Discussing MMT Through the Eyes of a Socialist
Bob Murphy and C. Jay Engel discuss Doug Henwood’s recent critique of modern monetary theory in Jacobin magazine.
Recent Podcast Episodes
Elizabeth Warren’s New Antitrust Crusade: A New Progressive War on Wealth
Warren and her fellow progressives have the regulatory issue with respect to free markets and public utilities almost precisely backwards.
Will Democrats Rally Behind a Herman Cain Fed Nomination?
It will be interesting to see how Trump critics handle Mr. Cain. He has the one quality Elizabeth Warren and other Democrats have chosen to focus on when it comes to a Federal Reserve nominee: he isn’t a white guy.
The Battle of Shiloh, Part 3: The Hornet’s Nest
Chris Calton details the intense fighting at The Battle of Shiloh, where thousands of Union and Confederate soldiers fought in a narrow portion of the battlefield nicknamed "The Hornet's Nest."
Capital is a Mystery to Alexandria Ocasio-Cortez
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
The De-Socialization of the Lithuanian Economy
Vytas Žukauskas tells the story of Lithuania after the Soviet Union.
It’s Not a Recession, It’s a “Global Economic Slowdown”
Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.
How Countries Fall into the Welfare Trap
Before wealth can be redistributed by the state, it must first be produced. But welfare-state policies end up destroying the very wealth which is necessary for redistribution.
Taking the USMLE to Task
Bryan Carmody, MD, discusses the machinations that constitute licensing examination in the United States.
The Apocalypse Has Been Postponed
The radical nature of anti-climate-change measures require promises of a near-total apocalypse in the near future. But the date for the promised disaster keeps getting pushed back.
Study Estimates the Green New Deal to Cost $93 Trillion — That’s a Conservative Estimate
The Green New Deal contains a wish list of progressive social and economic goals that come with a staggering price tag.
Murphy Dissects His Discussion of MMT With Warren Mosler
Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.
The Theory of Interest Rates
What are interest rates, where do they come from, and what purpose do they serve? Economist Jeffrey Herbener explains why Turgot, Böhm-Bawerk, and Mises got it right.
The Battle of Shiloh, Part 2: The Furies of Hell
At the onset of the Battle of Shiloh, the Confederacy caught the Union by surprise. But what should have been a quick victory turned into a bloody battle of attrition.
Central Banks Shouldn’t Fight Deflation
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
Psychiatry: Past, Present, and Future
Is there a way forward? Accad and Koka interview Paul McHugh, MD, one of the most important figures in academic psychiatry of the last thirty years.
This Way Toward Equality
Equalization of incomes can be accomplished only by moving down the road toward serfdom.
The Cost of Enlightenment
The 2019 Lou Church Memorial Lecture, sponsored by the Lou Church Foundation.
Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence
The 2019 Henry Hazlitt Memorial Lecture, sponsored by Hunter Lewis.
Libertarianism(s) versus Postmodernism and “Social Justice” Ideology
The 2019 Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.
