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Randian Villains with Millennial Characteristics: FTX, Fraud, and the Fed

Radio Rothbard

Tags Big GovernmentBooms and BustsCronyism and CorporatismMedia and CultureU.S. Economy

11/23/2022Ryan McMakenTho Bishop

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at conman Sam Bankman-Fried, the scam of FTX, and how regime legitimacy has fueled several fraudulent companies with unprofitable business practices.

Did post-2008 monetary policy fuel a bubble in "effective altruism?" Do examples like Elon Musk's restructuring of Twitter offer an illustration of what Big Tech firms will have to do to survive in a time of less-than-easy money, or will the regime bailout the corporate extensions of techno-managerialism? What killed Silicon Valley's once-promising techno-libertarian style? Ryan and Tho look at this and more on this episode of Radio Rothbard.

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Recommended Reading

"How Easy Money Fueled the FTX Crypto Collapse" by Ryan McMaken:

"Sound Money Is Our Best Hope Against the Monopolists' Threat" by Brendan Brown:

"How Fiat Money Enriches the Unproductive" by George Ford Smith:

"Without Easy Money, the Tech Sector Faces Layoffs and Losses" by Ryan McMaken:

"The Housing Boom Is Already Over. The Housing Shortage Will Continue." by Ryan McMaken:

"Will the FTX Scandal Bring Down 'Crypto'?" by Jeff Deist and Bob Murphy (video):

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Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

Contact Tho Bishop

Tho is an assistant editor for the Mises Wire, and can assist with questions from the press. Prior to working for the Mises Institute, he served as Deputy Communications Director for the House Financial Services Committee. His articles have been featured in The Federalist, the Daily Caller, and Business Insider.