The P&M panel discusses Trump’s reversals, capitulations, and outright failures to fulfill popular campaign promises, and what Trump supporters should take away from all this.

For more information and to subscribe, visit https://Mises.org/P&MPod

More War and No Epstein Files: MAGA’s Rough Few Weeks

On this episode, Mark Thornton gives a crash course on the sleight-of-hand world of inflation, how it really works, why the official story doesn’t add up, and who benefits from the illusion. Drawing on Austrian insights, Mark dissects the politically engineered cycle of government overspending, Treasury bond issuance, and Federal Reserve money creation. You’ll learn how inflation doesn’t just “happen”: it’s a deliberate policy that distorts markets, transfers wealth, and props up an elite few while undermining the productive economy. The Fed’s role isn’t heroic. It’s central to the problem.

Additional Resources

"What Is Inflation? Clarifying and Justifying Rothbard’s Definition" by Kristoffer Hansen and Jonathan Newman (Quarterly Journal of Austrian Economics): https://mises.org/MI_130_A

"Too Much Money Portends High Inflation" by John Greenwood and Steve Hanke (Wall Street Journal): https://mises.org/MI_130_B

Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Inflation: True or Out of the Blue

Lucas Engelhardt explores the economics of interventionism, tracing Ludwig von Mises’s core argument that state interference in markets is both self-defeating and inherently unstable. Building on insights from Rothbard, Ikeda, and Higgs, Engelhardt examines why interventionism persists despite its failures, and whether we are, in fact, on the road to socialism or stuck in a stable middle ground.

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Economics of Interventionism

Timothy Terrell challenges the mainstream view that markets fail to protect the environment, arguing instead that government intervention often distorts land use, fuels cronyism, and undermines conservation. Drawing on Austrian insights, historical examples, and striking contrasts in land management outcomes, Terrell makes the case for property rights and market-based stewardship as the true path to sustainability.

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Environmental Conservation

Is economic inequality really the crisis it's made out to be, or is it a misunderstood feature of a healthy, free market society? Mark Thornton dismantles the modern obsession with equality, exposing the statist assumptions behind popular narratives and showing how capital accumulation, entrepreneurship, and individual differences drive prosperity. This is the Austrian answer to egalitarian myths.

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Economic Inequality

Jonathan Newman challenges mainstream interpretations of equilibrium, showing how Austrian economics replaces static models with a dynamic, step-by-step view of market coordination. Drawing on Mises, Rothbard, and Salerno, he explains how real-world prices emerge from individual choices and imperfect knowledge, not from abstract supply-demand curves or idealized conditions.

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Equilibrium Illusions

Connor O’Keeffe applies Rothbardian insights to expose how the news media distorts reality, not because of markets, but because of its entanglement with the state. From access-driven censorship to democracy-fueled misinformation, this talk reveals why the real threat isn’t media profit. It’s political power.

Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Rothbardian Insights on the Political Economy of Mass Media

Tho Bishop delivers a defense of Gen Z, arguing that they are bearing the brunt of decades of fiscal irresponsibility, inflationary policy, and political neglect. With historical insight and Rothbardian flair, he exposes how central banks, entitlements, and Keynesian ideology have rigged the system against younger generations, and why reclaiming the narrative is key to rebuilding liberty.

Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Zoomers: America’s Most Persecuted Minority

Daniella Bassi tells the remarkable story of the Arctic fur trade as a real-world case study in stateless order. In early 20th-century northern Canada, Inuit and European traders conducted peaceful, prosperous exchange, without government law or enforcement, guided instead by mutual respect, property rights, and natural law.

Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

The Canadian Arctic Fur Trade: A Case Study of Freedom

Ryan McMaken explores five enduring myths in the history of political thought, drawing on Ralph Raico’s The Struggle for Liberty to challenge conventional takes on Rousseau, John Stuart Mill, constitutionalism, and more. This lecture reclaims the radical roots of liberalism and warns against the illusion of legal remedies in the fight for freedom.

Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Five Myths About the History of Political Thought

Recorded at the Mises Institute in Auburn, Alabama, on July 26, 2025.

Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Closing Remarks and Awards Ceremony

The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.

More War and No Epstein Files: MAGA’s Rough Few Weeks

Mises Institute

Related tracks