Mises Media

The standard explanation for the Constitutional Convention was that the Articles of Confederation were a failure. However, the Articles actually worked the way they were supposed to work. Unfortunately, the advocates of a strong central government ultimately got their way.

Original article: https://mises.org/mises-wire/did-articles-confederation-fail-probably-not

On the latest episode of Minor Issues, Mark Thornton revisits the history—and present risk—of hyperinflation. Mark explains the threshold that defines hyperinflation, why measuring prices under chaos is hard (yet still revealing), and how the social damage mirrors war: savings vaporize, capital is destroyed, and civic trust collapses. He closes with practical takeaways: why gold and silver often move first as “fire alarms” and why studying past episodes builds the psychological and analytical readiness to face low-probability, high-impact events.

"The Road to Hyperinflation" (Minor Issues, Episode 136): https://mises.org/MI_136

"The Gold-Silver Ratio" (Minor Is...

Vivek Ramaswamy promotes a fictional version of American history in which a handful of people created America and that culture and religion are canceled out by an ideological "creed." In truth, the American nation and the American state are two different things. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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Anti-impact environmentalists want you dead; they will settle, in the short term, for you to feel guilty for existing, producing and consuming, and willing to comply with any degree of central planning and freedom curtailment to “save the planet” from you.

Original article: https://mises.org/mises-wire/environmentalism-anti-humanism

On this episode of Power & Market, the panel kicks off 2026 with a conversation about the arrest of Maduro. What's next for Venezuela? What's DC's next target? Does America really need a 1.5 trillion dollar defense budget? We look at these questions and more.

With American intervention in Venezuela, some are claiming that the Trump administration is simply invoking the Monroe Doctrine, or its corollary, the “Donroe” Doctrine. In reality, neither doctrine is an appropriate reason for US military intervention in Latin America.

Original article: https://mises.org/mises-wire/why-monroe-doctrine-cannot-be-reestablished

Whatever advances Great Britain made during the Margaret Thatcher years have long been reversed as the UK finds itself in decline of its economy and social fabric. Big government, once again, is the culprit.

Original article: https://mises.org/mises-wire/uk-economic-and-social-freefall

In his inaugural speech, New York Mayor Zohran Mamdani declared an end to “rugged individualism” and the embrace of “the warmth of collectivism.” New Yorkers are about to find out that collectivism will not produce what they need to have better lives.

Original article: https://mises.org/mises-wire/warmth-collectivism-beginning-mamdani-era

The Trump administration wants Americans to believe that this latest intervention into Venezuela was a quick and definitive success. But, given enough time, there is essentially no way this can go well.

Read the article here: https://mises.org/mises-wire/there-are-no-good-outcomes-trumps-latest-attempt-regime-change-venezuela

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

The Austrian School of economics isn’t a 20th century or even 19th century creation. Instead, Austrian economics is rooted in the logical thought, as developed by Aristotle and Thomas Aquinas.

Original article: https://mises.org/mises-wire/aristotelian-thomistic-roots-austrian-school

Dr. Per Bylund explains how prosperity really comes from imaginative, risk-taking entrepreneurs rather than redistribution, and how regulations quietly kill off an unseen world of potential innovations and wealth that never gets a chance to exist.

Sponsored by Yousif Almoayyed.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

Donald Trump’s war against Venezuela is truly a racket, as it looks to be little more than an attempt to loot the nation of Venezuela’s natural resources in the name of “liberation.”

Original article: https://mises.org/mises-wire/venezuelan-war-racket

The US seeks another puppet regime in South America, and all this talk about democracy, human rights, and noble causes is just cover for the exercise of raw power. But that doesn't stop Trump supporters from pretending it's all about freedom.

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Sensing the dangers of tyranny by the majority, John C. Calhoun developed the doctrine of the concurrent majority which served to limit the powers of government.

Original article: https://mises.org/mises-wire/calhouns-doctrine-concurrent-majority

Dr. Peter Klein explains why truly “liberating the American university” means cutting all state ownership, funding, and regulation—not just tweaking DEI programs or research grants—and letting genuinely private institutions compete to provide higher education.

Sponsored by Stan Eden.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

The US's bombing of Caracas reiterates three key foundations of American foreign policy: the Constitution is dead, democracy is irrelevant, and the "rule of law" doesn't matter. 

Original article: https://mises.org/mises-wire/three-key-lessons-uss-venezuela-intervention

Zohran Mamdani held his mayoral swearing in ceremony at the now-abandoned City Hall Station that was a feature of the first New York Subway built in 1904. Unfortunately, city officials deliberately drove the subway company into insolvency and then took over.

Original article: https://mises.org/mises-wire/socialist-mamdani-inadvertently-pays-tribute-capitalism

Among the many rationalizations that the Trump administration is using to initiate massive force and violence against the Venezuelan people is that the Venezuelan government nationalized American oil interests many years ago.

Original article: https://mises.org/power-market/us-government-not-daddy-us-oil-companies

The annexation of Texas was a preview of future foreign policy.

Original article: https://mises.org/power-market/questioning-annexation-texas-us-state

President Trump’s latest national security initiative is unlikely to make the US secure from outside danger. For that matter, Trump’s own internal policies are making this country less secure.

Original article: https://mises.org/mises-wire/trumps-national-insecurity-strategy

From war to tariffs to inflation, it is clear Donald Trump is a devoted disciple of the ideology of statism and interventionism. The fact he's better than the atrocious Kamala Harris doesn't change this. 

Original article: https://mises.org/mises-wire/statism-donald-trump

Depending upon the narrative, American Indians were either noble creatures who were victims of a genocide by rapacious European settlers or were bloodthirsty savages. The truth is more nuanced.

Original article: https://mises.org/mises-wire/american-indians-separating-truth-fiction

Mark Thornton kicks off 2026 with the new Minor Issues prediction contest (stocks vs. manure) and a hard look at the monetary-metals squeeze. Mark explains why $50 silver triggered “growing pains”: spot–futures disconnects, margin hikes, empty coin shops, and weird retail premiums. As investor demand collides with industrial stockpiling, price spikes invite political scapegoating (“hoarders!”) and intervention that backfires. Expect more meddling before genuine market adjustments can work.

Enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it deserves.

Original article: https://mises.org/mises-wire/panic-1893-austrian-view

Demands for Americans to pay reparations to descendants of chattel slavery in America have been growing. The case for reparations, however, has always been weak and illogical.

Original article: https://mises.org/mises-wire/illogic-reparations-historical-standards-selective-memory-and-logic-victory

A wearisome part of modern life is the incessant chants of “doomsday” from intellectual, academic, political, and media elites. That their six decades of predictions all have been wrong only leads them to double down on the volume of their claims.

Original article: https://mises.org/mises-wire/new-year-we-will-hear-even-more-environmental-doom-because-doomsday-industry-never-rests

This week, Bob talks with macroeconomist Roger Farmer—who places himself “between Keynes and Hayek”—about how twentieth-century macroeconomics evolved. They discuss how overlapping generations and search theory change the story on unemployment and asset prices, and where Professor Farmer thinks both neoclassicals and MMT advocates go wrong. Farmer contrasts the old “rocking horse” vision of the economy with his preferred “windy boat” metaphor, where the economy can drift for long periods, and variables like unemployment behave more like random walks than quick returns to a single steady state.

Related:

In the wake of WWI, Pope Pius XI reminded his readers that governments instituted by men can never be perfect, and they cannot even be good if they neglect natural law. 

Original article: https://mises.org/mises-wire/rise-state-and-fall-natural-law

As government continues to engage in reckless actions from inflation to starting wars, people develop shorter time horizons, creating social vacuums. Increased gambling and other irresponsible behaviors then fill the void.

Original article: https://mises.org/mises-wire/kalshi-culture-how-gambling-speculation-and-degeneracy-went-mainstream

In theory, the Constitution should safeguard individual liberty by giving citizens a bulwark against state tyranny. However, the Constitution actually advanced federal government power or failed to ultimately prevent it.

Original article: https://mises.org/mises-wire/constitution-weak-reed

Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.

Original article: https://mises.org/mises-wire/free-health-care-will-not-fix-americas-medical-crisis

President Trump recently accused the New York Times of treason because the paper printed something he didn’t like. Unfortunately, Trump is not the only person to designate the crime of treason to actions that are not even criminal.

Original article: https://mises.org/mises-wire/trump-treason-and-new-york-times

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.

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The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”

Original article: https://mises.org/mises-wire/continental-bait-and-switch

The Maidan Massacre of February 2014 supposedly involved Ukrainian government troops tied to President Viktor Yanukovych, a Russian ally, leading to his overthrow. But what if it was a false flag operation done to make people blame the government?

Original article: https://mises.org/mises-wire/revisiting-maidan-massacre

Mark Thornton appears on Metals and Miners with Gary Bohm. They explore the Federal Reserve's policies, geopolitical impacts, commodity underinvestment, AI's economic role, precious metals like gold and silver, stock market valuations, and the path to prosperity through free markets. Mark shares Austrian economics perspectives on the 2026 outlook, deflation benefits, and why government intervention fails.

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Camillo Tarello was one of the fathers of modern agriculture. Fighting the headwinds of state disapproval for his innovative farming methods, he made many agricultural discoveries, benefitting not only his fellow Italians, but future farmers around the world.

Original article: https://mises.org/mises-wire/camillo-tarello-forgotten-farmer-who-outsmarted-state

Historically, it has been very poor manners in Washington to admit that keeping home prices high is a deliberate policy. High prices are not the "unintended consequence" of good intentions. 

Original article: https://mises.org/mises-wire/why-are-houses-so-expensive-its-deliberate-government-policy

Shortly after hearing about the birth of Jesus, Herod the king tried to have the child murdered. Indeed, Herod's oppressive rule and the predations of the Roman state play a huge role in the Christmas story.

Original article: https://mises.org/mises-wire/reclaiming-antistate-roots-christmas

All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.

Original article: https://mises.org/power-market/more-largesse-santa-claus-trump

Scrooge was never mistreated by his nephew, by Cratchit, or by those seeking charitable donations. Scrooge was always free to refuse them all.

Original article: https://mises.org/mises-wire/was-scrooge-victim-christmas-carol

Father Frost (the Soviet Santa Claus) asks: "To whom do we owe all the good things in our socialist society?,” to which, it is said, the children chorus the reply, "Stalin."

Original article: https://mises.org/power-market/how-soviets-replaced-christmas-socialist-winter-holiday

With employment fundamentals so weak, the real way to increase home sales is to cut prices further. That, of course, is not what sellers want to hear. 

Original article: https://mises.org/power-market/home-prices-and-sales-fall-can-sellers-count-lower-interest-rates

The Minor Issues year-end episode: what 2025 really taught us and what 2026 may bring. Mark Thornton revisits tariffs, inflation, metals, and interest rates; recaps his Bitcoin vs. Gold contest; and explains why a steepening yield curve could arrive even as the Fed cuts short rates. Mark also maps the risks of an un-inversion and why today’s calm in CRE, private credit, and AI capex may mask fragility. Looking ahead, Mark previews the 2026 prediction contest: Stocks vs. Manure.

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Instead of market competition, inflation forces young and old into rivalrous competition for housing.

Original article: https://mises.org/mises-wire/inflation-and-intergenerational-housing-rivalry

Ryan and Josh Mawhorter talk about how Thomas Hobbes, even nearly 400 years later, remains a popular spokesman for almost limitless state power. In fact, by Hobbes's logic, the world should by ruled by a single global dictatorship. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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On this episode of Power and Market, Ryan, Tho, and Connor reflect on what they view as the biggest stories and themes of the year.

Don't miss your chance to get a copy of Ryan McMaken's The Fight For Liberty: Past, Present, and Future during our year-end fundraising campaign. Donate before December 8th and have it doubled! Learn more here.

Connor O’Keeffe joins Rob Kientz on The Freedom Report for a wide-ranging conversation on Austrian economics, government power, and why today’s affordability crisis is no accident. From inflation and interventionism to the failures of both political parties, Connor explains how decades of policy decisions have reshaped the economy, and why everyday Americans are paying the price. Connor and Rob also explore how real change actually happens, why crises accelerate power grabs, and what individuals can do to push back and build alternatives before the next shock hits.

The original episode is available at https://youtu.be/5...

If employment reports continue to show growing economic stagnation, calls for more monetary inflation and government spending will only grow.

Original article: https://mises.org/mises-wire/novembers-weak-jobs-report-pushes-fed-toward-more-monetary-stimulus

The US economy is hooked on easy money and artificially low interest rates. Huge credit expansions are not “stimulating” the economy; they are destroying it.

Original article: https://mises.org/mises-wire/next-economic-downturn-will-be-here-soon-enough

Only a couple years ago, climate change was a major political issue. Now it’s strangely absent from public discourse. Why did this happen? Because, at least for now, it stopped being the most useful way for elites to justify their power grabs.

Read the article here: https://mises.org/mises-wire/what-happened-climate-change

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Mark Thornton joins Scott Horton to discuss 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.

Visit the Scott Horton Show at http://scotthortonshow.com

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.

Original article: https://mises.org/mises-wire/why-hayek-rejected-merit-based-equality

President Trump and Hegseth are cashing a blank check for carnage that was written years earlier by President Barack Obama.

Original article: https://mises.org/power-market/obamas-powerpoint-death-parade-led-trumps-venezuelan-killings

Homeschooling isn’t just about math lessons and reading charts. It’s about who gets to shape how your kids see the world.

Dr. Jonathan Newman joins Cheryl Daley on The Homeschool How To Podcast to break down why he and his wife chose to keep their kids out of government schools, how they approach reading and “adulting” skills at home, and why there’s really no such thing as a “neutral” education.

The original episode is available at https://open.spotify.com/episode/0mZzkKFr5RPKO3RAldMZNM

The drive to religious freedom in America was carried out overwhelmingly in the state legislatures—and the federal First Amendment had almost nothing to do with it.

Original article: https://mises.org/mises-wire/how-religious-freedom-america-was-founded-privatization-and-decentralization

Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, unify competing price indices, and handle changing preferences over time, and why Austrians shouldn’t dismiss him as a crank. He summarizes Eric’s claim that standard mathematical economics relies on the simplest kind of derivative, explaining how much of modern economic modeling is using the wrong math.

Related: 

The Mises Institute is giving away 100,000 copies of Ha...

While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.

Original article: https://mises.org/mises-wire/risk-uncertainty-profits-and-modern-portfolio-theory

For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done is protect farmland.

Original article: https://mises.org/mises-wire/farmland-protection-policy-act-crisis-politics-and-quiet-socialization-land

Mark Thornton argues that interest is a core price that coordinates time, investment, and growth, and that the Federal Reserve has turned it into an administered number. Mark warns the long-run trend may be turning: bigger states and debts, weaker anti-inflation ideology, and aging populations imply longer, higher for longer. What are the implications? Keep that 2% Covid-era mortgage, expect poor long-bond returns and lower real equity performance, and look for commodities to fare relatively better. Gold’s surge shows some investors already see the shift.

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

Original article: https://mises.org/mises-wire/inflation-interventionism-and-intergenerational-resentment

On this episode of Power and Market, Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell’s Fed talk, and the continuing realities of Obamacare.

Don't miss your chance to get a copy of Ryan McMaken's The Fight For Liberty: Past, Present, and Future during our year-end fundraising campaign. Donate before December 8th and have it doubled! Learn more here.

David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.

Original article: https://mises.org/mises-wire/bursting-bubble-was-fdr

As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less affordable as a total failure. But that wasn’t the true purpose of the ACA. It was always meant to prop up the faltering crony healthcare system.

Read the article here: https://mises.org/mises-wire/obamacare-was-not-failure

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Original article: https://mises.org/mises-wire/elon-musk-claims-money-will-become-irrelevant-he-right

In this special mid-week episode of Minor Issues, Mark Thornton joins Julia LaRoche for a wide-angle tour of the macro landscape, and why gold’s surge is a market verdict on deficits, rate manipulation, and fiat fatigue. Mark outlines the Austrian business cycle story behind today’s “everything bubble,” and explains why a more dovish Fed in 2026 won’t cure malinvestment. He also contrasts Bitcoin with commodity money and sketches a practical exit: sound money, hard budget constraints, and decentralization.

Check out The Julia LaRoche Show at https://JuliaLaRoche.com

Be sure to follow Minor Issues at...

Dr. Jeffery L. Degner explains how an “inflation culture” reshapes marriage, adulthood, and family life for Gen Z and contrasts it with a path of courageous independence, sound saving, and earlier family formation.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Dr. Mark Brandly examines what’s genuinely hard and what’s overstated about Gen Z’s economic situation, arguing that inflation, regulation, and a bloated welfare–bureaucratic state are driving their struggles, and urging students to learn economics and join the fight for liberty.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Connor O’Keeffe explains why the New Right’s economic populists have adopted a progressive myth of “laissez-faire gone wrong,” and instead shows how a century of inflation, bailouts, regulation, and managed trade has rigged the system against younger Americans.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Mises Senior Fellow Alex J. Pollock explains how the post-1971 “Nixonian” paper-money world makes the Fed both the engine of inflation and a prop for an oversized state, urging students to see central banking as the hidden arsonist behind booms, busts, and the erosion of their future purchasing power.

Recorded at Cornerstone University in Grand Rapids, Michigan, on November 1, 2025.

Marion Millar has been charged in Scotland with the crime of “malicious communication” due to tweets criticizing gender self-identification. 

Original article: https://mises.org/mises-wire/why-banning-hate-speech-evil

This week, Bob walks through two related debates: Hoppe’s criticism of Argentina's President Milei for not immediately closing Argentina’s central bank, and the follow-up exchange between Guido Hülsmann and Philipp Bagus on Mises.org over dollarization and the peso. Along the way, he reviews Mises’s distinctions among commodity, credit, and fiat money, the concepts of money substitutes and fiduciary media, and the interesting structure of Argentina’s short-term central bank debt

Inflation isn’t an economic metric—it’s a political tactic. When governments lie about inflation, they’re not miscalculating; they’re stealing from you. Mises Fellow Karl-Friedrich Israel explains to Peter McCormack how inflation quietly enriches asset holders, punishes workers, and pushes Europe into a slow, silent decline.

If your living standards are falling while politicians insist everything is fine, this conversation will make sense of it. If you still believe governments can print prosperity without consequences, you won’t enjoy what follows.

The original episode is available at https://www.petermccormack.com/episodes/133-karl-friedr...

On the latest episode of Minor Issues, Mark Thornton takes apart the media’s “K-shaped economy” cliché. He explains the divergence the Austrian way: Cantillon effects from decades of deficit spending and artificially low rates that lift asset holders and big borrowers, while eroding wages and pricing-out families. Mark shows why the usual fixes like tax tweaks and rate cuts backfire. He also lays out a real cure: deep federal spending cuts, program eliminations, market-set interest rates, and sound money that restores honest price signals for everyone.

Be sure to follow Minor Issues at https://Mises.org/MinorIs...

The US regime is gearing up for another war. Get ready for another regime-change disaster like we got in Afghanistan, Libya, and Syria. 

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

This week Ryan and Zachary Yost take a look at international relations scholar John Mearsheimer's claim that Europe faces a bleak future as the United States pivots away from NATO. Can Europe thrive without American taxpayers' money? 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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The Mexican-War resulted in more territory for the new American empire, but the US government started it under false pretenses. A young US soldier who fought—Ulysses Grant—knew better, exposing the lies from Washington.

Original article: https://mises.org/mises-wire/unjustified-conflict-grants-memoirs-mexican-american-war

On this episode of Power and Market, Ryan, Connor, and Tho discuss military escalation with Venezuela, more troubling jobs data, and how college football offers an example of how financialization, politicalization, and bad economy theory can undermine great American traditions.

Don't miss your chance to get a copy of Ryan McMaken's The Fight For Liberty: Past, Present, and Future during our year-end fundraising campaign. Donate before December 8th and have it doubled! Learn more here.

The Lane Kiffin saga has dominated sports headlines this past week, highlighting the sea changes that have come over college sports—an especially college football—in the past decade. Much of this change is being driven by the easy money regime of the Federal Reserve.

Original article: https://mises.org/mises-wire/lane-train-and-rest-college-football-madness-has-been-fueled-easy-money

In a special midweek episode of the Minor Issues podcast, Mark Thornton appears on Palisades Gold Radio with Stijn Schmitz. Mark argues that gold’s surge isn’t a fad: it’s a market verdict on runaway deficits, central-bank credibility, and fiat money itself. He also explains why manipulated rates breed booms, busts, and inequality, while sound money and decentralization restore real signals.

The original episode ("Dr. Mark Thornton: Early Innings for Gold, Silver Manipulation, Black Swans & Failing Markets") is available at https://www.youtube.com/watch?v=c2FUnca1q3c

Be sure to follow...

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

Original article: https://mises.org/mises-wire/zohran-mamdanis-socialism-flunks-basic-economics

Mark Thornton dissects “contagion” hype and argues it’s not a market pathology. He shows why, in a free market, failures reallocate customers, labor, and capital to better firms rather than spread panic. Contagion appears only when government links balance sheets and distorts prices. Mark traces how credit booms set up busts, and why even the Fed now sits upside-down, while homeowners are “rate-locked” and supply is frozen. The takeaway: politicians and central bankers invoke "contagion" to demand more power and money, while their interventions cause the very fragility they decry.

See also "Fight Inflation Now" (Minor Issues, ep...

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.

Original article: https://mises.org/mises-wire/thanksgiving-celebration-domestic-life

Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the role of the Fed and the gold standard, and the notion that World War II ended the slump.

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises...

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

Original article: https://mises.org/mises-wire/thanksgiving-celebration-free-enterprise

50-year mortgages are likely to increase the likelihood of more "owners" becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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From the perspective of the state, the ideal society is one composed of single parents raising a small number of children in irreligious households.

Original article: https://mises.org/mises-wire/families-are-key-building-alternatives-state

In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism.

Original article: https://mises.org/mises-wire/thanksgiving-celebrating-birth-american-free-enterprise

As the economy worsens, expect to see more articles from legacy media about how saving money is actually bad for the economy. It's an old Keynesian myth.

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Dr. Robert Murphy explains why America’s chronic trade deficits trace to Nixon’s 1971 gold exit—not China—and how a popular reading of Triffin’s “dilemma” confuses the issue.

Sponsored by Dan Johnson and Randee Laskewitz.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 17, 2025.

Dr. Wanjiru Njoya explains how “phony civil rights” expand state power at the expense of self-ownership and property, and offers a conservative-libertarian case for liberty rooted in reality.

Sponsored by Don Wills.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

Dr. Jeffrey Herbener explains why “Crusoe economics” isn’t a caricature but the indispensable starting point for economics and liberty—built from action, property, and exchange.

Sponsored by Steven Berger.

Recorded at the Mises Supporters Summit in Delray Beach, Florida, on October 18, 2025.

Bob revisits capital and interest theory to show why the textbook result “interest = MPK” only holds in a one-good world, and why in actual markets the interest rate emerges from time, prices, and capital valuation—not raw productivity.

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Mark Thornton traces seven headline “problems” back to one engine: monetary inflation. Drawing on Austrian insights, Mark explains how new money distorts prices and wages; why cheap credit spawns debt booms, asset bubbles, and zombie firms; how deficit finance and central banking turn war into a budget line; and why rising prices erode family formation, savings, and civic trust. He connects the dots to today’s policy mix and sketches a bottom-up remedy: hard budget constraints, sound money, and decentralization that restores real price signals. Mark makes the case that inflation isn’t just “too many dollars”: it’s the hidden sub...

Is minarchism an antidote for the growing statism and socialism infecting our body politic? Think of it as “statism lite.”

Original article: https://mises.org/mises-wire/minarchism-worst-kind-state-idolatry

On this episode of Power & Market, Ryan, Connor, and Tho discuss the latest jobs number data, what it means for the affordability crisis, the legacy of Dick Cheney, and Thanksgiving favorites."

Appearing on the John Curley Show, Ryan McMaken examines how policy—not culture-war slogans—undermines the American family. He points to marriage penalties in the tax and welfare code, inflation that erodes real wages, zoning and permitting that price families out of housing, and schooling/childcare mandates that shift authority from parents to bureaucracies. Rather than more top-down “family policy,” Ryan argues for decentralization: end the marriage penalties, curb monetary inflation, remove barriers to homebuilding and home-based work, and return decisions over education and child-rearing to parents and local communities. The result is a practical case for strengthening families by shrin...

The rent is too high. However, government interference into rental markets has been the main reason rents are so high in the first place.

Original article: https://mises.org/mises-wire/government-intervention-not-blackrock-blame-housing-crisis

Cheney was an architect of both Iraq wars, and he was a perennial supporter of the American surveillance state, torture, and more. 

Original article: https://mises.org/mises-wire/why-i-wont-be-mourning-dick-cheney