Mises Media

Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, unify competing price indices, and handle changing preferences over time, and why Austrians shouldn’t dismiss him as a crank. He summarizes Eric’s claim that standard mathematical economics relies on the simplest kind of derivative, explaining how much of modern economic modeling is using the wrong math.

Related: 

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While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.

Original article: https://mises.org/mises-wire/risk-uncertainty-profits-and-modern-portfolio-theory

For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done is protect farmland.

Original article: https://mises.org/mises-wire/farmland-protection-policy-act-crisis-politics-and-quiet-socialization-land

Mark Thornton argues that interest is a core price that coordinates time, investment, and growth, and that the Federal Reserve has turned it into an administered number. Mark warns the long-run trend may be turning: bigger states and debts, weaker anti-inflation ideology, and aging populations imply longer, higher for longer. What are the implications? Keep that 2% Covid-era mortgage, expect poor long-bond returns and lower real equity performance, and look for commodities to fare relatively better. Gold’s surge shows some investors already see the shift.

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

Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

Original article: https://mises.org/mises-wire/inflation-interventionism-and-intergenerational-resentment

On this episode of Power and Market, Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell’s Fed talk, and the continuing realities of Obamacare.

Don't miss your chance to get a copy of Ryan McMaken's The Fight For Liberty: Past, Present, and Future during our year-end fundraising campaign. Donate before December 8th and have it doubled! Learn more here.

David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.

Original article: https://mises.org/mises-wire/bursting-bubble-was-fdr

As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less affordable as a total failure. But that wasn’t the true purpose of the ACA. It was always meant to prop up the faltering crony healthcare system.

Read the article here: https://mises.org/mises-wire/obamacare-was-not-failure

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

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Original article: https://mises.org/mises-wire/elon-musk-claims-money-will-become-irrelevant-he-right

In this special mid-week episode of Minor Issues, Mark Thornton joins Julia LaRoche for a wide-angle tour of the macro landscape, and why gold’s surge is a market verdict on deficits, rate manipulation, and fiat fatigue. Mark outlines the Austrian business cycle story behind today’s “everything bubble,” and explains why a more dovish Fed in 2026 won’t cure malinvestment. He also contrasts Bitcoin with commodity money and sketches a practical exit: sound money, hard budget constraints, and decentralization.

Check out The Julia LaRoche Show at https://JuliaLaRoche.com

Be sure to follow Minor Issues at...

Dr. Jeffery L. Degner explains how an “inflation culture” reshapes marriage, adulthood, and family life for Gen Z and contrasts it with a path of courageous independence, sound saving, and earlier family formation.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Dr. Mark Brandly examines what’s genuinely hard and what’s overstated about Gen Z’s economic situation, arguing that inflation, regulation, and a bloated welfare–bureaucratic state are driving their struggles, and urging students to learn economics and join the fight for liberty.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Connor O’Keeffe explains why the New Right’s economic populists have adopted a progressive myth of “laissez-faire gone wrong,” and instead shows how a century of inflation, bailouts, regulation, and managed trade has rigged the system against younger Americans.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Mises Senior Fellow Alex J. Pollock explains how the post-1971 “Nixonian” paper-money world makes the Fed both the engine of inflation and a prop for an oversized state, urging students to see central banking as the hidden arsonist behind booms, busts, and the erosion of their future purchasing power.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Marion Millar has been charged in Scotland with the crime of “malicious communication” due to tweets criticizing gender self-identification. 

Original article: https://mises.org/mises-wire/why-banning-hate-speech-evil

This week, Bob walks through two related debates: Hoppe’s criticism of Argentina's President Milei for not immediately closing Argentina’s central bank, and the follow-up exchange between Guido Hülsmann and Philipp Bagus on Mises.org over dollarization and the peso. Along the way, he reviews Mises’s distinctions among commodity, credit, and fiat money, the concepts of money substitutes and fiduciary media, and the interesting structure of Argentina’s short-term central bank debt

Inflation isn’t an economic metric—it’s a political tactic. When governments lie about inflation, they’re not miscalculating; they’re stealing from you. Mises Fellow Karl-Friedrich Israel explains to Peter McCormack how inflation quietly enriches asset holders, punishes workers, and pushes Europe into a slow, silent decline.

If your living standards are falling while politicians insist everything is fine, this conversation will make sense of it. If you still believe governments can print prosperity without consequences, you won’t enjoy what follows.

The original episode is available at https://www.petermccormack.com/episodes/133-karl-friedr...

On the latest episode of Minor Issues, Mark Thornton takes apart the media’s “K-shaped economy” cliché. He explains the divergence the Austrian way: Cantillon effects from decades of deficit spending and artificially low rates that lift asset holders and big borrowers, while eroding wages and pricing-out families. Mark shows why the usual fixes like tax tweaks and rate cuts backfire. He also lays out a real cure: deep federal spending cuts, program eliminations, market-set interest rates, and sound money that restores honest price signals for everyone.

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

The US regime is gearing up for another war. Get ready for another regime-change disaster like we got in Afghanistan, Libya, and Syria. 

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

This week Ryan and Zachary Yost take a look at international relations scholar John Mearsheimer's claim that Europe faces a bleak future as the United States pivots away from NATO. Can Europe thrive without American taxpayers' money? 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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The Mexican-War resulted in more territory for the new American empire, but the US government started it under false pretenses. A young US soldier who fought—Ulysses Grant—knew better, exposing the lies from Washington.

Original article: https://mises.org/mises-wire/unjustified-conflict-grants-memoirs-mexican-american-war

On this episode of Power and Market, Ryan, Connor, and Tho discuss military escalation with Venezuela, more troubling jobs data, and how college football offers an example of how financialization, politicalization, and bad economy theory can undermine great American traditions.

Don't miss your chance to get a copy of Ryan McMaken's The Fight For Liberty: Past, Present, and Future during our year-end fundraising campaign. Donate before December 8th and have it doubled! Learn more here.

The Lane Kiffin saga has dominated sports headlines this past week, highlighting the sea changes that have come over college sports—an especially college football—in the past decade. Much of this change is being driven by the easy money regime of the Federal Reserve.

Original article: https://mises.org/mises-wire/lane-train-and-rest-college-football-madness-has-been-fueled-easy-money

In a special midweek episode of the Minor Issues podcast, Mark Thornton appears on Palisades Gold Radio with Stijn Schmitz. Mark argues that gold’s surge isn’t a fad: it’s a market verdict on runaway deficits, central-bank credibility, and fiat money itself. He also explains why manipulated rates breed booms, busts, and inequality, while sound money and decentralization restore real signals.

The original episode ("Dr. Mark Thornton: Early Innings for Gold, Silver Manipulation, Black Swans & Failing Markets") is available at https://www.youtube.com/watch?v=c2FUnca1q3c

Be sure to follow...

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

Original article: https://mises.org/mises-wire/zohran-mamdanis-socialism-flunks-basic-economics

Mark Thornton dissects “contagion” hype and argues it’s not a market pathology. He shows why, in a free market, failures reallocate customers, labor, and capital to better firms rather than spread panic. Contagion appears only when government links balance sheets and distorts prices. Mark traces how credit booms set up busts, and why even the Fed now sits upside-down, while homeowners are “rate-locked” and supply is frozen. The takeaway: politicians and central bankers invoke "contagion" to demand more power and money, while their interventions cause the very fragility they decry.

See also "Fight Inflation Now" (Minor Issues, ep...

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.

Original article: https://mises.org/mises-wire/thanksgiving-celebration-domestic-life

Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the role of the Fed and the gold standard, and the notion that World War II ended the slump.

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

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

Original article: https://mises.org/mises-wire/thanksgiving-celebration-free-enterprise

50-year mortgages are likely to increase the likelihood of more "owners" becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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From the perspective of the state, the ideal society is one composed of single parents raising a small number of children in irreligious households.

Original article: https://mises.org/mises-wire/families-are-key-building-alternatives-state

In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism.

Original article: https://mises.org/mises-wire/thanksgiving-celebrating-birth-american-free-enterprise

As the economy worsens, expect to see more articles from legacy media about how saving money is actually bad for the economy. It's an old Keynesian myth.

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Dr. Robert Murphy explains why America’s chronic trade deficits trace to Nixon’s 1971 gold exit—not China—and how a popular reading of Triffin’s “dilemma” confuses the issue.

Sponsored by Dan Johnson and Randee Laskewitz.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

Dr. Wanjiru Njoya explains how “phony civil rights” expand state power at the expense of self-ownership and property, and offers a conservative-libertarian case for liberty rooted in reality.

Sponsored by Don Wills.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

Dr. Jeffrey Herbener explains why “Crusoe economics” isn’t a caricature but the indispensable starting point for economics and liberty—built from action, property, and exchange.

Sponsored by Steven Berger.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

Bob revisits capital and interest theory to show why the textbook result “interest = MPK” only holds in a one-good world, and why in actual markets the interest rate emerges from time, prices, and capital valuation—not raw productivity.

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

Mark Thornton traces seven headline “problems” back to one engine: monetary inflation. Drawing on Austrian insights, Mark explains how new money distorts prices and wages; why cheap credit spawns debt booms, asset bubbles, and zombie firms; how deficit finance and central banking turn war into a budget line; and why rising prices erode family formation, savings, and civic trust. He connects the dots to today’s policy mix and sketches a bottom-up remedy: hard budget constraints, sound money, and decentralization that restores real price signals. Mark makes the case that inflation isn’t just “too many dollars”: it’s the hidden sub...

Is minarchism an antidote for the growing statism and socialism infecting our body politic? Think of it as “statism lite.”

Original article: https://mises.org/mises-wire/minarchism-worst-kind-state-idolatry

On this episode of Power & Market, Ryan, Connor, and Tho discuss the latest jobs number data, what it means for the affordability crisis, the legacy of Dick Cheney, and Thanksgiving favorites."

Appearing on the John Curley Show, Ryan McMaken examines how policy—not culture-war slogans—undermines the American family. He points to marriage penalties in the tax and welfare code, inflation that erodes real wages, zoning and permitting that price families out of housing, and schooling/childcare mandates that shift authority from parents to bureaucracies. Rather than more top-down “family policy,” Ryan argues for decentralization: end the marriage penalties, curb monetary inflation, remove barriers to homebuilding and home-based work, and return decisions over education and child-rearing to parents and local communities. The result is a practical case for strengthening families by shrin...

The rent is too high. However, government interference into rental markets has been the main reason rents are so high in the first place.

Original article: https://mises.org/mises-wire/government-intervention-not-blackrock-blame-housing-crisis

Cheney was an architect of both Iraq wars, and he was a perennial supporter of the American surveillance state, torture, and more. 

Original article: https://mises.org/mises-wire/why-i-wont-be-mourning-dick-cheney

Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they are and how to fix them.

Read the article here: https://mises.org/mises-wire/how-actually-solve-affordability-crisis

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

We must realize that the two most powerful motivations in human history have always been ideology and economic interest, and that a joining of these two motivations can be downright irresistible.

Original article: https://mises.org/mises-daily/origins-welfare-state-america

Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.

Original article: https://mises.org/mises-wire/road-de-civilization-inflation-and-moral-erosion-society

Roger Williams, the Baptist minister whose libertarian views ran afoul of the Massachusetts Bay Colony authorities, should be honored as one of this country’s early libertarians.

Original article: https://mises.org/mises-wire/roger-williams-exemplar-americas-soul

Prompted by an online debate about whether economics belongs with the hard sciences, Bob reviews common defenses of mainstream practice and explains why they don’t settle the scientific status of the field. He outlines the Mises–Rothbard view: economics as praxeology (logic of action), closer to geometry than laboratory testing, with core insights on opportunity cost, incentives, prices, money, and policy constraints that don’t depend on forecasting the exact timing of crashes.

On this marathon episode of Minor Issues, Mark stitches together four recent interviews for a fast-moving tour of today’s economy: why gold spiked while precious metals whipsawed, how ballooning US debt and rising servicing costs tilt policy toward monetization, and what that means for inflation, markets, and families. Along the way Mark explains the Austrian lens behind his calls and why using it beats siloed, headline-driven takes.

Highlights include: the recent precious metals pullback and what to watch next; the mechanics of debt monetization; distributional effects that favor asset holders over wage earners; and why hyperinflation ri...

The revolutionaries include the pamphleteer writing in his study, the journalist, the agitator, the organizer, the campus activist, the theoretician, the philanthropist. 

Original article: https://mises.org/mises-wire/meaning-revolution

The government “shutdown” and the so-called threat to the food stamp program may be abated for now, but we need to understand why this program has metastasized in recent years. James Bovard tells us why.

Original article: https://mises.org/mises-wire/food-stamps-and-federal-war-self-reliance

On this episode of Power & Market, Ryan, Connor, and Tho talk about Trump's FDR-like proposal of a 50-year mortgage and the unfortunate reality that it seems to be one of the only actual policy ideas Republicans have left to "address" affordability.

November 11 was once known as Armistice Day, the day set aside to celebrate the end of WWI. In this essay Rothbard discusses the war as the triumph of several Progressive intellectual strains from the late 19th and early 20th centuries.

Original article: https://mises.org/mises-wire/rothbard-world-war-i-triumph-progressive-intellectuals

We libertarians may be anti-state, but that we are emphatically not anti-society or opposed to the real world, however contaminated it might be. 

Original article: https://mises.org/mises-wire/resisting-evil

President Trump has proposed a 50-year mortgage for new homebuyers, ostensibly to make housing more affordable. Actually, this financial instrument will make housing more costly and do nothing to address the root of this entire problem: the artificial housing shortage.

Read the article here: https://mises.org/mises-wire/50-year-mortgages-wont-make-housing-more-affordable

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

Dr. Jonathan Newman explains why we don’t need a central bank, and lays out a concrete, Rothbard-inspired plan for actually ending the Fed.

Sponsored by Andy Hord.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

Dr. Jonathan Newman joins the Human Action Podcast to discuss his recent QJAE article disputing the claim that 'sticky prices' prevent markets from clearing--i.e., when the quantity supplied equals the quantity demanded. Dr. Newman applies Mises’s “plain state of rest” to show that each voluntary exchange equates quantities supplied and demanded, so observed “stickiness” doesn’t imply non-clearing markets.

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

Is silver “manipulated,” or are fundamentals doing the work? Mark Thornton sifts the evidence and finds a simpler story. Big players have gamed markets before, but the long arc of silver prices reflects structural forces: the 1960s demonetization that pushed vast coin hoards into private stockpiles, decades of shifting industrial demand, and the rise of by-product mining. Add environmental compliance and hard-to-recycle “green” uses that sequester silver, and the result is stubbornly low real prices.

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

In this lecture from the 2025 Mises Institute Supporters summit, Ryan looks at how the modern state is built on the rapid rise of taxation in recent centuries.  

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

The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.

Original article: https://mises.org/mises-wire/dystopia-misdiagnosed-how-rich-drive-health-innovation

If Hobbes is right about human nature, then he is wrong about the state as a solution. Ironically, his key arguments for the state are actually key reasons against it.

Original article: https://mises.org/mises-wire/hobbess-accidental-case-against-state

On this episode of Power & Market, Ryan, Connor, and Tho take a look at this week's off-year elections. Were any of the outcomes a real surprise? Does Mamdami reflect the future of the left? Will affordability bring down MAGA? The roundtable discuss these questions and more.

While giddy socialists are proclaiming that Zohran Mamdani's electoral victory is the beginning of a socialist takeover of the U.S., the Democratic Socialists of America have a long way before they can complete their stated mission.

Original article: https://mises.org/mises-wire/election-mamdani-what-it-means-and-what-it-doesnt-mean

The justices that Trump appointed to the Supreme Court have shown a recent intolerance for the kinds of semantic leaps his administration is relying on to justify its tariffs. Will they remain consistent or fall in line behind the president?

Read the article here: https://mises.org/mises-wire/trumps-tariff-power-grab

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

Dr. Timothy Terrell explains how the federal government’s vast land holdings breed crowding, decay, and wildfire risk—and why returning land to private owners, guided by prices and responsibility, yields healthier parks and forests.

Sponsored by Brian and Shanna Tvenstrup.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

Dr. David Gordon explains why the leading philosophical defenses of taxation—from Rawls’s difference principle to Nagel & Murphy’s “myth of ownership”—collapse, and why natural rights still say taxation is theft.

Sponsored by Jane Shaffer, in Memory of Butler Shaffer.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

Ryan McMaken takes a deep dive on food stamp spending, food stamp recipients, and how Big Ag and other industry lobbyists fight to keep food stamp spending flowing and increasing. 

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

Dr. Shawn Ritenour draws on Mises to show that specialization and trade align long-run interests and raise living standards when prices are guided by sound money. He also argues that state interventions—especially Fed bailouts and credit expansion—pit citizen against citizen and fuel inequality, underscoring the need for real economic education of the kind fostered by the Mises Institute.

Sponsored by Don Printz.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

Is paying down the federal debt a recession trigger? Bob takes on the MMT claim and checks the record, citing US debt payoffs, Canada’s 1990s reforms, and ECB case studies. Conclusion: real wealth beats accounting tricks and paydowns aren’t a mechanical path to recession.

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

Speaking at the recent Mises Institute Supporters Summit, Mark Thornton argues that lasting reform comes from the bottom up, not from political edict. Drawing on Hayek’s “worst get to the top” insight, Mark contrasts elite-driven prohibition with the citizen-led wave of decriminalization and legalization across states and abroad. Mark also explains the role of “salutary neglect” by local officials, the Oregon backlash as a failure of property-rights enforcement—not of liberty—and the scholarly case against the drug war. The crux: markets and civil society integrate; top-down policy divides.

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

On this episode of Radio Rothbard, Jonathan Newman joins Ryan and Tho to discuss this week's Fed rate cut, and to breakdown down Jerome Powell's most recent press conference.

When studying praxeology, something as trivial as the recipe for chocolate cake can become a way to better teach us Austrian economics.

Original article: https://mises.org/mises-wire/recipes-rothbard-what-chocolate-cake-can-teach-about-economics

Murray Rothbard’s view of the origins of World War II has an important lesson for us today.

Original article: https://mises.org/mises-wire/murray-rothbard-and-world-war-ii-origins

Alex Pollock joins the Human Action Podcast to explain his recent Congressional testimony on the Fed’s growing insolvency and mandate overreach. The Fed now admits to $243 billion in operating losses and nearly $1 trillion in mark-to-market losses, leaving it with negative capital of about $197 billion. Pollock explains how the central bank transformed itself into “the biggest 1980s-style savings and loan in history” — funding short while buying long, and bleeding cash as interest rates rose.

The Mises Institute is giving away 100,000 copies of Hayek...

Henry Hazlett wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.

Original article: https://mises.org/mises-wire/all-means-elect-mamdani-and-watch-his-socialist-laboratory-work

Trump's team is citing the fentanyl crisis to justify its escalations near Venezuela. But virtually all illicit fentanyl is made and smuggled thousands of miles away. If war or regime change in Venezuela is good for the American people, why hide the true motivations?

Original article: https://mises.org/mises-wire/trump-administration-lying-us-another-war

The food stamp program is a way for PepsiCo and the Coca-Cola company to legally rip off the taxpayers.

Original article: https://mises.org/mises-wire/how-food-industry-lobbyists-keep-food-stamp-gravy-train-going

James Bovard surveys attacks on property rights—from “open-fields” searches and no-knock raids to eminent domain and civil asset forfeiture—showing how each erodes privacy and freedom.

Sponsored by Jeff Leskovar.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

For more than 60 years, the US government has enforced a trade embargo against Cuba, ostensibly to force the communist government into collapse. The only thing that has collapsed, however, is the logic in the US policy.

Original article: https://mises.org/mises-wire/brief-history-enduring-american-embargo-against-cuba

September’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.

Original article: https://mises.org/mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus

Despite the change in the White House, critical race theory is still with us, dominating the academic sectors and being ingrained in progressive culture. We need to better recognize what it is and how it works in order to better refute it.

Original article: https://mises.org/mises-wire/how-recognize-critical-race-theory

No one doubts that the US is a politically and culturally divided nation. Contrary to much of public opinion, politicians like Donald Trump did not cause the crisis. Instead, as Lawrence Mead writes, they are a symptom of the government's assault on our culture.

Original article: https://mises.org/mises-wire/recognizing-roots-current-us-political-turmoil

Mark Thornton reviews David Howden’s data-driven guide to long-horizon investing in commodities, useful even for Austrians wary of statistics. Mark explains how the book’s method ranks assets by relative valuation, generates 10-year return forecasts, and frames risk premiums, using gold and silver as case studies. Mark highlights how a formal model can still complement Austrian fundamentals and capital-allocation thinking, and he previews an upcoming episode on silver that will build on these results.

Purchase The Almanac of Commodities by David Howden at http://mises.org/almanac

Be sure to follow Minor Issues at http...

As a true market entrepreneur, as opposed to a political entrepreneur, James J. Hill successfully built a transcontinental railroad, outcompeting his government-subsidized competitors.

Original article: https://mises.org/mises-wire/myth-robber-barons-james-hill-versus-crony-competitors

Alex Pollock explains how monopoly money empowers the state to finance deficits and wars, and why legal tender laws should give way to free choice in money. He explores why genuine competitors—likely led by gold—would discipline issuers, noting central banks’ renewed appetite for bullion as an emergent currency competition.

Sponsored by Yousif Almoayyed.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

On this special episode of Power and Market, Joshua Mawhorter joins Tho Bishop and Connor O'Keeffe to talk about the recent Supporters Summit, the legacy of Mises.org, and a few books they are reading.

Once again, the Trump administration’s “dealmaking” on international trade has blown up, this time pulling the rug from under US soybean farmers. This isn’t the first trade policy fiasco, nor will it be the last.

Original article: https://mises.org/mises-wire/america-hurts-farmers-and-discounts-chinas-soy-imports-while-providing-crutch-argentina

Dr. Joe Salerno shows how market‑led falling prices spread growth gains even when nominal wages don’t change. The takeaway: don’t fear natural deflation—fear policies that target permanent inflation.

Sponsored by Murray and Florence Sabrin.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

The governmental response to the covid pandemic was to cripple the economy. To compensate for the damage, the Federal Reserve unleashed massive inflation in an attempt to do what the Fed always does in a crisis: bail out the economic actors.

Read the article here: https://mises.org/mises-wire/we-have-not-properly-reckoned-economic-insanity-2020

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

The concept of “planned obsolescence” makes no economic sense and is often an excuse for governments to harass and shake down innovative entrepreneurs. Much of so-called planned obsolescence is really entrepreneurship at work improving products for users and consumers.

Original article: https://mises.org/mises-wire/myth-planned-obsolescence

“I see that you are preparing the groundwork for supporting Nixon,” Rothbard wrote Meyer. “Again, for shame! Is this what conservative principles are coming down to...?"

Original article: https://mises.org/mises-wire/new-rothbard-letters-show-his-early-opposition-both-nixon-and-reagan

There have been four gold busts under the fiat dollar money regimes since the “freeing” of the gold price in March 1968. Will the current gold boom end in a similar bust?

Original article: https://mises.org/mises-wire/what-will-next-gold-bust-look

In this episode of the Human Action Podcast, Bob unpacks Lerner’s Symmetry Theorem—the classic result that, under tight conditions, an import tariff is equivalent to an export tax. He applies the framework to recent 100% China‑tariff headlines, explaining why the dollar might strengthen in theory yet sometimes weakens in practice once retaliation and policy signaling are factored in.

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The US Constitution as originally written and understood no longer exists. The first wave of “progressives” reinterpreted it to their liking before later generations of progressives finished the job.

Original article: https://mises.org/mises-wire/how-progressives-broke-constitution-and-praised-themselves-it

Popular views of capitalism and free markets are not shaped by the facts, but rather by anti-capitalist intellectuals and the media.

Original article: https://mises.org/mises-wire/popular-media-romanticism-and-statist-insinuation

Mark Thornton shares a timely conversation from the Liberty & Finance podcast with Elijah K. Johnson. Mark explains why $50 silver is a psychological barrier, and how decades of tech shifts, by-product mining, and central-bank gold buying shaped today’s divergence between gold and silver. The thread tying it all together: easy money seeds malinvestment and fragility; metals hedge the fallout.

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This week, Bob tackles growing concerns about artificial intelligence, automation, and mass unemployment. Using the principles of marginal productivity and comparative advantage, he shows how the standard economic arguments still apply—even in the age of ChatGPT and robotics. Responding directly to viral tweets from Matt Walsh, Bob dismantles the popular belief that AI will inevitably destroy human labor markets. He explains why highly skilled labor has always coexisted with less-skilled workers and why new technologies, despite their disruptive effects, tend to improve standards of living for everyone over time.

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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.

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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.  

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