Mark Thornton replays his wide-ranging Kitco News interview with Jeremy Szafron, connecting today’s “two economies” to Ludwig von Mises’s Austrian business cycle theory. Easy money and credit inflation lift asset owners, big corporations, and government finance, while working families get the bill through higher prices and weaker real wages. They discuss late-cycle signals in tech and AI and broader corporate credit, and how war-driven energy shocks feed into a wider commodity surge. Mark also breaks down Cantillon effects at the kitchen-table level and closes with bottom-up strategies like local resilience, savings, and removing tax barriers to using gold and silver as practical inflation protection.

2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfree

Register for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire

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Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this.

Original article: https://mises.org/mises-wire/us-constitution-now-suicide-pact

On this episode of Power and Market, Ryan, Connor, and Tho discuss the results of the most expensive Congressional race in American history. What does the defeat of Thomas Massie tell us? What does this mean for libertarian strategy? Should we black-pill? Tune in for this and more.

Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.

Original article: https://mises.org/power-market/economic-problem-behind-zohran-mamdanis-government-grocery-plan

Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.

Original article: https://mises.org/mises-wire/great-reversal-how-social-contract-theory-became-state-apologetics

Buc-ee’s—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.

Original article: https://mises.org/mises-wire/buc-ees-free-market-triumph-or-simply-capitalist-oppression

AI has created enormous demand for new data centers, and many communities do not want them nearby. The Rothbardian answer is not blanket permission or blanket prohibition, but a property-rights framework and the return of market forces that government policy has largely displaced.

Read the article here: https://mises.org/mises-wire/rothbardian-case-against-bad-data-center-policy

2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/gabfreebook

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

While upholding the radical ideal, Rothbard combined idealism with realism, scholarship with accessibility, and boundless curiosity with commitment to truth.

Original article: https://mises.org/articles-interest/murray-n-rothbard-legacy-liberty

Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.

Original article: https://mises.org/mises-wire/economics-sociological-foundation-civilization

Washington is pursuing industrial policy again, this time being an attempt to form a minerals consortium with other countries to secure minerals vital to US manufacturing. No doubt, this initiative will end up on the ash heap of bad policy.

Original article: https://mises.org/mises-wire/minerals-consortium-will-result-malinvestment