Mises Institute

The irony of the Jimmy Kimmel controversy is that he owed his spot at ABC precisely because his work was non-political. Unfortunately in modern America, professional clowns feel they must become political tools.

Original article: https://mises.org/mises-wire/jimmy-kimmel-american-tragedy

Mark Thornton returns as a guest on the Liberty and Finance podcast with Dunagun Kaiser to walk through Ludwig von Mises’s three stages of inflation, and why today’s mix of towering deficits and money printing puts the US on the on-ramp to hyperinflation. Mark also connects sanctions and tariffs to global de-dollarization, explains why central banks are swapping Treasuries for gold, and breaks down his gold-to-silver trade. The conversation ranges from “black swans” to state-level sound-money moves, and closes with practical steps.

Additional Resources

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“Black Swans, Sequestered Capital, and the Next Bust” (Minor Issues): https://mises.org/MI_137

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“Hate speech” does not exist. At all. That’s a concept the Left invented to justify state-enforced censorship of speech the Left doesn't like.

As the Federal Reserve signals it doesn’t care about price inflation, we’re reminded the Fed is mostly motivated to ensure rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.

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One of the reasons Charlie Kirk was considered “divisive” was that he spoke out against the civil rights laws, which was interpreted as his supporting Jim Crow segregation. Yet, these laws did not increase liberty but rather imposed a new progressive vision on Americans.

Original article: https://mises.org/mises-wire/charlie-kirk-and-sacred-totem-civil-rights

Since the French Revolution, leftism has served as the impetus for many of the state’s worst massacres and totalitarian impulses.

On the latest episode of Minor Issues, Mark Thornton argues that “black swans” aren’t root causes but announcement effects of imbalances created by the Fed’s cheap-credit booms. He highlights Ball State economist James McLure’s idea of "sequestered capital"—R&D, financial innovations, and opaque private assets shielded from public information—which proliferate under artificially low rates. From the Dutch Tulip Bubble and 1929 investment trusts to today’s candidates—hedge-fund private deals, AI data centers, commercial real estate, and crypto—the pattern is the same: policy-driven credit expansion seeds the very “unknowns” that later trigger crises. The fix isn’t more regulation; it’s removing the fuel line of easy money.

See also "Sequestered Capital: An Overlooked Lacuna in the Capital Structure” by James McClure: https://mises.org/MI_137_A

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Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.

From interstate wars to local stabbings, violence is the ultimate expression of political action.

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Modern political life in the U.S. is increasingly defined by violence and toleration of violence against one's perceived enemies. The murder of Charlie Kirk has exposed the left's endorsement of deadly violence as a political tool.