Recent Podcast Episodes

What happens when banks lend money? It depends on the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

Bob and Jeff discuss the nauseating elevation of former Fed Chair Ben Bernanke to Nobel Prize winner.

Turkey's economy is reeling under inflation rates likely reaching 170 percent. Not surprisingly, the worst of it is felt by regular people just trying to make a living.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7, 2022.

A winning political strategy, especially among Democrats, is to accuse their political opponents of racism, or at least "closet" racism. Yet simple economic analysis shows such accusations are illogical.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.

What truly unites Americans—beyond sharing a common oppressive regime?

The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7, 2022.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 6th, 2022.

Some claim that slavery was the main reason for the success of the Industrial Revolution in Great Britain, but the answer lies elsewhere.

The Bible the ancient Israelites were warned about the dangers of having a government that would tax them heavily and oppress them. They didn't listen.

The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector.

Virtue-signaling politicians in New Jersey have banned single-use plastic bags, claiming to "help the environment." They need to read Hazlitt's Economics in One Lesson instead.

Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense.

Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract.

Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states.

In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one.

Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets.

Creating anarchy is hardly a danger. It's already here.