Mises Media
Podcasts, interviews, lectures, narrated articles and essays, and more. This is the Mises Institute's primary online media catalog.
California's Bullet-Train Delusion
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.Â
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Real ID Is Not About Keeping You Safe
With the deadline for obtaining the federal governmentâs Real ID technically upon us, itâs 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-safe
The Mises Institute is giving away 100,000 copies of Murray Rothbardâs, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook
Be sure to follow the Guns and Butter podcast at Mises...
The Method Behind Real Economic Thinking
Dr. Jonathan Newman returns to the Human Action Podcast to discuss the relaunch of the Mises Academyâincluding his new course based on Bob's Lessons for the Young Economist textbook. But this conversation goes much deeper than curriculum. Bob and Jonathan unpack the fundamental question: What is economics, really? They explore how Austrian economics differs from psychology, history, and the natural sciences, why economics is more about understanding than prediction, and how praxeology reveals the logical structure of human choice.
The New Mises Academy: Mises.org/HAP498aBob's Lessons for the Young Economist Textbook: Mises.org/HAP498bBob's Le...Powell, Trump, and the Austrian Business Cycle Time Bomb
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.Â
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 i...
Want to Pay Down the National Debt? First, Cut Federal Spending
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.Â
Be sure to follow the Loot and Lobby podcast at Mises.org/LL
Trump's First 100 Days: The Good and the Bad
Historian Chris Calton joins Ryan McMaken to discuss both the upsides and the downsides of Trump's first 100 days.Â
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The Trump Administration Is Not Serious About Ending Endless Wars
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-wars
The Mises Institute is giving away 100,000 copies of Murray Rothbardâs, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook
Be sure to follow the Guns and Butter podcast at Mises.org/GB
MAGA, MAHA, and the Nanny State
Dr. Robert Malone exposes how public health and pharmaceutical industries merged psychological warfare with government bureaucracy to drive fear, obedience, and massive overreach.
Recorded in Phoenix, Arizona, on April 26, 2025.
Special thanks to Dru Heaton, Jeff Leskovar, and Scott and Cathy Ullery for sponsoring this event.
Public Enemies: Government Bureaucrats as Societal Parasites
Mises Institute President, Tom DiLorenzo, explains how bureaucracy became a self-feeding monster, rewarding failure, wasting resources, and building the Deep State through civil service "reform."
Recorded in Phoenix, Arizona, on April 26, 2025.
Special thanks to Dru Heaton, Jeff Leskovar, and Scott and Cathy Ullery for sponsoring this event.
The Public Health Bureaucracy: Enemy of the Public, Enemy of Health
Tom Woods lays bare the madness of the public health bureaucracy during COVID, showing how blind rule-following replaced human life, joy, and basic decency.
Recorded in Phoenix, Arizona, on April 26, 2025.
Special thanks to Dru Heaton, Jeff Leskovar, and Scott and Cathy Ullery for sponsoring this event.
Why Do So Many Bad Economists Support the Austrian Position on Free Trade?
Why do economists across the spectrumâeven Paul Krugman and Karl Marxâsupport free trade? Mark Thornton explores this surprising consensus. Do tariffs force people to think more like economists, considering long-term ramifications taught by Bastiat and Hazlitt.
Is it a true understanding of the Austrian perspective, or just a fleeting moment of clarity? Mark suggests economists often compartmentalize principles, opening the door to conflicting ideologies.
Tune in to discover why free trade might be the one issue that forces economists to think straight, and what Austrians can learn from the mainstream.
Additional Resources"W...
Trump's Monetary Policy Favors the Wealthy over Ordinary People
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 âWall Street over Main Street.â
Be sure to follow the Loot and Lobby podcast at Mises.org/LL
Should Economists Champion Fed "Independence"?
Dr. Joe Salerno joins Bob to review the recent tensions between Donald Trump and Fed Chairman Jerome Powell. As Trump questions Powellâs leadership and Fed policy, they explore the deeper issues: Should central banks really be "independent"? Does the Fedâs shield from political oversight protect sound economicsâor merely insulate elites from accountability? Murphy and Salerno tackle myths about interest rates, inflation, debt monetization, and the Fedâs true relationship with government spending.
Trump's Truth Social Post on Inflation: Mises.org/HAP497aCan Trump Fire Federal Reserve Chair Jerome Powell?: Mises.org/HAP497bThe Mises In...
Why Did Trump Arrest a Student for Writing an Op-Ed?
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.
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Stop All Federal Funding of Universities
President Trumpâs threat to withhold $9 billion from Harvard University is being framed in the legacy media and academia as a threat to Harvardâs 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-universities
The Mises Institute is giving away 100,000 copies of Murray Rothbardâs, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook
Be sure to follow the Guns and Butter podcast at Mises...
Prospects for Hyperinflation
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...
Randall Wray's MMT Lecture Distorts History
The Modern Monetary Theory (MMT) crowd prides itself on fidelity to actual history. But Murphy shows how leading MMT guru Randall Wray completely distorts his discussion of two historical episodes in his college lecture.
Wray, "Modern Money Theory for Beginners": Mises.org/HAP496aThe NBER Paper on Colonial Virginia's Money Regime: Mises.org/HAP496bNPR Planet Money, "A Giant Stone Coin At The Bottom Of The Sea": Mises.org/HAP496cMilton Friedman, "The Island Of Stone Money": Mises.org/HAP496dBob's Article, "MMT and Treasury Debt Payoff": Mises.org/HAP496eThe Mises Institute is giving away 100,000...
Trump Wants Even More Military Spending
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.Â
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/rhw
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 PR...
Bringing the War on Terror to Our Southern Border Can Only End in Disaster
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-disaster
The Mises Institute is giving away 100,000 copies of Murray Rothbardâs, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook
Be sure to follow the Guns and Butter podcast at Mises.org/GB
The Twin Deficits
Youâve 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 âtwin deficits,â revealing why trade imbalances arenât necessarily bad, and how government borrowing distorts investment, fuels inflation, and weakens long-term prosperity. Mark cuts through the economic fog and shows whatâs really dragging us down.
Additional ResourcesâTrade Deficits and Fiat Currenciesâ by Robert Murphy: mises.org/MI_115_A
âThe Evil Twins: U.S. Federal Budget Deficits and U.S. Tradeâ by Jane L. Johnson: mises.org/MI_115_B...
Preface
The Preface to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
Introduction
The Introduction to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 1â28 in the print edition.
Chapter 1. Gratuitous Goods
Part One: The Nature of Gratuitous Goods
Chapter 1 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 29â62 in the print edition.
Chapter 2. The Nature of Donations
Part One: The Nature of Gratuitous Goods
Chapter 2 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 63â94 in the print edition.
Chapter 3. Motivations of Donations
Part One: The Nature of Gratuitous Goods
Chapter 3 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 95â116 in the print edition.
Chapter 4. Reciprocations
Part One: The Nature of Gratuitous Goods
Chapter 4 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 117â136 in the print edition.
Chapter 5. The Economics of Donations
Part Two: Gratuitous Goods in a Free Economy
Chapter 5 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 137â178 in the print edition.
Chapter 6. Beneficial Side Effects of Human Action
Part Two: Gratuitous Goods in a Free Economy
Chapter 6 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 179â218 in the print edition.
Chapter 7. The Equivalence Postulate
Part Two: Gratuitous Goods in a Free Economy
Chapter 7 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 219â246 in the print edition.
Chapter 8. Natural Limits to Gratuitous Goods
Part Two: Gratuitous Goods in a Free Economy
Chapter 8 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 247â260 in the print edition.
Chapter 9. Interventionism
Part Three: Gratuitous Goods and the State
Chapter 9 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 261â290 in the print edition.
Chapter 10. The State as a Provider of Gratuitous Goods
Part Three: Gratuitous Goods and the State
Chapter 10 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 291â332 in the print edition.
Chapter 11. Haunted Donations
Part Three: Gratuitous Goods and the State
Chapter 11 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 333â364 in the print edition.
Chapter 12. Interventionism and Side-Effect Goods
Part Three: Gratuitous Goods and the State
Chapter 12 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 364â392 in the print edition.
Conclusion
The Conclusion to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.
From pp. 393â398 in the print edition.
Why Trump Can't (or Won't) Abolish the IRS
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 Mises.org/LL
A Brief History of Immigration Policy in America
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.
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Thereâs Only One Possible Cause of the Next Recession, and It Isnât Tariffs
While President Trumpâs 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-tariffs
The Mises Institute is giving away 100,000 copies of Murray Rothbardâs, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook
Be sure to follow the Guns and Butter podcast at Mises.org/GB
Trump's Tariffs: Triffin Is Wrong, Ron Paul Is Right
In this episode, Bob breaks down the Triffin dilemma, explaining why it's wrong to assume that maintaining global reserve currency status requires ever-increasing U.S. trade deficits. He shows that Americaâs chronic deficits are driven more by government spending and fiat money than by global necessity, making the case that returning to fiscal discipline and sound moneyânot tariffsâis the key to reversing Americaâs economic decline.
Bob and Jonathan Newman on Misleading Charts: Mises.org/HAP495aHow Economists Evaluate Tariffs Versus Income Taxes: Mises.org/HAP495bThe St. Louis Federal Reserve Article on Historical U.S. Trade...Menger vs. MMT on the Origins of Money
Jonathan Newman joins Bob to discuss the debate between Austrians and MMTers on the origins of money. In the Anti-MMT panel at the Austrian Economics Research Conference (AERC), Jonathan presented his research on the archeological evidence that silver was used as money in ancient Mesopotamia and how the evidence vindicates Menger's theory on the origins of money. Jonathan and Bob walk through various MMT responses and make the case that the Austrian school is especially suited to critique Modern Monetary Theory.
The Anti-MMT Panel from the 2025 AERC: Mises.org/HAP494aElon Musk and Ted Cruz Discussing "Magic Money...