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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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The Fed Does Nothing

The Fed Does Nothing

2026-01-3045:51

Dr. Jonathan Newman joins Tho and Connor to discuss Jerome Powell’s favorite type of FOMC meeting: a boring one. No cuts, no concerns, no drama in the eyes of the soon-to-be-former Fed Chair. On this episode, we try to bust his bubble on this episode of Power and Market. Don’t forget, the Mises Institute’s first event is coming up on February 21st in Oklahoma City. Join us for a look at Entrepreneurship Beyond Politics: https://mises.org/events/entrepreneurship-beyond-politics-mises-circle-oklahoma-city Are you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. Click here for more details: https://mises.org/events/research-fellowship-residence-2026
By hiring a communist as his main housing adviser, New York Mayor Zohram Mamdani is fully committed to driving out private ownership of rental properties and handing over apartments to the city and politically-connected organizations. It will only make housing problems worse. Original article: https://mises.org/mises-wire/surprise-mamdani-governing-socialist
The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal anti-nationalists at least had a fighting chance. Original article: https://mises.org/mises-wire/why-federalists-hated-bill-rights
Trump is clearly focused on building a legacy in his second term with his domestic vanity projects and dramatic foreign interventions. But his actual legacy is shaping up to be defined by his lack of progress on affordability. Read the article here: https://mises.org/mises-wire/trumps-embrace-economic-leftism-will-destroy-legacy-hes-desperately-trying-build Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
While unity sounds like a nice thing to have, when it comes to politics and nation-states, experience repeatedly shows that unity is the tool of those who build state power at the expense of freedom. Original article: https://mises.org/mises-wire/we-can-have-unity-or-we-can-have-freedom-we-cant-have-both
The latest killing of a protester in Minneapolis by federal agents is reminiscent of the shooting of Vickie Weaver by a government sniper in 1992. In both cases, the government has refused to acknowledge wrongdoing and has engaged in legal coverups. Original article: https://mises.org/mises-wire/latest-federal-killing-minnesota-echoes-ruby-ridge
Constitutionalism gives us the expectation of governance according to rules that everyone from those that are governed to the ones that govern are expected to obey. But what happens if those that govern exempt themselves from those rules? Original article: https://mises.org/mises-wire/failure-constitutionalism-through-ages-norms-emergencies-and-administrative-state
On the latest episode of Minor Issues, Mark Thornton shares an in-depth interview with Jeremy McKeown of In the Company of Mavericks on the long rivalry between Austrian and Keynesian economics, and why Austrian ideas may be gaining new traction today. They trace how Austrian economics moved from a small academic outpost to a wider public audience, touching on the Mises Institute’s role, the influence of figures like Roger Garrison and Ron Paul, and the ways online media and “alternative finance” have helped spread Austrian perspectives. We’re entering the final week to enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026 Join us for the Mises Institute’s first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: “Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City.” Register today at https://mises.org/okc Order a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Ryan McMaken and historian Larsen Plyler talk about how the Americans of the 1770s envisioned a new community of independent and sovereign states. The first constitution made this clear. But then the new counterrevolutionaries like Hamilton wrote a new constitution designed to create one big national state with vast new powers. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
On this episode of Power and Market, Ryan, Connor, and Tho look at the headlines coming out of Davos, including Mark Carney’s speech calling out the lie of a “rules-based international order,” the European reaction to Trump’s plans for Greenland, and the political fallout on both sides of the Atlantic. Don’t forget, the Mises Institute’s first event is coming up on February 21st in Oklahoma City. Join us for a look at "Entrepreneurship Beyond Politics": https://mises.org/events/entrepreneurship-beyond-politics-mises-circle-oklahoma-city Are you a grad student interested in Austrian economics? Consider the Mises Institute Summer Fellowship program this summer. https://mises.org/events/research-fellowship-residence-2026
For all of the demands for reparations for blacks, the schemes so far have been unworkable and would not address the real wealth gaps between black and white Americans. Original article: https://mises.org/mises-wire/reparations-are-welfare-scheme-and-would-have-no-effect-racial-wealth-gaps
Murray Rothbard recounts how during the French and Indian War (1754–63), Americans continued the great tradi­tion of trading with the enemy. Original article: https://mises.org/mises-daily/trading-enemy-american-tradition
In the so-called world of strategic alliances, things often are not what they seem to be. It is that way with the Islamic State or ISIS, which supposedly is a deadly enemy of Israel. However, Israel has a symbiotic relationship with Jihadist groups that we cannot ignore. Original article: https://mises.org/mises-wire/israel-and-its-relationship-islamic-state
Even hawkish foreign policy scholars admit that changing the US security setup in Greenland is unnecessary. Its supply of raw materials is also nothing special. There isn’t even a ton of money to be made for crony companies. This is purely about Trump’s ego, and it will cost taxpayers a lot. Read the article here: https://mises.org/mises-wire/greenland-trumps-folly Be sure to follow the Guns and Butter podcast at https://Mises.org/GB
Kitco News anchor Jeremy Szafron sits down with Dr. Mark Thornton to break down why central banks are fleeing Treasuries for physical gold and what the “Skyscraper Curse” signals for a 2026 crash. They discuss the massive 150-ton gold purchase by Poland, a strategic move by a NATO ally that signals a loss of trust in the debt-based system. Mark also exposes a critical, under-reported crisis in the silver market: supply is “inelastic” and “wasted” on war and solar panels, meaning the market cannot physically respond to price spikes. With Japanese bond yields spiking and the Jeddah Tower restarting construction, the signals for a major economic pivot are flashing red. The original interview is available at https://www.youtube.com/watch?v=FaDxW9GjInc
Although some scholars have labeled the early Ming Dynasty as a proto-liberal state, they are mistaken. The Ming governance at that time was weak, not limited by law and ideology. Original article: https://mises.org/mises-wire/weak-states-not-limited-states-early-ming-governance-and-illusion-proto-liberalism
The original 13 British colonies that made up the early United States had very different populations with decidedly different political and social outlooks. Original article: https://mises.org/mises-wire/british-north-american-colonies-were-not-homogeneous-political-units
Mark Thornton revisits the Skyscraper Curse—the eerie pattern linking record-height towers to major busts—and argues the next signal is flashing for 2026. Saudi Arabia’s Jeddah Tower has restarted and is reportedly adding floors fast, poised to surpass the world record. Mark explains why skyscraper records tend to coincide with late-cycle excess, and how to read the next 12–24 months without superstition. The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://mises.org/curse Anatomy of the Crash, edited by Tho Bishop: https://mises.org/crash Join us for the Mises Institute’s first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: “Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City.” Register today at https://mises.org/okc Order a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler Enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026 Be sure to follow Minor Issues at https://Mises.org/MinorIssues
On this episode of Power and Market, Ryan, Connor, and Tho discuss the reported probe into Fed Chair Jerome Powell. Is this actual accountability for malfeasance, or a petty battle of DC egos? At the end of the day, does the difference matter? And should Powell be encouraged that central banks around the world are standing in solidarity with him? The panel dives into these questions and more. Join us for the Mises Institute's first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: "Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City." Register today at https://mises.org/okc
When it comes to the great political economist John C. Calhoun, most people love him or hate him. In this episode, economic historian Patrick Newman joins us to take a more balanced look at Calhoun, his origins as a War Hawk and nationalist, and why he was never a true Jeffersonian. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
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Comments (12)

Aryo1

💛🐍🖤

Nov 2nd
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Aryo1

💛🐍🖤

Oct 31st
Reply (1)

Aryo1

💛🐍🖤

Oct 24th
Reply

Aryo1

💛🐍🖤

Oct 21st
Reply

James

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.

Jun 24th
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Y

insightful

Sep 28th
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Iain McLaren

love mises what a treasure

Nov 2nd
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Matthew Gotham

Josiah Schmidt clearly doesn't realise that "M." is short for "Monsieur".

Jul 5th
Reply (1)

Y M.

too long winded

Aug 19th
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Philip-Alexander Jach

Keep up the good work, Mises Institute.

Jan 29th
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