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On this episode of Power and Market, Ryan, Connor, and Tho discuss military escalation with Venezuela, more troubling jobs data, and how college football offers an example of how financialization, politicalization, and bad economy theory can undermine great American traditions.

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The Lane Kiffin saga has dominated sports headlines this past week, highlighting the sea changes that have come over college sports—an especially college football—in the past decade. Much of this change is being driven by the easy money regime of the Federal Reserve.

Original article: https://mises.org/mises-wire/lane-train-and-rest-college-football-madness-has-been-fueled-easy-money

In a special midweek episode of the Minor Issues podcast, Mark Thornton appears on Palisades Gold Radio with Stijn Schmitz. Mark argues that gold’s surge isn’t a fad: it’s a market verdict on runaway deficits, central-bank credibility, and fiat money itself. He also explains why manipulated rates breed booms, busts, and inequality, while sound money and decentralization restore real signals.

The original episode ("Dr. Mark Thornton: Early Innings for Gold, Silver Manipulation, Black Swans & Failing Markets") is available at https://www.youtube.com/watch?v=c2FUnca1q3c

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

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

Original article: https://mises.org/mises-wire/zohran-mamdanis-socialism-flunks-basic-economics

Mark Thornton dissects “contagion” hype and argues it’s not a market pathology. He shows why, in a free market, failures reallocate customers, labor, and capital to better firms rather than spread panic. Contagion appears only when government links balance sheets and distorts prices. Mark traces how credit booms set up busts, and why even the Fed now sits upside-down, while homeowners are “rate-locked” and supply is frozen. The takeaway: politicians and central bankers invoke "contagion" to demand more power and money, while their interventions cause the very fragility they decry.

See also "Fight Inflation Now" (Minor Issues, episode 72): Mises.org/MI_72

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

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.

Original article: https://mises.org/mises-wire/thanksgiving-celebration-domestic-life

Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the role of the Fed and the gold standard, and the notion that World War II ended the slump.

• Bob's Article, "The Depression You’ve Never Heard Of: 1920-1921": Mises.org/HAP528a
• Bob's Talk, "Contrasting Views of the Great Depression": Mises.org/HAP528b
• The WIRED Video, "Economics Professor Answers Great Depression Questions": Mises.org/HAP528c

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

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

Original article: https://mises.org/mises-wire/thanksgiving-celebration-free-enterprise

50-year mortgages are likely to increase the likelihood of more "owners" becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price. 

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

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From the perspective of the state, the ideal society is one composed of single parents raising a small number of children in irreligious households.

Original article: https://mises.org/mises-wire/families-are-key-building-alternatives-state