-you
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Garet Garrett was among the most important figures from the literary, political, and laissez-faire economic traditions of the Old Right, but his name is hardly known today. In 1938 he penned "The Revolution Was," a remarkable essay about FDR's revolutionary New Deal and, more importantly, how it was accomplished. FDR's revolution had already happened, though few Americans understood it or grasped what the triumph of an administrative state would mean. The New Deal was a revolution "with the form," because the old trappings of constitutionalism and separation of powers remained intact. What had changed was the substance of American government, engineered through skillful propaganda and marked by radically increased control over the nation's capital and businesses. This essay is entirely relevant to our current politics, and explains with tremendous clarity the the ongoing revolution happening under our noses today. Ryan McMaken joins Jeff Deist for a deep exploration of the essay and its lessons for us today.
You owe it to yourself to read this masterpiece.
Read Garet Garrett's prescient essay: https://Mises.org/GaretWas
The field of medical care is so ripe for new entrepreneurial solutions. As is always the case, solution design begins with understanding subjective value, both for customers (patients) and providers (doctors) Christopher Habig of Freedom Healthworks joins Economics For Business to explain how an Austrian, subjective-value focused approach is bringing market freedoms to medical care.
Show notes: https://mises.org/library/christopher-habig-how-understanding-subjective-value-will-revolutionize-medical-care
"Enabling A Direct Primary Care Practice" (PDF): https://Mises.org/E4B_145_PDF1
"FreedomDoc Launch Process" (PDF): https://Mises.org/E4B_145_PDF2
"Discussing the True Meaning of Health Care" (Healthcare Americana podcast): https://Mises.org/E4B_145_Pod
Visit https://FreedomHealthworks.com and https://FreedomDoc.care
It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble.
Original article: https://mises.org/wire/will-next-skyscraper-curse-be-found-digital-world
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Our largest skyscrapers exist no longer physically, but in a world of ones and zeroes. The most groundbreaking technology projects springing from malinvestment may be digital the next time around.
Original article: https://mises.org/wire/will-next-skyscraper-curse-be-found-digital-world
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
An additional—and quick—$1 trillion spending boost in energy-intensive and material consuming industries is likely to create new problems in terms of inflation and supply shortages.
Original article: https://mises.org/wire/bidens-infrastructure-plan-points-even-more-price-inflation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
What would the effect of a 100% vaccination rate be on the virus? Contrary to claims, the virus will not disappear. The next outbreak would occur within a year with 100% breakthrough cases with a vaccine-resistant strain.
Original article: https://mises.org/wire/why-bidens-vaccine-mandate-hasnt-delivered-promised-results
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear.
Original article: https://mises.org/wire/military-conscription-tool-centralization-state-building-and-despotism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The US military's turn to "wokeness" is a result of decades of high military spending and public deference toward military "experts." That gave us a military that is overfunded and highly political.
Original Article: https://mises.org/wire/fat-comfortable-military-woke-military
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.”
Original Article: https://mises.org/wire/college-worthwhile-two-time-dropouts-take
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.
Original Article: https://mises.org/wire/how-nigerias-central-bank-inflates-money-supply
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Tho Bishop, guest-hosting A Neighbor's Choice, interviews Jonathan Newman, author of The Broken Window.
Tho and Jonathan discuss the supposedly transitory aspect of inflation, the overshadowing of economics by central planning, Keynesian economics, and more.
Purchase The Broken Window online at Mises.org/BWindow.
China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets.
Original Article: https://mises.org/wire/industrial-policy-aka-central-planning-wont-make-america-great
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector.
Original Article: https://mises.org/wire/cronyism-not-welfare-chinas-big-problem
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before.
Original Article: https://mises.org/wire/thanks-bailouts-wall-street-banks-are-more-fragile-ever
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We have today a hybrid of two forms of banking — loan banking (non-inflationary) and deposit banking (inflationary if not 100% reserve holdings). The cause of booms is the credit expansion by central banks that is not backed by pools of private savings.
The longer the inflation-driven boom continues, the worse the inevitable clearing bust must be. Austrian policy is to leave everything alone to permit all the adjustments needed. Keynesian policy is to keep inflating. Theirs is a crisis of interventionism.
The tenth and final lecture from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 15, 2007.
In the history of money, bartering was awkward because wants were not divisible. Direct exchange depended upon a double coincidence of wants. Demand for a medium of exchange grew until a general medium of exchange emerged, like gold and silver.
A medium of exchange should display these characteristics: must be generally acceptable, widely demanded for non-monetary uses, easily portable, homogeneous, highly divisible and highly durable.
Although it is beneficial to have more of any other commodity, it is not true of money. A greater supply of money merely dilutes the purchasing power of each money unit. The consequences of inflation include a rise in prices, a fall in purchasing power, and a stealth tax on citizens.
The ninth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 15, 2007.
Competition can mean rivalry or freedom. All firms must serve the preferences of consumers in order to exist. Monopoly has historically been an artificial privilege granted by the state.
Monopolies do not last for long in free markets unless maintained by government interventions. Antitrust policies were generally not demanded by consumers, but created by jealous competitors. Antitrust laws are insensible and wasteful.
The eighth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 14, 2007.
Time preference says that individuals prefer satisfaction now to later, present to future. This explains the loan market. In the structure of production, the capitalist pays wages now, despite the fact that he himself does not get paid until the final stage when the product actually comes to market.
Consumption, saving, investment and spending occur in every production stage — across time. The interest rate is the rate of price spread. It is what the capitalist earns for time preference.
The seventh in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 14, 2007.
Causal-realist analysis allows imaginary constructs like the ERE — Evenly Rotating Economy — in order to isolate certain factors like interest. There would be no profit or loss in the ERE, because those can only exist under conditions of uncertainty.
Klein explains profit as a category, not a line item. The entrepreneur’s function is to experiment with combinations of factors of production to find those that produce the greatest economic value.
The sixth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 13, 2007.
Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution.
Consumer goods and producer goods are subjectively determined by how they are used.
Factor pricing is by the Austrian theory of imputation.
To Austrians, all costs are opportunity costs.
The fifth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 13, 2007.
As with all government intervention, price controls do not achieve what their originators think they will. Trying to maintain a supply of milk by putting a price control on it will cause shortages, which are the very situations the price manipulators said they wanted to avoid.
Rent control seems great to the snug renter, but it will assure that no new building or renovations will be undertaken by entrepreneurs. Shortages follow. Agricultural subsidies, quotas, and price support loans function as regressive taxes upon the poor. Sugar cane price controls are among long-standing interventions in the market.
The fourth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 12, 2007.
What determines market prices? Buyers and sellers must know of feasible trades. They can learn from their mistakes. They prefer higher profits to lower profits. They think in discreet terms. Both participants win in market exchanges.
Prices allocate resources to their highest uses. It is welfare-maximizing in any meaningful way. Prices are signals. Prices provide feedback to entrepreneurs about the quality of their forecasts.
The third in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 12, 2007.
In this introduction to the basics of Austrian-school economic analysis, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, value, and marginal utility. He also introduces a number of important topics such as Crusoe economics and the water-diamond paradox. Salerno lays the foundation for this series of lectures which will cover all the basics of Austrian analysis in more detail.
The first in a series of ten lectures designed to introduce the layman to the basics of applied Austrian economics: Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 11, 2007.
All action is really exchange. What the actor prefers less is exchanged for something he prefers more, including gift giving. It is a fallacy to say that the goods exchanged have equal value.
Salerno also covers elastic and inelastic demand.
The second in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.
Recorded at the Mises Institute in Auburn, Alabama, on June 11, 2007.
In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation.
Original Article: https://mises.org/wire/free-economy-prices-would-be-going-down-not
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Vaccine mandates are much easier to enforce thanks to the spread of government spending, government contracting, and monopolized government services.
Original Article: https://mises.org/wire/employer-vaccine-mandates-when-feds-pay-piper-they-call-tune
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors.
Original Article: https://mises.org/wire/why-chinas-property-bubble-big-deal
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
This week's show features a panel discussion recorded in late October at our annual Supporters Summit. Panelists Ryan McMaken, Jeff Deist, Mike Maharrey, and Tho Bishop lay out real strategies for achieving decentralization.
Includes an introduction by Joey Clark. Recorded in St. Petersburg, Florida on October 22, 2021.
Featuring Peter Klein, Per Bylund, and Hunter Hastings,
Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Featuring Thomas E. Woods, Jr., Katie Phipps Hague, and Joe Becker.
Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people.
Original Article: https://mises.org/wire/madness-taxing-unrealized-capital-gains
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
McAuliffe could not dissociate himself entirely from national politics because he was a national Democratic figure closely allied to the Clintons for decade
Original Article: https://mises.org/power-market/paul-gottfried-virginia-election
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Our aim ought not to be to make democracy “work better” but to use revelations of corruption as a tool to question altogether its value as a political and social system of organization.
Original Article: https://mises.org/wire/how-media-and-tech-elites-seized-control-elections
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Featuring Sandy Klein, Patrick Newman, and Kimberly Johnson.
Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Francis should note that the move toward freer markets, in India and China especially, resulted in the huge reduction in extreme poverty we have witnessed over the last few decades.
Original Article: https://mises.org/wire/pope-francis-blames-capitalism-world-hunger-yet-again
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Internationalism in the interpretation of libertarian philosophy and Marxist doctrine are two completely different concepts. One is a natural outcome of human cooperation. The other is pure myth.
Original Article: https://mises.org/wire/marxism-versus-libertarianism-two-types-internationalism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In many ways, the American war crimes of Korea and Vietnam were a continuation of American military conduct in the Civil War and during the Indian wars.
Original Article: https://mises.org/wire/historical-origins-modern-american-war-crimes
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Any economist should have been able to see that having the monetary spigot on full blast to “stimulate” would raise prices down the road. We are now down that road.
Original Article: https://mises.org/wire/federal-reserves-assault-savers-continues
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Successful entrepreneurs are Austrians, they just don’t know it yet. This is a famous assertion from Dr. Per Bylund, and we dissect its meaning in the latest Economics For Business podcast.
Show notes: https://Mises.org/library/bylund-how-austrian-entrepreneurs-succeed
"Explore and Realize (and Keep Exploring): How Austrian Entrepreneurs Generate Value on the Path to Business Success" (PowerPoint): https://Mises.org/E4B_143_PPT
"Inversions of Service-Dominant Logic" by Stephen L. Vargo and Robert F. Lusch (PDF): https://Mises.org/E4B_143_PDF
Not even the US’s ostensible allies can escape. NATO members Hungary and Poland were called "totalitarian regimes" by Biden because the two countries have run afoul of the West's ruling elite.
Original Article: https://mises.org/wire/will-hungary-and-poland-be-next-victims-useu-regime-change
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Contracts are voidable and thoroughly changeable. They can be totally ignored with the consent of both parties. But natural rights are not like contracts and can't be abolished even with consent.
Original Article: https://mises.org/wire/contract-rights-are-not-same-natural-rights
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The idea that supply chain problems are “driving inflation” gets the causation backward. It’s money supply inflation that’s causing the supply chain problems, not the other way around.
Original Article: https://mises.org/wire/feds-inflation-behind-supply-chain-mess
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
New tech shows some light at the end of the tunnel. But for decades, government bans on a market for human organs has condemned millions of people to early deaths and immense pain.
Original Article: https://mises.org/wire/tragedy-governments-ban-human-organ-sales
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade.
Original Article: https://mises.org/wire/protectionism-immoral-unjust-and-corrupt
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Includes an introduction by Jeff Deist and audience question and answer period. Recorded in St. Petersburg, Florida on October 21, 2021.
Find Dr. Newman's new book Cronyism: https://mises.org/CronyismBook
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Includes an introduction by Joey Clark. Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Featuring Ryan McMaken, Tho Bishop, Mike Maharrey, and Jeff Deist.
Includes an introduction by Joey Clark. Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Recorded in St. Petersburg, Florida on October 22, 2021.
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological revolution beginning at the local level rings more true than ever. With Hoppe's admonitions in mind, all of our speakers and panels will consider three vital questions: Where are we? How Bad is it? And what should we do now?
Recorded in St. Petersburg, Florida on October 22, 2021.
The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous.
Original article: https://mises.org/wire/global-fiat-currency-one-ring-rule-them-all
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Government healthcare is centrally planned healthcare. Innovations in the decentralized "digitalization" of medicine could finally move medicine back in the direction of markets.
Original article: https://mises.org/wire/digitalization-could-move-medical-care-beyond-government-healthcare
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
"Let's Go Brandon!" scored an early win in Virginia, and hurt Democrats in New Jersey. Suburban voters seem to hate Critical Race Theory in schools more than they disliked Donald Trump, even as the corporate press dismissed it as a real issue.
Does last night's red wave indicate that average Americans are prepared to take back more local control from the federal regime, or is this yet another example of fickle democracy as usual? Ryan McMaken and Tho Bishop break down some of the notable 2021 election results, and talk about what it may mean for the future.
Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
Thanks to central banks' easy money policies, historically low interest rates and a desperate search for yield have created new danger zones for investors trying to stay out of trouble.
Original article: https://mises.org/wire/thanks-central-banks-old-investment-rules-dont-apply-anymore
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities.
Original article: https://mises.org/wire/why-interventionist-economists-love-talk-about-externalities
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Whether through taxes, debt, or inflation, government spending is about ripping off the productive taxpayers. Argentina's inflation and runaway deficits provide a cautionary tale.
Original article: https://mises.org/wire/three-ways-government-spending-ripping-us
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become.
Original article: https://mises.org/wire/where-does-social-order-come-not-state
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It is not possible to replace productive credit by means of the easy monetary policies of the central bank. If this could have been done, then the world would have already ended poverty.
Original article: https://mises.org/wire/idle-resources-are-problems-caused-central-bank
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In spite of what they say, governments will do nothing about inflation. Even though "money printing" is the real cause of this, governments will just keep blaming red herrings like supply chain problems.
Original article: https://mises.org/wire/governments-love-inflation-and-they-wont-do-anything-stop-it
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern.
Original article: https://mises.org/wire/what-spooner-can-teach-us-our-age-neofascism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong.
Original article: https://mises.org/wire/who-will-build-roads-anyone-who-stands-benefit-them
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Policy normalization—defined as closing down the nonconventional toolbox and restoring a well-functioning price-signaling mechanism to the bond market—is difficult but possible.
Original article: https://mises.org/wire/three-things-fed-must-do-normalize-bond-markets
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Biden administration will use the SEC to squeeze oil and gas companies on "climate risk." As is typical for progressive schemes that drive up the cost of living, the working classes will suffer the most.
Original article: https://mises.org/wire/yes-they-are-coming-oil-companies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Thanks to capital accumulation and other innovations in the West, life expectancy grew beyond anything previously imagined. The benefits spread from there.
Original article: https://mises.org/wire/how-west-pushed-back-frontiers-death
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term.
Original article: https://mises.org/wire/gdp-tells-us-little-about-health-economy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurial businesses acknowledge and understand the inevitability of boom-bust cycles in the Fed-manipulated economy. But they refuse to be defeated or even deterred. They find the profitable pathway through both the boom and the bust. Murray Sabrin has compiled a guide in his latest book, Navigating The Boom/Bust Cycle, An Entrepreneur’s Survival Guide.
Show notes: https://mises.org/library/murray-sabrin-how-entrepreneurs-beat-fed-generated-boom-bust-cycle
Purchase Navigating The Boom/Bust Cycle, An Entrepreneur’s Survival Guide at https://Mises.org/E4B_142_Book. Use promo code BOOM20 for 20% off.
See a preview of Murray Sabrin's book at https://Mises.org/E4B_142_Preview (PDF).
"The 4Vs Business Model" (Video): https://Mises.org/E4B_142_Video
The Economics For Business platform: https://Econ4Business.com
"Why the Fed's 2 Percent Inflation Standard Is So Bad" by Ryan McMaken: https://Mises.org/E4B_142_Article
10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity (Chart): https://Mises.org/E4B_142_Fred
Daniel McAdams of the Ron Paul Institute joins the show to discuss what might be termed the Ron Paul Doctrine: a combination of laissez-faire at home, decentralized domestic political power (up to and including secession), robust free trade, and strict non-intervention abroad, This doctrine—which mirrors Mises's prescription for a liberal society—makes no phony distinctions between foreign and domestic policy, or between military and economic interventions. It places peace and property at the center of a free society, and calls for humility rather than hubris in politics. Daniel also gives his thoughts on Dr. Paul's doctrine as it applies today to China, Turkey, Russia, and Iran.
All value is subjective. But often, when an exchange is to be made, a numerical value is required. It’s a special kind of economic calculation, what Bharat Kanodia terms “a subjective opinion based on objective facts”.
Bharat has built a career on valuations, from 2-founder garage start-ups to the Eiffel Tower. He shares his knowledge, experience, and insights with the Economics For Business podcast.
Show notes: https://mises.org/library/bharat-kanodia-how-subjective-value-generates-valuation-business
"Pathways To Business Valuation" (PDF): https://Mises.org/E4B_141_PDF
"How to Double Valuation?" (Video): https://Mises.org/E4B_141_Video1
"What’s Pre-IPO Worth?" (Video): https://Mises.org/E4B_141_Video2
It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability.
Original article: https://mises.org/wire/how-feds-easy-money-spurred-todays-financial-frenzies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Years of bubbles and malinvestment have a downside: the destruction of the productive, wealth-building parts of the economy. And that could mean higher interest rates.
Original article: https://mises.org/wire/why-bear-market-bonds-points-weakening-economy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We can see that these massive trillion-dollar stimulus programs generate a virtually nonexistent long-term positive impact, just a short-term bounce that lasts less than a quarter.
Original article: https://mises.org/wire/weak-jobs-report-shows-failure-keynesian-policies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Google says it can only tolerate "accurate" information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread.
Original article: https://mises.org/wire/why-did-google-ads-ban-lewrockwellcom
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Research reveals that in sub-Saharan Africa children in polygamous families are 24.4 times more likely to die when compared with children in monogamous families.
Original article: https://mises.org/wire/polygamy-problem-economic-development
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Anyone with a conscience can easily see that assassinating Julian Assange would be just plain murder. Yet, the reaction to all this from the mainstream press has been one great big collective yawn.
Original article: https://mises.org/wire/cia-has-stultified-american-consciences
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We wrap up our look at Murray Rothbard's sprawling two volume An Austrian Perspective on the History of Economic Thought with Dr. Joe Salerno, Rothbard's friend and colleague. This show covers the second volume exclusively, starting with the Frenchman JB Say and working through Ricardo, the British Currency School, John Stuart Mill, and finally Karl Marx. Salerno has penetrating insights about all of these thinkers, from Say's understanding of production to Ricardo's erroneous systemization of Adam Smith. He also has great background regarding Mises and the Currency School vs. Banking School debate, on free banking and full reserve banking, and on Mill's deep misconception of money. The show ends with a thorough look at Rothbard's treatment of Marx over more than 100 pages: Marx's sick view of man as a collective, his hatred for the division of labor, his absurd and deterministic "laws of history," his materialism as a replacement for spiritualism, and the underlying folly of "superabundant production."
You don't want to miss this show!
Read Rothbard's important work: https://Mises.org/APHET
The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace.
Original article: https://mises.org/wire/were-living-chaos-economy-heres-how-end-it
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Age-adjusted mortality in the UK rose in 2020 to the same level last experienced in 2008. Yet the government declared no national health crisis in those years.
Original article: https://mises.org/wire/uks-national-crisis-age-adjusted-mortality-2008-levels
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Until there’s a new foreign policy class informed by an outlook of restraint, no kind of punishment or demotion of those who prosecuted the bungled wars of the past few decades should be expected.
Original article: https://mises.org/wire/dont-expect-foreign-policy-experts-be-held-accountable-afghanistan
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The story of the Americas as the violent “pacifying” and corralling of free indigenous peoples by white outsiders erases the long history of statism in many areas of the New World.
Original article: https://mises.org/wire/pre-columbian-america-wasnt-exactly-paradise-freedom
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the US, generate 62% of the employment in the nation, and deliver 64% of US GDP.
And, they’re good at venture capital. Samuele Murtinu, Professor of Law, Economics, and Governance at Utrecht University, visits the Economics For Business podcast to share the findings and insights from his very recent analysis of venture capital databases.
Show notes: https://mises.org/library/samuele-murtinu-how-low-time-preference-elevates-investment-returns-family-corporate-venture
"Types of Venture Capital" (PDF): https://Mises.org/E4B_140_PDF
"Families In Corporate Venture Capital" by Samuele Murtinu, Mario Daniele Amore, and Valerio Pelucco (PDF): https://Mises.org/E4B_140_Paper
After 9/11, the security establishment was giddy about embarking on a global democratic crusade against any nation that did not submit to the US’s liberal hegemonic order.
Original article: https://mises.org/wire/uss-fantastical-foreign-policy-sowing-seeds-failure
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Washington politicos want to keep the debt going up at breakneck speed forever. But the responsible thing to do is refuse another increase to the debt ceiling and force a partial default. Politicians hate that idea because default would make it harder to spend trillions in deficit spending.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
It is, ironically, anti-science to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws.
Original article: https://mises.org/wire/why-todays-abusers-scientific-method-are-so-dangerous
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Hopefully, increased interdependence and overlapping interests will help to shape a future of stability in Europe and continue the precious absence of another major war on the continent.
Original article: https://mises.org/wire/nord-stream-2-value-german-russian-cooperation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Berlin “housing crisis” has, of course, many causes. But most, if not all of them, are government made. Unfortunately, however, people blame “capitalists” for their plight.
Original article: https://mises.org/wire/berliners-2021-want-expropriate-private-housing
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.
Original article: https://mises.org/wire/why-does-money-have-value-not-because-government-says-it-does
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob provides a running refutation of Stephanie Kelton's recent TED talk on Modern Monetary Theory (MMT).
Find links mentioned in this episode at mises.org/BMS217
Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies.
Original article: https://mises.org/wire/how-cultural-distance-between-societies-can-hamper-economic-prosperity
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Although the experts assured us Sweden would experience a disaster and a bloodbath without covid lockdowns, the Nordic nation has fared better than Europe on excess deaths.
Original article: https://mises.org/wire/without-lockdowns-sweden-had-fewer-excess-deaths-most-europe
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurship is a method, and it’s also a mindset. Fabrice Testa has written a book that brilliantly integrates the two: he calls the integration "Super Entrepreneurship," and his book title is therefore Super Entrepreneurship Decoded. He has the appropriate credentials as a proven super-entrepreneur who has created and nurtured numerous great companies (and successfully sold a couple of them).
Fabrice knows the true meaning of the phrase, “The day before something is a breakthrough, it’s a crazy idea”.
Show notes: https://mises.org/library/fabrice-testa-super-entrepreneurship
Super-Entrepreneurship Decoded: 5 Secret Keys to Create Breakthrough Businesses that Change the World by Fabrice Testa: https://Mises.org/E4B_139_Book
"Super Entrepreneurship" (PDF): https://Mises.org/E4B_139_PDF
The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation.
Original article: https://mises.org/wire/shortages-arent-causing-inflation-money-creation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
While the US was able to give the Soviets a bloody nose by pouring billions into the mujahideen, it’s undeniable the US created a Frankenstein's monster that ended up turning on its creator.
Original article: https://mises.org/wire/roots-afghanistan-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The state is making people dependent on it, both as means for control and as an outcome of many policies intended to provide relief.
Original article: https://mises.org/wire/postpandemic-world-one-widespread-dependence-government
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It is important to get some much-needed context when examining a disease which is being used to justify unprecedented increases in state power and violations of human rights.
Original article: https://mises.org/wire/age-adjusted-mortality-2004-levels-yet-they-tell-us-covid-worse-1918-flu
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
This special virtual seminar for donors to our fall campaign was livestreamed on October 8th, 2021.
Jeff Deist and Bob Murphy discuss Mises's views on interventionism and their continued relevance today, particularly after the last year and a half of economic intervention resulting from covid tyranny.
"[Interventionism] preserves some of the labels and the outward appearance of capitalism. It maintains, seemingly and nominally, private ownership of the means of production, prices, wages, interest rates, and profits. In fact, however, nothing counts but the government’s unrestricted autocracy... This is socialism in the outward guise of capitalism. It is the Zwangswirtschaft of Hitler’s German Reich" —Ludwig von Mises, The Middle of the Road Leads to Socialism
Read the full text from Mises: https://mises.org/library/middle-road-leads-socialism
We continue our look at Murray Rothbard's two volume An Austrian Perspective on the History of Economic Thought with a show focused on Adam Smith. Rothbard attacked him mercilessly as a plagiarist who set economic theory back decades with his muddled views on value and price. But was this criticism justified, or was Smith actually an early and valiant proponent of laissez-faire?
Our guest Hunter Hastings defends Smith in this rollicking discussion, while Professor Jonathan Newman is not so sure. They also discuss the Scottish Enlightenment and Smithian thinkers like Bentham and Malthus, and even tackle the contentious question of whether Smith produced Marx. Don't miss this!
Read Rothbard's important work: https://Mises.org/APHET
Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation.
Original article: https://mises.org/wire/defaulting-debt-moral-thing-do
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob covers some of the key points in his new pamphlet on restoring the Republic of Texas.
Find links mentioned in this episode at https://mises.org/BMS216
In the face of an “invisible enemy,” many Western nations have implemented emergency measures that were once considered dystopian and wholly incompatible with liberal democracy.
Original article: https://mises.org/wire/how-west-adopted-china-style-lockdowns
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.
Original article: https://mises.org/wire/yellen-wrong-us-government-doesnt-always-pay-its-debts
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Austrian economics is distinctive in its recognition and, indeed, embrace of continuous change: customer preferences change, competitors’ actions change, markets change, technology changes, prices change, business methods change. New knowledge is continuously created and accumulated. And Austrian economics equally recognizes that entrepreneurial businesses must change in response: capital combinations change, supplier and customer relationships change, organization structure changes, business portfolios and value propositions change. Continuous change is required — which is something business has not traditionally been designed for. How do businesses manage continuous change?
In the current digital age, the rate of change in the external business environment is accelerating, largely as a consequence of rapid technological evolution and the ways in which customer behavior and preferences change in response. We plan to cover the issue of continuous change from multiple angles in the coming weeks and months.
This week, Mark McGrath joins us to review a tool for value creation amidst continuous, roiling change. It has been around for a while and so is proven in multiple arenas and situations. It goes by the name of OODA.
Show notes: https://Mises.org/library/mark-mcgrath-adaptive-entrepreneurial-method-vuca-ooda-iot
"The Adaptive Entrepreneurial Model — Core Thesis" (PDF): https://Mises.org/E4B_138_PDF
John Boyd's "OODA Loop Graphic" (PPT): https://Mises.org/E4B_138_PPT
"The Epistemology of the OODA Loop" (PDF): https://Mises.org/E4B_138_PDF2
"Destruction And Creation" by John R. Boyd (PDF): https://Mises.org/E4B_138_Boyd
The Theory Of Dynamic Efficiency by Jesús Huerta De Soto: https://Mises.org/E4B_138_deSoto
The Ultimate Foundation Of Economic Science by Ludwig von Mises: https://Mises.org/E4B_138_Mises
As inflation becomes more obvious, governments will be blaming businesses for causing the inflation that policymakers have fueled. This is a step on the way to price controls.
Original article: https://mises.org/wire/inflation-loving-governments-are-now-blaming-private-businesses-inflation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
As US military interventions continue across several continents, we should remember that much of US foreign policy is little more than cleaning up messes the US created.
Original article: https://mises.org/wire/loss-afghanistan-only-latest-chapter-long-story-intervention
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Justin Trudeau won with a weak "victory" in Canadian elections last week, but he nonetheless claimed a "mandate" for vaccine passports and huge increases in federal spending.
Original article: https://mises.org/wire/canada-votes-more-same
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory.
Find links mentioned in this show at https://mises.org/BMS215
The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.
Original article: https://mises.org/wire/too-much-inflation-just-raise-inflation-target
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens.
Original article: https://mises.org/wire/my-time-fbi
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Was Adam Smith the founder of modern economics? Not so, says Murray Rothbard in his staggering two-volume An Austrian Perspective on the History of Economic Thought. Dr. Patrick Newman joins the show for a look at Rothbard's treatment of economics before Smith—from the Ancient Greeks all the way to the Scottish Enlightenment—and his take no prisoners revisionist approach. Jeff Deist and Dr. Newman cover Aristotle and Plato, Aquinas, Protestants and Catholics in the Middle Ages, Spanish Scholastics, Mercantilists, French Physiocrats and Turgot, and the criminally underappreciated Richard Cantillon. If you're a fan of economics and non-bowdlerized history, don't miss this!
Read Rothbard's important work: https://Mises.org/APHET Find out more about Dr. Newman's new book: https://Mises.org/CronyismBook
Moyn fears that "humane warfare" along with programs of global surveillance, would subject the world to hegemonic control by one or a few dominant superpowers.
Original article: https://mises.org/wire/should-war-be-made-humane
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population.
Original article: https://mises.org/wire/educated-population-really-necessary-innovation-and-growth
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Despite all the data we have on lockdowns, hospitalization trends, and newly emerging vaccination data, one can only marvel at how trust in the public health system and ruling elite can persist in any capacity.
Original article: https://mises.org/wire/public-health-officials-say-trust-us-data-says-otherwise
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurs solve problems for customers. There are few problems bigger than the horribly perverse medical care system under which patients suffer in the US. The system has evolved over time, with the stimulus of bad decisions, bad actors, and bad incentives. Entrepreneurship can solve the system problem with specific actions at the component level, each of which are practical and do-able, and can interact to create a new outcome at the system level.
Murray Sabrin has studied both the system and the component solutions, and he joins the Economics For Business podcast to enumerate his proposed actions.
Show notes: https://Mises.org/library/murray-sabrins-7-point-entrepreneurial-solution-medical-care-crisis
Read Murray’s book, Universal Medical Care from Conception to End of Life: The Case for A Single-Payer System: https://Mises.org/E4B_137_Book It’s self-published and all proceeds go to charity and non-profits.
"Individual Single-Payer Alternative For Employer-Based Insurance" (PDF): https://Mises.org/E4B_137_PDF
Surgery Center Of Oklahoma: https://surgerycenterok.com
Forward: https://goforward.com
Direct Primary Care Coalition: https://dpcare.org
Volunteers in America: https://vimamerica.org
A euro collapse, rather than gas prices and bottlenecks, is the most likely source of sustained high CPI inflation in Europe following the Merkel era.
Original article: https://mises.org/wire/bust-there-always-boom-and-malinvestment
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
An economic depression is not caused by a decline in the money supply per se, but results from a shrinking pool of savings made possible by a previous bout of monetary inflation.
Original article: https://mises.org/wire/bust-there-always-boom-and-malinvestment
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Just a few years prior to his death, Murray Rothbard started one of his most ambitious writing projects: a full-fledged, three volume history of economic thought from a uniquely Austrian perspective. Unfortunately he never wrote the third volume, intended to span the post-Marx marginal revolution all the way through the mid-20th century. But the two existing volumes, over 1000 pages, start with ancient Greece and make their way to Adam Smith, Bentham, JS Mill, Ricardo, and Marx. As always, Rothbard is both compelling and radically revisionist. Contra most economic historians, he believed the proto-economists before Smith had much to offer. Both the Spanish Scholastics and French Physiocrats, for example, showed an understanding of value and subjectivism well before Smith developed his muddled cost theory.
These two volumes are a must read for any student of economics, and Dr. Patrick Newman is the perfect guest to bring them to life. Don't miss this first in a series of episodes on An Austrian Perspective on the History of Economic Thought.
Read Rothbard's important work: https://Mises.org/APHET Find out more about Dr. Newman's upcoming book: https://Mises.org/CronyismBook
When asked, "'I’ve recovered from covid, is it absolutely essential that I get vaccinated?' many public health officials have put aside the data and responded with a synchronized 'yes.'"
Original article: https://mises.org/wire/why-natural-immunity-political-problem-regime
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Feds are sitting on a huge pile of decaying buildings. A private business would sell these off, but this task is apparently too difficult for federal bureaucrats.
Original article: https://mises.org/wire/why-bureaucrats-are-sitting-so-much-money-losing-real-estate
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
As with economic policy to "cure" recessions, the authorities’ health response is good at crippling markets, but never delivers what is promised.
Original article: https://mises.org/wire/diseases-recessions-government-failure-endemic
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The fact that NOTA is not a genuine, nonsymbolic ballot option proves that the political class merely pays lip service to the concepts of integrity and the will of the people.
Original article: https://mises.org/wire/canadians-should-be-able-vote-none-above
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In the age of covid, governments have decided to embrace a new kind of policy: they'll hold the population hostage until the public complies with what the state wants.
Original article: https://mises.org/wire/covid-lockdowns-signal-rise-public-policy-ransom
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters.
Original article: https://mises.org/wire/defense-speculator
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurs are developing a new world of innovative business models far from regulated markets, crony capitalism, and corporate control. It’s a new world of cyber security, free software, value-for-value exchange, integrated with bitcoin. Max Hillebrand operates in this new world, and he shares both his vision and his expertise on the Economics For Business podcast.
Show notes: https://mises.org/library/max-hillebrand-free-software-entrepreneurship-bitcoin
Max’s website: https://TowardsLiberty.com
Some examples of free software tools: https://btcpayserver.org https://wasabiwallet.io https://value4value.io
Professor Mohammad Keyhani’s Entrepreneur Tools: https://Mises.org/E4B_136_Tools
Cryptoeconomics: Fundamental Principles of Bitcoin by Eric Voskuil: https://Mises.org/E4B_136_Book
Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers.
Original article: https://mises.org/wire/youll-be-shocked-learn-theres-corruption-fed
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
From the darkened cinema to the football field to the airport screening line, the US government inflated the actual threat of terrorism and the necessity of an aggressive military response.
Original article: https://mises.org/wire/us-military-propaganda-film-sports-and-tv-its-everywhere
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Isn’t a principle of nonaggression against others another way of stating the self-ownership principle? "Not necessarily," says the insightful philosopher Chandran Kukathas.
Original article: https://mises.org/wire/self-ownership-necessary
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Without establishing the underlying causes of boom-bust cycles, employing policies in response to changes in economic indicators to counter economic cycles is likely to destabilize the economy.
Original article: https://mises.org/wire/can-economic-data-explain-timing-and-causes-recessions
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
When a politician says "do the right thing," what he means is "do what I say, or else."
Original article: https://mises.org/wire/what-they-really-mean-when-they-say-do-right-thing
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world.
Original article: https://mises.org/wire/war-has-declined-west-because-war-isnt-worth-it-rich-countries
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks.
Original Article: https://mises.org/wire/fed-helping-facilitate-trailer-park-evictions
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Biden's vaccine mandates are yet another dangerous frontier in using a perceived or real crisis to justify an immense expansion in state power and control over the population.
Original Article: https://mises.org/wire/bidens-vaccine-mandates-its-about-power
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
For the foreign-policy non-interventionist, some schools of thought in international relations are much better than others. "Liberal hegemony" (the favored school of neoconservatives) has long supported endless war and intervention by the US regime worldwide. We discuss how we can use "realist" research to move the foreign policy needle away from liberal hegemony and toward a more sane foreign policy.
Guest: Zachary Yost (Mises.org/Yost) is a Marcellus Policy Fellow with the John Quincy Adams Society.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
As long as Big Pharma wants it, and if there's a profit to be made, apparently our government will be there to provide lots of taxpayer funding. Actual healthcare is apparently a secondary concern.
Original Article: https://mises.org/wire/legacy-corruption-fda-and-big-pharma
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed’s apparent plan to somehow get to full employment and then deal with inflation sounds nice, but reality could easily derail the plan. Meanwhile, job growth is low and prices are rising.
Original article: https://mises.org/wire/feds-plan-failing-stagflation-looms-job-growth-stalls
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.
Original article: https://mises.org/wire/what-texass-unilateral-immigration-policy-tells-us-about-washington
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.
Original article: https://mises.org/wire/rebutting-paul-krugman-austrian-pandemic
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression.
Original article: https://mises.org/wire/why-fed-so-desperate-hide-price-inflation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob reviews Mark Spitznagel's latest book, "Safe Haven: Investing for Financial Storms," on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought.
Find links mentioned in this show at https://mises.org/BMS213
Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis.
Original article: https://mises.org/wire/how-cheat-cost-benefit-analysis-double-count-benefits
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurial action occurs in time. This brings uncertainty, because of continuous change. We can’t know what will be our future result, yet we must produce now in order to discover it. Are there answers to this conundrum? Yes. They’re found in action, and the timing of action. Mark Packard joins the Economics For Business podcast to share his research.
Show notes: https://Mises.org/library/mark-packard-how-put-time-your-side
"How to Master Time" (PDF): https://Mises.org/E4B_135_PDF1
"Value is a Learning Process" (PDF): https://Mises.org/E4B_135_PDF2
The people who really run California aren't going anywhere. Even if California voters throw out Newsom very little will change in state government.
Original article: https://mises.org/wire/california-economic-paradise-paul-krugman-thinks-so
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Some slippery slope arguments are a case of bad reasoning, but those presented by Mises and Hayek are not among them.
Original article: https://mises.org/library/slippery-slope-arguments-and-tyranny
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Contra Mr. Biden, this is entirely about freedom and personal choice.
Original Article: https://mises.org/wire/against-bidens-mandates
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
China faces a wide variety of demographic, geopolitical, and economic limits on the regime's power. And, socialism and Keynesianism don't work any better in China than in the USA. Moreover, contrary to the myth, China is not run by politicians who are brilliant geniuses who "play the long game."
"China’s Military Strength Has Been Greatly Exaggerated" by Ryan McMaken: https://Mises.org/RR_59_Article1
"China's Biggest Problem Isn't Trump, It's a Broken Banking System" by Tho Bishop: https://Mises.org/RR_59_Article2
"If the US Wants to Beat China, Why Is It Copying China's Socialism?" by Mihai Macovei: https://Mises.org/RR_59_Article3
"China’s Military Strength Has Been Greatly Exaggerated" by Ryan McMaken: https://Mises.org/RR_59_Article4
"China Won't Be Taking Over the World" by Joseph Solis-Mullen: https://Mises.org/RR_59_Article5
"The China Model Is Unsustainable" by Doug French: https://Mises.org/RR_59_Article6
Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
On the heels of Biden's vaccine mandate announcement, Dr. Murray Sabrin joins the show to discuss his new book on escaping the state's medical fascism. 'Universal Medical Care from Conception to End of Life' lays out the sobering reality of our unsustainable "health care" system. It explains the ruinous policies which changed doctors from respected guardians of patients to functionaries for government and third party insurance companies—and the unsustainability of our current path. But the book also shows us the way out. The model for market medicine is simple enough: patients pay cash for basic services, have high-deductible catastrophic insurance for emergencies (priced according to actuarial realities), while charitable hospitals and clinics serve the truly poor and indigent. Heroic entrepreneurial doctors already operate in this cash-only marketplace, and Sabrin's book gives us a road map for delivering better and cheaper medical care to millions of Americans.
Watch The Mises Institute's Medical Freedom Summit held in June: https://Mises.org/Med21
Buy Dr. Sabrin's fascinating new book: https://Mises.org/SabrinBook
When I came to the US from Italy, I came as a sort of economic refugee, escaping Italy's economic stagnation. But now America seems intent on copying Italy's path to impoverishment.
Original article: https://mises.org/wire/americas-economy-heading-down-same-road-italys
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."
Original article: https://mises.org/wire/preserving-capital-through-bankruptcy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Governments are seeking to mandate vaccine usage in a variety of ways, even while vaccine producers are shielded from full legal accountability should their treatments cause harm. That should raise some red flags.
Original article: https://mises.org/wire/wapo-editors-liberty-requires-us-implement-vaccine-passports
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Life in American changed twenty years ago after the 9/11 attacks. Many Americans became enraged at anyone who did not swear allegiance to Bush’s antiterrorism crusade.
Original article: https://mises.org/wire/remember-when-conservatives-canceled-anyone-against-war-terror-i-do
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony.
Original article: https://mises.org/wire/chinas-military-strength-has-been-greatly-exaggerated
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a regulated, risk-mitigated world. We must ask what could be possible in a different world, and act on that basis. Sound economics supports such action. Per Bylund takes us through his thinking about The Unrealized.
Show notes: https://mises.org/library/bylund-unrealized
Per Bylund's book, The Seen, The Unseen, And The Unrealized: https://Mises.org/E4B_134_Book
Mises U 2021 presentation, "The Seen, The Unseen And The Unrealized": https://Mises.org/E4B_134_Lecture
"The Broken Window Fallacy" by Robert P. Murphy: https://Mises.org/E4B_134_Article1
"Compounding Shortfalls in Innovation" by Hunter Hastings: https://Mises.org/E4B_134_Article2
"Mark Spitznagel: At What Price Safety?" — another take on The Unrealized from an investing perspective: https://Mises.org/E4B_134_Article3
The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will suit their purposes.
Original article: https://mises.org/wire/some-conservatives-still-pine-good-ol-days-cannabis-prohibition
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Having branched to our first novel with All Quiet on the Western Front, the Human Action Podcast begs your indulgence for one of the works of 20th century British satire. Lucky Jim is the late Kingsley Amis's seminal send-up of campus life, and it's among your host's favorite books. The book takes place in 1951, and England is trying but failing to lose its class distinctions. The protagonist Jim Dixon is singularly unfit for the academic life he's chosen, and the opportunities for Amis to skewer both the academy and English society are manifest.
Allen Mendenhall of Troy University joins the show to discuss the academic pretenses and foibles punctured by Amis, along with great insights about Amis's background and political views. If you like satire, don't miss this show or this book!
Many landlords just received a crash course about how irrelevant their property rights are in Washington.
Original article: https://mises.org/wire/end-bizarre-cdc-rent-moratorium
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In a free, unhampered market, businesspersons in the pursuance of their goals will not require macroeconomic indicators. Entrepreneurs require an entirely different kind of data than what government data provides.
Original article: https://mises.org/wire/macroeconomic-data-tool-government-intervention
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Canadian hospitals operate under fixed budgets dictated by the government. When this tax revenue is depleted before the end of the year, as often happens, new patients are put on a waiting list. This problem isn't getting any better.
Original article: https://mises.org/wire/british-columbias-supreme-court-gets-f-healthcare-economics
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Austrian economics has a lot to say about how to organize firms for maximum value generation. Austrian principles point to the delegation of entrepreneurial judgement to the front-line employees who interact directly with those who actually create value: users.
The military organization models of the twentieth century, involving command-and-control in hierarchical structures, are slow to change, and the management literature evidences an unwillingness to abandon the hierarchy. But there is a fast-growing industry that’s the locus of prodigious value generation where the hierarchy has already been abandoned and flat networks of distributed judgement are taking its place. Ulrich Möller is one of several Austrian economists who are studying the firms in the video game industry and demonstrating how their findings can bring positive organizational change to the rest of the business world.
Show notes: https://mises.org/library/ulrich-moller-video-game-industry-points-future-organization-design
"The Future of Organizational Design" — our E4B Knowledge Graphic (PDF): https://Mises.org/E4B_133_PDF
"Levels without Bosses? Entrepreneurship and Valve’s Organizational Design" by Ulrich Möller and Matthew McCaffrey: https://Mises.org/E4B_133_Paper1
"Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework" by Ulrich Möller and Matthew McCaffrey: https://Mises.org/E4B_133_Paper2
Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life.
Original article: https://mises.org/wire/where-prices-come-menger-explains
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it.
Original article: https://mises.org/wire/dont-be-fooled-feds-taper-talk
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Many Lithuanian politicians are embracing outright segregation of unvaccinated Lithuanians. Fortunately, many Lithuanians are resisting. This fight is not about opposing vaccines, but about protecting basic freedom of choice.
Original article: https://mises.org/wire/lithuanias-crackdown-unvaccinated
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Eleven states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit.
Original article: https://mises.org/wire/happy-hour-may-be-getting-little-happier
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Some think that beer's history of regulation begins with hops, but beer has been hemmed in by government red tape for much longer.
Original article: https://mises.org/wire/beer-short-and-bitter-history-regulation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Gold was only included in the plans for the Bretton Woods system because of the veneer of solidity it gave.
Original article: https://mises.org/wire/bretton-woods-and-spoliation-europe
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Fans of Austrian economics know hedge fund manager Mark Spitznagel as a brilliant thinker thoroughly steeped in Menger, Böhm-Bawerk, Mises, and Rothbard. His excellent 2013 book The Dao of Capital was rooted in Austrian capital theory and "roundaboutness," and his application of of that theory has proven highly beneficial for his investors.
Now Spitznagel is back with a new book that directly challenges our understanding of risk. Safe Haven asks, and answers, a fundamental question: can mitigating risk actually add to the bottom line? Can safe havens be truly cost-effective, by adding to CAGR? Mises Institute Senior Fellow Robert Murphy, who consulted on the book, joins the show for a fascinating look at Spitznagel's penetrating and contrarian thesis. If you're interested in the intersection of investing and Austrian economics, don't miss this episode!
Mark Spitznagel's Safe Haven: Investing for Financial Storms on Amazon: https://Mises.org/SafeHaven And Spitznagel's 2013 book The Dao of Capital: Austrian Investing in a Distorted World on Amazon: https://Mises.org/Dao
The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations.
Original article: https://mises.org/wire/end-gold-standard-fifty-years-monetary-insanity
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In 1971, Nixon used a fiscal crisis to justify severing the dollar's last connection to gold. It was the same old story: "we must vastly expand government power because of a 'crisis.'" The government never gives up these new powers.
Original article: https://mises.org/wire/how-nixon-and-fdr-used-crises-destroy-dollars-links-gold
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Bob gives a brief history of money in the United States, explaining that the dollar was much "harder" in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold.
Find links and articles mentioned in this article at mises.org/BMS212
The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today.
Original article: https://mises.org/wire/great-keynesian-coup-august-1971-fifty-years-later
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Victor Davis Hanson's cartoonish conception of how foreign states act is not supported by history and contributes to the US government’s insane defense expenditures and destructive crusades around the globe.
Original article: https://mises.org/wire/paranoia-about-american-weakness-rests-flawed-understanding-history
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Most Egyptians have lived their whole lives in a country where the government heavily subsidizes bread prices. But now the deeply indebted Egyptian state faces some tough choices, and Egypt's poor may suffer the most.
Original article: https://mises.org/wire/egypts-bread-subsidies-may-bring-millions-brink-starvation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Saifedean Ammous is a knowledge entrepreneur. He creates new knowledge that’s valued by his customers, because it helps them to think better and better informs their actions. He carefully appraises the knowledge provided by great thinkers of the past, and re-presents in a newly compelling fashion. He develops effective memes and ideas. He innovates in channels and distribution. He demonstrates how knowledge entrepreneurship can work in the 21st Century's globally-connected and digitally-connected economy. He joins the Economics For Business podcast to share some of his learnings and experiences.
Show notes: https://mises.org/library/saifedean-ammous-knowledge-entrepreneurship
"Knowledge Entrepreneurship" — our E4B Process Map (PDF): https://Mises.org/E4B_132_PDF
https://Saifedean.com
The Bitcoin Standard (in over 20 language translations): https://Mises.org/E4B_132_Book1
The Principles Of Economics: https://Mises.org/E4B_132_Book2
The Fiat Standard: https://Mises.org/E4B_132_Book3
Twitter for Saifedean.com: @saifedean
Twitter for Saifedean Ammous: @SaifedeanAmmou6
Even at a "mere" two-percent level, cumulative price increases over time are nothing to scoff at. Even worse, if we look at what people really spend money on, price inflation doesn't much reflect the conclusions of "official" stats.
Original article: https://mises.org/wire/two-percent-inflation-lot-worse-you-think
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Fifty years after Nixon closed the gold window, prices are heading toward 1970s-era increases. Yet the Fed cannot increase interest rates as long as the politicians keep creating billions of new debts.
Original article: https://mises.org/wire/secret-ronald-reagan-told-me-about-gold-and-great-nations
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner.
Original article: https://mises.org/wire/pentagon-and-generals-wanted-disastrous-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Fear of China and Iran, combined with the more practical desire for continued “free” money from the federal government, will continue to fuel opposition to any serious movement toward secession.
Original article: https://mises.org/wire/welfare-payments-and-foreign-policy-fears-are-only-things-holding-america-together
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
There is no reason to expect the Afghanistan debacle to humble Washington policymakers. Korean War fiascos were swept under the rug, paving the way for the Vietnam War. The cycle didn't end there.
Original article: https://mises.org/wire/kabuls-collapse-and-dcs-incurable-arrogance
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In 1971, David Rockefeller favored a “new international monetary system with greater flexibility” and “less reliance on gold.” Seeing an opportunity to expand his own power, Richard Nixon enthusiastically embraced the scheme.
Original article: https://mises.org/wire/how-nixon-and-rockefellers-teamed-destroy-dollar
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price.
Original article: https://mises.org/wire/demise-gold-standard
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
When we think in terms of the foundational law of property, it's clear that broad charges of aggression through infection are spurious at best.
Original article: https://mises.org/wire/pandemics-infection-and-libertarianism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nixon's decision to end the gold redeemability of the greenback was probably the most comprehensive act of monetary expropriation of modern times.
Original article: https://mises.org/wire/crime-71-when-nixon-ended-dollars-last-connection-gold
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
John Tamny chronicles the profound ignorance and malfeasance of policy makers at all levels during 2020.
Includes a Question-and-Answer period. Recorded in Colorado Springs on August 21, 2021. Special thanks to William Brennan for sponsoring this event.
Was Covid merely the excuse to justify new police powers under the guise of public heath—powers politicians will use to impose draconian controls in the future?
Recorded in Colorado Springs on August 21, 2021. Special thanks to William Brennan for sponsoring this event.
After more than a year of unprecedented state intervention in our private lives, have Americans accepted a grim "new normal"?
Recorded in Colorado Springs on August 21, 2021. Special thanks to William Brennan for sponsoring this event.
The scientific method has served us well to date. The entrepreneurial method, informed by the principles of Austrian economics, can take society much further. Dr. Saras Sarasvathy joins the Economics For Business podcast to distill the essence of the value generating and wealth producing method.
Show notes: https://mises.org/library/saras-sarasvathy-entrepreneurial-method
"The Entrepreneurial Method" (PDF): https://Mises.org/E4B_131_PDF
Among the innovations planned for the Economics For Business platform is a series of encapsulations of important research papers. Here is a sample:
"The World-Making Scope Of The Entrepreneurial Method — An Encapsulation" By Gabriele Marasti (Original paper: "The Middle Class Of Business"): https://Mises.org/E4B_131_PDF2
Effectual Entrepreneurship (PDF): https://Mises.org/E4B_131_Book
"What Makes Entrepreneurs Entrepreneurial?" (PDF): https://Mises.org/E4B_131_Paper
"Entrepreneurship As Method: Open Questions for an Entrepreneurial Future" (PDF): https://Mises.org/E4B_131_Article
All the propaganda that whitewashes the Cuban dictatorship is based on two lies: the nonexistent “blockade” and the allegedly excellent “public health.”
Original article: https://mises.org/wire/cuba-dictatorship-and-blockade-lie
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Many people want the state to take the lead in revitalizing run-down towns. How does this make sense, when it is private industry that conceived these towns in the first place?
Original article: https://mises.org/wire/private-investment-answer-declining-postindustrial-towns
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Western intellectuals are trying to tear down symbols of traditional colonialism. Yet the West still continues a form a colonialism in Africa: eco-imperialism.
Original article: https://mises.org/wire/eco-imperialism-wests-new-kind-colonialism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Republicans put a free market happy face on the latest environmentalist policy prescriptions in DC, but that does not change the fact that centrally planned climate policy is terrible economics.
Original article: https://mises.org/wire/unmasking-latest-bipartisan-and-dangerous-climate-bill
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It wasn’t "fascism" or "Russia" that normalized lockdowns, mandates, and massive whirlwind profits to politically connected cronies in the West—it was the alleged defenders of "liberal democracy."
Original article: https://mises.org/wire/covid-tyranny-destroys-myth-liberal-democracy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
If every new virus or variation warrants shutdowns or new vaccines, we will face an unending dystopian hellscape of state intervention in our medical decisions.
Original article: https://mises.org/wire/end-shutdown-again
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We should be extremely concerned about the short and diminishing impact of monster stimulus plans.
Original article: https://mises.org/wire/government-stimulus-keeps-having-diminishing-effect
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.
Original article: https://mises.org/wire/using-goods-vs-exchanging-them-menger-explains-difference
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jeff Deist hosts a solo show to discuss one of his favorite novels from childhood, All Quiet on the Western Front. Its young protagonist Paul Bäumer, barely out of adolescence, narrates the horrors of trench warfare from the perspective only a grunt soldier can provide. Bäumer and his mates lose their innocence, along with various limbs and often their lives.
But what makes the book so compelling is not simply the description of wartime savagery, but the dialogue between the men: stripped of any illusions, they see the futility of killing and maiming simply to capture a few more feet of no-man's land. The dialogue in Chapter 9 between the men, arguing about whether states of "people" go to war, is masterful.
This is a book every passionate antiwar advocate needs to read time and again.
All Quiet on the Western Front on Amazon: Mises.org/AllQuiet Jeff Deist's review of They Shall not Grow Old: Mises.org/ShallNot
Creating a functioning and sustainable local economy is much more time consuming and complicated than sprucing up a few buildings to look good on a TV show.
Original article: https://mises.org/wire/revitalizing-town-takes-lot-more-fixing-few-buildings-tv-show
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.
Original article: https://mises.org/wire/seen-and-unseen-government-rd
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Every time something good seemed to emerge from Tinbergen’s work, he seems to have managed to twist it in an awful direction.
Original article: https://mises.org/wire/jan-tinbergen-pioneer-central-planning
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The capital gains tax cuts off start-ups and smaller entrepreneurs from access to flows of capital. The tax makes society more wasteful, less innovative, and less dynamic.
Original article: https://mises.org/wire/its-time-abolish-capital-gains-tax
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Faced with countless demographic, economic, and strategic problems, China is more likely to collapse than take over the world.
Original article: https://mises.org/wire/china-wont-be-taking-over-world
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurship is the great force for social good — in fact, the greatest force for good in the history of civilization. It’s the system of continuously improving the lives of others so we can improve our own lives. Through entrepreneurship, we can achieve greater and greater levels of community, collaboration and societal advance. Eamonn Butler, Co-Founder and Director of the Adam Smith Institute, has written what he calls a Primer for understanding and appreciating the wonderful institution of entrepreneurship. He highlights some of the key points on the Economics For Business podcast.
Show notes: https://mises.org/library/eamonn-butlers-primer-entrepreneurship-and-its-social-good
Entrepreneurship: A Primer: https://Mises.org/E4B_130_Book1
Austrian Economics: A Primer: https://Mises.org/E4B_130_Book2
Classical Liberalism — A Primer: https://Mises.org/E4B_130_Book3
Ludwig von Mises — A Primer: https://Mises.org/E4B_130_Book4
Friedrich Hayek: The Ideas and Influence of the Libertarian Economist: https://Mises.org/E4B_130_Book5
The Condensed Wealth of Nations: https://Mises.org/E4B_130_Book6
For the libertarian, the way forward is not joining in left-right political boxing matches, but secession. The success of libertarianism is independence from the state’s influence.
Original article: https://mises.org/wire/getting-galts-gulch-everyday-secession
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Macron says vaccines are not compulsory for the general public for now, but they are essentially required for anyone who wants to live a normal life.
Original article: https://mises.org/wire/forced-vaccinations-france-bring-both-repression-and-protest
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins.
Original article: https://mises.org/wire/sound-money-versus-fiat-money-effects-boom-bust-cycle
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Political candidates are offering endless government spending and "free stuff" for everyone. But at the same time, governments appear incapable of performing even basic duties like ending street riots.
Original article: https://mises.org/wire/governments-are-failing-their-most-basic-duties-while-promising-free-stuff
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Canada's "private" long-term care homes are anything but private. But the fact a small sliver of the marketplace is allowed to charge fees for services means activists want even more socialized medicine.
Original article: https://mises.org/wire/canadas-wait-times-healthcare-are-huge-activists-blame-free-markets
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
US car owners are being preyed upon by thieves, because South African mine owners are being preyed upon by their government.
Original article: https://mises.org/wire/why-are-thieves-stealing-so-many-catalytic-converters
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
If the US wants to strengthen its economic and geostrategic position versus China, it needs to apply the same free market principles that made it prosperous and powerful in the first place.
Original article: https://mises.org/wire/if-us-wants-beat-china-why-it-copying-chinas-socialism
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations.
Original article: https://mises.org/wire/fannie-and-freddie-are-just-government-agencies-theyre-likely-stay-way
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The cognitive dissonance of American academia and journalism is on full display in this survey.
Original article: https://mises.org/wire/theres-new-study-showing-26-americans-are-right-wing-authoritarians-theres-nothing-scientific
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay.
Original article: https://mises.org/wire/government-debt-starting-look-almost-sketchy-payday-loans
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates.
Original article: https://mises.org/wire/weak-jobs-recovery
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that disdains free enterprise.
Original article: https://mises.org/wire/bidens-economic-team-predicts-long-term-slow-growth
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We often hear these minimum wage laws are well intentioned. I cannot agree. Minimum-wage laws are evil in their methods (coercion) and evil in their goals (to make people believe they’re dependent on government).
Original article: https://mises.org/wire/my-case-against-minimum-wage-laws
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high.
Original article: https://mises.org/wire/can-dollar-survive-both-cryptocurrencies-and-china
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream.
Original article: https://mises.org/wire/livestock-bitcoin-legitimacy-and-evolution-money
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In Europe, there is no competitive market for electrical power. And since power is an important factor of production, it also means the overall marketplace is wasteful, inefficient, and sluggish.
Original article: https://mises.org/wire/why-europes-highly-regulated-power-market-so-bad-growth
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Countless Americans have been repeatedly told to “follow the science,” supposedly to prove they are not obstinately closed-minded. But the main purpose of it all was just to open people’s minds to what government bureaucrats wanted.
Original article: https://mises.org/wire/open-mind-no-use-when-its-open-lies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
An Indiana University health officer laments that incentives such as access to events, donuts, french fries, and even hard cash are no longer moving many Americans to fall in line with vaccination.
Original article: https://mises.org/wire/sticks-not-carrots-vaccines-must-be-forced-says-indiana-university-health-chief
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The risk of government expropriation of private property remained low, and Botswana rejected antiwhite reformist politics which destroyed capital in many other countries in the region. Economic success has been a result.
Original article: https://mises.org/wire/how-botswana-became-worlds-fastest-growing-economy
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
With such a messed-up economy, why is it still hard to spot a bust on the horizon?
Original article: https://mises.org/wire/investors-are-lookout-crash-prices-keep-going
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed says it "provides the nation with a safe, flexible and stable monetary and financial system." Can we all breathe easier now?
Original article: https://mises.org/wire/fed-says-it-stabilizes-economy-im-skeptical
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We may be told price controls are a temporary necessity, as in 1971 under Nixon. But one thing is certain: price controls will do nothing to resolve the issues underlying the inflation.
Original article: https://mises.org/wire/will-feds-try-price-controls-fix-price-inflation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America.
Original article: https://mises.org/wire/feds-collect-most-taxes-america-so-they-have-most-power
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair.
Original article: https://mises.org/library/there-such-thing-good-inflation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice.
Original article: https://mises.org/wire/why-biden-wants-cap-state-and-local-tax-deductions
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl.
Original article: https://mises.org/wire/fed-plans-raise-interest-rates-years-now
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.”
Original article: https://mises.org/wire/mortgage-companies-cash-pandemic-relief
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The experts claimed that if any state ended its stay-at-home orders “prematurely,” its economy would become even more devastated than if it remained locked down. The experts were wrong.
Original article: https://mises.org/wire/experts-said-ending-lockdowns-would-be-worse-economy-lockdowns-themselves-they-were-wrong
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that.
Original article: https://mises.org/wire/thanks-federal-megaspending-trade-deficit-has-only-gotten-worse
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways.
Original article: https://mises.org/wire/why-producer-prices-lumber-prices-are-rising-faster-cpi
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency.
Original article: https://mises.org/power-market/3-common-criticisms-crypto-and-why-theyre-wrong
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The "trickle down" effect is real in how capitalists are motivated to expand affordability of their products and services. Mobile phones and air travel were once just luxuries enjoyed by a select few, but are now widely affordable.
Original article: https://mises.org/wire/real-trickle-down-effect-making-luxuries-affordable-regular-people
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Governments would like to take credit for the level of entrepreneurship in their countries. Entrepreneurship leads to value creation (happier voters) and economic growth (more to tax). But, as Per Bylund points out in "The Seen, The Unseen And The Unrealized" (Mises.org/E4B_129_Video), governments’ actions restrain entrepreneurship.
Dr. Samuele Murtinu joins the Economics For Business podcast to explain both how and why governments fail in their best efforts to help entrepreneurial businesses succeed.
Show notes: https://mises.org/library/samuele-murtinu-how-and-why-governments-fail-venture-capital
"Public vs. Private Venture Capital" (PDF): https://Mises.org/E4B_129_PDF
Professor Bradley Birzer from Hillsdale College joins the show to dissect Russell Kirk's famous 1981 essay condemning libertarians. Is libertarianism necessarily utopian and unworkable, as Kirk suggests? Is it hubris to imagine we don't need the state—or even God—to prevent social chaos? Do libertarians have more in common with Communists than conservatives? Or was Kirk simply attacking an absurd strawman of the atomistic individual, with Rothbard as the particular (unstated) target of his ire? Dr. Birzer is a thoroughgoing scholar of Kirk, and provides great insights into the context and thinking behind this critique.
Russel Kirk's "Libertarians, The Chirping Sectaries": https://Mises.org/Kirk Rothbard's "Myth and Truth About Libertarianism": https://Mises.org/HAP77a Dr. Birzer's "Kirk and the Libertarians": https://Mises.org/HAP77b Hornberger's "An Open Letter to Russell Kirk": https://Mises.org/HAP77c
Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said (see Mises.org/E4B_126) about Austrian economics in relation to business: It just works.
In episode #127 (Mises.org/E4B_127), Matt McCaffrey outlined the Austrian strategy process of Explore and Expand, and its logic development. This week, he helps us dig deeper to identify the principles of Austrian economics that underpin our distinctive approach to business strategy.
Show notes: https://mises.org/library/matt-mccaffrey-austrian-business-strategy-part-2-principles
"Austrian Entrepreneurial Principles" (PDF): https://Mises.org/E4B_128_PDF
Austrian Perspectives on Entrepreneurship, Strategy, and Organization by Nicolai J. Foss, Peter G. Klein, and Matthew McCaffrey: https://Mises.org/E4B_127_Book
Featuring Per Bylund, Tom DiLorenzo, Sandy Klein, Patrick Newman, Tim Terrell, and Mark Thornton. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.
Featuring Lucas Engelhardt, David Gordon, Jeffrey Herbener, Peter Klein, Jonathan Newman, Ritenour, and Joseph Salerno. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.
Cronyism: Liberty versus Power in America, 1607-1849 | Patrick Newman by Mises Institute
Austrian Alternatives to Conventional Economic Statistics | Jonathan Newman by Mises Institute
Mises's Theory of Socialist Destructionism: The American Reality | Thomas J. DiLorenzo by Mises Institute
Strategy is not the formulation of a plan. It is emergent from a process of exploration and discovery. Austrian economics is the best guide for entrepreneurial firms to put in place the methods and organization that unleash the power of emergence. Matt McCaffrey joined Economics For Business for a detailed exposition of the Austrian approach to Business Strategy.
Show notes: https://mises.org/library/matt-mccaffrey-austrian-business-strategy-part-1-emergent-not-planned
"Emergent Strategy Process Map" (PDF): https://Mises.org/E4B_127_PDF
Austrian Perspectives on Entrepreneurship, Strategy, and Organization by Nicolai J. Foss, Peter G. Klein, and Matthew McCaffrey: https://Mises.org/E4B_127_Book
"Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework" by Matthew McCaffrey and Ulrich Möller (PDF): https://Mises.org/E4B_127_Paper1
"'When Harry Met Fritz': Rules as Organizational Frameworks for Emergent Strategy Process" by Nicolai J. Foss, Matthew C. McCaffrey, and Carmen Elena Dorobăț (PDF): https://Mises.org/E4B_127_Paper2
Featuring Peter Klein, Sandra Klein, Shawn Ritenour, and Jeffrey Herbener. Recorded at the Mises Institute in Auburn, Alabama, on 19 July 2021.
Saifedean Ammous, famous for The Bitcoin Standard, has a remarkable new book detailing the effects of fiat money on virtually every aspect of society. In the tradition of Guido Hülsmann's The Ethics of Money Production, Ammous returns with The Fiat Standard. From a framework of Austrian economics, this book explains the sordid history of central banks severing currencies from gold redemption—both to finance war and enjoy the political benefits of default. But it also considers the far-ranging effects of inflation on civilization: as time preference increases, everything gets worse. Education, food, architecture, family, and science all suffer, as inflation makes us live today at the expense of tomorrow.
On the 50th anniversary of Nixon's gold shock, The Fiat Standard is an amazing explication of how the West fell to its current state. You don't want to miss this show, especially Saifedean's epic takedown of fiat academia at the end!
Firms that can unlock the deep secrets of subjective value can unleash powerful, long-lasting value streams. When these flow in a confluence with well-identified market drivers, revenue and profit growth can be greatly accelerated.
Joe Matarese tells Economics For Business how he conjoined these two forces for his medical staffing service firm, creating a dynamic market leader from a three-person startup.
Show notes: https://mises.org/library/joe-matarese-defines-whole-new-level-customer-value-build-high-growth-service-firm
"Driving Growth With Core Customer Value Insights" (PDF): https://Mises.org/E4B_126_PDF
"Medical Staffing and the Revolutionary Innovations We Need," presented by Joe Matarese at the Mises Institute's Medical Freedom Summit: https://Mises.org/E4B_126_Video
Medicus Healthcare Solutions: https://MedicusHCS.com
Murray Rothbard's seminal 1965 essay "Left and Right: The Prospects for Liberty" reads every bit as well today as it did 50 years ago. Rothbard defines liberalism and conservatism against the backdrop of the European Old Order, and skewers the incoherence of both in their modern forms. This brief work, steeped in history and full of optimism, shows Rothbard as a careful and strategic thinker about ideological and political movements. Mises.org editors Tho Bishop and Ryan McMaken join the show to explain the tremendous descriptive power of this essay, and why we need Rothbard as much as Burnham, Machiavelli, or Sun Tzu when it comes to strategy.
"Left and Right: The Prospects for Liberty": Mises.org/LeftRight
Originally appearing in 'Left and Right: A Journal of Libertarian Thought' (Spring 1965, pp. 4-22), this article is occasioned by the startlingly uncritical attitude American conservatives have shown toward the consolidation of state power that has been unleashed since the atrocities of September 11. Narrated by Jeff Riggenbach.
Wokeness may now be a public relations strategy—a method of appealing to the moral sensibilities of the upper-middle-class woke American consumer.
Original Article: https://mises.org/wire/why-americas-oligarchs-are-moving-left
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.
Original Article: https://mises.org/wire/home-prices-soaring-shoppers-fear-buying-top-bubble
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurs seek to provide markets with new value through innovation wherever they can identify an opportunity. Their vision is broad enough to include free market institutions such as contracting, where they identify new and better ways to expand the mutuality of value and better relationship models than those in the traditional legal approach.
Show notes: https://mises.org/library/steven-phelan-innovation-contracting
"Contracting In The New Economy" (PDF): https://Mises.org/E4B_125_PDF1
"A New Approach To Contracts" (PDF): https://Mises.org/E4B_125_PDF2
Financial journalist John Tamny has written the definitive book on the disastrous political mismanagement of Covid-19—and the resulting (still unfolding) calamities. When Politicians Panicked is a superb analysis of the economic tradeoffs ignored by alarmist Covid policymakers, and a blow by blow account of their bungling in the early months of 2020. But this is also a book about economic growth, employment, markets and prosperity, with well-supported arguments written in Tamny's clear prose. Tamny helps readers See the Unseen, namely that terrible consequences of lockdowns far exceed any danger posed by the virus.
Let's hope the experts he skewers in this book take notice.
When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason by John Tamny: https://Mises.org/Panicked
https://JohnTamny.com
The United States has long supported the idea of secession and "self-determination" for some faraway colonies. But the US regime is careful to define self-determination so as to deny any chance of secession closer to home.
Original article: https://mises.org/library/why-us-supports-secession-africans-not-americans
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Henry Hazlitt’s second law is the observation that everything in Keynes's General Theory is either unoriginal or untrue. Keynes's theory of unemployment equilibrium is the most original aspect of his work.
Original Article: https://mises.org/wire/why-keynes-was-wrong-about-unemployment
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The recent sale of an invisible statue for £13,000 is symptomatic of the thoroughgoing financialization of our economy. Investors have become ever more obsessed with the symbols of economic reality and less concerned with underlying economic facts.
Original Article: https://mises.org/wire/much-ado-about-nothing-art-market
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The automation doomers assume that when jobs are eliminated by automation in one place, that the number of jobs are permanently gone. For this to be true, there would have to be no growth in the need for labor elsewhere.
Original Article: https://mises.org/wire/guaranteed-basic-income-solution-robots-taking-our-jobs
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In June 2021, Missouri passed a new law stating it would not assist in the enforcement of federal gun laws. Tho and Ryan discuss how states can use strategies like this to resist federal laws within the states. Marijuana legalization and opposition to the Fugitive Slave Acts provide compelling historical examples.
"Missouri Tells the Feds: We Won't Enforce Your Gun Laws" by Ryan McMaken: Mises.org/RR_58_01
"When Nullification Works, and When it Doesn’t" by Ryan McMaken: Mises.org/RR_58_02
"The Feds Collect Most of the Taxes in America—So They Have Most of the Power" by Ryan McMaken: Mises.org/RR_58_03
"Nebraska and Oklahoma Sue Colorado Over Legal Cannabis" by Ryan McMaken: Mises.org/RR_58_04
"Nullification Works: Congress Ends Federal Ban on Medical Marijuana" by Ryan McMaken: Mises.org/RR_58_05
Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of economics, at https://Mises.org.
Bob concludes his series on areas where he's changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, his notorious inflation bets, Nelson Nash's Infinite Banking Concept, and the God of the Bible.
Find articles and links mentioned in this episode at mises.org/BMS206
An unbanked population, an economy dependent on remittances, and dollarization. These combine to make El Salvador a perfect case study for bitcoinization.
Original Article: https://mises.org/power-market/el-salvador-blazes-path-bitcoinization
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Value-as-experience is an insight from Austrian economics. Value is not inherent in objects or even in services. Value is not derived from functional use, but is the good feeling the consumer experiences during consumption. Consistent with the Austrian understanding of the market as a process, value is a process. It plays out in time in the consumer’s mind. Consumers learn what is valuable to them in the process of choosing and consuming and evaluating.
These insights add some under-appreciated marketing considerations to a firm’s capabilities, such as an appreciation of situational traits and of the importance of context. Irene Ng provides the E4B podcast audience with a set of contemporary tools to design new experiences and even create new markets in the era of the "Internet of Things" (IoT).
Show notes: https://mises.org/library/irene-ng-designing-new-consumer-experiences-era-iot
"Designing New Consumer Experiences in the Era of IoT" (PDF): https://Mises.org/E4B_124_PDF
"The Internet of Things: Review and Research Directions" by Irene Ng and Susan Wakenshaw" (PDF): https://Mises.org/E4B_124_Paper1
"Service Ecosystems: A Timely Worldview" by Irene Ng (PDF): https://Mises.org/E4B_124_Paper2
"Mimicking Firms: Future of Work and Theory of the Firm in a Digital Age" by Irene Ng (PDF): https://Mises.org/E4B_124_Paper3
Value & Worth: Creating New Markets in the Digital Economy by Irene Ng: https://Mises.org/E4B_124_Book
Biden's plan to give more money to Central American regimes will do nothing to compensate farmers, businessmen, and others still victimized by the US war on drugs.
Original Article: https://mises.org/wire/guatemala-human-rights-nightmare-us-drug-war
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Matt McCaffrey is an Austrian economist who is currently associate professor of entrepreneurship at the University of Manchester. He talks with Bob about American economist Frank Fetter, before moving on to a staple of his research: the connection between Chinese military history and entrepreneurship.
Find articles and links mentioned in this episode at mises.org/BMS205
However one may feel about immigrants, both historical experience and an honest reading of the US Constitution makes it clear that the federal government is not, in fact, empowered to enforce immigration.
Original Article: https://mises.org/wire/texas-says-it-can-enforce-immigration-restrictions-texas-right
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
Professor Roberta Modugno joins the show to finish our look at Rothbard's seminal treatise on normative libertarianism, The Ethics of Liberty. Dr. Modugno elaborates on Rothbard's disagreements with Mises regarding ethical justifications for a free society, and defends his uncompromising views on the nature of the state.
Find links and articles mentioned in this episode at https://mises.org/HAPod72
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
"The cronies and their government pals are increasingly exposed. As the co-founder of the Free Market Medical Association, I am filled with optimism watching the growth and acceptance of market discipline in this industry."
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more.
Recorded in Salem, New Hampshire, on June 17, 2021.
The proper selection of a firm’s financial source does not guarantee its success, but the wrong one assures its failure.
Austrian capital theory delivers actionable insights for business. Austrian theory emphasizes capital’s economic role in generating customer revenue flows. Since these flows are variable, entrepreneurial capital must exhibit a capacity for agile and flexible combination and re-combination to keep revenue flows refreshed and current, Since capital structure plays an important role in entrepreneurial judgment, decisions, and action, it must support fast, flexible and unconstrained decision making. Businesses can benefit from their understanding of capital through this Austrian lens. Sergio Alberich helps the Economics For Business podcast listeners, and business practitioners in all kinds of businesses at all stages for their development, to "Think Austrian" in matters of capital structure.
Show notes: https://Mises.org/library/sergio-alberich-capital-structure-and-capital-flexibility
"Austrian Capital Financing" (PDF): https://Mises.org/E4B_123_PDF1
"Austrian School vs. Neoclassical School" (PDF): https://Mises.org/E4B_123_PDF2
Government schools have always been tools of the regime for teaching state-approved ideology and culture. The rise of critical race theory is just the latest phase for America's public schools system.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of economics, at https://Mises.org.
That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults.
Original article: https://mises.org/library/they-dont-hate-gold-because-its-gold-they-hate-it-because-its-not-government-money
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
There’s a middle class of businesses that are the backbone of the economy. Professor Saras Sarasvathy coined that term, and we’re pleased to adopt it.
These businesses sit between the big corporations of the major stock indexes and the VC-funded gazelles and unicorns of Silicon Valley and Silicon Hills. The watchwords for these backbone businesses are duration and durability. They last and prosper because they are well-run, following the entrepreneurial method.
Entrepreneurship is usually portrayed from the perspective of ends: identifying unmet customer needs, creating new and innovative solutions, taking them to market, making a success.
That’s all true. However, there is another perspective that comes from actually running a business, ensuring that operations are smooth and efficient, monitoring daily cash flows and monthly P&Ls, and managing people’s performance.
Often, running a business requires an intensified focus on means. Cash flow, operations, employee performance — these are means, and running a business is a science of managing means. Business advisor Andrew Frazier helped us focus on means in this week’s Economics For Business podcast.
Show notes: https://Mises.org/library/andrew-frazier-running-your-business
"Running Your Business" (PDF): https://Mises.org/E4B_122_PDF1
Visit Andrew Frazier’s Website: https://RunningYourSmallBusinessLikeAPro.com
Running Your Small Business Like A Pro by Andrew Frazier: https://Mises.org/E4B_122_Book
"The Masterpreneur Playbook Summary" (PDF): https://Mises.org/E4B_122_PDF2
Today, the political system really is in many ways what H.L. Mencken suggested when he described elections as a sort of "advance auction of stolen goods." The only answer lies in reducing the number of stolen goods available.
Original Article: https://mises.org/wire/why-corporate-lobbyists-and-special-interest-groups-wont-go-away
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Price "stability" has never been a feature of a free marketplace. Stability is an obsession of central banks, and the day may come when central bankers intervene to "stabilize" crypto prices. That will be a bad thing.
Original Article: https://mises.org/wire/why-wild-swings-crypto-prices-are-not-really-problem
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mises.org editor Ryan McMaken joins the show to tackle some of the toughest and most controversial chapters of Rothbard's groundbreaking treatise The Ethics of Liberty. McMaken and Jeff Deist cover abortion, the rights of children, defamation, and all the "what ifs" contained in lifeboat situations. They also move into Part III of the book, where Rothbard pulls no punches concerning the nature of the state, its internal contradictions, its anarchic relationship to other states, and its inescapable role as predator and parasite. This is a can't-miss episode for anyone who questions the role of government in society.
Find links and articles mentioned in this episode at https://mises.org/HAPod71
Scott Sumner is a monetary economist with the Mercatus Center. He famously argued in late 2008 that the Fed was too tight with monetary policy, and eventually he has convinced many economists of his views. In this episode he explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.
New York City subways are in deep financial trouble and the quality of service is in a downward spiral. Yet even talking about privatization is verboten.
Original article: https://mises.org/wire/new-york-politicians-have-no-idea-how-fix-subways
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It’s been said by democracy’s critics that the system is essentially two wolves and a sheep deciding what’s for dinner. But to its defenders, democracy has been described as an ethical ideal and a way of life—these conceptions nearly implying a metaphysical manifestation
Original Article: https://mises.org/power-market/democracy-according-office
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général. Translated by Chantal Saucier. Edited by Mark Thornton.
This audio book is made available through the generosity of Mr. Tyler Folger. It is narrated by Millian Quinteros.
An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général. Translated by Chantal Saucier. Edited by Mark Thornton.
This audio book is made available through the generosity of Mr. Tyler Folger. It is narrated by Millian Quinteros.
1.8. Some Artisans earn more, others less, according to the difference Cases and Circumstances by Mises Institute
1.12. All Classes and Individuals in a State subsist or are enriched at the Expense... by Mises Institute
1.14. The Desires, Fashions, and the Ways of Life of the Prince determine the Use to which Land... by Mises Institute
1.10. The Price and Intrinsic Value of a Thing in general is the measure of the Land and Labor... by Mises Institute
1.9. The Number of Laborers, Artisans and others, who work in a State is naturally propotioned... by Mises Institute
1.13. The Circulation and Exchange of Goods and Merchandise as well as their Production... by Mises Institute
1.7. The Labor of the Plowman is of less Value than that of the Artisan by Mises Institute
2.4. Further Reflection on the Rapidity or Slowness of the Circulation of Money in Exchange by Mises Institute
2.8. Further Reflections on the Increase and Decrease of Money in a State by Mises Institute
1.15. The Increase and Decrease of the Number of People in a State chiefly Depends on the Taste... by Mises Institute
1.16. The more Labor there is in a State the more the State is judged naturally rich by Mises Institute
2.6. The increase and decrease in the quantity of hard money in a State by Mises Institute
2.10. The Causes of the Increase and Decrease of the Interest of Money in a State by Mises Institute
3.4. The variations in the proportion of values with regard to the Metals which serve as Money by Mises Institute
3.7. Further Explanations and Enquiries as to the Utility of a National Bank by Mises Institute
While the recent clamp-down on power from public universities has mainly been in the realm of speech and expression, like almost every other government institution, they have used covid-19 as an opportunity to control students further.
Original Article: https://mises.org/power-market/government-schools-use-covid-excuse-tighten-totalitarian-grip
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A good definition of the tragedy of the commons is that "resources that are unowned and/or unownable will be plundered to extinction."
Original Article: https://mises.org/power-market/government-ultimate-cause-tragedy-commons
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Private security tends to provide its services to the highest bidder. And you know that almost always ends up being the regime itself. Corn farmers just can’t cut the same kinds of checks that tax farmers can.
Original Article: https://mises.org/wire/private-security-isnt-enough-why-america-needs-militias
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Anyone considering going to the very conservative College of the Ozarks knows what he's getting into. Yet the Biden administration has launched a war on this tiny college in the name of "equality" for transgendered students who have no reason to ever set foot there.
Original Article: https://mises.org/wire/why-are-progressives-obsessed-transgender-policies-college-ozarks
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Value facilitation is a creative act of imagination, design, assembly, communication and agile responsiveness. Our Economics For Business model applies these actions in the pursuit of new economic value. Bill Sanders, an expert in contract negotiation in business, applies them in dealmaking and business relationship management. His book, Creative Conflict: A Practical Guide For Business Negotiators, provides a highly actionable model for value facilitation in contract negotiations.
Show notes: https://Mises.org/library/bill-sanders-how-creative-conflict-expands-value-pie
E4B Tool: The Negotiation Value Mapping Checklist (PDF): https://Mises.org/E4B_121_PDF1
E4B Knowledge Map: The Negotiating Continuum (PDF): https://Mises.org/E4B_121_PDF2
Bill’s Book Creative Conflict: A Practical Guide For Business Negotiators: https://Mises.org/E4B_121_Book
The difficulty Trump encountered in trying to even slightly scale back American military schemes shows just how far Americans are from abandoning the idea that the United States is the indispensable nation entitled to fight wars always and everywhere.
Original Article: https://mises.org/wire/america-still-loves-warfare-state
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy."
Original Article: https://mises.org/wire/how-facebook-turned-its-market-success-culture-war-america
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We're beginning to see some early attempts by private firms to provide simple, affordable private security beyond wealthy or corporate clients.
Original Article: https://mises.org/wire/private-security-apps-may-be-future-neighborhood-policing
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It seems absurd to have to point out that economic cannibalism, even in the face of a virus, cannot produce anything but devastation, but alas, we live in absurd times.
Original article: https://mises.org/wire/economic-cannibalism-will-not-save-mexico-or-any-other-country
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It's too late for American member states to assert real independence from the central government without facing an avalanche of legal, political, and even military opposition. Europeans would be wise to not put themselves in a similar position.
Original article: https://mises.org/wire/decentralization-why-eu-may-be-better-us
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Many have long speculated that there is a correlation between economic prosperity and the length of women's hemlines. But perhaps it's now "mom jeans," with their high waists and ample fit, that indicate the true state of the economy.
Original article: https://mises.org/wire/forget-hemlines-mom-jeans-are-now-economic-indicator
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Most people understand that it's a good thing when others invest money and capital in your community. But when Canadian investors offered to pour money into France as part of a deal to buy a French company, the regime said no thanks.
Original article: https://mises.org/wire/why-french-government-running-foreign-investors
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The "People over Profits" mantra is once again is being heard in Washington. But this time we're hearing about it from business lobbyists themselves who are now parroting leftwing slogans about "social responsibility."
Original article: https://mises.org/wire/theres-no-conflict-between-profit-and-social-responsibility
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Two things should concern us. First, the weakness of the recovery in the middle of the largest fiscal and monetary stimulus seen in decades, and second, the short and diminishing effect of these programs.
Original article: https://mises.org/wire/more-evidence-american-economic-recovery-will-disappoint
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In response to a listener request, Bob continues a 3-part series explaining areas where his views have changed. In this episode, he covers government debt and future generations, accuracy in polemical writing, the Fed being a private corporation, whether nice guys finish last, and mainstream utility theory.
Find articles and links mentioned in this episode at https://mises.org/BMS203
Economists recognize the phenomenon of increasing returns. Knowledge markets such as those for software, operating systems and platforms, tend to tilt in favor of a product or service or brand that gets ahead, even to the point of lock-in. There is a growing body of theory — often under the heading of complexity theory, and supported by computational simulation — underpinning the concept of increasing returns.
Mark Schaefer is expert at bringing economic theories of this kind into vibrant contemporary life. He coined the term Cumulative Advantage, and wants all entrepreneurs to know how to harness it.
First of all, it’s not new. It’s in the bible: For whoever has will be given more. Sociologist Robert K. Merton therefore called it The Matthew Effect.
How can entrepreneurs and their firms take advantage of increasing returns to achieve cumulative advantage? Consistent with the processual approach to value of Austrian economics, Mark has a five-step process.
Show notes: https://mises.org/library/mark-schaefer-cumulative-advantage
"Cumulative Advantage — The Theory of Increasing Returns" (PDF): https://Mises.org/E4B_120_PDF
Cumulative Advantage: How to Build Momentum for your Ideas, Business and Life Against All Odds by Mark Schaefer: https://Mises.org/E4B_120_Book
Mark Schaefer’s website: https://BusinessesGrow.com
B Squared Media: https://BSquared.media
Biden and congressional Democrats are seeking to turbocharge their push for a new domestic terrorism law to permit widespread federal crackdowns on their opponents. Any rigged commission would likely pour gasoline on a fire that could singe far more American rights and liberties.
Original article: https://mises.org/wire/bogus-january-6-commission-poses-real-threat-freedom
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mises: "The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action."
Original article: https://mises.org/wire/why-economic-models-cant-provide-realistic-picture-human-behavior
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Like any other piece of aggregate government data, cause-of-death data is used to justify new government interventions and policies. But there are good reasons to suspect there are many problems in compiling and auditing this data.
Original article: https://mises.org/wire/why-cause-death-stats-arent-reliable-cdc-wants-you-think
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
As the world’s second-largest economy attempts to return to its pre-crisis glory days, Beijing could potentially deal with a new pandemic that could have a sweeping effect on financial markets at home and abroad: a bond default crisis.
Original article: https://mises.org/wire/chinas-new-pandemic-bond-default-crisis
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Lawyer and legal theorist Stephan Kinsella joins the show as we dive into Part II of Rothbard's The Ethics of Liberty, grappling with the foundational issues of crime, proportionality, and contract. When is property justly held? When may injuries to a person or property be addressed with force, and how much force? How do we deal with one another contractually, in terms of promises and expectation? How do we resolve disputes privately? Rothbard presents a remarkable exposition of a theory of liberty, a normative justification for laissez-faire which was sorely lacking. Kinsella does a remarkable job of explaining Rothbard's concepts with force and clarity, so you won't want to miss this episode!
Find links and articles mentioned in this episode at https://mises.org/HAPod70
We've seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you're already rich in assets, inflation is a big nothing burger. But it's a problem if you're poor.
Original article: https://mises.org/wire/inflation-great-if-youre-already-rich
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Elizabeth Warren has decided that bitcoin mining uses "too much" electricity. This raises an important question: Is Senator Warren qualified to decide on the "correct" amount of electricity usage?
Original article: https://mises.org/wire/does-bitcoin-use-too-much-electricity-0
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Thanks to so many government restrictions on the use of potential monies that aren’t the dollar, we can only guess as to what the relationship between dollars and bitcoin would be in a functioning marketplace. But it doesn't have to be that way.
Original article: https://mises.org/wire/lets-level-playing-field-between-dollar-and-competing-currencies
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The covid panic brought an end to due process in many ways. Among these are the end of speedy trials and the end of a timely hearing for landlords to obtain evictions. Meanwhile, governments have seized private businesses with no due process at all.
Original article: https://mises.org/wire/how-covid-put-end-your-right-due-process
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
In response to a listener request, Bob starts a 3-part series explaining areas where his views have changed. In this episode, he covers trade deficits, justice vs. mercy, the 2000 election, WMDs in Iraq, and Arrow's Theorem.
Find articles and links mentioned in this episode at https://mises.org/BMS202
Governments always justify printing more money with the excuse that there is no inflation. When inflation rises, they say it is transitory. And when inflation soars, governments blame businesses and shop owners, presenting themselves as the solution with “price controls.”
Original article: https://mises.org/wire/investors-wont-buy-transitory-inflation-line
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
It is no surprise that the corporate media tends to showcase and honor experts whose views tend to reflect the views of media pundits and editors themselves. The idea that the public might prefer other experts leaves these pundits in dismay.
Original article: https://mises.org/library/americas-corporate-thought-police
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
We often hear that capitalism is under fire: in contemporary politics, in journalism, in popular discourse, and even in some business schools and among some management scholars and their students. But the criticism, upon examination, is not about capitalism but cronyism. The two are entirely separate systems, and the corruption and corporate political activities of cronyism are not exhibited in capitalism, and will never appear if we can adhere to capitalism’s purest form, entrepreneurship.
Show notes: https://mises.org/library/peter-klein-cronyism-capitalism-and-entrepreneurial-pathway
"Capitalism, Cronyism, And Management Scholarship: A Call For Clarity" (forthcoming in Academy Of Management Perspectives) by Peter Klein, Michael Holmes, Nicolai Foss, Siri Terjesen, and Justin Pepe (PDF): https://Mises.org/E4B_119_Paper
In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions.
Original Article: https://mises.org/wire/real-estate-boom-vegas-more-frenzied-ever
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Murray Rothbard's The Ethics of Liberty is a sweeping treatise which creates nothing short of a normative political philosophy of liberty. Contra Hume, Rothbard attempts to derive an "ought" from an "is," using natural law precepts and rigorous logic. Professor Walter Block joins the show to discuss the first section of the book, and gives us his unstinting (and always deontological!) take on Rothbard's vitally important treatment of natural law philosophy as the foundation for a free society.
There are also lots of great Blockean anecdotes you'll want to hear!
The Audiobook version of The Ethics of Liberty is available at Mises.org/EthicsAudio Read Hans-Hermann Hoppe's introduction to the 1998 edition work at Mises.org/EthicsHoppe Find David Hume's A Treatise on Nature at Mises.org/Hume
Social democrats love to denounce low-tax, probusiness regimes as "neoliberal" and as places with more poverty. But the reality is that parts of Europe that embraced markets most reduced poverty while making their citizens richer.
Original Article: https://mises.org/wire/these-european-countries-beat-poverty-and-increased-wealth-low-taxes-and-low-regulation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Some advocates of self-driving cars argue that their adoption would mean that very few people would actually own a vehicle anymore. We'd all just rent rides on self-driving Uber cars. This would be a dream come true for advocates of lockdowns and stay-at-home orders.
Original Article: https://mises.org/wire/dystopian-future-which-almost-no-one-owns-car
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Perhaps reporter Michelle Kosinski is unaware that the Trump-era secrecy she denounced flourished mightily thanks to the beloved Obama administration. Kosinski’s mindset also helps explain why Americans' trust in the media has collapsed.
Original Article: https://mises.org/wire/media-wants-you-trust-washington-again-now-trump-gone
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
One of the most in-demand aspects of physical cash is that it is totally fungible. Every dollar is the same as every dollar. But cryptocurrencies can leave a digital trail which may lead to later problems in fungibility.
Original Article: https://mises.org/wire/why-fungibility-important-understanding-money-and-crypto
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Only a bureaucrat would assume that putting a small child in public school is just as effective as keeping the child at home with a parent. Unfortunately for Biden, the research isn’t on his side.
Original Article: https://mises.org/wire/bidens-family-leave-yet-another-attack-family
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Seemingly endless amounts of fiscal and monetary stimulus will keep prices rising in the near term. But if the banking sector and other bubble industries weaken, we will eventually see deflation as new loan activity lessens.
Original Article: https://mises.org/wire/boom-bust-how-inflation-turns-deflation
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.