Podcast

Bob Murphy and Stephan Livera discuss the economics of Bitcoin from an Austrian perspective.

Dan Morgan, MD, joins the show to discuss a recent paper he co-authored about probabilistic diagnostic reasoning among clinicians.

The destruction of the free market, competition, and innovation may seem appealing to some now, but the likely outcome of poor employment, negative real wage growth, and stagnation should be a real cause of concern.

One day, the Institute publishes an article criticizing Republicans. The Left cheers, but the Rights denounces us. The next day we criticize Democrats and the Right cheers while the Left is enraged. Yet our position is always consistently against the state. 

From gun control to abortion, gridlock and polarization in Washington forces policymakers to look to state and local governments as the centers of political reform.

Justice is specific, not general. It is individual, not cosmic. 

Unfortunately, the corporate press and public health officials have determined that unilateral rule by executive decree, unimpeded by any conception of individual freedom, is necessary to respond to the coronavirus.

Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.

Ross Benes offers a fascinating look at how and why we have allowed politicians to alienate us, and a hopeful call for a less political America.  

China and Russia are trying to build a Eurasian bloc that can break free of any American spheres of influence. The American regime obviously opposes this, but money printing and debt limits the American options.