Podcast

On this episode of Radio Rothbard, Jonathan Newman joins Ryan and Tho to discuss the Mises Institute’s new documentary, Playing With Fire: Money, Banking, and the Federal Reserve.

Vegas expected Renato “Sound Money” Moicano to lose his UFC fight against Benoit Saint Denis. Instead, he won and used the opportunity to promote the work of another Austrian economist. This time, it was Hans-Hermann Hoppe.

Western governments are keen on pursuing “hate crimes” and criminalizing what it calls “hate symbols.” However, these governments reserve to themselves just how one defines “hate,” which is nothing more than an attack upon free speech.

Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life.

Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.

Modern historians romanticize the reign of the Tudors in England, but in reality, they were brutal to their subjects and they centralized power to the detriment of the people. Governments today continue this march against freedom.

John Hasnas has written a new book outlining how societies operate with mutual cooperation and common law. According to David Gordon, it is a major contribution to libertarian social thought.

The Old Right was a principled band of intellectuals and activists, who fought the “industrial regimentation” of the New Deal. They loathed tariffs and saw protectionism as a species of socialist planning.

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists. 

When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system to work, protecting private property, and so on. But there is more.