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The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.
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On this episode of Minor Issues, Mark Thornton appears on Reinvent Money with Paul Buitink for a “state of the system” conversation. Mark breaks down the US economy as an “everything bubble,” explains what’s really behind the trade deficit and the dollar’s reserve status, and grades Trump’s first-year economic agenda. He closes with a practical Austrian roadmap toward sound money: real savings, capital accumulation, and removing tax penalties on interest, dividends, and long-term gains.
The original episode is available at https://www.youtube.com/watch?v=mgqsHCQxSrw
Order a free paperback copy of *Hayek for the 21st Century* by F. A. Hayek: https://mises.org/Hayek21
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Be sure to follow Minor Issues at https://Mises.org/MinorIssues
On this episode of Power and Market, we feel compelled to discuss this week’s State of the Union speech. Ryan and Tho are joined by Dr. Jonathan Newman to provide some historical context to the event and what, if anything, actually matters from the speech.
When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.
Original article: https://mises.org/mises-wire/massachusetts-1690-first-western-fiat-experiment
Dr. Timothy Terrell explains how entrepreneurs and property rights can protect forests, wildlife, and open spaces better than bureaucracies, using real-world examples of “enviropreneurs” who profit by conserving nature instead of exploiting it.
Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Dr. Per Bylund contrasts the futility of politics with the quiet power of entrepreneurship, showing how innovative businesses like Uber and Amazon actually dismantle regulations, reshape institutions, and push the state back more effectively than any protest movement or election.
Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Dr. Keith Smith recounts how the Surgery Center of Oklahoma and the Free Market Medical Association are exposing the hospital–insurance cartel—posting honest, bundled prices, triggering price wars, and proving that free-market medicine can deliver higher quality care at a fraction of the cost.
Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Ryan McMaken traces the rise and squeeze of America’s small business economy, showing how tariffs, industrial policy, the Fed, and “too big to fail” bailouts systematically tilt the field toward big corporations and away from independent entrepreneurs and the middle class.
Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
Dr. Peter Klein explores whether AI can ever replace human entrepreneurs and central planners, arguing from Mises’ calculation problem that even “thinking machines” can only mimic, not originate, the real-world judgment and ownership that markets require.
Recorded in Oklahoma City, Oklahoma, on February 21, 2026. Special thanks to Michael and Beverley Starkey and Gil Robinson for sponsoring this event.
1We are told that the Bill of Rights is the bedrock of our freedom, yet this same Bill of Rights ultimately has been used as a weapon against state sovereignty and against our individual rights.
Original article: https://mises.org/mises-wire/bill-rights-against-states
The current outburst of protests against President Trump’s enforcement of immigration laws is overshadowing a question that is not being asked: Can we defend having national borders in the first place?
Original article: https://mises.org/mises-wire/defense-national-borders
Human action involves people engaging in unique events in which outcomes often are uncertain, when expertise and planning often do not give us the results we anticipate.
Original article: https://mises.org/mises-wire/we-act-world-uncertainty-not-probabilities
In a truly free market, there is no class conflict. In the presence of the state, however, things are different because various groups jockey with each other to gain the favor of state agents.
Original article: https://mises.org/mises-wire/class-conflict-jacksonians-and-exploitation
The rise of the grooming gangs in Great Britain and the refusal of Britain’s Labor government to intervene speaks volumes about the contempt that British political elites have for their laws and the people who must live under a regime of anarcho-tyranny.
If the Iranian regime were truly trying to sacrifice their entire country to commit a nation-level nuclear murder-suicide against Israel and the US, they would be acting very differently.
Read the article here: https://mises.org/mises-wire/trumps-iran-buildup-based-lie
Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
Ryan McMaken joins John Stossel to grade President Trump’s first year of his second term. They walk through the biggest issues shaping the country—government efficiency, spending and the national debt, trade and tariffs, energy policy, and border enforcement—highlighting where the administration has delivered, where it’s fallen short, and what the long-term implications may be. What’s changed, what’s hype, and which moves actually matter beyond the headlines?
The original Stossel TV interview is available at https://www.youtube.com/watch?v=0gRsyByPLLQ
Governments at all levels abuse their “privilege” of eminent domain, the taking of private property for government use. Murray Rothbard understood that government was not justified to seize property for such use in the first place.
Original article: https://mises.org/mises-wire/rothbard-and-eminent-domain-confused-history-and-legal-sleight-hand
On this special episode of Minor Issues, Mark Thornton shares his recent interview with Darrell Thomas on VRIC Media. Mark explains how Keynesian ideas normalized chronic deficits and a debt-financed state. They discuss tariffs and policy volatility, how inflation has been partly masked by cheap imports, and why distorted price signals hit entrepreneurs and small businesses hardest. The conversation also covers rising interest costs, pressure for renewed yield-curve suppression, and what it all implies for gold, silver, and commodities.
The original episode is available at https://www.youtube.com/watch?v=eI9Y-lITpnQ
Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Before Murray Rothbard, there was Albert Jay Nock laying intellectual broadsides against the tyranny of the state. While Nock (unlike Rothbard) never called for total abolishment of the state, he did want as minimal a state as could be had.
Original article: https://mises.org/mises-wire/nocks-war-state
AI is not the killer—it is the coroner.
Original article: https://mises.org/power-market/end-artificial-employment
Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.
Original article: https://mises.org/mises-wire/antebellum-federal-protections-slavery
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this is one of the dumbest arguments I've ever heard in my life. you don't pay people for some sort of jumbling together of words that just happens to be interesting. you pay an offer for his work, for his time and labor. it takes me 10 years to write a book do all the research for the book and then you come along and publish it and don't give me any money and then say it's just a bunch of words in a certain order you don't own that you're not being honest. you're stealing my time in labor.
insightful
love mises what a treasure
Josiah Schmidt clearly doesn't realise that "M." is short for "Monsieur".
too long winded
Keep up the good work, Mises Institute.