Recent Podcast Episodes
All I Want for Christmas is a (Real) Government Shutdown
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the cons
The Harrison Narcotics Tax Act
Interviewed by host Paul Molloy on the Freedom Works radio program, Mark Thornton discusses how the Harrison Narcotics Tax Act impacted the America
Is There Limit to China’s Purchasing Power?
Interviewed by Marina Dzhashi on the Agree or Disagree radio program, Mark Thornton of the Mises Institute and Vladimir Rojankovsky, head of resear
Bob Murphy: The Case for Private Defense
Recent events surrounding Ferguson, Missouri and the choking death of Eric Garner have brought police misconduct to the forefront. Liber
Year-End Message
There are so many ways to help: a single gift, a convenient monthly credit-card charge, your company’s matching gift, a donation of app
Michael Oliver: Rothbard vs. Rand—Can Anarcho-Capitalism and Objectivism Be Reconciled?
If you like debating Rothbard vs. Rand — or anarcho-capitalism vs. limited government — you’ll enjoy this interview with Michael Oliver.
Politicians to Business Owners: Drop Dead
It’s become common for populists to claim that what’s good for businesses is bad for workers.
North Korea: From Hermit Kingdom to Merchant Kingdom?
North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using
The Economics of Tipping
Many people think that tipping is a results from stingy employers not paying a “living wage.” But tipping solves multiple economic prob
Central Banks Are Not Innocent Bystanders
The Economist recently opined that interest rates don’t affect investment.
1.15. The Increase and Decrease of the Number of People in a State chiefly Depends on the Taste, the Fashions, and the Ways of Life of the Property Owners
Population is based on the tastes and choices of property owners.
2.3. The Circulation of Money
The circular flow model of the economy explains the implications of international trade.
2.8. Further Reflections on the Increase and Decrease of Money in a State
Increases in the supply of money from a balance of trade eventually causes prices to rise.
3.3. Further Explanations on the Nature of Exchanges
Exchange rates are a function of the balance of trade and other factors.
1.3. Villages
Cantillon explains that settlements are based on the requirements of production, especially the quantity of labor, and the extent of the specialization and division of labor.
3.8. The Refinements of Credit of General Banks
Inflation is a corrupt process and can result in bank runs and economic chaos.
1.8. Some Artisans Earn More, Others Less, According to the Different Cases and Circumstances
Workers with higher quality skills, risky jobs, or jobs which require trustworthy employees will receive higher wages.
1.13. The Circulation and Exchange of Goods and Merchandise, as well as their Production, are Carried On in Europe by Entrepreneurs, and at a Risk
Cantillon introduces, for the first time, the theory of entrepreneurship.
