Podcasts about Mises Institute

Hayek's Warning We Ignored: Government Planning Doesn't Fix Economies Watch this video at- https://youtu.be/WxW7JRc414Y?si=KYnuRHH_Fst8VMHU John Stossel  and misesmedia 401,851 views Mar 24, 2026 Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. _ _ _ _ _ _ To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscrib... _ _ _ _ _ _ Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail. But today, socialism is popular again. New York and Seattle have elected socialist mayors. Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes. Keynes was revered. Politicians love his arguments. But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles. They were right. Ryan McMaken of the Mises Institute ‪@misesmedia explains why we should read Hayek and Mises today.   Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle! Watch this video at- https://youtu.be/d0nERTFo-Sk?si=ro3Ri4lyv4l8yqir Radical Discourse 8,838,188 views Jan 23, 2010 Subscribe to our channel:    / econstories   If you enjoyed this video, you should watch this one next:    • EconPop - The Economics of RoboCop   Produced by Emergent Order. Visit us at http://www.emergentorder.com. Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts. Explore more at http://EconStories.tv In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it. DOWNLOAD THE SONG in the highest quality possible here: https://itunes.apple.com/us/album/fea... Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site: http://www.billyandadam.com Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs.

Kinsella on Liberty Podcast: Episode 491. https://youtu.be/lfjpoKCWBDA I've known Paul Cwik, Professor of Economics and Finance at the University of Mount Olive and fellow of the Mises Institute since I started attending the Austrian Scholars Conference in 1995. He is an Austrian and libertarian of sorts but had some qualms with my anti-IP writing so presented a paper "Is There Room for Intellectual Property Rights in Austrian Economics?" at the Austrian Scholars Conference in 2008, which I attended and commented on. After 18 years we finally decided to get around to talking about this. I had planned on an hour but we ended up talking for 3. It turns out we were old friends but not that close; we didn't know much about each other. So the first 30-50 minutes or so is more preliminary discussion. To his credit, he read a good deal of the huge deluge of material I sent to read up on and asked many very good questions. He did not engage in intentional equivocation that is characteristic of many on the pro-IP side, and he was reasonable in conceding many of my points and was willing to ponder my push back. I was hoping to get him to see the light, since I have in person seen many people change their minds on IP after a long discussion but have never had it happen while recording. We did not resolve the issue, partly because we just didn't have enough time to keep going, but I think we made some progress. Maybe we will have a Part 2 later. Who knows. For now, some relevant links pertaining to some of the topics discussed. I will organize this better later. (Not to be confused with Bryan Cwik, who also has opinions on IP: “Good Ideas is Pretty Scarce”; Bryan Cwik, "Property Rights in Non‐rival Goods" (2, 3, 4); "Labor as the Basis for Intellectual Property Rights" (2; 3); Gamrot, Labor as the Basis for Intellectual Property Rights: Against Cwik.) IP Proponents Do Not Even Know The Difference Between Patent, Copyright, Trademark …  Types of Intellectual Property It is impossible to own ideas Intellectual Property Rights as Negative Servitudes The “Ontology” Mistake of Libertarian Creationists See the Appendix to What Libertarianism Is: section “Concept and Definition of “Property”” The Structural Unity of Real and Intellectual Property Gamrot, Labor as the Basis for Intellectual Property Rights: Against Cwik The “Ontology” Mistake of Libertarian Creationists Objectivists: “All Property is Intellectual Property” A Recurring Fallacy: “IP is a Purer Form of Property than Material Resources” New Working Paper: Machan on IP “Aggression” versus “Harm” in Libertarianism Kinsella v. Schulman on Logorights and IP The Nature, Properties, and Characteristics of Goods (Igloo Coolers case) Fraud, Restitution, and Retaliation: The Libertarian Approach Libertarian Answer Man: Bitcoin and Fraud KOL274 | Nobody Owns Bitcoin (PFS 2019) On Property Rights in Superabundant Bananas and Property Rights as Normative Support for Possession Libertarian Answer Man: Self-ownership for slaves and Crusoe; and Yiannopoulos on Accurate Analysis and the term “Property”; Mises distinguishing between juristic and economic categories of “ownership” There are No Good Arguments for Intellectual Property Defamation as a Type of Intellectual Property (and trademark) KOL207 | Patent, Copyright, and Trademark Are Not About Plagiarism, Theft, Fraud, or Contract KOL020 | “Libertarian Legal Theory: Property, Conflict, and Society: Lecture 3: Applications I: Legal Systems, Contract, Fraud” (Mises Academy, 2011) Copying vs. Plagiarism: A Recent Illustration—Grau vs. Hernandez on Milei Re the practice of attribution and credit: see Stephan Kinsella, “Mises, Rothbard, Hoppe: An Indispensable Framework,” in  Rothbard at 100: A Tribute and Assessment, Stephan Kinsella and Hans-Hermann Hoppe, eds. (Houston: Papinian Press and Property and Freedom Society, 2026), in the section “Excursus: The Role of Ideas in Human Action” “Copying, Patent Infringement, Copyright Infringement are not “Theft”, Stealing, Piracy, Plagiarism, Knocking Off, Ripping Off“ Intellectual Property Rights as Negative Servitudes Stop calling patent and copyright “property”; stop calling copying “theft” and “piracy” IP Proponents Do Not Even Know The Difference Between Patent, Copyright, Trademark …  Fraud: A Libertarian Theory of Contract: Title Transfer, Binding Promises, and Inalienability, Part III.E “The Title-Transfer Theory of Contract,” Part IV.C Labor and Leisure Rothbard on the Main Fallacy of our Time: Marx's Labor Theory of Value KOL037 | Locke's Big Mistake: How the Labor Theory of Property Ruined Political Theory “Hume on Intellectual Property and the Problematic “Labor” Metaphor” Cordato and Kirzner on Intellectual Property Labor, Value, Metaphors, Locke, Intellectual Property Concise Tweet on the Problem with IP Against Intellectual Property After Twenty Years: Looking Back and Looking Forward: Part IV.D: "Overreliance on “labor” metaphors also leads to confusion about IP. Locke correctly argued that the first person to “mix his labor with” an unowned resource owns it, since he thereby establishes an objective link to the resource which gives him a better claim to it than latecomers.[55] However, Locke based his argument on the confused and unnecessary idea that a person “owns” his labor and “therefore” owns resources that he mixes it with. But labor is not owned—it is an action, something a person performs with his body, which he does own—and this assumption is not needed for the Lockean labor-mixture argument to work.[56] This mistaken notion leads some people to favor IP because they figure that if you own a scarce resource because you mix your labor with it, you also own useful ideas that are produced with your labor. The related Smith-Ricardo-Marx labor theory of value, which underlies Marxism and socialism, is also sometimes used to support IP, as when people argue that if you work or labor, you “deserve” some kind of reward or profit. All this focus on labor must be rejected as overly metaphorical and confused, and, frankly, Marxian.[57]" On Libertarian Legal Theory, Self-Ownership and Drug Laws: p. 632 Libertarianism After Fifty Years: What Have We Learned?, p. 687 Creationism: Libertarian and Lockean Creationism: Creation As a Source of Wealth, not Property Right Libertarian Creationism KOL012 | “The Intellectual Property Quagmire, or, The Perils of Libertarian Creationism,” Austrian Scholars Conference 2008 KOL037 | Locke's Big Mistake: How the Labor Theory of Property Ruined Political Theory Part III.C.2 C. Contract and Fraud Arguments for IP Fraud and Plagiarism “Copying, Patent Infringement, Copyright Infringement are not “Theft”, Stealing, Piracy, Plagiarism, Knocking Off, Ripping Off“ IP by Contract I discuss problems with the contractual argument for IP in: Kinsella (2008, pp. 51–55) — Against Intellectual Property Kinsella, April 8, 2025. “KOL458 | Patent and Copyright versus Innovation, Competition, and Property Rights (APEE 2025).” Kinsella on Liberty Podcast. Link Kinsella, Law and Intellectual Property in a Stateless Society, Part III.C Against Intellectual Property After Twenty Years: Looking Back and Looking Forward, n.46 June 13, 2021. “Richard O. Hammer: Intellectual Property Rights Viewed As Contracts.” C4SIF Blog. https://c4sif.org/2021/06/richard-o-hammer-intellectual-property-rights-viewed-as-contracts/ 2023t, Stephan Kinsella on the Logic of Libertarianism and Why Intellectual Property Doesn't Exist, text at n.52 Jan. 8, 2025. “David Gordon on IP.” C4SIF Blog. https://c4sif.org/2025/01/david-gordon-on-ip/ See also Wendy McElroy's perceptive comments on this issue in Kinsella (March 19, 2013). “McElroy: ‘On the Subject of Intellectual Property' (1981).” C4SIF Blog. Link Bouckaert (1990, pp. 795 & 804–805). Bouckaert, Boudewijn (1990). “What is Property?” Harv. J. L. & Pub. Pol'y 13, no. 3: 775–816 (attached) Related Links Hoppe on Intellectual Property The Universal Principles of Liberty A Selection of my Best Articles and Speeches on IP Key Works The Problem with Intellectual Property (2025) “Intellectual Property and Libertarianism”, Mises Daily (Nov. 17, 2009). Concise case against IP. An Overview of Libertarian Property Rights and the Case Against IP (from KOL341) How To Think About Property “The Overwhelming Empirical Case Against Patent and Copyright” Other Recommended KOL483 | The Economics and Ethics of Intellectual Property, Loyola University—New Orleans (a very good recent overview) KOL 037 | Locke's Big Mistake: How the Labor Theory of Property Ruined Political Theory Shownotes/Topical Summary (Grok) Stephan Kinsella with Paul Cwik • 2 hours 56 minutes In this nearly 3-hour conversation, Stephan Kinsella and economist Paul Cwik explore their personal histories, shared libertarian and Austrian foundations, and engage in a detailed, respectful debate on intellectual property — particularly copyright. Kinsella lays out his principled case against IP while Cwik defends copyright (but rejects patents). Timestamps & Detailed Summary 0:02 – Introduction and Casual Catch-Up Kinsella and Cwik greet each other and set the stage. Cwik explains he has wanted to discuss IP with Kinsella for years because their views differ. He notes he has persuaded people in person on IP and hopes to document the conversation. They acknowledge this is not a typical Kinsella podcast. 1:38 – How Long Have They Known Each Other? They reminisce about Mises Institute events. Kinsella's first was in 1990; Cwik started attending in 1995. They recall the Austrian Scholars Conferences and the tight-knit Austrian community at Auburn in the 1990s. ...

Interview recorded - 3rd of June, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming on Dr Mark Thornton. Dr Mark Thornton is a Senior Fellow at the Mises Institute and a leading voice of the Austrian School of economics, author of The Skyscraper Curse. He is one of the few economists to have warned about the housing bubble well before 2008.During our conversation we spoke about his current view on the economy, Austrian Economic Theory, the FED's betrayal, what would fix the current situation, which assets to perform and more. I hope you enjoy!0:00 - Introduction2:06 - Current view of economy6:22 - Austrian Economic Theory11:50 - Wages going up?16:11 - Recent inflation23:00 - Kevin Warsh balance sheet28:36 - Solution35:30 - Which assets to perform?42:40 - One message to takeawayMark Thornton is a Senior Fellow at the Mises Institute, and was the Peterson-Luddy Chair in Austrian Economics from 2021-2023. He hosts two podcasts, Minor Issues and Unanimity, and serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), The Bastiat Reader (2014), and The Skyscraper Curse and How Austrian Economists Predicted Every Major Crisis of the Last Century (2018). [high-res photo]Dr. Thornton served as the editor of the Austrian Economics Newsletter and was a member of the Editorial Board of the Journal of Libertarian Studies and several other academic journals. He has served as a member of the graduate faculties of Auburn University and Columbus State University. He has also taught economics at Auburn University at Montgomery and Trinity University in Texas. Mark served as Assistant Superintendent of Banking and economic adviser to Governor Fob James of Alabama (1997-1999), and he was awarded the University Research Award at Columbus State University in 2002. He is a graduate of St. Bonaventure University and received his PhD in economics from Auburn University. In 2014, he debated in opposition to the “War on Drugs” at Oxford Union.Dr. Thornton has been featured in American Spectator, Barron's, Bloomberg, Christian Science Monitor, The Economist, Forbes, Investors' Business Daily, Le Monde, New York Post, New York Times, USA Today, Wall Street Journal, Economic Times (India), Financial Times (Norway), and Tejarat-e-Farda (Iran). He has also had regular multiple appearances on Russia Today and Press TVHis editorials and interviews have appeared in the following leading regional newspapers: Apple Daily (Hong Kong), Atlanta Constitution, Birmingham News, Business Alabama, Chicago Sun-Times, Houston Chronicle, Mobile Press Register, Minneapolis-St. Paul Star Tribune, Montgomery Advertiser, New York Post, Orange County Register, Richmond Times Dispatch, Tampa Tribune, and the Washington TimesHis commentary appears regularly in the Mises Daily and the Mises Wire. He also appears regularly on Boom-Bust, RT, Butler on Business, Tom Woods Show, Thom Hartmann Show, Scott Horton Show, Press TV and Freedom Works.Dr Mark Thornton - Misses Institute - https://mises.org/X - https://x.com/DrMarkThorntonWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Ltc. (ret.) Karen Kwiatkowski discusses the controversial legislative section within the NDAA that would deeply integrate the Israeli military into the American defense acquisition and tech sectors. Kwiatkowski criticizes this as a method to fund foreign military interests without public debate while also warning about the erosion of free speech and the rise of the surveillance state. She examines the shifting dynamics of global power (e.g. Iran, Ukraine), arguing that the U.S. is in a period of imperial decline characterized by a hollowed-out economy and failing proxy wars. Additional topics include the dystopian future of robotic warfare and the use of AI for population control, yet she remains hopeful in the potential for resistance against state overreach.  Watch on BitChute / Brighteon / Rumble / Substack / YouTube *Support Geopolitics & Empire! Become a Member https://geopoliticsandempire.substack.com Donate https://geopoliticsandempire.com/donations Consult https://geopoliticsandempire.com/consultation **Listen Ad-Free for $4.99 a Month or $49.99 a Year! Apple Subscriptions https://podcasts.apple.com/us/podcast/geopolitics-empire/id1003465597 Supercast https://geopoliticsandempire.supercast.com ***Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopolitics American Gold Exchange https://www.amergold.com/geopolitics Escape The Technocracy (15% off w/ GEOPOLITICS!) https://escapethetechnocracy.com/geopolitics Expat Money (FREE “Plan B” Report!) https://expatmoney.com/geopolitics PassVult https://passvult.com Sociatates Civis https://societates-civis.com StartMail https://www.startmail.com/partner/?ref=ngu4nzr Wise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Websites Substack https://karenkwiatkowski.substack.com X https://x.com/karen4the6th Lew Rockwell https://www.lewrockwell.com/author/karen-kwiatkowski Sam Adams https://samadamsaward.ch/karen-kwiatkowski Eisenhower Media Network https://eisenhowermedianetwork.org/staff/karen-kwiatkowski About Karen Kwiatkowski Karen Kwiatkowski, Ph.D., a retired USAF lieutenant colonel, farmer and aspiring anarcho-capitalist. She was a whistleblower prior to the second Iraq war in 2002, ran for Congress in Virginia’s 6th district in 2012, received the Sam Adams Associates for Integrity in Intelligence Award in 2018, is a Fellow at the Eisenhower Media Network, and an Associated Scholar of the Mises Institute. She also writes at karenkwiatkowski.substack.com. *Podcast intro music used with permission is from the song “The Queens Jig” by the fantastic “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Politicians say they can “fix” the economy.But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems.Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail.But today, socialism is popular again. New York and Seattle have elected socialist mayors.Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes.Keynes was revered. Politicians love his arguments.But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles.They were right.In this podcast, Ryan McMaken of the Mises Institute explains why we should read Hayek and Mises today.

Kinsella on Liberty Podcast: Episode 490. This is my interview by Cody Cook (@CantusFirmusCC) of the Libertarian Christian Institute (@LCIOfficial), whose show I've been on previously, (( KOL388 | Cantus Firmus with Cody Cook: Against Intellectual Property. )) and whose book, Faith Seeking Freedom: Libertarian Christian Answers to Tough Questions, I endorsed, to discuss my recent book Rothbard at 100: A Tribute and Assessment (2026). Episode: Rothbard at 100: Why His Ideas Still Matter, with Stephan Kinsella (May 22, 2026 (recorded May 5, 2026)). Cody was an excellent interviewer, which is one reason I think this was one of my most comfortable and relaxed performances ever. https://youtu.be/VrxyNvzTonE?si=YWammoXzdzEmFfJo From his longer article Rothbard at 100: Why His Ideas Still Matter, with Stephan Kinsella (May 22, 2026): *** If he hadn't passed away in 1995, Murray Rothbard would have turned one hundred this year. Why do his ideas still endure, inspire, and provoke? The answer isn't nostalgia. It's that Rothbard's ideas continue to shape libertarian thought, economics, and the case for a free society in ways few thinkers ever have. His influence is visible in the modern liberty movement, in the resurgence of Austrian economics, and in the ongoing debates about property, the state, and intellectual freedom. Stephan Kinsella (@NSKinsella), co-editor of the new book Rothbard at 100, joins Cody Cook to explain why Rothbard's legacy endures. The episode argues that Rothbard still matters because he built a framework that remains indispensable for understanding political economy, human action, and the moral limits of state power. The Case for Rothbard: Ten Reasons Why Rothbard Still Matters 1. Rothbard helped define the modern libertarian movement Rothbard stands at the foundation of the post‑war libertarian tradition, synthesizing Austrian economics, natural rights theory, and radical anti‑statism into a coherent worldview. The episode argues that without him, the movement would lack its intellectual backbone. This is one of the core reasons Rothbard still matters: he built the architecture others now inhabit. 2. He systematized libertarianism into a full philosophy Where earlier thinkers offered fragments, Rothbard produced treatises. Man, Economy, and State, Power and Market, and The Ethics of Liberty form a unified system of economics, ethics, and political theory. That system continues to anchor libertarian scholarship. 3. Rothbard advanced Austrian economics beyond Mises Rothbard didn't merely popularize Mises; he extended him. His corrections to monopoly theory and his insistence that state‑created privilege—not market structure—is the real source of monopoly remain central to Austrian analysis. This refinement is one of the reasons Rothbard still matters for anyone studying markets and state intervention. 4. He embraced radical conclusions others avoided Rothbard took the logic of liberty to its endpoint: anarcho‑capitalism. Even those who reject that conclusion must grapple with his arguments. His willingness to follow principles to their logical end continues to challenge libertarians who prefer half‑measures. 5. His contract theory remains groundbreaking Kinsella argues that Rothbard's “title‑transfer theory of contract,” is one of his most overlooked achievements. It reframes contracts not as promises but as transfers of property titles. This innovation still shapes libertarian legal theory and is a key reason Rothbard still matters in debates about consent, obligation, and ownership. 6. Rothbard influenced the thinkers who influence us Hans‑Hermann Hoppe, one of the most important living libertarian theorists, was one of Rothbard's closest students. The intellectual lineage from Mises → Rothbard → Hoppe forms a framework Kinsella calls “indispensable.” Understanding that lineage is essential for understanding today's liberty movement. 7. He built institutions that still shape the movement Rothbard helped launch the Mises Institute and mentored scholars who now lead major libertarian organizations. His institutional legacy ensures that his ideas continue to shape research, education, and activism. 8. Rothbard's historical works remain unmatched Conceived in Liberty and his Austrian Perspective on the History of Economic Thought demonstrate a breadth few libertarian thinkers have matched. His historical method—tracing ideas, incentives, and power—still informs how libertarians analyze political development. 9. His mistakes sharpened later libertarian theory The episode doesn't hide Rothbard's errors, especially on intellectual property. Kinsella argues that Rothbard's missteps helped clarify why scarcity, not creation, grounds property rights. Even his mistakes are reasons Rothbard still matters, because they pushed the theory forward. 10. Rothbard's work remains accessible and alive The new Rothbard at 100 Festschrift—featuring scholars who knew him and those shaped by him—shows that his ideas continue to inspire serious scholarship. The fact that this book exists is itself a reason Rothbard still matters: his intellectual world is still expanding. Conclusion Rothbard still matters because he built something durable. His synthesis of Austrian economics, natural rights, and radical anti‑statism remains the most coherent framework for understanding liberty. The episode argues that his influence is not a relic but a living force shaping how libertarians think about property, the state, and human action. Kinsella's case is that Rothbard's work forms part of an indispensable triad with Mises and Hoppe. That framework continues to guide scholars, pastors, activists, and anyone seeking a principled defense of a free society. The reasons Rothbard still matters are not sentimental—they are structural. His ideas continue to do real work in the world.   Additional Resources From the Libertarian Christian Podcast “We Don't Need No Stinkin' Intellectual Property” — Kinsella's earlier appearance on LCP discussing why IP conflicts with libertarian principles. “Faith Seeking Freedom (2nd Edition)” — Mentioned in the episode; LCI's expanded guide to Christian libertarianism. External Reads Rothbard at 100 — The Property and Freedom Society's tribute to Murray Rothbard, edited by Stephan Kinsella and Hans-Hermann Hoppe. Murray Rothbard, The Ethics of Liberty — Rothbard's core moral and political treatise; foundational for natural‑rights libertarianism. Murray Rothbard, Man, Economy, and State — His major economic work, extending Misesian praxeology. Hans‑Hermann Hoppe, A Theory of Socialism and Capitalism — Represents the next step in the Mises‑Rothbard‑Hoppe lineage. Stephan Kinsella, Legal Foundations of a Free Society — Kinsella's own contribution, heavily influenced by Rothbard and discussed in the episode. Stephan Kinsella, Against Intellectual Property — Kinsella's robust and persuasive argumentation for abandoning the notion of intellectual property.

"The peso scam is around a thousand times larger than the Libra scam, and its victims are the poorest, about 95% of Argentines." ~ Saifedean Ammous Javier Milei swore he'd burn down Argentina's central bank and dollarize the economy. Two and a half years later, the money supply has quadrupled, the debt has ballooned, and a quarter-trillion-dollar carry trade is hollowing out the nation. Is the self-proclaimed Rothbardian actually running one of the most inflationary presidencies in Argentine history? And what does it mean for Austrian economics when its loudest political champion looks more like just another Latin American demagogue? Check out the original article: Milei's Austrian Scam by the Numbers by Saifedean Ammous (Link: https://x.com/saifedean/status/2056436088944631996) References from the episode Safedean's previous piece on the Argentine carry trade (Link: https://saifedean.substack.com/p/anatomy-of-the-milei-ponzi) Hans-Hermann Hoppe's work, since the Mises Institute apparently parted ways with him (Link: https://hanshoppe.com/) Anything by Murray N. Rothbard if you want the real Austrian foundation (Link: https://mises.org/profile/murray-n-rothbard) The story of Cincinnatus if you've never read it, it's worth your time Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome partners! Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://shop.bitbox.swiss/?code=GUY) Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) “Frodo: I wish the Ring had never come to me. I wish none of this had happened. Gandalf: So do all who live to see such times, but that is not for them to decide. All we have to decide is what to do with the time that is given to us.” ~ J.R.R. Tolkien, The Lord of the Rings

Mark Edge & Sal the Agorist on Free Talk Live A weekly deep-dive into crypto, privacy, and practical freedom. This episode features Stefan Kinsella on the stunning split between Hans-Hermann Hoppe and the Mises Institute; Tux from Cake Wallet on Lightning Network, Silent Payments, and the new Cupcake hardware wallet feature; plus discussions on the Hoppe-Milei controversy, tax resistance, Freedom Dollar vs. Tether, and why privacy coins are the future. Ways to live freer — every Wednesday at 7 PM on X @SallyMayweather.

Mark Edge & Sal the Agorist on Free Talk Live A weekly deep-dive into crypto, privacy, and practical freedom. This episode features Stefan Kinsella on the stunning split between Hans-Hermann Hoppe and the Mises Institute; Tux from Cake Wallet on Lightning Network, Silent Payments, and the new Cupcake hardware wallet feature; plus discussions on the Hoppe-Milei controversy, tax resistance, Freedom Dollar vs. Tether, and why privacy coins are the future. Ways to live freer — every Wednesday at 7 PM on X @SallyMayweather.Become a supporter of this podcast: https://www.spreaker.com/podcast/heartland-newsfeed-radio-network--2904397/support.

On this episode of The Two Mikes, Dr. Michael Scheuer and Col. Mike are joined by Professor Murray Sabrin of the Mises Institute to expose how America's exploding national debt, corrupt congressional priorities, Federal Reserve money-printing, and decades of government economic intervention have sabotaged the free market and crushed working Americans. Sabrin argues that real prosperity begins when Washington stops manipulating prices, ends its addiction to debt, and lets supply, demand, and economic reality replace the failed interventionist schemes that have dominated U.S. policy since the New Deal.SPONSOR My Gold Guy - https://mygoldguy.com/twomikeshttps://twomikes.us

Stelios interviews Ryan McMaken, chief editor at the Mises Institute, about libertarianism and political power, the economic myths of statism, and Trump's handling of the economy.

Kinsella on Liberty Podcast: Episode 488. Audio version of Stephan Kinsella, “My Years with the Mises Institute,” Property and Freedom Journal (May 2, 2026). Audio prepared with AI by Jorge Besada. Related: Hans-Hermann Hoppe, “Mises Institute: Quo Vadis?: Postscript,” Property and Freedom Journal (April 17, 2026) Hans-Hermann Hoppe, “Mises Institute: Quo Vadis?”, Property and Freedom Journal (March 25, 2026) https://youtu.be/Vm9iTvbDExo From the article: Introduction Hans Hoppe recently published “Mises Institute: Quo Vadis?”, which contains various criticisms of the Mises Institute (MI) as it is currently organized.1 He has since been removed as Distinguished Senior Fellow by MI.2 I fully support Hans and do not disagree with anything he wrote.3 Here I would like to mention my own experience with MI, with which I have been associated, on and off, for over thirty years, since 1994. I have discussed some of this history previously,4 but as my experience has certain parallels to that of Hans I will go into more detail here than I have in the past. Despite my critical remarks here I, too, share Hans's admiration for Lew Rockwell (discussed below) and what he achieved with the Mises Institute. I love the mission of the MI and the role it has played for the last 44 years. It is due to my concern over the decline of MI, and its treatment of Hans, that I publish these remarks. Pursuit of liberty is always a quest for truth. But truth is fragile and seems easily cast aside by those with more base motives. With that in mind, I offer some of my own thoughts on these matters—entreating the reader to judge the reasonableness of my position (and that of Hoppe). Read more>>

Today on The Two Mikes, we were joined by Professor Murray Sabrin, who is senior member of the splendid Mises Institute. Professor Sabrin explained that as the nation's debt drift's ever closer to $40 trillion, both houses of Congress continue to be heavily controlled by their own eagerness to take bribes from entities like Big Pharma and AIPAC. As the Congress deliberately fails to protect and strengthen the operations of the Free Market. Indeed, the reach of this problem goes far beyond the Congress, as the federal and state bureaucracies and many of the Academy's economics professors and departments are fully dedicated to promoting and justifying government intervention in the U.S. economy. Since the New Deal, this economic interventionism has distorted the Free Market has been just as successful as each president since Roosevelt's has sought and failed to prove that overseas military intervention should be the core of U.S. foreign Policy. Both of these tacks have been notorious and utterly predictable failures since 1945. The ongoing disaster of economic interventionism by the federal government, however, can be easily halted. Professor Sabrin explained, for example, that by simply allowing the factors of supply and demand to determine the right prices would very quickly eliminate the need for the federal government's economic interventionism which, in turn, is the engine for driving prices higher, as well as increasing the national debt. Sadly, for more than half century such a hands- off policy has been anathema to the federal government and its seemingly unstoppable printing presses at the Federal Reserve. In 2026, it seems evident to even those with only high-school education in economic realities, as well as those blue-collar workers struggling to make ends meet, must know one thing for sure; namely, that printing billions of new dollars whenever it strikes the Fed's fancy will never, ever produce prosperity and economic security for the America's working class. SPONSORS Our Gold Guy: https://www.mygoldguy.com www.TwoMikes.us

Your host, Stijn Schmitz welcomes back Dr. Mark Thornton to the show. Dr. Mark Thornton is Economist and Senior Fellow at the Mises Institute. This discussion centers on global economic disruptions, particularly in commodity markets and energy sectors, stemming from geopolitical tensions in the Middle East. Dr. Thornton highlights the significant impact of potential oil and gas supply disruptions, estimating that 15-20% of global supply might be affected. Timestamps: 00:00:00 – Introduction 00:01:05 – Global Economy Uncertainty 00:04:10 – Middle East Disruption Impact 00:04:57 – Stock Market vs Oil Discrepancy 00:06:52 – Supply Chain Byproducts Effects 00:11:13 – Oil Cutoff Long-term Consequences 00:14:33 – Global Pain Points Analysis 00:22:38 – Reshoring vs Free Trade 00:31:26 – Natural Gas Opportunities North America 00:39:08 – Unleashing US Resource Potential 00:43:43 – Petrodollar System Cracks 00:50:25 – Gold Settlement Currency Role 00:56:03 – Gold & Fiat Currencies 01:02:42 – Concluding Thoughts Guest Links: Website: https://mises.org X: https://x.com/DrMarkThornton E-Mail: mailto:mthornton@mises.org YouTube: https://www.youtube.com/results?search_query=mark+thornton+minor+issues Book-Hayek: https://mises.org/library/book/hayek-21st-century-essays-political-economy Dr. Mark Thornton is a Senior Fellow at the Mises Institute and formerly held the Peterson-Luddy Chair in Austrian Economics. He hosts the podcasts Minor Issues and Unanimity and is Book Review Editor of the Quarterly Journal of Austrian Economics. His books include The Economics of Prohibition, Tariffs, Blockades, and Inflation, The Bastiat Collection, and The Skyscraper Curse. He has served on multiple editorial boards, taught economics at several universities, and worked as Assistant Superintendent of Banking and adviser to Alabama Governor Fob James. He holds degrees from St. Bonaventure University and Auburn University and has debated the “War on Drugs” at the Oxford Union. Dr. Thornton has been featured in major outlets such as The Economist, Forbes, New York Times, Wall Street Journal, and USA Today, along with numerous international and regional newspapers. His commentary appears regularly on the Mises Institute's platforms and on programs such as Boom-Bust, the Tom Woods Show, and the Scott Horton Show.

Ryan McMaken, Jonathan Newman, and Joshua Mawhorter of the Mises Institute take a look at the politics of "fedspeak" and what officials at the Federal Reserve really mean when they say they're going to fix the Fed.Related:Jonathan's Article, "A Look Behind the Fed's Curtains": Mises.org/PM43aNYT, "How Kevin Warsh Could Shrink the Fed's Footprint in Financial Markets": Mises.org/PM43b

Thank you so much for listening to the Bob Harden Show, celebrating nearly 15 years broadcasting on the internet. On Wednesday's show, we visit with Cato Institute Chairman Emeritus Bob Levy about the legal tension that exists between the right to non-discrimination and the right to free speech. We visit with Murray Sabrin, Associated Scholar with the Mises Institute about the mission of the Mises Institute and about achieving financial independence in America. We visit with Landmark Legal Foundation Vice President Michael O'Neill about Saturday's assassination attempt on President Trump, and we discuss the reasons for the indictment of the Southern Poverty Legal Center. Please join us tomorrow when we visit with COO Ryan Kennedy from the Florida Citizen's Alliance, Michael Cannon from Cato Institute, Senior Economist from the Competitive Enterprise Institute Ryan Young, and Executive Director of The Arlington of Naples Christy Skinner. Access this and past shows at your convenience on my web site, social media platforms or podcast platforms.

Bob sits down with macro researcher Luke Gromen of Forest for the Trees to discuss the cascading supply chain consequences of a closed Strait of Hormuz. They also touch on why gold is already supplanting the dollar as the world's premier reserve asset, and what the surge in U.S. gold exports over the past five months tells us about where the global monetary order is heading.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist, returns to the show to deliver a sweeping macro warning rooted in Austrian business cycle theory. After 16 years of Fed-fueled boom, he argues we are somewhere in the middle of a cycle that ends in crisis. He unpacks the Cantillon Effect and its direct link to the K-shaped economy, explains why gold is both a canary in the coal mine and a personal financial fire extinguisher, and makes the case that the petrodollar is unraveling in real time — pushing us further down what he calls "the highway to hyperinflation." Despite the dark outlook, Dr. Thornton closes with genuine optimism: Austrian economics is experiencing a rebirth, and the bottom-up solutions it champions are resonating louder than ever.LinksX: https://x.com/DrMarkThorntonFree Hayek book: https://store.mises.org/Hayek-for-the-21st-Century-P11367.aspxMises Institute: https://mises.org/profile/mark-thorntonTimestamps: 0:00 Intro and welcome Dr. Mark Thornton 1:24 – 16 years of boom: What the Fed has really been doing 3:45 – The K-shaped economy and who's actually winning 6:32 – Where are we in the cycle? Signposts that worry him most 8:17 – Private equity, private credit & "sequestered capital" 10:20 – How Dr. Thornton discovered Austrian economics 7:57 – The Cantillon Effect explained: Who gets new money first 20:48 – The Skyscraper Index: Record buildings predict crises 23:25 – Bubbles, billionaires & trillion-dollar fortunes 25:23 – Federal Reserve outlook: Rate cuts off the table? 27:15 – Kevin Warsh, the Fed's "real mandate" & what they won't admit29:40 – Gold, silver & oil: What precious metals are telling us now 31:30 – Gold as a "canary in the coal mine" AND a "fire extinguisher" 37:02 – Are gold and silver going much higher from here? 38:24 – Why record stock markets are actually dangerous 40:45 – The highway to hyperinflation: Has anything changed? 44:46 – The end of the petrodollar and US reserve currency status 47:16 – BRICS, crypto & the unraveling of dollar dominance 49:39 – The Middle East war's hidden impact on food, fertilizer & global supply chains 53:46 – Where to find the Mises Institute & parting thoughts

Peter St Onge is an economist and former MBA professor holding positions at the Heritage Foundation, the Mises Institute, and the Montreal Economic Institute. In this conversation, we discuss what the Strait of Hormuz blockade means for different countries, the parallels between today and the 1930s, why AI will raise wages rather than destroy jobs, how central banks function as a permanent bailout mechanism for reckless banking, how to protect yourself during this chaos, and why free speech determines whether the West survives what is coming.→ Please like, comment, share & follow — to help me beat the suppressing algo's. Thank you!– SPONSORS –→ Join me at Camp Nakamoto, a family-friendly Bitcoin retreat on a private island, June 18–21. Code EFRAT gives you 15% off: https://campnakamoto.com → Access liquidity without selling your Bitcoin with Ledn — learn more at https://ledn.io/Efrat    → Get your TREZOR wallet & accessories, with a 5% discount, using my code at checkout (get my discount code from the episode - yep, you'll have to watch it): https://affil.trezor.io/SHUn→ Have you tried mining bitcoin? Stack sats directly to your wallet while saving on taxes with Abundant Mines: https://AbundantMines.com/Efrat - Claim your free month of hosting via this link– AFFILIATES –→ Join me in these upcoming events & use code EFRAT for discounted tickets: https://www.efrat.blog/p/upcoming-events→ Get 10% off on Augmented NAC to detox Spike protein, with the code YCXKQDK2 via this link: https://store.augmentednac.com/?via=efrat (Note, this is not medical advice, please consult your MD)→ Join me at Europe's largest bitcoin conference - BTC Prague, June 11-13, 2026. Code EFRAT for 10% off: http://btcprg.me/EFRAT→ Be good to your eyes & health, and get the Daylight tablet - a healthier, more human-friendly computer, zero blue light & flicker. Use code EFRAT for $25 off: https://bit.ly/Efrat_daylight → Get a second citizenship and a plan B to relocate to another country with Expat Money, leave your details for a follow up: https://expatmoney.com/efrat→ Watch “New Totalitarian Order” conference with Prof. Mattias Desmet & Efrat - code EFRAT for 10% off: https://efenigson.gumroad.com/l/desmet_efrat– LINKS –Peter on X: https://x.com/profstonge Peter on Substack: https://www.profstonge.com/ Efrat's X: https://twitter.com/efenigsonEfrat's Channels: https://linktr.ee/efenigsonWatch on all platforms: https://linktr.ee/yourethevoiceSupport Efrat's work: ⁠https://bit.ly/zap_efrat– CHAPTERS – 00:00 - Coming Up...01:22 - Introduction: Peter St Onge04:49 - Strait of Hormuz: What the Middle East War Means for You18:17 - Ad-Break: Camp Nakamoto, Ledn & Trezor21:11 - Historical Parallels: The 1930s, Resource Wars and the WWII Rhyme23:40 - Peter's Take on Trump: Economics, Wars & Free Speech27:55 - Why AI Will Raise Wages & Improve Economy39:04 - Ad-Break: Abundant Mines & New Totalitarian Order41:26 - The WEF's UBI Trap & Why AI Doom Is Propaganda47:11 - How Should You Protect Yourself Now00:52:12 - Community Q&A: Bitcoin, Bank Bail-ins, Stablecoins01:01:30 - Shirts, Content Creation and Just Showing Up01:07:18 - Technocracy, Surveillance & the Free Speech Battle01:18:02 - What Gives Peter Hope01:22:52 - Where to Follow Peter St Onge

Kinsella on Liberty Podcast: Episode 486. https://youtu.be/olnDr8mDjlQ?si=mmoYBJWM_8yzmd1t This is my appearance on the Mark Edge show. Shownotes: Mark Edge invites libertarian legal theorist and retired patent attorney Stephan Kinsella to unpack the stunning April 1st memo from the Mises Institute announcing that Hans-Hermann Hoppe — their longtime Distinguished Senior Fellow and arguably the most important living Rothbardian — is no longer affiliated with the Institute. Kinsella walks through the backstory: his own 2013 resignation, the recent departures of three Mises presidents, a private memo Hoppe and Guido Hülsmann sent the board over governance issues, tensions surrounding Javier Milei, and the "Quo Vadis" essay that preceded Hoppe's termination. Kinsella also previews the new book he and Hoppe co-edited celebrating Murray Rothbard's 100th birthday, the upcoming Rothbard celebration in Porto, Portugal (June 27), and the Property and Freedom Society meeting in September. Related: Hoppe Removed as Mises Institute Senior Distinguished Fellow Hoppe, “Mises Institute: Quo Vadis?,” Property and Freedom Journal (March 25, 2026) Hoppe: Mises Institute: Quo Vadis: Postscript

Can libertarians win meaningful victories for liberty in our lifetime? Jacob Huebert, revisiting his 2011 Mises Circle presentation "Is There Hope for Liberty in Our Lifetime?", delivers a clear verdict: not through the paths most people chase. Electoral politics poisons principles and delivers more statism, grassroots populism like the Tea Party is less interested in freedom than its proponents suggest, and it fizzles without real change, and pushing for freedom in the courts can offer beneficial but limited results. Yet hope exists through quieter, surer means—the remnant strategy of personal improvement and idea-spreading leads to incremental gains in personal and societal freedom. For Christians committed to a free society, this conversation offers a principled alternative to short-term political fixes: focus on becoming the change, draw the receptive, and trust ideas to bear fruit when crises demand them.Huebert's update shows why libertarians should reject the lesser-evil trap and embrace long-term fidelity to individual rights and sound economics. The episode argues that true progress comes not from capturing power but from changing minds among those who think independently.Who Jacob Huebert Is and Why His Perspective MattersJacob Huebert serves as senior litigation counsel at the New Civil Liberties Alliance, which fights administrative state overreach—most notably contributing to the Supreme Court case that overturned Chevron deference. As a Mises Institute associated scholar and author of Libertarianism Today, Huebert brings a rare combination: deep theoretical grounding in Austrian economics and libertarian philosophy, plus practical courtroom wins for liberty. His 2011 talk captured pessimism amid Ron Paul and Tea Party optimism; now, with hindsight including Trump-era disappointments and recent freedom trends, he sharpens the case for why libertarians win by refusing to play the conventional political game.Why Electoral Politics Cannot Deliver LibertyElectoral politics consistently fails libertarians because it rewards compromise, short-term thinking, and team loyalty over principle. The Tea Party promised anti-federal backlash but delivered standard Republicans with mild rhetoric—not radical reduction in government size or scope. Polls showed less than half of Tea Partiers even angry at federal power, and mainstream exploiters quickly co-opted it. Fifteen years later, the pattern repeats: libertarians who backed Trump as the "lesser evil" against perceived leftist threats rationalized away his statist actions, accelerating government growth instead of reversing it. Even bright spots like Javier Milei prove exceptions, not the rule—politics attracts few consistent principled voices like Ron Paul or Thomas Massie, who remain isolated outliers rather than catalysts for systemic change.Grassroots Populism Lacks the Clarity for Lasting FreedomMovements like the Tea Party or MAGA surge on unfocused rage against elites but lack a coherent vision of a freer society. They attract liberty-curious people yet funnel them toward conventional Republican figures who preserve the status quo. True liberty requires rejecting collectivism—whether left-wing central planning or right-wing racial or national collectivism that creeps in among some libertarian-adjacent circles. Populism exploits frustration without building the intellectual foundation needed for real reform, leaving participants more prone to statism when the pendulum swings.Courts Offer Discrete Wins—but Are Not the Whole SolutionLegal activism through groups like NCLA yields tangible liberty expansions where public opinion already leans that way. Overturning Chevron constrained unelected bureaucrats, Heller affirmed individual gun rights nationwide, and other rulings erode old censorship norms. These victories matter because they protect rights concretely and shift cultural recognition of those rights. Yet courts cannot impose libertarian limits against majority will or entrenched political demands for spending and intervention—the Constitution itself permits far more than a free society demands. Sustainable freedom requires a critical mass of people who understand government action as immoral when private actors would face condemnation.The Remnant Approach: The One Reliable Path to Advance LibertyAlbert Jay Nock's "Isaiah's Job" provides the blueprint libertarians need: stop chasing mass conversion and focus on improving yourself—deepening knowledge of morality, economics, and liberty. This draws the "remnant"—independent thinkers scattered everywhere who sense the status quo's failures and seek better answers. They approach receptive, not resistant, because they ask first. When crises expose statism's bankruptcy (as in Argentina's turn toward Austrian ideas), prepared remnant ideas stand ready. Christians especially grasp this: faithfulness to truth persists even without immediate societal transformation, much like discipleship amid an unremade world.Practical Ways to Increase Liberty NowThe remnant strategy works in daily life through personal choices that expand freedom despite the state. Homeschooling exploded post-COVID because remnant families had already built alternatives—curricula, networks, conviction—ready when government schools faltered. Moving to freer jurisdictions (states, countries), minimizing taxes legally, starting businesses in low-regulation areas, and making trade-offs (e.g., Switzerland's high freedom with grocery shopping across the border, or prioritizing family proximity) let individuals thrive. These steps reject the false binary of total liberty or misery, embracing pragmatism while holding moral absolutism on aggression and intervention.Positive Trends Show Liberty Quietly WinningDespite federal overreach, liberty advances incrementally. Marijuana legalization spread far faster than predicted, gun rights expanded via court rulings, conscription ended, speech protections strengthened compared to World War I repression, and slavery's legacy ended. Globally, freer markets slashed extreme poverty and boosted living standards. The Cato Institute's human progress indicators confirm markets quietly improve lives even amid bad policy. Americans overlook these gains while fixating on negatives, but the trajectory favors more freedom when ideas spread among the remnant.Conclusion: Can Libertarians Win? Yes—Through the Remnant, Not PoliticsLibertarians can win real victories for liberty in our lifetime, but only by abandoning electoral shortcuts that erode principles and embracing the remnant path that builds lasting change. Politics delivers more government; personal action delivers discrete freedoms; the remnant spreads the moral and economic case that makes freedom sustainable. For Christians called to a free society, this means living the truth now—improving ourselves, drawing seekers, celebrating incremental wins—trusting ideas to prevail when the moment arrives. Liberty grows not by capturing the state but by freeing minds one at a time.Additional ResourcesIsaiah's Job by Albert Jay Nock — The classic essay on the remnant strategy.Libertarianism Today by J...

Over the centuries, many academic institutions and publications have played their role in the good work of defending freedom. The Mises Institute does this today. Original article: https://mises.org/mises-wire/rothbard-mises-institute-and-battle-ideas

Earn up to a 4% yield on your physical gold or silver, paid in gold ounces: https://Monetary-Metals.com/CommodityMark Thornton thinks the recent dip in the silver price is a temporary phenomenon, and as the Fed executes stealth QE, debt and deficits spiral out of control, and wartime spending breaks the government coffers, the rise of both silver and gold is inevitable up ahead.Get Your 'Stack Silver Not Fiat' Shirt: https://commodity-culture-shop.fourthwall.com/products/stack-silver-not-fiat-t-shirtFree Hayek book of greatest hits articles from the Mises Institute: https://mises.org/hayek21The Mises Institute: https://mises.orgMinor Issues Podcast: https://mises.org/podcasts/minor-issuesFollow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture

THE COMPUTER FEDS ASSAULTED THE STREAM AGAINTimestamps:7:53 - Icebreaker Content18:49 - Foreign Policy Round-up(stream goes down 35:12 at & comes back at 39:55 )54:45 - Foreign/Domestic Influence Networks1:29:19 - Mises Institute Snubs HoppeWelcome to The Morning Dump, where we dive headfirst into the deep end of the pool of current events, conspiracy, and everything in between. Join us for a no-holds-barred look at the week's hottest topics, where we flush away the fluff and get straight to the substance.Please consider supporting my work- Patreon- https://www.patreon.com/nowayjose2020 Only costs $2/month and will get you access to episodes earlier than the publicNo Way, Jose! Rumble Channel- https://rumble.com/c/c-3379274  No Way, Jose! YouTube Channel- https://youtube.com/channel/UCzyrpy3eo37eiRTq0cXff0g My Podcast Host- https://redcircle.com/shows/no-way-jose Apple podcasts- https://podcasts.apple.com/us/podcast/no-way-jose/id1546040443 Spotify- https://open.spotify.com/show/0xUIH4pZ0tM1UxARxPe6Th Stitcher- https://www.stitcher.com/show/no-way-jose-2 Amazon Music- https://music.amazon.com/podcasts/41237e28-c365-491c-9a31-2c6ef874d89d/No-Way-Jose Google Podcasts- https://www.google.com/podcasts?feed=aHR0cHM6Ly9mZWVkcy5yZWRjaXJjbGUuY29tL2ZkM2JkYTE3LTg2OTEtNDc5Ny05Mzc2LTc1M2ExZTE4NGQ5Yw%3D%3DRadioPublic- https://radiopublic.com/no-way-jose-6p1BAO Vurbl- https://vurbl.com/station/4qHi6pyWP9B/ Feel free to contact me at thelibertymovementglobal@gmail.com#IranWar #IranConflict #MiddleEastWar #InfluenceNetworks #ForeignInfluence #DomesticInfluence #DeepStateNetworks #LobbyingNetworks #MisesInstitute #Hoppe #HansHermannHoppe #MisesSnubsHoppe #HoppeSnubbed #MisesInstituteDrama #LibertarianSplit #AustrianEconomics #Paleolibertarianism #WarAndInfluence #NeoconNetworks #AntiWarLibertarian

Mentor Sessions Ep. 060: Senior Economist on Gold, Silver, Bitcoin, AI, Oil, and the Dollar Crisis Nobody Is Talking About | Prof Peter St OngeThe dollar took its biggest hit in 50 years — and most people have no idea it happened.Professor Peter St. Onge (Heritage Foundation senior economist, Mises Institute fellow) breaks down exactly why freezing Russian central bank assets was a watershed moment for dollar dominance, what Fed panic over oil prices could do to the economy in 2026, and why Bitcoin is positioned to jump when the current geopolitical storm clears. This is the macro conversation you need to hear right now — no fluff, no hopium, just sharp analysis from one of the best macro minds following the intersection of money, geopolitics, and Bitcoin.You'll walk away understanding why the petrodollar is under real structural pressure, how AI is being weaponized as a narrative tool by global institutions, and what signals to watch for in markets as war, inflation, and dollar credibility collide.⏱️ Timestamps:0:00 – Intro 1:01 – Petrodollar Greeting & Gold/Bitcoin Performance 2:00 – Bitcoin as Hot Money (“Tourists”) 5:35 – Oil Prices Driving Fed Rate Expectations 11:10 – What Happens to Bitcoin When the War Ends 12:35 – Lasting War Effects & Petrodollar Question 13:24 – Is the Petrodollar Actually Dying? 15:08 – Bitcoin as a “Lifeboat” / Dollar Alternatives 18:26 – Freezing Russian Assets – Biggest Dollar Hit in 50 Years 21:31 – Housing Crisis & Mortgage Lock-In 24:53 – The Single Biggest Risk: Fed Panic on Oil Prices 29:54 – QE, Money Printing & Fed Toolkit 38:19 – Kevin Warsh & Hard-Money Outlook 47:42 – Petrodollar Road Signs & Dollar Strength 52:00 – Stablecoins vs Wall Street Banks 54:23 – The WEF's AI Job Loss Narrative 58:00 – AI, Jobs & The Escalator Effect 1:10:20 – Final Thoughts & Where to Find Peter

Jesús Huerta de Soto traces the Austrian school's intellectual roots from the Spanish scholastics to Rothbard, making the case that anarcho-capitalism is the natural endpoint of the classical liberal tradition.The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.Full Text version of the Lecture (Submitted by Prof. Huerta de Soto):Thank you very much to the Mises Institute and Joe Salerno for his kind introduction as well as for inviting me to deliver this “Ludwig von Mises Memorial Lecture” to celebrate the one hundredth anniversary of Murray N. Rothbard's birthday. It is the second time I visit the Mises Institute to deliver this most important lecture: The first one was almost thirty years ago, back in April 1997, when I delivered a lecture on “The Scholastic Roots of the Austrian School”. In this second opportunity I am very happy to have been able to accept Joe's invitation and to come with a very well represented retinue of ten of my colleagues and doctoral students. All of them are teaching as professors or making their research at our more than twenty-year-old Doctoral and Master Programs in Austrian Economics at King Juan Carlos University back in Madrid, and which is the only one officially approved and with full validity inside the whole European Union. You have already had the opportunity to hear from each one of them a detailed description of the so-called “Madrid Austrian Research Hub” and of all the activities we are developing every year, including the 54 Doctoral Theses on Austrian Economics that have been read up to now in our program. And here you have also copies of the English version of our main books published by Routledge, Edward Elgar, and by the Macmillan Austrian Series edited by my Madrid Colleagues, the German professor Philipp Bagus and the Canadian professor Dave Howden. And you will have the unique opportunity to buy these books that, as you know, have a hefty price of almost 100 pounds each one, at the almost “stolen property” and symbolic price of 5 dollars per copy, thanks to the most generous help of the Spanish Jesús Huerta de Soto Foundation that is helping to finance our participation in this important event.And now what I will do in the next forty minutes is to try to summarize not only my main contributions, but also “The Libertarian Vision of the Scientific and Moral Truth” as we see it from our Austrian School Hub in Madrid. And I will do it by focusing on a series of fundamental points.Precisely, the youngest of all sciences, Economics is the one that has provided Humanity with the most important scientific contributionThe first one is that Economics, being the last science to arrive, or as Mises said, "the youngest of all sciences," has nevertheless achieved the milestone of providing Humanity with the most important scientific contribution. For the first time, and thanks to Economic Science, human beings have discovered and understood that voluntary social cooperation, free from all institutional and systematic external coercion, generates a spontaneous order that cannot be designed nor organized by anyone, and that peacefully and without limits drives the prosperity and expansion of Humankind.This transcendental message of Economic Science, on the one hand, resolves the impossible antithesis of attempting to apply, within the realm of interactions carried out by human beings endowed with free will, the manipulative approach of external entities that human beings have no choice but to use, supported by technology and the natural sciences, in order to dominate the subject of the material world. And on the other hand, this is a radically revolutionary message: for the first time, it has been scientifically demonstrated that states, in any of their forms, are neither necessary nor viable; that Society, understood as a process of voluntary human interactions, does not need anyone to govern it, because it regulates and organizes itself spontaneously; and that the attempt to coordinate Society on the basis of social engineering and state coercive commands is impossible, doomed to failure, and gives rise to all kinds of distortions, social conflicts and violence, that continually hinder and block human progress.Economic science is generalized into a complete Theory of Liberty that makes it possible to reinterpret History and promote the expansion of civilizationThe second point is that Economics has been generalized into a whole Theory of Liberty, understood as the most essential attribute and requirement of human nature. Liberty means that all human actions are carried out voluntarily, based on the principle of non-aggression, and free of external coercion or violence imposed and organized from above by the always minority group of human beings who, under whatever title, exercise any kind of political power.Moreover, Economics dismantles and turns upside down the erroneous and biased account of Thomas Hobbes and his followers. Neither was the "state of nature" a terrifying situation, nor did a supposed "social contract" ever exist or was it necessary to create and maintain a State that would impose order and guarantee peace. What happened was precisely the opposite: natural evolution consisted, above all, in the spontaneous discovery of the great advantages provided by voluntary exchanges and peaceful trade. Systematic and generalized violence, war, and terror arose only with the appearance of States, as coercive institutions composed of the most antisocial and violent human beings, who wanted (and still want) to live at the expense of plundering those citizens who earn their living by working and trading peacefully with each other (Oppenheimer, 1926).Thus, Economics, demonstrates that what Étienne de La Boétie named "voluntary servitude", is an anti-human aberration to which human beings have been subjected for centuries. And that it is not necessary to continue with the resigned habit of obeying the State; nor do governments enjoy an aura of prestige (but are literally "stripped" of any attribute of intellectual or moral superiority); nor is the caste—or “praetorian guard”—of intellectuals, “experts”, and acolytes that surround states and rulers to be regarded as untouchable; nor should we allow ourselves to be seduced and deceived by subsidies or perks, whether supposed or real, with which they seek to purchase the will and secure the loyalty of exploited human beings, so that they will consent, voluntarily and permanently, to their exploitation and servitude (De la Boétie, 1975).Economics is the Science developed by the Austrian School of Economics, which should in fact be known as the Spanish School, as it has its origins in the thinking of our scholastics of the Spanish Golden AgeThe third point is that Economic Science has reached its highest level of development thanks to the Austrian School of Economics. As you know, our school is based on the realism of its analytical assumptions, in the dynamic approach based on the entrepreneurial, creative, and coordinating capacity of every human being, and in the study of the spontaneous and self-regulated order of the social process of voluntary human interactions (Huerta de Soto, 2008). The institutional and multidisciplinary approach of the Austrian School is also very relevant. As a result of the spontaneous social process important institutions emerge which, in turn, make it possible and drive it forward: Law and property rights rooted in human nature and discovered and developed spontaneously outside the state; the family, a basic and essential institution, on which the expansion of Humanity is made possible and consolidated; moral principles, which act as a true "automatic pilot" for liberty and which human beings internalize and transmit from generation to generation, thanks to the family and other community or religious institutions; economic institutions, and in particular, money, which also evolves spontaneously outside the State, and which can and should be considered the social institution par excellence, since by overcoming the problems of barter, it enables the exponential multiplication of voluntary exchanges and human interactions, within which the rest of the social, linguistic, moral, legal, economic, and religious institutions are discovered, shaped, and perfected.Our fourth point is that the first theorists of the spontaneous order emerged in the field of law, led by the great jurists of classical Rome. They were the first ones to understand the organic and evolutionary nature of the social process, and so they became, without being aware of it, the first economists. Their tradition was kept alive throughout the Middle Ages thanks to the Catholic Church and, through thinkers such as Saint Thomas Aquinas, Saint Antoninus of Florence, and Saint Bernardino of Siena, eventually came to influence the Spanish scholastics of the sixteenth and seventeenth centuries gathered around the University of Salamanca. As Rothbard demonstrated (Rothbard, 1976) these thinkers of the Spanish Golden Age should be considered the most immediate precedent of the Austrian School of Economics, which, precisely for this reason, should be called the Spanish School of Economics. And in fact, these Spanish scholastics were already able to articulate the following ten essential principles which constitute the theoretical foundation of the Austrian School:Firstly, the subjective theory of value developed by the Bishop of Segovia, Diego de Covarrubias, who as early as 1555 clearly explained that, although the objective nature of wheat is the same in Spain as in America, its price was higher in America because there human beings subjectively valued it much more highly; from this follows the correct relationship between prices and costs set out by Luis Sarabia de la Calle, in the sense that it is market prices that determine costs and not the other way around, as equilibrium theorists mistakenly believe; the Scholastics also realized that equilibrium models and prices lack realism and theoretical meaning because they presuppose a degree of knowledge “so complex that only God, and in no case human beings, could ever acquire it” (in latin “pretium iustum mathematicum licet soli Deo notum”), as already explained by the Jesuit cardinals Juan de Salas in 1617 and Juan de Lugo in 1643, more than three hundred years earlier than Hayek could conclude that “a science which assumes knowledge that can never be acquired is not a Science”; also the dynamic concept of competition is fundamental, understood as a process of rivalry among sellers based on the dynamic conception of market processes developed by Jerónimo Castillo de Bobadilla and Luis de Molina in 1589 and 1597, and that has nothing to do with the static model of "perfect competition" of equilibrium theorists; and also the important contributions of the Spanish Scholastics related with capital theory, business cycles, and the effects of fiduciary media generated by banks; so, particular emphasis should be placed on the rediscovery of the principle of time preference by Martín de Azpilcueta, following what Lessines had already stated in 1285; as well as on the fact that bankers commit mortal sin when they operate with fractional reserves, creating bank deposits as a form of virtual money (or chirographis pecuniarium, as Luis de Molina said in latin) that only exists in their accounting books and distorts the structure of relative prices, creating bubbles and deep economic crises that ultimately "bring everything crashing down," as Saravia de la Calle and Tomás de Mercado so vividly explained in the 16th Century; and in short, the Scholastic's idea that it is impossible to organize society through coercive commands due to lack of the information that would be required to give them coordinating content; as well as the discovery that inflation is a hidden and very harmful tax that arises from an act of tyranny, since it is neither known nor accepted by citizens, which would even justify the assassination of the King according to the theory of tyrannicide, a contribution originally made by the Castilian Comuneros eventually defeated by the tyrant King Charles V in 1521, and developed by Father Juan de Mariana almost a century later [in 1610].This entire line of proto-Austrian scholastic thought also spread throughout the Americas, especially in the newly founded universities of San Marcos in Lima and Mexico City in 1551 where brilliant disciples of these Scholastics, who had studied at the University of Salamanca itself, came to occupy prominent academic positions. Thus, for example, we should mention the cases of Bartolomé Frías de Albornoz in Mexico, and above all the great Juan de Matienzo, who became judge and president of the Royal Audiencia of Charcas and Lima from 1560 onwards (Popescu, 1997).Finally, the doctrine of our scholastics did spread even to North America two centuries later through the books of Juan de Mariana, who greatly influenced Thomas Jefferson and the founding fathers of the United States.However, the southern part of the continent ultimately proved unable to neutralize the wave of growing statism and centralization that first came with the arrivals of the Habsburgs in Spain, and which was intensified even further after the arrival of the Bourbons with Philip V at the beginning of the eighteenth century (Martínez Marina, 1820). How different and much more prosperous and libertarian might the historical evolution of Spain and Latin America have been, had the statist centralism of the Habsburgs and the Bourbons not prevailed, and had the far more libertarian, local, and decentralized traditional representative institutions of the kingdoms of Castile instead remained predominant—institutions that were dismantled, together with Europe's first libertarian revolution, beginning with the defeat of the Castilian Comuneros at Villalar on April 23, 1521 (Leonard Liggio, 2025).The most important and far-reaching contributions of economic scienceLet us now turn, in greater detail, to the most important contributions of Economics, as developed by the Austrian School.First, human cooperation takes place spontaneously, without the need for anyone to organize it coercively from outside. This is so because human beings are endowed with an entrepreneurial and creative capacity that continually drives them to discover the multiple opportunities for profit that arise in their environment. Each of these opportunities embodies a previous discoordination in human behavior that remains latent until it is discovered and overcome by the corresponding entrepreneurial act. This entrepreneurial act always arises from a creative tension and interpretation of events of the outside world that is essentially subjective and, therefore, cannot be reproduced by any artificial intelligence algorithm; in other words, the same objective events can be interpreted in multiple ways, even contradictory ones, without it being possible to postulate which is correct until the corresponding entrepreneurial process is completed in the form of a subjective profit. In any case, every entrepreneurial act involves, firstly, the creation of information that did not exist before (regarding the profit opportunity that arose from the previous discoordination that had gone unnoticed); secondly, the transmission of that knowledge (directly to the parties involved in the entrepreneurial act and indirectly through a series of institutions and signals such as market prices); and third and finally, the coordination of the previous maladjustments takes place when the parties involved learn motu proprio, that is, voluntarily and for their own benefit, to discipline their behavior according to the needs of others (for example, when they discover that they achieve their ends more effectively by specializing and trading peacefully the mutual results of their efforts). The discovery of the essence of this pure entrepreneurial act, with its elements of creation and transmission of information and the spontaneous coordination of the previous maladjustments continually generated by human coexistence, constitutes the most important contribution that Economic Science has provided to Humanity, and explains why the spontaneous process of voluntary social cooperation that drives the multiplication of human beings and the expansion of civilization does not require any statist system of institutional coercion.Another essential contribution of Economics is the concept of Dynamic Efficiency, understood as the process of unlimited expansion of human creativity and entrepreneurial coordination that arises only within a specific institutional framework of moral and legal norms. This framework is the one grounded on the ethical principle according to which every human being has a natural right to appropriate the results of his entrepreneurial creativity; that is, a property right over what one has created and which did not previously exist, which is the most obvious and important human right. For this reason, (dynamic) Efficiency and Morality and Justice (properly understood) cannot be separated one from the other; or, as we might say, they are two sides of the same coin in the sense that only Justice and Morality induce and generate efficiency; and at the same time, what is dynamically efficient in economic terms cannot be neither unjust nor immoral. All of which, on the other hand, demonstrates the integrated order that exists in the social universe, and highlights the three levels of research (theoretical, ethical, and historical) that complement and reinforce with each other and are essential in our search for truth (Huerta de Soto, 2000).Finally, another key contribution of Economic Science is to have demonstrated the impossibility of socialism, or better, the impossibility of statism, in the sense that it is impossible for the State to achieve and coordinate what it promises for the following four reasons:First, because of the enormous volume of information required for such coordination, which the State cannot acquire because it is dispersed in the minds of the eight billion human beings who participate and interact in the social process every day. Second, given the tacit and inarticulate character of this information (and therefore its inability to be transmitted in an objective manner). Third, because the information that is generated is not "given," nor is it static, but instead changes continuously as a result of human creativity, making it impossible to transmit today information that will only be created tomorrow, and which is precisely the information that the organs of State intervention and the so-called “experts” would need today in order to direct society to achieve their objectives tomorrow. And fourth, and above all, because the coercive nature of State commands blocks the entrepreneurial activity of creating the very information which the State organization itself would need in order to give its commands a coordinating content. In sum, the State is always and everywhere violence and coercion; coercion blocks the entrepreneurial act of creation, discovery, and adjustment of discoordinated human behavior, while at the same time preventing the creation of the information and the emergence of free market prices that make economic calculation and social coordination possible. For this reason, statism is not only unnecessary but is also scientifically impossible.The impact of these essential contributions of Economics on the course of social evolution has so far been very limitedAll of these scientific contributions have so far achieved only a very partial, imperfect, and limited impact on the inertia of a social and political reality that has for centuries been characterized by the coercive power of States and rulers, and by the more or less resigned servitude of the citizens. And despite the very limited nature of this impact to date, which at best has materialized in a series of naïve and "liberal" revolutions aimed, with as much arrogance as lack of success, toward the impossible objective of trying to separate and limit the powers of states and rulers through political constitutions and "liberal democracies" (Rothbard, 2009); Humanity has been propelled as never before in those places and historical moments where it has managed, despite everything, to at least partially free itself from the State and open up some of the new channels of liberty shown by the teachings of Economics. Beginning with the Industrial Revolution, which was but the first chapter of the never-completed "Revolution of Liberty" inspired by Economics. And although what has been achieved in terms of prosperity and standard of living by the now eight billion human beings seems relatively significant—and indeed it is—we cannot even conceive of the standard of living and population size that could be achieved if Humanity were able to take full advantage of and fully implement the teachings of Economic Science.We can be few and poor in a context of servitude and submission to the State, or many and wealthy in a context of liberty (Hayek, 1988, p. 133). The globe is practically empty of human beings (the Earth's current population would fit into an area equivalent to that of the state of Alaska, with a population density equal to that of Brussels). And we cannot even imagine the prosperity that could be achieved in a free market daily driven by eighty billion, or even eight hundred billion, human beings. Economics explains and demonstrates that the increasing prosperity of an ever-growing population of human beings never results from deliberate and coercive State plans, nor from the egalitarian income redistribution, nor from increases in public spending, nor from subsidies, debt, or inflation, but only arises from the free market of the capitalist system. This consists of the process of voluntary exchanges among all human beings who, endowed with an innate entrepreneurial and creative capacity, are able to detect and assess, through the system of free prices, the relative urgency and necessity of each good and service, overcoming the relative scarcity of each and satisfying, every day and in the best humanly possible way, the desires and needs of billions of consumers. Entrepreneurs who succeed in this never-ending process of profit-seeking accumulate significant resources, which, in turn, are saved and invested in capital goods and new technologies that make human beings increasingly productive, boosting their wages and standards of living; a virtuous process of continuously expanding prosperity and population growth that, if not coerced or hindered by the State, has no limits.Therefore, it is crucially important for the future of Humanity that it be able to take full and maximum advantage of the lessons and essential message in pursuit of human liberty that Economics provides. But this will only be possible if we are able to unmask and carefully analyze the powerful forces of the pseudoscientific and counterrevolutionary reaction that has been mobilized to prevent the advance of the theory of liberty derived from Economic Science. Despite their diverse origins, they all converge on the same objective: to attempt to justify and preserve State coercion at all costs under the appearance of scientific legitimacy. They are driven by the "fatal conceit" (Hayek, 1988) of many visionaries, thinkers, and supposed "experts" who believe themselves to be clever enough to correct the spontaneous market order, of course, using the violence and coercive power of the State. Together with a privileged caste of rulers, bureaucrats and acolytes, they continually manipulate a Humanity that is sadly accustomed to serving the State. For all of them, it is vital that statism be maintained and that the message of liberty provided by Economics never prevail.Next, we will list the main reactionary pseudoscientific currents that have infiltrated Economic Science like a lethal virus and constitute, in Hayek's terminology, "the counter-revolution of science" (Hayek, 1955).Pseudoscientific reactionary currents opposed to Economic Science. The role played as “useful innocents” by many libertarian economists of the counterrevolutionary mainstreamFirst, positivism and scientism as pseudoscience. By "scientism" we must understand the improper application of the methods of the natural sciences to the field of Economic Science. Thus, while the natural sciences study their object of research as something external, measurable, and quantifiable, Economics studies the implications of the voluntary actions of human beings. And given the essentially creative nature of human beings, the supposed empirical "evidence" has, at best, only a superficial, partial, and always historically contingent value. In Bastiat's words, of "what is seen" —or rather, what is believed to have been seen— but not "what is not seen" (Bastiat, 1995); and at worst, it always entails the assumption, that human beings are an object of research that can be manipulated as the matter of the external world studied by the natural sciences. This inevitably introduces the idea that to improve the world, the State and its rulers must use their coercive power to manipulate and change the things they believe they see in their historically contingent "empirical photos." But these "empirical photos" cannot capture the underlying dynamic essence of spontaneous social processes, let alone what is already happening spontaneously to solve and coordinate every problem. Therefore, it is not surprising that from the very first steps of Economic Science promoted by the Austrian School, its most violent opponents were the "socialists of the chair" gathered around the German Historical School, reinforced in France by the empiricists of the school of Saint-Simon, the insane Comte, and Durkheim, who sought to create a new and alternative pseudoscience of society. And their unhealthy positivist and ultra-empirical influence has persisted to the present day, first through American Institutionalism and later through the massive compilation of empirical data, for example, in the work of Wesley C. Mitchell or Henry Schultz, the latter, as shown by Professor Salerno, having gone on to exert a decisive influence on his assistant Milton Friedman and, through him, even on the Chicago School itself (Salerno, 2023).Secondly, the pseudoscience of neoclassical economics is characterized by its claim that only its own approach constitutes true “science,” that is, the approach based on the principles of equilibrium, maximization, and constancy. Moreover, in addition to the lack of realism of its assumptions, it adds the reductionism of a mathematical language that has developed in response to the needs and demands of the natural sciences, but which is alien to Economic Science because it does not allow for the subjective concept of time or entrepreneurial creativity. Neoclassical economists develop their pseudoscience based not on real human beings of flesh and blood, but on "ideal types" that are like "robotic penguins" who, even in their most sophisticated dynamic stochastic general equilibrium models are limited to moving and reacting to events and State coercion as if they were characters of a sort of economic video game ("videogame economics"). Yet neoclassical pseudoscience, despite its apparent and ever-increasing sophistication, is not capable of accounting for the immense complexity of the real world and rebels against the idea of spontaneous market order in two ways that are equally harmful to human liberty: on the one hand, by promoting the coercive "social engineering" of central banks, States, and governments to use "fine tuning" to force reality toward to the mathematical optimum of their models; and, on the other hand, by labeling as "market failures" everything they believe they observe in reality that does not coincide, in their empirical studies, with their ghostly models of “perfect” equilibrium and adjustment (Milei, 2023); failures that, according to them, refute the "benefits" of the spontaneous order of the market and human liberty, and justify their elimination as soon as possible by a coercive State authority. Note also how neoclassical pseudoscience needs, and feeds upon, the empirical work of the previous pseudoscience, positivism, in order to justify its conclusions against human liberty and in favor of State coercion, so that positivists and neoclassicists join hands and end up reinforcing each other in their reactionary agenda.Third, Keynesianism and macroeconomics as pseudoscience. The very “macro” approach already entails, inevitably, an obvious bias in favor of justifying State intervention, aggression, and coercion against the spontaneous order of the market and human liberty. As F. A. Hayek pointed out in his Nobel Prize acceptance speech in 1974 (Hayek, 1978), macroeconomists ignore everything they cannot measure, specifically truly relevant economic processes and theories. At the same time, they believe that certain aggregate concepts—which lack genuine economic meaning—possess a “real” existence, that permits to collect empirical information or evidence that can be manipulated and statistically treated. Once again, macroeconomic pseudoscience goes hand in hand with positivist pseudoscience, and the two reinforce with each other in their counterrevolutionary reaction. Furthermore, Keynesianism is particularly harmful: not only does it flatly deny the coordinating capacity of creative entrepreneurship and the spontaneous market order, but it also builds as an alternative explanation a whole model—of course—of equilibrium with permanent unemployment, to justify the coercive intervention of the State in the lives of human beings in the form of all kinds of fiscal and monetary manipulations. Moreover, the macroeconomic and Keynesian pseudoscience feeds upon, and is reinforced by, the pseudoscientific approach of the Neoclassical School, to the point that, the so-called "neoclassical Keynesian synthesis" became, throughout the twentieth century, the main reactionary movement inside Economics. Keynesians and macroeconomists thus become the champions of that intoxication with statism, manipulation, and political power which constitutes the framework, orchestrated by governments and central banks, to which we have, regrettably, become accustomed and in which we are forced to live. This context repeatedly destabilizes the spontaneous market order, generates serious financial and economic crises and social conflicts, and continually hampers the prosperity and advance of civilization.We have left the quasi-religious mysticism of Marxist pseudoscience for last, because Marxism was scientifically dead even before it was born: in fact, it emerged with—and was theoretically demolished by—the subjectivist revolution led by the Austrian School of Economics. From the beginning, the Austrian School's development of time preference and capital theory revealed the contradictions and grave scientific errors of Marxism, while at the same time exposing its pronounced character as an intellectual fraud (Böhm-Bawerk, 1949). This intellectual fraud was historically illustrated by the collapse of the Soviet Union, and of virtually all other communist countries, after many decades of unspeakable human suffering for a large part of the world's population, all of which was perfectly consistent with the theory on the impossibility of statism developed by the Austrian School beginning with the von Mises of 1920 (Mises, 1936), and which was the final nail that forever sealed the coffin of the corpse of Marxist pseudoscience (Huerta de Soto, 2010).Finally, in this context, we must mention the destructive role played by a number of distinguished economists who, although they defend liberty and the market economy, could be described as a kind of "useful innocents" in Mises' terminology (Mises, 1947). This is so because, even though they officially oppose rampant statism and defend liberty, by accepting—even if only partially—some of the postulates of the reactionary pseudoscientific currents we have described, they ultimately end up, often without intending to and much to their regret, providing additional impetus to the statist reaction within our discipline; for example, when they insist on advising States with proposals aimed at making them more efficient and at helping them do somewhat better things that they should not be doing at all. By way of illustration, we should include in this category of “useful innocents”, for example, thinkers as the Karl Popper of The Open Society and Its Enemies (Popper, 1966, p. 366), who came to admire the “scientific capacity” and even the “humanism” of Karl Marx, and who proposed a statist strategy of “piecemeal social engineering”; or George Stigler, when he claimed that only empirical evidence could determine which economic system, socialism or capitalism, might function (Stigler, 1975, pp. 1-13); and, more generally, the members of the Chicago School, led by Gary Becker and Milton Friedman. Becker when defending that only economics developed within the strict limits of equilibrium, constancy, and maximization, typical of the neoclassical pseudoscience, constitutes true "economic science." And even more serious could be considered the case of Milton Friedman, whose very sincere love of liberty and intense and popular media support for free markets stand in sharp contrast to his pseudoscientific approach based on the aggregate method of economics of Keynesian origin, on positivist empiricism, and on the full acceptance of the unrealism of assumptions. Only in this way it can be explained Friedman's litany of scientific errors which, much to his regret, have invariably ended up reinforcing statist interventionism, to the point that Hayek himself was forced to conclude that after Keynes's The General Theory, the book that has done the greatest harm to Economic Science has been Friedman's Essays in Positive Economics (Hayek, 1994, pp. 145).The failure of democracy and classical liberalism: the triumph of statismAs we see, many classical liberals and advocates of liberal democracy have also acted as "useful innocents." The fatal error of classical liberals lies in the failure to realize that their program is theoretically impossible, because it incorporates within itself the seeds of its own destruction, precisely to the extent that it considers necessary and accepts the existence of a State (even if it is "minimal") understood as the monopolistic agency of institutional coercion. Therefore, the great error of classical liberals is very basic: they believe in a program of political action and economic doctrine that aims to limit the power of the State, while at the same time accepting it and even considering state's existence necessary. However Economic Science has already shown that the State is unnecessary, that statism (even in its minimal form) is theoretically impossible, and that, given human nature, once the State exists, it is impossible to limit its power. On the other hand, liberal democracy is a concept as naïve as it is impossible. Mises already warned us that democracy could only function if all its participants accepted the classical liberal principles, which is impossible because democracy itself encourages and amplifies vote-buying and the partisan use of power. So, the inevitable conclusion is that "liberal democracy" is a contradiction in terms as absurd as speaking (following Anthony de Jasay) of a “square circle,” of “hot snow,” or of a “virgin prostitute” (A. de Jasay, 1990). And even Hayek considered democracy unworkable if it is understood as the exercise of absolute power by majorities (Kratos in classical Greek). It should therefore come as no surprise that democracy once and again tends to be a perverse system based on lying and buying votes with money stolen through taxation.The fact is that the State attracts like a magnet the worst passions and vices of human nature, for instance, when individuals try to obtain rents produced by others using the State's coercive power. Moreover, the combined effect of the privileged groups, the phenomena of governmental myopia and vote-buying, the megalomaniacal character of politicians, and the irresponsibility and blindness of bureaucracies generate a dangerous, unstable and explosive cocktail, continually shaken by social, economic, and political crises which, paradoxically, are always used by the political caste to justify further doses of intervention and statism that, instead of solving problems, further aggravate them. Statism therefore corrupts the entire social body and at the same time blocks the spontaneous and free market solutions of social and economic problems.In fact, the State has become the "idol" that almost everyone turns to and worships. Statolatry is the most serious and dangerous social disease of our time. We are educated to believe that all problems can and must be detected and solved by the State. Our destiny depends on the State, and the politicians who control it are expected to guarantee everything our well-being may require. Human beings remain immature and rebel against their own creative nature, which makes their future always uncertain. They demand a crystal ball that assures them not only knowing what will happen, but also that any problems that arise will be solved for them. This "infantilization" of the masses is encouraged by politicians, as it justifies their own existence and ensures their popularity, position of dominance, and capacity to control. In addition, a whole legion of intellectuals, so-called "experts," and social engineers join in this arrogant intoxication of power. Not even the Church and the most respectable religious denominations have been able to realize that statolatry today constitutes the principal threat to the free, moral, and responsible human being; that the State is a false idol of immense power, worshipped by all, and that does not allow Humanity to be free from its control or have moral or religious loyalties beyond those the state can dominate. Furthermore, it is kept hidden from the public that the state is the true source of social conflicts and evils, and "scapegoats" (such as "capitalism" or private property) are blamed for the problems, and they become the goal of the most serious condemnations, even from moral and religious leaders, almost none of whom have realized the deception or dared to denounce that statolatry is the main threat in the present century to religion, morality, and, therefore, to human civilization.Perhaps the main exception within the Church is included in the brilliant biography of Jesus of Nazareth written by Benedict XVI. That the State and political power constitute the institutional incarnation of the Antichrist should be obvious to anyone with a minimal knowledge of history who reads the former Pope's considerations on the most serious temptation that the Evil One can present to us (and I quote Ratzinger literally): "The tempter is not so crude as to propose to us directly the worship of the devil. He merely proposes that we opt for the rational solution, that we prefer a planned and organized world in which God may have a place as a private spiritual matter, but must not be allowed to interfere in our essential purposes. Soloviev attributes to the Antichrist a book entitled The Open Road to World Peace and Prosperity; it becomes the new Bible, and its core message is the worship of well-being and rational planning," by the state (Ratzinger, 2007). And so, we should not be surprised that, for example, the great author of The Lord of the Rings, J. R. Tolkien, whose Catholic anarchism I fully share, went so far as to say that he would arrest anyone for simply daring to pronounce the word "State." Because the State is, always and everywhere, a reality of violence and systematic coercion against the most intimate essence of the human being, which is his capacity to act freely, creatively, and spontaneously; and so, it is unavoidable to conclude that the State is essentially immoral and that statism constitutes the principal threat to humankind.A theological digression: the dismantling of statism as a logical necessity inseparable from the work of GodAnd almost without realizing it, we can go ahead with a theological digression on how dismantling the State is a logical and moral necessity inseparable from the work of God. I fully understand that referring to God in this conference may come as a shock to many of those present, but I would ask that even those who do not believe in God, at least for dialectical purposes, make an effort of imagination and, for the next few minutes, imagine that God does indeed exist.And what do we mean by God? We must understand God to be a Supreme Being, Creator out of love for all things. And the most important creature that God has created is precisely the human being: in His image and likeness. And if there is a point of connection between God and man, it is precisely in the creative entrepreneurial ability: the capacity to discover, to see, and to create new things, goals and actions. But now I am going to go one step further and attempt to demonstrate that God is not only the Supreme, loving Creator of all things, but that—moreover—God is libertarian.And what does it mean to say that God is libertarian? It means that God, the Lord of all the Universe, has absolute power over it, and yet He chooses not to use force, but always leaves his creatures free. To the point that He gives human beings the freedom to rebel against Him; even though, again and again, God forgives human beings and allows them to rise up and begin anew.God always lets the universe He has created, flow in a spontaneous manner ("laissez faire, laissez passer, le monde va de lui même" could be the motto of our libertarian God). And this despite the fact that human beings tempt God again and again and demand that He manifest His absolute power, that He give us clear and indisputable signs of His existence and supreme power in order for us to believe in Him. But of course, God does not accept our challenge. Why? Because love and liberty are inseparable, and a forced conversion, for example by an evident cataclysm, would be completely contrary to that liberty with which God has created human beings out of love.Moreover, the Kingdom of God is not of this world; Jesus himself says this to a fearful Roman state official, who was also in charge of judging him: "My kingdom is not of this world." Does this mean that there are two types of kingdoms? The kingdoms of this world or States, which would be legitimate at their own level (remember "render unto Caesar the things that are Caesar's"), and the Kingdom of God, of ("render unto God the things that are God's"). That is the standard interpretation that has prevailed until now, but I think is completely wrong. The Kingdom of God—which is the exact opposite of the kingdoms or States of this world—never makes systematic use of violence and coercion: it is a Kingdom that has already come to us and, moreover, has been given to us freely, in an act of immense mercy and love (Deus caritas est). And just as the hateful institution of slavery came to an end, the Kingdom of God will also dismantle the kingdoms of this world, the states of this world, or as St. Paul said, of every principality, power, and glory (Ephesians 1:21-23), because God is libertarian and man is made in the image and likeness of God.Ludwig von Mises, in his book Interventionism, introduced the term "destructionism" to refer to the economic and social effects of statism. If Evil (represented by statist destructionism in Mises' terminology) were to prevail, the human race and civilization would have disappeared long ago. The fact that, despite everything and the immense power of seduction of statism over humankind, the process of social cooperation continues to unfold and even prosper in certain historical periods and geographical areas, is a clear manifestation that God does not abandon the world nor leave libertarians alone in their struggle against the Evil; and that Good, represented by liberty, the principle of non-aggression, the spontaneous order of the market, entrepreneurial creativity and coordination, and above all, moral principles, always with God's help, prevails and is capable of overcoming Evil, represented by the fatal conceit of the statist ideal and the destruction that it produces.And now I will finish with some thoughts on anarcho-capitalism as the only possible system of social cooperation truly compatible with human natureAnd now I will finish with some thoughts on anarcho-capitalism as the only possible system of social cooperation truly compatible with human nature. The most important intellectual and moral event that is taking place nowadays is the full fusion between Christianity and anarcho-capitalism. Because anarcho-capitalism is the only possible system of social cooperation that is truly compatible with human nature. Anarcho-capitalism is the purest representation of the spontaneous market order in which all services, including law, justice, and public order, are provided through a voluntary process of social cooperation. In this system, no area is closed to the drive of human creativity and entrepreneurial coordination; efficiency and justice in the resolution of problems are simultaneously enhanced, while the conflicts, inefficiencies, and discoordinations generated by the State are eradicated at their root.The progressive abolition of States and their gradual replacement by a dynamic network of private agencies different legal systems, and providing all kinds of prevention and defense services, constitutes the most important social transformation that will take place in the twenty first century. Without forgetting that exactly what prevents us from knowing with precision what the future without the state will look like, the creative nature of entrepreneurship, is what gives us the peace of mind of knowing that any problem will tend to be resolved and overcome, once the entrepreneurial effort and creativity of Humanity are devoted to its solution (Kirzner, 1985).Therefore, the revolution against the “Old Régime” carried out in the eighteenth and nineteenth centuries by the old classical liberals, today finds its natural continuation in the anarcho-capitalist revolution of the twenty-first century. The message of anarcho-capitalism is clearly revolutionary. Revolutionary in terms of its goal: the dismantling of the State and its replacement by a competitive market process consisting of a network of private agencies, associations, and organizations. And revolutionary in terms of its means, especially in the scientific, economic-social, and political fields:a) First, Scientific revolution, in the field of Economic Science, which becomes the general theory of spontaneous market order extended to all social areas. And by contrast and opposition, the theory and analysis of the effects of social discoordination generated by statism in any sphere in which it operates, as well as the study of the transition process from the State towards liberty.b) Second, an Economic and social revolution, as we cannot even imagine today the immense human achievements and discoveries that could be made in an entrepreneurial environment totally free from statism. Today, and despite continuous governmental harassment, an unknown civilization is already developing, with a degree of complexity that is beyond the reach and control of the state, and which will achieve unlimited expansion once it manages to completely rid itself of statism. And when human beings become more and more aware of the perverse nature of the State that restricts them, and of the immense possibilities that are frustrated each day when the State blocks the driving force of their entrepreneurial creativity, the social demand to reform and dismantle the State will multiply creating a future that is largely unknown to us but that will elevate human civilization to heights that we cannot even imagine today.c) And finally, a political revolution in which, although day-to-day political struggle is important, it should not be the top priority. It is true that the least interventionist alternatives must always be supported, in clear alliance with the efforts of classical liberals in their long term impossible democratic limitation of the State (including reforms such as those proposed by Hayek in the third volume of Law, Legislation, and Liberty). But the anarcho-capitalist does not stop at this task, for he knows that he can and must do much more. He knows that the ultimate goal is the total dismantling of the State, and this goal leads all his imagination and political action in everyday life. And here we cannot fail to mention the unprecedented impact of our disciple and follower of our Master Program in Austrian Economics in Madrid, the President of Argentina, Javier Milei, who has done more than anyone else before to disseminate the principles of the Austrian School and the anarcho-capitalist ideal. Principles that he never ceases to quote and explain and defend once and again in all his public appearances, from the United Nations to the Davos Forum; and in all his meetings with other Heads of State, universities, and parliaments, to whom he even gives copies of the most important Austrian works by Mises, Hayek and even myself, as he did, for example, with the two popes, Francis and Leo XIV, with the French President Macron, the Italian Prime Minister Meloni, and even with Elon Musk. For us, it is a great honor that Milei has, to a large extent, emerged from the Austrian School of Madrid and that he continually keeps drawing inspiration from us. This is, without a doubt, much more important than incremental political steps in the right direction—which should of course be welcomed—and that should never fall into a political pragmatism that could betray the ultimate goal of achieving the end of the State (Huerta de Soto, 2010).And all this with tireless enthusiasm in the search for scientific and moral truth, an attitude that, inspired by the immortal work of Miguel de Cervantes, we could describe as follows: "It matters not whether they be giants or windmills, when the plume of our helm is stirred by the winds of tenacity and faith." And always creating a future that, although it may seem distant today, may at any moment witness giant steps that will surprise even the most optimistic among us. History has entered into an accelerated process of change which, although it will never stop, will open a whole new chapter when humankind finally succeeds in ridding itself definitively of the State, reducing it to no more than a dark historical relic of tragic memory.Thank you very much.REFERENCESBASTIAT, Frédéric: Selected Essays on Political Economy, Foundation for Economic Education, New York 1995.DE LA BOÉTIE, Étienne: The Politics of Obedience: The Discourse of Voluntary Servitude, Free Life Editions, Nueva York 1975.BÖHM-BAWERK, Eugen von: Karl Marx and the Close of His System, Augustus M. Kelley, Nueva York 1949."The Exploitation Theory," Capital and Interest, Vol. I: History and Critique of Interest Theories, Libertarian Press, South Holland 1959.HAYEK, Friedrich A. von: The Counter-Revolution of Science, Free Press, New York, 1955.Hayek on Hayek: An Autobiographical Dialogue (eds. Stephen Kresge and Leif Wenar), University of Chicago Press, Chicago 1994.Law, Legislation and Liberty, Vol. III: The Political Order of a Free People, Routledge & Kegan Paul, London 1979.The Fatal Conceit: the Errors of Socialism, The University of Chicago Press, Chicago 1988."The Pretence of Knowledge," in New Studies in Philosophy, Politics, Economics and the History of Ideas, University of Chicago Press, Chicago 1978.HUERTA DE SOTO, Jesús: Socialism, Economic Calculation and Entrepreneurship, Edward Elgar, Cheltenham y Northampton 2010."A Hayekian Strategy to Implement Free Market Reforms," in Theory of Dynamic Efficiency, Routledge, Oxfordshire, 2010.Proyecto Docente, Chapter I: "Ciencia y Economía," Rey Juan Carlos University, Madrid 2000.The Austrian School: Market Order and Creative Entrepreneurship, Edward Elgar, Cheltenham y Northampton 2008.DE JASAY, Anthony: Market Socialism: A Scrutiny, published by the Institute of Economic Affairs, Occasional Paper no. 84, 1990.KIRZNER, Israel: "The Perils of Regulation: A Market Process Approach" in Discovery and the Capitalist Process, University of Chicago Press, 1985.LIGGIO, Leonard: "The Hispanic tradition of Liberty," published in Procesos de Mercado: Revista Europea de Economía Política, vol. XXII, nº 1, Summer 2025, pp. 403-420.MARTÍNEZ MARINA, Francisco: Teoría de las cortes o grandes juntas nacionales de los reinos de León y Castilla, Collado, 1820.MILEI, Javier: Capitalism, Socialism, and the Neoclassical Trap, in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume II (editors Howden, D., Bagus, P.), Palgrave Macmillan, Cham, 2023.MISES, Ludwig von: Socialism: An Economic and Sociological Analysis, Jonathan Cape, London 1936.Planned Chaos, Foundation for Economic Education, Irvington-on-Hudson 1947.OPPENHEIMER, Franz: The State, Vanguard Press, Nueva York 1926.POPESCU, Oreste: Studies in the History of Latin American Economic Thought, Routledge, London 1997.POPPER, Karl: The Open Society and its Enemies, Princeton University Press, Princeton 1966.RATZINGER, Joseph. Jesus of Nazareth: From the Baptism in the Jordan to the Transfiguration. Translated by Adrian J. Walker. Doubleday, New York, 2007.ROTHBARD, Murray N.: "New Light on the Prehistory of the Austrian School," in The Foundations of Modern Austrian Economics (editor Edwin G. Dolan), Sheed and Ward, Kansas City 1976, pp. 52–74.Anatomy of the State, Ludwig von Mises Institute, Auburn 2009.SALERNO, Joseph. "Milton Friedman's Views on Method and Money Reconsidered in Light of the Housing Bubble", in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, (editors Howden, D., Bagus, P.), Palgrave Macmillan, Cham, 2023.STIGLER, George: The Citizen and the State, University of Chicago Press, Chicago, 1975, pp. 1-13.

The Ralph Raico Memorial Lecture, sponsored by Murray and Florence Sabrin. Presented at the Mises Institute in Auburn, Alabama.

In commemoration of Murray Rothbard's 100th birthday, Bob shares five “greatest hits” from Rothbard's economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.Related:Rothbard, Making Economic Sense: Mises.org/HAP541aRothbard, "Toward a Reconstruction of Utility and Welfare Economics": Mises.org/HAP541bRothbard, Man, Economy, and State with Power and Market: Mises.org/HAP541cBob's Study Guide to Man, Economy, and State with Power and Market: Mises.org/HAP541dJoin the Mises Institute on Saturday, April 25 in San Diego, CA to discuss California's fall from grace. Today, it's known for high taxes, bureaucrats, and leftwing billionaires. Is this a warning to the rest of America? Register now at Mises.org/CAHAPThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Host Cody Cook sits down with Patrick Carroll, a sharp libertarian opinion journalist based near Toronto whose writing appears in outlets like the Mises Institute, Libertarian Institute, AIER, and FEE (where he once served as managing editor). Carroll's Substack, Against the Left, regularly dismantles progressive arguments from a free-market vantage point—and this conversation dives deep into one of his most provocative pieces: “Why SNAP Spending Should Be Cut Even If Charity Doesn't Replace It.”The episode centers on the dramatic events of late 2025, when a record-breaking U.S. government shutdown stretched into its second month. By early November, the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) faced a funding lapse. The Department of Agriculture announced that the roughly $100 billion annual program—serving about 42 million Americans, or one in eight—would not issue full November benefits. Chaos ensued: food banks reported overwhelming demand, long lines formed, and media stories highlighted desperate families suddenly without their usual grocery support.Left-leaning commentator Carl Beijer seized on the crisis in a Jacobin piece, declaring it definitive proof that private charity cannot substitute for state welfare. Overwhelmed pantries and panicked recipients, he argued, exposed the fantasy of market-based solutions replacing government safety nets.Carroll pushes back hard. He concedes the short-term strain on food banks but argues the episode reveals more about SNAP's overreach than charity's inadequacy. With little advance certainty (the shutdown's duration remained a day-to-day uncertainty), private organizations had scant time to scale. Yet many still responded impressively—businesses like DoorDash offered free meals, churches and local groups rallied, and some food banks pivoted quickly. Had there been months of clear notice, Carroll contends, the charitable response would have been far stronger.More controversially, he challenges the scale of need SNAP addresses. Citing a 2021 USDA study, he notes that 39% of recipients are obese, 26% overweight, 33% normal weight, and only 3% underweight. This, he says, shatters the media stereotype of widespread starvation and suggests the program subsidizes far beyond genuine hardship—often enabling poor lifestyle choices rather than preventing famine.Carroll proposes an initial 50% cut, returning spending to roughly 2007 levels after years of ballooning budgets. He acknowledges “food insecurity” statistics (around 13% of Americans) but critiques their definitions, which can include anyone who occasionally buys cheaper groceries or skips a preferred item—hardly a crisis justifying $100 billion annually.The discussion turns philosophical and theological. Carroll invokes the “negative contact hypothesis”: while meeting marginalized groups often reduces prejudice, direct exposure to many in poverty can erode naive sympathy when observers see patterns of self-inflicted hardship—addiction, unwise relationships, financial irresponsibility. Anecdotes from YouTuber Caleb Hammer's Financial Audit series reinforce this, as do studies showing that more well-off people's support for redistribution weakens after real contact with the poor.From a Christian libertarian perspective, Carroll emphasizes voluntary generosity over state coercion. Jesus warned against lording authority over others (Matthew 20); early Christians practiced communal sharing without petitioning Caesar for taxes. He praises historical mutual-aid societies and modern examples like Mormon welfare systems as superior, more personal, and non-coercive alternatives to centralized bureaucracy.Addressing bleeding-heart objections, Carroll entertains the sequencing argument: enact free-market reforms (deregulation, free trade, ending occupational licensing and minimum wage barriers) first to boost opportunity and reduce poverty, then phase out welfare. He's sympathetic but rejects indefinite delay—some cuts can and should happen now without catastrophe, especially given SNAP's questionable targeting.This episode is bold, data-driven, and unapologetically challenging. It refuses easy compassion narratives, forces listeners to grapple with uncomfortable stats, and calls Christians to prioritize peaceful, voluntary charity over state redistribution. Whether you bristle or cheer, it's a thought-provoking case for rethinking welfare in a free and faithful society.Links:Patrick's SubstackPatrick's piece Why SNAP Spending Should Be Cut Even If Charity Doesn't Replace ItPatrick's Twitter/X: https://x.com/PatrickC1995David Beito's book From Mutual Aid to the Welfare State: Fraternal Societies and Social Services, 1890-1967Audio Production by Podsworth Media - https://podsworth.com Use code LCI50 for 50% off your first order at Podsworth.com to clean up your voice recordings and also support LCI!Full Podsworth Ad Read BEFORE & AFTER processing:https://youtu.be/vbsOEODpQGs  ★ Support this podcast ★

In commemoration of Murray Rothbard's 100th birthday, Bob shares five “greatest hits” from Rothbard's economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.Related:Rothbard, Making Economic Sense: Mises.org/HAP541aRothbard, "Toward a Reconstruction of Utility and Welfare Economics": Mises.org/HAP541bRothbard, Man, Economy, and State with Power and Market: Mises.org/HAP541cBob's Study Guide to Man, Economy, and State with Power and Market: Mises.org/HAP541dJoin the Mises Institute on Saturday, April 25 in San Diego, CA to discuss California's fall from grace. Today, it's known for high taxes, bureaucrats, and leftwing billionaires. Is this a warning to the rest of America? Register now at Mises.org/CAHAPThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Iran War Spreads, & Here's What It Means For Gold Price The stock markets are down today in response to the latest escalation of the war in Iran, where Iran claims to have just attacked an oil tanker, which has sent the oil price soaring. Meanwhile, it's like the markets are still figuring out how this impacts the gold price. But fortunately Dr. Mark Thornton of The Mises Institute joins me to talk about what the Iran war will do to the gold market, and how to be prepared for what's coming So to find out more at this crucial time, click to watch this video now! - To get a free copy of the 'Hayek for the 21st Century' book Dr. Thornton referenced in his interview go to: https://mises.org/hayek21 To read Dr. Thornton's book 'The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century' go to: https://mises.org/library/book/skyscraper-curse-and-how-austrian-economists-predicted-every-major-economic-crisis-last-century - To find out more about the blowout 4th quarter earnings from First Majestic Silver go to: https://www.firstmajestic.com/investors/news-releases/first-majestic-reports-q4-2025-and-full-year-2025-financial-results-announces-quarterly-dividend-payment - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by First Majestic Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-first-majestic-silver/Subscribe to Arcadia Economics on Soundwise

Kinsella on Liberty Podcast: Episode 484. Praxeology, Property Rights & Bitcoin with Stephan Kinsella | Bitcoin Infinity Show #192. With Knut Svanholm. Recorded Jan. 20, 2026. My shownotes and transcript below. Knut's Shownotes: Stephan Kinsella joins the Bitcoin Infinity Show to talk about why praxeology is the hardest science in economics, how Austrian theory explains Bitcoin's unique monetary properties, and whether you can truly own a Bitcoin or merely act as if you do. The conversation covers the foundations of property rights and natural law, the subjective nature of fungibility, and what a hyperbitcoinized future might actually look like. Kinsella and Knut also explore why intellectual property restrictions threaten the very knowledge accumulation that makes humanity richer over time. https://youtu.be/lN9p6ZjCHMY?si=zKXfeG8aqe2eoGfy Segments: 00:00 Welcoming Stephan Kinsella 01:19 Bitcoin and Austrian Economics 05:51 The Importance of Praxeology 11:45 Understanding Human Action and Scarcity 20:50 Hoppe, Mises, Rand, Rothbard 27:29 Means and Ends 35:35 Natural Law and the Non-Aggression Principle 51:31 Crime and Punishment 59:44 The Bitcoin of It All 01:15:46 Bitcoin and the Austrian Perspective 01:21:39 Understanding Bitcoin's Scarcity and Value 01:30:19 Bitcoin and Interest Rates 01:39:31 Visions of the Future 01:46:59 The Future of Bitcoin and Society 01:51:26 Hyperbitcoinization 01:58:11 Wrapping Up Shownotes (Grok) Here are the complete shownotes for the podcast episode, structured with topical headings exactly as they appear in the original shownotes you provided, plus the cleaned-up details from the transcript (speakers, key points, approximate timestamps, and a concise summary of each segment for clarity). Kinsella on Liberty Podcast: Episode 484 Praxeology, Property Rights & Bitcoin with Stephan Kinsella | Bitcoin Infinity Show #192 With Knut Svanholm Recorded: January 20, 2026 Shownotes Stephan Kinsella joins Knut Svanholm on the Bitcoin Infinity Show to discuss why praxeology is the hardest and most rigorous science in economics, how Austrian theory illuminates Bitcoin's unique monetary properties, and whether one can truly "own" a Bitcoin or merely act as if they do. The conversation explores foundational property rights and natural law, the subjective nature of fungibility, visions of a hyperbitcoinized future, and why intellectual property restrictions hinder the knowledge accumulation that drives human prosperity. Segments 00:00 Welcoming Stephan Kinsella Knut introduces Stephan, mentions first seeing him on Robert Breedlove's show discussing IP, shares his own journey into Misesian thought via Bitcoin, and notes writing a beginner's book on praxeology to connect with Mises Institute people. 01:19 Bitcoin and Austrian Economics Discussion of how most enter Austrian economics via libertarianism, but a subset discovers libertarianism/Austrianism through Bitcoin. Stephan shares his Swedish freedom-oriented background and how Bitcoin finally pushed him into deep Mises/Rothbard/Hoppe study. They critique why many Bitcoiners dismiss praxeology as "optional" and explore the corruption of economics into pseudoscience (positivism, econometrics) over the last 70 years, leading to widespread distrust. 05:51 The Importance of Praxeology Stephan explains praxeology as the systematic study of the logic of human action in scarcity—essential because economics is unavoidable for understanding exchange and trade. He confesses early skepticism toward praxeology/epistemology as unnecessary jargon but later appreciated Mises's need for precise terms (praxeology, catallactics). Critiques modern cranks who invent excessive terminology and praises Mises's restraint. 11:45 Understanding Human Action and Scarcity Core of praxeology: purposeful action in scarcity requires purpose + knowledge + scarce means under control. All economic categories (profit/loss, opportunity cost, success/failure) are logically implied in action. Austrian economics unpacks this rationally; modern economics errs by forcing empirical/positivist methods (hypothesize-test-falsify) onto human action, which is misguided. Knut shares his school experience: hard sciences were about understanding, social sciences about memorization and unexamined "why"—praxeology felt like the true hard science for social phenomena. 20:50 Hoppe, Mises, Rand, Rothbard Hoppe's major contribution: bolstering Mises against Randian/Objectivist criticism of Kantian influence. Explains Randian aversion to Kant (skeptical interpretations), Mises's realist use of limited Kantian vocabulary (a priori categories), and how subjectivism in Austrian economics means value tied to purposeful action—not relativism. Hoppe shows praxeology bridges subjective experience and objective causal reality. Rothbard as Aristotelian/Thomist hybrid comfortable with Mises. 27:29 Means and Ends Exploration of hybrid subjective-objective nature of means and ends (rain dance example: subjectively believed, objectively ineffective). Hoppe on no intrinsic characteristics of goods—value depends on actor's valuation (links to Bitcoin fungibility debate: fungibility is subjective; nothing is perfectly fungible, but we treat units as homogeneous). Discussion of acting to shape future universes, competition, and skepticism of quantum multiverse ideas. 35:35 Natural Law and the Non-Aggression Principle Foundations of natural law/NAP: emerge from social living, empathy, division of labor, but scarcity creates conflict potential. Possession = factual control; ownership/rights = normative support justifying force against violators. Law guides when force is justified to stop aggression. Core private law rules: self-ownership, homesteading, contract. Psychopaths treated as technical problems (like lions)—not reasoned with if unresponsive. Hoppe's ATM robber anecdote illustrates occasional moral persuasion vs. force. 51:31 Crime and Punishment Rothbard's Ethics of Liberty: proportional punishment (up to double damage theoretically acceptable, but rarely applied). Stephan clarifies proportionality is required but not mechanical—subjective factors, doubt favors victim, juries/context needed. No formula fits every case; practical justice requires flexibility, burdens of proof, custom. Complexity of unseen harms (e.g., ongoing theft like taxes worse than one-time). Lysander Spooner highwayman analogy. 59:44 The Bitcoin of It All Knut's insight: Bitcoin scarcity via private key secret—control by keeping knowledge hidden, not true "ownership" of data (IP angle). One acts as if owning due to improbability of key compromise or protocol change. Stephan agrees: money only needs to be "good enough"; Bitcoin ~96% good money (better than gold/fiat flaws). Control via key better than physical possession—almost perfectly enforced "law." Gun-to-head scenario: attacker can't know total holdings. 1:15:46 Bitcoin and the Austrian Perspective Bitcoin as abstract ledger entry valued subjectively. Network effects + first-mover advantage. Regression theorem not violated—initial use value collectible (pizza transaction). Human action behind nodes/miners—anti-lie machine making cheating costlier than following. Tendency toward one money due to barter problems; Bitcoin's crypto advantages + longest chain/time make it dominant. 1:21:39 Understanding Bitcoin's Scarcity and Value Knut's "oneshot principle": absolute scarcity + decentralization was a discovery; replicating resistance to replication knowingly is pointless. Bitcoin = "chess" of money—network lock-in. Forks (Cash/SV) fail because changes (e.g., larger blocks) increase node costs → faster centralization. Plan B stock-to-flow model critiqued as subjective value makes predictions unreliable; Bitcoin price can rise indefinitely with productivity ("everything / 21M"). 1:30:19 Bitcoin and Interest Rates Saifedean Ammous's storage-cost theory: in gold standard, very low interest rates could make lending (even negative) preferable to holding due to storage costs. Stephan: plausible for gold (physical costs/risks), but Bitcoin holding cost near-zero → likely always positive interest. In Bitcoin world, artificial low rates vanish; natural rates possibly higher, lower time preference, less borrowing for consumption, more saving/investing. 1:39:31 Visions of the Future Knut: scaling via fewer transactions (bundling, trust, lifetime subs), less consumerism, quality over quantity, less materialism. Expensive to be poor in fiat; Bitcoin incentivizes trust/family-like exchange. Lightning/sub-satoshis handle divisibility—no need for protocol decimal changes. Off-chain trust reduces on-chain load. 1:46:59 The Future of Bitcoin and Society Post-plateau: diversification needed (can't hold 100% money due to risk). Productivity gains (3–15%+ in freer Bitcoin economy) still incentivize hodling/saving. Ever-decreasing supply (losses, burning) + rising demand → perpetual upward pressure. Combined with AI/robotics → unimaginable abundance if survived. 1:51:26 Hyperbitcoinization Gradual like English becoming Europe's second language—younger generations adopt naturally. Cycles for decades, then up forever until fiat dies. Reduces war funding (fiat enables). Hope rational; logic-driven, not activism-dependent. White Pill parallel: authoritarianism collapses under own weight. Long-term optimism for human future. 1:58:11 Wrapping Up Stephan promotes his IP work, libertarian book, upcoming Rothbard 100 essays (March 2 release), Universal Principles of Liberty project, Property and Freedom Society Bodrum meeting (September). Bitcoin conference mentions (BTC Prague, El Salvador, potential Helsinki BTC Hell). Mutual appreciation, plans to meet, end with thanks. Let me know if you'd like any section expanded, condensed, or additional details (e.g., key quotes per segment).

This week, Jason Bassler, Matt Agorist, and Don Via, Jr. welcomed Dave Benner to the podcast. Dave is a historian, author, and contributor to platforms like The Tenth Amendment Center, the Mises Institute, and the Abbeville Institute. He has penned essential books such as Thomas Paine: A Lifetime of Radicalism, Compact of the Republic: The League of States and the Constitution, and The 14th Amendment and the Incorporation Doctrine. A staunch advocate of Jeffersonian principles, Dave is an outspoken critic of centralized authority and federal overreach, offering an insightful historical lens to today's most pressing issues. The conversation begins by examining the current administration's increasingly aggressive posture toward Iran, which Dave argues is bringing the U.S. closer to the brink of a hot war. This leads into a deep dive regarding the curious rebranding of Jeffrey Epstein as a Russian intelligence asset. Dave provides a brilliant analysis of why the "Russia" label is being used as a desperate limited hangout to protect the domestic and allied intelligence agencies that actually facilitated Epstein's operation. We clarify that critiquing the state's narrative doesn't make one a friend to foreign criminals like Putin, but rather highlights how the establishment uses foreign boogeymen to shield itself from a true domestic reckoning. The episode then shifts gears to the absolute "clown show" in D.C. involving Pam Bondi and the Epstein files. We discuss how Thomas Massie caught the DOJ red-handed redacting the names of powerful co-conspirators like Les Wexner while simultaneously leaking the private information of victims. Bondi's dismissive claims of "Trump Derangement Syndrome" serve as a perfect example of using partisan loyalty as a human shield to block accountability for a pedophile ring. We also touch on the case of Nancy Guthrie, which served as a massive media distraction while exposing a terrifying surveillance reality: the FBI's admission of pulling data from disconnected, unsubscribed cameras. Finally, we look at the role of Palantir and the elite's view of the public, before Dave offers a powerful "White Pill" by grounding our current struggle in the historical importance of decentralization and the path for individuals to reclaim their sovereignty. (Length: 1:04:49) Click Here to Support TFTP. Dave on Twitter: https://x.com/dbenner83 Dave's Liberty Vault on YouTube: https://www.youtube.com/@Liberty-Vault

Joshua Mawhorter joins Ryan and Connor to talk about the dueling Super Bowl Halftime Shows, the latest jobs report, and Trump's deadly and counterproductive deportation operation in Minnesota.Don't forget, the Mises Institute's first event is coming up on February 21st in Oklahoma City. Join us for a look at Entrepreneurship Beyond Politics.Are you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. Click here for more details.

Ryan McMaken of the Mises Institute and Christopher Calton of the Independent Institute talk about why politicians want higher home prices. Even Trump now admits he wants higher home prices, and it's because older voters want their asset prices to go up forever. 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

Ryan McMaken of the Mises Institute and Christopher Calton of the Independent Institute talk about why politicians want higher home prices. Even Trump now admits he wants higher home prices, and it's because older voters want their asset prices to go up forever. 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

We welcome back Ryan McMaken, editor-in-chief at the Mises Institute, to examine whether the state is a friend or a foe of families today. With birth rates steadily declining and many struggling to make ends meet, evidence suggests that families are in trouble. Is the federal government part of the solution or part of the problem? Show Notes Why “Pro-Family” Government Programs Don't Increase the Fertility Rate Families Are the Key to Building Alternatives to the State Catholic Marriages in the USA Have Declined by 60% Since 2000 Hannah's Children: The Women Quietly Defying the Birth Dearth by Dr. Catherine Pakaluk The 2 reasons totalitarian states detest the Church iCatholic Mobile The Station of the Cross Merchandise - Use Coupon Code 14STATIONS for 10% off | Catholic to the Max Read Fr. McTeigue's Written Works! "Let's Take A Closer Look" with Fr. Robert McTeigue, S.J. | Full Series Playlist Listen to Fr. McTeigue's Preaching! | Herald of the Gospel Sermons Podcast on Spotify Visit Fr. McTeigue's Website | Herald of the Gospel Questions? Comments? Feedback? Ask Father!

On this episode of Power and Market, Ryan, Connor, and Tho discuss the fallout from the release of the Epstein Files and what it means for how the masses view the elite.Don't forget, the Mises Institute's first event is coming up on February 21st in Oklahoma City. Join us for a look at Entrepreneurship Beyond Politics.Are you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. Click here for more details.

In this special episode, Mark Thornton presents a timely interview with Elijah K. Johnson that underscores how quickly “melt-ups” can flip into sharp corrections. Mark frames the discussion around three themes: why investors should temper expectations after a major run-up; why political and financial elites will move aggressively to protect their interests when markets wobble; and why soaring gold and silver prices (however tempting) ultimately signal deeper economic and social distress rather than a clean “win” for the private sector.Join us for the Mises Institute's first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: "Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City." Register today at https://mises.org/okcOrder a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues

On the latest episode of Minor Issues, Mark Thornton explains why the modern discussion of the division of labor is distorted by bad theory and political incentives. Mark contrasts Adam Smith's view with the Austrian tradition—especially Mises's—where the division of labor is driven and continuously reorganized by entrepreneurial judgment under uncertainty, disciplined by profit and loss. Mark also shows why technocrats and social engineers love an entrepreneur-less story of specialization, why Marxists found support in Smith's labor-theory drift, and why the real gains from specialization depend on individual differences that markets harmonize through exchange.Enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026See “The Division of Labor Is at the Very Core of Economic Growth” by Per Bylund in The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno: https://mises.org/MI_160_AJoin us for the Mises Institute's first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: "Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City." Register today at https://mises.org/okcOrder a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues

Dr. Jonathan Newman joins Tho and Connor to discuss Jerome Powell's favorite type of FOMC meeting: a boring one. No cuts, no concerns, no drama in the eyes of the soon-to-be-former Fed Chair. On this episode, we try to bust his bubble on this episode of Power and Market.Don't forget, the Mises Institute's first event is coming up on February 21st in Oklahoma City. Join us for a look at Entrepreneurship Beyond Politics.Are you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. Click here for more details.

Bob Murphy is a Senior Fellow at the Mises Institute and Chief Economist at Infineon. In this conversation, we discuss Federal Reserve policy, tariffs, and what's really happening in the U.S. economy. We break down the housing market, inflation, and what it all means for your wallet—plus Bob's Austrian economics perspective on gold, bitcoin, and the road ahead.=======================BitcoinIRA: Buy, sell, and swap 80+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $1,000 in rewards.=======================As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.=======================0:00 – Intro1:52 – Why gold has outperformed bitcoin5:06 – Fed vs White House: power, politics, & “independence”17:03 – Tariffs, trade deficits, & inflation outlook22:06 – Stablecoins: why they matter & key risks28:34 – Economic data: what to trust?

On the latest episode of Minor Issues, Mark Thornton shares an in-depth interview with Jeremy McKeown of In the Company of Mavericks on the long rivalry between Austrian and Keynesian economics, and why Austrian ideas may be gaining new traction today. They trace how Austrian economics moved from a small academic outpost to a wider public audience, touching on the Mises Institute's role, the influence of figures like Roger Garrison and Ron Paul, and the ways online media and “alternative finance” have helped spread Austrian perspectives.We're entering the final week to enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026Join us for the Mises Institute's first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: "Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City." Register today at https://mises.org/okcOrder a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues

On this episode of Power and Market, Ryan, Connor, and Tho look at the headlines coming out of Davos, including Mark Carney's speech calling out the lie of a "rules-based international order," the European reaction to Trump's plans for Greenland, and the political fallout on both sides of the Atlantic.Don't forget, the Mises Institute's first event is coming up on February 21st in Oklahoma City. Join us for a look at Entrepreneurship Beyond Politics.Are you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. Click here for more details.

Bob talks with Dr. Peter Klein about the recent U.S. operation in Venezuela and the social-media backlash against “international law,” using it as a springboard to clarify what law is, how it can exist without a world government, and why Austrians care about polycentric legal orders.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Federal prosecutors say arrests tied to California's homeless services are just beginning after investigators – tipped off by a viral Nick Shirley video – uncovered fraud across multiple states. President Trump has accused California of corruption even worse than Minnesota's multibillion dollar scandal. US Attorney Bill Essayli alleges that real estate executives stole millions from pandemic-era programs, with dozens of active probes underway. Meanwhile, in the wake of the Palisades wildfires, CA Gov. Gavin Newsom is requesting (even more) billions of dollars of federal disaster aid – leaving many CA residents to wonder where their tax dollars have been going. David Freiheit, known as Viva Frei, is an attorney and commentator who hosts The Viva Frei Show on Rumble and Locals. He cohosts Viva & Barnes Live with attorney Robert Barnes. Follow at https://x.com/TheVivaFrei Peter St. Onge, Ph.D. is Senior Economist at the Heritage Foundation, former Fellow at the Mises Institute, and a professor at Feng Chia University in Taiwan. He hosts the Peter St. Onge audio podcast and publishes daily videos on economics and freedom. Follow at https://x.com/profstonge⠀Hailey Grace Gomez is the West Coast Reporter for the Daily Caller. She covers California politics and national stories. Follow at https://x.com/haileyggomez 「 SUPPORT OUR SPONSORS 」 • AUGUSTA PRECIOUS METALS – Thousands of Americans are moving portions of their retirement into physical gold & silver. Learn more in this 3-minute report from our friends at Augusta Precious Metals: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://drdrew.com/gold⁠⁠⁠⁠⁠⁠⁠⁠⁠ or text DREW to 35052 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• FATTY15 – The future of essential fatty acids is here! Strengthen your cells against age-related breakdown with Fatty15. Get 15% off a 90-day Starter Kit Subscription at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://drdrew.com/fatty15⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • PALEOVALLEY - "Paleovalley has a wide variety of extraordinary products that are both healthful and delicious,” says Dr. Drew. "I am a huge fan of this brand and know you'll love it too!” Get 15% off your first order at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://drdrew.com/paleovalley⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • VSHREDMD – Formulated by Dr. Drew: The Science of Cellular Health + World-Class Training Programs, Premium Content, and 1-1 Training with Certified V Shred Coaches! More at https://drdrew.com/vshredmd • THE WELLNESS COMPANY - Counteract harmful spike proteins with TWC's Signature Series Spike Support Formula containing nattokinase and selenium. Learn more about TWC's supplements at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twc.health/drew⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 「 ABOUT THE SHOW 」 Ask Dr. Drew is produced by Kaleb Nation (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kalebnation.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) and Susan Pinsky (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/firstladyoflov⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠e⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). This show is for entertainment and/or informational purposes only, and is not a substitute for medical advice, diagnosis, or treatment. Executive Producers • Kaleb Nation - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kalebnation.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • Susan Pinsky - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/firstladyoflove⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Content Producer & Booking • Emily Barsh - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/emilytvproducer⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Hosted By • Dr. Drew Pinsky - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/drdrew⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Bob uses three recent controversies–Richard Murphy's “Christmas all year” claim, Elon Musk's net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app:  https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute:  https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Thornton of the Mises Institute joins the show to talk about the state of the economy, the boom bust cycle and why anybody—left, right, and center—who cares about the wellbeing of the working class needs to oppose the existence of the Federal Reserve. Discussed on the show: “The Seven Deadly Economic Sins” (Mises.org) The Minor Issues Podcast Mark Thornton is a senior fellow at the Mises Institute. His most recent book is The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century. Follow him on Twitter @DrMarkThornton Audio cleaned up with the Podsworth app:  https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute:  https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow Learn more about your ad choices. Visit megaphone.fm/adchoices