Recent Podcast Episodes

Is the US riding an “everything bubble” to the next crisis? Mark Thornton joins Paul Buitink to diagnose the dollar, the debt, and the Fed’s distortion machine.

When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.

On this episode of Power and Market, we feel compelled to discuss this week's State of the Union speech.

Dr. Keith Smith recounts how the Surgery Center of Oklahoma and the Free Market Medical Association are exposing the hospital–insurance cartel—posting honest, bundled prices, triggering price wars, and proving that free-market medicine can deliver higher quality care at a fraction of the cost.

Dr. Timothy Terrell explains how entrepreneurs and property rights can protect forests, wildlife, and open spaces better than bureaucracies, using real-world examples of “enviropreneurs” who profit by conserving nature instead of exploiting it.

We are told that the Bill of Rights is the bedrock of our freedom, yet this same Bill of Rights ultimately has been used as a weapon against state sovereignty and against our individual rights.

The current outburst of protests against President Trump’s enforcement of immigration laws is overshadowing a question that is not being asked: Can we defend having national borders in the first place?

Human action involves people engaging in unique events in which outcomes often are uncertain, when expertise and planning often do not give us the results we anticipate.

In a truly free market, there is no class conflict. In the presence of the state, however, things are different because various groups jockey with each other to gain the favor of state agents.

The rise of the grooming gangs in Great Britain and the refusal of Britain’s Labor government to intervene speaks volumes about the contempt that British political elites have for their laws and the people who must live under a regime of anarcho-tyranny.

If the Iranian regime were truly trying to sacrifice their entire country to commit a nation-level nuclear murder-suicide against Israel and the US, they would be acting very differently.

Dr. Per Bylund contrasts the futility of politics with the quiet power of entrepreneurship, showing how innovative businesses like Uber and Amazon actually dismantle regulations, reshape institutions, and push the state back more effectively than any protest movement or election.

Trump’s first year back in office has been loud, aggressive, and consequential—but has it been effective? Ryan McMaken appears on Stossel TV.

Dr. Peter Klein explores whether AI can ever replace human entrepreneurs and central planners, arguing from Mises’ calculation problem that even “thinking machines” can only mimic, not originate, the real-world judgment and ownership that markets require.

Ryan McMaken traces the rise and squeeze of America’s small business economy, showing how tariffs, industrial policy, the Fed, and “too big to fail” bailouts systematically tilt the field toward big corporations and away from independent entrepreneurs and the middle class.

Governments at all levels abuse their “privilege” of eminent domain, the taking of private property for government use. Murray Rothbard understood that government was not justified to seize property for such use in the first place.

Debt, tariffs, and money printing: Mark Thornton explains how the policy machine rewires markets, and why metals and commodities react first.

Bob discusses Javier Milei’s 2026 address to the World Economic Forum explaining the Austrian and neoclassical ideas behind Milei’s defense of capitalism.

Before Murray Rothbard, there was Albert Jay Nock laying intellectual broadsides against the tyranny of the state. While Nock (unlike Rothbard) never called for total abolishment of the state, he did want as minimal a state as could be had.

AI is not the killer—it is the coroner.