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Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interviewBob’s response

The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether. Original Article: "Too Much Inflation? Just Raise the Inflation Target!" This Audio Mises Wire is

My purpose today is to make just two main points: (1) To show why Nazi Germany was a socialist state, not a capitalist one. And (2) to show why socialism, understood as an economic system based on government ownership of

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A correspondent sent me an argument I hadn’t heard before that concludes that it’s not morally permissible for libertarians to work for public universities, and in this week’s column, I’d like to examine that argument. To telegraph where I’m going,

The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens. Original Article: "My Time with the FBI" This Audio Mises Wire is generously sponsored

Was Adam Smith the founder of modern economics? Not so, says Murray Rothbard in his staggering two-volume An Austrian Perspective on the History of Economic Thought. Dr. Patrick Newman joins the show for a look at Rothbard's treatment of economics

Remember the movie Groundhog Day? The protagonist, played by Bill Murray, is stuck in a cycle where he relives the same day, February 2, every time he awakens in the small town of Punxsutawney, Pennsylvania. The same events happen throughout

[Editor's note: Two interviews from August 1992 given by Murray Rothbard to the Swedish student publication Svensk Linje (continuously published since 1942) were recently discovered in the Rothbard Archives and translated by Sven Thommesen for the first time. In this interview, Rothbard offers

Double your gift today. Today, the ideas of Ludwig von Mises are as important as ever. During his career, he discredited the ideas of socialism, identified the role central banks play in creating financial booms and busts, and established himself as