https://mises.org/ en Tue, 19 May 26 12:32:54 -0500 https://mises.org/podcasts/audio-mises-wire/deflation-bad-economy The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever. Tue, 19 May 2026 04:31:49 CDT Frank Shostak https://mises.org/podcasts/audio-mises-wire/deflation-bad-economy https://mises.org/podcasts/human-action-podcast/why-socialism-fails-misess-1920-article-today Bob sits down with Dr. Jonathan Newman to discuss his Mises Academy course for homeschooling families based on Lessons for the Young Economist, using it as a starting point to walk through the full Austrian case against socialism. Tue, 19 May 2026 01:45:28 CDT Robert P. Murphy, Jonathan Newman https://mises.org/podcasts/human-action-podcast/why-socialism-fails-misess-1920-article-today https://mises.org/podcasts/audio-mises-wire/price-inflation-accelerates-wars-and-deficits-expand Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices. Tue, 19 May 2026 08:27:02 CDT Ryan McMaken https://mises.org/podcasts/audio-mises-wire/price-inflation-accelerates-wars-and-deficits-expand https://mises.org/podcasts/audio-mises-wire/when-society-chooses-freedom-unfree-world What might be the process of a society moving from being unfree to being free? Here is one scenario. Tue, 19 May 2026 08:11:06 CDT Finn Andreen https://mises.org/podcasts/audio-mises-wire/when-society-chooses-freedom-unfree-world https://mises.org/mises-wire/review-moonshots-and-new-industrial-policy Can government policy replicate a market economy and improve the outcomes? That is the subject of the book, Moonshots and the New Industrial Policy. Lipton Matthews takes a deep dive into these questions. Tue, 19 May 2026 06:34:02 CDT Lipton Matthews https://mises.org/mises-wire/review-moonshots-and-new-industrial-policy https://mises.org/power-market/conservative-populism-doing-same-thing-over-and-over-and-expecting-different-results Tue, 19 May 2026 06:00:00 CDT Ryan McMaken https://mises.org/power-market/conservative-populism-doing-same-thing-over-and-over-and-expecting-different-results https://mises.org/power-market/kevin-warshs-impossible-mission Tue, 19 May 2026 05:00:00 CDT Ron Paul https://mises.org/power-market/kevin-warshs-impossible-mission https://mises.org/power-market/californias-billionaires-tax-ballot-initiative If this ballot initiative passes in November 2026, then California’s billionaire exodus will continue, followed by the multimillionaires. Tue, 19 May 2026 02:35:02 CDT Stephen Anderson https://mises.org/power-market/californias-billionaires-tax-ballot-initiative https://mises.org/mises-wire/minerals-consortium-will-result-malinvestment Washington is pursuing industrial policy again, this time being an attempt to form a minerals consortium with other countries to secure minerals vital to US manufacturing. No doubt, this initiative will end up on the ash heap of bad policy. Tue, 19 May 2026 12:32:54 CDT Joseph Solis-Mullen https://mises.org/mises-wire/minerals-consortium-will-result-malinvestment https://mises.org/podcasts/loot-and-lobby/bad-news-latest-employment-report Ryan McMaken looks at the latest jobs numbers form the federal government and why so many workers and families appear to think the economy is in trouble. Mon, 18 May 2026 04:47:22 CDT Ryan McMaken https://mises.org/podcasts/loot-and-lobby/bad-news-latest-employment-report https://mises.org/podcasts/radio-rothbard/rothbard-war-peace-and-state Ryan McMaken takes a look at Rothbard's seminal 1963 essay "War, Peace, and the State." Mon, 18 May 2026 11:30:00 CDT Ryan McMaken https://mises.org/podcasts/radio-rothbard/rothbard-war-peace-and-state https://mises.org/mises-wire/causes-uncontrollable-us-public-spending-and-debt The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation. Mon, 18 May 2026 09:39:21 CDT Patrick Barron https://mises.org/mises-wire/causes-uncontrollable-us-public-spending-and-debt https://mises.org/mises-wire/deflation-bad-economy The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever. Mon, 18 May 2026 06:31:51 CDT Frank Shostak https://mises.org/mises-wire/deflation-bad-economy https://mises.org/notes-margin/73-percent-non-affiliated-voters-oppose-iran-war Overall, 64 percent of respondents sad that Trump’s decision to go to war with Iran was the wrong decision. Mon, 18 May 2026 03:00:00 CDT https://mises.org/notes-margin/73-percent-non-affiliated-voters-oppose-iran-war https://mises.org/power-market/why-stable-systems-fail-illusion-institutional-control Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored. Mon, 18 May 2026 02:32:05 CDT Luc Lelièvre https://mises.org/power-market/why-stable-systems-fail-illusion-institutional-control https://mises.org/mises-wire/lines-we-thought-machines-wouldnt-cross We know that Q-Day is coming upon us when AI moves to another level and humans must make the adjustments. State-sponsored solutions will fail, and the only way forward is the free market. Mon, 18 May 2026 12:32:00 CDT George Ford Smith https://mises.org/mises-wire/lines-we-thought-machines-wouldnt-cross https://mises.org/podcasts/minor-issues/predicting-recession The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the S&P 500 is in just ten stocks. Wall Street sees nothing wrong. Sat, 16 May 2026 06:42:27 CDT Mark Thornton https://mises.org/podcasts/minor-issues/predicting-recession https://mises.org/mises-wire/price-inflation-accelerates-wars-and-deficits-expand Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices. Sat, 16 May 2026 06:00:00 CDT Ryan McMaken https://mises.org/mises-wire/price-inflation-accelerates-wars-and-deficits-expand https://mises.org/mises-wire/rerum-novarum-catholic-defense-private-property Those who use Catholic social teaching to defend socialism forget Pope Leo XIII’s Rerum Novarum, published in 1891, which strongly condemned socialism and defended private property. Sat, 16 May 2026 12:34:00 CDT Emanuele Schilirò https://mises.org/mises-wire/rerum-novarum-catholic-defense-private-property https://mises.org/mises-wire/when-society-chooses-freedom-unfree-world What might be the process of a society moving from being unfree to being free? Here is one scenario. Sat, 16 May 2026 12:33:57 CDT Finn Andreen https://mises.org/mises-wire/when-society-chooses-freedom-unfree-world https://mises.org/podcasts/audio-mises-wire/why-rothbard-relevant-ever Murray Rothbard is one of the all-time greats in Austrian economics and libertarianism. When studying his achievements, we immediately see that Rothbard is a giant whose shoulders free-market scholars should aspire to stand on. Fri, 15 May 2026 06:13:16 CDT Patrick Newman https://mises.org/podcasts/audio-mises-wire/why-rothbard-relevant-ever https://mises.org/notes-margin/trump-touts-police-state-corp-palantir-drive-stock-price "President Donald Trump scooped up shares of surveillance-state software maker Palantir weeks before he famously praised the stock on Truth Social." Fri, 15 May 2026 05:00:00 CDT https://mises.org/notes-margin/trump-touts-police-state-corp-palantir-drive-stock-price https://mises.org/podcasts/audio-mises-wire/gop-fiscal-follies While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy. Fri, 15 May 2026 04:43:27 CDT Gregory Bresiger https://mises.org/podcasts/audio-mises-wire/gop-fiscal-follies https://mises.org/power-market/financial-instability-report What keeps central bankers up at night? Fri, 15 May 2026 02:16:34 CDT Robert Aro https://mises.org/power-market/financial-instability-report https://mises.org/podcasts/audio-mises-wire/hobbess-self-defeating-theory With some simple logic and using Hobbes’s own presuppositions and arguments, we can internally critique Hobbes’s argument for the state, namely, that the state solves none of the problems he presents. Fri, 15 May 2026 01:31:57 CDT Joshua Mawhorter https://mises.org/podcasts/audio-mises-wire/hobbess-self-defeating-theory https://mises.org/notes-margin/when-president-acts-mafia-chief Despite the fact that the government owes firms refunds due to Trump's tariffs being declared illegal, companies are turning down the opportunity in fear of angering the president. Fri, 15 May 2026 10:40:32 CDT https://mises.org/notes-margin/when-president-acts-mafia-chief https://mises.org/mises-wire/hypocrisy-wests-abandonment-universal-values The current strain of illiberalism running through western thought conflicts with the themes of individual liberty and liberalism that also came from western thinkers. We need to recover those best ideas from antiquity to the present. Fri, 15 May 2026 09:02:18 CDT Vincent Cook https://mises.org/mises-wire/hypocrisy-wests-abandonment-universal-values https://mises.org/power-market/seven-questions-kevin-warsh-newly-confirmed-chairman-fed Do we need a national price fixing committee for interest rates? Answe r: No. Fri, 15 May 2026 09:00:00 CDT Alex J. Pollock https://mises.org/power-market/seven-questions-kevin-warsh-newly-confirmed-chairman-fed https://mises.org/podcasts/rothbard-university/egalitarianism-and-value-free-economics Dr. Wanjiru Njoya argues that Rothbard's political philosophy is not a sideshow to his economics but its essential second pillar, and that this integrated system is precisely what is needed to challenge the egalitarian premise at its root. Fri, 15 May 2026 09:00:30 CDT https://mises.org/podcasts/rothbard-university/egalitarianism-and-value-free-economics https://mises.org/friday-philosophy/defending-southern-heritage In this week’s Friday Philosophy, David Gordon reviews Jeff Paulk’s Defending Southern Heritage. Fri, 15 May 2026 06:02:21 CDT David Gordon https://mises.org/friday-philosophy/defending-southern-heritage https://mises.org/notes-margin/30-yr-bond-highest-yield-2007-inflation-expectations-soar Auction bidders are demanding higher fixed rates as compensation for the risk that inflation will accelerate further. Fri, 15 May 2026 03:00:00 CDT https://mises.org/notes-margin/30-yr-bond-highest-yield-2007-inflation-expectations-soar https://mises.org/mises-wire/hobbess-self-defeating-theory With some simple logic and using Hobbes’s own presuppositions and arguments, we can internally critique Hobbes’s argument for the state, namely, that the state solves none of the problems he presents. Fri, 15 May 2026 12:03:02 CDT Joshua Mawhorter https://mises.org/mises-wire/hobbess-self-defeating-theory https://mises.org/podcasts/rothbard-university In honor of Murray Rothbard's 100th birthday, this first-of-its-kind conference features an intensive course of lectures in Austrian economics. Thu, 14 May 2026 08:47:37 CDT Mises Institute https://mises.org/podcasts/rothbard-university https://mises.org/podcasts/human-action-podcast/making-sense-trump-administrations-hail-mary-iran Bob argues that many Austro-libertarians (himself included) have been too quick to dismiss the Trump administration's foreign and economic policy as mere incompetence or corruption, without grasping the strategic logic behind it. Thu, 14 May 2026 08:15:28 CDT Robert P. Murphy https://mises.org/podcasts/human-action-podcast/making-sense-trump-administrations-hail-mary-iran https://mises.org/podcasts/power-and-market/bad-inflation-data-drops-while-trumps-china-and-other-headlines On this episode of Power & Market, Ryan, Connor, and Tho break down a variety of headlines from the week, including bad inflation data, Trump's trip to China, Kevin Warsh's Senate confirmation, and the political theatre of Spencer Pratt and Zohran Mamdani. Thu, 14 May 2026 04:30:01 CDT Tho Bishop, Ryan McMaken, Connor O'Keeffe https://mises.org/podcasts/power-and-market/bad-inflation-data-drops-while-trumps-china-and-other-headlines https://mises.org/podcasts/audio-mises-wire/job-market-has-only-gotten-worse-trumps-liberation-day In the year since Donald Trump’s “liberation day” in April 2024 fewer Americans are now working, and inflation-adjusted hourly earnings are still below where they were in 2021. Thu, 14 May 2026 04:03:36 CDT Ryan McMaken https://mises.org/podcasts/audio-mises-wire/job-market-has-only-gotten-worse-trumps-liberation-day https://mises.org/mises-wire/job-market-has-only-gotten-worse-trumps-liberation-day In the year since Donald Trump’s “liberation day” in April 2024 fewer Americans are now working, and inflation-adjusted hourly earnings are still below where they were in 2021. Thu, 14 May 2026 11:30:00 CDT Ryan McMaken https://mises.org/mises-wire/job-market-has-only-gotten-worse-trumps-liberation-day https://mises.org/podcasts/audio-mises-wire/todays-ais-show-marginal-revolutions-unfinished-business In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and mathematics. It is time to “rediscover” the margin, this time the margin as explained by Carl Menger. Thu, 14 May 2026 09:34:02 CDT Joakim Book https://mises.org/podcasts/audio-mises-wire/todays-ais-show-marginal-revolutions-unfinished-business https://mises.org/mises-wire/gop-fiscal-follies While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy. Thu, 14 May 2026 09:02:21 CDT Gregory Bresiger https://mises.org/mises-wire/gop-fiscal-follies https://mises.org/podcasts/audio-mises-wire/socialists-are-reaping-bountiful-political-harvest-while-they-create-havoc As the economy faulters, socialists are getting elected, promising free goods and services and an end to the chaos. Even when they make things worse, however, they will still gain political power. Thu, 14 May 2026 08:41:56 CDT William L. Anderson https://mises.org/podcasts/audio-mises-wire/socialists-are-reaping-bountiful-political-harvest-while-they-create-havoc https://mises.org/mises-wire/help-us-celebrate-40-years-mises-u It is because of wonderful supporters that Mises University is 40 years old. Thank you for believing in this radical program for educating students. Thu, 14 May 2026 06:30:07 CDT Mises Institute https://mises.org/mises-wire/help-us-celebrate-40-years-mises-u https://mises.org/mises-wire/command-economy-green-clothing-britains-contracts-difference-and-their-nazi-predecessors In pursuing the so-called green economy, Great Britain’s Labour Government must resort to socialist planning and totalitarian propaganda. Thu, 14 May 2026 06:02:33 CDT Eduard Braun https://mises.org/mises-wire/command-economy-green-clothing-britains-contracts-difference-and-their-nazi-predecessors https://mises.org/notes-margin/feds-move-seize-private-property-build-border-wall The U.S. government has invoked eminent domain to seize 14.2 acres of Mount Cristo Rey, a sacred site topped by a 29-foot statue of Jesus. Thu, 14 May 2026 04:00:00 CDT https://mises.org/notes-margin/feds-move-seize-private-property-build-border-wall https://mises.org/notes-margin/foreclosure-filings-across-us-have-surged-18-percent-compared-last-year "The year-over-year increases suggest lenders may be working through distressed inventory as higher borrowing costs and affordability challenges impact some homeowners." Thu, 14 May 2026 03:00:00 CDT https://mises.org/notes-margin/foreclosure-filings-across-us-have-surged-18-percent-compared-last-year https://mises.org/power-market/changes-fed-trimmed-mean-pce-inflation-rate Various inflation measures conceal more than they reveal, largely because they exclude measuring a large portion of high-inflation items. Thu, 14 May 2026 02:02:45 CDT Alejandro A. Tagliavini https://mises.org/power-market/changes-fed-trimmed-mean-pce-inflation-rate https://mises.org/mises-wire/socialists-are-reaping-bountiful-political-harvest-while-they-create-havoc As the economy falters, socialists are getting elected, promising free goods and services and an end to the chaos. Even when they make things worse, however, they will still gain political power. Thu, 14 May 2026 12:02:56 CDT William L. Anderson https://mises.org/mises-wire/socialists-are-reaping-bountiful-political-harvest-while-they-create-havoc https://mises.org/podcasts/audio-mises-wire/cost-money-coinage-fiat-power-and-quiet-corruption-value Governments take valuable things like paper and minerals, stamp something on them, and call them money, in the process rendering these things almost worthless. Something is wrong with this picture. Wed, 13 May 2026 04:01:14 CDT Justin M. Ptak https://mises.org/podcasts/audio-mises-wire/cost-money-coinage-fiat-power-and-quiet-corruption-value https://mises.org/podcasts/guns-and-butter/progressives-and-conservatives-are-wrong-about-taxing-rich Both progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value by serving others and those who are getting rich by expropriating wealth through force. Wed, 13 May 2026 03:32:38 CDT Connor O'Keeffe https://mises.org/podcasts/guns-and-butter/progressives-and-conservatives-are-wrong-about-taxing-rich https://mises.org/podcasts/audio-mises-wire/economics-war In this article from 1950, Murray Rothbard suggests some of the less bad ways of financing military operations. Hint: monetary inflation and taxing savings and investment are among the worst. Wed, 13 May 2026 12:53:50 CDT Murray N. Rothbard https://mises.org/podcasts/audio-mises-wire/economics-war https://mises.org/podcasts/audio-mises-wire/marx-was-wrong-about-necessary-ruin-small-landed-property Karl Marx not only misunderstood value and production, but he also was wrong about large-scale and small-scale property owners. Wed, 13 May 2026 11:34:02 CDT Thiago V. S. Coelho https://mises.org/podcasts/audio-mises-wire/marx-was-wrong-about-necessary-ruin-small-landed-property https://mises.org/podcasts/audio-mises-wire/duty-natural-outlaws-shut Who would join a radical minority movement, and commit him- or herself for life to social obloquy and a marginal existence, for the sake of 20% more bathtubs, or 15% more candy bars? Who will man the barricades either physically or spiritually, for more peanuts or Pepsi? Wed, 13 May 2026 09:37:29 CDT Murray N. Rothbard https://mises.org/podcasts/audio-mises-wire/duty-natural-outlaws-shut https://mises.org/mises-wire/cost-money-coinage-fiat-power-and-quiet-corruption-value Governments take valuable things like paper and minerals, stamp something on them, and call them money, in the process rendering these things almost worthless. Something is wrong with this picture. Wed, 13 May 2026 09:02:22 CDT Justin M. Ptak https://mises.org/mises-wire/cost-money-coinage-fiat-power-and-quiet-corruption-value https://mises.org/notes-margin/gas-prices-rising-all-50-states-average-nears-5 The national average price for a gallon of gasoline was $4.46 on May 4, up from $4.11 on April 27. Wed, 13 May 2026 08:00:00 CDT https://mises.org/notes-margin/gas-prices-rising-all-50-states-average-nears-5 https://mises.org/notes-margin/freedom-candidate-thomas-massie-may-lose-thanks-over-65-crowd When broken out by age, Massie has huge leads among voters under age 46. Voters over 66 are against Massie. Older voters consistently favor more war and government spending. Wed, 13 May 2026 07:00:00 CDT https://mises.org/notes-margin/freedom-candidate-thomas-massie-may-lose-thanks-over-65-crowd https://mises.org/mises-wire/marx-was-wrong-about-necessary-ruin-small-landed-property Karl Marx not only misunderstood value and production, but he also was wrong about large-scale and small-scale property owners. Wed, 13 May 2026 06:02:27 CDT Thiago V. S. Coelho https://mises.org/mises-wire/marx-was-wrong-about-necessary-ruin-small-landed-property https://mises.org/power-market/new-book-influence-and-significance-human-action-after-75-years Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor. Wed, 13 May 2026 06:00:00 CDT Mises Institute https://mises.org/power-market/new-book-influence-and-significance-human-action-after-75-years https://mises.org/power-market/15-trillion-military-budget-gift-grifters Wed, 13 May 2026 05:00:00 CDT Ron Paul https://mises.org/power-market/15-trillion-military-budget-gift-grifters https://mises.org/power-market/hidden-cost-central-banking-why-inflation-not-neutral Inflation is not neutral, it is a hidden tax, a distortion of entrepreneurial signals, and a corrosive force against social trust. Wed, 13 May 2026 02:02:25 CDT José Ramón Acosta https://mises.org/power-market/hidden-cost-central-banking-why-inflation-not-neutral https://mises.org/mises-wire/progressives-and-conservatives-are-wrong-about-taxing-rich Both progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value by serving others and those who are getting rich by expropriating wealth through force. Wed, 13 May 2026 12:03:09 CDT Connor O'Keeffe https://mises.org/mises-wire/progressives-and-conservatives-are-wrong-about-taxing-rich https://mises.org/podcasts/audio-mises-wire/depopulation-wont-save-us-or-planet The recent death of Paul Ehrlich reminds us that his crackpot overpopulation theories still are with us, even as they are being regularly discredited. Tue, 12 May 2026 02:41:13 CDT Lipton Matthews https://mises.org/podcasts/audio-mises-wire/depopulation-wont-save-us-or-planet https://mises.org/library/book/influence-and-significance-human-action-after-75-years For Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor. Tue, 12 May 2026 01:00:00 CDT Joseph T. Salerno https://mises.org/library/book/influence-and-significance-human-action-after-75-years https://mises.org/mises-wire/someone-always-knows-first Political power over markets doesn’t just corrupt individuals—it corrupts the price system itself. Tue, 12 May 2026 09:02:30 CDT Attila Rebak https://mises.org/mises-wire/someone-always-knows-first https://mises.org/mises-wire/depopulation-wont-save-us-or-planet The recent death of Paul Ehrlich reminds us that his crackpot overpopulation theories still are with us, even as they are being regularly discredited. Tue, 12 May 2026 06:02:29 CDT Lipton Matthews https://mises.org/mises-wire/depopulation-wont-save-us-or-planet https://mises.org/power-market/enhancing-economic-analysis-through-corporate-finance Corporate finance can help introduce classifications such as the distinction between the assets of a natural person and a legal person, but also by incorporating profitability, liquidity, and solvency variables into economic policy analysis. Tue, 12 May 2026 02:02:24 CDT Roberto Ledezma https://mises.org/power-market/enhancing-economic-analysis-through-corporate-finance https://mises.org/mises-wire/inconsistencies-john-stuart-mill John Stuart Mill is a study in contrasts. He wrote On Liberty, yet many of his ideas and theories promoted anything but liberty. Tue, 12 May 2026 12:02:16 CDT Wanjiru Njoya https://mises.org/mises-wire/inconsistencies-john-stuart-mill https://mises.org/podcasts/californias-decline-warning-america/americas-states-are-too-big-and-too-centralized Ryan McMaken argues that the American constitutional structure has become a suicide pact. It's a system that guarantees growing conflict and provides only one approved solution: more centralized power in Washington. Mon, 11 May 2026 03:30:25 CDT Ryan McMaken https://mises.org/podcasts/californias-decline-warning-america/americas-states-are-too-big-and-too-centralized https://mises.org/podcasts/audio-essays/nations-consent Every nation-state boundary was drawn by force. Should we treat them as sacred the same way we treat a house or factory? Rothbard says no, and proposes something more radical. Mon, 11 May 2026 10:46:03 CDT Murray N. Rothbard https://mises.org/podcasts/audio-essays/nations-consent https://mises.org/power-market/remembering-pre-chair-kevin-warsh A central banker has two lives: the first is spent studying neoclassical money supply mechanics; the second begins when they realize the real world doesn’t work that way. Mon, 11 May 2026 10:01:57 CDT Robert Aro https://mises.org/power-market/remembering-pre-chair-kevin-warsh https://mises.org/podcasts/radio-rothbard/nation-states-and-national-borders In this episode of Radio Rothbard, Ryan McMaken looks at Rothbard's essay "Nations by Consent: Decomposing the Nation State." Mon, 11 May 2026 09:30:00 CDT Ryan McMaken https://mises.org/podcasts/radio-rothbard/nation-states-and-national-borders https://mises.org/mises-wire/todays-ais-show-marginal-revolutions-unfinished-business In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and mathematics. It is time to “rediscover” the margin, this time the margin as explained by Carl Menger. Mon, 11 May 2026 09:02:23 CDT Joakim Book https://mises.org/mises-wire/todays-ais-show-marginal-revolutions-unfinished-business https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-hidden-impact-crater-modern-economics Human Action sold thousands of copies, earned accolades from across the political spectrum, and made zero acknowledged impression on the economics profession. Or did it? Mon, 11 May 2026 08:55:18 CDT Mark Thornton https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-hidden-impact-crater-modern-economics https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/calculation-and-environmental-policy-lessons-human-action A Libertarian Party presidential nominee said he was open to a carbon tax. Mises would have had a different suggestion, and Timothy Terrell explains what it was. Mon, 11 May 2026 08:53:42 CDT Timothy D. Terrell https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/calculation-and-environmental-policy-lessons-human-action https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-antidote-progressivism There are only three possible economic systems: capitalism, socialism, and interventionism. Mises spent his career proving the third is the least understood and the most dangerous. Mon, 11 May 2026 08:51:07 CDT Joseph T. Salerno https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-antidote-progressivism https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-and-foundations-economic-prosperity A labor economist at the University of Chicago devoted his career to Veblen's institutionalism. When he finally saw through the foundations, he told a friend: all my work has been bunk. Mon, 11 May 2026 08:49:50 CDT Shawn Ritenour https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-and-foundations-economic-prosperity https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/mises-and-rothbard-credit-contraction-during-downturn Should banks contract credit during a bust? Mises said yes. Rothbard disagreed. Patrick Newman traces a subtle but consequential rift between master and student. Mon, 11 May 2026 08:47:11 CDT Patrick Newman https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/mises-and-rothbard-credit-contraction-during-downturn https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/theres-many-slip-twixt-cup-and-lip The engineer and the gambler both face uncertainty, but only one can control the forces involved. Jonathan Newman explores the gap between plan and outcome that drives all economic life. Mon, 11 May 2026 08:45:20 CDT Jonathan Newman https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/theres-many-slip-twixt-cup-and-lip https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/dualism-and-calculation-what-mises-taught-me-about-economics-and-capitalism Mises said the modern theory of value didn't just improve economics. It created an entirely new science: the general theory of human action. Mon, 11 May 2026 08:43:16 CDT Robert P. Murphy https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/dualism-and-calculation-what-mises-taught-me-about-economics-and-capitalism https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/property-rights-and-entrepreneurial-judgment Armen Alchian opened a seminar by reading a paragraph on property. Only one person in the room recognized it from Mises's Human Action. It changed everything. Mon, 11 May 2026 08:41:03 CDT Peter G. Klein https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/property-rights-and-entrepreneurial-judgment https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/challenge-praxeological-realism Hülsmann opened Mises's 1912 Theory of Money and Credit expecting a historical curiosity. He found a work that surpassed everything published since. Mon, 11 May 2026 08:39:39 CDT Jörg Guido Hülsmann https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/challenge-praxeological-realism https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/my-discovery-human-action-and-mises-philosopher To spend his compulsory East German currency, Hoppe's only options were Marx, Engels, and Russian novels. Then he found his way to Mises through Friedman and Hayek. Mon, 11 May 2026 08:37:36 CDT Hans-Hermann Hoppe https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/my-discovery-human-action-and-mises-philosopher https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-foundations-modern-austrian-school By 1950, the Austrian School was nearly dead. Keynesianism had displaced its business cycle theory, and the profession declared Mises wrong on socialism. Human Action was the counterattack. Mon, 11 May 2026 08:35:30 CDT Randall G. Holcombe https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-foundations-modern-austrian-school https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-way-forward Mainstream economics starts with models and works backward to reality. Mises started with reality and worked forward to theory. Herbener explains why that distinction changes everything. Mon, 11 May 2026 08:33:25 CDT Jeffrey M. Herbener https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/human-action-way-forward https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/ludwig-von-misess-epicurean-ethics Mises was a psychological hedonist, but not the kind you think. David Gordon untangles a philosophical position most Austrians have never examined closely. Mon, 11 May 2026 08:31:09 CDT David Gordon https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/ludwig-von-misess-epicurean-ethics https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/how-human-action-shaped-my-teaching-and-research-career DiLorenzo learned more about inflation and recession in 45 minutes of reading Mises than in two semesters of macroeconomics. That, he argues, is the Austrian School's greatest advantage: anyone can become their own economist. Mon, 11 May 2026 08:29:10 CDT Thomas J. DiLorenzo https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/how-human-action-shaped-my-teaching-and-research-career https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/law-association-foundation-human-society Ricardo's law of comparative advantage wasn't just about trade between nations. Mises saw something deeper: it's the reason human society exists at all. Mon, 11 May 2026 08:27:02 CDT Paul F. Cwik https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/law-association-foundation-human-society https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/preface-influence-and-significance-human-action-after-75-years Ludwig von Mises nearly titled his masterwork Social Cooperation. Salerno explains why that alternative title reveals more about the book's ambition than most readers realize. Mon, 11 May 2026 08:25:03 CDT Joseph T. Salerno https://mises.org/podcasts/influence-and-significance-human-action-after-75-years/preface-influence-and-significance-human-action-after-75-years https://mises.org/podcasts/influence-and-significance-human-action-after-75-years Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor. Mon, 11 May 2026 08:20:08 CDT Joseph T. Salerno https://mises.org/podcasts/influence-and-significance-human-action-after-75-years https://mises.org/mises-wire/how-money-acquires-its-value From Monetarists to advocates of modern monetary theory, government edicts give money its value. Austrian economists from Menger to Mises to Rothbard know better. Mon, 11 May 2026 06:03:09 CDT Frank Shostak https://mises.org/mises-wire/how-money-acquires-its-value https://mises.org/notes-margin/why-young-and-old-men-are-leaving-labor-force-record-rates On top of mounting numbers of retirees, record numbers of young men are claiming to be disabled or sick. Mon, 11 May 2026 03:00:00 CDT https://mises.org/notes-margin/why-young-and-old-men-are-leaving-labor-force-record-rates https://mises.org/power-market/coordination-not-conflict-what-hayek-got-right-about-social-order There is a recurring temptation in political economy to reduce social order to a problem of conflict rather than recognizing the significance of voluntary cooperation. Mon, 11 May 2026 02:02:16 CDT Marcos Giansante https://mises.org/power-market/coordination-not-conflict-what-hayek-got-right-about-social-order https://mises.org/mises-wire/living-under-weight-keyness-shadow-wealth In Graham Moore’s The Wealth of Shadows, John Maynard Keynes is a hero for his monetary manipulations. However, in the real world, the economics of Keynes has brought economic ruin. Mon, 11 May 2026 12:02:13 CDT Matt Hisrich https://mises.org/mises-wire/living-under-weight-keyness-shadow-wealth https://mises.org/podcasts/minor-issues/petrodollar-cracks-skyscraper-stalls-and-commodity-firestorm Even if peace breaks out tomorrow, the economic damage is done. Sat, 09 May 2026 06:02:16 CDT Mark Thornton https://mises.org/podcasts/minor-issues/petrodollar-cracks-skyscraper-stalls-and-commodity-firestorm https://mises.org/mises-wire/private-credit-and-infinite-regress-financial-regulation This is not a cycle of greed. It is spontaneous order doing what it always does: finding the path around the obstruction. Sat, 09 May 2026 12:03:38 CDT Attila Rebak https://mises.org/mises-wire/private-credit-and-infinite-regress-financial-regulation https://mises.org/mises-wire/uk-equality-law-revamp-legislates-socialism Forget freedom. The rage today in politics is equality, not the kind of equality that promotes liberty but rather the state attempting to force equal opportunities and outcomes. In the end, we get neither liberty nor equality. Sat, 09 May 2026 12:03:35 CDT Wanjiru Njoya https://mises.org/mises-wire/uk-equality-law-revamp-legislates-socialism https://mises.org/podcasts/californias-decline-warning-america/where-california-went-wrong Bill Anderson offers a ground-level view of California's decline, arguing that the state's deep entanglement of government with water, energy, housing, and transportation has created a self-reinforcing system where every new crisis produces more regulation, more spending, and fewer productive citizens. Fri, 08 May 2026 12:15:17 CDT William L. Anderson https://mises.org/podcasts/californias-decline-warning-america/where-california-went-wrong https://mises.org/podcasts/audio-mises-wire/hobbess-state-why-are-you-hitting-yourself To complain against the state’s actions, argues Hobbes, is to ultimately complain against yourself because you originally authorized the state through social contract and the state represents you! Fri, 08 May 2026 11:50:03 CDT Joshua Mawhorter https://mises.org/podcasts/audio-mises-wire/hobbess-state-why-are-you-hitting-yourself https://mises.org/podcasts/californias-decline-warning-america/unnatural-disasters-how-state-makes-wildfires-bigger-and-deadlier Connor O'Keeffe argues that California's wildfire crisis is not simply a climate story but a government failure story. Fri, 08 May 2026 09:02:25 CDT Connor O'Keeffe https://mises.org/podcasts/californias-decline-warning-america/unnatural-disasters-how-state-makes-wildfires-bigger-and-deadlier https://mises.org/mises-wire/capital-theory-and-liberty Marxists have claimed that capital undermines human freedom. Ludwig von Mises, on the other hand, pointed out that capital developed within a free market is essential to personal liberty. Fri, 08 May 2026 09:02:20 CDT Eduard Braun https://mises.org/mises-wire/capital-theory-and-liberty https://mises.org/friday-philosophy/stove-selection-theory Does the theory of natural selection undermine the view that ethic can be objective? Dr. David Gordon, in this week’s Friday Philosophy, takes on the theory using insights from philosopher David Stove. Fri, 08 May 2026 06:02:39 CDT David Gordon https://mises.org/friday-philosophy/stove-selection-theory https://mises.org/notes-margin/tennessee-lawmaker-calls-memphis-secede-over-redistricting Rep. Antonio Parkinson (D) said ... “Let my people go. I’m deada‑‑ serious. If you’re constantly beating on us, let us out.” Fri, 08 May 2026 03:00:00 CDT https://mises.org/notes-margin/tennessee-lawmaker-calls-memphis-secede-over-redistricting