Growth and Income Inequality in Africa
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
One of the standard criticisms of the free market point of view is that it treats individuals as isolated atoms who view other people only as means to the pursuit of their selfish ends.
It does not bode well for our society when proposals to simply expropriate property are becoming more and more prevalent and discussed with more seriousness.
Bob explains some of the highlights of his newly released chapter for the Mises Institute book on “Understanding Money Mechanics.”
A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this: the higher the price of this precious metal, the lower the exchange value of official currencies.
Jeff Deist joins David Gornoski to critique the DNC and their pro-war and divisive policies.
Dr. Gabriela Gomes joins the show to discuss how herd immunity thresholds are estimated, and why she thinks classic models are flawed and must incorporate a measure of variation in individual susceptibility.
Pennsylvania is telling hospitals to distribute covid-19 drugs based on race. Those from "disadvantaged communities" get the drugs first.
Dr. Robert Murphy joins Jeff Deist to breakdown Rothbard's exposition of money in an Austrian framework.
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
Central bankers are saying two things at once. First, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.
A recent article authored by Dr. Norman Wang on the history and current state of affirmative action programs in medical schools and cardiology departments has led to a storm of controversy and to Dr. Wang’s demotion as fellowship program director.
Fed bugs sound like real estate agents in reverse: there is never a good time to buy gold.
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.
George Reisman talks with Bob Murphy and shares anecdotes about his experiences with Mises and Rand.
Like it or not, libertarians have divided themselves along left-right lines. Here's a brief explanation.
Anish Koka and Michel Accad discuss lockdowns in light of the experience of the last few months.
The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.
The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.