Recent Podcast Episodes

The socialist calculation problem isn't a museum piece from 1920s Moscow. It's the Bureau of Land Management, this year. Timothy Terrell on why bureaucrats are still groping in the dark.

Why did so many American colonials take arms against the ruling British, even when the odds were stacked against them? Dr. Wanjiru Njoya looks into the competing ideological claims that go with analyzing the American Revolution.

Interest isn't the price of borrowing money or the reward for productive capital. It's the price we put on now over later. Jeffrey Herbener on time preference and the theory of interest.

The growing power of the centralized state loomed as the central problem for liberalism in the early nineteenth century, and the works of these three writers are a response to it.

Your bank says the money in your checking account is yours, available in full, any time. Its own balance sheet says it's holding a fraction of it. Jonathan Newman on what banks actually do with your deposits.

Try paying for a roof in moonwalk lessons. That's the problem money solves. Sandy Klein on why barter fails and how gold became money.

Take the entrepreneur out of the picture, Mises said, and the entire market economy grinds to a halt. Peter Klein on why bearing uncertainty is the most fundamental act in economics.

Shawn Ritenour shows how the division of labor turns our inequalities into the glue of society, and why the only way to profit in a market is to serve someone else first.

Jeffrey Herbener builds Austrian price theory from the ground up.

No graphs, no data, no experiments—just logic. David Gordon on how Austrian economists reason from a single starting point: humans act.
 

Why is water nearly free while diamonds cost millions, when you'd die in three days without one and never miss the other? In 1871, Carl Menger finally solved it.

Opening the 40th Mises University, Professor Hülsmann tells how the Austrian school came back from near-extinction—and why Mises U was central to its revival.

Mark Thornton examines the rise of democratic socialism, the political realignment it may trigger, and why young Americans are embracing bad solutions to real problems.

The problem with socialism was never the wrong people in charge. It was socialism.

While people claim they want the "virtuous" state with citizens to match, what we really get is realpolitik, whether we want it or not.

Bob sits down with the managing editor of the Libertarian Institute, Keith Knight, to sample arguments from his recent four-hour video cataloguing sixty-four problems with democratic socialism.

There has been growing interest in democratic socialism, particularly among younger voters and progressive politicians in the United States. NTD discussed this trend with Mark Thornton, a senior fellow at the Mises Institute.

On this episode of Power and Market, Ryan, Tho, and Connor discuss the death of Lindsey Graham, the questions around Mitch McConnell, and provide a preview of next week's Mises University.

While we speak highly of “rule of law” and the “limited state,” the unfortunate truth is that the modern state is a law unto itself. 

Is the U.S. stock market more overvalued than at any point in the last 150 years—except for 1927? Mark Thornton believes today's extreme valuations, rising leverage, and mounting fiscal pressures are creating the conditions for a major market reckoning.