
Mises Institute
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.
Latest episodes

Apr 10, 2025 • 31min
A Brief History of Immigration Policy in America
The federal government didn't take charge of immigration policy until the 1880s. In the early republic, almost everyone agreed that immigration policy was a matter for the states.
Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.
Register for our Revisionist History of War Conference now at https://mises.org/rhw
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
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Apr 9, 2025 • 6min
There’s Only One Possible Cause of the Next Recession, and It Isn’t Tariffs
The discussion delves into how President Trump's tariffs may influence economic conditions but aren't the root cause of impending recessions. Instead, it highlights years of artificial credit expansion as the real culprit behind financial downturns. Historical perspectives on recessions are examined, emphasizing the significance of understanding systemic issues and malinvestment to better navigate future economic challenges.

Apr 3, 2025 • 12min
The Silver Lining
Is the silver market a victim of price manipulation, or are there other forces at play? Mark Thornton explores the often-misunderstood economics of silver, delving into the theory of "joint supply" to explain why silver prices can sometimes defy conventional wisdom. Mark examines how silver, often a byproduct of other mining operations, can experience a "silver lining" effect during economic downturns, potentially rising in value when other commodities fall. Forget the conspiracy theories for a clear-eyed look at the economic realities that shape the silver market.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Apr 1, 2025 • 41min
The Problem with International Organizations like the EU and the WTO
Organizations like the European Union and the United Nations are inventions of government elites and are designed to serve the interests of government elites. They centralize political power and do nothing to advance peace or freedom.
Discussed on the Show:
“We Can’t Fix International Organizations like the WTO. Abolish Them.” by Joseph Solis-Mullen: https://Mises.org/RR_233_A
“Subsidiarity and Secession: Bringing the Austrian School to the 21st Century” by Marcos Falcone: https://Mises.org/RR_233_B
Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.
Register for our Revisionist History of War Conference now at https://mises.org/rhw
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

Mar 31, 2025 • 5min
Trump’s “Liberation Day” Tariffs are a Mistake
President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the law of supply and demand does not apply to trade or that the American public will be uncharacteristically fine with higher prices.
Read the article here: https://mises.org/mises-wire/trumps-liberation-day-tariffs-are-mistake
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

Mar 27, 2025 • 17min
Free Trade in the Twenty-First Century
International trade is the topic du jour. Mark Thornton shares his recent presentation at the Austrian Economics Scholars Conference about a timely and important book featuring many of your favorite authors, Free Trade in the Twenty-First Century: Economic Theory and Political Reality.
“Why Smart People Are Rightly Confused About Tariffs” (Unanimity Podcast): https://Mises.org/U4
"Tariff Increases vs. Tax Cuts" (Minor Issues Podcast): https://Mises.org/MI_107
*Free Trade in the Twenty-First Century: Economic Theory and Political Reality*, edited by Max Rangeley and Daniel Hannan: https://Mises.org/MI_113_Book
April 26 in Phoenix, Arizona, Dr. Robert Malone, Tom Woods, and Tom DiLorenzo will discuss the psychological operations in bureaucratic control, the madness of covid-era “public health,” and the corruption and hypocrisy of our federal bureaucracy. Enter for your chance to win a free ticket at https://mises.org/phoenixraffle25. The deadline is April 1. Winners will be announced the week of April 7.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Mar 26, 2025 • 54min
4 Lessons We Learned from the Covid Panic of 2020
It’s been five years since the covid lockdowns of 2020. Ryan McMaken and Tho Bishop take a look at the lessons we learned about the regime, medical staff, and libertarians during one of history’s biggest abuses of state power.
Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.
Register for our Revisionist History of War Conference now at https://mises.org/rhw
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

Mar 24, 2025 • 4min
The Far-Left’s Violent Attacks on Tesla are Revealing
The leftists destroying and defacing Teslas to protest Elon Musk’s foray into American politics provide the latest example of the American far-left being easily co-opted into playing directly into the hands of the political establishment.
Read the article here: https://mises.org/mises-wire/far-lefts-violent-attacks-tesla-are-revealing
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

Mar 20, 2025 • 10min
Are Economic Crises and Crashes Inevitable?
Economic crises don’t just happen—they follow a predictable pattern of boom, bubble, and bust. In this episode, Mark Thornton exposes the true cause of economic crashes: government intervention in money and banking. From the Dutch Tulip Bubble to the Great Depression and beyond, Mark traces how central banks, inflationary policies, and reckless government spending set the stage for financial collapses. Mainstream economists blame "animal spirits," psychological instability, or capitalism itself, but what if the real culprits are the very institutions claiming to prevent crises? Tune in to uncover the truth behind booms, busts, and the destructive cycle of intervention.
Additional Resources
Playing with Fire: Money, Banking, and the Federal Reserve: https://Mises.org/Fire
Early Speculative Bubbles and Increases in the Supply of Money by Doug French: https://Mises.org/Bubbles
The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/Curse
Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Mar 18, 2025 • 6min
Trump Adopts the Democrats’ Terrible Yemen Policy
While the Trump administration claims it is breaking with the policies of Joe Biden, it is continuing US attacks on the Houthis of Yemen supported by the previous president.
Read the article here: https://mises.org/mises-wire/trump-adopts-democrats-terrible-yemen-policy
Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
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