Mises Media

The rhetoric of independence allows the Treasury and the Fed to cooperate when convenient and deflect blame when something goes wrong.

Original article: https://mises.org/mises-wire/imaginary-world-fed-independence

Kevin Duffy reads gold's bull market through an Austrian investor's lens — America's "imperial bubble" and the gold demand driving it from a rising East.

Recorded in Albuquerque, New Mexico, on August 15, 2026. Special thanks to George and Sally Gundrey for sponsoring this event.

Ryan McMaken shows how seizing control of money was central to building the modern state — a centuries-long project that culminated in World War I destroying the gold standard.

Recorded in Albuquerque, New Mexico, on August 15, 2026. Special thanks to George and Sally Gundrey for sponsoring this event.

Mark Thornton uses Austrian theory to explain where money came from — Menger's bottom-up origin of money — and why gold makes for sound money and smaller government.

Recorded in Albuquerque, New Mexico, on August 15, 2026. Special thanks to George and Sally Gundrey for sponsoring this event.

JP Cortez argues fiat money is a hidden theft, and that the fix is a bottom-up, state-level push to remove the taxes and rules that stop Americans from freely choosing gold and silver.

Recorded in Albuquerque, New Mexico, on August 15, 2026. Special thanks to George and Sally Gundrey for sponsoring this event.

Mark Thornton, Ryan McMaken, Kevin Duffy, and JP Cortez close out the 2026 New Mexico Mises Circle by taking audience questions on gold, silver, Bitcoin, investing in China, the fate of the dollar, and the ballooning national debt.

Recorded in Albuquerque, New Mexico, on August 15, 2026. Special thanks to George and Sally Gundrey for sponsoring this event.

Mark Thornton revisits his Mises University lecture on government intervention and economic inequality, arguing that intervention does not merely shrink the economic pie: it changes who gets the biggest slices. Drawing on Rothbard’s distinction between specific and general factors of production, Mark also shows how regulations, subsidies, tariffs, licensing, healthcare rules, and monetary policy reward protected firms, specialized capital, and politically favored workers while forcing everyone else into less productive, lower-paying alternatives.

On Side B, Mark joins the David Lynn Show to discuss tariffs, the Fed, the business cycle, the Skyscraper Curse, AI data centers, war risks, diesel and fertilizer shortages, and why today’s boom may be approaching its breaking point.

2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 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.

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Democrats learned the hard way that voters don’t like being told the economy is great when they’re struggling to afford everyday life. Now Republicans have chosen the same strategy.

Original article: https://mises.org/mises-wire/return-economic-gaslighting

Months ago, the administration said the war's goals were regime change and the removal of all uranium from Iran. We never hear about that anymore because the war has failed to produce either goal. Instead, Trump calls for opening the Strait of Hormuz, which had been open before the war.

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On this episode of Power & Market, Ryan and Tho are joined by Dr. Jonathan Newman to discuss recent economics headlines, including interventions to prop up the yen, a bad jobs report, and troubling signs in bond markets.