What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the economic gloom: Republicans. In a recent New York Times article, Krugman touts that partisanship and media bias drive a wedge between consumer sentiment and economic reality. But is this actually what’s going on?
Dr. Jonathan Newman is back with Bob to break down Krugman’s shifting economic predictions and to consider the trajectory of the US economy.
Krugman’s NYT Article from 2021 on Inflation: Mises.org/HAP425a
Krugman’s NYT Article on Begin Wrong About Inflation: Mises.org/HAP425b
Jonathan and Bob’s HAP Episode on The Fed’s ‘Soft Landing’: Mises.org/HAP425c
 
Human Action Podcast listeners can get a free copy of Murray Rothbard’s Anatomy of the

The US Government will face another round of federal debt expansion in 2024, but will there be enough creditors to allow their continued spending? Investors are not buying Treasury Debt at forecasted rates, foreign investors are exiting federal debt, and even the Federal Reserve is reducing its treasury holdings.
Dr. Jonathan Newman recently wrote for the Mises Wire on this topic, and he joins Bob to break down the data and explain what is up with treasuries and the future of the dollar.
Dr. Newman’s Article on The Treasury’s Creditors: Mises.org/HAP424a
 
Human Action Podcast listeners can get a free copy of Murray Rothbard’s Anatomy of the State: Mises.org/HAPodFree

The Treasury is Running Out of Creditors

Video of The Treasury is Running Out of

Mises’ work explains how laissez-faire economies have incentives to be peaceful with each other, and how, inversely, tariffs and protectionism create isolation, instability, and war. His words are especially prescient today as conflicts rage and tensions between superpowers continue to rise—mirroring the rise in state power across the globe.
Dr. Jonathan Newman joins Bob to break down the history of warfare, how states fund war, and why war is more destructive in the modern era.
Dr. Newman’s Article on the History of Warfare: Mises.org/HAP421a
Dr. Murphy on Private Military Defense: Mises.org/HAP421b
‘Free Trade vs. Protectionism’ MisesU 2023 Lecture: Mises.org/HAP421c
Bob and Jonathan’s Talks from the Mises Circle in Fort Myers: Mises.org/HAP421d

How Statism Leads to

Jonathan Newman rejoins Bob to explore more of the mechanics and political implications of the Fed’s current state of insolvency.

Diving Deeper into the Fed’s Trillion Dollar Loss

Video of Diving Deeper into the Fed's Trillion Dollar Loss

The Mercatus Article on Quantitative Easing: Mises.org/HAP417a
Furman’s Op-Ed in the WSJ: Mises.org/HAP417b
 
Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23
Human Action Podcast listeners can get a free copy of Per Bylund’s How to Think About the Economy: Mises.org/HAPodFree

Dr. Jonathan Newman joins Bob to break down the data used in a popular productivity vs. pay graph. They show why you should be wary of charts coming from agenda-driven institutions and how you can spot manipulated data.
The charts mentioned during this episode are available at: Mises.org/HAP414Charts
Gene Epstein on the Bob Murphy Show: Mises.org/HAP414a
The Economic Policy Institute 2022 Paper: Mises.org/HAP414b
The Economic Policy Institute 2015 Paper: Mises.org/HAP414c
Gene Epstein’s Mises University ‘Dirty Data’ Lecture: Mises.org/HAP414d
FRED Blog Post on the Chart and Price Indices: Mises.org/HAP414e

Are Workers Being Paid Their Product? Watch Out for Misleading Charts

Video of Are Workers Being Paid Their Product? Watch Out for Misleading Charts

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve’s rate hikes couldn’t possibly be responsible for the quelling of consumer price inflation.
Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices.
Galbraith’s Article on the Fed’s ‘Soft Landing’: Mises.org/HAP409a
The Paper on the Forward Guidance Paradox That Mentions Krugman: Mises.org/HAP409b

Is the Fed Responsible for the Recent Surge and Fall in Price Inflation?

Video of Is the Fed Responsible for the Recent Surge and Fall in Price Inflation?

Join us in Nashville on September 23rd for a no-holds-barred

As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.
Robert Lucas’ Nobel Prize Winning Lecture: Mises.org/HAP407a
Bob’s Eerie Article from 2007 on the Recession: Mises.org/HAP407b
‘Bernanke Was Wrong’ Compilation: Mises.org/HAP407c
‘Peter Schiff Was Right’ Compilation: Mises.org/HAP407d

Soft landing? Not likely

Video of Soft landing? Not likely

Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jonathan Newman joins The Human Action Podcast to discuss his recent Twitter controversy over the claim that market prices can be "wrong" (i.e. in disequilibrium) if they are "sticky."
Jonathan Newman’s Twitter controversy on sticky prices: Mises.org/HAP399a
Joe Salerno on Mises’s Monetary Theory: Mises.org/HAP399b
Bagus and Howden on market disequilibrium and sticky prices: Mises.org/HAP399c

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Jonathan Newman joins Bob to critique a recent Twitter argument where some were claiming that supercomputers solved the socialist calculation problem.
The Twitter thread on AI and Socialism: Mises.org/HAP394a
Bob on Socialism and calculation vs knowledge: Mises.org/HAP394b
Karras Lambert and Tate Fegley on economic calculation and AI: Mises.org/HAP394c

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Jonathan Newman joins Bob to dissect Paul Krugman’s latest NYT op-ed, in which he derides Ron DeSantis as paranoid for thinking a central bank digital currency (CBDC) could be used to control citizens.
Krugman’s op-ed in the New York Times: Mises.org/HAP391a
Bob breaking down negative interest rates: Mises.org/HAP391b

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