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Why I Have Hope

0:00 | Feb 18th, 2016

Thanks to our bankrupt economic policies, faith in our regime will soon be shaken whether we like it or not. Fortunately, we don't need a majority to make some changes for the better, writes Ron Paul. 
2016's Economy Begins with a Whimper

0:00 | Feb 18th, 2016

Global markets are showing they can't handle even a tiny bit of tightening by the Federal Reserve, and other central banks are doubling down on rock-bottom interest rates, writes David Haggith. After six years of "recovery" can we ever abandon endles...Show More
The Continuing Demonization of Cash

0:00 | Feb 18th, 2016

The public has been successfully conditioned to view the use of cash as something suspicious. Meanwhile, thanks to growing pressure from government, private business now often considers cash to be more trouble than it's worth, writes Paul-Martin Foss...Show More
The Truth About Politics

0:00 | Feb 18th, 2016

Politics operates according to principles that would horrify us if we observed them in our private lives, and would get us arrested if we lived by them. The state can steal and call it taxation, kill and call it war, writes Lew Rockwell. 
How the Blockchain and Gold Can Work Together

0:00 | Feb 8th, 2016

New technologies, such as the blockchain technology behind digital currencies like bitcoin, may in the future facilitate the convenient use of precious metals as money once again, writes Thorsten Polleit.
Are Harsh Sentencing Laws Driving Up Homicide Rates?

0:00 | Feb 8th, 2016

The United States is notable for incarcerating a very large portion of its population compared to other countries. Surprisingly, this may increase homicide rates and lead to enclaves of ex-cons which would help explain why so many homicide victims ha...Show More
Seven Changes Needed in Baltimore and Ferguson Right Now

0:00 | May 28th, 2015

Communities like Baltimore and Ferguson have been crippled by government regulations and the American nanny state. Now is the time to allow local residents to break free of government wage controls, government schooling, and government prohibitions, ...Show More
Will the Fed Let Innovation Work Its Magic?

0:00 | May 4th, 2015

In recent decades, the tech sector has brought us newer and better goods and ever-dropping prices. In an unhampered market, the same would happen across the entire economy. But, the Fed won't allow this to happen, writes Edin Mujagic.This audio Mises...Show More
Self-Interest Is Not Selfishness

0:00 | Apr 29th, 2015

When Mother Teresa used her Nobel Prize money to fund services for the poor, she was exhibiting "self-interest," but not selfishness. Like virtually everyone else, she used her property to achieve an end she valued, but which benefited others as well...Show More
What Romance Can Tell Us About Government Regulation

0:00 | Apr 22nd, 2015

When it comes to romantic relationships, people ruthlessly discriminate and make an endless number of subjective judgments. Most agree that it is absurd to regulate these relationships while not realizing that the same is true of all business relatio...Show More
Why Is the Fed Punishing My Parents?

0:00 | Apr 22nd, 2015

Thanks to the central bank, those who worked hard and "played by the rules" all their lives now face an uncertain future as inflation chips away at their savings and threatens their financial stability, writes Shawn Ritenour.This audio Mises Daily is...Show More
Brazil: Victim of Vulgar Keynesianism

0:00 | Apr 10th, 2015

Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in, writes Antony Mueller.This audio Mises Daily is ...Show More
The "Natural Interest Rate" Is Always Positive and Cannot Be Negative

0:00 | Apr 9th, 2015

We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thor...Show More
Judge Napolitano on Self-Ownership and 'National Defense

0:00 | Apr 9th, 2015

Natural rights are fundamentally different from goods and services. Judge Napolitano explains in his new book how the acquisition of a mere service — security — cannot be based on the destruction of rights, which cannot be traded away, writes David G...Show More
Death and Taxes in the Netflix Series Marco Polo

0:00 | Apr 6th, 2015

The new Netflix series Marco Polo might have descended into a forgettable story of palace intrigue, but it fortunately explores far more interesting themes of family, loyalty, and how the state demands everyone sell out his values a little more every...Show More
There’s No Political Freedom Without Economic Freedom

0:00 | Mar 9th, 2015

Many have tried to create a division between "political freedom" and "economic freedom." But all freedoms ultimately depend on economic freedom, and our view of economic exchange dictates our view of politics, writes Patrick Barron.This audio Mises D...Show More
Five Steps to Fixing Greece’s Debt Problem

0:00 | Mar 4th, 2015

The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy, writes Frank Hollenbeck....Show More
Yes, Minimum Wages Still Increase Unemployment

0:00 | Mar 2nd, 2015

In recent years, some economists, contrary to long-established and widely-accepted economic theory, have been claiming that increases in the minimum wage do not increase unemployment. But both logic and the data say otherwise, writes Andrew Syrios.Th...Show More
How Economic Aggregation Hides the Problems of Interventionism

0:00 | Feb 26th, 2015

Government likes to put out lots of data showing things like income and employment for huge numbers of people. The problem is, this tells us almost nothing about how real-life people are hurt or helped by government intervention, writes Gary Galles.T...Show More
How Truly Free Markets Help the Poor

0:00 | Feb 14th, 2015

Free markets have provided an abundance of goods and comforts for even low-income households. But constant government intervention in the work, lives, and incomes of the poor continues to create many barriers to economic success, writes Ryan McMaken....Show More
The Folly of 1845: Texas and the Evils of Annexation

0:00 | Feb 5th, 2015

The opposite of secession is annexation wherein governments extend their monopolies over a greater territory. Just as secession naturally limits the power of states, annexation extends it, and should be opposed, writes Ryan McMaken.This audio Mises D...Show More
How Government Helped Create the Coming Doctor Shortage

0:00 | Feb 3rd, 2015

If we want to lower the cost of health care, we should seek to increase the availability of health care services, including increases in trained medical personnel. Government, however, acts repeatedly to prevent the entry of more doctors into the mar...Show More
Europe Joins the QE Party

0:00 | Jan 31st, 2015

The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy. The wealthy and powerful will benefit from this, but most everyone else is in big trouble, writes Frank Hollenbec...Show More
How Free Markets Enhance Freedom of Choice

0:00 | Jan 29th, 2015

Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices, writes Hunter Hastings.This audio Mises Daily is narrated by Di...Show More
How Greek Default May Still Unravel the EU

0:00 | Jan 23rd, 2015

The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even more bailouts, writes Frank Hollenbeck.This audio Mises Daily is narrated by Robert Hale.
The True Cost of the Homeownership Obsession

0:00 | Jan 16th, 2015

The homeownership rate is now back where it was forty years ago. So what did all that federally-subsidized homebuying over the past decade accomplish? There was a lot of malinvestment, and a lot of politically-favored interest groups that got richer,...Show More
Bait and Switch: "Economic Development" in the States

0:00 | Jan 15th, 2015

States could attract more businesses and jobs by lowering taxes and making government smaller. But since governments hate cutting taxes and regulations, they instead choose to lure new firms with temporary tax breaks and special favors, writes Jeff S...Show More
Voluntary Exchange vs. Government Mandates

0:00 | Jan 7th, 2015

True welfare and value can only be achieved through exchange when it is fully voluntary. When the state intervenes to "improve" trade, it destroys value, all the government stats notwithstanding, writes Patrick Barron.This audio Mises Daily is narrat...Show More
The "Dog-Eat-Dog" Delusion

0:00 | Jan 3rd, 2015

Opponents of free markets sometimes describe market competition of dog-eat-dog, but that metaphor has nothing to do with markets and everything to do with politics and war, writes Gary Galles.This audio Mises Daily is narrated by Dianna Keiler.
North Korea: From Hermit Kingdom to Merchant Kingdom?

0:00 | Dec 24th, 2014

North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using black markets, it’s clear that trade with North Korea must be embraced, writes J. Wiltz.This audio Mise...Show More
Private Volunteers Step In Where Police Are AWOL

0:00 | Dec 23rd, 2014

Where police fail, as at Ferguson and in Detroit, private firms and volunteers have stepped in. And yet the state continues to claim that its employed enforcers are a thin blue line between order and chaos, writes Julian Adorney.This audio Mises Dail...Show More
Stalemate, Crisis, and the Triumph of the Modern State

0:00 | Dec 19th, 2014

One hundred years ago, the combatants of World War One fought themselves to a standstill. The warring regimes then used the opportunity to clamp down on internal dissent and a host of other liberties, writes T. Hunt Tooley.This audio Mises Daily is n...Show More
All I Want for Christmas is a (Real) Government Shutdown

0:00 | Dec 18th, 2014

Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown, writes Ron Paul.This audio Mises Daily is narrated by Dian...Show More
Politicians to Business Owners: Drop Dead

0:00 | Dec 4th, 2014

It's become common for populists to claim that what's good for businesses is bad for workers. It remains unclear, however, where all those workers are supposed to find jobs, writes Peter St. Onge.This audio Mises Daily is narrated by Dianna Keiler.
Diversity in Goals Brings Diversity in Value

0:00 | Nov 24th, 2014

Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values, writes Frank Shostak.This audio Mises Daily is narrated by Dianna Keiler.
Obamacare’s Jonathan Gruber and the Superhero Oath

0:00 | Nov 22nd, 2014

Economists can use their knowledge for both good and evil, and for those in government, such knowledge is often used to deceive and make government programs look less costly than they are, writes Gary Galles.This audio Mises Daily is narrated by Keit...Show More
State Monopolies Aren’t What They Used to Be

0:00 | Nov 21st, 2014

States wish to gain monopolies and maintain them in all facets of life, while entrepreneurs strive to offer alternatives to the state. It's our job to prevent the state from simply declaring the competition illegal, writes Julian Adorney.This audio M...Show More
The Cultural and Political Consequences of Fiat Money

0:00 | Nov 20th, 2014

Our global system of fiat moneys favors spenders and borrowers over savers. Low—and moderate—income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century, writ...Show More
How Macroeconomic Data Encourages Government Intervention

0:00 | Nov 20th, 2014

Entrepreneurs need very specific information about their products, markets, customers, and profits. Government macroeconomic data, however, does nothing to assist entrepreneurs to obtain this important information, but only helps justify economic int...Show More
{"_":"Why Is More Important Than Ever","em":["The Theory of Money and Credit"]}

0:00 | Nov 20th, 2014

Eighty years ago, Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and it still offers the clearest analysis and understanding of boom...Show More
Woodrow Wilson’s Faith in War

0:00 | Nov 20th, 2014

Malcolm D. Magee's new book on Woodrow Wilson examines a much-neglected topic: the role of Wilson's religion in his enthusiasm for war and his goal to “conquer, convert, and change the nations.”This audio Mises Daily is narrated by Dianna Keiler.
Moral Hazard and Socialism in Collective Security Agreements

0:00 | Nov 20th, 2014

Collective security agreements allow many countries's politicians to shift the cost of national defense to taxpayers outside their own countries. Moral hazard, belligerence, and over-reliance on military solutions often ensue, writes Patrick Barron.T...Show More
Central Banks Are Not Innocent Bystanders

0:00 | Nov 17th, 2014

The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fa...Show More
Middle-of-the-Road Policy: Lessons from Argentina and Venezuela

0:00 | Nov 15th, 2014

Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right, writes Iván Carrino.T...Show More
Nobel Winner Jean Tirole’s Faulty Views on Monopoly

0:00 | Nov 14th, 2014

Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, writes Frank Shostak.
What A Divided Berlin Still Teaches Us Today

0:00 | Nov 13th, 2014

Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get, writes Hans Hoppe.This audio Mises Daily is narrated by Keith Hocker.
Pakistan and the Problem of Military Aid

0:00 | Nov 13th, 2014

Awash in foreign aid from the United States for decades, Pakistan now finds itself having to look to the very countries that once used Pakistan as a model, to find a way out of its military-industrial malaise, writes Salmaan A. Khan.This audio Mises ...Show More
The Economics of Tipping

0:00 | Nov 12th, 2014

Many people think that tipping is a results from stingy employers not paying a "living wage." But tipping solves multiple economic problems while making employers more likely to hire untried workers, writes Kenneth Zahringer.This audio Mises Daily is...Show More
War Making and Class Conflict

0:00 | Nov 11th, 2014

Adapted from “Imperialism and the Logic of War Making.” War is the outcome of class conflict inherent in the political relationship — the relationship between ruler and ruled, parasite and producer, tax-consumer and taxpayer. The parasitic class make...Show More
World War I in Our Minds: A Historical View

0:00 | Nov 5th, 2014

Historian Hunt Tooley examines the turning points in how the world sees the Great War.
Price Deflation and Price Inflation Are Always "Optimal"

0:00 | Oct 30th, 2014

Price changes are the solution to a problem, not the problem itself.
Understanding "Quid Pro Quo"

0:00 | Oct 23rd, 2014

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.
The Index Card of Allowable Opinion

0:00 | Oct 23rd, 2014

Tom Woods explains the “unacceptable“ opinions behind freedom and free markets.This audio Mises Daily is narrated by Keith Hocker.
Do We Need a Lender of Last Resort?

0:00 | Oct 20th, 2014

Do we really want central banks that reward insolvency and encourage inefficiency?
An Austrian Economist Reports From a Mainstream Economics Conference

0:00 | Oct 16th, 2014

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 a...Show More
How Much Is Obama's War on ISIS Going to Cost?

0:00 | Oct 14th, 2014

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.
Sports Stadiums: Temples to Crony Capitalism

0:00 | Oct 14th, 2014

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 Sal...Show More
Rothbard on Self-Defense and War

0:00 | Oct 14th, 2014

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.
Left and Right Agree: War Is Popular

0:00 | Oct 9th, 2014

Don't expect sustained opposition to war to come from either side, writes Andrew Syrios. This audio Mises Daily is narrated by Keith Hocker.
The Problem With Steve Forbes’s New Gold Standard

0:00 | Oct 9th, 2014

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...Show More
What the Feds and Bernie Madoff Have in Common

0:00 | Oct 7th, 2014

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.
How Third-Party Payers Drive Up Medical Costs

0:00 | Sep 30th, 2014

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 pri...Show More
Scottish Referendum Gives Reasons to be Hopeful

0:00 | Sep 30th, 2014

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.
Mises’s Contribution to Understanding Business Cycles

0:00 | Sep 29th, 2014

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.
Regulate It First, Learn About It Never

0:00 | Sep 26th, 2014

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 G...Show More
Drug Warriors Claim Colorado Going to Pot

0:00 | Sep 24th, 2014

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.
Why Historical Revisionism Matters

0:00 | Sep 23rd, 2014

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.
The NCAA Racket

0:00 | Sep 15th, 2014

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 Unseen Costs of the Minimum Wage

0:00 | Sep 15th, 2014

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.
The Ethics of Entrepreneurship and Profit

0:00 | Sep 13th, 2014

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.
A Lesson in Economic Analysis from the Minimum Wage Debate

0:00 | Sep 11th, 2014

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.
Is This the Libertarian Moment?

0:00 | Sep 11th, 2014

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.
Six Myths About Money and Inflation

0:00 | Sep 3rd, 2014

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.
Austrians, Fractional Reserves, and the Money Multiplier

0:00 | Sep 2nd, 2014

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.
The Importance of Literary Criticism from a Free-Market Perspective

0:00 | Aug 29th, 2014

There’s a lot of exciting work being done in the field of literary studies, which isn’t usually known for its sound economics, writes Matt McCaffrey. This audio Mises Daily is narrated by Robert Hale.
Carl Menger’s Revolution

0:00 | Aug 29th, 2014

Menger, Walras and Jevons are credited with creating the marginal revolution in economics. Carl Menger's contribution to this revolution, however, should be regarded as something distinct, unique, and more rigorous, writes Mateusz Machaj. This audio ...Show More
Blaming That Cold Weather Culprit

0:00 | Aug 27th, 2014

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 ...Show More
{"_":"Austrian Capital Theory and ","em":["Dawn of the Planet of the Apes"]}

0:00 | Aug 27th, 2014

Austrian capital theory explains why creating a more technologically-advanced society is easier said than done, writes Mark Tovey. This audio Mises Daily is narrated by Keith Hocker.
Pioneers in Free-Market Literary Criticism

0:00 | Aug 27th, 2014

Thanks to Henry Hazlitt, Paul Cantor and others, a body of work by free-market literary critics is now beginning to emerge, writes Jo Ann Cavallo. This audio Mises Daily is narrated by Robert Hale.
Don’t Assume What Is "Unseen" Doesn’t Exist

0:00 | Aug 25th, 2014

Economists often rely on the assumption of “other things equal.” The problem arises when politicians ignore the economy and unintended results, writes Gary Galles. This audio Mises Daily is narrated by Allan Davis.
US Sanctions on Russia May Sink the Dollar

0:00 | Aug 25th, 2014

US sanctions against Russia are just the latest incentive for the world's economies to avoid dealing with the dollar, writes Ron Paul. This audio Mises Daily is narrated by Allan Davis.
Police States and Private Markets

0:00 | Aug 23rd, 2014

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...Show More
You Can’t Run an Economy with Spreadsheets

0:00 | Aug 22nd, 2014

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.
The Dating Market: Anarchy in Action

0:00 | Aug 19th, 2014

Dating someone can come with a very high opportunity cost and can lead to great emotional distress and more, writes Julian Adorney. So why doesn't the government regulate dating? This audio Mises Daily is narrated by Robert Hale.
The Fed and the “Salvador Dali Effect”

0:00 | Aug 19th, 2014

The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate without consequences indefinitely. The international victims of the scheme, however, are looking for a way ...Show More
The Intolerance Behind Elizabeth Warren’s 11 Commandments of Progressivism

0:00 | Aug 16th, 2014

Elizabeth Warren outlines 11 Commandments of Progressivism and each requires coercion and politics to succeed, writes William Anderson. This audio Mises Daily is narrated by Allan Davis.
Higher Ed Cronyism in Serbia: A Case Study

0:00 | Aug 15th, 2014

If the payoff is high enough, universities are happy to award degrees based on political connections, writes Predrag Rajšic. This audio Mises Daily is narrated by Robert Hale.
The Golden Rule vs. Catholic Case Against Free Markets

0:00 | Aug 13th, 2014

It is now fashionable in some intellectual Catholic circles to disparage free markets at every turn, but this requires the critics to ignore the core of free-market philosophy: the Golden Rule, writes Randy England. This audio Mises Daily is narrated...Show More
Tax Cuts Are Only for the Powerful

0:00 | Aug 12th, 2014

Politicians tell us that tax cuts aren't necessary for economic growth. But when a politically-powerful company offers to move to town and hire people, the politicians fall all over themselves to offer a tax cut. Ordinary business owners, meanwhile, ...Show More
Confusing Capitalism with Fractional Reserve Banking

0:00 | Aug 12th, 2014

Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today, writes Frank Hollenbeck. This audio Mises Daily is narrated by Keith Hocker.
The Savings and Loan Debacle: Twenty-Five Years Later

0:00 | Aug 11th, 2014

Many still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations, writes Dale Steinreich. This audio Mises Daily is narrated by Robert Hale.
Hollywood and the State: A Longtime Partnership

0:00 | Aug 8th, 2014

Hollywood has a long history of joining forces with the US government. In recent decades a complex system of subsidies and direct assistance from various government agencies in the making of movies has helped bring the state and the entertainment ind...Show More
Understanding Argentina’s Coming Default

0:00 | Aug 8th, 2014

The Argentine government has a habit of spending without restraint and then trying to cheat its creditors. But this time, it's run into a problem, writes Nicolás Cachanosky. This audio Mises Daily is narrated by Robert Hale.
The State’s Worst Atrocity

0:00 | Aug 7th, 2014

War has been at the heart of much pro-government ideology, and remains so today, writes Lew Rockwell. This audio Mises Daily is narrated by Allan Davis.
The "Entrepreneurial" State is Anything But

0:00 | Aug 6th, 2014

With the failure of central planning, many economists see government as an entrepreneurial institution that fosters efficiency and economic growth, writes Tyler Kubik. This audio Mises Daily is narrated by Keith Hocker.
A Brief History of Progressivism

0:00 | Aug 5th, 2014

“Progressives” throughout history repeatedly show a fondness for social engineering and state control, writes Andrew Syrios. This audio Mises Daily is narrated by Allan Davis.
Why Faster Is Sometimes Better, But Not Always

0:00 | Aug 5th, 2014

Booms and busts are brewing in the real economy, but computers that can quickly solve math problems won’t tell you much about how business cycles work, writes Jonathan Newman. This audio Mises Daily is narrated by Allan Davis.
World War One and the End of the Bourgeois Century

0:00 | Aug 5th, 2014

The First World War began one hundred years ago, and it was a total disaster for Europe. The war destroyed not only the bodies and capital of millions of human beings, but it also destroyed the ideology and economy of the peaceful and prosperous cent...Show More
When State-Subsidized Industries Attack

0:00 | Aug 4th, 2014

The corn, sugar, and ethanol industries in the US are all part of a complex system of government subsidies and other favors, writes Dave Albin. This audio Mises Daily is narrated by Robert Hale.
The War on Drugs Is Not Like The War on Poverty

0:00 | Aug 2nd, 2014

Unlike the War on Poverty, the War on Drugs is a real and bloody war by the United States against a minority group known as drug buyers and sellers, writes Randall Holcombe. This audio Mises Daily is narrated by Allan Davis.
Labor Unions Are Anti-Labor

0:00 | Aug 1st, 2014

Labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages, writes George Reisman. This audio Mises Daily is narrated by Robert Hale.
How Government Uses “Efficiency” as an Excuse to Steal

0:00 | Aug 1st, 2014

Only individuals can determine what is efficient for themselves, writes Gary Galles. This audio Mises Daily is narrated by Robert Hale.
When High Taxes Lead to Revolution

0:00 | Jul 31st, 2014

The lack of revolutions, even in highly-taxed societies points to the possibility that many are willing to tolerate rather high taxation rates, writes Peter St. Onge. This audio Mises Daily is narrated by Allan Davis.
Should We Build a McDonald’s on the Rim of the Grand Canyon?

0:00 | Jul 30th, 2014

It is worth remembering that much of the tourist economy in the West is a subsidized invention of the federal government, writes Ryan McMaken. This audio Mises Daily is narrated by Keith Hocker.
The Problem with Right-to-Work Laws

0:00 | Jul 29th, 2014

Right-to-work laws substitute one government mandate for another, writes Logan Albright. This audio Mises Daily is narrated by Robert Hale.
How to Start Reforming the Federal Reserve Right Now

0:00 | Jul 29th, 2014

Real reform of the Fed begins with setting interest rates free, the abolition of deposit insurance, and ending the Fed’s position as lender of last resort, writes Brendan Brown. This audio Mises Daily is narrated by Robert Hale.
The Neo-Mercantilist Hysteria Over US Trade Deficits

0:00 | Jul 28th, 2014

Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects, writes Joseph Salerno. This audio Mises Daily is narrated by Keith Hocker.
How the Drug War Drives Child Migrants to the US Border

0:00 | Jul 22nd, 2014

It is not a coincidence that an increasing percentage of child migrants to the US border are from areas devastated by the American drug war, writes Mark Thornton. This audio Mises Daily is narrated by Keith Hocker.
Industrial Policy Is Still a Loser

0:00 | Jul 17th, 2014

Stiglitz wants to revitalize industrial policy through greater government intervention to favor certain technologies over others, writes Stewart Dompe and Adam C. Smith.
Jean-Baptiste Say: An Underrated Revolutionary

0:00 | Jul 15th, 2014

Say’s insights continue to challenge interventionist economists to this day. Everl Schoorl’s new biography sheds new light on Say’s life and works, writes Carmen Dorobat. This audio Mises Daily is narrated by Keith Hocker.
How To Have Law Without Legislation

0:00 | Jul 14th, 2014

Rothbard explores Bruno Leoni’s call for a return to the ancient traditions and principles of "judge-made law" as a method of limiting the state and insuring liberty. This audio Mises Daily is narrated by Allan Davis.
What Is the Rate of Return on the Louisiana Purchase?

0:00 | Jul 11th, 2014

The true benefits of the Louisiana and Alaska Purchases are less clear than their value to pro-government propaganda, writes David Howden and Daniel Atienza. This audio Mises Daily is narrated by Keith Hocker.
The Jeffersonian Secessionist Tradition

0:00 | Jul 10th, 2014

In examining newspaper editorials of the nineteenth century and Jefferson's own views of secession, Thomas DiLorenzo explores the once-widespread belief, both North and South, that the American states were part of a voluntary union. This audio Mises ...Show More
Why the Mainstream Fails to Understand Recessions

0:00 | Jul 9th, 2014

Many Austrians saw the bust coming, and thanks to Austrian economics, we also better understand the details of how booms and busts work, writes Hal Snarr. This audio Mises Daily is narrated by Allan Davis.
How Government Forces the Poor Into Black Markets

0:00 | Jul 8th, 2014

Industrious low-income people often must turn to doing business in the black market to avoid the burdensome costs of government regulations, writes Peter St. Onge. This audio Mises Daily is narrated by Allan Davis.
Shinzo Abe and the Three Magic Arrows

0:00 | Jul 7th, 2014

Shinzo Abe’s so-called “three arrows” of monetary stimulus, fiscal stimulus, and structural reform, have crippled the Japanese economy, writes Andy Sirkis. This audio Mises Daily is narrated by Keith Hocker.
When Steelers Steal

0:00 | Jul 3rd, 2014

In a free-market economy, firms threatened with competition often respond by searching for ways to increase efficiencies, attempting to lower costs and improving on economies of scale and scope. Meanwhile, protectionists and labor unions seek to avoi...Show More
Why Timid Reforms of Central Banks Won’t Work

0:00 | Jul 1st, 2014

It is now clear that the Fed and the European Central Bank are hard-wired to inflate the money supply while encouraging banks to make excessively risky loans, writes Frank Hollenbeck. This audio Mises Daily is narrated by Clay Barnett.
Early Catholic Social Teaching: The State as Robber

0:00 | Jun 30th, 2014

Many Christians call for legislation to regulate, control, and ban activities that they deem as social vices, writes Bryan Cheang. This audio Mises Daily is narrated by Clay Barnett.
Why the Fed Is Nothing to Celebrate

0:00 | Jun 27th, 2014

For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy, writes Benjamin Wiegold. This audio Mises Daily is narrated by Keith Hocker.
My Social Justice Is Better Than Yours

0:00 | Jun 26th, 2014

Socialism can only be maintained when one group imposes its will by force on all other groups, writes D.W. MacKenzie. This audio Mises Daily is narrated by Allan Davis.
Europe’s Mario Draghi Starring in Bernanke’s Show

0:00 | Jun 26th, 2014

ECB’s Mario Draghi has taken over from Ben Bernanke as the world’s most enthusiastic money printer, writes Brendan Brown. This audio Mises Daily is narrated by Allan Davis.
Government Roads, Subsidies, and the Costs of Fracking

0:00 | Jun 25th, 2014

A result of a complex system of subsidies and other government favors, it is unclear that fracking would be sustainable in a truly free marketplace, writes Sal Ahmed. This audio Mises Daily is narrated by Clay Barnett.
Limited Government Is a Vain Hope

0:00 | Jun 24th, 2014

Given the many failures of the state, many will mistakenly seek a solution in “limited government," writes David Gordon. This audio Mises Daily is narrated by Clay Barnett.
Turning Piketty Right Side Up

0:00 | Jun 24th, 2014

In his new book, Capital In the Twenty-First Century, Piketty fails to understand how savings and investment work, writes George Reisman This audio Mises Daily is narrated by Keith Hocker.
Even the Feds Admit Minimum Wages Cause Unemployment

0:00 | Jun 23rd, 2014

A little-known loophole in federal law allows people with disabilities to be employed below the minimum wage, writes Nicholas Freiling. Why the exemption? This audio Mises Daily is narrated by Allan Davis.
The European Central Bank’s House of Cards

0:00 | Jun 20th, 2014

The European Central Bank’s recent move to negative interest rates is a sign that the ECB is hitting the panic button, writes Frank Hollenbeck. This audio Mises Daily is narrated by Keith Hocker.
You Didn’t Consent to be the State’s Victim

0:00 | Jun 20th, 2014

Defenders of government coercion often claim that residence within a state’s boundaries imply consent to be taxed, writes Walter Block. This audio Mises Daily is narrated by Allan Davis.
Higgs, Hoppe, and the Cycle of the State

0:00 | Jun 18th, 2014

The vastly greater productivity of a relatively-free populace makes for greater per capita tax revenue, writes Dan Sanchez. This audio Mises Daily is narrated by Clay Barnett.
Everything Popular Is Wrong: Malinvestment and Consumers

0:00 | Jun 17th, 2014

Any government intervention in the economy, such as, loan programs, regulations, and subsidies, creates malinvestments, writes Dayne Girard. This audio Mises Daily is narrated by Allan Davis.
Why Foreign Politicians Hate Your Freedom

0:00 | Jun 17th, 2014

Governments don’t like it when neighboring countries offer freedoms not available at home, writes Ryan McMaken. This audio Mises Daily is narrated by Allan Davis.
Profits Do Not Make Health Care Unaffordable

0:00 | Jun 16th, 2014

Government intervention in health care has driven up health care prices. Mainstream journalists choose to focus on profits and “greed” as the problem, writes Rich Brents . This audio Mises Daily is narrated by Keith Hocker.
How Smugglers Made America

0:00 | Jun 13th, 2014

Smuggling has often played a pivotal role in important events and episodes in American history, writes Mark Thornton. This audio Mises Daily is narrated by Clay Barnett.
What Henry Hazlitt Can Teach Us About Inflation in 2014

0:00 | Jun 11th, 2014

In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates, writes James Grant. This audio Mises Daily is narrated by Clay Barnett.
Natural Disasters Don’t Increase Economic Growth

0:00 | Jun 10th, 2014

Although Frédéric Bastiat disproved it years ago, many still believe that natural disasters increase economic growth, writes Frank Hollenbeck. This audio Mises Daily is narrated by Allan Davis.
Why the Cost of Government Is Higher Than You Think

0:00 | Jun 9th, 2014

When governments spend, regulate, and tax, they decrease household take-home pay while diverting savings and investment to the government class, writes Gary Galles. This audio Mises Daily is narrated by Allan Davis.
Why Central Bank Stimulus Cannot Bring Economic Recovery

0:00 | Jun 6th, 2014

Merely increasing demand does not increase production or produce wealth, writes Patrick Barron. This audio Mises Daily is narrated by Clay Barnett.
The High Cost of Minimum Wages

0:00 | Jun 5th, 2014

Swiss voters recently rejected a proposal to introduce the world’s highest minimum wage, writes Benjamin M. Wiegold. This audio Mises Daily is narrated by Clay Barnett.
How Inflation Helps Keep the Rich Up and the Poor Down

0:00 | Jun 4th, 2014

Inflation puts a brake on social mobility: the rich stay rich (longer) and the poor stay poor (longer) than they would in a free society, writes Guido Hülsmann. This audio Mises Daily is narrated by Clay Barnett.
The New Skyscraper Curse

0:00 | Jun 2nd, 2014

Thanks to cheap money and malinvestment, new record-setting skyscrapers are being planned and built as the global fiat-money-induced boom continues, writes Mark Thornton. This audio Mises Daily is narrated by Clay Barnett.
How Central Banks Are Waging War on Your Savings

0:00 | May 30th, 2014

Easy money policy hurts most people, particularly workers and savers, and redistributes their wealth to the ruling elites, writes Mark Thornton. This audio Mises Daily is narrated by Keith Hocker.
What Libertarians Should Learn From the Abolitionists

0:00 | May 29th, 2014

Libertarians must never compromise, even if it means accepting partial victories, writes Murray N. Rothbard. Murray Rothbard (1926–1995) was dean of the Austrian School. He was an economist, economic historian, and libertarian political philosopher.T...Show More
Health Care and the Candy Store Called Socialism

0:00 | May 23rd, 2014

In socialist countries of old, it was easy to find cookies and candies in state-owned stores while fresh meat and bread was rare, writes Jim Fedako. This audio Mises Daily is narrated by Joe Kohlhaas.
How Consumers Rule In a Free Economy

0:00 | May 21st, 2014

One of Carl Menger’s contributions was his primacy of the consumer in determining value and price, not only in the marketplace but in all economic activity, writes Christopher Westley.This audio Mises Daily is narrated by Keith Hocker.
Why They Hate Peace

0:00 | May 20th, 2014

War increases government spending, inhibits free trade, and lays the foundation for numerous future conflicts, writes Ron Paul. This audio Mises Daily is narrated by Clay Barnett.
The Mythology of the Supreme Court

0:00 | May 19th, 2014

Supreme Court justices are politicians, who behave in the manner Public Choice theory tells us they should, and they seek to preserve and expand their own power, writes Ryan McMaken. This audio Mises Daily is narrated by Keith Hocker.
Democracy, War, and the Myth of the Neutral State

0:00 | May 14th, 2014

The real sovereign is the small ruling class that makes the final decisions in the state of emergency, writes Carlo Lottieri and Luigi Marco Bassani. This audio Mises Daily is narrated by Keith Hocker.
What Individualism Is Not

0:00 | May 13th, 2014

Enemies of laissez faire wish to saddle it with much unsavory baggage, writes Frank Chodorov. Frank Chodorov (1887–1966) was an advocate of the free market, individualism, and peace.This audio Mises Daily is narrated by Clay Barnett.
Differences Don’t Necessarily Equal Discrimination

0:00 | May 9th, 2014

To blame every income discrepancy on discrimination leads to very odd conclusions, writes Andrew Syrios. This audio Mises Daily is narrated by Keith Hocker.
Markets Are About Much More Than Material Goods

0:00 | May 6th, 2014

The affluence of free markets makes it possible to pursue goals few of us would have the means to pursue otherwise, writes Gary Galles.This audio Mises Daily is narrated by Keith Hocker.
Europe and Deflation Paranoia

0:00 | May 5th, 2014

The European Central Bank is deeply concerned about deflation, and deflation paranoia is a convenient way to justify propping up southern Europe, writes Frank Hollenbeck.This audio Mises Daily is narrated by Joe Kohlhaas.
Our Oligarchs Can Thank James Madison

0:00 | May 2nd, 2014

Recent research has shown that the United States government functions to benefit wealthy interests while ignoring the average citizen, writes Ryan McMaken. This audio version of the Mises Daily is narrated by Clay Barnett.
Why We Should Sell Alcohol at College Football Games

0:00 | Apr 24th, 2014

Mark Thornton presents the case for selling beer at college football games.This audio Mises Daily is narrated by Clay Barnett.
Drugs: The Good, the Bad, and the Ugly

0:00 | Oct 2nd, 2012

The Big Pharma–FDA nexus is just one giant conflict of interest against the general public, writes Mark Thornton.This audio Mises Daily is narrated by the author.
Vices Are Not Crimes

0:00 | Jul 16th, 2012

Spooner's anarchism was, like his abolitionism, another valuable part of his pietist legacy. For, here again, his pietistic concern for universal principles brought him to a consistent and courageous application of libertarian principles, writes Murr...Show More
On Equality and Inequality

0:00 | Jul 16th, 2012

The fact that men are born unequal in regard to physical and mental capacities cannot be argued away, writes Ludwig von Mises.This audio Mises Daily is narrated by Harold Fritsche.
Ron Paul: Mr. Republican

0:00 | Jul 5th, 2012

In this article, Llewellyn H. Rockwell Jr. touches on Ron Paul's political career.This audio Mises Daily is narrated by Harold Fritsche.
The Watermelon Summit

0:00 | Jul 5th, 2012

Watermelon: "green" on the outside, red on the inside. Rio Earth Summit: "Watermelons of the World Unite!"This audio Mises Daily is narrated by Harold Fritsche.
Hitler's Economics

0:00 | Jul 3rd, 2012

Hitler is the modern archetype of political evil, but many who condemn him still embrace his policies, writes Llewellyn H. Rockwell Jr.This audio Mises Daily is narrated by Harold Fritsche.
Government Medical "Insurance"

0:00 | Jul 2nd, 2012

Instead of solving the initial problem, the intervention creates two or three further problems, which the government feels it must intervene to heal, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Harold Fritsche.
Is Greater Productivity a Danger?

0:00 | Jun 27th, 2012

Tim Jackson, a professor of sustainable development at the University of Surrey, suggests that greater productivity may have reached its "natural limits", writes David Gordon.This audio Mises Daily is narrated by Harold Fritsche.
Free Economy and Social Order

0:00 | Jun 25th, 2012

The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite, writes Wilhelm Röpke (1899-1966).This audio Mises Daily is narrated by Harold Fritsche.
What Soviet Medicine Teaches Us

0:00 | Jun 25th, 2012

In 1918, the Soviet Union became the first country to promise universal "cradle-to-grave" healthcare, writes Yuri N. Maltsev.This audio Mises Daily is narrated by Harold Fritsche.
The Fascist Threat

0:00 | Jun 23rd, 2012

Fascism cartelizes the private sector and denies fundamental rights and liberties to individuals. This describes mainstream politics, writes Llewellyn H. Rockwell Jr.This audio Mises Daily is narrated by Harold Fritsche.
The Task Confronting Libertarians

0:00 | Jun 20th, 2012

Libertarians must form and maintain organizations not only to promote their broad principles but to promote these principles in special fields, writes Henry Hazlitt (1894–1993).This audio Mises Daily is narrated by Harold Fritsche.
The Fiasco of Fiat Money

0:00 | Jun 18th, 2012

Today's worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.This audio Mises Daily is narrated by Harold Fritsche.
The Idea of a Third System

0:00 | Dec 5th, 2011

Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen, writes Ludwig von Mises (1881–1973).This audio Mises Daily is narrated by Jeff Riggenbach.
Clarence Darrow Puts the State on Trial

0:00 | Aug 27th, 2011

You always remember books that change your mind, because these books are so few and far between, writes Doug French.This audio Mises Daily is narrated by Colin Hussey.
The Smithian Conquest of France

0:00 | Aug 23rd, 2011

The audio version of the Mises Daily article for August 23, 2011. [6:50]
The Costs of Compulsory Education

0:00 | Aug 17th, 2011

Education will only be reformed once parents and entrepreneurs are free to create real alternatives to broken systems, writes Aaron Smith.This audio Mises Daily is narrated by Keith Hocker
Malthus and the Assault on Population

0:00 | Aug 2nd, 2011

The Malthusian fallacy created the common view that economics is cold, hardhearted, excessively rational, and opposed to the welfare of people, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Jeff Riggenbach.
The Myth of the Voluntary Military

0:00 | Jul 29th, 2011

"Desertion" sounds ominous, but it merely describes the right to quit, writes Jeffrey A. Tucker.This audio Mises Daily is narrated by Steven Ng.
Welcome to Needle Park

0:00 | Jul 20th, 2011

No one wants a needle park in his or her neighborhood, but that is exactly what prohibition brings. Prohibition also brings increased violence and property crime. Legalization would bring commercially produced products that are reasonably priced, wri...Show More
Lower the Debt Ceiling

0:00 | Jul 15th, 2011

If Congress passed legislation that systematically reduced the debt ceiling over time, the economy could be rebuilt on a solid foundation. Entrepreneurs in the productive sectors would realize that an ever-increasing proportion of resources (land, la...Show More
A Problem in Psychology

0:00 | Jul 14th, 2011

It is simply impossible for one immersed in the political game to think normally. If we accept as normal the thought processes of those who make a living in the marketplace, then the tergiversations of the political mind must be considered abnormal o...Show More
Yes, There is a Revolution Afoot

0:00 | Jul 13th, 2011

There is a revolution afoot, one that is happening much more quickly than the Industrial Revolution. We are living in the middle of it, writes Jeffrey A. Tucker.This audio Mises Daily is narrated by Steven Ng.
What Is Walmart's Crime?

0:00 | Jul 13th, 2011

The NYT is angry because the courts did not stick it to another American business, writes William L. Anderson.This audio Mises Daily is narrated by Keith Hocker.
Prohibition vs. Private Solutions at the Electric Daisy Carnival

0:00 | Jul 11th, 2011

The ability to find cities to host their events lies largely on the ability to minimize drug-related problems, writes Jonathan M. Finegold Catalan.This audio Mises Daily is narrated by Joel Sams.
In Defense of Tomb Robbing

0:00 | Jul 6th, 2011

The grave robber joins the bootlegger, the gunrunner, the drug dealer, and the ivory poacher as another phony criminal created by laws that shouldn't exist, writes Adam Young.This audio Mises Daily is narrated by Colin Hussey.
The Why of Gun Ownership

0:00 | Jul 6th, 2011

Something happened in Buffalo, New York, that contradicts the propaganda of those who support "gun control", writes James Ostrowski.This audio Mises Daily is narrated by Colin Hussey.
Creating the Anthrax Crisis His Career Needed

0:00 | Jul 6th, 2011

Bruce Ivins had the skill, the opportunity, and the motives to single-handedly produce the crisis that the state needed, writes Floy Lilley.This audio Mises Daily is narrated by the author.
Why Legalize Now?

0:00 | Jul 1st, 2011

Why the sudden pressure against drug prohibition? It is a burden on taxpayers. It is a burden on government budgets. It is a burden on the criminal-justice system. It is a burden on the healthcare system. The economic crisis has intensified the pain ...Show More
Arbitration of Disputes

0:00 | Jul 1st, 2011

Disputants would be far better off if they could choose among competing arbitration agencies and thereby reap the benefits of competition and specialization, writes Morris and Linda Tannehill.This audio Mises Daily is narrated by Holly Hinton and Joe...Show More
Education Is More Than Instruction

0:00 | Jun 29th, 2011

The person of intelligence tends to "see things as they are," never permits his view of them to be directed by convention, by the hope of advantage, or by an irrational and arbitrary authoritarianism. His consciousness is uncontrolled by prejudice, p...Show More
McDonald's as the Paradigm of Progress

0:00 | Jun 27th, 2011

This great company keeps reinventing itself to serve the public: real people, not abstractions, writes Jeffrey A. Tucker.This audio Mises Daily is narrated by Steven Ng.
Socialism Confounds Government and Society

0:00 | Jun 22nd, 2011

Every time we object to a thing being done by government, they conclude that we object to its being done at all, writes Frédéric Bastiat (1801–1850).This audio Mises Daily is narrated by Joel Sams.
Swan Song of the Old Right

0:00 | Jun 21st, 2011

The Old Right of the postwar period had a rugged and near-libertarian honesty in domestic affairs as well, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Keith Hocker.
Do You Hate the State?

0:00 | Jun 15th, 2011

The abolitionist would blister his thumb pushing a button that would abolish the state immediately, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Steven Ng.
Got Milk?

0:00 | Jun 13th, 2011

Milk in its natural state — raw milk — is consumed by very few Americans, because it is illegal in many states and thoroughly discouraged by federal health organizations, regulators, and the Big Dairy lobby. Its dangers are minimal, and those are due...Show More
The Heat Is On!

0:00 | Jun 3rd, 2011

We should thank our lucky stars for air conditioning — and hope that that government won't destroy it, writes Mark Thornton.This audio Mises Daily is narrated by the author.
FDR and the Collectivist Wave

0:00 | Jun 2nd, 2011

Roosevelt began negotiations to welcome the model killer state of the century into the community of nations, writes Ralph Raico.This audio Mises Daily is narrated by Nathaniel Foote.
Defending the Advertiser

0:00 | Jun 1st, 2011

Advertising must be defended by those who believe in freedom of speech — for that is all advertising is, writes Walter Block.This audio Mises Daily is narrated by Jeff Riggenbach.
On Hubris, the Experts, and Healthcare-System Reform

0:00 | May 31st, 2011

The way to become an expert is as follows: don't challenge the prevailing orthodoxy of the institution; learn the history, underlying principles, and the inner workings of the institution; regurgitate the orthodoxy as you've been taught; celebrate th...Show More
Eugen von Böhm-Bawerk: Economist, Minister, Aristocrat

0:00 | May 27th, 2011

In Austria, hardly any other economist has achieved the same kind of fame as Böhm-Bawerk, write Eugen-Maria Schulak and Herbert Unterköfler.This audio Mises Daily is narrated by Paul Strikwerda.
What Is Money?

0:00 | May 27th, 2011

A man would die of hunger who, having decided that money is real wealth, should carry out the idea to the end, writes Frédéric Bastiat (1801–1850).This audio Mises Daily is narrated by Holly Hinton and Joel Sams.
A Case for Private Eyes

0:00 | May 26th, 2011

Don't leave the job of criminal investigation to the politicized state, writes William L. Anderson.This audio Mises Daily is narrated by Colin Hussey.
What Drives Higher Unemployment?

0:00 | May 24th, 2011

In an unhampered free-market system, the Ricardo effect is benign and progressive. It is just an interesting observation, writes Patrick Barron.This audio Mises Daily is narrated by Keith Hocker
William Graham Sumner and the Conquest of the United States by Spain

0:00 | May 24th, 2011

The great sociologist William Graham Sumner explains how the imperialist wars result in the very opposite of their stated intentions.This audio Mises Daily is narrated by Steven Ng.
Hayekian Courage

0:00 | May 19th, 2011

A tribute from the 100th anniversary of his birth by Investors Business Daily. This audio Mises Daily is narrated by Steven Ng.
Ideological and Political Underpinnings of the Great Society

0:00 | May 9th, 2011

For the most part, the Great Society represented the culmination of economic, political, and intellectual developments dating back a century, writes Robert Higgs.This audio Mises Daily is narrated by Steven Ng.
Keynes and the Pyramids

0:00 | May 3rd, 2011

Keynes loved the pyramids. The attempt to rehabilitate the reputation of the pyramid project is part of a larger cultural effort to prop up the respectability of government in general and the nation-state in particular, writes Paul A. Cantor.This aud...Show More
Six Fundamental Errors of the Current Orthodoxy

0:00 | May 2nd, 2011

What they don't understand: aggregation, relative prices, interest rates, capital structure, money pumping, and regime uncertainty, writes Robert Higgs.This audio Mises Daily is narrated by Colin Hussey.
The "Old Lady" Hasn't a Clue

0:00 | Apr 27th, 2011

A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anyway). I knew that I was going to hear either a self-critical explanation or, more likely, some hogwash. H...Show More
Money Can't Buy You Economic Prosperity

0:00 | Apr 26th, 2011

We cannot eat money. We cannot wear money. We cannot live in money. Money can't buy you love, writes Shawn Ritenour.This audio Mises Daily is narrated by Keith Hocker.
Introduction to 'Liberty Defined'

0:00 | Apr 26th, 2011

I use the term "liberal" without irony or contempt, for the liberal tradition in the true sense was devoted to freeing people from the shackles of the state, writes Ron Paul.This audio Mises Daily is narrated by Steven Ng.
Pre-Fascist Italy: Tax and Borrow and Spend

0:00 | Apr 22nd, 2011

The balanced budget passed away definitely in 1911, not to return again until a revolution had swept from the people of Italy their freedom, writes John T. Flynn (1882–1964).This audio Mises Daily is narrated by Nathaniel Foote.
The Discovery of the Self: The Theory of Subjective Value

0:00 | Apr 20th, 2011

Menger went on to accomplish a radical break with tradition: a thoroughly individualistic view of humanity and of the world, writes Eugen-Maria Schulak and Herbert Unterköfler.This audio Mises Daily is narrated by Paul Strikwerda.
The Moral Imperative of the Market

0:00 | Apr 19th, 2011

If it is true that prices are signals which enable us to adapt our activities to unknown events and demands, it is evidently nonsense to believe that we can control prices, writes Friedrich A. Hayek (1899–1992).This audio Mises Daily is narrated by N...Show More
Meet My Benefactor

0:00 | Apr 14th, 2011

I happened to sit down next to a man last week who has been my benefactor for my entire life and the large part of his, and yet we had never met. In fact, though he has been serving me faithfully for three decades, looking after my well-being and try...Show More
Why Rich Families Hate Capitalism

0:00 | Apr 14th, 2011

Often the dispersion of a fortune starts already in the lifetime of the businessman when his buoyancy, energy, and resourcefulness become weakened, writes Ludwig von Mises (1881–1973).This audio Mises Daily is narrated by Keith Hocker.
The Austrian School's Critique of Marxism

0:00 | Apr 12th, 2011

According to Mises, socialism would be bound to fail not because of morality but because of insuperable intellectual difficulties, writes Eugen-Maria Schulak and Herbert Unterköfler.This audio Mises Daily is narrated by Paul Strikwerda.
Introduction to the Bastiat Collection

0:00 | Apr 11th, 2011

If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic education, and their impact in support of the free-market economy, then Frédéric Bastiat would be at the top ...Show More
The Anticapitalistic Bias of American Intellectuals

0:00 | Apr 8th, 2011

In the U.S., an almost unsurmountable gulf separates "society" from the intellectuals, writes Ludwig von Mises (1881–1973).This audio Mises Daily is narrated by Colin Hussey.
Capitalism at the Farm Stand

0:00 | Apr 7th, 2011

They think they are doing battle with capitalism and corporate greed; I say it is a pure and beautiful example of a market exchange, writes Stefano R. Mugnaini.This audio Mises Daily is narrated by Brad O'Connell.
Henry David Thoreau

0:00 | Apr 6th, 2011

If you want to know Thoreau, you had better pass up the diagnosticians and get down to reading Thoreau himself, writes Frank Chodorov (1887–1966).This audio Mises Daily is narrated by Steven Ng.
Democracy and Liberty

0:00 | Apr 5th, 2011

It is generally accepted that a government can enslave the citizens — unless it is a democratic government. Mistake!This audio Mises Daily is narrated by Colin Hussey.
Public Service Is an Ignoble Calling

0:00 | Apr 1st, 2011

It's difficult to say "Bush School of Government and Public Service" aloud without gagging, writes Robert Higgs.This audio Mises Daily is narrated by Steven Ng.
Introduction to 'Great Wars and Great Leaders'

0:00 | Mar 29th, 2011

From the 18th century to our own time, the liberal tradition has stood firmly against war, based both on principle and on the reality of how and why wars begin, and also the wicked damage they do to society. The excuses for wars mask the underlying r...Show More
World War II Did Not End the Great Depression

0:00 | Mar 29th, 2011

The illusion of wartime prosperity is rooted in how national income was calculated and in how the statistics were compiled, writes Art Carden.This audio Mises Daily is narrated by Keith Hocker.
OMG! There's Discrimination in the Modeling Industry!

0:00 | Mar 29th, 2011

Professor Block is a handsome fellow. But he is not likely to appear on the catwalk anytime soon, writes Ben O'Neill.This audio Mises Daily is narrated by Colin Hussey.
On Doing Something About It

0:00 | Mar 28th, 2011

If a prominent politician hires a hall to make a speech, stay away; the absent audience will bring him to a realization of his nothingness, writes Frank Chodorov (1887–1966).This audio Mises Daily is narrated by Colin Hussey.
{"_":"Foreword to ","em":["The Tragedy of the Euro"]}

0:00 | Mar 28th, 2011

It is a great pleasure for me to present this book by my colleague Philipp Bagus, writes Jesús Huerta de Soto.This audio Mises Daily is narrated by Keith Hocker.
Vienna Before the Austrian School

0:00 | Mar 25th, 2011

To young Menger, the cityscape still appeared as that of "old Vienna": enclosed on three sides by a city wall and moat, writes Eugen-Maria Schulak and Herbert Unterköfler.This audio Mises Daily is narrated by Paul Strikwerda.
Innovation Requires Economic Freedom

0:00 | Mar 25th, 2011

The foremost aim of despotic government is to prevent any innovations that could endanger its own supremacy. Its very nature pushes it toward extreme conservatism, the tendency to retain what is, no matter how desirable for the welfare of the people ...Show More
How John Wanamaker Succeeded

0:00 | Mar 24th, 2011

John Wanamaker was the Gilded Age genius who pioneered the department store, the posted single price for goods, the money-back guarantee, and the practice of giving away free products as a way to promote a business. He believed that commerce would sa...Show More
The Rise of the West

0:00 | Mar 23rd, 2011

Throughout history, material privation and chronic insecurity were the norm, writes Robert Higgs.This audio Mises Daily is narrated by Colin Hussey.
Why Vote?

0:00 | Mar 22nd, 2011

You will not affect the election, but you might die in a car crash trying, writes Mark Brandly.This audio Mises Daily is narrated by Steven Ng.
No Treason, no. 1

0:00 | Mar 22nd, 2011

Before the civil war, there were some grounds for saying that, at least in theory, our government was a free one — that it rested on consent, writes Lysander Spooner (1808–1887).This audio Mises Daily is narrated by Brad O'Connell.
Seeing Like a State

0:00 | Mar 21st, 2011

Government planners developed a particular aesthetic obsession: they were frustrated by the untidy complexity of real human societies, writes Mike Reid.This audio Mises Daily is narrated by the author.
Everyone Has the Right to __________

0:00 | Mar 16th, 2011

Social justice actually refers to an intention to use force to acquire one's desires. Not to earn desirable goods by rational thought and action, production and voluntary exchange, but to go in there and forcibly take goods from those who can supply ...Show More
Albert Jay Nock

0:00 | Mar 15th, 2011

Nock was perhaps the finest stylist in 20th-century American literature, writes Frank Chodorov (1887–1966).This audio Mises Daily is narrated by Steven Ng.
The Road to Cultural Serfdom: America's First Television Czar

0:00 | Mar 11th, 2011

Have you ever wondered why the "tiny ship" famously tossed in the opening credits of Gilligan's Island was named the SS Minnow?This audio Mises Daily is narrated by Steven Ng.
The Austrian School in Brief

0:00 | Mar 9th, 2011

The Austrian School of economics, also called the Viennese School of economics, was founded by Carl Menger in Vienna during the last third of the 19th century. Today, the tradition is larger and more vibrant than ever before, writes Eugen-Maria Schul...Show More
Hamilton's Curse

0:00 | Mar 8th, 2011

What DiLorenzo offers is not a biography of Hamilton but instead a critical examination of his ideas and a historical exploration of how they have shaped American history. DiLorenzo contrasts the statist, mercantilist, and nationalist philosophy of H...Show More
Once-Temporary Tariff

0:00 | Mar 7th, 2011

When the Civil War closed, the revenue acts that had been hastily passed during its course constituted a chaotic mass, writes F.W. Taussig.This audio Mises Daily is narrated by Brad O'Connell.
The Scottish Enlightenment and Presbyterianism

0:00 | Mar 3rd, 2011

Hutcheson, Hume, and Smith, while scarcely orthodox Calvinists, were dedicated Presbyterians according to their own lights, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Jeff Riggenbach.
The Alleged Unbroken Trend Toward Progress

0:00 | Mar 2nd, 2011

What is called economic progress is the effect of an accumulation of capital goods exceeding the increase in population, writes Ludwig von Mises (1881–1973).This audio Mises Daily, excerpted from the audiobook version, is narrated by John Pruden.
Government Paper Money

0:00 | Mar 1st, 2011

The world had never seen government paper money until the colonial government of Massachusetts, 1690, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Matthew Mezinskis.
Human Nature and the "Perfect" Society

0:00 | Feb 25th, 2011

Man the producer must have freedom, while man the predator puts limitations on freedom, writes Frank Chodorov (1887–1966).This audio Mises Daily is narrated by Keith Hocker.
Francis Hutcheson: Teacher of Adam Smith

0:00 | Feb 24th, 2011

Hutcheson brought to Scottish philosophy a solid belief in natural rights and in the beneficence of nature, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Jeff Riggenbach.
Commodity Money in Colonial America

0:00 | Feb 22nd, 2011

Gold and silver are international commodities, and, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys, writes Murray N. Rothbard (1926–1995).This audio Mises Daily is narrated by Matthew Mezin...Show More
How Marshall Field Succeeded

0:00 | Feb 21st, 2011

This world-renowned merchant seeks no fame for his business achievements. Yet there is no story more full of encouragement and inspiration for youth, writes Orison Swett Marden.This audio Mises Daily is narrated by Keith Hocker.
I Watch Westerns

0:00 | Feb 18th, 2011

The characters are rugged individuals — ingenious in their ability to fend for themselves, under all manner of adverse conditions — and asking for help from nobody, writes Frank Chodorov (1887–1966).This audio Mises Daily is narrated by Steven Ng.
QE2 and Egypt

0:00 | Feb 17th, 2011

Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran. People in these countries buy more unprocessed foods and spend a much higher percentage of their income...Show More
How to Acquire Political Power: The Economics of Winning Elections

0:00 | Feb 16th, 2011

Voters are faced with bundled choices, they vote infrequently, no individual's vote will affect the election, voters have little incentive to be highly informed about the candidates' policy positions, and the winning candidate is not obliged to deliv...Show More
The Healthcare Herring

0:00 | Feb 16th, 2011

Announcing that 50 million Americans are uninsured means nothing. It could be our government's involvement that has led to the current situation, writes Charlie Virgo. This audio Mises Daily is narrated by Keith Hocker.
Daniel Bernoulli and the Founding of Mathematical Economics

0:00 | Feb 10th, 2011

The use of mathematics necessarily leads the economist to distort reality by making the theory convenient for mathematical symbolism and manipulation. Mathematics takes over, and the reality of human action loses out, writes Murray N. Rothbard (1926–...Show More
How Thomas Edison Succeeded

0:00 | Feb 9th, 2011

The trouble lies in the fact that people do not have an object — one thing to which they stick, letting all else go. Success is the product of the severest kind of mental and physical application, writes Orison Swett Marden.This audio Mises Daily is ...Show More
To Hell with Farming

0:00 | Feb 4th, 2011

God knows I had enough to do without sitting and listening to the city people tell me what an idyllic life I had and how they envied me. But I didn't notice any of them grabbing a hayfork and pitching in, writes An Ex-Farmer.This audio Mises Daily is...Show More
Physiocracy and Free Trade in 18th-Century France: Strategy and Influence

0:00 | Feb 3rd, 2011

It is theoretically conceivable but scarcely likely that the ruling class will rush to embrace a philosophy and a political economy that will end their power and put them, in effect, out of business, writes Murray N. Rothbard (1926–1995).This audio M...Show More
A Soviet Foreign Policy: A Revisionist Perspective

0:00 | Feb 1st, 2011

It is vital — indeed, it is literally a life-and-death matter — that Americans be able to look as coolly and clear-sightedly, as free from myth, at their government's record in foreign affairs as they increasingly are able to do in domestic politics,...Show More
'Objective' Value and Cost of Production

0:00 | Jan 27th, 2011

It was the physiocrats who broke with centuries of sound economic reasoning and contributed to what would become, in the hands of Smith and Ricardo, a reactionary and obscurantist destruction of the correct analysis of value, writes Murray N. Rothbar...Show More
Why the Definition of Probability Matters

0:00 | Jan 26th, 2011

Human beings do not possess a mystical property of "probability" inside them; rather, they always act on their subjective beliefs and values. Probability in the human world is thus merely a measure of man's uncertainty about the subjective beliefs an...Show More
The Chimera of a Perfect State of Mankind

0:00 | Jan 26th, 2011

It is man's nature to strive ceaselessly after the substitution of more satisfactory conditions for less satisfactory. This motive stimulates his mental energies and prompts him to act. Life in a perfect frame would reduce man to a purely vegetative ...Show More
Meet Crystal Meth

0:00 | Jan 20th, 2011

Crystal meth is a horrible drug, but it is also a cheap date, the poor man's cocaine. During cocaine's heyday, meth was nearly extinct on the illegal market. Then came the war on cocaine, writes Mark Thornton.This audio Mises Daily is narrated by the...Show More
Don't Buy Government Bonds

0:00 | Jan 13th, 2011

When the state spends more money than it receives in taxes — a fact indelibly written into the bond — it is deliberately committing an act of bankruptcy. Is dishonesty transmuted into its opposite when committed by a legal entity, writes Frank Chodor...Show More
Classical Liberalism and the Single Tax on Land

0:00 | Jan 6th, 2011

The famous physiocratic tenet that only land is productive must be considered bizarre and absurd. It is certainly a tremendous loss of insight compared to Cantillon, who identified land and labor as original productive factors, and entrepreneurs as t...Show More
The Bigotry of the Literati

0:00 | Jan 5th, 2011

A superficial observer of present-day ideologies could easily fail to recognize the prevailing bigotry of the molders of public opinion and the machinations that render inaudible the voice of dissenters, writes Ludwig von Mises (1881–1973).This audio...Show More
About Socialism and Socialists

0:00 | Dec 31st, 2010

In every country the socialists have become office seekers, aiming to get hold of the reins of government by parliamentary methods, and for no other purpose than to enjoy the prerogatives and perquisites of office, writes Frank Chodorov (1887–1966).T...Show More
With Or Without a God: Natural Law and Property Rights

0:00 | Dec 30th, 2010

The 17th-century Dutch Protestant Hugo Grotius, deeply influenced by the late Spanish Scholastics, developed a theory of natural laws that he boldly declared was truly independent of the question of whether God had created them, writes Murray N. Roth...Show More
Flooding the World with Truth

0:00 | Dec 29th, 2010

In our times, a major reason, and perhaps the major reason, for the phenomenal progress of the ideas of liberty is the work of the Mises Institute. This is the infrastructure that gives rise to and supports all the rest. We need your help, writes Dou...Show More
Economic Nationalism Is a Philosophy of War

0:00 | Dec 29th, 2010

It is certainly true that our age is full of conflicts which generate war. However, these conflicts do not spring from the operation of the unhampered market society. It is not capitalism that produces them but anticapitalistic policies, writes Ludwi...Show More
The New Deal and Prohibition

0:00 | Dec 28th, 2010

Prohibition and the New Deal are alike in their professed intention. Both assumed the guise of disinterested benevolence towards the body politic. We are judged incapable of setting up an adequate social defense against vicious rum-sellers and malefa...Show More
The Egalitarian Program

0:00 | Dec 23rd, 2010

The envy-driven masses do not care a whit for what the demagogues call the "bourgeois" concern for freedom of conscience, of thought, of the press, for habeas corpus, trial by jury, and all the rest. They long for the earthly paradise that the social...Show More
Physiocracy and Free Trade in 18th-Century France

0:00 | Dec 23rd, 2010

The first self-conscious school of economic thought developed in France shortly after the publication of Cantillon's Essai. They called themselves "the economists" but later came to be called the "physiocrats," after their prime politico-economical p...Show More
Richard Cantillon: The Founding Father of Modern Economics

0:00 | Dec 16th, 2010

The honor of being called the "father of modern economics" belongs not to its usual recipient, Adam Smith, but to a gallicized Irish merchant, banker, and adventurer who wrote the first treatise on economics more than four decades before the publicat...Show More
Bureaucracy in Retreat

0:00 | Dec 14th, 2010

Julian Assange, through WikiLeaks, has made available to society a vast collection of information that undermines the state's legitimacy. Assange cracked the government's veil of benignity and brought into question the state's tactics. His website un...Show More
Private Property

0:00 | Dec 8th, 2010

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy, wri...Show More
Lord Townshend on Trade and Morality

0:00 | Dec 2nd, 2010

Charles, the third Viscount Townshend (1700–1764), has been shamefully neglected by virtually all historians of economic thought. He is virtually unknown and is often confused with his son of the same name, writes Murray N. Rothbard (1926–1995).This ...Show More
The Role of Environment in History

0:00 | Dec 1st, 2010

The environment determines the situation but not the response. To the same situation different modes of reacting are thinkable and feasible. Which one the actors choose depends on their individuality, writes Ludwig von Mises (1881–1973).This audio Mi...Show More
John Law: Proto-Keynesian

0:00 | Nov 18th, 2010

Like today's central bankers, John Law proposed to "supply the nation" with a sufficiency of money. The increased money was supposed to vivify trade and increase employment and production — the "employment" motif providing a nice proto-Keynesian touc...Show More
Rationalization in Politics and Life

0:00 | Nov 17th, 2010

A man who is obliged to justify his handling of a matter in the eyes of other people often resorts to a pretext. As the motive of his deviation from the most suitable way of procedure he ascribes another reason than that which actually prompted him, ...Show More
Prop. 19 Goes up in Smoke

0:00 | Nov 16th, 2010

Plans are already in the works to put the initiative back on the ballot for 2012, which is expected to have higher turnout from young people. But in order for the ballot initiative to succeed, we must first understand why it failed, writes Mark Thorn...Show More
The North Brothers: Building Economic Theory "From Principles Indisputably True"

0:00 | Nov 11th, 2010

Weighing in on the side of John Locke, not only on interest rates but also in a general and comprehensive vision of economic laissez-faire that even surpassed Locke, were two brothers, Dudley and Roger North, writes Murray N. Rothbard (1926–1995).Thi...Show More
They're No Angels

0:00 | Nov 10th, 2010

If it were not for the police, lawlessness and chaos would rule; therefore, we owe our safety, our civilization, our very lives to the selflessness and dedication of the police; thus, police are our "heroes." So we were told, and so we believed, writ...Show More
History and Fiction

0:00 | Nov 10th, 2010

It is a hopeless task to interpret a symphony, a painting, or a novel. The interpreter at best tries to tell us something about his reaction to the work. He cannot tell us with certainty what the creator's meaning was or what other people may see in ...Show More
John Locke vs. the Mercantilists

0:00 | Nov 4th, 2010

John Locke, the Protestant Scholastic, was essentially in the hard-money, metallist, anti-inflationist tradition of the Scholastics; his opponents, on the other hand, helped set the tone for the inflationist schemers and projectors of the next centur...Show More
The Collectivist Dogma

0:00 | Nov 3rd, 2010

The collectivist doctrines look upon the individual merely as a refractory rebel. This sinful wretch has the impudence to give preference to his petty selfish interests as against the sublime interests of the great god society, writes Ludwig von Mise...Show More
Sir Josiah Child: False Friend of Freedom

0:00 | Oct 29th, 2010

One of Josiah Child's main deviations from free-market and laissez-faire doctrine was to agitate for one of the favorite programs of the mercantilists — to push the legal maximum rate of interest ever lower. Formerly discredited "usury laws" were mak...Show More
Liberty and Property: the Levellers and Locke

0:00 | Oct 21st, 2010

There is no clash between Locke's libertarian concerns and devotion to "classical virtue." Devotees of liberty, property, and free markets have generally been moralists as well as adherents of a free-market economy, writes Murray N. Rothbard (1926–19...Show More
The Real Reason for FDR's Popularity

0:00 | Oct 21st, 2010

What if a president took a different direction and sought popularity by expanding rather than reducing liberty? There is a model here they could follow, but it is not one you have thought of. It is Franklin D. Roosevelt, writes Mark Thornton.This aud...Show More
Positivism and Behaviorism

0:00 | Oct 20th, 2010

The most obtrusive champion of the neopositivist program concerning the sciences of human action was Otto Neurath, who, in 1919, was one of the outstanding leaders of the short-lived Soviet regime of Munich and later cooperated briefly in Moscow with...Show More