Mises Institute

This episode explores precious metals. Gold (Au) is the main precious metal, followed by Silver (Ag), Platinum (Pt), and Palladium (Pd). These are distinct from valuable industrial metals such as copper (which served as money historically), nickel, and zinc, which have served as token coins in modern times. There are many different ways and forms you can own precious metals. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Recorded in Tampa, Florida on February 25, 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/

Don't miss tomorrow's episode of Radio Rothbard (https://Mises.org/RothPod) with Ryan McMaken and Tho Bishop. They will discuss Donald Trump's indictment, in spite of the longstanding presidential "gentlemen's agreement among scum." Tune in and SUBSCRIBE TODAY at http://Mises.org/RothPod

Recorded in Tampa, Florida on February 25, 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/

Mark is not fooling around today. He looks back at the history of gold and its price, which some believe is too erratic and too unstable (like Bitcoin) to serve as a basis of a monetary system. Mark shows that it is not gold that destabilizes events in the real world, but rather real world events related to political decision-making that has made the price of gold unstable. The price of gold is a "minor" indicator of what governments are really up to. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about global moves being made against the US dollar. The regime's decade long weaponization of money and banking has both global rivals and historical allies looking for alternatives. Ryan and Tho discuss what that means for Americans, and what may come next. Recommended Reading "World needs to end risky reliance on U.S. dollar: BoE's Carney" (Reuters, 2019): https://Mises.org/RR_127_A "Governments Can't Blame Inflation on Energy and Putin Anymore" by Daniel Lacalle: https://Mises.org/RR_127_B "Is the Fed Trying to Bail Out the World? Sure Looks Like It" by Kristoffer Hansen: https://Mises.org/RR_127_C "Why Fractional Reserve Banking Is behind Bank Failures" by Jonathan Newman: https://Mises.org/RR_127_D Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

The Ralph Raico Memorial Commencement Lecture. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute. 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/ 00:00 Mises Graduate School Commencement 02:14 Introduction by Jeff Deist 03:18 Intellectual Community in the Age of Artificial Intelligence 25:03 Mises Graduate School Graduation

The Henry Hazlitt Memorial Lecture, sponsored by Harvey and Mei Allison. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute. 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/ 00:00 Introduction by Dr. Joe Salerno 02:36 ESG En Route to Etatism

The Murray N. Rothbard Memorial Lecture, sponsored by Steven and Cassandra Torello. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute. 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/ 00:00 Introduction by Dr. Joe Salerno 01:50 Defending Private Property: Principles of Justice

In this episode, Mark looks at the far away minor issue of the impact of hyperinflation in Zimbabwe. Even though they have switched from Zim dollars to US dollars, ordinary people are still suffering. Their government and its inflationary monetary policy is manifesting itself in some interesting ways. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance. Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit. Mises's A Theory of Money and Credit: https://Mises.org/TMC Bob's study guide to A Theory of Money and Credit: https://Mises.org/HAP388a John Cochran, 'The Safest Bank the Fed Won't Sanction': https://Mises.org/HAP388b 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/ 00:00 Introduction 00:50 Mechanics of Loan Banking and Deposit Banking 08:12 Fiduciary Media 18:12 Federal Restrictions on Banking 30:48 The Coming Currency Dystopia

This week on Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge (https://Mises.org/StOnge), a fellow at the Heritage Foundation and a regular contributor to the Mises Wire. This episode looks at the political response to the recent turmoil in the banking system and how the Austrian position looks today relative to 2008. St. Onge makes a case for optimism. Recommended Reading "It Turns Out That Hundreds of Banks Are at Risk" by Peter St. Onge: https://Mises.org/RR_126_A "The Fed Backtracks on Future Rate Hikes as Bank Failures Loom Large" by Ryan McMaken: https://Mises.org/RR_126_B "Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again" by Ryan McMaken: https://Mises.org/RR_126_C Peter St. Onge's Substack: https://StOnge.substack.com 2023 Libertarian Scholars Conference: https://Mises.org/LSC23 Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute. 00:00 Introduction by Dr. Joe Salerno 03:08 Whither Goest the Entrepreneur

The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, professor of economics at Pace University and academic vice president of the Mises Institute. 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/ 00:00 Introduction by Dr. Joe Salerno 02:09 The Other Covid Crisis: Prospects for Recovery from Pandemic Policies

This past weekend saw extraordinary actions by the Fed to address the meltdown of Silicon Valley Bank. Did the central bank break the law by effectively authorizing unsecured loans to banks based on the face value—rather than significantly lower market value—of those banks' Treasury holdings? Bob's study guide to A Theory of Money and Credit: https://Mises.org/HAP387a Jeff on the Fed as the ultimate bank: https://Mises.org/HAP387b 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/ 00:00 Introduction 00:50 Why the SVB failed 10:59 Unsecured Loans 20:17 Bad Banks and Bank Runs 24:51 Full Reserve Banking 35:07 Banking Regulations

SVB Bank and Signature Bank failed this week and were bailed out. Mark explains why the banks failed and why it was bound to happen. The minor issue is that the total FDIC bailout fund is actually smaller than either one of the banks. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Ryan and Tho talk about how last week's banking panic led to new ways for bankers and politicians to exploit regular people through inflation, regulations, and corrupt loans. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

Mark discusses how the Federal Reserve and Covid restrictions greatly increased the price of cardboard boxes; but, with online sales softening, we should expect suppliers to shift the raw materials used to make boxes (wood pulp) into the production of other paper goods, such as toilet paper. Because our demand for toilet paper is relatively inelastic, we should see a decline in the price of toilet paper and better availability. The market will reallocate toward consumer wants and lower prices. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor Mariana Mazzucato suggested governments across the West should simply print money not only to help Ukraine, but also to finance other "wars" against climate change, inequality, and more. Should national treasuries essentially adopt a permanent wartime footing and print far more money, as Mazzucato and Warren Mosler recommend? Hint: Jeff and Bob say "No." Jeff's article "A Permanent Wartime Economy": https://Mises.org/HAP386a Bob's debate with Warren Mosler: https://Mises.org/HAP386b Bob's article in The American Conservative on the Greenbacker movement: https://Mises.org/386c 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/ 00:00 Introduction 00:27 Printing Money and War 04:53 Modern Monetary Theory 19:21 A Permanent Wartime Economy 23:51 The Future of Fiscal Policy

Ryan McMaken and Tho Bishop look at how the regime's narrative on foreign policy is failing, and how some in Congress are finally standing up to the warfare state. Yet, the regime wants more US wars in Syria, Ukraine, and now even Mexico. And you will pay for it all. Will the voters demand a more sane foreign policy in 2024? Recommended Reading "The Costs of War in Syria" by Ryan McMaken (2013): https://Mises.org/RR_124_A "A Permanent Wartime Economy" by Jeff Deist: https://Mises.org/RR_124_B The War, Economy, and State Podcast with Ryan McMaken and Zachary Yost: https://Mises.org/WES "Mission Accomplished: Seymour Hersh, Nordstream, and What’s Left on the Cutting Room Floor" by Tom Luongo (LewRockwell.com): https://Mises.org/RR_124_C "Meanwhile in Yemen, the US Government Supplies Weapons to Continue the Carnage" by Trenton Hale: https://Mises.org/RR_124_D "House Votes Down Resolution to Withdraw Troops from Syria" by Dave DeCamp (AntiWar.com): https://Mises.org/RR_124_E Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

Mark talks about the recent price inflation reports, as well as reports of job openings from private sector job placement companies. Inflation was higher than expected and job openings declined. What will the Fed do? People are making painful adjustments—Domino's reported disappointing sales, because their customers are "eating in". Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

"Why would you want to live in a political union with someone who hates your guts?" Watch the full episode at https://Mises.org/RR122. Radio Rothbard is a weekly podcast featuring a cast of Mises Institute voices and special guests. The show tackles politics, current events, culture, media, and of course the predatory state, all from an uncompromising Rothbardian perspective. Radio Rothbard is the weekly anti-politics podcast you won't want to miss! To subscribe on your favorite platform, visit https://Mises.org/RothPod

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss this week's Twitter and media campaign by Congresswoman Marjorie Taylor Greene promoting the idea of national divorce. Ryan and Tho read through some of the tweets that the Representative from Georgia made about the practical advantages of a soft secession, as well as comments made by "Very Serious People" deeply offended at the suggestion. Is Marjorie Taylor Greene guilty of unforgivable high treason? Tune in to find out. Recommended Reading "January 6 Trials Remind Us Why We Must Abolish Seditious Conspiracy Laws" by Ryan McMaken: https://Mises.org/RR_122_A "Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?" by Ryan McMaken: https://Mises.org/RR_122_B "The Economics of American Gerontocracy" (Human Action Podcast with Jeff Deist and Bob Murphy): https://Mises.org/RR_122_C Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

On the heels of rising stock markets, record low unemployment rates, and even the plunge in the price of gasoline, Mark discusses the latest government economic reports including the hot retail sales numbers, recent increases in the CPI, and the increases in business inventories. What can be made of these confusing numbers? Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Mark Thornton takes a look back at US stock markets, the national debt, and Fed policy (ZIRP, money supply, and its balance sheet). "After the Boom Must Come the Bust" (Radio Rothbard): https://Mises.org/MI_06_A Austrian Economic Research Conference: https://AustrianEconomics.org Be sure to follow Minor Issues at https://Mises.org/MinorIssues.