Mises Media

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

Dr. Jonathan Newman joins Charlotte McLeod and presents a primer on Austrian economics. They discuss discusses gold’s role as money and why “Fed independence” is largely political theater in practice. Jonathan also lays out a practical, Rothbardian framework for ending the Federal Reserve.

The original Investing News Network interview is online at https://www.youtube.com/watch?v=zv1lTKA1aAw.

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/MinorIssuesTumbler

Be 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

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/RadioRothbard

Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

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

On this episode of Power and Market, Ryan, Connor, and Tho discuss Pam Bondi being fired, the SCOTUS taking up Trump's executive order on birthright citizenship, and the difference between realist and naive libertarians. 

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

This week, Bob explains Cantillon effects: the insight that new money doesn't raise all prices equally or simultaneously, but flows through the economy in a sequence that benefits early recipients at the expense of everyone else. Then, he shows why this phenomenon is the foundation on which the entire Austrian theory of the business cycle is built.

Related:

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

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

To call Trump’s actions king-like is to greatly understate the problem. What we actually face is a massive, self-amplifying executive branch that makes deranged presidents far more dangerous than an actual king could ever be.

Read the article here: https://mises.org/mises-wire/our-problem-isnt-kings-its-presidency

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

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

On the latest episode of Minor Issues, Mark Thornton discusses the recent whiplash in precious metals: historic run-ups, sharp pullbacks, and renewed claims of manipulation. He also explains how, as war and liquidity pressures evolve, markets pivot back to credit stress, rising interest rates, and ballooning government debt. What will central banks do next?

Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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/RadioRothbard

Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Bob untangles two arguments that even Austrian economists sometimes conflate: Mises' calculation problem and Hayek's knowledge problem. Then, he explains why the distinction matters, especially in light of recent claims that AI and modern computing could finally make central planning viable.

Related:

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Drawing on Rothbard's writings on money and central banking, Murray Sabrin makes the case that inflation is a hidden tax, the Federal Reserve is neither independent nor beneficial, and that ending central banking is the unfinished business of the American Revolution.

Part of the faculty panel entitled "What Rothbard Can Teach the Informed Layperson About Economics". 

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.

Dr. Per Bylund unpacks Rothbard's concept of the capitalist entrepreneur as the economy's true mover and shaker: the figure who not only forecasts future consumer demand but puts real capital behind those forecasts, bearing uncertainty and driving the structure of production.

Part of the faculty panel entitled "What Rothbard Can Teach the Informed Layperson About Economics". 

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.

Drawing on Rothbard's essay on inequality and the division of labor, Dr. Lucas Engelhardt argues that human diversity is the very foundation of comparative advantage and prosperity, and that billionaires arise either by serving large numbers of people through the market or by extracting wealth through political connections.

Part of the faculty panel entitled "What Rothbard Can Teach the Informed Layperson About Economics". 

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.

Dr. Tate Fegley uses Rothbard's theory of demonstrated preference to dismantle the mainstream public goods framework, showing that claims of market failure and welfare improvement by the state have no scientific basis because they contradict what individuals actually reveal through their choices.

Part of the faculty panel entitled "What Rothbard Can Teach the Informed Layperson About Economics". 

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.

Drawing on Man, Economy, and State, Dr. Jonathan Newman walks through Rothbard's theory of price formation and competition, showing that prices reflect subjective preferences, not seller greed, and that the only consumer-harming monopolies are those created by the state.

Part of the faculty panel entitled "What Rothbard Can Teach the Informed Layperson About Economics". 

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 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

On this episode of Power and Market, Ryan, Tho, and Connor talk about the historic waits thanks to DC's monopoly on airport security, and Joe Kent's resignation over the Iran War.

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

Anyone who cares about American greatness must also refuse to allow us to become the kind of society that shrugs off the crimes our government commits in our name and with our money.

Read the article here: https://mises.org/mises-wire/immorality-trumps-war-iran-matters

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

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

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.

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/RadioRothbard

Radio 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.

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.

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.

Related:

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree