Mises Media

Professor Joseph Salerno traces how Rothbard's mastery of the praxeological method led him to the controversial but logically airtight conclusion that business cycles have a single, exogenous cause and a single cure.

The Murray N. Rothbard Memorial Lecture, sponsored by Steve and Cassandra Torello.

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. For more information, visit https://Mises.org.

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.  

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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.

In this 1960 essay, Murray Rothbard warns critics of scientism not to concede the very term science 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.

Professor Lucas Engelhardt examines how mainstream economics has deliberately abandoned the history of economic thought, and why Austrian economists must keep teaching and re-teaching the great debates of the past.

The Ludwig von Mises Memorial Lecture, sponsored by Don Printz.

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. For more information, visit https://Mises.org.

Jesús Huerta de Soto traces the Austrian school's intellectual roots from the Spanish scholastics to Rothbard, making the case that anarcho-capitalism is the natural endpoint of the classical liberal tradition.

The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.

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. For more information, visit https://Mises.org.

In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.

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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 e...

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

Dr. Catherine Pakaluk connects the dots between fiat money, the sexual revolution, and collapsing birthrates, arguing that a culture built on “sterile” choices can’t sustain real, long-run economic growth.

The Henry Hazlitt Memorial Lecture, sponsored by Murray and Florence M. Sabrin.

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. For more information, visit https://Mises.org.

The Ralph Raico Memorial Lecture, sponsored by Murray and Florence Sabrin. Presented at the Mises Institute in Auburn, Alabama.

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-either

Be 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

Daniela Cambone interviews Dr. Mark Thornton on why gold’s surge signals a deeper breakdown: collapsing confidence in dollar assets, runaway deficits, and debt-service costs heading for a fiscal wall. Mark also explains why he’s even more bullish on silver than gold, warning that precious metals aren’t a panacea without real monetary reform.

The original interview is available at https://www.youtube.com/watch?v=G1HNeez2v1g

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

On the latest episode of Minor Issues, Mark Thornton tackles the “Austrians don’t care about the poor” smear, arguing that Austrian monetary theory is designed to explain how political elites rig the system against working people. From Cantillon’s original gold mine thought experiment to today’s Fed-driven credit expansion, Mark explains how cheap money concentrates wealth and fuels the “K-shaped” economy, while a market-based monetary system would sharply limit this dynamic and restore more durable wage growth and stability.

"Share of Net Worth Held by the Top 1%" (Federal Reserve Bank of St. Louis): https://mises...

In commemoration of Murray Rothbard’s 100th birthday, Bob shares five “greatest hits” from Rothbard’s economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.

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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

On this episode of Power & 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 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-courage

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

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.youtub...

 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/RadioRothbard

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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

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

Trump has brought the US into war with Iran. Ryan, Tho, and Connor talk about the initial execution, the domestic fallout, the global costs, and what may come next. 

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 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-realize

Be 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

Bob uses Trump’s call to ban congressional insider trading as a springboard to explain why, from an Austro-libertarian perspective, insider trading and speculation could help markets work, while still justifying special rules for government employees.

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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=mgqsHCQxSrw

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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