Mises Institute

"The word praxeology can be used in two different ways. One is for a science of human action, as developed by Ludwig von Mises and his successors, principally Murray Rothbard. And the other is for the deductive method used in the science of human action." Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025. Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jeffrey Herbener explains how Austrian price theory reveals the logic of voluntary exchange and subjective value, and why market prices emerge not from production costs, but from personal preferences and economizing choices Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025. Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Professor Salerno traces the birth of the Austrian School to Carl Menger’s revolutionary insight: prices emerge from human wants, choices, and the subjective value of each unit consumed. Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025. Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

The right dismisses economics at its peril. Tom Woods shows why Austrian economics holds the key to solving the very cultural and economic crises that MAGA claims to care about. Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025. Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

On this episode, Mark Thornton breaks down the political pressure from Trump, market demands for cheap money, and the Federal Reserve’s real fears: a collapsing dollar, rising inflation, and soaring long-term rates. Mark traces the history of interest rate manipulation, the precarious state of US debt, and why Chairman Powell may be clinging to high rates—not for the public good, but to save face before his 2026 exit. With the dollar weakening and deficits exploding, Mark explains why the next crisis could be just one rate cut away. Additional Resources “Trump Is Wrong about Interest Rates“ by Ryan McMaken (Radio Rothbard Podcast): https://mises.org/MI_129_A “Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers”: https://mises.org/MI_129_B “Federal Funds Effective Rate”: https://mises.org/MI_129_C “Nominal Broad U.S. Dollar Index”: https://mises.org/MI_129_D “Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis”: https://mises.org/MI_129_E “Minutes of the Federal Open Market Committee, June 17–18, 2025” (PDF): https://mises.org/MI_129_F “US FOMC Meeting Minutes (June 17-18, 2025)” by Ksenia Bushmeneva: https://mises.org/MI_129_G Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25 Be sure to follow Minor Issues at https://Mises.org/MinorIssues

After promising to end the Ukraine war immediately, and to stay out of Middle East wars, President Trump has instead doubled down on intervening in both conflicts. 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

This week, Bob returns to the topic of how the United States could practically abolish the Federal Reserve and transition to a stable monetary system backed by gold. He clarifies common misconceptions about the consequences of ending the Fed, provides historical context for America’s monetary systems, and lays out a realistic path forward for monetary reform. Bob's Mises Article, "Putting the Country Back on Gold": https://Mises.org/HAP509a Understanding Money Mechanics: https://Mises.org/HAP509b

When President Trump declared the Epstein case closed, many of his supporters in MAGA objected, believing that the government is still hiding the truth. But Trump opponents claim that MAGA is a monolithic movement beholden only to Trump. This incident tells us something else. Read the article here: https://mises.org/mises-wire/split-over-epstein-tells-us-something-important-about-maga-movement The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

There are many reasons for disliking the Federal Reserve. However, many critics of the Fed attack the Fed for the wrong reasons. Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

Let’s look at some of the reasons why President Trump and his supporters are so obsessed with demanding that the Federal Reserve force down interest rates even further. 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