The Meaning of Competition
Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market.
Recent Podcast Episodes
The Lesson
The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence.
The Individual in Society
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
In the Footsteps of Donabedian: The US News and World Report Hospital Ranking System
Accad and Koka have a fascinating conversation with Ben Harder, an expert in hospital and physician quality ratings.
The Elite Under Capitalism
In a free society there is no other means to avoid the evils resulting from one's fellows' bad judgment than to induce them to alter their ways of life voluntarily. Where there is freedom, this is the task incumbent upon the elite.
Why Plea Deals Are a Gross Miscarriage of Justice
Bob Murphy explains why “offering a plea deal” is a horrible practice.
How College Profs Push Students to Socialism
The true aim of these “scholar activists,” as many academics have begun calling themselves, is to propagate socialism by redefining capitalism to encompass every evil of human history. Which means they're mostly attacking straw men.
Lew Rockwell on the College Cheating Faux Scandal, the Sinister FBI, and How the CIA Kills People
Bob Murphy interviews Mises Institute founder Lew Rockwell.
Brexit’s Downsides Are Caused by Our Own Government
Brexit and decentralization are good things, but the unfortuante truth is that harmful post-Brexit policies are equally likely to be imposed by the UK’s own government as by the European bureaucracy.
Reaching the Next Generation
Help us distribute Hazlitt’s Economics in One Lesson to thousands of young people all across the country.
A Debate on Vaccine Mandates
Two distinguished guests — Dorit Reiss and Jonathan Howard — join the show to debate the issue of vaccine mandates.
A Nuclear War? Over Venezuela?
How ironic that Pompeo and the rest of the neocons in the Trump Administration are ready to violate the US Constitution in order to attack Venezuela to "restore their constitution."
The Bureaucratic Revolution
Professor William Anderson and Jeff Deist discuss the most important and devastating critique of administrative rule ever written.
Capital and Interest in the Austrian Tradition, Part 3 of 3
Bob reviews the contributions of Böhm-Bawerk, Fetter, and Mises, and explains interest from an Austrian approach.
Inflation: The Rumors of its Death are Greatly Exaggerated
The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.
Defenders of the Status Quo: Arthur Caplan and the Modern Bioethics Movement
A short episode commenting on a recent piece in Medscape by Arthur L. Caplan, one of the most influential bioethicists of the last forty years.
Occupational Licensing — An Unnecessary Evil
The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.
Sorry! I Can’t Relax About Socialism
Socialism, democratic or otherwise, rides on the back of force and violence. When they drop the veil, its a government agent pointing a gun.
How Gun Control Became an Instrument of Tyranny in Venezuela
Venezuelans are defenseless against a government that runs roughshod over their civil liberties and economic livelihood.
Why Social Democracy is Failing Europe
Social Democracy fails for the same reasons communism did. It just fails more slowly.
