Recent Podcast Episodes

It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.

As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.

Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.

For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed! 

Federal Reserve officials, for all of their alleged wisdom and education, have a knowledge problem. Hayek and other Austrians could have told them their grandiose plans will fail.

Ryan McMaken and Tho Bishop look at the topic of nationalism and the role it can play in political decentralization.

A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.

Jeff and Bob break down the good, bad, and ugly behind Elon Musk's purchase of Twitter.

Supporters of US microchip policy against China claim the policy is "strategic," but in reality, it is old-fashioned protectionism with all the usual economic damage.

Is there a case to be made for universal basic income? David Gordon examines the pro-UBI arguments by philosopher Matt Zwolinski.

American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.

Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing.

The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures.

Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money.

All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending. 

Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.