Recent Podcast Episodes

From Our Enemy, The State. Narrated by Jock Coats.

From The Man versus The State. Narrated by Jock Coats.

From Our Enemy, The State. Narrated by Jock Coats.

From Our Enemy, The State. Narrated by Jock Coats.

From The Man versus The State. Narrated by Jock Coats.

From The Man versus The State. Narrated by Jock Coats.

Tolkien's Lord of the Rings is thought to be the greatest work of the 20th century with 150 million readers. The book's thesis - Evil power cannot be defeated by power - is libertarian.

From Our Enemy, The State. Narrated by Jock Coats.

From The Man versus The State. Narrated by Jock Coats.

From Our Enemy, The State. Narrated by Jock Coats.

From The Man versus The State. Narrated by Jock Coats.

From The Man versus The State. Narrated by Jock Coats.

Presented by Thomas E. Woods, Jr. at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Presented by Douglas E. French at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Presented by Congressman Ron Paul at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Presented by Llewellyn H. Rockwell, Jr. at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S.

Presented by David Gordon at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Price is determined by the equilibrium price and the equilibrium quantity. If your good is not selling, you lower the price. If your goods fly off the shelves you are selling too cheaply and you raise prices.

Why is it that things like bread and water which have high use values are cheap while on the other hand luxury items like diamonds are very expensive? This paradox was not solved until it became understood that people choose only a marginal unit - this loaf or this diamond.