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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.
 
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With the prices of everything rising at historic rates, no issue is shaping politics more right now than inflation. Unfortunately for Americans, Republicans in Washington appear no more serious on the Federal Reserve than the Biden Administration.What lessons can be learned from the past? How might the Biden Administration respond? What can be done…
 
The Revolution of 1800 removed the Hamiltonians from power, and in Jefferson's first term, America witnessed a major reduction of federal power. In his second term, however, an offer by French Emperor Napoleon to purchase the Louisiana territory would mark the fall of the Old Republicans.In this episode, Patrick and Tho look at how dreams of conque…
 
Design & Assembly is the second pin (after Imagination) in the Economics For Business GPS system — the toolset to help entrepreneurs navigate their business environment. We talk to Brett Lindell, CEO of Pantheon Holdings (which includes Aegis Exteriors and Fortress Roofing) about his Design & Assembly approach that has helped him build a fast-growi…
 
To kick off the New Year, Jeff recently had the opportunity to address a Discord channel dedicated to Austrian Economics (https://discord.gg/gSmCRRr). His talk focused on the state of economics generally, whether the profession is serving society, how economists failed us throughout the Covid hysteria, and especially the health and relevance of the…
 
In this episode of Radio Rothbard, Ryan and Tho trade predictions for the year ahead. Topics include the importance of internal primaries ahead of next year's mid-terms, predictions on what the Fed will do with rising inflationary pressure, and what comes next from the covid regime.Additional Reading"Americans May Finally Be Losing Confidence in th…
 
In this episode of Liberty vs. Power, Patrick and Tho look at the success of the Jeffersonians following the corruption of Hamilton's Federalist Party. With the support of Treasury Secretary Albert Gallatin, the Jeffersonian Administration is able to slash the size of the federal bureaucracy. Unfortunately, the influence of Republican moderates — l…
 
Why do entrepreneurs start businesses in the first place? They have a vision for the future and seek to work with other people to bring it about. Those other people may be colleagues and employees, directors and investors, suppliers, and customers. Organizing this multivalent work is hard. Thinking of your organization as a complex adaptive system …
 
Conservatism is allegedly grounded in a recognition of the natural limits of humanity. But when it comes to free trade, conservatives throw all that out the window.Original article: https://mises.org/wire/conservatives-and-free-trade-straw-manThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this.Original article: https://mises.org/wire/what-chicagos-mayor-gets-wrong-about-private-securityThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by…
 
Lockdowns and school closures will go down as one of the worst peacetime policy disasters of all time. Never again should the well-being of our children be sacrificed to placate the neuroses of adults.Original article: https://mises.org/wire/covid-lockdowns-will-be-remembered-one-greatest-policy-failures-everThis Audio Mises Wire is generously spon…
 
In the first Radio Rothbard of 2022, Ryan McMaken and Tho Bishop discuss the regime's portrayal of the one-year anniversary of January 6.While most Americans may care more about kitchen table issues than Washington's hysterics, already we have seen the state use last year's riot as an excuse to expand the prosecution of political minorities.Is this…
 
An abstract state is built on patriotism. And when patriotism becomes "the highest of all virtues and the source of all the remaining ones,” states can get away with almost anything.Original article: https://mises.org/library/state-abstract-idea-so-how-state-also-so-murderousThis Audio Mises Wire is generously sponsored by Christopher Condon. Narra…
 
The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.Original article: https://mises.org/wire/slave-based-economy-nothing-dynamic-capitalist-oneThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
With the Constitution in place and George Washington made president, Treasury Secretary Alexander Hamilton was empowered to make the new government in his image. Unsurprisingly, a man who celebrated the corruption of the old European order was quick to install a regime inspired by mercantilists like Jean-Baptiste Colbert.In this episode, Patrick an…
 
The Fed admits inflation is a problem, so now begins the search to find a fix that doesn't involve a recession or anything else that might allow the economy to heal its malinvestments.Original article: https://mises.org/wire/welcome-new-chapter-latest-boom-bust-cycleThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Mi…
 
Thanks to covid shutdowns, declining productivity finally brought price inflation to the fore. But the world's governments have learned nothing and cling to the same inflationist policies.Original article: https://mises.org/wire/western-economies-are-self-destructing-inflation-debt-and-taxesThis Audio Mises Wire is generously sponsored by Christoph…
 
Imagination is the first stage of any value generation journey — starting a development project, enhancing the customer experience, embarking on innovation, or building a business for the next year or the next decade. Imagination might sound like a fuzzy concept, but it’s a robust business tool, the engine of the entrepreneurial design process. Mar…
 
With new mask and vaccine mandates, New York's Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism.Original article: https://mises.org/wire/new-york-state-has-imposed-new-covid-rituals-time-theres-some-resistanceThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrat…
 
Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.Original article: https://mises.org/wire/how-avoid-depressions-foster-saving-and-investmentThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
Genuine change will likely come only through muddling through at the state and local level. That kind of work will be instrumental in the creation of decentralized alternatives to our present political order.Original article: https://mises.org/wire/ron-desantis-plans-revive-floridas-state-militiaThis Audio Mises Wire is generously sponsored by Chri…
 
The true cost of America's wars—in lost productivity, resources, and opportunity cost—is far higher than even the official numbers of trillions spent on the Pentagon's many failures.Original article: https://mises.org/wire/americas-wars-are-far-more-costly-pentagon-admitsThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated …
 
The Fed may slow or eliminate new bond purchases but is not planning to sell. Meanwhile, producer prices have skyrocketed and Americans are consuming more but producing less. Get ready for entrenched price inflation.Original article: https://mises.org/wire/fundamentals-point-inflation-thats-much-more-transitoryThis Audio Mises Wire is generously sp…
 
California has announced it seeks to become a "sanctuary state" for abortion should the Supreme Court overturn Roe v. Wade. That is, the situation would return much to what it was before 1973.Original article: https://mises.org/wire/end-roe-v-wade-its-time-defederalize-abortion-policyThis Audio Mises Wire is generously sponsored by Christopher Cond…
 
Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.Original article: https://mises.org/wire/price-deflation-and-horrors-falling-tv-pricesThis Audio Mises Wire is generously sponsored by Chr…
 
"Science" is now indistinguishable from politics. As the "acid rain" hysteria showed back in the 1970s and 1980s, "follow the science" is just a political slogan, unrelated to actual science.Original article: https://mises.org/wire/acid-rain-scare-and-science-industrial-complexThis Audio Mises Wire is generously sponsored by Christopher Condon. Nar…
 
I was astounded at how many despots the World Bank was propping up. Bankrolling tyrants is the equivalent of a Fugitive Slave Act for an entire nation, preventing a mass escape of political victims.Original article: https://mises.org/wire/raiding-world-bank-exposing-fondness-dictatorsThis Audio Mises Wire is generously sponsored by Christopher Cond…
 
Fauci-funded and Fauci-supported "AIDS research" consisted of running medical experiments on children, among other horrors. Through it all, Fauci profited handsomely with his many "partners" in Big Pharma.Original article: https://mises.org/wire/review-real-anthony-fauci-bill-gates-big-pharma-and-global-war-democracy-and-public-healthThis Audio Mis…
 
The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO.Original article: This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.Bởi Mises Institute
 
The benefits of decentralization don't stop at the state level. State governments themselves must be broken up into decentralized confederations that allow for local vetoes, local sovereignty, and regional autonomy.Original article: https://mises.org/wire/state-level-secession-isnt-enough-states-themselves-must-be-radically-decentralizedThis Audio …
 
A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality.Original article: https://mises.org/wire/nirvana-economics-how-treating-real-world-imaginary-ideal-world-leads-troubleThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
The Human Action Podcast wraps up the year with none other than the venerable Professor Paul Gottfried!This is our final show focused on the Old Right, the early 20th century political tradition which animated later libertarian figures like Murray Rothbard. How was this great legacy of peace and freedom on the Right—the Old Republic—lost to Cold Wa…
 
How did a handful of colonies created by the European Old Order establish a unique nation conceived in liberty? In Episode 2 of the Liberty vs. Power Podcast, Patrick Newman and Tho Bishop discuss the lasting tension between the Spirit of 1776 and the Constitution of 1787. The results of America's successful war for independence is one of the most …
 
We’re highlighting six of our 2021 podcasts that have special value for value creators. We invite you to listen to the special year-end podcast, and to sample each of those we’ve highlighted here, review the Key Takeaways we provide as a summary for each one, and download the free tools that accompany each podcast.Per Bylund explains that all succe…
 
In the first episode of the Liberty vs. Power Podcast, Tho Bishop and Patrick Newman take a deep dive into the intellectual framework of Rothbardian historical analysis. This includes looking at the "conspiracy analyst" as a praxeologist, identifying what personal incentives may motivate individual actors that directly influence government policy.T…
 
Entrepreneurship is fulfilling and exciting and inspiring. It’s fun. It’s learning. It’s a sense of achievement. It’s a journey. Economics For Business loves to spotlight individual journeys to illustrate what’s possible, provide learning about how to create and grow opportunities, and to inspire new entrepreneurship. This week, we are joined by Vi…
 
Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions."Original article: https://mises.org/wire/how-market-freedom-combats-economic-inequalityThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack…
 
The huge amounts of monetary inflation of 2020 have indeed been translated into price inflation in 2021. Yet with the Fed now poised to slow things down, we might find asset inflation could suddenly go into reverse.Original article: https://mises.org/wire/economy-may-be-finally-peaking-and-fed-wont-help-mattersThis Audio Mises Wire is generously sp…
 
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth.Original article: https://mises.org/wire/money-supply-growth-slowing-points-slowing-economyThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
We continue our look at leading figures from the Old Right with guest Tom Woods, who helped publish the late Murray Rothbard's The Betrayal of the American Right. Rothbard admired the courageous and revisionist voices promoting the Old Republic, and shared their antagonism for war and economic intervention. Tom and Jeff discuss great essays like Al…
 
Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn't appear to be enthusiastic about embracing free trade.Original article: https://mises.org/wire/biden-has-embraced-trumps-protectionismThis Audio Mises Wire is generously sponsored by Christopher Condon.…
 
The more the EU micromanages Polish internal affairs and punishes Poland for the simple act of exercising self-determination, more the benefits of leaving the bloc altogether will continue to increase.Original article: https://mises.org/wire/polands-beef-eu-shows-dangers-political-centralizationThis Audio Mises Wire is generously sponsored by Chris…
 
If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.Original article: https://mises.org/wire/when-fiat-currency-stops-being-moneyThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by…
 
It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it.Original article: https://mises.org/wire/how-governments-seized-control-moneyThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.…
 
The Washington area was traumatized for weeks by two dimwitted psychopaths who rode around brazenly shooting people from the trunk of their ancient Chevrolet. Sadly, law enforcement officials had apparently met their match.Original article: https://mises.org/wire/dc-sniper-rampage-biggest-police-debacle-centuryThis Audio Mises Wire is generously sp…
 
Human action lies at the core of the application of Austrian economics to business: how do people act and how can we develop the best understanding of why they act that way. We apply that thinking to customers, and we can also apply it to business organizations. If we are able to answer these questions well, we can develop a profitable business mod…
 
Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living.Original article: https://mises.org/wire/africas-long-history-trade-and-marketsThis Audio Mises Wire is generously sponsored by Christopher C…
 
A big factor behind Youngkin’s electoral success in Virginia: the rural voter and their reaction to Richmond's overreach on guns, schools, and centralized political power.Original article: https://mises.org/wire/rural-voters-guns-and-decentralization-sank-democrats-virginiaThis Audio Mises Wire is generously sponsored by Christopher Condon. Narrate…
 
For decades, countless parents have been on autopilot when it comes to letting the state manage their child's education. But over the past two years, millions of parents have begun to take control.Original article: https://mises.org/wire/weve-only-just-begun-see-benefits-new-surge-homeschoolingThis Audio Mises Wire is generously sponsored by Christ…
 
The Bank of Canada's stated mission is "to preserve the value of money by keeping inflation low and stable." Yet, the BOC works to inflate away the value of Canadians' purchasing power every single day.Original article: https://mises.org/wire/bank-canadas-failed-mission-preserve-value-moneyThis Audio Mises Wire is generously sponsored by Christophe…
 
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