Mises Media

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.

Original article: https://mises.org/mises-wire/lies-damn-lies-and-history-capitalism

On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see: that Greenspan replaced economic theory with intuition, replaced analysis with data-worship, and called his guesswork a science.

Original article: https://mises.org/mises-daily/greenspans-empty-talk

Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy.

Original article: https://mises.org/power-market/alan-greenspan-dies-100

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.

Original article: https://mises.org/mises-wire/sixth-republic

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.

Original article: https://mises.org/mises-wire/why-you-shouldnt-trust-bureaucrats

Mises Editor-in-Chief Ryan McMaken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire.

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Mark Thornton examines Kevin Warsh’s first Fed meeting and argues that despite the tough rhetoric, nothing fundamental has changed. The Federal Reserve still exists to keep government borrowing cheap, protect banks and Wall Street, and manage appearances while real inflation erodes household purchasing power.

Mark explains why real interest rates are already low or negative, how Fed liquidity continues to fuel asset bubbles, and why AI, data centers, government debt, and stock-market leverage all point to late-stage business-cycle danger. 

On Side B, Thornton joins Murray Sabrin to discuss the economy, the Skyscraper Curse, gold, commodities, and the practical habits that help people navigate a rigged monetary system.

2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. 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

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

Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored.

Original article: https://mises.org/power-market/why-stable-systems-fail-illusion-institutional-control

As technology advances, progressives believe that this time, all of their social engineering and attempts to establish socialism will finally come to fruition. They are in for a rude surprise.

Original article: https://mises.org/mises-wire/institutional-closure-why-managed-directivism-breeds-its-own-collapse

Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk's average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.

Related:

• Professor Antràs' Paper, "An ‘Austrian’ Model of International Specialization": Mises.org/HAP554a
• Bob's Article, "The Reswitching Question": Mises.org/HAP554b