Mises Media

Are markets a friend to minorities? Economist Walter Williams thought so, and Wanjiru Njoya explains why. Her lecture cuts through critical race theory dogma to show how liberty, not legislation, lifts up the marginalized.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 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.

Sandra Klein takes on dwarf-tossing, horse meat, and human organ sales to show how moral squeamishness isn't a market failure, it's just a preference.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 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.

Timothy Terrell tackles the most common objections to capitalism, from inequality myths to profit “villainy,” and offers a principled, empirical defense of market institutions and voluntary exchange.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 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.

In the wake of the US bombing of Iran, media outlets are warning about Iran retaliating with cyber attacks on the West. As the public fear of attacks increases, government moves into the void to find new ways to restrict our liberties.Original article: https://mises.org/mises-wire/will-iran-cyber-attack-panic-usher-new-patriot-act

The Democrats are performing an autopsy of their 2024 electoral failures, but without mentioning Biden, the Harris campaign, their alienation of certain demographics, or their polarizing positions.Original article: https://mises.org/mises-wire/democrats-are-making-costly-unserious-attempt-find-out-why-they-lost

The minimum wage is harmful, racist, sexist, and completely unnecessary.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 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.

Competition is a relentless, dynamic process of entrepreneurship and discovery. Tom DiLorenzo exposes how antitrust laws, rooted in flawed theories of monopoly and “perfect competition,” have served as government tools to punish success, stifle innovation, and prop up politically favored monopoliesRecorded at the Mises Institute in Auburn, Alabama, on July 22, 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.

Paul Cwik unpacks Austrian Business Cycle Theory, explaining how artificial credit expansion triggers unsustainable booms and inevitable busts. He walks through models of savings, investment, and the structure of production to reveal how interest rate manipulation distorts the economy, and why liquidation and recovery are both necessary and painful.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 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.

Patrick Newman introduces Austrian capital theory: how savings, time, and production structures drive economic growth. Without capital goods and roundabout production, we'd still be living like primitive hunters, and without savings, growth halts altogether.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 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 answer lies not in doubling down on political unity, maintained through endless violence or threats of violence. Rather, the answer lies in peaceful separation.Original article: https://mises.org/mises-wire/secession-inevitable-war-prevent-it-optional

A modern socialist economy is impossible.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 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.

Just as no one in the world could possibly make something as simple as a pencil all by himself, as the great Leonard Read explained in his famous essay, I, Pencil, so it is with Mises University.Original article: https://mises.org/power-market/i-mises-university

Dr. Jeffrey Herbener explains how time preference shapes interest rates, production, and investment, making time central to economic coordination and prosperity.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 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.

Is Austrian Economics compatible with modern sociology, which is presently dominated by collectivists? However, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.Original article: https://mises.org/mises-wire/rethinking-sociology-mises-new-austro-libertarian-framework-understanding-society

The biography of Hans F. Sennholz reads like a paradoxical novel—as if the protagonist had journeyed backward through the twentieth century.Original article: https://mises.org/power-market/silent-guardian-liberty-hans-f-sennholz-and-seed-mises-america

What do we mean by “states‘ rights”? Mises scholar, Wanjiru Njoya, takes us through the discussion to show us how different people have tried to define and explain that term.Original article: https://mises.org/mises-wire/understanding-doctrine-states-rights

David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation. He also explains why a 100% reserve system could prevent crises, and why no one on Wall Street wants that to happen.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.

Dr. Sandy Klein walks through the origins and essential functions of money, showing how barter's pitfalls led to the spontaneous emergence of money as a medium of exchange. She explains Menger's and Mises's insights into money's evolution, why gold and silver prevailed, and how inflation and counterfeiting distort economies.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.

"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.

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.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.Original article: https://mises.org/mises-wire/questionable-role-quantitative-methods-economics

Some in Congress are floating the idea of selling government land -- especially in the West -- as a way to pay down federal debt and free more land for housing. While this might seem like a free market "solution," we should remember that the government is a rapacious monopoly.Original article: https://mises.org/mises-wire/selling-public-lands

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.

In 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_GRegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Why did North and South go to war with each other in 1861? The standard narrative is that slavery caused the war while more thoughtful people realize that the causes are much more complex than the simple "slavery existed" narrative.Original article: https://mises.org/mises-wire/understanding-causes-lincolns-war

While it is tempting to see the economic success of Singapore and Hong Kong as similar, there really are stark differences between them. Hong Kong has developed through laissiez-faire and entrepreneurship while Singapore is much more state directed.Original article: https://mises.org/mises-wire/economic-success-singapore-and-hong-kong

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/RadioRothbardRadio 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": Mises.org/HAP509aUnderstanding Money Mechanics: Mises.org/HAP509bThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

On this episode of Power and Market, the group looks at the continued attacks on Powell, how the media wants to blame everything on tariffs, and why Federal employees don't deserve nice things.For more information and to subscribe, visit https://Mises.org/P&MPod

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.Original article: https://mises.org/mises-wire/axiom-action-and-inescapability-liberty

Jesús Huerta de Soto has published a series of lectures on Austrian Economics, and Dr. David Gordon in Friday Philosophy reviews his Lectures in Austrian Economics, Volume 1. Dr. Gordon is especially interested in how de Soto deals with time.Original article: https://mises.org/friday-philosophy/invasion-spatializers

This article is dedicated to some of the quotes, especially from key participants and primary sources, about inflation and its consequences during the American Revolution. As usual, war led to inflation, which in turn facilitated war, and both contributed to centralization.Original article: https://mises.org/mises-wire/their-own-words-revolutionary-voices-inflation

Mises University begins Sunday, July 20, and given that misinformation abounds about the economy, it is good to have a forum where students can learn economic truths and stretch their minds.Original article: https://mises.org/mises-wire/why-mises-university-matters

Despite assurances from Amtrak's administrators that profitability is just around the corner, Amtrak remains a huge money loser. However, even given the long distances of some of the routes, Amtrak could still be profitable if its leadership is willing to make changes.Original article: https://mises.org/mises-wire/subsidies-amtrak-and-siemens-pathway-cronyism-few

The word "democratic" is supposed to soften the blow of socialism, with Zohran Mamdani's campaign being the latest to fool the voters. In reality, there is no softening real socialism, as it depends upon coercion, violence, and ultimately becomes totalitarian.Original article: https://mises.org/mises-wire/democratic-socialism-totalitarianism

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-movementThe 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/gabfreebookBe sure to follow the Guns and Butter podcast at Mises.org/GB

Like a child with his new favorite toy at Christmas, President Trump is using tariff taxes not only to attempt to centrally plan the pricing of thousands of goods and services in the economy, but also to engage in election interference in other countries.Original article: https://mises.org/power-market/trumps-election-interference-tariff

There are real concerns regarding Mamdani. Mamdani is a self-described socialist, and socialism has failed disastrously everywhere it's been tried.Original article: https://mises.org/power-market/new-york-city-doomed

Exposing such lies is key for restoring liberty. The good news is that the more mistrust of government grows, the easier it will be to find people receptive to our message.Original article: https://mises.org/power-market/mistrusting-government-about-epstein-and-more

By introducing legislation to raise the federal minimum wage to $15 an hour, Republican Sen. Josh Hawley is demonstrating that while Republicans like to talk about free markets, they are statists and interventionists like their Democratic colleagues across the aisle.Original article: https://mises.org/mises-wire/josh-hawley-proves-republicans-still-dont-understand-economics

Perhaps no publication contributed more to the Colonials' drive for independence from Great Britain than Thomas Paine's pamphlet "Common Sense." But what if he had tried to get the Continental Congress to publish it, instead? The following debate might have occurred.Original article: https://mises.org/mises-wire/thomas-paine-slaps-congress-his-resume