Podcast appearances and mentions of Murray Rothbard

The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.Original article: https://mises.org/mises-wire/penal-leviathan-what-wacquant-and-rothbard-reveal-about-modern-punishment

Contained within Rothbard's multi-volume history of the American Revolution, Conceived in Liberty, is an extended argument against the dominant conservative narrative on the American Revolution and the French Revolution. Original article: https://mises.org/mises-wire/rothbard-vs-conservatives-american-and-french-revolutions

Kinsella on Liberty Podcast: Episode 495. Lecture, "Rothbard's Revolutionary Contract Theory," "Liberté Tribute to Rothbard on his Centenary: Rothbard 100: A Legacy for Future Generations," Sociedad de la Libertad Latam (SdL) (a Latin American think tank based in Lima, Peru) and the 5th American Youth for Liberty Forum (Aug. 12, 2026, International Youth Day; via Youtube).  Attendees  included young people with a background in libertarian thought from Bolivia, Argentina, Peru, Chile, Uruguay, Paraguay, Colombia, Ecuador, Guatemala, and Mexico. The speech was my English language talk interspersed with a Spanish translation by the moderator, Rosa María Apaza, Presidente SDL LATAM. https://www.youtube.com/live/CwVbyai6es4?si=vnnBw4gMTW4oMTt3 The speech I read from is below, along with other information about this event. Related KOL493 | Rothbard's Greatest Hits: A Personal Mix Tape (Porto, Portugal) “The Title-Transfer Theory of Contract” A Libertarian Theory of Contract: Title Transfer, Binding Promises, and Inalienability, ch. 9 in Legal Foundations of a Free Society (Houston, Texas: Papinian Press, 2023) KOL225 | Reflections on the Theory of Contract (PFS 2017) KOL197 | Tom Woods Show: The Central Rothbard Contribution I Overlooked, and Why It Matters: The Rothbard-Evers Title-Transfer Theory of Contract KOL020 | “Libertarian Legal Theory: Property, Conflict, and Society: Lecture 3: Applications I: Legal Systems, Contract, Fraud” (Mises Academy, 2011)  around Slide 16: slides here KOL146 | Interview of Williamson Evers on the Title-Transfer Theory of Contract https://www.instagram.com/reel/DbUXhjqqNwC/?igsh=MWxkMGg1YWd3ZzNreg== https://youtu.be/LSt3 Faltan 8 dias para disfrutar la ponencia de Stephan Kinsella en el Homenaje Liberté a Rothbard y el V Foro Americano Juventud en Libertad#DiaInternacionaldelaJuventud#12Ago Desde 10 am a 9 pm Perú via canal YT 36 speakers del continente VLLC! Tgs ONPE Alcaldia de Lima Corvetto pic.twitter.com/qTLmZDuMoL — SDLLATAM (@SDLPeru) August 5, 2026 https://www.youtube.com/live/CwVbyai6es4?si=Q70FouQ-TGBeovZI https://www.youtube.com/live/Ows6cjGVE8U?si=MjfnkVhOuXlrBzY3

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

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

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

Scott interviews Jeff Deist about the significance of Ron Paul, who Deist used to work for, as well as Murray Rothbard. They then discuss the challenges and opportunities that the movement both men helped create and lead faces going forward. Discussed on the show: The Great Deformation: The Corruption of Capitalism in America by David A. Stockman Rothbard at 100 “Appreciating Rothbard's Political Genius” (The Property and Freedom Society) I Hate Max Lerner by Murray Rothbard Jeff Deist is General Counsel of Monetary Metals. He previously worked as President of the Mises Institute, where he serves as a writer, public speaker, and advocate for property, markets, and civil society and as a longtime advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches. Follow him on X @jeffdeist.  Sign up for the Scott Horton Academy of Foreign Policy and Freedom at scotthortonacademy.com 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/43D82oY (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/4eMQblu Fool's Errand: Time to End the War in Afghanistan https://amzn.to/4a5fKvx 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: Tax Attorney Matt Sercely https://agoristtaxadvice.com; 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; Expat Money https://expatmoney.com/scott; and Crowdhealth https://www.joincrowdhealth.com/ (use promocode Horton) 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 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

 Download Audio. Scott interviews Jeff Deist about the significance of Ron Paul, who Deist used to work for, as well as Murray Rothbard. They then discuss the challenges and opportunities that the movement both men helped create and lead faces going forward. Discussed on the show: The Great Deformation: The Corruption of Capitalism in America by David A. Stockman Rothbard at 100 “Appreciating Rothbard's Political Genius” (The Property and Freedom Society) I Hate Max Lerner by Murray Rothbard Jeff Deist is General Counsel of Monetary Metals. He previously worked as President of the Mises Institute, where he serves as a writer, public speaker, and advocate for property, markets, and civil society and as a longtime advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches. Follow him on X @jeffdeist.  Sign up for the Scott Horton Academy of Foreign Policy and Freedom at scotthortonacademy.com 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/43D82oY (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/4eMQblu Fool's Errand: Time to End the War in Afghanistan https://amzn.to/4a5fKvx 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: Tax Attorney Matt Sercely https://agoristtaxadvice.com; 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; Expat Money https://expatmoney.com/scott; and Crowdhealth https://www.joincrowdhealth.com/ (use promocode Horton) 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 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!

The conceptual core of the essay. Rothbard answers the charge that gold advocates want government to fix a price by rejecting its premise—“dollar” was never an independent entity but a name for a weight of gold. He shows how money is properly obtained only through production, and argues that a bare name could never have arisen as money on a free market.

Rothbard places the 100 percent program in the classical economists and the currency school, and in the Jeffersonian and Jacksonian political tradition—figures he argues historians have miscast as economically ignorant agrarians. He credits Condy Raguet with seeing before the British that deposits are money substitutes too, and recovers the neglected Charles H. Carroll and Isaiah W. Sylvester.

The cardinal difference between Rothbard and most other gold advocates. He rejects the Chicago School's view of 100 percent reserves as a convenient tool for managing the money supply, grounding his case instead in property rights: notes and deposits are warehouse receipts, and issuing more than the goods on hand is legalized counterfeiting. He answers Spahr's bridge analogy and weighs the attractions of free banking.

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

Rothbard argues that 1931–33 was the last step in a long process rather than a sudden break. Government's compulsory monopoly of coinage came first, defended by fears of private fraud that the long record of official debasement makes hollow. He answers the Gresham's Law objection, then traces how the royal stamp shifted emphasis from a coin's weight to its name.

Rothbard declines both the fashionable dismissal of gold and the restorationist call to return to the pre-1933 standard, which he judges too far decayed to have lasted. He then states his ethical premise plainly: the free market, extended to money itself. Against the claim that money is whatever government says it is, he warns that command of the unit of account is command of the whole society.

Why governments prefer money creation to taxation: the benefits are plain to whoever receives the new money first, while the losses stay hidden from everyone else. Rothbard traces how the two natural checks on a bank—redemption by outsiders and a run by its own clients—were widened by central banking, by suspensions of specie payment, and by campaigns to shame the public out of using gold day to day.

Writing in 1991, Rothbard sets the essay in its original context: Bretton Woods as an international dollar standard masquerading as a gold standard. He contrasts it with the classical pre-1914 system, in which every currency was a defined weight of gold redeemable on demand, then recounts how the breakdowns of 1968 and 1971 tested Misesian predictions against an Establishment certain that gold would fall to $6 an ounce.

Leland Yeager, an advocate of freely fluctuating fiat money, concedes that a 100 percent gold standard would end reserve drains, forced contraction, and balance-of-payments anxiety—problems he attributes to fractional reserves rather than to gold. Rothbard quotes him at length, asks why he rejects what he has just praised, and pushes the reductio further: where exactly is the geographical boundary of a money?

Have you mapped out your investment strategy to fit into the future? In this episode of Pillars of Wealth Creation, Todd Dexheimer sits down with David Morgan from The Morgan Report to discuss how our money system is changing. Inflation has eroded the value of the dollar, and digital currency and technology are disrupting investing. David Morgan discusses the future of currency and how having a real plan with your money and your investing strategy will set you up for future success. We cover investing in hard assets like Gold, Silver, and Real Estate and how to protect your money from money devaluation. Favorite Book: What Has Government Done to Our Money? by Murray Rothbard. Pillars of Wealth Creation 1. Produce more than you can consume 2. Own, don't owe 3. Preserve what you build David Morgan is a globally recognized precious metals analyst, consultant, and publisher of The Morgan Report, a leading investment newsletter focused on building and preserving wealth through sound money principles. Author of The Silver Manifesto and producer of the documentary Silver Sunrise, he has been a guest on CNBC, Fox Business, Yahoo Finance, MSNBC, and BNN. If you would like to connect with David, visit the website: https://www.themorganreport.com/ YouTube: www.youtube.com/c/PillarsOfWealthCreation Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Listen to the audio version on your favorite podcast host: SoundCloud: https://soundcloud.com/user-650270376 Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835... Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ... iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../ CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation... Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0 Pandora: https://pandora.app.link/YUP21NxF3kb Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

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Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.Original article: https://mises.org/mises-wire/i-spent-28-years-arresting-criminals-rothbard-was-right-all-along

Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.Original article: https://mises.org/mises-wire/i-spent-28-years-arresting-criminals-rothbard-was-right-all-along

Reviewing Lawrence H. White's Free Banking in Britain, Murray Rothbard dismantles the claim that Scotland enjoyed a century of successful free banking before the Peel Act of 1845. Drawing on Sydney Checkland's history, he shows that the Scottish banks pyramided credit on the Bank of England rather than standing on their own specie, suspended payment alongside England from 1797 to 1821, and let reserves fall from 10–20 percent to as little as 1 percent, while depositors who asked for gold met argument, rebuff, and the threat of losing future credit. The rarity of bank failure that White counts as proof of success, Rothbard argues, is evidence of the opposite.

Description: Four talks from Rothbard's centenary celebration last month in Porto:Ammous: Rothbard on PalestineHoppe: Hurdles, Obstacles, and Surprises on the Road to RothbardianismKinsella: Rothbard's Greatest HitsDe Mombynes: Rothbard & BitcoinThe accompanying book, Rothbard at 100, is available from TheSaifHouse.com

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

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

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Murray N . Rothbard: The Making of an Austrian Economist is written for everyone interested in Rothbard's economic theory and Austrian economics in general. We hope it will serve as a useful complementary volume to Man, Economy, and State by elucidating Rothbard's many contributions and the process by which he developed an integrated structure of economic theory using the praxeological method.

Murray Rothbard started his career with a foundational training in neoclassical economics. At Columbia University, he learned from highly regarded professors and demonstrated a thorough understanding of the positivist method, Keynesian and Marshallian economic theory, and institutional empirical analysis. Crucially, Rothbard perceived the fact that critical errors existed in these disparate strands of knowledge, although he could not yet articulate them. But the recognition itself motivated him to take the highly important step of contacting the free-market Foundation for Economic Education and the William Volker Fund, thereby discovering Austrian economics.

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

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

Murray Rothbard used his general-equilibrium approach with its emphasis on economic interrelations to erect a systematic framework of interventionism. He started by elaborating further on the concept of the purely free market and developing a comprehensive welfare theory. He then proceeded to create a typology of government policy, formulate a novel theory of monopoly that distinguishes between a monopoly price and a free-market price, develop an original theory of backward tax imputation, and analyze the calculational chaos caused by government expenditure. The capstone of Rothbard's analysis of interventionism was his integration of the Mises–Hayek theory of the business cycle into general economic theory. Rothbard was thus able to demonstrate how the boom could result only from credit expansion and not from an increase in the supply of commodity money such as gold. He also demonstrated how credit contraction during the bust promotes recovery. With these advances in the Austrian theory of the business cycle, Rothbard finally completed the monumental task of deducing the entire corpus of economic theory using the praxeological method.

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

Egalitarians assume people would be equal but for oppression or the random hand of luck, and that where injustice can't be shown, luck alone justifies equalizing by force. Joshua Mawhorter turns the presupposition around. Drawing on Rothbard's Egalitarianism: A Revolt Against Nature and Sowell's Discrimination and Disparities, he argues that inequality is the normal condition of a world of scarcity, change, time, and choice; that it is precisely what makes exchange possible; and that the only equality worth defending is equality of liberty under the rule of law.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

On the 250th anniversary of the American Revolution, the French Revolution is being re-litigated again—the left holding it up as necessary progress, conservatives citing Burke to argue it proves free-market ideas end in blood. Ryan McMaken, drawing on Rothbard and Ralph Raico, rejects both. Liberalism's role, he argues, was small and confined to the revolution's first months; what followed owed nothing to Jefferson and everything to three forces—the extreme centralization of the French state, twenty-five years of war, and a revolutionary regime that simply replaced the old bureaucracy with a harsher one while keeping every lever of power intact. The real mirror of the American Revolution wasn't the revolution at all, but the decentralist, secessionist peasants of the Vendée it crushed.Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Dr. Wanjiru Njoya argues that private property is the indispensable cornerstone of liberty and civilization, and that anti-discrimination laws—however well-intentioned—are a form of aggression against property that nudges society along the continuum toward socialism. Drawing on Rothbard, Hoppe, and Mises, she defends property rights as absolute, carefully distinguishes political philosophy from personal morality, and warns that eroding property will, in Mises's words, cause civilization itself to perish.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Mark Thornton turns Austrian analysis on economic inequality itself—not whether the pie is growing, but how government intervention re-slices it. Drawing on Rothbard's distinction between specific and general factors of production, he shows the mechanism: any protection, license, tariff, or subsidy enriches the insiders of the favored industry while forcing the displaced resources out into the unprotected economy, where they compete down everyone else's wages and returns. He works the logic through healthcare, and frames the whole thing around the rise of democratic socialism in America's cities—arguing the young are right to be angry about the debt, Social Security, and unaffordable healthcare their elders voted in, even as the socialist cure would deepen the disease.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Patrick Newman presents the book he and Joseph Salerno have written, Murray N. Rothbard: The Making of an Austrian Economist. He traces Rothbard's path from a Columbia PhD steeped in the neoclassical synthesis, through his 1949 encounter with Mises and Human Action, to the writing of Man, Economy, and State—a project that began as a beginner's textbook and grew into the treatise that stands beside Human Action at the core of the Austrian tradition. Along the way: Rothbard's neglected theory of production, his reconstruction of welfare economics, and Mises's own remarkable assessment of his heir.Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Austrian economics did not begin in 1871. Mark Thornton traces its lineage back through the thinkers the mainstream dismisses: the Spanish Scholastics, who worked out subjective value and the effects of inflation while dismantling the case against usury; the anti-mercantilists who told Louis XIV to abolish his taxes; the Physiocrats; and above all Richard Cantillon, whom Rothbard called the father of modern economics. Drawing on twenty-five years of his own research, Thornton makes the case for why the history of economic thought is not antiquarianism but a laboratory—and notes that the good ideas tend to appear precisely when the state grows tyrannical, overtaxes, and overspends.Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Drawing on his forthcoming book on environmental economics from an Austrian perspective, Timothy Terrell takes apart the standard case for environmental intervention. Following Roy Cordato and Rothbard, he argues the "best use" of a natural resource is not something a planner can determine—it's discovered through profit and loss—which leaves us unable to judge whether any given policy moves us toward or away from what people actually value. He then examines the two main attempts to price the environment without markets, contingent valuation and hedonics, and shows why both founder on subjective value and interpersonal utility comparisons. He closes with the history of federal land conservation, where Gifford Pinchot's Bureau of Forestry, the timber companies, and the land-grant railroads all found the same policy convenient.Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

With New York reviving a citywide rent freeze, Joseph Salerno returns to the economics of price controls. Following Mises and Rothbard, he shows how a single cap—on milk, say—triggers shortages that pull in control after control until the state is planning everything. He tells the story of postwar Germany, starving under price controls until Ludwig Erhard abolished them in a stroke, and then traces the surprising long-run damage of rent control: not just housing shortages, but frozen mobility, decaying buildings, black markets, and even more discrimination.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

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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.

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.

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

Democratic socialists insist the horrors of the twentieth century were a betrayal of their ideal—that their version would be staffed by good people, to good ends. In this 1977 essay, Murray Rothbard argues the brutality is inherent in the system, not the personnel, which makes "humanistic" or "democratic" socialism a contradiction in terms.Originally published in the Libertarian Review.

Murray Rothbard saw government as a predatory, criminal entity and the Microsoft lawsuit of 1998 proved to be a classic example of government organized crime in action.Original article: https://mises.org/mises-wire/rothbards-definition-government-organized-crime-microsoft-antitrust-case

Ancap Tim returns to discuss his new album, It's Not Left vs. Right, and the story behind the song inspired by the phrase, “Sometimes being a good Christian means being a bad Roman.” Drawing from his life as a musician, homesteader, homeschooling father, and Christian anarchist, Tim explains why allegiance to Jesus must come before allegiance to government, party, or nation. This is not a call to become more anti-government. It is a call to become more like Christ.   They dig into: The story behind “Sometimes Being a Good Christian Means Being a Bad Roman” Why Matthew 20:25–28 challenges domination and political power How love offers an alternative to coercion Why Christian discipleship must remain voluntary The difference between the Kingdom of God and the kingdoms of this world How music, humor, homesteading, and ordinary faithfulness can become acts of resistance Can Christians seek power over their neighbors while following a King who knelt to wash feet? Can love be commanded, enforced, or legislated? What does “Not so with you” mean in a church shaped by political fear and tribal loyalty? Let's talk about it.

Murray Rothbard saw government as a predatory, criminal entity and the Microsoft lawsuit of 1998 proved to be a classic example of government organized crime in action.Original article: https://mises.org/mises-wire/rothbards-definition-government-organized-crime-microsoft-antitrust-case

Great Britain's “Equality Act” is not simply a civil rights bill gone too far. It is, as Murray Rothbard would have put it, a “monstrous” piece of legislation that looks to create a social and economic equality that could never exist.Original article: https://mises.org/mises-wire/uks-monstrous-equality-act