Fiat Money and Chartalism: Why MMT Is Wrong
Joshua Mawhorter joins us to talk about how the fiat-money theories of Modern Monetary Theory and chartalism aren't supported by the historical facts.
Joshua Mawhorter joins us to talk about how the fiat-money theories of Modern Monetary Theory and chartalism aren't supported by the historical facts.
What the “legacy” media is trying to present as a brand-new authoritarian crackdown on the press is only a more visible version of how the federal government has attempted to control public opinion for nearly a century.
Bob hosts economists Vincent Geloso and Chandler Reilly to discuss their new paper, which applies Rothbard's "Private Product Remaining" to rethink how national output is measured.
Why is gold at a record high? How does modern mercantilism fuel today’s tensions? Are we all just pawns in a much bigger game?
On this episode of Power and Market, the group discusses the fallout from Musk's fight with Trump, recent reporting on Palantir contracts, and how the courts are not interested in protecting rights.
Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of "Fed independence." The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime.
As President Trump racks up defeat after defeat before the federal courts, the legacy media claims that federal judges are protecting us from government overreach. In reality, government overreach as we know it has been made possible by the federal judiciary.
Mark Thornton discusses a lesser-known factor in the American Civil War: the Confederate “impressment” policy and its impact at Vicksburg.
On Power & Market, the group looks at the political legacy of Elon Musk, the moral costs of Keynesianism, and the absurdity of Harvard and NPR as public goods.
Bob breaks down the recent Soho Forum immigration debate between Dave Smith and Alex Nowrasteh, clarifying the critical libertarian questions around property rights, open borders, and government authority.
Polish professor of political theory Łukasz Dominiak joins us to talk about how Poland embraced a market economy after the Cold War ended. We discuss some of the factors behind Poland's rise from poverty.
This brief historical sketch brings us to how the American and Israeli militaries of today have adopted a nineteenth-century-style war of extermination against what they consider to be another “lesser race.”
The free market replaces the struggle for survival found in the animal world with social cooperation in which everybody benefits. Capitalism is a system of peace, not war.
Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars.
President Trump's so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.
David Brady, Jr. reviews Jonathan Newman's latest children‘s book that explains money in a way that even modern adults can understand.
Establishment figures erroneously claim Trump’s recent frustrations with Putin prove them right—that Putin can’t be reasoned with.
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.
Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.
Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is why we always should question those political decisions that can turn our lives upside down.