Mises Institute

9/12/2026

Using Randall Wray's classroom "buckaroo" currency, Bob shows how MMT thinks about money, and the claim that a fiat currency's natural rate of interest is zero.

9/12/2026

Mark Thornton argues Washington’s political theater cannot paper over the mounting costs of war, sanctions, debt, and inflation.

9/12/2026

As the federal government continues to metastasize, rolling back state power will have to begin with the state governments. Florida is providing some good examples.

9/12/2026

As governments grow in size and power, some come to believe that this growth can go on indefinitely. But state power, too, has its limitations.

9/11/2026

In this week’s Friday Philosophy, Dr. David Gordon looks at philosopher Richard Miller’s stunning retreat from Marxism, the philosophy he espoused for most of his career.

9/11/2026

Ignorance is treated as a reason to trust the state rather than a reason to withhold judgment about its exercise of coercion. To assume that the state’s unknown information is correct and justifying is therefore to err on the side of violence.

9/11/2026

When planes slammed into the World Trade Center Towers, the Pentagon, and in a Pennsylvania field on September 11, 2001, our world was changed for the worse. The lessons to be learned were never heeded, which led to permanent US decline.

9/11/2026

What followed 9/11 was 25 years of systematic destruction of American liberties, and the final destruction of the Bill of Rights, all in the name of "safety" and "patriotism."

9/10/2026

Rainer Zitelmann, the erstwhile defender of capitalism, takes his defense out of this world as he examines capitalism and space travel. Lipton Matthews, in this review of New Space Capitalism, gives it a thumbs up.

9/10/2026

The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.

9/10/2026

Most of the money Africans give away never appears in a spreadsheet. It moves between relatives, through churches and mosques, into contribution clubs and burial funds, from one neighbor’s hand to another’s.

9/10/2026

The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.

9/10/2026

On this episode of Power & Market, Ryan, Connor, and Tho talk about new highs in bond yields, why that matters, and whether or not a new round of $5,000 Trump bucks will solve America's affordability crisis.

9/10/2026

All this helps explain why yields on long-term bonds are now rising to some of the highest levels we've seen in nearly two decades.

9/10/2026

As the Iran war and other events challenge US hegemony around the world, reality is forcing Americans to rethink what they once took for granted.

9/9/2026

Modern civil rights laws and policies have made a large number of people better off. However, the beneficiaries are not the people that the civil rights establishment claims to be helping. No one understands this better than the great economist, Thomas Sowell.

9/9/2026

9/9/2026

The study of the policies of these two dead Cuban political leaders is worth remembering. They illustrate why cronyism and communism are economic failures for citizens and nations.

9/9/2026

Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.

9/9/2026

During July, year-over-year growth in the money supply was at 8.62 percent. That's the largest growth rate in nearly five years.

9/9/2026

"A defence start-up whose backers include US tech billionaire Peter Thiel’s Founders Fund is building a trio of factories in the US."

9/9/2026

9/8/2026

The interference of US sanctions against Cuba are also interfering with airline schedules and are damaging the airline industry.

9/8/2026

Bubble alert: more than half of the 4,454 CEO respondents said “their companies aren’t yet seeing a financial return from investments in AI.”

9/8/2026

Those who become "elites" through the initiation of violence, and through the looting of others, have always been frauds and imposters.

9/8/2026

One of the problems of defending private property rights is that opponents wish to muddy the waters by constantly shifting the ground on defining private property in the first place. These are diversionary tactics, not an attempt to promote serious arguments.

9/8/2026

"This is the epitome of what is called ‘Stockholm Syndrome,’ where the ‘citizen’ (victim) forms a psychological attachment (bond) with his captor, controller, and master; in this case, the government."

9/8/2026

When government regulates or produces electricity, it claims to act in the name of conservation, or preventing “profligacy” by customers. Yet, only free markets can decide what is “profligate” and what is not.

9/7/2026

Monetary authorities are wanting to remove currency and coin from the economy altogether and just have electronic transfers. That would be a mistake that would damage the free market.

9/7/2026

Patrick Henry is known for his fiery oratory in defense of American independence from Britain. But before he became liberty's firebrand, he first had to learn how to be an effective practitioner of the law.

9/7/2026

Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.

9/5/2026

Mark Thornton argues Washington is trying to manage bond yields, suppress gold’s warning signal, and sell AI as an inflation cure—even as debt and malinvestment pile up.

9/5/2026

It is worth recalling how, in his work Socialism, Ludwig von Mises explained that it was actually capitalism that enabled women’s emancipation.

9/5/2026

As we learn more about the development of commerce during the Middle Ages in Europe, we see that the influence of the Hanse—a group of German merchants—was greater than most historians have realized.

9/4/2026

Mario Innecco speaks with Dr. Mark Thornton, Senior Fellow at the Mises Institute, about the growing risks facing the global economy. We discuss the end of the 40-year bond bull market, soaring government debt, the AI bubble, inflation, war, and the consequences of decades of artificially low interest rates. Dr. Thornton explains why he believes the government bond bubble poses a far greater threat than AI, why central banks cannot simply inflate their way out of the debt problem, and how Austrian Business Cycle Theory helps explain today's increasingly distorted economy. We also discuss the

9/4/2026

Those who become "elites" through the initiation of violence, and through the looting of others, have always been frauds and imposters.

9/4/2026

In this week’s Friday Philosophy, Dr. David Gordon examines the defense of Virginia’s secession by the theologian, R.L. Dabney, who also served as chief of staff to Gen. Thomas “Stonewall” Jackson.

9/4/2026

Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent. The only way a state could meaningfully ground such a fiat-token by political decree would be through comprehensive price controls.

9/4/2026

One wonders if Trump will try to hand Milei the Falkland islands as a reward for Milei's fanatical support of the State of Israel.

9/4/2026

Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent. The only way a state could meaningfully ground such a fiat-token by political decree would be through comprehensive price controls.

9/4/2026

From the September 3 edition of the Wall Street Journal.

9/4/2026

Young Americans are not living the failure of capitalism. They are living the cumulative failure of statism.

9/4/2026

" All eyes are on the anticipated visit of King Felipe VI to Ceuta. This visit comes as the Spanish government seeks to promote calm and contain the fallout from the migration crisis and recent tensions surrounding the city."

9/4/2026

The US had tried unsuccessfully for more than 60 years to bring down Cuba’s regime, it being done at a huge cost to the Cuban people. The Trump administration’s latest embargo expansion is only making things worse.

9/4/2026

9/3/2026

Carter’s administration was assembled almost entirely from one list.

9/3/2026

“Mr. Rockefeller”—discovered by McCloy, paid by Nelson.

9/3/2026

The elite escalated the war—and then split over it.

9/3/2026

The Kennedy cabinet, assembled on Robert Lovett’s advice.

9/3/2026

234,000 acres of United Fruit land and a CIA invasion.

9/3/2026

A coalition war: Morgan got Europe, Rockefeller got Asia.

9/3/2026

Donald Trump may have declared, “I love inflation,” but for regular families, inflation is perhaps their worst enemy.

9/3/2026

A defunct dinner club, merged into a foreign policy establishment.

9/3/2026

Cecil Rhodes’s secret society and its American recruits.

9/3/2026

The war could not have been financed under the old gold standard.

9/3/2026

A shaky railroad empire—and then a war that rescued it.

9/3/2026

Who actually collected the $40 million for the Panama Canal?

9/3/2026

The “Open Door” was a railroad concession with a slogan attached.

9/3/2026

Grover Cleveland’s cabinet read like a Morgan client list.

9/3/2026

Manufacturers can choose the free market. Bankers rarely do.

9/3/2026

Rothbard’s method: no abstract “forces,” only individual actors.

9/3/2026

Why both left and right flinch from naming the corporate state.

9/3/2026

The argument for AI solving inflation runs through productivity: better technology lowers costs, so prices fall. Dr. Mark Thornton of the Mises Institute takes that apart. Technology genuinely made computers and screens and phones cheaper, and it did nothing at all for healthcare, education or insurance. What changed was the balance of prices, not the level of them. He also argues the current buildout fits the classic pattern of a credit-driven cycle almost feature for feature, and explains why higher rates would land on financial markets long before they touched consumer demand.

9/3/2026

On this episode of Power & Market, Ryan, Connor, and Tho hit on a variety of topics, including meaningful rollbacks of Flock in the south, a look at immigration protests in Spain, and Washington's new corporate oil deals in Venezuela.

9/3/2026

Japanese, German, and US bonds are all rising to multiyear highs. Huge global debt loads are triggering demands for higher yields.

9/3/2026

Vance apparently believes that the Fed should lower interest rates as price is rising and lower rates are the “ proper and responsible” response to recent U.S. inflation data.

9/3/2026

Because of Keynesian inflationary bias, economists, politicians, and journalists celebrated the huge financial moves that Ben Bernanke made in 2008 and beyond to deal with the financial meltdown and its aftermath. But Bernanke’s moves didn’t help the economy; they made things worse.

9/3/2026

Thousands of Moroccans remain in Ceuta, looting, assaulting women, and paralyzing commerce in the small Spanish enclave.

9/3/2026

Public employee unions have used their built-in advantages to damage this country’s political economy and work hardships on taxpayers.

9/2/2026

9/2/2026

Public employee unions have used their built-in advantages to damage this country’s political economy and work hardships on taxpayers.

9/2/2026

9/2/2026

The term that best describes the CEO of the "private" company Flock is "parasite" or "plutocrat" or "welfare queen" because his "business model" is simply finding ways to exploit the taxpayers.

9/2/2026

More from our "entrepreneur" class: Ellison: "Citizens will be on their best behavior, because we’re constantly recording and reporting everything that is going on."

9/2/2026

Can fighting a war ever be just? Murray Rothbard dealt with that question and, of course, had some definitive answers.

9/2/2026

9/2/2026

The neoliberal establishment has done much to define our highly-interventionist, inflationary, and crony system as true free-market capitalism. They shouldn’t be surprised, therefore, that people are turning against it.

9/2/2026

The neoliberal establishment has done much to define our highly-interventionist, inflationary, and crony system as true free-market capitalism. They shouldn’t be surprised, therefore, that people are turning against it.

9/2/2026

The term that best describes the CEO of the "private" company Flock is "parasite" or "plutocrat" or "welfare queen" because his "business model" is simply finding ways to exploit the taxpayers.

9/2/2026

The JP calls for the US taxpayer to pay a "debt forgiveness for military service" program to enlarge the US's standing army. The whole point being to further subsidize the state of Israel.

9/2/2026

Libertarians would like to see the abolishment of the state altogether, but that is not likely in the near future. So, what political actions do libertarians do while the state still has power? Murray Rothbard had some thoughts on that.

9/1/2026

Public works as a cure for unemployment: proposed, debated, and defended with arguments that would sound familiar a century later.

9/1/2026

The familiar story pits western farmer-debtors against eastern merchant-creditors. Rothbard's evidence says the story is wrong.

9/1/2026

Mass unemployment gave the protectionists their best argument in a generation, and they nearly won.

9/1/2026

Years before the English currency school made it famous, Americans were arguing for one hundred percent reserves, and some wanted banking abolished outright.

9/1/2026

Before the Federal Reserve, before the greenback, American writers were already designing a managed national paper currency, and arguing it could be more stable than gold.

9/1/2026

Four western states answered the shortage of money by printing their own, and watched it depreciate in their hands.

9/1/2026

They borrowed when prices were high and had to repay when prices were low. Should the legislature rescue them, or would rescue only deepen the ruin?

9/1/2026

A wartime boom, a flood of bank paper, a speculative rush for western land, and then the reckoning.

9/1/2026

America's first great depression arrived without a villain: no embargo, no war, no single blundering minister to blame. It seemed to rise out of the economy itself.

9/1/2026

Democratic socialists claim they can painlessly transform the US economy into one where no one has debt, housing and medical care is free, and the state meets everyone's needs. Their ideas are internally incoherent.

9/1/2026

The future of Flock cameras: left the house during a pandemic lockdown? Expect a summons in the mail. Exceeding your "carbon footprint" by driving too much? Expect a ticket in the mail.

9/1/2026

To celebrate The Year of Rothbard, we’re giving away some of his most radicalizing and influential books. Get your copy of our September offering, Economic Depressions: Their Cause and Cure, before September 30.

9/1/2026

Can fighting a war ever be just? Murray Rothbard dealt with that question and, of course, had some definitive answers.

9/1/2026

It is now down 99.67% over the past 13 years. In 2013, one peso was worth 20 cents, and now it is worth less than one cent.

9/1/2026

Federal Reserve policy has been to expand credit out of nothing without regard for the real damage it does to the economy.

9/1/2026

While mainstream economists add an “inflation premium” to interest rates, Murray Rothbard looked at the complete picture, knowing that the real rate of interest dealt with many factors within the structure of production.

9/1/2026

The future of Flock cameras: left the house during a pandemic lockdown? Expect a summons in the mail. Exceeding your "carbon footprint" by driving too much? Expect a ticket in the mail.

8/31/2026

Federal Reserve policy has been to expand credit out of nothing without regard for the real damage it does to the economy.

8/31/2026

The Federal Reserve’s fixation with “stable prices” has led to an unstable economy for the past century.