Free Markets

Recorded at the Mises Institute in Auburn, Alabama, on July 31, 2024.

Thanks to state propagandists in our education systems, people have been told that free markets create poverty while state control of economic exchange produces abundant wealth and effectively distributes it. The truth is that free markets reduce poverty and liberate humanity.

Instead of the usual claptrap that characterizes most graduation speeches, someone needs to give a speech that defends liberty and tells the truth about government and capitalism.

Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes.

Under the regime of apartheid, South Africa's government engaged in legal discrimination. In the new South Africa, the government also engages in legal racial discrimination in the name of "equity."

Instead of the usual claptrap that characterizes most graduation speeches, someone needs to give a speech that defends liberty and tells the truth about government and capitalism.

Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.

Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich's latest video about debunking economic myths.

If we could abolish public schools and compulsory schooling laws, we would have better schools at half the price—and be freer too.

While capitalism gives rise to prosperity and freedom, the state thrives on an economically ignorant public.