Mises Media

David Gordon lays out praxeology—the science of human action—and the deductive method that sets Austrian economics apart. With characteristic wit, he distinguishes valid arguments from sound ones, weighs Rothbard's "it's just self-evident" grounding of the action axiom against Mises's a priori approach, and shows why economic truths deduced by pure logic can still be genuinely surprising.

Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2026.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

In the opening lecture of Mises University, Joseph Salerno returns to 1871, when Carl Menger's Principles of Economics launched the Austrian school. Salerno shows how Menger's law of marginal utility solved the ancient "paradox of value"—why life-giving water is cheap and useless diamonds dear—and, in doing so, moved economics away from the classical focus on the businessman and cost, and toward the acting, wanting human being.

Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2026.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Opening the 40th Mises University, Professor Hülsmann tells how the Austrian school came back from near-extinction—and why Mises U was central to its revival. Drawing on his own front-row experience, he traces the network of scholars who trained in Auburn and then carried Austrian economics across Europe, from Madrid to Prague to Vilnius.

Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2026. Sponsored by Olivier Pinson. Includes a welcome and introduction by Joseph T. Salerno.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Mark Thornton looks at the growing strength of democratic socialism inside the Democratic Party and asks whether the United States may be entering another era of major party realignment. Drawing on Rothbard’s analysis of long-term ideological change, Mark explains how younger voters, burdened by debt, unaffordable housing, healthcare, and education, are understandably angry—but are turning toward policies that helped create the crisis. Mark also examines how war, inflation, government intervention, and broken political promises are reshaping both major parties.

On Side B, Thornton joins the Liberty and Finance podcast to discuss monetary disorder, central bank digital currencies, programmable money, AI-driven surveillance, the war on cash, and the need for education and resistance against the next monetary reset.

"Keith Knight’s Top Ten Problems with Democratic Socialism" (Human Action Podcast) with Bob Murphy: https://mises.org/MI_186_A

"How Democratic Socialists of America Has Developed Into a Movement Party" by David Duhalde: https://mises.org/MI_186_B

"The Myth of Democratic Socialism" by Murray Rothbard: https://mises.org/MI_186_C

"How Democratic Socialism Created California's Housing Crisis" by Chris Calton: https://mises.org/MI_186_D

"Democratic Socialism IS Totalitarianism" by Bill Anderson: https://mises.org/MI_186_E

"How to Fix the Economics of Healthcare" by Bob Murphy: https://mises.org/MI_186_F

2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree

20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.

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

Democratic socialists insist the horrors of the twentieth century were a betrayal of their ideal—that their version would be staffed by good people, to good ends. In this 1977 essay, Murray Rothbard argues the brutality is inherent in the system, not the personnel, which makes "humanistic" or "democratic" socialism a contradiction in terms.

Originally published in the Libertarian Review.

While people claim they want the "virtuous" state with citizens to match, what we really get is realpolitik, whether we want it or not.

Original article: https://mises.org/mises-wire/evolution-politics-civic-virtue-realpolitik

Bob sits down with the managing editor of the Libertarian Institute, Keith Knight, to sample arguments from his recent four-hour video cataloguing sixty-four problems with democratic socialism.

Related:

• Find More from Keith Here: Mises.org/HAP559a
• 64 Arguments Against Democratic Socialism: Mises.org/HAP559b
• Keith's Domestic Imperialism: Nine Reasons I Left Progressivism: Mises.org/HAP559c

On this episode of Power and Market, Ryan, Tho, and Connor discuss the death of Lindsey Graham, the questions around Mitch McConnell, and provide a preview of next week's Mises University.

While we speak highly of “rule of law” and the “limited state,” the unfortunate truth is that the modern state is a law unto itself. 

Original article: https://mises.org/mises-wire/predatory-logic-state

Murray Rothbard saw government as a predatory, criminal entity and the Microsoft lawsuit of 1998 proved to be a classic example of government organized crime in action.

Original article: https://mises.org/mises-wire/rothbards-definition-government-organized-crime-microsoft-antitrust-case