Mises Media

The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.

Original article: https://mises.org/mises-wire/do-financial-markets-operate-upon-superior-knowledge

The poet, the opera, and the Terror: when art dares to confront the violence of power. How one artist portrays the French Revolution and the political terror it unleashed is a grim reminder of what today's Bastille Day celebrations ignore.

Original article: https://mises.org/mises-wire/guillotine-and-lyre-what-andrea-chenier-reveals-about-french-revolution

Bob goes solo to make a comprehensive case for abolishing the Federal Reserve and explains what life afterward would look like. He dives into the Fed’s marked history, its questionable track record, and the secrecy surrounding its creation and ongoing operations. Bob also outlines a practical, step-by-step approach for transitioning away from the Fed, returning monetary control to a gold standard, and restoring economic stability and transparency.

• Bob's Recent ZeroHedge Debate,"Should We End the Fed?": Mises.org/HAP508a
• Understanding Money Mechanics: Mises.org/HAP508b

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

In the latest episode of Minor Issues, Mark Thornton unpacks a deceptively simple question and follows its answer deep into the heart of economic history and theory. Drawing on insights from Hayek, Cantillon, Menger, and even WWII prisoner-of-war camps, Mark explores how money actually emerged—not from the decrees of kings or bureaucrats, but from the spontaneous actions of everyday people solving real problems in a barter economy. Mark challenges the fable of state-created money and confronts the dangerous logic of Modern Monetary Theory. This is not just a history lesson—it's a blueprint for understanding inflation, fiat failure, and the path to sound money.

"Who Really Invented Bitcoin?" (Minor Issues, episode 128): https://mises.org/MI_128

An Essay on Economic Theory by Richard Cantillon (see Part 1, Chapter 17, "Metals and Money, and especially of Gold and Silver"): https://mises.org/MI_128_A

Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Murray Rothbard called egalitarianism a "revolt against nature," and he believed that the egalitarianism inherent in the Fourteenth Amendment was socially harmful. Social engineering never turns out well, but that doesn't discourage progressives from engaging in it.

Original article: https://mises.org/mises-wire/social-engineering-under-fourteenth-amendment

Critics of free markets such as Oren Cass claim that Austrians and other supporters of the free economy are engaged in “market fundamentalism.” However, support for free markets is not an act of blind faith but is based upon understanding of how markets actually work.

Original article: https://mises.org/mises-wire/debunking-myth-market-fundamentalism

The P&M group discusses Trump’s reversals, capitulations, and outright failures to fulfill popular campaign promises, and what Trump supporters should take away from all this.

For more information and to subscribe, visit https://Mises.org/P&MPod

Throughout history, decentralization and secession have helped pave the way for more individual freedom. Naturally, political elites want to centralize everything, thus setting off the eternal battle between centralizers and decentralizers.

Original article: https://mises.org/mises-wire/forces-centralization-and-struggle-freedom

When does philosophy degenerate into simple propaganda? In this week's Friday Philosophy, Dr. David Gordon examines the writings of Jürgen Habermas, concluding that much of what Habermas said was little more than ginned up Marxism.

Original article: https://mises.org/friday-philosophy/jurgen-habermas-philosopher-marxist-propagandist

Original article: https://mises.org/power-market/libertarian-silence-japan