Podcasts about mises

Taking a recent Twitter exchange as a springboard, Bob argues that George Selgin has unwittingly conceded the entire argument they had at the SoHo Forum: namely, fractional reserve banking by its very essence causes a mismatch between the community's saving and the funds made available for loans via the banks.Mentioned in the Episode and Other Links of Interest:Keith Vencel's new book, A New Monetary System.The SoHo Forum debate between Selgin and Murphy.Selgin's posts on ABCT and FRB (one and two).Bob's Human Action episode on Mises and FRB.Bob's QJAE article on FRB and the business cycle.Help support the Bob Murphy Show.

This week, Bob talks with Dr. Patrick Newman about his new book, Cronyism: Rise of the Corporatist State, 1849–1929, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of the "public interest."Related:Cronyism: Rise of the Corporatist State, 1849–1929: Mises.org/HAP562aBob on the Speaker Panel, Why Is the Healthcare System Broken?: Mises.org/HAP562b

Months ago, the administration said the war's goals were regime change and the removal of all uranium from Iran. We never hear about that anymore because the war has failed to produce either goal. Instead, Trump calls for opening the Strait of Hormuz, which had been open before the war.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

Mark Thornton returns to Rothbard's idea of major party realignment, arguing that ideology—not interest-group politics alone—drives long-term political change. He applies that framework to today's Republican Party, tracing its roots in crony capitalism, protectionism, prohibitionism, and single-issue coalitions, while arguing that the modern uniparty supports inflation, war, runaway spending, debt, and the erosion of the middle class.On Side B, Mark joins Little by Little to discuss war, business cycles, bond-market distrust, private credit, gold, AI, and the growing divide between official statistics and household reality. He warns that political barriers can delay realignment only so long before pressure builds toward revolution, but closes with optimism: young Americans are increasingly rejecting the parties, the media, and state propaganda—and are more open to Austrian economics than ever.Additional Resources"Major Party Realignment" by Mark Thornton (Minor Issues, Episode 186): https://mises.org/podcasts/minor-issues/major-party-realignment"The Transformation of the American Party System" by Murray N. Rothbard: https://mises.org/mises-daily/transformation-american-party-system"Taking Government Out of Politics: Murray Rothbard on Political and Local Reform during the Progressive Era" by Patrick Newman (Quarterly Journal of Austrian Economics): https://mises.org/quarterly-journal-austrian-economics/taking-government-out-politics-murray-rothbard-political-and-local-reform-during-progressive-era"Murray Rothbard's Lessons for the Right" by David Brady Jr. (Modern Age Journal): https://modernagejournal.com/murray-rothbard-conservative-libertarian/2547542026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Much of the discussion around American healthcare ignores the fact that most of the American healthcare system is already a government healthcare system.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

Much of the discussion around American healthcare ignores the fact that most of the American healthcare system is already a government healthcare system.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

Fauci is back in the limelight after the release of his diary before a Senate hearing last week. And that's good, because the career of Anthony Fauci can teach us a lot about where power actually resides in America and how our system really works.Read the article here: https://mises.org/mises-wire/what-anthony-fauci-teaches-us-about-american-government2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

Bob returns to the fractional reserve banking debate to clarify a point the critics keep missing: in the Mises-Hayek-Rothbard framework, it's fractional reserve banking itself that sets the boom-bust cycle in motion, not merely central banks.Related:Lawrence White, Free Banking in Britain: Mises.org/HAP561aBob's Previous Episode on Rothbard vs Free Bankers: Mises.org/HAP561bBob's Paper on the History of Fractional Reserve Free Banking: Mises.org/HAP561cRoger Garrison's Presentations on Capital-Based Macroeconomics: Mises.org/HAP561d

Bob returns to the fractional reserve banking debate to clarify a point the critics keep missing: in the Mises-Hayek-Rothbard framework, it's fractional reserve banking itself that sets the boom-bust cycle in motion, not merely central banks.Related:Lawrence White, Free Banking in Britain: Mises.org/HAP561aBob's Previous Episode on Rothbard vs Free Bankers: Mises.org/HAP561bBob's Paper on the History of Fractional Reserve Free Banking: Mises.org/HAP561cRoger Garrison's Presentations on Capital-Based Macroeconomics: Mises.org/HAP561d

The transition problem. Rothbard weighs forcing deflation down to the existing gold stock against raising the gold price to match the dollar supply, defends deflation against its reputation, and sets out a six-point program. He parts with Mises and Hazlitt on sequencing, and closes by insisting that scholars must argue for what is true rather than for what is currently expedient.

5 Hours 31 MinutesNSFWThe 2026 episodes so far.DE's Telegram ChannelFundamental Principles PodcastCharles' Book - The Holistic Guide to SuicideJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

8 Hours 52 MinutesNSFWThe 2025 episodes.DE's Telegram ChannelFundamental Principles PodcastCharles' Book - The Holistic Guide to SuicideJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

8 Hours 59 MinutesNSFWThis includes an episode not made public before.DE's Telegram ChannelJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

8 Hours 34 MinutesNSFWThis includes an episode not made public before.DE's Telegram ChannelFundamental Principles PodcastJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

Mark Thornton opens this triple-header episode with a live Radio Rothbard appearance from Mises University, joining Ryan McMaken to discuss inflation, the K-shaped economy, asset prices, debt, the dollar, and why Austrian theory explains what mainstream accounts leave out. Thornton argues that monetary inflation benefits asset owners and government-connected interests first, while working households face higher prices long before wages catch up.On Side B, Mark joins Freedom Works interview on democratic socialism, where he explains why young Americans are drawn to socialism, how government intervention created many of their grievances, and why free markets remain the real path forward. The episode closes with Wall Street Bullion to discuss gold, silver, energy, debt service, the weakening dollar, BRICS, the petrodollar, and the economic fallout from war in the Persian Gulf.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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Le Journal en français facile du mercredi 29 juillet 2026, 18 h 00 à Paris. Retrouvez votre épisode avec la transcription synchronisée et des exercices pédagogiques pour progresser en français : http://rfi.my/CvGu.A

Bob reviews Murray Rothbard's 1988 essay "The Myth of Free Banking in Scotland," his sharp response to Larry White's influential account of Scottish free banking.Related:Rothbard's Article, "The Myth of Free Banking in Scotland": Mises.org/HAP560aBob's Debate with George Selgin on Fractional Reserve Banking: Mises.org/HAP560bGeorge Selgin's Article, "Scottish Banks and the Bank Restriction, 1797–1821": Mises.org/HAP560cJoe Salerno's Article on Mises as Currency School Free Banker: Mises.org/HAP560d

Bob reviews Murray Rothbard's 1988 essay "The Myth of Free Banking in Scotland," his sharp response to Larry White's influential account of Scottish free banking.Related:Rothbard's Article, "The Myth of Free Banking in Scotland": Mises.org/HAP560aBob's Debate with George Selgin on Fractional Reserve Banking: Mises.org/HAP560bGeorge Selgin's Article, "Scottish Banks and the Bank Restriction, 1797–1821": Mises.org/HAP560cJoe Salerno's Article on Mises as Currency School Free Banker: Mises.org/HAP560d

The completion of the first draft of Man, Economy, and State enabled Murray Rothbard to move on to other activities and projects. He earned his doctorate in 1956 and reviewed papers and books for the Volker Fund, evaluating contemporary research using the body of economic theorems he had deduced. Focusing on the Chicago School, Rothbard criticized Israel Kirzner's attempt to fuse Austrian insights with neo-Marshallian production theory as well as Milton Friedman and others' neo-Fisherian monetary economics. Rothbard not only criticized new publications; he also continued to edit his treatise, adding new references and making other changes. In 1962, despite professional and institutional obstacles, Man, Economy, and State was finally published. With it, Rothbard greatly advanced the Austrian tradition and firmly positioned himself as Mises's heir.

Murray Rothbard's project drastically changed in mid-1953. Unable to rely on Mises's sparse treatment of production theory, Rothbard adopted his old Marshallian approach, focusing on an individual firm that faced fixed prices and restricted investment decisions. But he soon recognized the pitfalls of Marshallian partial equilibrium and discarded it for Austrian general equilibrium, emphasizing the Böhm-Bawerkian capitalist-entrepreneur's ability to invest in multiple firms across the structure of production and influence market prices. In doing so, Rothbard finished the Böhm-Baverkian system by integrating the pure time preference theory of interest of Frank A. Fetter and Ludwig von Mises into the production structure analysis of Knut Wicksell and F. A. Hayek. This interrelatedness approach led Rothbard to differentiate between factor incomes, apply Mises's theory of the impossibility of socialist economic calculation to a vertically integrated firm, and expose the flaws of neoclassical monopoly and competition theory. With these theoretical breakthroughs, by 1955 Rothbard moved beyond his initial goal of “bringing to the surface and clarifying” his mentor's “edifice” to deducing the architectonic edifice of praxeological economic theory along the lines of Mises's “great book” suggestion.

Murray Rothbard's economic perspective changed significantly in 1949 when he met Ludwig von Mises and read his magnum opus, Human Action. With the financial support of the Volker Fund, Rothbard accepted Mises's offer to write a textbook rendition of his treatise. Early on, Rothbard evinced a thorough understanding of Mises's monetary transmission mechanism and praxeological method. This allowed him to further develop the theories of value and price formation the emerging neoclassical synthesis had neglected. In particular, Rothbard used the means-ends relationship to deduce the law of ordinal marginal utility rankings and contrasted it with modern theories of utility. He then showed how this law logically resulted in demand schedules that always sloped downward, which in turn led to a theory of pricing that explained the process of equilibration to the market clearing price. Finally, he extended his analysis to price formation in a monetary economy. In addition to exhibiting his own intellectual progress, Rothbard's developments significantly advanced economic science because Mises assumed these logical deductions but never actually derived them.

In this episode of Radio Rothbard, recorded live at Mises University 2026, Ryan sits down with Mark Thornton to talk through the economic trends fueling today's unrest.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

Is neoliberalism a real intellectual tradition or just an insult? Tho Bishop argues it is real and precise: a program for a regulated market economy running on technocratically managed, socialized money. He traces it from Henry Simons's 1934 "A Positive Program for Laissez-Faire" into the Mont Pelerin Society—where Mises watched enthusiasm for antitrust and credit expansion take root, and where the vacuum left by Hayek was filled by Chicago rather than by libertarians—and forward through Friedman's career to Greenspan and Bernanke. The Rothbardians, he concludes, have been the only sustained non-socialist opposition.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.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 of Radio Rothbard, recorded live at Mises University 2026, Ryan sits down with Mark Thornton to talk through the economic trends fueling today's unrest.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

Mark Thornton opens with an update on the “Stocks versus Manure” prediction contest, where agricultural stocks are beating the S&P 500 year to date. He then joins Maggie Lake on Wealthion to discuss gold, silver, mining stocks, Kevin Warsh, Fed policy, interest rates, the dollar, and why the long-term thesis for precious metals rests on debt, deficits, monetary inflation, and financial repression.On Side B, Thornton appears on NTD to discuss the rising appeal of democratic socialism among younger Americans. He argues that young voters are reacting to real burdens—debt, unaffordable education, healthcare, housing, and Social Security promises—but are being drawn toward policies that cannot solve them. Mark also explains why socialism fails in theory and practice, from the calculation problem to incentives, and why education is essential to reversing the trend.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

What do Austrians think of equilibrium? Jonathan Newman's answer is "always and never." Rather than treating equilibrium as an unreachable ideal against which real markets are judged failures—the trap Mises warned against—he walks through a realistic market process asking at each step what has been settled and what remains open. That yields several distinct equilibrium constructs: the plane state of rest that occurs after every single exchange (where markets always clear), the Wicksellian state of rest where competitors' prices converge, and the final state of rest that the economy forever tends toward but never reaches. The payload is a quiet demolition of "sticky price" and "sticky wage" reasoning—and with it, the Keynesian account of depressions.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.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. Wanjiru Njoya argues that private property is the indispensable cornerstone of liberty and civilization, and that anti-discrimination laws—however well-intentioned—are a form of aggression against property that nudges society along the continuum toward socialism. Drawing on Rothbard, Hoppe, and Mises, she defends property rights as absolute, carefully distinguishes political philosophy from personal morality, and warns that eroding property will, in Mises's words, cause civilization itself to perish.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.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.

There is no separate "economics of AI," Peter Klein argues, any more than there was an economics of the internet—there's just economics, applied to specific goods and services. He demystifies what today's models actually do (predict the next word), places them in a long history of "new economy" hype that never required new economic theory, and works through the industry with standard tools: subjective value, the theory of the firm, network effects, and the incumbents' lobbying for regulation to raise rivals' costs. He closes on the deeper question—whether an AI can act in Mises's sense—and argues it cannot: an AI exercises what he calls derived judgment, executing tasks on an entrepreneur's behalf, but it can never decide whether to be an entrepreneur at all.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.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 presents the book he and Joseph Salerno have written, Murray N. Rothbard: The Making of an Austrian Economist. He traces Rothbard's path from a Columbia PhD steeped in the neoclassical synthesis, through his 1949 encounter with Mises and Human Action, to the writing of Man, Economy, and State—a project that began as a beginner's textbook and grew into the treatise that stands beside Human Action at the core of the Austrian tradition. Along the way: Rothbard's neglected theory of production, his reconstruction of welfare economics, and Mises's own remarkable assessment of his heir.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.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.

Tate Fegley uses Joseph Salerno's work to draw out the fundamental differences between Mises and Hayek—on society, law, the family, and above all the calculation problem versus the knowledge problem—arguing that treating the two as interchangeable obscures the distinctly Misesian paradigm.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.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.

Per Bylund takes up Mises's claim that the entrepreneur-promoter cannot be defined praxeologically and argues the opposite—that the promoter can be pinned down as the actor who breaks the economy free from what Bylund calls the "specialization deadlock." Drawing on his own work, he shows how genuine innovation (not mere task-splitting or arbitrage) drives economic growth in spasmodic leaps, placing the promoter, and the firm as an "island of specialization," at the very core of the Misesian market process.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.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.

Game theory has Austrian roots—Oskar Morgenstern was Mises's doctoral student—but the way it's taught leads almost everywhere to the same conclusion: individuals left alone reach bad outcomes, so the state must intervene. Lucas Engelhardt argues the reasoning has a hole in it. Standard analysis treats the game as fixed, when real people are entrepreneurial: alert to opportunity, able to see a bad equilibrium coming and restructure the payoffs before it arrives. Working through the tragedy of the commons, public goods, tariffs, and Huerta de Soto's account of why bankers lobbied for a central bank, he offers a better question—not what should government impose, but how will entrepreneurs change the game, and if they haven't, what's stopping them?Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.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.

Wanjiru Njoya applies praxeology to debates about race and discrimination. She starts with Mises on polylogism—the doctrine, shared by Marxists and Nazis alike, that logic itself varies by class or race—and his insistence that reason is common to all human beings. From there she turns to causation: drawing on Nozick, Walter Williams, and Thomas Sowell, she argues that research claiming discrimination causes economic inequality establishes correlation at best, and that unequal outcomes call for no special explanation in the first place.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2026.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.

Economists have agreed on free trade for two centuries; the public and the politicians haven't caught up. Lucas Engelhardt rebuilds the case from scratch—mutual benefit, comparative advantage, and the simple point that drawing a border between two traders destroys none of the gains—then takes apart the arguments for tariffs one by one. Most timely is his treatment of trade deficits: following Mises, he shows a deficit isn't a "loss" but the natural result of Americans choosing goods over cash, and explains why "Liberation Day" tariffs actually made the deficit spike.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.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 revisits Mises's 1920 bombshell: under socialism, rational economic calculation isn't just hard—it's impossible. Without market prices for the means of production, a central planner is blind, unable to tell whether he's creating wealth or destroying it. Terrell traces the argument from Soviet railroads and steel-bodied fighter jets to a strikingly modern target: the U.S. government's central planning of the American West.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.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.

David Gordon lays out praxeology—the science of human action—and the deductive method that sets Austrian economics apart. With characteristic wit, he distinguishes valid arguments from sound ones, weighs Rothbard's "it's just self-evident" grounding of the action axiom against Mises's a priori approach, and shows why economic truths deduced by pure logic can still be genuinely surprising.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.

Jeffrey Herbener builds Austrian price theory from the ground up—starting with the single acting person weighing ends against means, and arriving at Mises's calculation argument. Value is purely subjective, he shows, so no producer can gauge whether he's serving consumers well by feeling alone. What makes economizing across a division of labor possible is money prices—and the profit-and-loss accounting they enable.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.

We've all heard of Thomas Paine and think of him as instrumental in the founding of this country, but did you know he may well have been the most critical man alive at the time in fostering and shaping American independence? And what did he get for his efforts and fortitude? Listen and learn as George Ford Smith adds something of real value on the one and only semiquincentennial of our once great country. Find George Ford Smith's work: ⁠⁠Mises.org profile⁠ Article Discussed: ⁠https://mises.org/mises-daily/thomas-paine-libertys-hated-torchbearer⁠ Exclusive Content and Ways to Support: Support me on Substack for ad-free content, bonus material, personal chatting and more!  ⁠⁠https://substack.com/@monicaperezshow⁠⁠ Become a PREMIUM SUBSCRIBER on Apple Podcasts for AD FREE episodes and exclusive content! True Hemp Science:  ⁠⁠https://truehempscience.com/⁠⁠ PROMO CODE: MONICA Find, Follow, Subscribe & Rate on your favorite podcasting platform AND for video and social & more... Website: ⁠⁠https://monicaperezshow.com/⁠⁠ Substack: ⁠⁠https://substack.com/@monicaperezshow⁠⁠ Rumble: ⁠⁠https://rumble.com/user/monicaperezshow⁠⁠ Youtube: ⁠⁠https://www.youtube.com/c/MonicaPerez⁠⁠ Twitter/X: @monicaperezshow Instagram: @monicaperezshow Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Thornton looks at the growing strength of democratic socialism inside the Democratic Party and asks whether the United States may be entering another era of major party realignment. Drawing on Rothbard's analysis of long-term ideological change, Mark explains how younger voters, burdened by debt, unaffordable housing, healthcare, and education, are understandably angry—but are turning toward policies that helped create the crisis. Mark also examines how war, inflation, government intervention, and broken political promises are reshaping both major parties.On Side B, Thornton joins the Liberty and Finance podcast to discuss monetary disorder, central bank digital currencies, programmable money, AI-driven surveillance, the war on cash, and the need for education and resistance against the next monetary reset.Additional Resources"Keith Knight's Top Ten Problems with Democratic Socialism" (Human Action Podcast) with Bob Murphy: https://mises.org/MI_186_A"How Democratic Socialists of America Has Developed Into a Movement Party" by David Duhalde: https://mises.org/MI_186_B"The Myth of Democratic Socialism" by Murray Rothbard: https://mises.org/MI_186_C"How Democratic Socialism Created California's Housing Crisis" by Chris Calton: https://mises.org/MI_186_D"Democratic Socialism IS Totalitarianism" by Bill Anderson: https://mises.org/MI_186_E"How to Fix the Economics of Healthcare" by Bob Murphy: https://mises.org/MI_186_F2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory. He also addresses whether free-market economies have a natural tendency toward price deflation under a commodity standard, why the stock-versus-flow distinction matters for understanding gold production and the price level, and how to distinguish "bad" policy-induced monetary deflation from the "good" price deflation that accompanies genuine productivity growth.Related:Patrick Newman, "The Depression of 1873-1879: An Austrian Perspective": Mises.org/HAP558aClarence Long, "The Course of Money Wages during 1860-1890": Mises.org/HAP558bBob's Understanding Money Mechanics: Mises.org/HAP558cBob's Article, "Hayek's Plan for Private Money": Mises.org/HAP558dThe Charts Shown in this Episode: Mises.org/HAP558e

Hans F. Sennholz, the translator, lays out Mises's target—the belief in a “third system” of a hampered market economy standing between capitalism and socialism—and why that middle way cannot hold.

Mises examines the doctrine of a “hampered” or regulated market as a distinct third system and answers Schmalenbach's thesis that free enterprise was giving way to a bound economy.

Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory. He also addresses whether free-market economies have a natural tendency toward price deflation under a commodity standard, why the stock-versus-flow distinction matters for understanding gold production and the price level, and how to distinguish "bad" policy-induced monetary deflation from the "good" price deflation that accompanies genuine productivity growth.Related:Patrick Newman, "The Depression of 1873-1879: An Austrian Perspective": Mises.org/HAP558aClarence Long, "The Course of Money Wages during 1860-1890": Mises.org/HAP558bBob's Understanding Money Mechanics: Mises.org/HAP558cBob's Article, "Hayek's Plan for Private Money": Mises.org/HAP558dThe Charts Shown in this Episode: Mises.org/HAP558e

In the wake of Alan Greenspan's recent passing, Bob revisits two contested claims about his legacy: did the Fed under Greenspan fuel the housing bubble, and did that bubble cause the 2008 financial crisis? Related:Bob's Article from October, 2007, "The Worst Recession in 25 years?": Mises.org/HAP557aPeter Schiff was Right (2006-2007 Edition): Mises.org/HAP557bMark Thornton, 2004, "Housing: Too Good to Be True": Mises.org/HAP557cBob's 2008 Article, "The Importance of Capital Theory": Mises.org/HAP557dThe Charts Shown in this Episode: Mises.org/HAP557e

We've all heard of Thomas Paine and think of him as instrumental in the founding of this country, but did you know he may well have been the most critical man alive at the time in fostering and shaping American independence? And what did he get for his efforts and fortitude? Listen and learn as George Ford Smith adds something of real value on the one and only semiquincentennial of our once great country. Find George Ford Smith's work: ⁠Mises.org profile Article Discussed: https://mises.org/mises-daily/thomas-paine-libertys-hated-torchbearer Exclusive Content and Ways to Support: Support me on Substack for ad-free content, bonus material, personal chatting and more!  ⁠https://substack.com/@monicaperezshow⁠ Become a PREMIUM SUBSCRIBER on Apple Podcasts for AD FREE episodes and exclusive content! True Hemp Science:  ⁠https://truehempscience.com/⁠ PROMO CODE: MONICA Find, Follow, Subscribe & Rate on your favorite podcasting platform AND for video and social & more... Website: ⁠https://monicaperezshow.com/⁠ Substack: ⁠https://substack.com/@monicaperezshow⁠ Rumble: ⁠https://rumble.com/user/monicaperezshow⁠ Youtube: ⁠https://www.youtube.com/c/MonicaPerez⁠ Twitter/X: @monicaperezshow Instagram: @monicaperezshow Learn more about your ad choices. Visit megaphone.fm/adchoices

8 Hours 52 MinutesNSFWThe 2025 episodes.DE's Telegram ChannelFundamental Principles PodcastCharles' Book - The Holistic Guide to SuicideJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

8 Hours 59 MinutesNSFWThis includes an episode not made public before.DE's Telegram ChannelJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

8 Hours 34 MinutesNSFWThis includes an episode not made public before.DE's Telegram ChannelFundamental Principles PodcastJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

4 Hours 7 MinutesNSFWThe 2026 episodes so far.DE's Telegram ChannelFundamental Principles PodcastCharles' Book - The Holistic Guide to SuicideJose's SubstackSubscribe to Jose's Newsletter10 Myths of Gun ControlJose's Mises.org PagePete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.