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The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.
 
Radio Rothbard is a weekly podcast featuring a cast of Mises Institute voices and special guests. The show tackles politics, currents events, culture, media, and of course the predatory state, all from an uncompromising Rothbardian perspective. Radio Rothbard is the weekly anti-politics podcast you won't want to miss!
 
In Historical Controversies, Mises Institute scholar Chris Calton debunks the history you may have learned in school. Armed with facts, theory, and a Rothbardian appreciation for historical narrative, Calton enlightens and entertains in a podcast that has something to offer all audiences. See the podcast's updated Corrections and Qualifications page. See also Chris Calton's Bibliographic Essays (PDF): Season 1, History of the War on Drugs (Mises.org/EC1Bib) and Season 2: Antebellum United St ...
 
Economics Detective Radio is a podcast about markets, ideas, institutions, and all things related to the field of economics. Episodes consist of long-form interviews and are generally released on Fridays. Topics include economic theory, economic history, the history of thought, money, banking, finance, macroeconomics, public choice, business cycles, health care, education, international trade, and anything else of interest to economists, students, and serious amateurs interested in the scien ...
 
On April 23, 1990, in Washington, DC, the Mises Institute sponsored the first Austrian school look at the post-socialist age. It went a long way toward developing a blueprint—consistent with the Austrian tradition—for dismantling the command economy. Featuring Hans-Hermann Hoppe, Krzysztof Ostaszewski, Yuri N. Maltsev, Gottfried Haberler, Kestutis Baltramatis, Murray N. Rothbard, and Joseph Sobran.
 
In this ten-lecture course sponsored by Steve Berger and Kenneth Garschina, intellectual historian David Gordon guides students through a survey of the greatest thinkers, and evaluates these scholars by their arguments for and against the idea of Liberty.Download the complete audio of this event (ZIP) here.
 
Welcome! I’m Stephen Rose. I am a follower of the Austrian School of Economics, in the intellectual tradition of Frederick Hayek, Ludwig von Mises, Murray Rothbard, and Hans Hermann Hoppe. This is my blog. It is my hope that it lives up to its name, and becomes an intellectual standard bearer in humankind’s progress toward a stateless world. Topics for this show will cover all facets of that struggle. All content here is my own. I hope you enjoy it. Please contact me at anarchiststandard//@/ ...
 
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If there’s one political fight worth seeing through, it’s the crusade against government schooling. Many parents in Virginia may have started to see just how important the fight has become.Original article: https://mises.org/wire/virginia-elections-showed-some-parents-are-seeing-how-bad-government-schools-really-areThis Audio Mises Wire is generous…
 
Vaccine mandates are not a new invention, and states have long pushed a narrative exaggerating the success of mandates in the past.Original article: https://mises.org/wire/smallpox-historical-myths-behind-mandatory-vaccinesThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
Ceaseless flux. Those are words Ludwig von Mises used to describe the perpetual change in business conditions that entrepreneurs experience. The consequent need, he told us, is for a process of constant adjustment. The current word for that process is adaptation. Economics For Business talks to Luca Dellanna, a leading business expert who advises c…
 
While 9/11 is mainly forgotten, a deafening trumpet announces the presence of other supposed crises, such as covid and climate change. The Leviathan is now excited and encouraged by the possibilities of new rules and new IDs.Original Article: https://mises.org/wire/real-id-means-real-leviathanThis Audio Mises Wire is generously sponsored by Christo…
 
If there’s one political fight worth seeing through, it’s the crusade against government schooling. Many parents in Virginia may have started to see just how important the fight has become. Original Article: "The Virginia Elections Showed Some Parents Are Seeing How Bad the Government Schools Really Are" This Audio Mises Wire is generously sponsore…
 
Ceaseless flux. Those are words Ludwig von Mises used to describe the perpetual change in business conditions that entrepreneurs experience. The consequent need, he told us, is for a process of constant adjustment. The current word for that process is adaptation. Economics For Business talks to Luca Dellanna, a leading business expert who advises c…
 
According to the Marxists and their fellow travelers, inflation is good because it transfers wealth from creditors to debtors, and debtors are "the 99 percent." But inflation doesn't work that way. Original Article: https://mises.org/wire/no-inflation-not-good-youThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Micha…
 
While 9/11 is mainly forgotten, a deafening trumpet announces the presence of other supposed crises, such as covid and climate change. The Leviathan is now excited and encouraged by the possibilities of new rules and new IDs. Original Article: "The REAL ID Means a Real Leviathan" This Audio Mises Wire is generously sponsored by Christopher Condon. …
 
Combined with the US military’s turn toward “woke” politics, this latest episode around vaccine mandates will further help to undermine support for military institutions among conservatives and Republicans. Original Article: "The Oklahoma National Guard Refused the Vax Mandate. The Pentagon Is Not Pleased." This Audio Mises Wire is generously spons…
 
Homicide rose at a remarkably fast rate in 2020. This may be a sign that the public is losing faith in the legitimacy of the regime. We see this from doubts about elections to outrage over riots and police abuse. Original Article: "Homicide Rates in 2020 Surged to a 24-Year High. It's Another Sign of a Failing Regime." This Audio Mises Wire is gene…
 
Garet Garrett was among the most important figures from the literary, political, and laissez-faire economic traditions of the Old Right, but his name is hardly known today. In 1938 he penned "The Revolution Was," a remarkable essay about FDR's revolutionary New Deal and, more importantly, how it was accomplished. FDR's revolution had already happen…
 
After thirteen years with on average negative real returns to conservative savings, it is time to require the Federal Reserve to address its impact on savers. Original Article: "Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
The ongoing success of the cannabis nullification effort has shown the uselessness of those who repeatedly chant slogans about “federal supremacy” and “If you don’t like the (federal) law, change it.” Original Article: "Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War" This Audio Mises Wire is generously…
 
Garet Garrett was among the most important figures from the literary, political, and laissez-faire economic traditions of the Old Right, but his name is hardly known today. In 1938 he penned "The Revolution Was," a remarkable essay about FDR's revolutionary New Deal and, more importantly, how it was accomplished. FDR's revolution had already happen…
 
The process of learning what’s most efficient and profitable includes merging with competitors and taking over different stages of the supply chain—all tactics that would be considered in violation of current antitrust laws. Original Article: "Antitrust Regulation Assumes Bureaucrats Know the "Correct" Amount of Competition" This Audio Mises Wire i…
 
The field of medical care is so ripe for new entrepreneurial solutions. As is always the case, solution design begins with understanding subjective value, both for customers (patients) and providers (doctors) Christopher Habig of Freedom Healthworks joins Economics For Business to explain how an Austrian, subjective-value focused approach is bringi…
 
It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble.Original article: https://mises.org/wire/will-next-skyscraper-curse-be-found-digital-worldThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Micha…
 
Our largest skyscrapers exist no longer physically, but in a world of ones and zeroes. The most groundbreaking technology projects springing from malinvestment may be digital the next time around.Original article: https://mises.org/wire/will-next-skyscraper-curse-be-found-digital-worldThis Audio Mises Wire is generously sponsored by Christopher Con…
 
The field of medical care is so ripe for new entrepreneurial solutions. As is always the case, solution design begins with understanding subjective value, both for customers (patients) and providers (doctors) Christopher Habig of Freedom Healthworks (FreedomHealthworks.com) joins Economics For Business to explain how an Austrian, subjective-value f…
 
Our largest skyscrapers exist no longer physically, but in a world of ones and zeroes. The most groundbreaking technology projects springing from malinvestment may be digital the next time around. Original Article: "Will the Next "Skyscraper Curse" Be Found in the Digital World?" This Audio Mises Wire is generously sponsored by Christopher Condon. …
 
It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble. Original Article: "China's Financial Bubbles Remind Us of Scams like Britain's South Sea Bubble" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated …
 
An additional—and quick—$1 trillion spending boost in energy-intensive and material consuming industries is likely to create new problems in terms of inflation and supply shortages.Original article: https://mises.org/wire/bidens-infrastructure-plan-points-even-more-price-inflationThis Audio Mises Wire is generously sponsored by Christopher Condon. …
 
What would the effect of a 100% vaccination rate be on the virus? Contrary to claims, the virus will not disappear. The next outbreak would occur within a year with 100% breakthrough cases with a vaccine-resistant strain.Original article: https://mises.org/wire/why-bidens-vaccine-mandate-hasnt-delivered-promised-resultsThis Audio Mises Wire is gene…
 
Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear.Original article: https://mises.org/wire/military-conscription-tool-centralization-state-building-and-despotismThis Audio Mises Wire is generously sponsored by Ch…
 
What would the effect of a 100 percent vaccination rate be on the virus? Contrary to claims, the virus will not disappear. The next outbreak would occur within a year with 100 percent breakthrough cases with a vaccine-resistant strain. Original Article: "Why Biden's Vaccine Mandate Hasn't Delivered the Promised Results" This Audio Mises Wire is gen…
 
An additional—and quick—$1 trillion spending boost in energy-intensive and material consuming industries is likely to create new problems in terms of inflation and supply shortages. Original Article: "Biden's Infrastructure Plan Points to Even More Price Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Mic…
 
The US military's turn to "wokeness" is a result of decades of high military spending and public deference toward military "experts." That gave us a military that is overfunded and highly political.Original Article: https://mises.org/wire/fat-comfortable-military-woke-militaryThis Audio Mises Wire is generously sponsored by Christopher Condon. Narr…
 
The US military's turn to "wokeness" is a result of decades of high military spending and public deference toward military "experts." That gave us a military that is overfunded and highly political. Original Article: "A Fat, Comfortable Military Is a "Woke" Military" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by M…
 
Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear. Original Article: "Military Conscription Is a Tool for Centralization, State Building, and Despotism" This Audio Mises Wire is generously sponsored by Christophe…
 
Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.”Original Article: https://mises.org/wire/college-worthwhile-two-time-dropouts-takeThis Audio Mises Wire is generously sponsored by Christopher Condon. …
 
Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.” Original Article: "Is College Worthwhile? A Two-Time Dropout’s Take" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by …
 
Tho Bishop, guest-hosting A Neighbor's Choice, interviews Jonathan Newman, author of The Broken Window.Tho and Jonathan discuss the supposedly transitory aspect of inflation, the overshadowing of economics by central planning, Keynesian economics, and more.Purchase The Broken Window online at Mises.org/BWindow.…
 
China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. Original Article: https://mises.org/wire/industrial-policy-aka-central-planning-wont-make-america-greatThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Mic…
 
In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector.Original Article: https://mises.org/wire/cronyism-not-welfare-chinas-big-problemThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by …
 
In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector. Original Article: "Cronyism, Not Welfare, Is China's Big Problem​" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stac…
 
China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. Original Article: "Industrial Policy—a.k.a. Central Planning—Won't Make America Great" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
Every company starts as an innovation. Thereafter, the unceasing challenge is to keep innovating because the market continues to change, technology continues to advance and, crucially, customer expectations continue to rise. Economics For Business speaks with Joe Matarese, Executive Chairman of Medicus Healthcare Solutions, about how to build the c…
 
After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. Original Article: https://mises.org/wire/thanks-bailouts-wall-street-banks-are-more-fragile-everThis Audio Mises Wire is generously sponsored by Christopher …
 
We have today a hybrid of two forms of banking — loan banking (non-inflationary) and deposit banking (inflationary if not 100% reserve holdings). The cause of booms is the credit expansion by central banks that is not backed by pools of private savings.The longer the inflation-driven boom continues, the worse the inevitable clearing bust must be. A…
 
In the history of money, bartering was awkward because wants were not divisible. Direct exchange depended upon a double coincidence of wants. Demand for a medium of exchange grew until a general medium of exchange emerged, like gold and silver.A medium of exchange should display these characteristics: must be generally acceptable, widely demanded f…
 
Competition can mean rivalry or freedom. All firms must serve the preferences of consumers in order to exist. Monopoly has historically been an artificial privilege granted by the state.Monopolies do not last for long in free markets unless maintained by government interventions. Antitrust policies were generally not demanded by consumers, but crea…
 
Time preference says that individuals prefer satisfaction now to later, present to future. This explains the loan market. In the structure of production, the capitalist pays wages now, despite the fact that he himself does not get paid until the final stage when the product actually comes to market.Consumption, saving, investment and spending occur…
 
Causal-realist analysis allows imaginary constructs like the ERE — Evenly Rotating Economy — in order to isolate certain factors like interest. There would be no profit or loss in the ERE, because those can only exist under conditions of uncertainty.Klein explains profit as a category, not a line item. The entrepreneur’s function is to experiment w…
 
Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution.Consumer goods and producer goods are subjectively determined by how they are used.Factor pr…
 
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