Mises Institute

On the latest episode of Minor Issues, Mark Thornton revisits the history—and present risk—of hyperinflation. Mark explains the threshold that defines hyperinflation, why measuring prices under chaos is hard (yet still revealing), and how the social damage mirrors war: savings vaporize, capital is destroyed, and civic trust collapses. He closes with practical takeaways: why gold and silver often move first as “fire alarms” and why studying past episodes builds the psychological and analytical readiness to face low-probability, high-impact events. “The Road to Hyperinflation“ (Minor Issues, Episode 136): https://mises.org/MI_136 “The Gold-Silver Ratio“ (Minor Issues, Episode 119): https://mises.org/MI_119 “On Hyperinflation: New Evidence from Zambia, the Central African Franc Zone, and Belarus” by Steve H. Hanke and Nicole Saade (World Economics Journal, December 2025): https://mises.org/MI_157_A “Hyperinflation and the Destruction of Human Personality” by Joseph T. Salerno (lecture): https://mises.org/MI_157_B “Hyperinflation and The Destruction of Human Personality” by Joseph T. Salerno (Studia Humana, 2013): https://mises.org/MI_157_C >>> Order a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler Enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026 Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Vivek Ramaswamy promotes a fictional version of American history in which a handful of people created America and that culture and religion are canceled out by an ideological “creed.” In truth, the American nation and the American state are two different things. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Anti-impact environmentalists want you dead; they will settle, in the short term, for you to feel guilty for existing, producing and consuming, and willing to comply with any degree of central planning and freedom curtailment to “save the planet” from you. Original article: https://mises.org/mises-wire/environmentalism-anti-humanism

With American intervention in Venezuela, some are claiming that the Trump administration is simply invoking the Monroe Doctrine, or its corollary, the “Donroe” Doctrine. In reality, neither doctrine is an appropriate reason for US military intervention in Latin America. Original article: https://mises.org/mises-wire/why-monroe-doctrine-cannot-be-reestablished

Whatever advances Great Britain made during the Margaret Thatcher years have long been reversed as the UK finds itself in decline of its economy and social fabric. Big government, once again, is the culprit. Original article: https://mises.org/mises-wire/uk-economic-and-social-freefall

In his inaugural speech, New York Mayor Zohran Mamdani declared an end to “rugged individualism” and the embrace of “the warmth of collectivism.” New Yorkers are about to find out that collectivism will not produce what they need to have better lives. Original article: https://mises.org/mises-wire/warmth-collectivism-beginning-mamdani-era

The Trump administration wants Americans to believe that this latest intervention into Venezuela was a quick and definitive success. But, given enough time, there is essentially no way this can go well. Read the article here: https://mises.org/mises-wire/there-are-no-good-outcomes-trumps-latest-attempt-regime-change-venezuela Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

The Austrian School of economics isn’t a 20th century or even 19th century creation. Instead, Austrian economics is rooted in the logical thought, as developed by Aristotle and Thomas Aquinas. Original article: https://mises.org/mises-wire/aristotelian-thomistic-roots-austrian-school

Donald Trump’s war against Venezuela is truly a racket, as it looks to be little more than an attempt to loot the nation of Venezuela’s natural resources in the name of “liberation.” Original article: https://mises.org/mises-wire/venezuelan-war-racket

The podcast delves into the real motivations behind U.S. military actions in Venezuela, highlighting the push for a puppet regime masked as a democracy promotion. It critiques the contradictions in Trump's justification for intervention and discusses the historical roots of U.S. interventionist policies. The hosts argue that American foreign policy favors compliance over genuine democracy, casting doubt on the true intent behind U.S. actions and emphasizing the irony of selective adherence to international law.