Mises Institute

Peter Lewin joins Bob to discuss his work with Nicolás Cachanosky on uniting Austrian capital theory with mainstream finance. Peter's New Book on Capital and Finance: https://Mises.org/LewinBook Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use Code "HA23" for $45 off admission: https://Mises.org/Nashville23 Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/ Chapters 00:00 Against Our Limitless Regime 01:00 Introduction 02:20 What is Austrian Capital Theory? 09:02 Criticisms of Bohm-Bawerk's Capital Theory Analysis 16:12 Financial Economics 19:08 New Soltuions to Austrian Capital Theory Problems 28:25 Capital Goods and Financial Goods 38:26 What is Economic Value Added (EVA)?

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about the Chinese economy. While some on the left see China as a model for governing, those on the right often assume their rise relative to the US is inevitable. Ryan and Tho look at the recent challenges to the Chinese economy. Recommended Reading "The Chinese Economy: Market Socialism with Chinese Characteristics" by Antonio Graceffo: https://Mises.org/RR_149_A "China Enters the Doom Loop" by Peter St. Onge: https://Mises.org/RR_149_B Download Anatomy of the State for free at https://Mises.org/Anatomy Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Disastrous economic interventionist policies in the early 1900s helped spark a devastating global economic depression starting in 1929. President Franklin Roosevelt came to power during this time and used the Great Depression as a justification to mount a progressive coup against the political traditions of America. It is with this same ambition that his successors in the Democrat Party have sought to leverage concerns about global warming and fossil fuels to wipe out what remains of the American market economy. While the “Green New Deal” label has been attached to a variety of policy proposals over recent years, all of them share several common characteristics. First, the cause of the “environment” and boosting “alternative energy sources” allows for a takeover of almost all aspects of the American economy. Agriculture, for example, must be regulated to limit the bio emissions of crops, cattle, and other livestock. Building equipment must be controlled due to its impact on energy demands. Transportation isn’t only a multibillion industry in itself, but indirectly impacts the employment of everyone in society. Of course, in the modern political environment, environmentalist concerns must also take into account intersectionality and social justice, incorporating race, gender, sexuality, and all the rest into proposals of job guarantees, subsidies, and other forms of wealth redistribution baked into the specific proposal of the day. How would such a Green New Deal be financed? As was the case with the New Deal, the answer is through debt and central bank inflation. In fact, the size and scale of modern proposals have resulted in a renewed interest in what is called modern monetary theory, which contends that governments are free to spend and print as much money as they desire. In practice, similar policies have resulted in hyperinflation and economic devastation in nations like Argentina and Venezuela. Another common feature of Green New Deal proposals is how obviously unserious they are about actually dealing with climate change and carbon emissions. And this is the problem, the underlying agenda of the campaign to radically shift away from fossil fuels is not to protect the environment. It is to reform almost every aspect of modern society for political gain. Given the foundational role that cheap, dependable, accessible energy has played in cultivating both human liberty and human thriving, defending the energy sources the world relies on every day is directly related to defending civilization itself. ______________________________________ Want to learn more? For more animated content, check out Economics for Beginners at https://BeginEconomics.org.

Ryan and Zachary rank the GOP candidates at the debate. They range from "least terrible" (Ramaswamy) to "utterly awful" (Haley and Pence). Be sure to follow War, Economy, and State at https://Mises.org/WES.

In this episode, Mark explains why we need a Crash (or very Hard) Landing in the US economy and the world economy. Specifically, why is a crash landing better to resolve the malinvestments caused by the Fed? Why is a crash landing better in many ways for the productive class of workers and savers? And, how would a crash landing place much of the pain and the overall burden on the rich, politically-connected classes? Be sure to follow Minor Issues at https://Mises.org/MinorIssues. Additional Resources "The Fed's Real Mandate": https://Mises.org/Minor33A "Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?": https://Mises.org/Minor33B "The REAL Solution to the Coming Economic Crisis": https://Mises.org/Minor33C "Eliminating Economic Crises": https://Mises.org/Minor33D "Austerity: A Real Solution to Help Heal the US Economy": https://Mises.org/Minor33E "US Labor Market: Help Wanted!": https://Mises.org/Minor33F "After the Boom Must Come the Bust" (Radio Rothbard): https://Mises.org/Minor33G "Here's What Mounting Corporate Layoffs Tell Us about the Economy" (Radio Rothbard): https://Mises.org/Minor33H

Ryan and Tho examine how the US regime is in the midst of its latest panic over public faith in the state's legitimacy. This is why we keep hearing about misinformation, insurrection and "threats to democracy." Recommended Reading "'Antidemocratic' Just Means 'Something the Regime Doesn't Like.'" by Ryan McMaken: https://Mises.org/RR_148_A "Seditious Conspiracy Is Not a Real Crime" by Ryan McMaken: https://Mises.org/RR_148_B "The State Protects Itself While Crime against Ordinary People Surges" by Ryan McMaken: https://Mises.org/RR_148_C "Fewer than Half of Violent Crimes Are Solved in America" by Ryan McMaken: https://Mises.org/RR_148_D Download Anatomy of the State for free at https://Mises.org/Anatomy Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Recorded in Windham, New Hampshire, on August 20, 2023.

Recorded in Windham, New Hampshire, on August 20, 2023. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/

1944, F.A. Hayek published The Road to Serfdom, a book warning about the dangers of normalizing wartime planning in the West. The book, dedicated to “The Socialists of All Parties,” became a great commercial success, particularly among business leaders in the United States who were resisting the radical policies of President Franklin Delano Roosevelt. It begins with government leaders who can convince large portions of the population to adopt regimentation in the pursuit of utopian national goals, like a society without want. The issue is that these utopian plans cannot be maintained. As the government falls short, interest groups compete for political power. Divides within society create unrest that is met with brutish force. Society finds itself under increasingly tyrannical control. To maintain unity, the government regulates speech. The result is the rise of a total state. Hayek was writing about the authoritarianism affecting all the nations involved in World War II. But his warnings have renewed relevance today because of the utopian dreams of the modern political Left. Climate change has given political actors a justification for seemingly unlimited power. Politicians have argued that a government response requires everything from global carbon taxes and bans on fossil fuels to control over the most minor decisions we make, such as what we have for breakfast and how often we flush our toilets. Environmental doomsday warnings have proven to be successful in modern democracies. This has been particularly true in Europe, where explicitly green political parties have won parliamentary seats in a number of countries. Other political parties have adopted these groups’ policy aims out of their own interest, resulting in deindustrialization policies that have made their economies less prosperous and more fragile. But the damage isn’t simply done through bad government policies. The underlying message of the green energy revolution is that human existence is a plague upon the world. There are additional social costs to this demagoguery. These ideas have bred a social environment of nihilism and self-destruction. These results can be seen in activists’ attempts to destroy priceless historical artifacts or in increasing numbers of young people’s choice not to have children in the name of the environment. These people are all victims of a relentless propaganda campaign by universities, media outlets, celebrities, and others to promote an agenda that simply isn’t compatible with human thriving. This campaign has created an ethical ethos that seeks human destruction. People who have no hope for the future tend to be those most easily manipulated and controlled by those in power. Demoralizing a population is one of the most effective ways to undermine resistance. This is precisely the sort of dangerous social dynamic Hayek warned about. In our next video, we will look at the Green New Deal advocated by the American Left and see how a “green revolution” will lead directly to an authoritarian state. ______________________________________ Want to learn more? For more animated content, check out Economics for Beginners at https://BeginEconomics.org.

Will we get a soft landing or a hard landing in the economy? Or, should we hope for a crash landing? Mark Thornton explains. See also "Soft Landing? Not Likely" featuring Bob Murphy and Jonathan Newman on the Human Action Podcast: https://Mises.org/HAP407 Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: https://Mises.org/Nashville23 Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing': https://Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: https://Mises.org/HAP409b Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/ Chapters 00:00 Against Our Limitless Regime 01:00 Introduction 01:36 Fed Rake Hikes and Inflation 17:03 Impact of Fed Expectations on the Economy 23:51 How Fast Does Monetary Policy Work 30:54 Is the Fed Announcement Effect Overblown? 36:44 The Forward Guidance Paradox 40:34 Other Theories for the Disinflation 46:40 It’s Starting to Looking Very Similar to 2006

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Summer Fellow Manuel García Gojon to discuss the recent strong performance by Argentinian libertarian presidential candidate Javier Milei. The three discuss the economic conditions of Argentina fueling the self-proclaimed anarcho-capitalist's political rise, what separates him from other populist figures, and some of his proposed policies — such as abolishing the country's central bank. Recommended Reading "Will Argentina's Next President Be a Rothbardian?" by Manuel García Gojon: https://Mises.org/RR_147_A "An Anarchist’s Pragmatic Plan of Government for Argentina" by Manuel García Gojon: https://Mises.org/RR_147_B Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Michael Rectenwald talks with Paul Gottfried about Paleoconservatism, the left, Wokism, the identity and ethos of the ruling elite, and decentralization. Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use code "Rekt23" for $45 off admission: https://Mises.org/Nashville23 Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/ Chapters 00:00 Against Our Limitless Regime 01:34 Introduction 02:53 Dr. Gottfried’s Path from Yale to Paleoconservatism 07:07 Defining and Discussing Paleoconservatism 14:44 The “New-Right” vs Libertarianism 16:13 Who Are the Ruling Class? 21:59 The Left as the Footsoldiers for the Elite 23:28 Is “Wokism” Marxist? 27:20 The Function of Wokeness 32:38 Middle-America Radicals 38:57 The New Democratic Party and Culture

Michael and guest co-host Ben Ahdoot talk with Ron Unz about RFK, Jr., Ron's American Prava series, the Unz Review, the Great Reset, censorship, the origins of SARS-CoV-2, and more. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/ Chapters 00:00 Introduction 02:17 RFK Jr. on "Conspiracy Theories" 16:54 Alternate Media on Unz.com 24:46 Unz.com Effects on Ron's Personal Life 33:16 JFK Assassination 43:24 Unz on The Great Reset 58:24 Unz on Rothbard and Libertarianism 1:04:07 Control of Speech Online 1:16:08 China and COVID Origins 1:36:23 The Future of Censorship in the USA

Ryan and Tho take a closer look at Rothbard's timeless takedown of state violence, 'The Anatomy of the State' in this special live edition of Radio Rothbard, recorded at Mises University 2023. Download Anatomy of the State for free at https://Mises.org/Anatomy New Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

In this week's episode, Mark discusses the record levels of credit card debt and how it is a major contributing factor to economic pain from the Fed's impact of causing higher prices for consumer goods. This is expected to intensify when the recession officially hits. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Featuring Per Bylund, Lucas Engelhardt, Karl-Friedrich Israel, Tate Fegley, Shawn Ritenour, and Timothy Terrell. Recorded at the Mises Institute in Auburn, Alabama, on July 28, 2023. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/

“A theory of the trade cycle, if it is not to be mere botching, can only be written as the last chapter or the last chapter but one of a treatise dealing with all economic problems.” —Eugen von Böhm-Bawerk Download the slides from this lecture at https://Mises.org/MU23_PPT_38. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/

Some principles for understanding environmental issues. Can government steer energy use decisions to improve outcomes? Download the slides from this lecture at https://Mises.org/MU23_PPT_37. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/

Inequality is a good thing in the free market. Economic equality is a disastrous government policy that leads to economic ruin for all—including the poor and workers. Download lecture slides at Mises.org/MU23_PPT_36. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/

Ineffective teaching, the enrollment cliff, stifled academic discourse, and government driving up tuition. Download the slides from this lecture at https://Mises.org/MU23_PPT_34. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/

David Brady Jr. discusses his recent article at Mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC. Even so, there are dangers from FedNOW, such as exacerbating bank runs. David also explains the new Mises Apprenticeship program, of which he is a member. David's Article on Mises.org: https://Mises.org/HAP406a George Selgin Cato Article on FedNow: https://Mises.org/HAP406b Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: https://Mises.org/Nashville23 Chapters 00:00 Against Our Limitless Regime 01:00 Introduction 01:54 What is FedNow? 06:05 FedNow and Commercial Banks 10:35 Do Private Banks want a CBDC? 14:22 Does FedNow Bring Us Closer to a CBDC 15:53 FedNow as an Alternative to Digital Currency 21:13 Should You Be Worried about FedNow? 28:02 Reserve Requirements and Interest on Reserves 36:15 What Banks Can Use FedNow? 44:42 Mises University and the Mises Apprenticeship Program

Experienced entrepreneurs are Austrians. Download lecture slides at Mises.org/MU23_PPT_35. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/library/audio-video/