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This week, Bob tackles growing concerns about artificial intelligence, automation, and mass unemployment. Using the principles of marginal productivity and comparative advantage, he shows how the standard economic arguments still apply—even in the age of ChatGPT and robotics. Responding directly to viral tweets from Matt Walsh, Bob dismantles the popular belief that AI will inevitably destroy human labor markets. He explains why highly skilled labor has always coexisted with less-skilled workers and why new technologies, despite their disruptive effects, tend to improve standards of living for everyone over time.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Mark Thornton lays the groundwork for understanding gold and silver before politics gets involved. Mark explains why monetary metals emerge from market “evolution,” how their non-consumptive use creates massive above-ground stocks, and why the same metal serves multiple markets (money vs. consumption) with one price. He explains how demand shifts trigger conservation and recycling, why new mining lags price spikes, how “near-monies” substitute when people economize on cash balances, and why any apparent stability (even par relationships) reflects underlying market conditions, not decree. Today's price volatility is largely the artifact of intervention, not the metals themselves.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Ryan and political scientist Joseph Solis-Mullen talk about how taxes, war, and the state are all part of a centuries-old formula for impoverishing the productive class while enriching the government class. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

The yearning for a state-controlled system is not born of compassion for others but rather of infantile selfishness.Original article: https://mises.org/mises-wire/economics-and-infantilization-culture

On this episode of Power and Market, Ryan, Connor, and Tho look at this week's headlines, including the prospects for the Gaza peace deal, blue state propaganda, the Jay Jones text message scandal, and an inevitable new subsidy for Obamacare.There's still time to join the 2025 Mises Institute Supporters Summit in Delray Beach, Florida. Learn more here.

“Science” is now indistinguishable from politics. As the “acid rain” hysteria showed back in the 1970s and 1980s, “follow the science” is just a political slogan, unrelated to actual science.Original article: https://mises.org/mises-wire/acid-rain-scare-and-science-industrial-complex

Bari Weiss's appointment to head CBS News has brought cries of anguish from the usual suspects on the left and approval from some on the right. But will she really bring the kind of change that will challenge the political establishment? Probably not.Read the article here: https://mises.org/mises-wire/bari-weiss-cbs-new-direction-or-misdirectionBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

Once upon a time, American firms built with the long term in view, and the government did not try to hinder them. Today, thanks to reckless federal government spending, we are living hand-to-mouth, accumulating massive debts, and soon enough will be broke.Original article: https://mises.org/mises-wire/going-broke

“The Civil War was really the watershed,” he wrote Meyer. “Lincoln was America's first dictator, and almost all the Republican Acts were monstrous.”Original article: https://mises.org/mises-wire/letters-frank-meyer-reveal-rothbards-views-lincoln-slavery-and-popular-sovereignty

The recent assassination of Charlie Kirk has focused attention on political violence. Ludwig von Mises, not surprisingly, understood that tying morality to politicized state helps create the climate where political violence is prevalent.Original article: https://mises.org/mises-wire/mises-separating-morality-and-state

During the Middle Ages, taxation was considered to be appropriate only as an extreme measure in times of emergency, and as a last resort. Kings were expected to subsist on revenues from their own private property.Original article: https://mises.org/mises-wire/why-taxes-were-so-hated-middle-ages

Jonathan Newman returns to join Bob in a critique of Eliezer Yudkowsky's viral theory of investment bubbles. Yudkowsky states that the bad investment during bubbles should be felt before the bubble pops, not after. They argue that his perspective—while clever—fails to consider the Austrian insights on capital structure, time preference, and the business cycle. They use analogies from apple trees to magic mushrooms to show why Austrian economics provides the clearest explanation for booms, busts, and the pain that follows.Eliezer Yudkowsky's Theory on Investment Bubbles: Mises.org/HAP520aBob's Article "Correcting Yudkowsky on the Boom": Mises.org/HAP520bBob's on The Importance of Capital Theory: Mises.org/HAP520cJoe Salerno on Austrian Business Cycle Theory: Mises.org/HAP520dDr. Newman's QJAE Article on Credit Cycles: Mises.org/HAP520eThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Leftists seek to create a new society that supposedly is peaceable. However, they also celebrate violence done against political opponents, something that Murray Rothbard understood as undermining every supposed peaceful goal they claim to be pursuing.Original article: https://mises.org/mises-wire/individualism-and-violence-identitarian-left

On the latest episode of Minor Issues, Mark Thornton uses vitamin K2 (MK-7) as a case study in how technocracy goes wrong, elevating cutting-edge findings and bureaucracy over experience, incentives, and real-world diets. Mark explains why K2 is linked in emerging research to bone health, arterial calcification, and even neurodegenerative conditions, and highlights a paradox: many food sources rich in K2 (beef, eggs, butter, chicken liver, European cheeses, salami) are officially discouraged, while “approved” sources (natto, kefir, sauerkraut) are niche. The takeaway isn't medical advice, it's a critique of a compliance-driven health regime that sidelines decentralized knowledge and choice.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

A long-enduring myth about money is that we need a flexible or "elastic" currency for the economy to grow. Economist Jonathan Newman joins us to talk about why this has never been true. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic growth was accompanied by deflation.Original article: https://mises.org/mises-wire/inflation-and-economic-growth

Advocates for US military intervention have invoked the war against the Barbary pirates as justification. Yet, an examination of that conflict shows that President Jefferson's actions were limited and followed the direction of Congress.Original article: https://mises.org/mises-wire/jeffersons-war-barbary-pirates-unjustified-password-military-intervention

On this episode of Power and Market, Ryan, Tho, and Connor look at the news this week, including the escalation of threats to turn federal troops onto blue states, criminal charges for former FBI Director James Comey, and yet another government shutdown.There's still time to join the 2025 Mises Institute Supporters Summit in Delray Beach, Florida. Learn more here.

Was Jackson's victory over the Second Bank of the United States a triumph for liberty, or did it merely expand federal authority under the guise of constraining it? His legacy is complicated, but there is much we can learn from it.Original article: https://mises.org/mises-wire/complicated-legacy-andrew-jacksons-bank-war

The Renaissance period is seen as mostly positive by historians, but the sinister development of absolutism and the imperial state complicates the legacy of that time.Original article: https://mises.org/mises-wire/absolutism-and-reason-state-rothbard-growth-statism

Although the political establishment claims the Comey indictment represents an unprecedented moment in our history, the truth is much different. Federal prosecutors have a long history of bringing unjustified, politically-motivated prosecutions.Original article: https://mises.org/mises-wire/james-comey-not-innocent-victim-lawfare-he-helped-create

The media is trying to frame last week's indictment of James Comey as a “norm-shattering” use of executive power for personal gain. In truth, it's just the latest chapter in a much older story: the struggle between elected and unelected officials.Read the article here: https://mises.org/mises-wire/trump-comey-and-long-history-unelected-governmentBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the farmers they were trying to support.Original article: https://mises.org/mises-wire/wheels-government-cheese

Professor Georgy Ganev joins Bob to explain that, contrary to the claims of David Graeber and the MMTers, the barter origin of money has not been refuted. The anthropological evidence is consistent with the Mengerian story, and Mises' regression theorem remains the only coherent explanation for money's value. Professor Ganev's Paper, "Has the barter theory of the origins of money been rejected?": Mises.org/HAP519aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Created to assure that newly-freed slaves would receive equal legal protection, the Fourteenth Amendment has come to dominate federal jurisprudence. This is not a good thing.Original article: https://mises.org/mises-wire/how-fourteenth-amendment-empowers-judicial-activism

Individual voters have little reason to become informed. Politicians have strong incentives to pander rather than persuade. Partisans are rewarded for tribal loyalty rather than epistemic integrity.Original article: https://mises.org/mises-wire/when-political-violence-becomes-signal

On the latest episode of Minor Issues, Mark Thornton critiques “green” mandates through the seen–unseen lens, contrasting them with conservation grounded in property rights and price signals. He spotlights silver—vital for electronics, medicine, and water filtration, hard to recycle, and mostly a mining byproduct—now in multi-year supply deficits. Subsidies for solar and EVs accelerate silver consumption and divert it from higher-value uses into short-lived installations. Real conservation comes from ownership, profit and loss, and interest rates, not bureaucratic targets.Donate $5 today to support the Mises Institute's Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25A special bonus offer for Minor Issues listeners: donate to the Mises Institute's Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

New letters, from Murray Rothbard to Frank Meyer, have been discovered by researcher Daniel Flynn detailing some of Rothbard's earliest views on Ayn Rand, and what later went wrong. This week is our Fall Campaign! Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/RR25 https://Mises.org/RR25Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

President Trump's latest anti-broadcast media actions are portrayed in legacy media as being unprecedented. While they definitely are outrageous, they hardly are the first time presidents have used federal agencies to go after broadcast opposition.Original article: https://mises.org/mises-wire/presidents-have-long-history-using-fcc-silence-their-critics

On this episode of Power and Market, the roundtable promotes our Mises Institute fall campaign, bashes Attorney General Pam Bondi, has little sympathy for Jimmy Kimmel, and questions Trump's recent comments on Russia and Afghanistan.This week is our Fall Campaign! Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/PM25Join Ryan, Connor, and Tho in beautiful Delray Beach, Florida at the 2025 Mises Institute Supporters Summit. Learn more here.

“Hate speech” does not exist. At all. That's a concept the Left invented to justify state-enforced censorship of speech the Left doesn't like.Be sure to follow the Loot and Lobby podcast at Mises.org/LL

The political establishment is trying to stoke panic that Trump is “politicizing” the Federal Reserve. But it's already political. The real danger, from their perspective, is not that Trump is changing the Fed; it's that he's making its true nature harder to hide.Read the article here: https://mises.org/mises-wire/establishment-fears-about-trumps-focus-fed-are-about-optics-not-policyThis week is our Fall Campaign here at the Mises Institute. Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/gb25Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Men can be trained to regard their exploiters as the virtuous architects of safety and prosperity, as so many so-called "citizens" in America are so relentlessly trained to do. Original article: https://mises.org/mises-wire/why-government-so-loved-so-many

The irony of the Jimmy Kimmel controversy is that he owed his spot at ABC precisely because his work was non-political. Unfortunately in modern America, professional clowns feel they must become political tools.Original article: https://mises.org/mises-wire/jimmy-kimmel-american-tragedy

“Hate speech” does not exist. At all. That's a concept the Left invented to justify state-enforced censorship of speech the Left doesn't like.Original article: https://mises.org/mises-wire/hate-speech-isnt-real-and-pam-bondi-enemy-freedom

In this solo episode, Bob challenges the populist narrative that private equity ownership of homes is the main driver of rising housing costs. He explains the actual role of speculators in stabilizing markets, compares housing to used car dealerships, and critiques proposals like Henry George's land tax. Bob also points to zoning restrictions and the Federal Reserve's balance sheet as the real culprits behind skyrocketing prices.The Social Function of Stock Speculators: Mises.org/HAP518aRothbard's Treatise, Man, Economy, and State: Mises.org/HAP518bBob's Study Guide to Man, Economy, and State: Mises.org/HAP518cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Mark Thornton returns as a guest on the Liberty and Finance podcast with Dunagun Kaiser to walk through Ludwig von Mises's three stages of inflation, and why today's mix of towering deficits and money printing puts the US on the on-ramp to hyperinflation. Mark also connects sanctions and tariffs to global de-dollarization, explains why central banks are swapping Treasuries for gold, and breaks down his gold-to-silver trade. The conversation ranges from “black swans” to state-level sound-money moves, and closes with practical steps.Additional ResourcesVisit Liberty and Finance at https://libertyandfinance.com"Black Swans, Sequestered Capital, and the Next Bust” (Minor Issues): https://mises.org/MI_137Donate $5 today to support the Mises Institute's Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25A special bonus offer for Minor Issues listeners: donate to the Mises Institute's Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

As the Federal Reserve signals it doesn't care about price inflation, we're reminded the Fed is mostly motivated to ensure rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Ryan, Connor, and Tho discuss the causes and implications of the Fed's decision to cut interest rates.For more information and to subscribe, visit https://Mises.org/P&MPod

As politics come to dominate more of our lives and young generations grow righteously disillusioned with a system designed to rip them off, we're likely to see more violence and chaos. It's a bad path we're on. But there is a better one.Read the article here: https://mises.org/mises-wire/kirk-assassination-has-exposed-our-political-rotThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/Hayak21Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Bob talks with economist Jeff Degner about his new book Inflation and the Family. Drawing inspiration from Guido Hülsmann's The Ethics of Money Production, Professor Degner shows how central bank policies and interest rate manipulation create ripple effects beyond prices and GDP. From marriage formation to fertility decisions and divorce trends, he explains how inflation fosters short-termism, debt culture, and moral hazard within households.Join Jeff Degner and other Mises faculty on November 1st for our first student-only event at Cornerstone University in Grand Rapids, Michigan. Find out more at Mises.org/Cornerstone25Inflation and the Family: Mises.org/HAP517aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

One of the reasons Charlie Kirk was considered "divisive" was that he spoke out against the civil rights laws, which was interpreted as his supporting Jim Crow segregation. Yet, these laws did not increase liberty but rather imposed a new progressive vision on Americans.Original article: https://mises.org/mises-wire/charlie-kirk-and-sacred-totem-civil-rights