Our current paper fiat money system comes from a long process of building up state power that destroyed private money, ended truly private banking, and abolished the market system of competing currencies. It took 300 years, and we are now facing the inflationary results.Register for our "Revisionist History of War Conference" now at https://mises.o…

While the Trump administration claims it is breaking with the policies of Joe Biden, it is continuing US attacks on the Houthis of Yemen supported by the previous president.Read the article here: https://mises.org/mises-wire/trump-adopts-democrats-terrible-yemen-policyBe sure to follow the Guns and Butter podcast at https://Mises.org/GB…

One of the common worries about a hard money like gold or Bitcoin is that large price deflation could make lending and investment impossible because nominal interest rates can't go below 0%. Bob explains why these fears are invalid.The Charts Used in This Episode Can Be Viewed Here: https://Mises.org/HAP491a…

The economy is teetering on the edge, and the Federal Reserve’s reckless policies have only made things worse. In this episode, Mark Thornton joins Scott Horton to break down the boom-bust cycle, why inflation isn’t going away anytime soon, and how the Fed’s interventions set us up for even bigger economic disasters. Are we headed for a deep recess…

Ryan McMaken and economist Jonathan Newman look at the government's alleged $750 billion gold reserve, how it got there, and why it's time to privatize the gold. Register for our "Revisionist History of War Conference" now at https://mises.org/RHWBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at…

The Civil War is often framed as a moral struggle over slavery, but what if economic control was the real driving force? In this lecture, historian Thomas DiLorenzo challenges the mainstream narrative, arguing that Lincoln’s true priority was preserving federal tariff revenues rather than ending slavery. By tracing how tariffs fueled sectional tens…

President Trump has indicated that a recession could be coming and the pundits are playing the blame game. Don‘t look to anyone in Washington for a coherent explanation for the downturn, however. Look to the Austrians instead.Read the article here: https://mises.org/mises-wire/who-gets-blame-upcoming-recessionBe sure to follow the Guns and Butter p…

Politicians love to promise "fairer" and "simpler" tax reform, but the reality is that every tax system is built on force and distortion. In this talk, Lew Rockwell dismantles the myth that taxation can ever be neutral, efficient, or morally justified. Whether it’s a flat tax, consumption tax, or a restructured income tax, every scheme still funnel…

Does the US government need a gold reserve? No, it doesn’t. The government’s gold is basically an emergency slush fund for elites to use to preserve their political power.Citation: “What share for gold? On the interaction of gold and foreign exchange reserve returns” by Omar Zulaica, BIS Working Papers, No. 906: bis.org/publ/work906.pdfBe sure to f…

Bob first reviews the standard libertarian case for legalizing drugs as the way to neutralize the Mexican drug cartels. Then he plays a recent clip where Dave Smith argues that drug prohibition leads to violence because (among other factors) you can't call the cops if someone steals your product. Bob argues that libertarians should stop making this…

Mark Thornton explores the psychology and economics of extractive industries, from mining to energy production. Despite their crucial role in advancing civilization—providing everything from metals to fuel—these industries are now vilified, especially by younger generations influenced by environmentalist ideology. But what are the real economic con…