Mises Media

A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others.

Original article: https://mises.org/power-market/jeff-bezoss-yacht-driver-economic-activity

Understanding any era of history requires the ability to view complex things. However, people often employ simple narratives as their historical guides, which leads to wrong conclusions. The pre-war history of the American South is one that is much more complex than the narratives imply.

Original article: https://mises.org/mises-wire/complexity-historical-narratives

What use is the Fed's supposed devotion to being "data-driven" when the data itself is unreliable and the Fed is basing its policies on data that is thoroughly wrong?

Original article: https://mises.org/mises-wire/fed-says-it-data-driven-data-isnt-any-good

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.

Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value

In an attempt to compete with the Soviet Union by bringing future elite political leaders from Africa to study in US universities, Sen. John Kennedy and the CIA inadvertently spread Marxism here and abroad. One product of this program was bringing Mamdani's Marxist father to the US.

Original article: https://mises.org/mises-wire/how-jfk-and-cia-gave-nyc-zohran-mamdani-and-obama-us

Oklahoma City will be building a new arena for the 2025 NBA Champions Thunder. Not surprisingly, the taxpayers will be the ones carrying most of the financial burden.

Original article: https://mises.org/mises-wire/thunderously-bad-deal-oklahoma-citys-crony-arena-tax

Bob and Jonathan Newman respond in detail to Richard Werner’s highly discussed interview with Tucker Carlson. They examine Werner's claims about credit creation theory, fractional reserve banking, and money mechanics. Murphy and Newman also discuss Werner’s recommendations for banking reform, highlighting differences with Mises’s monetary insights and Austrian business cycle theory.

• The Tucker Carlson Show Episode with Richard Werner: Mises.org/HAP511a
• Playing with Fire: Money, Banking, and the Federal Reserve: Mises.org/HAP511b
• Bob's "Anatomy of the Fed" Mises Academy Course: Mises.org/HAP511c
• The Federal Reserve Bank of Chicago "Modern Money Mechanics" Workbook: Mises.org/HAP511d
• Bob's Book, Understanding Money Mechanics: Mises.org/HAP511e

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Why do gold and silver coins often cost more than the spot price, and why do those premiums seem to disappear when you try to sell? On this episode, Mark Thornton dives into the misunderstood world of precious metal premiums. Mark explains how market forces—not shady schemes—drive the spread between retail and wholesale prices, and why that spread has shifted dramatically in recent years. From minting costs to shifting demand between retail buyers and institutional giants, Mark unpacks what’s really behind those price tags, and why your shiny coins might be worth less than you think, even as spot prices rise.

Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

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It was no secret that President Franklin Roosevelt hated Germany and all things German. Heavily influenced by Silas Marcus MacVane. FDR embraced MacVane's left-leaning progressivism.

Original article: https://mises.org/mises-wire/origins-fdrs-teutonophobia

Many "social justice" advocates claim to appeal to a “higher law,” but they usually refuse to acknowledge economic laws because those laws stand in their way of creating the "just" society.

Original article: https://mises.org/mises-wire/austrian-perspectives-social-justice