Mises Media

As we continue to celebrate the centennial of the birth of Murray Rothbard, Wanjiru Njoya reminds us that he never compromised his principles and stood for liberty throughout his all-too-brief life.

Original article: https://mises.org/mises-wire/rothbard-never-abandoned-his-principles

Daniela Cambone interviews Dr. Mark Thornton on why gold’s surge signals a deeper breakdown: collapsing confidence in dollar assets, runaway deficits, and debt-service costs heading for a fiscal wall. Mark also explains why he’s even more bullish on silver than gold, warning that precious metals aren’t a panacea without real monetary reform.

The original interview is available at https://www.youtube.com/watch?v=G1HNeez2v1g

Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do not explain it. Only the Austrian theory of time preference correctly explains interest.

Original article: https://mises.org/mises-wire/popular-interest-rate-theory-describes-fails-explain

Modern academic historians have been captured by the cultural Marxists, no matter how much they deny the obvious truth.

Original article: https://mises.org/mises-wire/cultural-marxism-masquerading-true-history

As war drums beat again, this time against Iran, we ask ourselves if recklessness from Donald Trump and European and Israeli leaders is pushing us to catastrophe.

Original article: https://mises.org/mises-wire/another-stone-age-making

On the latest episode of Minor Issues, Mark Thornton tackles the “Austrians don’t care about the poor” smear, arguing that Austrian monetary theory is designed to explain how political elites rig the system against working people. From Cantillon’s original gold mine thought experiment to today’s Fed-driven credit expansion, Mark explains how cheap money concentrates wealth and fuels the “K-shaped” economy, while a market-based monetary system would sharply limit this dynamic and restore more durable wage growth and stability.

"Share of Net Worth Held by the Top 1%" (Federal Reserve Bank of St. Louis): https://mises.org/MI_168_Graph

"Monetary Metals 101: How Gold and Silver Work in a Free Market" (Minor Issues, Episode 141) https://mises.org/MI_141

"The K-Shaped Economy" (Minor Issues, Episode 150): https://mises.org/MI_151

"Past Tense" (Minor Issues, Episode 83): https://mises.org/MI_83

"The Fed vs. the Real Economy" (Minor Issues, Episode 58): https://mises.org/MI_58

Order a free paperback copy of Hayek for the 21st Century by F. A. Hayek: https://mises.org/Hayek21

Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler

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

In commemoration of Murray Rothbard’s 100th birthday, Bob shares five “greatest hits” from Rothbard’s economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.

Related:

• Rothbard, Making Economic Sense: Mises.org/HAP541a
• Rothbard, "Toward a Reconstruction of Utility and Welfare Economics": Mises.org/HAP541b
• Rothbard, Man, Economy, and State with Power and Market: Mises.org/HAP541c
• Bob's Study Guide to Man, Economy, and State with Power and Market: Mises.org/HAP541d

Join the Mises Institute on Saturday, April 25 in San Diego, CA to discuss California's fall from grace. Today, it's known for high taxes, bureaucrats, and leftwing billionaires. Is this a warning to the rest of America? Register now at Mises.org/CAHAP

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses of the central state. Allowing the central state to have a monopoly on coercive power is always a mistake. 

Original article: https://mises.org/mises-wire/only-power-can-check-power

On this episode of Power & Market, Ryan, Connor, and Tho look at the economic fallout from the war in Iran. How has Iran been able to control the Strait of Hormuz? How might central bankers react? And draft talk out of Washington? Tune in to hear about this and more, as well as a preview of next week's Libertarian Scholars Conference and Austrian Economics Research Conference.

The Duke Lacrosse Case would never have been a legal item had not the police and prosecutors of the case lied and broken the law on numerous occasions. Here is a small sampling of the lies they told.

Original article: https://mises.org/mises-wire/duke-lacrosse-case-20-years-later-how-durham-law-enforcement-promoted-criminal-conspiracy