Nobel Winner Jean Tirole’s Faulty Views on Monopoly

Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, writes Frank Shostak. This audio Mises Daily is narrated by Robert Hale.

The Index Card of Allowable Opinion

Tom Woods explains the “unacceptable“ opinions behind freedom and free markets. This audio Mises Daily is narrated by Keith Hocker.

Understanding “Quid Pro Quo”

The term “quid pro quo” has been twisted to now include government handouts and state-mandated exchanges, writes Gary Galles. This audio Mises Daily is narrated by Robert Hale.

Jeff Deist: The Case for Optimism

This episode features an abridged audio version of Jeff Deist's talk from the Mises Circle event in Southern California on 8 November 2014. He argues that the state is losing its primary asset — namely, legitimacy in the eyes of those it would govern — due to its own huge failures. He also argues that we do ourselves, our ancestors, and our progeny a disservice if we give in to despair.

Speaker Panel: Question and Answer Period

Featuring Ron Paul, Judge Andrew P. Napolitano, Lew Rockwell, Jeff Deist, and David Gordon. Recorded at the Mises Circle in Costa Mesa, California, 8 November 2014.

Freedom Doesn't Come From Government

Recorded at the Mises Circle in Costa Mesa, California, 8 November 2014.

The Natural Law as a Restraint Against Tyranny

Recorded at the Mises Circle in Costa Mesa, California, 8 November 2014.

Against the State

Recorded at the Mises Circle in Costa Mesa, California, 8 November 2014.

Thinkers Who Challenged the State

Recorded at the Mises Circle in Costa Mesa, California, 8 November 2014.

The Case for Optimism

Recorded at the Mises Circle in Costa Mesa, California, 8 November 2014.

Bob Murphy: The Fed's Stock Market Casino

Jeff Deist and Robert P. Murphy address the vital topic of Fed interference in financial markets. Are the global equity and bond markets a charade, engineered by monetary expansion and destined to collapse like a house of cards? Is the investing game basically rigged? How can Janet Yellen and financial elites keep markets from crashing without endless new rounds of quantitative easing? Why is understanding Austrian economics necessary, but not sufficient, to be a successful investor? And how would stock markets have a social function in a free society? Anyone interested in investing, personal finance, Austrian economics, and the wit and wisdom of Bob Murphy will enjoy this show.

World War I in Our Minds: A Historical View

With 100 years having passed since the start of the First World War, the view of the war among historians and the public has evolved in many ways. Historian Hunt Tooley examines the turning points in how the world sees the Great War. This audio Mises Daily is narrated by Robert Hale.

Do We Need a Lender of Last Resort?

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank, writes Nicolás Cachanosky. But do we really want central banks that reward insolvency and encourage inefficiency? This audio Mises Daily is narrated by Keith Hocker.

How Much Is Obama's War on ISIS Going to Cost?

How much is Obama's war on ISIS going to cost you? You don't want to know, writes Daniel McAdams. This audio Mises Daily is narrated by Robert Hale.

The Rothbard-Paul Message

A young libertarian tells where the liberty movement should go. This audio Mises Daily is narrated by Keith Hocker.

An Austrian Economist Reports From a Mainstream Economics Conference

Christopher Westley reports from this year's National Association of Business Economists Convention. He finds that the mainstream's intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014. This audio Mises Daily is narrated by Robert Hale.

Patrick Barron: The End of the US Dollar Imperium, Part 2

Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a bang; how the Bundesbank is a potential savior for the world monetary order, while the IMF is a paper tiger; how elites will have an increasingly hard time denying gold a role in the global monetary system, and how America’s fiat dollar corrupts cultures as well as economies.

Price Deflation and Price Inflation Are Always “Optimal”

Price changes are the solution to a problem, not the problem itself. We should focus on what causes the price changes in the first place, writes Mateusz Machaj. This audio Mises Daily is narrated by Robert Hale.

Rothbard on Self-Defense and War

Libertarians — and Murray Rothbard in particular — are not pacifists, but reject the killing of innocents and other unjustified forms of military aggression, writes David Gordon. This audio Mises Daily is narrated by Dianna Keiler.

Patrick Barron: The End of the US Dollar Imperium

Jeff Deist and Patrick Barron address the issue of monetary imperialism. How does the US use the dollar as a weapon of economic and cultural power? How long can it last? What might the unprecedented collapse of a worldwide reserve currency look like? And, how do the BRIC nations and Asian central banks fight back?

The Problem With Steve Forbes’s New Gold Standard

In their new book "Money", Steve Forbes and Elizabeth Ames write with insight about the dangers of inflation and easy money, but ultimately, they fail to follow through on their analysis and instead make peace with monetary expansionism, writes David Gordon. This audio Mises Daily is narrated by Robert Hale.

Left and Right Agree: War Is Popular

Don't expect sustained opposition to war to come from either side, writes Andrew Syrios. This audio Mises Daily is narrated by Keith Hocker.

Tom Woods: Champion of Libertarian Dissent

Jeff Deist and Tom Woods to discuss Tom's new book entitled 'Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion.'

Mises’s Contribution to Understanding Business Cycles

In "The Theory of Money and Credit", Mises provided the basics for the long-sought explanation for that mysterious and troubling economic phenomenon — the business cycle, writes Murray Rothbard. This audio Mises Daily is narrated by Robert Hale.

What the Feds and Bernie Madoff Have in Common

Not unlike governments, ponzi schemer Bernie Madoff used his victims' money to exhibit his "generosity" through charitable giving projects, writes Brandon Dutcher. This audio Mises Daily is narrated by Keith Hocker.

Regulate It First, Learn About It Never

Politicians and regulators usually don’t know what they don’t know about everything from health care to your small business, but that sort of compound ignorance won’t stop them from regulating the minutiae of everyday life and commerce, writes Gary Galles. This audio Mises Daily is narrated by Robert Hale.

Sports Stadiums: Temples to Crony Capitalism

Although it's clear that they offer no economic net benefit, American cities are building taxpayer-funded sports stadiums every chance they get. Billionaire team owners and politicians benefit greatly while ordinary taxpayers do less well, writes Salmaan A. Khan. This audio Mises Daily is narrated by Keith Hocker.

Scottish Referendum Gives Reasons to be Hopeful

The smaller the size of government, the less power it has to hobble free enterprise with taxes and regulations, writes Ron Paul. This audio Mises Daily is narrated by Robert Hale.

Claudio Grass: The Upcoming Swiss Gold Referendum

Jeff Deist and Claudio Grass discuss the uniquely Swiss mindset behind the upcoming Swiss gold referendum, and how decentralization of political power is part of Swiss DNA; the tremendous geopolitical aftershocks that would occur if the referendum passes — including the physical repatriation of gold to Switzerland; and how the Swiss people may be waking up to the sellout of their country by the Swiss National Bank and the IMF.

Why Historical Revisionism Matters

Historical revisionism is the process of unmasking government excuses for war and war-making, writes Ralph Raico. This audio Mises Daily is narrated by Robert Hale.

Joseph Becker: Economic Liberty Denied

Jeff Deist and Joseph Becker discuss the illusion of judicial remedies for most Americans; how Becker is attacking cronyism in Nevada; how a Rothbardian legal system might deal with torts, crimes, and externalities; and how the statist 20th century courts created a phony legal distinction between fundamental liberties and economic liberties.

The NCAA Racket

The NCAA ensures there is no functioning job market for athletes and no competition to which students might go seeking higher pay, writes Andrew Syrios. This audio Mises Daily is narrated by Keith Hocker.

The Ethics of Entrepreneurship and Profit

In a free market, entrepreneurs profit by providing something of value that people will voluntarily purchase, writes Hans-Hermann Hoppe. This audio Mises Daily is narrated by Robert Hale.

How Third-Party Payers Drive Up Medical Costs

The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for services. Without a functioning system of price signals, prices cannot be contained, writes Willem Cornax. This audio Mises Daily is narrated by Keith Hocker.

Patrick Barron: Currency Wars and the Death of the Euro

Jeff Deist and Patrick Barron discuss what's going on in the EU, how Germany in particular suffers from being yoked to the other Eurozone nations, and what the comeback of the Deutsche Mark might mean for Europe—and for America.

Drug Warriors Claim Colorado Going to Pot

Drug warriors rely on bad and manipulated data to make the claim that respecting private property rights in Colorado is “terrible public policy,” writes Mark Thornton. This audio Mises Daily is narrated by Keith Hocker.

Austrians, Fractional Reserves, and the Money Multiplier

Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking. Robert Batemarco adds some clarity to the debate. This audio Mises Daily is narrated by Robert Hale.

David Farrer: A Scottish Libertarian Deconstructs the Vote

Jeff Deist and David Farrer deconstruct Thursday’s referendum vote from a libertarian perspective.

Some Trends Facing our Economy

Interviewed by Merlin Rothfeld and John O'Donnell, Mark Thornton discusses the seven mega-trends facing our economy and what it means looking forward. Dr. Thornton also talks about the great classes available at Mises.org which will further improve your understanding of how our economic system functions.

The Unseen Costs of the Minimum Wage

Supporters of minimum wage hikes claim they have little or no effect on employment, the law of demand makes it clear the effects of price controls are very real, writes Josh Grossman. This audio Mises Daily is narrated by Keith Hocker.

Dr. David Howden: Let Banks Fail! (Central and Otherwise)

Jeff Deist and David Howden discuss the history of banking in America before 1913, the supposed justifications for the Federal Reserve Act, and why American economists all seem to be thrall to—and on the payroll of—the Fed. David also lays out the realities behind transitioning to a future without the Fed. Next, they discuss his book about the Icelandic banking crisis, and how that country's deposit insurance scheme created enormous moral hazards. David explains how Iceland, however, mostly had the good sense to allow its bad banks to fail and its foreign creditors to take a well-deserved haircut. The lessons to be learned, he tells us, are both cautionary and optimistic, at least for a homogeneous nation of 325,000 people.

Is This the Libertarian Moment?

Political consultants and mainstream reporters are fixated on electoral politics, as if no other form of societal change were conceivable, writes Lew Rockwell. This audio Mises Daily is narrated by Keith Hocker.

Blaming That Cold Weather Culprit

The Fed and it's friends blamed cold weather for much of the year's lackluster economic growth. But cold weather does not explain the economic slowdown because cold weather does not stop economic activity, it merely shifts it to other activities and products, writes Devin Leary-Hanebrink. This audio Mises Daily is narrated by Allan Davis.

A Lesson in Economic Analysis from the Minimum Wage Debate

Supporters of government interventions like minimum wages. Careful analysis reveals another story, however, writes Kenneth Zahringer. This audio Mises Daily is narrated by Robert Hale.

The U.S. and World Economy

Interviewed by host Jack Thompson, Mark Thornton discusses some Austrian economics basics and analyzes today’s economy through the lens of Austrian Economics.

Currency Issues

Interviewed by host Chuck Morse, Mark Thornton discusses money, the role of the Federal Reserve, the gold standard, and he offers some suggestions for an improved monetary system.

You Can’t Run an Economy with Spreadsheets

An economy cannot be successfully planned with computers and technicians. Mises and Hayek proved this decades ago, writes Nicolás Cachanosky. This audio Mises Daily is narrated by Allan Davis.

Police States and Private Markets

When it comes to your local police, there is no shopping around, there is no customer service, and there is no choice, writes Jeff Deist. This audio Mises Daily is narrated by Allan Davis.

This audio Mises Daily is the transcript from a talk delivered at the 2014 Houston Mises Circle. Video of the talk is available here.

Dr. Philipp Bagus: The Tragedy of the Euro

Jeff Deist and Philipp Bagus discuss not only the history and possible future of the Euro, but also the ECB under Draghi; the nationalist sentiments sweeping some European nations that want their own currency back; how the ECB has effectively monetized the sovereign debt of the PIIGS; and how Germans may well be nostalgic for the Bundesbank.

Six Myths About Money and Inflation

Politicians and the mainstream media have faith in the central banks to manipulate and manage the global economy. Unfortunately, things are not so easy, writes Patrick Barron. This audio Mises Daily is narrated by Keith Hocker.