Mises

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss ideas for states to consider going into 2024. With faith in the federal government dropping across the country, Ryan and Tho identify meaningful steps states can pursue to help decentralize political power. Claim your free book: https://Mises.org/RothPodFree Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Dr. Gilbert Berdine, an associate professor of medicine at Texas Tech University Health Sciences Center and an affiliate of the Free Market Institute at Texas Tech University. In 2020, Dr. Berdine was warning about efficacy and risks claims being made over covid vaccines, which are at the forefront of a recent lawsuit by the State of Texas against Pfizer. Ryan and Tho discuss the case with Dr. Berdine, as well as the lessons learned from the government's response to covid and what is fueling the authoritarian capture of the American medical industry. "What the Covid Vaccine Hype Fails to Mention" by Gilbert Berdine: https://Mises.org/RR_163_A "United Kingdom Mortality Data by Age Group and Vaccination Status: Looking at Vaccine Effectiveness" by Gilbert Berdine: https://Mises.org/RR_163_B "Real Scientific Inquiry Requires Dissent. But That's Not What the CDC and JAMA Want." by Gilbert Berdine: https://Mises.org/RR_163_C "Can Austrian Economics Save Medicine?" by DR. MICHEL ACCAD: https://Mises.org/RR_163_D Claim your free book: https://Mises.org/RothPodFree Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

In 2019, Harvard Law Professor Elizabeth Bartholet published an article calling for a “presumptive ban” on homeschooling, which she believed conflicted with Progressive ideals. “Homeschooling presents both academic and democratic concerns,” she argued. Public education “makes children aware of important cultural values and provides skills enabling [them] to participate productively in their communities and the larger society through various forms of civic engagement. Even homeschooling parents capable of satisfying the academic function of education are not likely to be capable of satisfying the democratic function.” Bartholet published her condemnation of homeschooling as faith in America’s public school system was plummeting, yet she neglected to provide any comparative analysis. So how do the two systems stack up? Following Progressive educational theories, the federal government began exerting more authority over the educational system in the twentieth century, imposing national standardized testing in 1965 and establishing a federal educational bureaucracy, the Department of Education, in 1979. In the twenty-first century, both George Bush’s No Child Left Behind and Barack Obama’s Common Core demanded even more federal funding, bureaucratic oversight, and standardized testing for public schools. The results have been dismal. Since 1970, the U.S. has massively increased educational expenditures, mostly to expand school administration, which has vastly outpaced the growth of both students and teachers. Today, taxpayers spend more than $15,000 per public school student. Yet test scores have largely flatlined and, in some areas, even declined. These results became especially bleak after No Child Left Behind tied school funding to test scores, pressuring teachers to devote more time to “teaching the test,” at the expense of other subjects. Homeschool students, by contrast, consistently outperform their public school counterparts by as much as 30 percentile points, even when comparing students from households with similar economic and education levels. These disparities should not be surprising when considering the incentives involved. When you spend your money on your children, you will likely be more attentive to both the cost and quality of education than bureaucrats spending somebody else’s money on somebody else’s children. It is also puzzling how public schools promote social development by grouping children according to their age, creating an environment where students interact almost exclusively with children at the same level of maturity. Despite “socialization” being the most commonly cited benefit of public education, homeschoolers significantly outperform their public-school peers when tested for social, emotional, and psychological development. Far from being isolated, they enjoy greater opportunity to socialize with people of all ages. Homeschool co-ops, for example, bring students together for group lessons, often taught by parents with expertise in the subject. Unfortunately, many families that would prefer to homeschool simply can’t afford to withdraw their children from public schools, which begs the question of why the government forces them to continue financing the very schools they are trying like to flee? ______________________________________ Want to learn more? For more animated content, check out Economics for Beginners at https://BeginEconomics.org.

In this week's episode, Mark looks at the implications of famed investor Jim Chanos shutting down his hedge fund which specialized in shorting stocks. The closure comes as stock markets in the US hit all time record highs. Mark frames these two events in light of the Austrian Theory of the Business Cycle. Be sure to follow Minor Issues at https://Mises.org/MinorIssues Get your free copy of Murray Rothbard's Anatomy of the State at https://Mises.org/IssuesFree Additional Resources "The Social Function of Stock Speculators" by Robert P. Murphy: https://Mises.org/Minor46_A "Short Sellers Keep the Market Honest" (Wall Street Journal) by Jim Thanos: https://Mises.org/Minor46_B "Jim Chanos, Short Seller Who Took on Enron and Tesla, to Close Hedge Funds" (Wall Street Journal) by Gregory Zuckerman Follow and Peter Rudegeair: https://Mises.org/Minor46_C

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the aftermath of Javier Milei's election in Argentina. The two discuss the value Milei's victory has for libertarianism and Austrian economics, the challenges he immediately faces, and what steps are necessary for him to turn a winning campaign into an impactful presidency. "The United States Needs Its Own Javier Milei" by Connor O'Keeffe: https://Mises.org/RR_161_A "An Anarchist’s Pragmatic Plan of Government for Argentina" by Manuel García Gojon: https://Mises.org/RR_161_B "A Statement on Javier Milei from Spanish Libertarians" by Jesús Huerta de Soto & Philipp Bagus: https://Mises.org/RR_161_C "Rothbard, Milei and the New Right in Argentina" by Fernando Chiocca: https://Mises.org/RR_161_D Claim your free book: https://Mises.org/RothPodFree Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Ryan and Zachary discuss the basics of Just War Theory and whether a "moral war" is possible. They also discuss the theory's origins in natural law, and how the theory relates to pacifism, wealth, and war crimes. Be sure to follow War, Economy, and State at https://Mises.org/WES. Additional Resources "Get the US Out of the Middle East" by Ryan McMaken: https://Mises.org/WES_15_A "American History Is a Preview of the Israel-Palestine End Game" by Ryan McMaken: https://Mises.org/WES_15_B "Ethnic Interest Groups Fuel the American Warfare State" (War, Economy, and State): https://Mises.org/WES_15_C Douglas Murray on having a "proportionate response” in a conflict: https://Mises.org/WES_15_D

In this week's episode, Mark reports on Pimco's former financial guru Mohamed El-Erian and his new views on the Fed. Mark also does some minor deconstruction of recent financial news to paint a clearer picture of imminent recession—something mainstream economists will be reluctant to call until 2025. Be sure to follow Minor Issues at Mises.org/MinorIssues.

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge, an economic fellow with the Heritage Foundation and frequent Mises Wire author. With the costs of financing the national debt now exceeding the costs of military spending and major social programs, Peter explains why government spending is now a crisis the regime can't ignore. "Sovereign Debt is Eating the World" by Peter St. Onge: Mises.org/RR_160_A "There's No Easy Way Out of This Debt Spiral" by Ryan McMaken: Mises.org/RR_160_B ProfStOnge.com Claim your free book: Mises.org/RothPodFree Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug PROMO CODE: RothPod for 20% off

"The inflationary process is indispensable for masking the capital decumulation crisis precipitated by war mobilization, which would otherwise be swiftly revealed to one and all by monetary calculation. In the absence of the veil cast over real economic processes by inflation, skyrocketing interest rates, plummeting stock and bond markets, and pandemic business bankruptcies and bank runs—not to mention the levying of confiscatory kinds and levels of taxation—would serve to rapidly and significantly dampen the public's enthusiasm for the alleged glories of war." Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama: https://mises.org/library/the-costs-war Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics. Professor Salerno also held the inaugural John V. Denson II Endowed Professorship in the economics department at Auburn University.

"Since 1918, practically all indicators of high or rising time preferences have exhibited a systematic upward tendency: as far as government is concerned, democratic republicanism produced communism (and with this public slavery and government sponsored mass murder even in peacetime), fascism, national socialism and, lastly and most enduringly, social democracy ("liberalism"). Compulsory military service has become almost universal, foreign and civil wars have increased in frequency and in brutality, and the process of political centralization has advanced further than ever before." Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama: https://mises.org/library/the-costs-war Hans-Hermann Hoppe, an Austrian School economist and libertarian/anarcho-capitalist philosopher, is Professor Emeritus of Economics at UNLV, Distinguished Senior Fellow with the Mises Institute, founder and president of The Property and Freedom Society, former editor of the Journal of Libertarian Studies, and a lifetime member of the Royal Horticultural Society. He is married to economist Dr. A. Gulcin Imre Hoppe and resides with his wife in Istanbul.

"In a way, Churchill as man of the century would be totally appropriate. The 20th century has been the century of the state, of the welfare state and of the warfare state. And Churchill was, from first to last, a man of the state, the welfare state and of the warfare state." Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama: https://mises.org/library/the-costs-war Ralph Raico (1936–2016) was professor emeritus in European history at Buffalo State College and a senior fellow of the Mises Institute. He was a specialist on the history of liberty, the liberal tradition in Europe, and the relationship between war and the rise of the state. He is the author of The Place of Religion in the Liberal Philosophy of Constant, Tocqueville, and Lord Acton.

"If World War I gets insufficient notice from students of the growth of government, World War II gets even less. Too often, it is viewed as a discrete event, an episode when government took on awesome dimensions but then relinquished the new powers after victory had been won, more or less returning the relations between government and civil society to the prewar status quo. Nothing of the sort happened, or could have happened. A politico-economic undertaking of such enormous magnitude does not just come and go, leaving no trace." Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama: https://mises.org/library/the-costs-war Dr. Robert Higgs is retired and lives in Mexico. He was a senior fellow in political economy for the Independent Institute and longtime editor of The Independent Review; he was also a senior fellow of the Mises Institute. He is the 2007 recipient of the Gary G. Schlarbaum Prize for Lifetime Achievement in the Cause of Liberty, and the 2015 Murray N. Rothbard Medal of Freedom.

"The truth is that very few people know anything about war. In an infantry division, for example, fewer than half the troops actually fight. That is, with rifles, mortars, machine guns, grenades, and trench knives. The others, thousands on thousands of them, are occupied with truck driving, mimeograph machineoperating, cooking and baking, ammunition and ration supplying, and similar housekeeping tasks. Now, those things are no doubt necessary, but they're hardly bellicose. And they hardly provide the sort of experience which can issue as trustworthy testimony about what the word *war* might mean." Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama: https://mises.org/library/the-costs-war Paul Fussell (1924–2012) served with the 103rd Infantry Division in World War II. He was wounded during the Rhineland campaign. His many books include his autobiography: Doing Battle: The Making of a Skeptic (Little, Brown).

"It has been said that the combat veteran has to live through the experience and then, if he survives, he has to live with it the rest of his life. How you handle yourself and what you make of yourself depends a great deal on your upbringing, your discipline, and things of this sort." Recorded at the Mises Institute's "Costs of War" conference in May 1994 in Auburn, Alabama: https://mises.org/library/the-costs-war Eugene Sledge (1923-2001) is best known for his books chronicling his experiences in the Pacific Theater during World War II: *With the Old Breed: At Peleliu and Okinawa* and *China Marine: An Infantryman's Life after World War II*.

On this week's episode, Mark recaps Professor Guido Hülsmann's recent lecture on the cultural impact of the paper dollar. Hülsmann explains how an ever-inflationary monetary system and depreciating currency are leading to moral decay and divisiveness in America. Be sure to follow Minor Issues at https://Mises.org/MinorIssues. Additional Resources "The Cultural Impact of the Dollar" by Guido Hülsmann: https://Mises.org/Minor_42A "Abundance, Generosity, and the State: An Inquiry into Economic Principles" by Guido Hülsmann: https://Mises.org/Minor_42B

Recently Yaron Brook and Bryan Caplan debated the merits of anarchism at the Soho Forum. Bob critiques Brook's opening statement. Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: https://Mises.org/FL23 Human Action Podcast listeners can get a free copy of Per Bylund's How to Think About the Economy: https://Mises.org/HAPodFree The Soho Forum Debate: https://Mises.org/HAP419a Bob's Book on Market Anarchy, Chaos Theory: https://Mises.org/HAP419b Rothbard's Book on Natural Rights and the State, For a New Liberty: https://Mises.org/HAP419c Hans-Herman Hoppe's Book on Private Defense, The Private Production of Defense: https://Mises.org/HAP419d 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 Join Us in Ft. Myers on November 4 00:39 Free Book 01:24 Introduction 03:27 Yaron Brook's Minarchst Position 12:21 Defining Freedom 16:35 On Coercion and the State 24:19 Brook on Rights 28:08 Military in a Free Market Society 32:38 Corruption 37:21 Economics of Anarchy within a State 55:05 Brook on Crime and Punishment in a Free Society 1:00:01 Conclusion

It's about much more than just price inflation. Ryan and Jonathan Newman look at the many ways that America's central bank causes economic chaos while making us poorer and more unequal. Check out the lectures from Supporters Summit: https://Mises.org/ss23 Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Paul Dietrich. 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/

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Jule and Lynne Herbert. 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/

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Scott and Cathy Ullery. 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/

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Bob Tancula. 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/

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Brian and Shanna Tvenstrup. 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/

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 14 October 2023. Includes an introduction by Dr. Sandra Klein and audience question and answer period. Sponsored by Gregory and Joy Morin. 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 | Dr. Sandra Klein 02:26 The Cultural Impact of the Dollar | Dr. Guido Hülsmann 37:19 Q&A

On this week's episode, Mark takes a look back to where our dollar came from. Our nation started with silver as money: the Silver Dollar, and before that the Spanish Peso in colonial times. That type of large silver coin goes back to the early 1500s and the Early Modern Era when such coins expanded trade, improved the food supply, led to commercially produced clothing, and gradually changed housing from mud-and-grass construction to brick-and-lumber construction. Our modern paper dollar is worth less than 5% compared to silver. Be sure to follow Minor Issues at https://Mises.org/MinorIssues.