Free Markets

Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.

Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety.

Ryan McMaken joins Bob to discuss the recent US Women's World Cup elimination, and to dispel the myth that markets are discriminatory.

Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.

People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet.

The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

To Marx, each individual's thinking is all determined not by his personal self-interest but by the interest of the class to which he supposedly belongs.

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.

Inflation did not benefit the poor; wages lagged behind the rise in prices during inflations, especially behind agricultural prices.