Recent Podcast Episodes

Instead of each person doing all of the work creating what he needs and wants, dividing the labor amongst all of us into specialties is clearly superior by increasing the productivity of labor.

Profit and loss is the heart of business and economic change. Entrepreneurs drive the market at every level, predicting future wants and taking risks with their property. Earning profits is never guaranteed.

Austrian economists differ from mainstream economists mainly in this way: they do not rely on mathematical models, but on understanding what causes success or failure in the real world. Opportunity costs determine the choices people make.

Like today’s central bankers, John Law proposed to “supply the nation” with a sufficiency of money.

A man who is obliged to justify his handling of a matter in the eyes of other people often resorts to a pretext.

When he was in his 20s, having newly discovered libertarian ideas, having read Rand, Rothbard, Mises, Hayek, and others, having met Rothbard and conversed with him at length, Nozick was fired up with excitement.

Plans are already in the works to put the initiative back on the ballot for 2012, which is expected to have higher turnout from young people.

Recorded at the Mises Circle at Furman Universityon November 13th, 2010.

Recorded at the Mises Circle at Furman University on November 13th, 2010.

Recorded at the Mises Circle at Furman University, November 13th, 2010.

Recorded at the Mises Circle at Furman University on November 13th, 2010.

Recorded at the Mises Circle at Furman University on November 13th, 2010.

Weighing in on the side of John Locke, not only on interest rates but also in a general and comprehensive vision of economic laissez-faire that eve

It is a hopeless task to interpret a symphony, a painting, or a novel.

If it were not for the police, lawlessness and chaos would rule; therefore, we owe our safety, our civilization, our very lives to the selflessness

R.C. wouldn't tolerate news stories that referred to the "public schools," for example. His reporters were required to refer to them as "government schools." R.C. himself preferred the phrase "gun-run schools" and used it liberally on the editorial page.

John Locke, the Protestant Scholastic, was essentially in the hard-money, metallist, anti-inflationist tradition of the Scholastics; his opponents,

The collectivist doctrines look upon the individual merely as a refractory rebel.

Part of the experience of reading Newsweek in the early 1960s was a weekly column called "Business Tides." It offered wide-ranging and insightful commentary on just about anything that had anything to do with the economy or with economics.

One of Josiah Child’s main deviations from free-market and laissez-faire doctrine was to agitate for one of the favorite programs of the merc