Mises Media

Tim Terrell offers a critical examination of higher education’s economic structure, exploring how federal subsidies, credential inflation, and misaligned incentives have driven rising costs and declining academic rigor. Drawing on Austrian insights, he questions whether universities still serve their educational mission, or have become consumption-driven institutions shaped by bureaucratic interests and distorted signals.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Tate Fegley analyzes the deep state through the lens of Austrian economics, showing how bureaucratic insulation, lack of economic calculation, and political incentives lead to cronyism and inefficiency. Focusing on defense procurement and media influence, he argues that systemic dysfunction—not bad actors—is the primary driver of deep state behavior.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.

Original article: https://mises.org/mises-wire/open-letter-treasury-secretary-bessent

Bob Murphy examines Henry Hazlitt’s treatment of inflation in Economics in One Lesson, highlighting key insights on monetary expansion, Cantillon effects, and the distinction between nominal and real variables. The lecture offers a clear, Austrian perspective on why inflation distorts rather than enriches, and why its consequences are uneven and often misunderstood.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Through a detailed, real-time narrative, Tom Woods examines the inconsistencies, unintended consequences, and bureaucratic incentives behind lockdowns, mask mandates, and public health messaging. Supplemented by empirical data and firsthand accounts, the lecture highlights the human and institutional costs of the crisis response, while underscoring the Mises Institute’s principled opposition to prevailing narratives.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Bob Murphy and Jonathan Newman take on the rising popularity of Modern Monetary Theory and explain why it stands in direct opposition to Austrian economics. Using clips from the documentary Finding the Money, they critique MMT's core assumptions, from government spending and deficit myths to the origins of money itself. They offer historical evidence, economic logic, and biting rebuttals to MMT’s claims, exposing its flaws and clarifying what’s really at stake in today’s monetary debates.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

The news that Starbucks is closing sixteen stores due to customer safety concerns exposes the lack of police protection in cities and the problems with allowing noncustomers to remain in stores.

Original article: https://mises.org/mises-wire/private-property-and-customer-safety-starbucks-learns-hard-lesson

Lucas Engelhardt challenges conventional applications of game theory by integrating the Austrian perspective on entrepreneurship, showing how creative action can resolve apparent economic impasses like the prisoner's dilemma, the tragedy of the commons, and coordination failures.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Paul Cwik and Shawn Ritenour revisit the often-overlooked "forgotten Austrians" who extended Mengerian economics beyond Vienna. From Wicksteed and Fetter to Strigl and Smart, this session highlights how the early Austrian tradition flourished across borders, until it was eclipsed by Walrasian formalism and Anglo-American Marshallianism.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”

Original article: https://mises.org/mises-wire/do-wnba-players-really-want-be-paid-what-they-are-owed