Mises Media

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. 

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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-safe

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/gabfreebook

Be sure to follow the Guns and Butter podcast at Mises...

Dr. Jonathan Newman returns to the Human Action Podcast to discuss the relaunch of the Mises Academy—including 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.

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 i...

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 Mises.org/LL

Historian Chris Calton joins Ryan McMaken to discuss both the upsides and the downsides of Trump's first 100 days. 

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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 Rothbard’s, 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

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.

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.

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 economists across the spectrum—even Paul Krugman and Karl Marx—support 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.

"W...

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 Mises.org/LL

Dr. Joe Salerno joins Bob to review the recent tensions between Donald Trump and Fed Chairman Jerome Powell. As Trump questions Powell’s leadership and Fed policy, they explore the deeper issues: Should central banks really be "independent"? Does the Fed’s shield from political oversight protect sound economics—or merely insulate elites from accountability? Murphy and Salerno tackle myths about interest rates, inflation, debt monetization, and the Fed’s true relationship with government spending.

The Mises In...

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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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-universities

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/gabfreebook

Be sure to follow the Guns and Butter podcast at Mises...

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...

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.

The Mises Institute is giving away 100,000...

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. 

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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 Rothbard’s, 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

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.

“Trade Deficits and Fiat Currencies” by Robert Murphy: mises.org/MI_115_A

“The Evil Twins: U.S. Federal Budget Deficits and U.S. Trade” by Jane L. Johnson: mises.org/MI_115_B...

The Preface to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

The Introduction to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 1–28 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 1 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 29–62 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 2 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 63–94 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 3 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 95–116 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 4 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 117–136 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 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 Economy

Chapter 6 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 179–218 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 7 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 219–246 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 8 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 247–260 in the print edition.

Part Three: Gratuitous Goods and the State

Chapter 9 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 261–290 in the print edition.

Part Three: Gratuitous Goods and the State

Chapter 10 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 291–332 in the print edition.

Part Three: Gratuitous Goods and the State

Chapter 11 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 333–364 in the print edition.

Part Three: Gratuitous Goods and the State

Chapter 12 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 364–392 in the print edition.

The Conclusion to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 393–398 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 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.

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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-tariffs

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/gabfreebook

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

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 America’s 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 money—not tariffs—is the key to reversing America’s economic decline.

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.