Prices

Jeff Booth says that fast-improving technology causes prices to fall, and that we would have a more prosperous world if government would step aside and embrace deflation rather than fight it.

Dr. Robert Murphy joins Jeff Deist to breakdown Rothbard's exposition of money in an Austrian framework.

George Reisman talks with Bob Murphy and shares anecdotes about his experiences with Mises and Rand.

Dr. Marion Mass and Dr. Rupali Chadha join the show to discuss the role of middlemen in healthcare, and how the recent White House executive order to eliminate middlemen will change the healthcare landscape.

All price changes have real effects on demand for goods, and therefore alter goods' prices relative to one another. For this reason changes in the money supply can't fail to affect resource allocation.

We need both prices and entrepreneurs to have a functioning and prosperous marketplace. Under socialism, though, we have none of the above.

AOC and Paul Krugman are wrong: we can't just pay people money to stay home and expect "stuff" to materialize around us. Dr. Shawn Ritenour shows how Man, Economy, and State explains why.

Jeff Deist and Dr. Jonathan Newman break down Chapters 2–4 of Man, Economy, and State. This is vintage Rothbard: precise definitions; hardcore explanations of property, prices, and exchange; the problems of "hegemonic" state violence;  and a "beautiful" (per Dr. Newman) conception of social cooperation.

Michael Sandel doesn't like capitalism. But he can't seem to manage an economic argument for why. He's content to claim that capitalism is morally corrupting, converting anticapitalism into a sort of pseudoreligious faith.

Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.