Mises Institute

Vincent Geloso and Chandler Reilly have a new paper in which they use Rothbard's "Private Product Remaining" (PPR) as a lower bound on estimates of national output, to be contrasted with the convention GDP statistics as an upper bound. Bob has the authors explain Rothbard's proposal and how they are trying to introduce it to the economics profession. The Paper, "National Output Without Government?": https://Mises.org/HAP503a The Human Action Podcast Episode on Dubious Origins of GDP/GNP: https://Mises.org/HAP503b The Bob Murphy Show Episode With Alex Salter Criticizing "State Capacity": https://Mises.org/HAP503c

In this episode of Minor Issues, Mark Thornton explores how nations quietly prepare for war—and what the corporate media isn’t telling you. From Europe’s military buildup and the global trade war to the hidden toll of economic sanctions, Mark unpacks historical patterns that have repeatedly led societies to disaster. Why is gold at a record high? How does modern mercantilism fuel today’s tensions? Are we all just pawns in a much bigger game? Join Mark as he examines the real risks simmering beneath the headlines, and what history can teach us about the cost of ignoring them. Additional Resources “The World at War—An Essential New Book from Ralph Raico“ by Ryan McMaken: https://mises.org/MI_123A An Anti-War Reading List: https://mises.org/MI_123B The Costs of War: America’s Pyrrhic Victories edited by John V. Denson: https://mises.org/MI_123C Audio and videos recordings of the Mises Institute’s May 2025 Revisionist History of War Conference: https://mises.org/MI_123D Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of “Fed independence.” The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime. 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

As President Trump racks up defeat after defeat before the federal courts, the legacy media claims that federal judges are protecting us from government overreach. In reality, government overreach as we know it has been made possible by the federal judiciary. Read the article here: https://mises.org/mises-wire/federal-judiciarys-war-trump-not-about-protecting-us-government-overreach 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

Dr. Hülsmann’s piercing analysis highlights the true tragedy of our inflationary regime in a way few others can. After all, inflation isn’t simply a stealth tax on the average American, it does so to fund the worst aspects of the current regime. It’s the lifeblood of both the war machine abroad and the growing politicized police state at home. In its wake, it leaves a society that rewards self-destructive short-term behavior and does so at the expense of those who sacrifice to make responsible decisions in their daily lives. It robs us materially, morally, and spiritually.

The political legacy of Elon Musk, the moral costs of Keynesianism, and the absurdity of Harvard and NPR as public goods. Welcome back to the Power & Market Podcast, a weekly news recap from the Mises Institute’s editorial team. This week, Ryan McMaken, Tho Bishop, and Connor O’Keeffe discuss the letdown of the Department of Government Efficiency, dissect the ongoing degeneracy of Keynesian economics, and explore the rising movement to defund elite universities like Harvard. Has the establishment finally overplayed its hand? What's next for higher education? For more information and to subscribe, visit https://Mises.org/P&MPod

Polish professor of political theory Łukasz Dominiak joins us to talk about how Poland embraced a market economy after the Cold War ended. We discuss some of the factors behind Poland’s rise from poverty. 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

Establishment figures claim Trump’s recent frustrations with Putin prove them right—that Putin can’t be reasoned with. In reality, Trump’s predicament is largely the result of their own failed policies. Read the article here: https://mises.org/mises-wire/why-ending-war-ukraine-so-difficult-now 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

This week, interest rates spiked as Trump’s spending problem convinced investors they want higher yields for trillions of new federal debt. Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

The podcast dives into Biden's concealed health issues, speculating on an advanced cancer diagnosis and the media's role in shaping the narrative. It discusses the shift in U.S. foreign policy, particularly Trump's new approach to the Middle East, moving away from neoconservative strategies. The hosts also examine the bond market's reaction to rising yields and the challenges of mounting national debt. They highlight the complex interplay between government spending, tax cuts, and inflation, revealing political contradictions in fiscal policy.