I’ve got a bunch of listeners who have some questions on economics that they feel like they should know the answers to, so they feel funny asking. In this episode we take some economics 101 questions and answer them at last.
About the Guest
Jeffrey M. Herbener is chairman of the department of economics at Grove City College and assistant editor of the Quarterly Journal of Austrian Economics.
Sponsor
Blinkist lets you read (or listen to) the key lessons and takeaways from 2500+ nonfiction books in 15 minutes or less. Get a 7-day free trial at Blinkist.com/woods.
Previous Appearances
Ep. 1118 Austrians Against the Mainstream: A Case Study
Ep. 1005 Are We Richer and Better Off Than We Think?
Ep. 757 DEBATE: Is Fractional Reserve Banking Economically Benign? (Jeff Herbener & John Tamny)
Ep. 745 The Economics of Fractional-Reserve Banking
Ep. 723 Austrian Criticisms of Mainstream Economics Are Sound: Reply to a Critic
Ep. 664 How the Fed Screwed Up Before and During the Great Depression
Ep. 529 Leftist Site Attacks Gold Standard; Here’s Our Smackdown (Joe Salerno and Jeff Herbener)
Ep. 527 Is Austrian Economics Unscientific Because It Doesn’t Conduct Experiments?
Ep. 513 Can We Decide on a Main Problem with Socialism? Also: Why the Austrians Are Right About Monopoly
Ep. 488 Welfare Economics: Rothbard Was Right
Ep. 456 Monopoly Is Everywhere, Say Mainstream Economists; Austrians Roll Eyes
Ep. 403 Austrian Microeconomics: Where the Critics Go Wrong
Ep. 269 End the Fed, Then What?
Ep. 257 Austrian Economics vs. a Mainstream Text
Ep. 172 The Fallacies of GDP
Ep. 130 The Fallacies of ‘Public Goods’
Listener Website Mentioned
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Audio by Chris Williams Audio.