Mises Institute

On this episode of Minor Issues, Mark Thornton unpacks the unfolding economic crisis through the lens of Ludwig von Mises’s “crack-up boom.” With inflation accelerating, deficits ballooning, and the Fed’s credibility fading, Mark outlines how reckless monetary policy and unsustainable government spending are setting the stage for stagflation—or worse. From gold’s surge to the dollar’s decline, he connects today’s market signals to Mises’s dire warnings about monetary collapse, offering a sobering look at what may lie ahead for the US economy. Additional Resources "Trump (Again) Demands More Easy Money To Help Fund Even Bigger Deficits" by Ryan McMaken: https://mises.org/MI_125_A "Interest Rates Rise Again as Treasury Auction Comes Up Short" by Ryan McMaken: https://mises.org/MI_125_B "Powell, Trump, and the Austrian Business Cycle Time Bomb" (Minor Issues, Ep. 118): https://mises.org/MI_118 "Prospects for Hyperinflation" (Minor Issues, Ep. 116): https://mises.org/MI_116 "Are Economic Crises and Crashes Inevitable?" (Minor Issues, Ep. 112): https://mises.org/MI_112 "The Precarious State of the American Economy" (Minor Issues, Ep. 111, with Scott Horton): https://mises.org/MI_111 How Inflation Destroys Civilization by Guido Hülsmann: https://mises.org/InflationDestroys Ludwig von Mises on Money and Inflation, edited by Bettina Bien Greaves: https://mises.org/MI_125_C The Inflation Crisis and How to Resolve It by Henry Hazlitt: https://mises.org/MI_125_D Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

Real estate investor and Mises Institute contributor Artis Shepherd joins us to talk about how our stagnating economy is affecting multifamily housing and other commercial real estate. Banks and investors are using “extend and pretend” tactics to cover up the true state of the industry. 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

The discussion delves into how the state thrives on conflict, increasing its power through war at the expense of individual liberty. It highlights the libertarian principle of non-aggression, emphasizing the moral implications of self-defense versus state violence. The podcast also critiques modern warfare's ethical dilemmas, particularly with nuclear weapons, and advocates for disarmament. Ultimately, it champions peaceful resolutions over state-sanctioned aggression, questioning the legitimacy of war and its toll on civilians.

The United States is dangerously close to entering yet another war in the Middle East. But this one has the potential to be a lot costlier for the American people while remaining just as unlikely to bring about peace and stability in the region. Read the article here: https://mises.org/mises-wire/war-iran-not-interest-american-people 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

In this welcome lecture to the 2025 Rothbard Graduate Seminar, Joseph Salerno dismantles the myth that Murray Rothbard was an outsider to mainstream economics. Drawing on Rothbard’s deep academic training and early career, Salerno reveals how Rothbard was a thoroughly trained neoclassical economist before his conversion to Austrian economics. The talk highlights Rothbard’s engagement with institutionalism, positivism, and Keynesianism, and how his discovery of Mises and praxeology transformed his outlook—ultimately forging one of the most original and radical economists of the 20th century. Recorded at the Mises Institute in Auburn, Alabama, on Sunday, June 8, 2025.

Bob hosts economist Daniel Lacalle to analyze the controversial Big Beautiful Bill. Daniel explains why, despite its imperfections, the bill represents a vital first step toward curbing government spending and protecting private-sector prosperity from excessive state intervention. Daniel's Article, "The Big Beautiful Bill Is Much Better Than You Think": https://Mises.org/HAP504a Thomas Massie's X Exchange on the Hidden Costs of the BBB: https://Mises.org/HAP504b

On this episode of Minor Issues, Mark Thornton dives into Murray Rothbard’s theory of interventionism. Mark explores how Rothbard sharply delineates the line between voluntary action in the free market and coercive government intervention. He deconstructs Rothbard’s typology—autistic, binary, and triangular interventions—and explains why only free markets improve utility for everyone, while intervention creates winners and losers. It’s a wake-up call for anyone who still thinks regulation and taxation are harmless. Additional Resources "The Economics of Violent Intervention in the Market" by Murray N. Rothbard (Man, Economy, and State with Power and Market, Chapter 12): https://mises.org/MES "The Greatness of Man, Economy, and State" by Lew Rockwell: https://mises.org/MI_124_A 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

On this episode of Power and Market, the group discusses the fallout from Israel’s strikes on Iran and the Trump Administration’s (changing?) position on immigration enforcement. For more information and to subscribe, visit https://Mises.org/P&MPod

Joshua Mawhorter joins us to talk about how the fiat-money theories of Modern Monetary Theory and chartalism aren’t supported by the historical facts. 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

On this episode of Power and Market, the group discusses the fallout from Musk’s fight with Trump, recent reporting on Palantir contracts, and how the courts are not interested in protecting rights. For more information and to subscribe, visit https://Mises.org/P&MPod