Bob uses three recent controversies–Richard Murphy’s “Christmas all year” claim, Elon Musk’s net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.
Scrooge was never mistreated by his nephew, by Cratchit, or by those seeking charitable donations. Scrooge was always free to refuse them all.
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, and why Austrians shouldn’t dismiss him as a crank.
On this episode of Power & Market, Ryan, Connor, and Tho discuss the latest jobs number data, what it means for the affordability crisis, the legacy of Dick Cheney, and Thanksgiving favorites."
Among the criticisms of capitalism is that it supposedly creates meaningless jobs created by villainous capitalists to keep people docile. However, it is state power and regulation that makes many jobs little more than meaningless make work.
Over the centuries, European governments have driven talented workers out of their countries. That unfortunate legacy continues as France is the latest nation facing a “brain drain.”
One of the justification that the White House gives for its onerous tariffs is that they will stop the “offshoring” of American jobs and lead to greater job growth here. That scenario has not and will not ever come to fruition.
AI doomerism and neo-Luddite sentiments have become increasingly prevalent in recent discourse.
Bob breaks down the fears about AI-driven unemployment and shows why economic reasoning still favors human prosperity in a high-tech world.
Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.
