Podcast

Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.

Ryan and Zachary rank the GOP candidates' foreign policy plans from last week's debate. They range from "least terrible" (Ramaswamy) to "utterly awful" (Haley and Pence). 

The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why. 

The DOJ claims that it has "protected" consumers by standing in the way of a partnership between JetBlue and American Airlines. The only thing the DOJ protected was higher-cost flying.

Progressives have distinguished themselves in the past half century by being against progress. That trend is unlikely to change.

Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.

In a free society, political crimes like treason and "seditious libel" are few and far between. Under despotic regimes, on the other hand, political crimes multiply. 

In the Gulag, political prisoners were systematically terrorized by ordinary criminals with the encouragement of the authorities. It was hoped this would help the regime liquidate the state's ideological enemies. 

Leonard Read's famous "I, Pencil" explained the workings of the market in terms of the creation of a simple pencil. However, we should not forget that the reviled fossil fuels are involved at every turn.

Mark explains why an economic Crash Landing is better for workers and savers, and how it would place much of the pain on the rich, politically-connected classes.