Podcasts about mises university

Where does money come from? Sandy Klein walks through the Mengerian answer: not from a king's decree or a social contract, but spontaneously, as traders gravitated to the most saleable good until one commodity became universally accepted. Along the way she shows why barter can't sustain a real economy, why gold and silver kept winning out, and why—following Rothbard—there's no such thing as an "optimal" money supply.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Why is a lecture on banking scheduled for the very first day of Mises University? Because, Jonathan Newman argues, banking is where money gets strange. Following Rothbard's Mystery of Banking, he separates the two things a bank can do—safekeeping your deposits and lending out savings—and shows that neither one expands the money supply. The trouble begins when a bank promises your deposit is available on demand while quietly lending most of it away.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Opening the 40th Mises University, Professor Hülsmann tells how the Austrian school came back from near-extinction—and why Mises U was central to its revival. Drawing on his own front-row experience, he traces the network of scholars who trained in Auburn and then carried Austrian economics across Europe, from Madrid to Prague to Vilnius.Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2025. Sponsored by Olivier Pinson. Includes a welcome and introduction by Joseph T. Salerno.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

In the opening lecture of Mises University, Joseph Salerno returns to 1871, when Carl Menger's Principles of Economics launched the Austrian school. Salerno shows how Menger's law of marginal utility solved the ancient "paradox of value"—why life-giving water is cheap and useless diamonds dear—and, in doing so, moved economics away from the classical focus on the businessman and cost, and toward the acting, wanting human being.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

David Gordon lays out praxeology—the science of human action—and the deductive method that sets Austrian economics apart. With characteristic wit, he distinguishes valid arguments from sound ones, weighs Rothbard's "it's just self-evident" grounding of the action axiom against Mises's a priori approach, and shows why economic truths deduced by pure logic can still be genuinely surprising.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jeffrey Herbener builds Austrian price theory from the ground up—starting with the single acting person weighing ends against means, and arriving at Mises's calculation argument. Value is purely subjective, he shows, so no producer can gauge whether he's serving consumers well by feeling alone. What makes economizing across a division of labor possible is money prices—and the profit-and-loss accounting they enable.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Is a market economy a war of all against all, or the very thing that makes peace possible? Shawn Ritenour makes the Misesian case for the latter. Building from specialization and the law of comparative advantage—why even a person outdone at everything still has a place—he shows how the division of labor turns our inequalities into the glue of society, and why the only way to profit in a market is to serve someone else first.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Why teach entrepreneurship on the first day of Mises University? Because for the Austrians, Peter Klein argues, entrepreneurs aren't niche figures from the world of startups and venture capital—they're the driving force of the entire market. Following Mises, Klein defines entrepreneurship as the bearing of uncertainty: the act of combining land, labor, and capital in advance of an unknown payoff. It's not a personality trait or an industry, but a fundamental category of human action.Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

On this episode of Power and Market, Ryan, Tho, and Connor discuss the death of Lindsey Graham, the questions around Mitch McConnell, and provide a preview of next week's Mises University.

Jeff is the former president of Mises University and currently works for Monetary Metals.https://x.com/jeffdeistFollow me everywhere:https://linktr.ee/KyleMatovcikTiger Fitness! Use code "KYLE" at checkout!https://www.tigerfitness.com/KyleMFox N' Sons Coffee!Https://www.foxnsons.comUse code KYLE at checkoutGet DEEMED FIT clothing! Use code "SARAHM25" at checkouthttps://deemedfit.co/?ref=bihbnoap&fb.

Tho Bishop and Connor O'Keeffe sat down with Mises Summer Fellow David Brady, Jr. during Mises University last week to discuss the summer fellowship, his research project on the Old Right, and the Mises Institute's student programs more broadly.For more information and to subscribe, visit https://Mises.org/P&MPod

Recorded live at the 2025 Mises University, Bob talks to PhD student Jason Priddle to understand the Genius Act—a landmark piece of legislation aimed at regulating stablecoins. They examine the broader implications of the Genius Act for monetary stability, fractional reserve banking, and the future of financial privacy.Understanding Money Mechanics: Mises.org/HAP510aThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Recorded live at the 2025 Mises University, Bob talks to PhD student Jason Priddle to understand the Genius Act—a landmark piece of legislation aimed at regulating stablecoins. They examine the broader implications of the Genius Act for monetary stability, fractional reserve banking, and the future of financial privacy.Understanding Money Mechanics: Mises.org/HAP510aThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Daniella Bassi tells the remarkable story of the Arctic fur trade as a real-world case study in stateless order. In early 20th-century northern Canada, Inuit and European traders conducted peaceful, prosperous exchange, without government law or enforcement, guided instead by mutual respect, property rights, and natural law.Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Lucas Engelhardt explores the economics of interventionism, tracing Ludwig von Mises's core argument that state interference in markets is both self-defeating and inherently unstable. Building on insights from Rothbard, Ikeda, and Higgs, Engelhardt examines why interventionism persists despite its failures, and whether we are, in fact, on the road to socialism or stuck in a stable middle ground.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Timothy Terrell challenges the mainstream view that markets fail to protect the environment, arguing instead that government intervention often distorts land use, fuels cronyism, and undermines conservation. Drawing on Austrian insights, historical examples, and striking contrasts in land management outcomes, Terrell makes the case for property rights and market-based stewardship as the true path to sustainability.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Is economic inequality really the crisis it's made out to be, or is it a misunderstood feature of a healthy, free market society? Mark Thornton dismantles the modern obsession with equality, exposing the statist assumptions behind popular narratives and showing how capital accumulation, entrepreneurship, and individual differences drive prosperity. This is the Austrian answer to egalitarian myths.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Paul Cwik and Shawn Ritenour revisit the often-overlooked "forgotten Austrians" who extended Mengerian economics beyond Vienna. From Wicksteed and Fetter to Strigl and Smart, this session highlights how the early Austrian tradition flourished across borders, until it was eclipsed by Walrasian formalism and Anglo-American Marshallianism.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Tim Terrell offers a critical examination of higher education's economic structure, exploring how federal subsidies, credential inflation, and misaligned incentives have driven rising costs and declining academic rigor. Drawing on Austrian insights, he questions whether universities still serve their educational mission, or have become consumption-driven institutions shaped by bureaucratic interests and distorted signals.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Lucas Engelhardt challenges conventional applications of game theory by integrating the Austrian perspective on entrepreneurship, showing how creative action can resolve apparent economic impasses like the prisoner's dilemma, the tragedy of the commons, and coordination failures.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Bob Murphy and Jonathan Newman take on the rising popularity of Modern Monetary Theory and explain why it stands in direct opposition to Austrian economics. Using clips from the documentary Finding the Money, they critique MMT's core assumptions, from government spending and deficit myths to the origins of money itself. They offer historical evidence, economic logic, and biting rebuttals to MMT's claims, exposing its flaws and clarifying what's really at stake in today's monetary debates.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Through a detailed, real-time narrative, Tom Woods examines the inconsistencies, unintended consequences, and bureaucratic incentives behind lockdowns, mask mandates, and public health messaging. Supplemented by empirical data and firsthand accounts, the lecture highlights the human and institutional costs of the crisis response, while underscoring the Mises Institute's principled opposition to prevailing narratives.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Bob Murphy examines Henry Hazlitt's treatment of inflation in Economics in One Lesson, highlighting key insights on monetary expansion, Cantillon effects, and the distinction between nominal and real variables. The lecture offers a clear, Austrian perspective on why inflation distorts rather than enriches, and why its consequences are uneven and often misunderstood.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Tate Fegley analyzes the deep state through the lens of Austrian economics, showing how bureaucratic insulation, lack of economic calculation, and political incentives lead to cronyism and inefficiency. Focusing on defense procurement and media influence, he argues that systemic dysfunction—not bad actors—is the primary driver of deep state behavior.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Sandra Klein takes on dwarf-tossing, horse meat, and human organ sales to show how moral squeamishness isn't a market failure, it's just a preference.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Timothy Terrell tackles the most common objections to capitalism, from inequality myths to profit “villainy,” and offers a principled, empirical defense of market institutions and voluntary exchange.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Are markets a friend to minorities? Economist Walter Williams thought so, and Wanjiru Njoya explains why. Her lecture cuts through critical race theory dogma to show how liberty, not legislation, lifts up the marginalized.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Patrick Newman offers a Rothbardian critique of the US Constitution, arguing that rather than establishing a framework for limited government and individual liberty, it was crafted to centralize political power and protect elite economic interests. Drawing from the Austrian tradition and historical analysis, the lecture challenges the prevailing narrative of the Constitution as a purely libertarian founding document.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Inflation isn't just about rising prices. It's a systematic distortion of economic signals, fueling inequality, eroding social mobility, and undermining real growth.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Tate Fegley examines how the structure of state-run police departments—lacking profit-and-loss mechanisms—leads to systemic inefficiencies, distorted incentives, and unaccountable authority within the public sector.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Shawn Ritenour critiques mainstream growth models that emphasize abstract inputs like capital accumulation and technological innovation, arguing instead for a human-centered approach rooted in Austrian economics. He emphasizes the foundational roles of entrepreneurship, time preference, the division of labor, and sound monetary institutions in fostering sustainable economic development.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

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

The minimum wage is harmful, racist, sexist, and completely unnecessary.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

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

A modern socialist economy is impossible.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Dr. Jeffrey Herbener explains how time preference shapes interest rates, production, and investment, making time central to economic coordination and prosperity.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Paul Cwik unpacks Austrian Business Cycle Theory, explaining how artificial credit expansion triggers unsustainable booms and inevitable busts. He walks through models of savings, investment, and the structure of production to reveal how interest rate manipulation distorts the economy, and why liquidation and recovery are both necessary and painful.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Competition is a relentless, dynamic process of entrepreneurship and discovery. Tom DiLorenzo exposes how antitrust laws, rooted in flawed theories of monopoly and “perfect competition,” have served as government tools to punish success, stifle innovation, and prop up politically favored monopoliesRecorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Patrick Newman introduces Austrian capital theory: how savings, time, and production structures drive economic growth. Without capital goods and roundabout production, we'd still be living like primitive hunters, and without savings, growth halts altogether.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

"The word praxeology can be used in two different ways. One is for a science of human action, as developed by Ludwig von Mises and his successors, principally Murray Rothbard. And the other is for the deductive method used in the science of human action."Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Professor Salerno traces the birth of the Austrian School to Carl Menger's revolutionary insight: prices emerge from human wants, choices, and the subjective value of each unit consumed.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation. He also explains why a 100% reserve system could prevent crises, and why no one on Wall Street wants that to happen.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Dr. Sandy Klein walks through the origins and essential functions of money, showing how barter's pitfalls led to the spontaneous emergence of money as a medium of exchange. She explains Menger's and Mises's insights into money's evolution, why gold and silver prevailed, and how inflation and counterfeiting distort economies.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jeffrey Herbener explains how Austrian price theory reveals the logic of voluntary exchange and subjective value, and why market prices emerge not from production costs, but from personal preferences and economizing choices.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

The right dismisses economics at its peril. Tom Woods shows why Austrian economics holds the key to solving the very cultural and economic crises that MAGA claims to care about.Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

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

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

Live at Mises University in Auburn Alabama, Ryan McMaken and Tho Bishop look at the methods of radical libertarians in light of Rothbard's essay on revolution.“The Meaning of Revolution” by Murray Rothbard: https://Mises.org/RR_197_AGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

Recorded in front of a live audience at the 2024 Mises University, Bob discusses recent market turbulence with Mark Thornton. They also delve into the Skyscraper theory and the practicality of the Austrian Business Cycle Theory.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstreamDr. Thornton's Minor Issues Episode on the Inverted Yield Curve: Mises.org/HAP459aThe Skyscraper Curse: Mises.org/HAP459bDr. Thornton's Article From 2004 on the Housing Market: Mises.org/HAP459cThe Inverted Yield Curve from Understanding Money Mechanics: Mises.org/HAP459dBob's Econlib Article on Fiscal Austerity and Tax Rates: Mises.org/HAP459eJoin Peter Klein and Ryan McMaken in Albuquerque, New Mexico for a Mises event on strategy, economics, and decentralization of power. Register now: Mises.org/NM24The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree