Mises Media

Elon Musk becoming the world’s first trillionaire has triggered a familiar round of progressive outrage. But the imprecise focus on wealth distribution obscures the real issue: how much of modern wealth is acquired through politics rather than production.

Read the article here: https://mises.org/mises-wire/musk-trillionaire-panic-distraction

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/gabfreebook

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

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.

Original article: https://mises.org/mises-wire/why-justice-mattered-rothbard

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.

Original article: https://mises.org/mises-wire/raising-interest-rates-does-not-counter-inflation

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.

Original article: https://mises.org/mises-wire/fear-signal-why-state-urgently-wants-bind-prediction-markets

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI's excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money. 

Original article: https://mises.org/mises-wire/sound-money-artificial-intelligence-and-pope

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.

Original article: https://mises.org/mises-wire/april-money-supply-growth-hit-49-month-high-and-prices-soared

Regulatory systems are infamous for creating “traps” in seem to be impervious to reform. Regulators seek to “drain the swamp,” but, instead, find themselves up to their necks in alligators.

Original article: https://mises.org/mises-wire/moloch-regulatory-state

Bob sits down with economists Alexander Salter and Joshua Hendrickson to discuss their new paper arguing that the standard Austrian critique of the Fed while correct, is fundamentally incomplete. They argue that the Fed's actual institutional role is to backstop U.S. dollar hegemony: the deliberately constructed post-Bretton Woods system in which the dollar serves as the world's reserve currency, U.S. Treasuries as the global safe asset, and the Fed as buyer of last resort for sovereign debt worldwide.

Related:

• Hendrickson & Salter, "Should We End the Fed? Can We?": Mises.org/HAP553a

On this episode of Minor Issues, Mark Thornton opens with a review of John Mearsheimer’s Why Do Politicians Lie?, focusing on strategic deception in international affairs, especially in the Middle East, Israel, Vietnam, Iraq, and America’s own constitutional history. Mark argues that political lies are not merely moral failures; they are tools for empire, war, and state expansion.

On Side B, Thornton joins What The Finance to explain how runaway spending, Fed liquidity, and Austrian business cycle theory reveal the deeper mechanics behind today’s markets. He discusses the AI and data-center bubble, the Fed’s role in sustaining malinvestment, the pressure on working families, and why gold, silver, and commodities are benefiting from a long era of monetary inflation and political dysfunction.

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

Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states.

Original article: https://mises.org/mises-wire/abolitionist-movement-antebellum-south