Mises Institute

Mark Thornton looks at how much money Americans will spend on the Super Bowl this year and discusses the accuracy of the Super Bowl Stock Market Indicator. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Mark Thornton discusses the history of record low unemployment rates and the business cycle. See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank of St. Louis: https://mises.org/MI_04_Chart Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Will the Fed be successful with its "Immaculate Disinflation"? Or, will we still have to "pay an even higher price" for their use of Weapons of Massive Monetary Destruction in 2020-21? Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Are stock markets in full recovery mode, à la the Fed's Immaculate Disinflation, or is this just a counter-trend rally experienced in most bear markets? Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Mark Thornton takes a look at the recent GDP report and the layoff announcement at 3M and has some minor issues with both. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Ryan McMaken and Zachary Yost talk about the recent freak-out over the Chinese balloon, American foreign-policy moralism, and what sort of "threat" a balloon really represents. Also discussed is nuclear deterrence, American domestic spying, and why most states—including allies—spy on each other. Recorded on February 15, 2023. Additional Resources "So Much Hot Air: The (Fake) China Threat Strikes Again!" by Joseph Solis-Mullen: https://Mises.org/WES_08_A Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

Ryan McMaken and Zachary Yost discuss new estimates of just how costly a US-China war over Taiwan would be. Things are made even worse by the fact the US is already shopping most of its weapon stockpiles to Ukraine. The US government simply refuses to acknowledge that scarcity exists. Recorded on January 25, 2023. Additional Resources "The First Battle of the Next War: Wargaming a Chinese Invasion of Taiwan" by Mark F. Cancian , Matthew Cancian , and Eric Heginbotham: https://Mises.org/WES_07_A "Taiwan Is Not Ukraine" by Zachary Yost: https://Mises.org/WES_07_B "Victory Without Battle: A Smarter Vision for US-Taiwan Policy" by Zachary Yost: https://Mises.org/WES_07_C "Rebuilding U.S. Inventories: Six Critical Systems" by Mark F. Cancian: https://Mises.org/WES_07_D "Taiwan has nearly US$19 billion in arms sales backlogged in US" by Eric Chang: https://Mises.org/WES_07_E "Costs of War" (The Watson Institute for International and Public Affairs): https://Mises.org/WES_07_F Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

We know that "bring the troops home" is too much for America's foreign policy establishment. But if they can't handle that, a good first step would be to at least "bring the troops home" to the western hemisphere and the Americas. A new Monroe doctrine would be a less bad foreign policy paradigm than what we have now. Recorded on December 28, 2022. Additional Resources "Wall Street, Banks, and American Foreign Policy" by Murray N. Rothbard: https://Mises.org/WES_06_A Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

On this episode of War, Economy, and State, Ryan McMaken and Zachary Yost take a look at the Biden Administration's new National Security Strategy. The Biden plan is to intervene everywhere and always across the entire globe. In fact, the plan absurdly says "nothing is beyond" the US's capacity to remake the global order. Recorded on December 7, 2022. Additional Resources "National Security Strategy, October 2022" (PDF): https://Mises.org/WES_05_A Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

On this episode of War, Economy, and State, Ryan McMaken and Zachary Yost check in on the Russo-Ukrainian war to examine Russia's strength, the US's blank check, and the prospects of World War III. Recorded on November 23, 2022. Additional Resources "NATO: Our International Welfare Queens" by Ryan McMaken: https://Mises.org/WES_04_A "A Brief History of Pundits Encouraging Nuclear War" by Ryan McMaken: https://Mises.org/WES_04_B "The NATO Treaty Does Not Give Congress a Bye on World War III" by Michael J. Glennon: https://Mises.org/WES_04_C "U.S. Mutual Security Treaties: The Commitment Myth" by Michael J. Glennon: https://Mises.org/WES_04_D Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

Ryan McMaken and Zachary Yost discuss some of the strategic problems and historical oddities surrounding the relationships between the US, China, and Taiwan. Recorded on August 5, 2022. Additional Resources "Can China Conquer Taiwan?" Radio Rothbard with Ryan McMaken, Zachary Yost, and Tho Bishop: https://Mises.org/WES_03_A "The World at War" by Ralph Raico (Video): https://Mises.org/WES_03_B "Victory Without Battle: A Smarter Vision for US-Taiwan Policy " by Zachary Yost (PDF): https://Mises.org/WES_03_C Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

Ryan McMaken and Zachary Yost examine some reasons why early Americans hated the idea of a professional standing army, and some of the tactics used to decentralize military power in the US and Switzerland. Recorded on June 22, 2022. Recommended Reading "Why We Can't Ignore the Militia Clause of the Second Amendment" by Ryan McMaken: https://Mises.org/WES_02_A "The Second Amendment's Authors Would Hate Today's Huge Federal Military" by Ryan McMaken: https://Mises.org/WES_02_B "Opposing Standing Armies: A Great American Tradition" by Zachary Yost: https://Mises.org/WES_02_C "When State Governors Tried To Take Back Control of the National Guard" by Ryan McMaken: https://Mises.org/WES_02_D Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

In the first episode of this new podcast, Ryan McMaken and Zachary Yost discuss NATO, Turkey, Russia, and why the USA needs to leave it all behind. Recorded on May 18, 2022. Be sure to follow War, Economy, and State at https://Mises.org/WES. Music – "Nothing in the Dark" by Josh Woodward, https://Joshwoodward.com

Mises Institute scholar and Troy University business school Dean Allen Mendenhall is among the leading critics of woke capital. He leads a new initiative against the perverse investment practices demanded by ESG/DEI commissars, and joins Jeff Deist to discuss both the origins of "stakeholder" capitalism and what we can do to push back against ideological purity tests in capital markets and corporate America. https://AllenMendenhall.com "Troy University tackles 'woke' business practices head-on with new program": https://Mises.org/HAP382a 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://facebook.com/mises.institute Instagram ► https://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/podcasts

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop feel obligated to discuss the State of the Union address. Was anything of value learned? Tune in to find out. Also, join the Mises Institute in Tampa this month for a special event featuring Per Bylund, Jeff Deist, Tho Bishop, and Brett Lindell, on February 25. Learn more at https://Mises.org/Tampa. Recommended Reading "Raise the Social Security Age to (at Least) 75" by Ryan McMaken: https://Mises.org/RR_120_A "Another Recession Sign: Part-Time Work Is Growing Faster than Full-Time Work" by Ryan McMaken: https://Mises.org/RR_120_B "Yes, the US Government Has Defaulted Before" by Ryan McMaken: https://Mises.org/RR_120_C Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

Back in January, Jeff Deist joined the Austrian Economics Discord Server for a live event concerning trends in 2023. Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from COVID. This is a far-ranging discussion of the landscape for the Fed, persistent inflation, and a looming recession. Includes Q and A from the audience. 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 01:58 Why This Recession is Different 35:21 Q&A

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week. While political pressure mounts at home for the Fed to turn dovish, growing international challenges to the dollar's dominance mount. Ryan and Tho also examine the Saudi's willingness to question the petrodollar and recent rumblings down south of a South American monetary union. Also, join the Mises Institute in Tampa this month for a special event featuring Per Bylund, Jeff Deist, Tho Bishop, and Brett Lindell, on February 25. Learn more at Mises.org/Tampa. Recommended Reading "The Fed Is Already Flashing Signs It's Done Raising Rates" by Ryan McMaken: https://Mises.org/RR_119_A "How FedGov Destroyed the Housing Market" (Human Action Podcast): https://Mises.org/RR_119_B "Why the End of the Petrodollar Spells Trouble for the US Regime" by Ryan McMaken: https://Mises.org/RR_119_C Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

Professor Per Bylund of Oklahoma State University, author of How to Think About the Economy joins Jeff and Bob to dissect how economics went so badly wrong. A discipline rooted in theory, axioms, and deduction has devolved into statistics, models, and hard science envy. Is the economics profession doing any good, or active harm? Per's new book How to Think About the Economy: https://Mises.org/Primer Gary North and Walter Block debate "Is it Smart to Get a PhD in Economics": https://Mises.org/HAP380a 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 01:13 Economics Denialism 04:44 Economics as a Hard Science 12:39 Theory in Economics: Is it Useful? 24:56 Incentives to Study Economics

The Federal Reserve has created a huge boom full of bubbles. But after the boom must eventually come a bust. Ryan and Tho talk to Mises Institute Senior Fellow Mark Thornton about what to expect from the next recession and how we got ourselves into our current inflationary mess. Recommended Reading "Eliminating Economic Crises" by Mark Thornton: https://Mises.org/RR_118_A "The REAL Solution to the Coming Economic Crisis" by Mark Thornton: https://Mises.org/RR_118_B "Wholesale Price Inflation Is Slowing as Economy Worsens" by Ryan McMaken: https://Mises.org/RR_118_C The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/RR_118_D "Will the Fed Pop the Everything Bubble?" by Daniel Lacalle: https://Mises.org/RR_118_E "The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off" by Ryan McMaken: https://Mises.org/RR_118_F "The Fed's Real Mandate" by Mark Thornton: https://Mises.org/RR_118_G Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.

One of the most helpful insights of Austrian economics for business is the understanding of uncertainty. To complete a sale to a customer is to take that customer on a journey from high uncertainty to lower uncertainty — sufficiently low that they’ll make a purchase and enter into the experience of ownership or receiving service. We illustrate this principle via the market for small business insurance — a service that our guest Ryan Hanley describes as confusing, time-consuming and costly, i.e., fraught with uncertainty for customers. He addresses the problem by freely dispensing usable knowledge, and explained to Economics For Business how that revolutionizes the industry. Show notes: https://mises.org/library/ryan-hanley-dispense-knowledge-freely-and-creatively-customer-retention

In economics, production and marketing are not separate concepts. Production responds to customers’ needs and marketing is the expression of those needs inside the firm. The entire customer-facing activity of the firm is marketing. Like any other business activity, there is constant flux brought to bear by changing customer preferences, competitive innovation and market evolution. Marketing must be adaptive to change, and a major shift is occurring right now. Mark Schaefer writes about it in Belonging To The Brand: Why Community Is The Last Great Marketing Strategy. Show notes: https://mises.org/library/mark-schaefer-belonging-brand-business-case-building-community-around-your-business Belonging To The Brand: Why Community Is The Last Great Marketing Strategy: https://Mises.org/E4B_204_Book1 Marketing Rebellion: The Most Human Company Wins: https://Mises.org/E4B_204_Book2 The Marketing Companion podcast: https://Mises.org/E4B_204_Pod Mark Schaefer's website: https://BusinessesGrow.com

Jeff and Bob break down this week's Davos WEF conference and consider whether global elites really have the mechanisms to impose their plans. Johnny Vedmore's analysis of Schwab's origins: https://Mises.org/HAP379a Scott Greer says America's right-want needs to stop dwelling on Schwab: https://Mises.org/HAP379b Schwab bragging about penetrating Cabinets: https://Mises.org/HAP379c 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 00:42 WEF 2023 05:18 Schwab's Vision for the Future 17:14 The Globalist Political Agenda 31:26 The Next Crisis

"Some people involved in industry are parasites. Some are not. Everyone involved in government is a parasite." Watch the full episode at https://Mises.org/RR117. 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

"We don't have the titans of industry willing to speak out with a confident voice to highlight what is going on." Watch the full episode at https://Mises.org/RR117. 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

Social media, the financial sector, banking? "The only people defending freedom are the outsiders." Watch the full episode at https://Mises.org/RR117. 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