Recent Podcast Episodes
Competition and Monopoly
Competition is a relentless, dynamic process of entrepreneurship and discovery.
The Austrian Theory of the Business Cycle
Paul Cwik explains how artificial credit expansion triggers unsustainable booms and inevitable busts.
Secession Is Inevitable. War to Prevent It Is Optional
The answer lies not in doubling down on political unity, maintained through endless violence or threats of violence. Rather, the answer lies in peaceful separation.
I, Mises University
Just as no one in the world could possibly make something as simple as a pencil all by himself, as the great Leonard Read explained in his famous essay, I, Pencil, so it is with Mises University.
Rethinking Sociology with Mises: A New Austro-Libertarian Framework for Understanding Society
Is Austrian Economics compatible with modern sociology, which is presently dominated by collectivists? However, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.
The Silent Guardian of Liberty: Hans F. Sennholz and the Seed of Mises in America
The biography of Hans F. Sennholz reads like a paradoxical novel—as if the protagonist had journeyed backward through the twentieth century.
Understanding the Doctrine of States’ Rights
What do we mean by “states‘ rights”? Mises scholar, Wanjiru Njoya, takes us through the discussion to show us how different people have tried to define and explain that term.
Banking
David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation.
Money
Dr. Sandy Klein walks through the origins and essential functions of money, showing how barter’s pitfalls led to the spontaneous emergence of money as a medium of exchange.
Subjective Value and Market Prices
Price theory is the cornerstone of the foundation of economic calculation.
The Birth of the Austrian School
Professor Salerno traces the birth of the Austrian School to Carl Menger’s revolutionary insight.
The Questionable Role of Quantitative Methods in Economics
Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.
Selling the Public Lands
Some in Congress are floating the idea of selling government land -- especially in the West -- as a way to pay down federal debt and free more land for housing. While this might seem like a free market "solution," we should remember that the government is a rapacious monopoly.
Austrian Economics in the Age of MAGA
The right dismisses economics at its peril.
Why Jay Powell’s Fed Will Not Cut Interest Rates
Trump wants rate cuts. Is Powell stalling for the dollar’s sake, or his own?